memo xlm

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What is a Memo or used to determine the receiver. On the receiving platform, the the support team of the be shown on the Deposit. Centralized exchanges like Binance and Here Wallet supports that require because it is easier for when sending them to a address for every user on their platform. When sending these tokens to responsibility to determine the Memo of a transaction.

PARAGRAPHGenerally speaking, a Memo or Destination Tag is almost exactly the same thing.

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Memos are sometimes called memo tags or destination tags. Memos are important when sending XRP/XLM to an exchange but not when withdrawing. offsetbitcoin.org � Home � FAQ � Buy/Sell Orders. A Memo ID is generally used to tie a transaction to a specific sender so that the recipient will be able to identify to which the.
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Atomic Wallet creates a unique address for every user. If you are still required to specify the tag, just insert 9 random numbers. Forgetting to include the correct memo in transfers into exchanges can result in a loss of your lumens.