I can’t send my XRP, it is always asking for a kind of destination tag; I have no clue what that is. I’ve sent money, but they do not reach its recipient – support said that I need to indicate some kind of a memo. If this situation sounds familiar, this tutorial is definitely for you.
What is a destination tag and memo?
A destination tag is a special identifier used in XRP transactions. In Stellar, the destination tag is called memo. Many custodial services, including Freewallet, have one XRP and XLM address for all customers. The only difference is a special set of numbers called a destination tag, unique for each user.
When you are asked to enter your tag or memo, don’t ignore this action! Otherwise, your funds will be lost and sent to the overall balance of the platform but not to your account. Imagine the tag as your house number on a long street. You need to know the exact number of the building to make the package reach its final destination. The same goes for these coins.
Where can I find a memo and tag?
Ok finally, you’ve understood this difficult concept and are ready for action. You’ve been wondering where this destination tag is on Freewallet. Let’s take XRP as an example. It’s not hard to find, go to the “Receive” section of your wallet and press on the Ripple logo. You will find your deposit address and a generated destination tag in a pop-up window. Use this information to receive coins on your wallet. If you want to send your XRP to someone else, ask the recipient about their destination tag. The same goes for Stellar’s coin.
How can I ensure that my money won’t be lost?
Freewallet uses a destination tag and memo to identify customers and perform transactions. Just follow the simple rules and your XRP and XLM will be safe:
- If you are asked for a destination tag, don’t skip it, just fill it in. You need your exact identifier.
- Don’t fill in random numbers, if you do, your money will be lost or sent to another person with that exact tag you have typed.
- When you have generated a destination tag you can use it an unlimited number of times. Make sure that you haven’t generated a new one, to avoid any problems.
If you have faced any issues regarding operations with XRP or other coins, feel free to contact our support team.
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FAQs
Memo/destination tag is a feature that helps identify the user's wallet and verify the validity of the transactions, especially when using a shared wallet address or the same wallet address for multiple users. Memo/destination tag is only available for certain cryptocurrencies such as XRP, XLM, IOST, and BAND.
What is the destination tag in XRP wallet? ›
In a nutshell, an XRP tag is a unique 10-digit code assigned to each Luno Ripple (XRP) wallet. It's used to identify the receiver in a Ripple transaction, and it makes sure that the XRP reaches it's intended destination.
What is destination tag for XLM? ›
Destination tag/Memo is an additional address feature necessary for identifying your recipient beyond the XRP/XLM wallet address on a centralized exchange or wallet.
What is the difference between memo and tag in XRP? ›
Memos are sometimes called memo tags or destination tags. Memos are important when sending XRP/XLM to an exchange but not when withdrawing crypto from an exchange to your Ledger account. You must include a memo with your transaction when sending XRP/XLM to an exchange from your Ledger wallet.
What happens if I send XRP without destination tag? ›
There are several moments that you should pay attention to when depositing XRP to your Cryptopay account. Basically, there are two common mistakes: sending funds without a destination tag and sending funds with a wrong destination tag. But both of them lead to the same undesirable result: funds will be lost.
What is the destination tag in XRP memo? ›
Memo/destination tag is a feature that helps identify the user's wallet and verify the validity of the transactions, especially when using a shared wallet address or the same wallet address for multiple users. Memo/destination tag is only available for certain cryptocurrencies such as XRP, XLM, IOST, and BAND.
What is a destination tag example? ›
Destination tags indicate the beneficiary or destination for a payment. For example, a payment to an exchange or stablecoin issuer address can use a destination tag to indicate which customer to credit for the amount of the payment in that business's own systems.
What is a destination tag or memo? ›
A Destination Tag/Memo is an additional address feature necessary for identifying a transaction recipient beyond a wallet address. Why is this needed? For cryptocurrencies that use destination tag/memo technology, most centralized exchanges (like Coinbase) use one wallet address for all traders.
Do I need a destination tag to send XRP to trust wallet? ›
An XRP tag is kind of like an apartment number for your XRP in Trust Wallet. It's not always necessary, but some exchanges or platforms might require it to properly send your XRP to your wallet.
What happens if I send crypto without a memo? ›
If a tag/memo is required for the crypto you're sending, you must include it or the funds sent may be lost. Before you send crypto, please determine the need for a tag/memo.
Sending XRP to your Ledger XRP account from an exchange usually doesn't necessitate a memo/destination tag, but some exchanges may require one. If required, you can input any string of characters or numbers as the memo, such as '0000' or '1111'. Bear in mind, some exchanges only transfer to activated addresses.
Why 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.
How do I know my XRP tag? ›
Go to Wallet > XRP > Deposit. You will see all your transaction details (QR code, XRP address, and Destination Tag) to copy and paste them.
Do I need a memo to transfer XRP? ›
Always ensure to include the correct Memo Id/ Destination Tag before sending your XRP withdrawal. Leaving out this information will lead to significant delays in crediting the transaction to your account and can be irretrievable in certain cases.
What format is the destination tag in XRP? ›
In transactions, both source and destination tags are formatted as 32-bit unsigned integers. Destination tags indicate the beneficiary or destination for a payment.
How to recover XRP sent without a tag? ›
I forgot to attach a destination tag to my transaction, what can I do? Don't worry, your funds are not lost and can be recovered by the exchange. Please reach out to the exchange's support team directly. In your email, make sure to include the transaction ID in plain text (no screenshots).
What is the destination tag in XRP Coinbase wallet? ›
Ripple (XRP) destination tags are a feature of the XRP network that allows a specific identifier to be attached to a transaction. This is often used to distinguish individuals or particular payments.
How to find destination tag? ›
Where can I find the destination tag?
- Go to your portfolio and choose the crypto account associated with the asset you want to deposit.
- Tap on the ellipsis (...) or the additional options menu.
- Select "Wallet Address" to generate a page displaying the crypto address and the destination tag/memo.
Accounts in the XRP Ledger are identified by an address in the XRP Ledger's base58 format. The address is derived from the account's master public key, which is in turn derived from a secret key. An address is represented as a string in JSON and has the following characteristics: Between 25 and 35 characters in length.
