What are the benefits of choosing the 'post only' setting on Bybit for my digital asset trades?
rohith kuchanaNov 27, 2021 · 3 years ago5 answers
Can you explain the advantages of selecting the 'post only' setting on Bybit when trading digital assets?
5 answers
- Nov 27, 2021 · 3 years agoOne 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.
- Nov 27, 2021 · 3 years agoBy 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.
- Nov 27, 2021 · 3 years agoWhen 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.
- Nov 27, 2021 · 3 years agoUsing 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.
- Nov 27, 2021 · 3 years agoWhen 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.
Related Tags
Hot Questions
- 97
What are the best digital currencies to invest in right now?
- 95
What are the tax implications of using cryptocurrency?
- 93
How can I buy Bitcoin with a credit card?
- 80
Are there any special tax rules for crypto investors?
- 68
How can I minimize my tax liability when dealing with cryptocurrencies?
- 56
What are the best practices for reporting cryptocurrency on my taxes?
- 47
How can I protect my digital assets from hackers?
- 36
How does cryptocurrency affect my tax return?