What is the definition of EXW in the context of cryptocurrency trading?

3 answers

• Nov 26, 2021 · 3 years ago
  EXW stands for 'Ex Works' and it is a term commonly used in international trade, including cryptocurrency trading. In the context of cryptocurrency trading, EXW refers to a type of trade where the seller is only responsible for making the cryptocurrency available for pickup or delivery at a specified location. The buyer is responsible for all other aspects of the trade, including transportation, customs clearance, and any associated costs. EXW is often used in peer-to-peer trading platforms where buyers and sellers directly interact with each other.
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• Nov 26, 2021 · 3 years ago
  EXW in cryptocurrency trading is like a 'do-it-yourself' approach. It means that the seller will only provide the cryptocurrency and it's up to the buyer to handle everything else. This includes arranging for transportation, ensuring compliance with regulations, and taking care of any additional fees or taxes. It's important for buyers to fully understand the implications of EXW before engaging in such trades, as it requires a higher level of responsibility and knowledge.
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• Nov 26, 2021 · 3 years ago
  In the context of cryptocurrency trading, EXW is a term used to describe a trade where the seller only provides the cryptocurrency and the buyer is responsible for all other aspects of the transaction. This means that the buyer will need to arrange for the transfer of funds, handle any legal or regulatory requirements, and ensure the safe delivery of the cryptocurrency. It's worth noting that not all cryptocurrency exchanges or platforms support EXW trades, so it's important to check the specific terms and conditions of the platform you are using.
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