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- The post-only order is a limit order that ensures the order will be added to the book and not match with a pre-existing order.
- If your order matches with a pre-existing order, your post-only limit order will be rejected.
- The Post-Only Order ensures that you will receive the maker rebate, and not pay a taker fee.
- It prevents placing a limit buy order that matches against the sell side of the order book (and vice versa, for sell orders), which would normally result in taker fees.