What is the meaning of 'ex works' in the context of cryptocurrency transactions?

3 answers

• Stephens LauesenSep 21, 2022 · 3 years ago
  In the context of cryptocurrency transactions, 'ex works' refers to a type of transaction where the buyer takes full responsibility for the transportation and delivery of the cryptocurrency. It means that the seller will only make the cryptocurrency available at a specified location, and the buyer is responsible for arranging the pickup and transportation. This term is commonly used in peer-to-peer cryptocurrency transactions, where the buyer and seller directly interact without the involvement of a third-party exchange. By choosing 'ex works,' the buyer assumes the risk and cost associated with the transportation process.
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• AnkyNov 28, 2021 · 4 years ago
  When it comes to cryptocurrency transactions, 'ex works' means that the seller will make the cryptocurrency available for pickup at a specified location. The buyer is responsible for arranging the transportation and delivery of the cryptocurrency to their desired destination. This term is often used in decentralized exchanges or direct peer-to-peer transactions. It's important for buyers to consider the logistics and security aspects when opting for 'ex works' transactions, as they bear the responsibility for the safe transfer of the cryptocurrency.
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• Abdullah NaheedNov 11, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, explains that 'ex works' in the context of cryptocurrency transactions means that the seller will provide the cryptocurrency at a designated location, and the buyer is responsible for arranging the pickup and transportation. This type of transaction is commonly used in decentralized exchanges, where users directly interact with each other. By choosing 'ex works,' buyers have more control over the transportation process, but they also need to ensure the security and safety of the cryptocurrency during the transfer.
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