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what is a memo when sending crypto

Last Updated on January 9, 2024 by Paganoto

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 transaction. When sending the Stellar-based cryptocurrency, you need to provide the following information: the target account's address. the target account's memo.

Destination Tag/memo FAQ – Coinbase Help

Destination Tag/memo FAQ – Coinbase Help

A Destination Tag/Memo is an additional address feature necessary for identifying a transaction recipient beyond a wallet address. Why is this needed?

What is a memo, destination tag, and message, and how do I …

What is a memo, destination tag, and message, and how do I …

1: Go to the wallet of the crypto that you want to send with a memo or destination tag, then tap Send. · 2: a) Enter the amount you wish to send and b) tap Enter …

What is a Memo Tag? – Ledger Support

What is a Memo Tag? – Ledger Support

A Memo or Destination Tag is an additional address property (numeric and/or string) that allows identifying the transfer recipient behind…

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?

A memo is a message included with a transaction. This feature of Stellar allows users to communicate with each other on the global public ledger …

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 …

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 can be found by …

What Are Memos? Do I Need One to … – Ask CryptoVantage

What Are Memos? Do I Need One to … – Ask CryptoVantage

If you are sending the funds to an exchange, then you may have a problem on your hands. Centralized exchanges are likely only using one or two …

What is a Memo in Cryptocurrency? 2-Minute Explanation

What is a Memo in Cryptocurrency? 2-Minute Explanation

A Memo is a unique identifier used by some cryptocurrencies like EOS, XRP & XLM to make sure that funds are sent to the right account in addition to the …