This article addresses our Global Derivatives offering, which is currently only available to eligible customers in supported regions outside of the U.S. Learn more about Coinbase's Derivatives products
Order attributes control how your orders behave on Coinbase Advanced. Depending on the order type, you can set time in force, reduce only or post only.
This article explains each attribute and when to use it.
Time in Force (TIF)
Time in force is a special instruction used when placing a trade to indicate how long an order will remain active before it is executed or expires.
GTC | Good ‘til cancel (GTC): GTC is the default setting. The order will remain open until it is filled, cancelled, or the instrument expires. |
GTD | Good ‘til day (GTD): If it has not already been filled or cancelled, the order will be cancelled automatically at the end of the current daily session (8 AM UTC). |
FOK | Fill or Kill (FOK): The order is either filled immediately and completely, or not at all. |
IOC | Immediate or cancel (IOC): Any portion of the order that can’t be filled immediately will be cancelled. |
Order type attributes
Post_only | Post only (post_only): This setting will ensure the order will not act as a taker, and therefore will not match against orders that are already resting in the orderbook (excluding hidden orders). If the price of the order is such that it would otherwise execute against the best available price, the post only order will be placed into the order book one tick away from the best available price. |
Reduce_only | Reduce (reduce_only): This setting will ensure the order can only reduce an open position. It can not increase the size of any existing positions, or open any new positions. |
Take profit and stop loss (TP/SL)
Take profit and stop loss orders attached to a new order become active proportionally as that order fills. These fill conditions are not settings you select in the Coinbase Advanced interface.
For setup instructions and behavior, see Take profit/stop loss orders.