Is it recommended to use GDAX's post only mode when trading digital currencies?

5 answers

• Dec 16, 2021 · 3 years ago
  Yes, using GDAX's post only mode can be a good strategy when trading digital currencies. This mode allows you to place limit orders that will only be posted to the order book and not immediately executed. The benefit of using this mode is that it can help you avoid paying taker fees, which are typically higher than maker fees. However, the drawback is that your order may not be filled immediately if there are no matching orders in the order book. Overall, it depends on your trading strategy and goals.
  506253
• Dec 16, 2021 · 3 years ago
  Absolutely! GDAX's post only mode is a great tool for trading digital currencies. By using this mode, you can take advantage of the lower maker fees and potentially save money. It also gives you more control over your trades and allows you to set specific price levels for your orders. However, keep in mind that using post only mode means your orders may not be executed immediately, so if you're looking for quick trades, this may not be the best option for you.
  464155
• Dec 16, 2021 · 3 years ago
  Yes, GDAX's post only mode is recommended for trading digital currencies. It is a feature that allows users to place limit orders without incurring taker fees. This can be beneficial for traders who want to minimize their trading costs. However, it's important to note that using post only mode may result in slower order execution, as your orders will only be filled if there are matching orders in the order book. So, if you're looking for fast trades, you may want to consider other options.
  494124
• Dec 16, 2021 · 3 years ago
  Using GDAX's post only mode when trading digital currencies can be a smart move. This mode allows you to place limit orders without paying taker fees, which can save you money in the long run. However, it's important to consider the potential drawbacks. Your orders may not be filled immediately, especially if there is low liquidity in the market. So, if you're looking for quick trades, you may want to use other modes. Overall, it depends on your trading style and goals.
  47495
• Dec 16, 2021 · 3 years ago
  GDAX's post only mode is a useful feature for trading digital currencies. By using this mode, you can place limit orders without paying taker fees, which can be advantageous for reducing trading costs. However, it's important to be aware that your orders may not be filled immediately if there are no matching orders in the order book. So, if you're looking for instant execution, you may want to consider using other modes. Overall, it's recommended to consider your trading strategy and goals before deciding whether to use post only mode or not.
  54892