what is post only order binance

what is post only order binance?

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

Subsequently, question is,What are post only orders?

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 iceberg and post only 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…

One may also ask,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.

Subsequently,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

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 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 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 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.

How does FTX prevent loss?

  1. Stop-Loss (Limit and Market) When creating a stop-loss order, you directly input the desired trigger price. …
  2. Take profit (Limit and Market) Like for a Stop-loss order, you directly input the trigger price when creating a Take profit order. …
  3. Trailing Stop. …
  4. Retry until filled. …
  5. Post Only. …
  6. IOC. …
  7. Reduce Only. …
  8. Market.

What is IOC order type?

An Immediate-Or-Cancel (IOC) order is an order to buy or sell a stock that must be executed immediately. Any portion of an IOC order that cannot be filled immediately will be cancelled.

What is buy limit in Binance?

What is a Limit Order? Limit Order allows you to place an order at a specific or a better price. A buy Limit Order will be filled if the price matches or is lower than your limit price, and a sell Limit Order will be filled at or higher than your limit price.

What is GTE in Binance?

GreenTek Price(GTE)

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