Wallets & Security | What are Memo and Tag when depositing crypto?
A Destination Tag on the XRP Ledger is a 32-bit unsigned integer that platforms commonly use to distinguish between users who share the same receiving address.
Using a shared address with a Memo means exchanges have fewer addresses to manage, but it also means that identifying who a deposit belongs to depends entirely on that string of numbers.
When depositing $XRP to an exchange, you generally need to enter both the address and the Destination Tag.
Only install apps on your computer through official channels. Don’t download software from unknown sources.
#XRP
A Destination Tag on the XRP Ledger is a 32-bit unsigned integer that platforms commonly use to distinguish between users who share the same receiving address.
Using a shared address with a Memo means exchanges have fewer addresses to manage, but it also means that identifying who a deposit belongs to depends entirely on that string of numbers.
When depositing $XRP to an exchange, you generally need to enter both the address and the Destination Tag.
Only install apps on your computer through official channels. Don’t download software from unknown sources.
#XRP