Wallet and Security Tips: Memos and Tags
Using a shared address with a Memo means exchanges don’t have to manage a large number of addresses. The trade-off is that identifying who a deposit belongs to depends entirely on that note.
It’s best to copy and paste the Tag rather than enter it from memory—even one extra character can make the deposit impossible to identify.
When depositing $XRP to an exchange, you generally need to enter both the address and the destination tag (Tag).
What do you think? Join the discussion in the comments.
Using a shared address with a Memo means exchanges don’t have to manage a large number of addresses. The trade-off is that identifying who a deposit belongs to depends entirely on that note.
It’s best to copy and paste the Tag rather than enter it from memory—even one extra character can make the deposit impossible to identify.
When depositing $XRP to an exchange, you generally need to enter both the address and the destination tag (Tag).
What do you think? Join the discussion in the comments.
