What is the impact of incoterm DDU on cryptocurrency transactions?

3 answers

• Nov 26, 2021 · 3 years ago
  When it comes to cryptocurrency transactions, the incoterm DDU (Delivered Duty Unpaid) can have a significant impact. DDU means that the seller is responsible for delivering the goods to the buyer's chosen destination, but the buyer is responsible for any import duties or taxes. In the context of cryptocurrency, this means that the buyer is responsible for any fees or charges associated with the transaction, such as network fees or exchange fees. It's important for buyers to consider these additional costs when using DDU for cryptocurrency transactions.
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• Nov 26, 2021 · 3 years ago
  The impact of incoterm DDU on cryptocurrency transactions is that it shifts the responsibility of import duties and taxes to the buyer. This means that the buyer will need to account for these additional costs when purchasing cryptocurrencies. It's important for buyers to be aware of the potential fees and charges associated with DDU, as they can vary depending on the country and the specific transaction. By understanding the implications of using DDU, buyers can make more informed decisions when buying and selling cryptocurrencies.
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• Nov 26, 2021 · 3 years ago
  When it comes to cryptocurrency transactions, the incoterm DDU can have a significant impact. DDU means that the buyer is responsible for any import duties or taxes, which includes any fees or charges associated with the transaction. This means that buyers need to be aware of the potential costs involved when using DDU for cryptocurrency transactions. At BYDFi, we recommend that buyers carefully consider the implications of using DDU and factor in any additional costs before making a transaction. It's important to be informed and prepared when it comes to cryptocurrency transactions.
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