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What are the benefits of choosing the 'post only' setting on Bybit for my digital asset trades?

avatarrohith kuchanaNov 27, 2021 · 3 years ago5 answers

Can you explain the advantages of selecting the 'post only' setting on Bybit when trading digital assets?

What are the benefits of choosing the 'post only' setting on Bybit for my digital asset trades?

5 answers

  • avatarNov 27, 2021 · 3 years ago
    One of the benefits of using the 'post only' setting on Bybit for your digital asset trades is that it allows you to ensure that your orders are only added to the order book as a maker. This means that you won't be charged any trading fees for these orders. It's a great way to save on fees and maximize your profits.
  • avatarNov 27, 2021 · 3 years ago
    By choosing the 'post only' setting on Bybit, you can also avoid any potential market taker fees. This setting ensures that your orders are only executed if they can be added to the order book as a maker. If your order would be executed immediately, it will be canceled instead. This can be particularly useful if you're looking to provide liquidity to the market and avoid paying unnecessary fees.
  • avatarNov 27, 2021 · 3 years ago
    When you select the 'post only' setting on Bybit for your digital asset trades, you are essentially acting as a liquidity provider. By adding liquidity to the order book, you are helping to improve the overall market depth and stability. This can result in better execution prices and reduced slippage for your trades. It's a win-win situation for both traders and the exchange.
  • avatarNov 27, 2021 · 3 years ago
    Using the 'post only' setting on Bybit is especially beneficial for high-frequency traders who want to minimize their trading costs. By avoiding market taker fees and taking advantage of the maker fee structure, you can significantly reduce your trading expenses. This can have a positive impact on your overall profitability and trading strategy.
  • avatarNov 27, 2021 · 3 years ago
    When it comes to trading digital assets, Bybit's 'post only' setting offers a unique advantage. It allows you to take advantage of the maker fee structure, which can be a cost-saving measure for active traders. Bybit's focus on providing a seamless trading experience and competitive fee structure makes it a popular choice among cryptocurrency traders.