Can you explain the concept of ex works in relation to digital assets?

3 answers

• Sylvest PetersonNov 03, 2024 · a year ago
  Ex works, also known as EXW, is a trade term commonly used in international commerce. In relation to digital assets, ex works refers to a transaction where the seller makes the goods available at their own premises or another named place, and the buyer is responsible for all transportation costs and risks. In the context of digital assets, ex works means that the buyer takes full responsibility for the custody and security of the digital assets once they are made available by the seller. It is important for buyers to understand the concept of ex works when dealing with digital assets to ensure they have the necessary measures in place to protect their investments.
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• Jakob WetzelJan 02, 2024 · 2 years ago
  Ex works in relation to digital assets means that the seller is only responsible for making the assets available, and the buyer is responsible for all other aspects, including transportation, storage, and security. This concept is commonly used in the cryptocurrency industry, where buyers often need to transfer the assets to their own wallets or custody solutions. By understanding the concept of ex works, buyers can make informed decisions about how to securely store and manage their digital assets.
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• Daniela C.May 12, 2021 · 5 years ago
  When it comes to digital assets, ex works means that the seller is only responsible for delivering the assets to a specified location, and the buyer is responsible for all subsequent actions and costs. This includes transferring the assets to their own wallets, managing the private keys, and ensuring the security of the assets. It is important for buyers to carefully consider the implications of ex works when dealing with digital assets, as they will have full control and responsibility once the assets are delivered by the seller.
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