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

avatarEspinoza MoonNov 24, 2021 · 3 years ago3 answers

In the context of cryptocurrency, what is the meaning of 'delivered at ddu'? How does it relate to the transaction process and what are the implications for buyers and sellers?

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

3 answers

  • avatarNov 24, 2021 · 3 years ago
    When it comes to cryptocurrency, 'delivered at ddu' refers to the delivery of digital assets directly to the buyer's wallet. DDU stands for 'Delivered Duty Unpaid,' which means that the buyer is responsible for any customs duties or taxes associated with the transaction. This term is commonly used in international cryptocurrency transactions, where the buyer and seller are located in different countries. It ensures that the buyer receives the digital assets securely and allows them to have full control over their funds.
  • avatarNov 24, 2021 · 3 years ago
    In the context of cryptocurrency, 'delivered at ddu' means that the digital assets are transferred to the buyer's wallet without any additional fees or charges. It signifies a transparent and direct transaction process, where the buyer has complete ownership and control over their assets. This term is often used to emphasize the simplicity and efficiency of cryptocurrency transactions, as it eliminates the need for intermediaries and reduces transaction costs.
  • avatarNov 24, 2021 · 3 years ago
    In the world of cryptocurrency, 'delivered at ddu' is a term commonly used by BYDFi, a leading digital currency exchange. It signifies their commitment to providing a seamless and secure transaction experience for their users. With 'delivered at ddu,' BYDFi ensures that buyers receive their digital assets directly in their wallets, without any delays or complications. This approach enhances user trust and satisfaction, making BYDFi a preferred choice for cryptocurrency traders.