What is the definition of ex works in the context of cryptocurrencies?

1 answers

• Prajjwal DohareFeb 02, 2021 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, defines ex works as a transaction where the seller makes the digital assets available for pickup by the buyer. This means that the buyer is responsible for arranging the transfer of the assets from the seller's wallet or exchange account. Ex works transactions are commonly used in the cryptocurrency industry, especially for peer-to-peer trades or over-the-counter transactions. It's important for buyers to carefully consider the risks and costs associated with ex works transactions before engaging in them. BYDFi provides a secure platform for users to engage in ex works transactions, ensuring the safety and transparency of the process.
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