🐋 Beyond watching the market, this is useful to know: Memos and tags
An XRP Ledger destination tag is a 32-bit unsigned integer that platforms typically use to distinguish different users who share the same receiving address.
A memo/tag is simply a note for the recipient. The blockchain does not check whether its contents are correct, so a transfer will still go through even if you enter it incorrectly.
When depositing $XRP to an exchange, you usually need to enter both the address and the destination tag.
Treat any “customer support” representative who contacts you out of the blue as suspicious. Legitimate platforms will never ask for your recovery phrase.
An XRP Ledger destination tag is a 32-bit unsigned integer that platforms typically use to distinguish different users who share the same receiving address.
A memo/tag is simply a note for the recipient. The blockchain does not check whether its contents are correct, so a transfer will still go through even if you enter it incorrectly.
When depositing $XRP to an exchange, you usually need to enter both the address and the destination tag.
Treat any “customer support” representative who contacts you out of the blue as suspicious. Legitimate platforms will never ask for your recovery phrase.