Folks, this is something you definitely need to understand: Memo and tags!
ATOM transfers on the Cosmos chain also have a Memo field, and many exchanges require you to fill it in when depositing ATOM.
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.
When transferring $XRP to an exchange, you’ll usually need to enter both the address and the destination tag (Tag).
Save this and take your time reading👇
Whether to buy is up to you; this is just for sharing.
ATOM transfers on the Cosmos chain also have a Memo field, and many exchanges require you to fill it in when depositing ATOM.
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.
When transferring $XRP to an exchange, you’ll usually need to enter both the address and the destination tag (Tag).
Save this and take your time reading👇
Whether to buy is up to you; this is just for sharing.
