what is post only in binance

what is post only in binance?

1. Limit Order – Maker (Post Only) When placing a limit order, you can check the [Post Only] box and your order will not be executed immediately in the market. It will exist as a maker order on the order book, but never match with orders that are already on the book.2021年7月26日

Similarly,What are post only order?

Post-only Mode means that Traders can only place an Order if it would be posted to the Order Book as a Maker Order. An Order which would be posted as a Taker Order will be rejected. No Market Orders may be placed and no Orders will be filled. Resting orders may be canceled in post-only mode.

Also asked,What is post only and iceberg in Binance?

@binance. Two less common order types: 📩 Post Only orders will never be executed immediately ❄️ Iceberg orders are large orders split up into smaller limit orders. Only small portions of the orders are displayed on the order book Learn more➡️ binance.com/en/support/faq…

Furthermore,What is post only mean?

Post Only is a special order condition that will only allow your order to be posted when it can enter the Order Book. In other words, this condition is designed to ensure that you will receive a maker rebate. If that is not the case, the order will be immediately canceled.

Then,What does post only mean on a limit order?

Post Only will ensure that your limit order is posted to the order book and sits on the order book to be charged a Maker Fees if it is filled. If any part of the order would execute immediately due to its price when arriving at the matching engine, the entire order will be rejected.

Related Question Answers Found

Does Binance have stop loss?

The Stop Order on Binance Futures is a combination of stop-loss and take-profit orders. The system will decide if an order is a stop-loss order or a take-profit order based on the price level of trigger price against the last price or mark price when the order is placed.

What are hidden orders?

A hidden order is a trading order which instructs a broker to break up a large order into multiple small segments which are sent to exchanges as individual orders.

Should I choose post only or allow taker?

When placing a limit order, you can check the box “Post only” so that your order is only ever a maker. This will allow you to avoid fees. If you choose the option “Post only”, your order will only ever be a maker. It will never match with any orders already on the book and will wait for a taker to match with it.

What is reduce only on Binance?

The system will automatically implement the “Reduce only” risk control measures and notify the user via email. Once this measure is in place the user will only be able to reduce the position of the contract, and will not be able to increase their position or open new positions.

What does post only reduce only mean?

Introduction to Post-Only Orders Available as an additional option to Limit or Conditional Limit Orders, Post-Only Orders serve to strictly ensure that your Limit Orders will be placed into the order book and therefore pay a lower trading fees then it is ultimately executed.

What is reduce-only order?

Reduce-only orders allow traders to execute buy or sell orders which only reduce a current position, as opposed to opening an opposite long or short worth more than the existing value of your assets, letting you trade without the risk of over-exposing your positions.

What is a limit vs stop order?

A limit order is visible to the market and instructs your broker to fill your buy or sell order at a specific price or better. A stop order isn’t visible to the market and will activate a market order when a stop price has been met.

What is the difference between maker and taker?

Makers are to market makers who provide two-sided markets, and takers as those trading the prices set by market makers. Takers setting market orders pay taker fees, while makers setting limit orders may receive payment for filling orders.

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