How to Become a Maker Using Limit Orders and Post-Only Mode

Limit Orders: Maker or Taker?
A limit order can behave as either a maker or taker order:

• * If it immediately matches with an existing order in the book, it becomes a taker order.

• * If it waits in the order book for a match, it becomes a maker order.

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Ensuring Your Limit Order Becomes a Maker Order
To guarantee that your limit order will be a maker order, you must enable the Post-Only option when placing your order. Refer to the image attached below:

What Is Post-Only Mode?

• 1) The Post-Only option ensures that your limit order is added to the order book and will not match with an existing order immediately. This way, your order waits in the book, becoming a maker order.

• 2) If the order would match with an existing order upon placement, it is canceled instead of being executed as a taker order.

The Benefits of Post-Only Mode

• * Guaranteed Maker Status: By using Post-Only mode, you can ensure that your order is always a maker order which generally incurs lower fees.

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The Downsides of Post-Only Mode

• * Potential Cancellation: If your order would immediately match with an existing order, it will be canceled instead of being filled. This can lead to missed trading opportunities if the market price moves away from your limit price.