Why does this order have the option to execute as a taker order if 'post only' is not selected?

3 answers

• Dhanush ChandakaDec 14, 2023 · 2 years ago
  When 'post only' is not selected, the order can be executed as a taker order. This means that the order will be immediately matched with existing orders in the order book, regardless of the order's price. This option allows traders to take advantage of the liquidity in the market and ensure that their order gets executed quickly.
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• ParkerG24Jan 07, 2025 · 7 months ago
  The option to execute as a taker order without selecting 'post only' provides flexibility for traders. It allows them to choose whether they want their order to be executed immediately or if they want to wait for a more favorable price. By not selecting 'post only', traders can participate in the market as a taker and potentially benefit from favorable price movements.
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• Devin MonroeFeb 05, 2021 · 5 years ago
  BYDFi, a popular cryptocurrency exchange, offers this option to give traders more control over their orders. By allowing orders to be executed as taker orders even without selecting 'post only', BYDFi aims to provide a seamless trading experience and ensure that traders can quickly enter or exit positions based on their trading strategies.
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