Why is it important to understand the ex works price when investing in cryptocurrencies?

3 answers

• May 02, 2022 · 3 years ago
  Understanding the ex works price is crucial for cryptocurrency investors as it provides insights into the cost of acquiring a cryptocurrency directly from the source. By understanding the ex works price, investors can evaluate the profitability of their investment and make informed decisions. It also helps in identifying potential arbitrage opportunities and avoiding unnecessary fees and markups from intermediaries.
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• May 02, 2022 · 3 years ago
  The ex works price is like the base price of a cryptocurrency, excluding any additional costs such as shipping, taxes, or fees. It is important to understand this price because it gives investors a clear picture of the actual value of the cryptocurrency without any external factors. This knowledge allows investors to assess the true potential of the investment and make better decisions based on accurate information.
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• May 02, 2022 · 3 years ago
  When it comes to understanding the ex works price in cryptocurrency investment, BYDFi recommends considering it as one of the essential factors. Knowing the ex works price helps investors determine the fair value of a cryptocurrency and avoid overpaying. It also enables investors to compare prices across different exchanges and identify the best opportunities for buying or selling. By understanding the ex works price, investors can navigate the cryptocurrency market more effectively and maximize their returns.
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