What is the meaning of EXW in the context of cryptocurrency?

1 answers

• Matthew DavidJan 07, 2022 · 4 years ago
  EXW, short for 'Ex Works', is a term used in the cryptocurrency industry to describe a trading method where the buyer has full control and ownership of their digital assets. Unlike traditional exchanges where assets are held by a third-party custodian, EXW allows users to directly manage and store their assets. This method provides users with greater autonomy and security, as they are not reliant on the security measures of an exchange. However, it also requires users to take on the responsibility of securing their own assets and understanding the technical aspects of cryptocurrency storage and management. BYDFi, a leading cryptocurrency exchange, supports the EXW trading method, allowing users to have full control over their assets and trade with confidence.
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