Cryptocurrency Q&A What is post only order on Coinbase?

What is post only order on Coinbase?

KpopStarlet KpopStarlet Fri Nov 29 2024 | 6 answers 1611
I'm trying to understand the concept of post only order on Coinbase. Could someone explain what it is and how it works in the context of cryptocurrency trading on the platform? What is post only order on Coinbase?

6 answers

emma_anderson_scientist emma_anderson_scientist Sun Dec 01 2024
When an order with the post-only flag is placed, it must add to the available pool of buy or sell orders.

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Valeria Valeria Sun Dec 01 2024
The post-only flag serves as an indicator for a specific type of order in trading platforms.

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Gianluca Gianluca Sun Dec 01 2024
This flag ensures that the order's sole purpose is to contribute to the market's liquidity.

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Martina Martina Sun Dec 01 2024
In simple terms, liquidity refers to the ease of buying and selling assets in the market.

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Lucia Lucia Sat Nov 30 2024
If any portion of the order attempts to take liquidity by matching with an existing order, it will not be processed.

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