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what is memo in crypto

Last Updated on February 17, 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 …

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

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

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.

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 …

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 …

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.

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

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

If you’re a cryptocurrency exchange user and have gone to deposit Steller (XLM), Cosmos (ATOM), or a variety of other cryptocurrencies, the …

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.