Can you explain how ex-works affects the pricing of digital currencies?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! Ex-works refers to the point at which ownership and responsibility of a digital currency transfer from the seller to the buyer. It affects pricing because it determines who bears the costs and risks associated with the currency. When a digital currency is sold ex-works, the buyer is responsible for all transportation, insurance, and customs-related expenses. This can impact the overall cost of acquiring the currency, which in turn affects its pricing in the market.
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• Dec 17, 2021 · 3 years ago
  Ex-works is a term commonly used in international trade. In the context of digital currencies, it means that the buyer takes ownership of the currency at the seller's location. This can have an impact on pricing because it determines where the buyer is responsible for any additional costs, such as shipping or taxes. Depending on the location of the seller and the buyer, these costs can vary and may affect the final price of the digital currency.
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• Dec 17, 2021 · 3 years ago
  Ex-works is an important concept in the digital currency market. When a digital currency is sold ex-works, it means that the buyer is responsible for all costs and risks associated with the currency after the transaction. This includes transportation, insurance, and any other expenses. By understanding the ex-works terms, buyers can better evaluate the total cost of acquiring the currency and make informed decisions. At BYDFi, we ensure transparency by providing clear ex-works terms to our users, allowing them to understand the pricing structure of the digital currencies they trade.
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