Cryptocurrency Q&A
What is the difference between allow taker and post only on Coinbase?
What is the difference between allow taker and post only on Coinbase?
Eleonora
Mon Dec 02 2024
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5 answers
1296
I'm trying to understand the difference between the 'allow taker' and 'post only' options on Coinbase. Could someone explain the distinction between these two settings and how they affect trades?
5 answers
Martina
Tue Dec 03 2024
Market Orders are not allowed in Post-only Mode, meaning traders cannot execute immediate trades by taking existing orders from the Order Book.
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HanbokGlamourQueenEleganceBloom
Tue Dec 03 2024
Additionally, no orders will be filled in this mode, as the primary purpose is to ensure that only new orders are added to the Order Book.
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CryptoWanderer
Tue Dec 03 2024
Post-only Mode is a trading mechanism that restricts the types of orders traders can place.
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Valentina
Tue Dec 03 2024
In this mode, traders can only submit an order if it would be recorded in the Order Book as a Maker Order.
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CryptoLord
Tue Dec 03 2024
Any order that would be posted as a Taker Order will automatically be rejected by the system.
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