Article

What's a memo or tag? (OKX lite)

Published on Aug 10, 2023Updated on Jul 3, 20242 min read68

A memo or tag is typically a numeric string which is used to accurately identify the recipient of a transaction on a centralized exchange. This detail is required for crypto which uses Destination Tag technology, such as Ripple (XRP), Stellar (XLM), Cosmos (ATOM) etc.

When you deposit crypto to your OKX portfolio, you must enter the designated memo or tag, in addition to the deposit address. Failure to do so may cause your crypto to be lost permanently.

How do I know if a memo or tag is required?

When initiating a deposit of crypto, a memo or tag field may appear on the next screen. If it doesn't appear, then it's not necessary for the transaction.

On app: [Crypto] tag will appear on deposit page if it's required

Disclaimer
This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.

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