What are Memo and Tag used for when transferring funds? Many people can’t explain it clearly!
If you forget to enter or enter the wrong Memo / Tag when depositing funds to an exchange, the assets generally won’t be credited automatically. You’ll need to contact the platform to request their recovery.
Using a shared address with a Memo lets exchanges avoid managing a large number of addresses. The trade-off is that identifying who a deposit belongs to depends entirely on that string of numbers.
Don’t photograph your seed phrase or save it in chat history.
$XRP 1.391（-0.2%）
#XRP
If you forget to enter or enter the wrong Memo / Tag when depositing funds to an exchange, the assets generally won’t be credited automatically. You’ll need to contact the platform to request their recovery.
Using a shared address with a Memo lets exchanges avoid managing a large number of addresses. The trade-off is that identifying who a deposit belongs to depends entirely on that string of numbers.
Don’t photograph your seed phrase or save it in chat history.
$XRP 1.391（-0.2%）
#XRP