Cryptocurrency Q&A What does C mean at CEX?

What does C mean at CEX?

SeoulSerenity SeoulSerenity Sun Sep 15 2024 | 6 answers 956
Could you please elaborate on the meaning of the letter "C" when it's used in the context of "CEX"? In the cryptocurrency and finance industry, abbreviations and acronyms are common, and it's essential to understand their meanings. Does "C" in "CEX" stand for a specific term or concept related to cryptocurrency exchanges? Is it a universal convention, or does it vary depending on the platform or context? Clarifying the meaning of "C" in "CEX" would help in understanding the broader terminology and operations within the cryptocurrency exchange ecosystem. What does C mean at CEX?

6 answers

Nicola Nicola Tue Sep 17 2024
When assessing the condition of a product, two primary classifications are used: "C - Working" and "F - Non-Working". These classifications serve as a guide for determining the functionality and overall state of the product.

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SamuraiWarriorSoul SamuraiWarriorSoul Tue Sep 17 2024
Under the "C - Working" category, a product is deemed to be in poor condition, yet fully operational. This means that all essential accessories are included and the product functions as intended.

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DaeguDivaDance DaeguDivaDance Tue Sep 17 2024
Importantly, for a product to be classified as "C - Working", a box is not required. This allows for flexibility in packaging and shipping, reducing waste and cost.

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Luca Luca Tue Sep 17 2024
On the other hand, the "F - Non-Working" classification applies only to select phones. This category indicates that the product is not functional and requires repair or replacement.

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Raffaele Raffaele Mon Sep 16 2024
For a product to be accepted as "F - Non-Working", it must be in an intact state. This means that the product cannot be crushed, bent, or snapped, as these conditions would indicate significant damage.

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