🔥 Wallet and security tips: Memos and tags
Using a shared address with a Memo lets exchanges avoid managing a large number of addresses. The tradeoff is that figuring out who a deposit belongs to depends entirely on that note.
When depositing to an address that requires a Memo for the first time, you can try a small amount first to see if it gets credited.
When depositing $XRP to an exchange, you usually need to enter both the address and the destination tag (Tag). Currently 1.402.
If you found this useful, save it so you can come back to it later.
#XRP
Do your own research before placing an order.
Using a shared address with a Memo lets exchanges avoid managing a large number of addresses. The tradeoff is that figuring out who a deposit belongs to depends entirely on that note.
When depositing to an address that requires a Memo for the first time, you can try a small amount first to see if it gets credited.
When depositing $XRP to an exchange, you usually need to enter both the address and the destination tag (Tag). Currently 1.402.
If you found this useful, save it so you can come back to it later.
#XRP
Do your own research before placing an order.