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Why do some digital assets require notes (Memo/Tag) to be filled in when depositing or withdrawing?

For the convenience of management or project requirements, the platform assigns different tags/remarks (Memo/Tag) to the recharge addresses of some currencies of users. Memo is a digital string that ensures the uniqueness of the recharge address, which appears in pairs with the recharge address and corresponds one to one. When recharging, you need to fill in not only the recharge address, but also the memo tag.
 
Note:
When recharging, you need to fill in the address and label of the currency correctly. If the label is filled in incorrectly, it may not be credited normally. You need to contact the online customer service in time or submit problem feedback, submit the recharged currency, quantity, correct label and incorrect label, and the hash value of the transaction, and an engineer will follow up and handle it.
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Last modified: 2025-01-06Powered by