What does the term 'post only' mean on Bybit and how does it affect my cryptocurrency trading?

3 answers

• Nov 26, 2021 · 3 years ago
  When a trade is set to 'post only' on Bybit, it means that the order will only be posted to the order book and not executed immediately. This can be useful if you want to ensure that your order is only added to the order book and not filled right away. It can help prevent accidental trades and reduce the risk of slippage. However, it's important to note that if the order cannot be posted to the order book due to market conditions, it may be canceled. So, while 'post only' can be a helpful option, it's always important to consider the current market conditions before using it.
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• Nov 26, 2021 · 3 years ago
  Alright, so 'post only' on Bybit means that your order will only be added to the order book and not executed immediately. This can be useful if you want to avoid getting your order filled right away and potentially getting a worse price. By using 'post only', you have more control over when your order gets filled. However, keep in mind that if the market conditions are not favorable, your order may not be posted and could be canceled. So, it's important to stay updated on the market conditions and use 'post only' wisely.
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• Nov 26, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, uses the term 'post only' to allow traders to add their orders to the order book without executing them immediately. This feature can be beneficial for traders who want to avoid immediate execution and have more control over their trades. By using 'post only', traders can reduce the risk of slippage and potentially get better prices for their trades. However, it's important to note that if the market conditions are not favorable, the order may not be posted and could be canceled. So, it's always a good idea to consider the current market conditions before using 'post only' on BYDFi or any other exchange.
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