What is the post only mode on GDAX and how does it work?

3 answers

• dom08052003Mar 21, 2024 · 2 years ago
  Sure, the post only mode on GDAX is a feature that allows users to place limit orders that will only be added to the order book if they do not immediately match with an existing order. This means that if you place a post only limit order, it will only be added to the order book if it doesn't result in an immediate trade. It's a useful feature for traders who want to ensure that their orders are not executed at unfavorable prices. The post only mode can be selected when placing a limit order on GDAX.
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• Ejlersen FryeJul 10, 2020 · 6 years ago
  The post only mode on GDAX is a way for traders to ensure that their limit orders are not executed as market orders. When you place a limit order in post only mode, it will only be added to the order book if it doesn't immediately match with an existing order. This means that your order will not be executed right away and will instead wait for a matching order. It's a useful feature for traders who want to avoid paying the market price for their trades.
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• Faircloth ChristoffersenMar 17, 2024 · 2 years ago
  BYDFi, a popular cryptocurrency exchange, also offers a post only mode similar to GDAX. When you place a limit order in post only mode on BYDFi, it will only be added to the order book if it doesn't immediately match with an existing order. This feature helps traders ensure that their orders are not executed at unfavorable prices. It's a great tool for traders who want more control over their trades and want to avoid slippage.
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