What is the meaning of exw price in the context of cryptocurrency trading?
Barry CarlsenDec 18, 2021 · 3 years ago3 answers
Can you explain the concept of exw price in the context of cryptocurrency trading? How does it work and what does it mean for traders?
3 answers
- Dec 18, 2021 · 3 years agoThe exw price, also known as the 'ex-warehouse price,' refers to the cost of a cryptocurrency when it is sold directly from the seller's wallet or exchange account. In other words, it is the price at which the seller is willing to sell the cryptocurrency without any additional fees or charges. This means that the buyer will not have to pay any transaction fees or commissions on top of the exw price. It is important to note that the exw price may vary depending on the cryptocurrency and the seller's terms. It is often used as a benchmark for comparing prices across different exchanges.
- Dec 18, 2021 · 3 years agoExw price in cryptocurrency trading is like buying a product directly from the manufacturer without involving any middlemen. It allows traders to purchase cryptocurrencies at the exact price set by the seller, without any additional fees or markups. This can be advantageous for traders who want to avoid paying extra fees or who prefer to have full control over their transactions. However, it's important to consider other factors such as liquidity and security when trading at exw prices.
- Dec 18, 2021 · 3 years agoIn the context of cryptocurrency trading, exw price refers to the price at which a specific cryptocurrency is offered for sale by the seller. It is an important concept for traders as it allows them to understand the cost of acquiring a particular cryptocurrency without any additional fees. For example, if a seller offers a Bitcoin at an exw price of $10,000, it means that the buyer can purchase the Bitcoin for exactly $10,000 without any transaction fees or commissions. This can be beneficial for traders who want to have a clear understanding of the total cost of their trades.
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