Why is just entering an address not enough when depositing some coins?
It’s worth understanding Memo and tags.
The shared-address-with-Memo design means exchanges don’t have to manage a huge number of addresses. The trade-off is that identifying who a deposit belongs to depends entirely on that string of numbers.
Only download mobile wallets from official sources; don’t install software from unknown sources.
When transferring $XRP to an exchange, you generally need to enter both the address and the destination tag (Tag).
I may not be right, so don’t take this as advice.
It’s worth understanding Memo and tags.
The shared-address-with-Memo design means exchanges don’t have to manage a huge number of addresses. The trade-off is that identifying who a deposit belongs to depends entirely on that string of numbers.
Only download mobile wallets from official sources; don’t install software from unknown sources.
When transferring $XRP to an exchange, you generally need to enter both the address and the destination tag (Tag).
I may not be right, so don’t take this as advice.