How does the term 'ex works' apply to cryptocurrency exchanges?

3 answers

• Jan 02, 2022 · 3 years ago
  In the world of cryptocurrency exchanges, the term 'ex works' refers to a type of trading where the buyer takes full responsibility for the transaction. It means that the seller will only deliver the cryptocurrency to the buyer's wallet once the payment has been confirmed. This method is often used for peer-to-peer transactions, and it ensures that the buyer has complete control over their funds. However, it also requires a high level of trust between the buyer and the seller.
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• Jan 02, 2022 · 3 years ago
  When it comes to cryptocurrency exchanges, 'ex works' means that the buyer is responsible for all aspects of the transaction, including the security of their funds. The seller will only release the cryptocurrency once the buyer has fulfilled their payment obligations. This method puts the buyer in control, but it also requires a certain level of trust in the seller. It's important for buyers to do their due diligence and only engage in 'ex works' transactions with reputable and trustworthy sellers.
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• Jan 02, 2022 · 3 years ago
  At BYDFi, we believe in empowering users and giving them full control over their cryptocurrency transactions. That's why we offer 'ex works' trading, where buyers have complete responsibility for their transactions. We understand the importance of trust and security in the cryptocurrency world, and we strive to provide a platform that allows users to trade with confidence. With 'ex works' trading, you can have peace of mind knowing that you are in control of your funds and that the transaction will only be completed once you have fulfilled your payment obligations.
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