Post-Only Orders

What is a Post-Only Order A post-only order is a type of limit order. With a post-only order, the trader is indicating that they want to buy or sell a certain asset at a specific price, but only if the order does not immediately match with an existing order on the opposite side of the market (i.e. a buy order is only placed if there is no matching sell order at the same price or vice versa). This type of order is typically used to avoid ‘market-taking’ behaviors where a trader fills an order with existing orders rather than adding liquidity to the market.

To place a Post-Only Order

Step 1: Connect your wallet

Step 2: Select the cryptocurrency or asset you wish to trade, and choose ‘Limit Order’ from the order types available

Step 3: Toggle on ‘Post’ on the right-hand side of the limit order box

Step 4: Enter the price at which you wish to buy or sell the asset in the Limit price field

Step 5: Enter the amount of the asset you wish to trade in the amount field. You may use the slider tool to choose what percentage of your holdings you want to trade

Step 6: Review your order details and confirm the limit order to complete the process