What is the definition of ex-works in the context of cryptocurrency?

3 answers

• senpaisaysFeb 24, 2023 · 3 years ago
  Ex-works in the context of cryptocurrency refers to a type of trade where the seller is only responsible for making the cryptocurrency available at a specified location. The buyer is responsible for all transportation costs, taxes, and risks associated with the delivery of the cryptocurrency. It essentially means that the buyer takes full responsibility for the cryptocurrency once it is made available by the seller. This term is commonly used in the cryptocurrency industry to define the terms of a transaction.
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• PenguinsFeb 11, 2021 · 5 years ago
  Ex-works in cryptocurrency is like buying a product directly from the manufacturer. The seller provides the cryptocurrency at a specific location, and the buyer is responsible for everything else, including transportation and any additional costs. It's a way for the seller to minimize their responsibilities and costs, while the buyer takes on more risk and control over the transaction. It's important for buyers to understand the implications of ex-works in cryptocurrency before engaging in such transactions.
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• Alejandro ManriquezDec 30, 2024 · 8 months ago
  Ex-works is a term commonly used in the cryptocurrency industry to describe a type of trade where the seller's responsibility ends once the cryptocurrency is made available at a specified location. This means that the buyer is responsible for arranging transportation, paying any applicable taxes or fees, and assuming any risks associated with the delivery of the cryptocurrency. It's important for buyers to carefully consider the terms of an ex-works transaction and assess the potential risks and costs involved before proceeding.
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