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Deposit Tag Document For Free

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Deposit Tag Document For Free FAQ

What does tag mean when sending crypto?

A Destination Tag or Memo is a unique identifier used to differentiate between transactions to the same recipient address on the same cryptocurrency network.

What is tag when withdrawing crypto?

A Memo/Destination Tag is required when sending your coins to a centralized exchange (for example Coinbase). Many exchanges are using only one or just a few receiving addresses for the deposits. Therefore, they need a tag/memo to determine to which account they should credit the received funds.

What is withdrawal tag?

Why do I need to fill in tags (tag/memo) when I withdraw or deposit certain cryptos? OKX. . Tag (tag/memo) is an unique digital string used to identify deposit address. It ensures the funds are credited to the correct address.

What is XRP withdrawal tag?

A destination tag is a value used to discern the holder of the Ripple (XRP) being deposited or withdrawn. Your destination tag can be found by selecting Account Funding, Ripple (XRP), and Deposit. Please be aware that deposits of Ripple (XRP) will not be reflected to your account if the destination tag is omitted.

Do I need an XRP tag?

When sending in XRP to exchanges, it is necessary to add your destination tag to ensure the deposit is matched to your account. When sending funds to an XRP exchange address, make sure you use the destination tag provided by the exchange. BitPay wallets and personal wallets in general do not use tags.

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