what is memo in crypto transfer

Last Updated on November 20, 2023 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 …

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, …

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 to …

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 …

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 …

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.

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.

How to Send and Receive XRP and XLM?

How to Send and Receive XRP and XLM?

Destination tag/Memo is an additional address feature necessary for identifying your recipient beyond the XRP/XLM wallet address on a centralized exchange …