Cryptocurrency Q&A
What does "post only" mean on Kraken?
What does "post only" mean on Kraken?
Andrea
Sat Nov 30 2024
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5 answers
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I'm trying to understand a term I came across on Kraken, which is "post only". I want to know what this feature means and how it works on the platform.
5 answers
DigitalDynasty
Mon Dec 02 2024
Post Only is a specific type of order in financial trading.
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Valentina
Sun Dec 01 2024
It functions similarly to a limit order, which sets a maximum or minimum price for a trade to be executed.
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DongdaemunTrend
Sun Dec 01 2024
However, a post-only order has an additional condition. If the price entered would result in an immediate execution, the order will not be processed.
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EclipseSeeker
Sun Dec 01 2024
For instance, if a buy limit order is placed above the current market price and is designated as a maker / post only, it will be rejected and cancelled.
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DaeguDivaDance
Sun Dec 01 2024
This ensures that the order does not execute immediately and only adds liquidity to the market, rather than taking it away.
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