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What does 'delivered at DDU' mean in the context of cryptocurrency transactions?

avatarRohit saraswatDec 25, 2021 · 3 years ago5 answers

In the context of cryptocurrency transactions, what is the meaning of 'delivered at DDU'? How does it affect the transaction process?

What does 'delivered at DDU' mean in the context of cryptocurrency transactions?

5 answers

  • avatarDec 25, 2021 · 3 years ago
    When a cryptocurrency transaction is marked as 'delivered at DDU', it means that the seller is responsible for delivering the cryptocurrency to the buyer's designated wallet address. DDU stands for 'Delivered Duty Unpaid', which indicates that the buyer is responsible for any customs duties or taxes that may be incurred during the delivery process. This term is commonly used in international transactions and ensures that the buyer receives the cryptocurrency without any additional costs.
  • avatarDec 25, 2021 · 3 years ago
    In the context of cryptocurrency transactions, 'delivered at DDU' means that the seller is responsible for delivering the cryptocurrency to the buyer's wallet address. The buyer, on the other hand, is responsible for any customs duties or taxes that may be applicable. It's important for buyers to be aware of this term and understand their obligations when making international cryptocurrency transactions.
  • avatarDec 25, 2021 · 3 years ago
    When a cryptocurrency transaction is marked as 'delivered at DDU', it means that the seller is responsible for delivering the cryptocurrency to the buyer's designated wallet address. This term is commonly used in international transactions and ensures that the buyer receives the cryptocurrency without any additional costs. However, it's important for buyers to be aware of any customs duties or taxes that may be applicable in their country.
  • avatarDec 25, 2021 · 3 years ago
    In the context of cryptocurrency transactions, 'delivered at DDU' means that the seller is responsible for delivering the cryptocurrency to the buyer's wallet address. This term is commonly used in international transactions and ensures that the buyer receives the cryptocurrency without any additional costs. However, buyers should be aware of their country's customs regulations and any potential duties or taxes that may be applicable.
  • avatarDec 25, 2021 · 3 years ago
    When a cryptocurrency transaction is marked as 'delivered at DDU', it means that the seller is responsible for delivering the cryptocurrency to the buyer's designated wallet address. This term is commonly used in international transactions and ensures that the buyer receives the cryptocurrency without any additional costs. At BYDFi, we prioritize transparency and ensure that our users have a clear understanding of the terms and conditions associated with their transactions.