What is a memo/destination tag and when do I need it?
A memo (or destination tag) is an additional identifier required when sending certain cryptocurrencies like XRP, XLM, and EOS. Without it, the receiving exchange or wallet cannot identify your deposit, and your funds may be lost or require costly manual recovery.
Coins That Require Memo/Tag
- XRP (Ripple) — Destination Tag (numeric)
- XLM (Stellar) — Memo (text or numeric)
- EOS — Memo (text)
- ATOM (Cosmos) — Memo (text)
- BNB on BNB Beacon Chain — Memo (text)
What Happens Without a Memo
If you forget the memo/tag, your funds will arrive at the exchange's main wallet but won't be credited to your specific transaction. Recovery is possible but typically costs $50-100 in manual processing fees and takes 3-7 days. Always double-check both the address and memo before sending.
Related Articles
Did this answer your question?
Thank you for your feedback!
Still need help?
If this article didn't fully answer your question, our support team is here to help.
Contact SupportExpected response time: Within 2-4 hours