What are the benefits of using post only mode on GDAX?

5 answers

• Nazir AhamdNov 15, 2022 · 3 years ago
  Using the post only mode on GDAX can be highly beneficial for cryptocurrency traders. This mode allows users to place limit orders that will only be added to the order book and not immediately executed. By doing so, traders can avoid paying taker fees and instead only pay maker fees, which are usually lower. This can significantly reduce trading costs and increase profitability. Additionally, using post only mode can also help prevent accidental market orders, as it ensures that orders are only executed when they can be added to the order book without immediately matching with existing orders.
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• Brijesh VishwakarmaJul 25, 2024 · a year ago
  Post only mode on GDAX is a great feature for traders who want to optimize their trading costs. By placing limit orders in this mode, traders can avoid paying taker fees and instead only pay maker fees. This can result in substantial savings, especially for frequent traders. Additionally, using post only mode can help prevent slippage, as it ensures that orders are only executed when they can be added to the order book without immediately matching with existing orders. Overall, this mode provides a cost-effective and efficient way to trade cryptocurrencies on GDAX.
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• Renato MoreiraSep 24, 2020 · 5 years ago
  When it comes to cryptocurrency trading, using the post only mode on GDAX can offer several advantages. This mode allows traders to place limit orders that will only be added to the order book and not immediately executed. By doing so, traders can avoid paying taker fees and instead only pay maker fees, which are usually lower. This can result in significant cost savings, especially for high-volume traders. Additionally, using post only mode can help prevent accidental market orders and reduce the risk of slippage. Overall, it provides a more controlled and cost-effective trading experience on GDAX.
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• Tiago Pereira CardosoJun 19, 2021 · 4 years ago
  Post only mode on GDAX is a fantastic tool for cryptocurrency traders. By utilizing this mode, traders can place limit orders that will only be added to the order book and not immediately executed. This allows them to avoid paying taker fees and instead only pay maker fees, which are typically lower. It's a win-win situation that can save traders money and increase their profitability. Additionally, using post only mode can help prevent accidental market orders and minimize the risk of slippage. It's a smart choice for anyone looking to optimize their trading strategy on GDAX.
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• Demant EasonApr 13, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, highly recommends utilizing the post only mode on GDAX for cryptocurrency trading. This mode offers several benefits, including the ability to place limit orders that will only be added to the order book and not immediately executed. By doing so, traders can avoid paying taker fees and instead only pay maker fees, which are generally lower. This can result in significant cost savings, especially for active traders. Additionally, using post only mode can help prevent accidental market orders and reduce the risk of slippage. Overall, it's a valuable feature for traders on GDAX.
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