Last Updated on October 25, 2023 by Paganoto
Memo & Extra ID: What Are they and Why It's Important
Memo & Extra ID: What Are they and Why It's Important
A memo is a term used in the cryptocurrency world to refer to an additional feature required to identify a transaction recipient beyond a wallet address. It ties a transaction to a particular sender and gives the recipient an easy time identifying them. Note that a few cryptocurrencies use Memo ID.
What is a Stellar memo? – Wirex
What is a Stellar memo? – Wirex
A memo is a unique 9-digit figure assigned to each Stellar-based cryptocurrency account (e.g. XLM, WLO). It is used to identify the recipient in a …
Destination Tag/memo FAQ – Coinbase Help
Destination Tag/memo FAQ – Coinbase Help
What is a Destination Tag/Memo? … A Destination Tag/Memo is an additional address feature necessary for identifying a transaction recipient beyond a wallet …
What is a memo, destination tag, and message, and how do I …
What is a memo, destination tag, and message, and how do I …
A memo, destination tag, or message is used to identify a transaction in order to credit an account. For exchanges that have hundreds of thousands of customers, …
What is a Memo Tag? – Ledger Support
What is a Memo Tag? – Ledger Support
What is a Memo Tag? … A Memo or Destination Tag is an additional address property (numeric and/or string) that allows identifying the transfer …
Deposit MEMO – Binance.US
Deposit MEMO – Binance.US
A Deposit MEMO is an identifier code required in addition to a receive address when sending certain cryptocurrencies. Each MEMO code is tied …
Send and receive XLM: What is memo?
Send and receive XLM: What is memo?
What is a memo? … A memo is a message included with a transaction. This feature of Stellar allows users to communicate with each other on the …
What Are Memos? Do I Need One to … – Ask CryptoVantage
What Are Memos? Do I Need One to … – Ask CryptoVantage
To sum up, memos are identifiers used by centralized exchanges to figure out who to credit deposited funds to. They need them because they tend …
What is a memo for Stellar Lumens (XLM)? – BitFlyer
What is a memo for Stellar Lumens (XLM)? – BitFlyer
A memo is a value (text or ID) used to identify the holder of Stellar Lumens. The memo applies to both deposits and withdrawals.Your memo ca.
Fairly new to Crypto World – What is a "MEMO"? : r/Stellar
Fairly new to Crypto World – What is a "MEMO"? : r/Stellar
Memo is a “tag” which allows exchanges to differentiate their user’s transfers because they use the same wallet for their entire costumer base.
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.