Whether using a wallet or an exchange, when users initiate deposits and withdrawals, it's crucial to input the correct address. However, for certain digital assets, along with the address, users mustWhether using a wallet or an exchange, when users initiate deposits and withdrawals, it's crucial to input the correct address. However, for certain digital assets, along with the address, users must
Learn/Cryptocurrency Knowledge/Basic Concepts/What are Memos/Tags?

What are Memos/Tags?

Jul 16, 2025MEXC
0m
Share to
#Basic Concepts
Ambire Wallet
WALLET$0.02342+0.25%
Tagger
TAG$0.0004732-1.06%
SPACE ID
ID$0.1133+0.98%
MAY
MAY$0.02836-4.51%
WHY
WHY$0.0000000274+10.08%

Whether using a wallet or an exchange, when users initiate deposits and withdrawals, it's crucial to input the correct address. However, for certain digital assets, along with the address, users must also include a Memo. The Memo is a unique numerical or string identifier ensuring the deposit address's uniqueness, sometimes referred to as a label, tag, message, or payment ID. It pairs with the deposit address, and any mismatch may result in failed transactions and potential asset losses. Therefore, it is essential to diligently provide accurate Memo information.

1. Why Include a Memo?


It's necessary to include a Memo because—for specific tokens such as XRP—the platform uses the same address for all users. To differentiate deposited assets for individual users at this address, the platform generates a unique Memo for each user, streamlining effective management. Additionally, certain projects may require the inclusion of a Memo when performing transfer operations.

2. Crypto with Memos on MEXC


The following are common tokens with Memos that are listed on MEXC: XRP, XLM, ATOM, CRO, HBAR, EOS, BTS, TON, and many others.

3. Important Considerations When Adding a Memo


3.1 The Memo corresponds one-to-one with the deposit and withdrawal addresses, ensuring the uniqueness of these addresses. Filling it incorrectly or omitting it may result in potential asset loss.

3.2 When selecting the deposit network, ensure that the withdrawal network on other trading platforms or wallets is consistent with the deposit network on MEXC. Otherwise, it may lead to the loss of your assets.

3.3 Some tokens or networks may not necessitate a Memo. Please adjust your actions during deposits or withdrawals based on the specific conditions. If no Memo is needed for withdrawals, choose "No Memo." If a Memo is necessary, ensure both the address and Memo are filled in together. Otherwise, it may lead to the loss of your assets.

4. How to Correctly Fill Out the Memo—Deposits


Let's take an XRP deposit as an example.

4.1 On the Website:


Enter the deposit page, select [XRP] as the crypto, and the "Ripple (XRP) Deposit Reminder" pop-up will appear. Check the box next to "I am aware of the above risks" and click [Confirm].


Select [XRP] as the network, and click [Display Address & Memo] in the "Deposit Address" section.


After generating the address, copy the deposit address and Memo/Tag to the corresponding withdrawal platform.


4.2 On the App:


On the app's "Wallets" page, tap [Deposit], enter "XRP" in the search box to find the XRP token you want to deposit.

In the deposit reminder pop-up window, tap [I am aware of the above risks]. Then, tap [Display Address & Memo], and an address will be generated.

Copy the deposit address and Memo/Tag to the corresponding withdrawal platform, and verify whether the network is consistent. Confirm whether you are depositing into a spot account or a futures account, and complete the XRP asset deposit.


5. How to Correctly Fill Out the Memo—Withdrawals


Let's take an XRP withdrawal as an example.

5.1 On the Website:


Enter the withdrawal page, select [Address] under "Withdraw To," fill in the fields "Address" - "Network" - "[Memo/Tag] Identifier" - "Amount," and click [Submit].
(If your XRP address does not require a Memo, you can check the box for "No [Memo/Tag] Identifier" and proceed with the withdrawal.)


5.2 On the App:


On the app's "Wallets" page, tap [Withdraw], enter "XRP" in the search box to find the XRP token you want to withdraw, and select [On-chain Withdrawal] as the withdrawal method.

On the withdrawal page, enter the withdrawal address, select XRP as the withdrawal network, input the Memo/Tag identifier, and input the withdrawal amount. After confirming that the information is correct, tap [Confirm]. (If your XRP address does not require a Memo, you can check the box for "No [Memo/Tag] Identifier" and proceed with the withdrawal.)


The information above covers the basics of Memos and their importance. Making sure to fill it in properly is crucial. If you have not filled in or entered the Memo/Tag incorrectly, you can refer to the article "Applying to Recover a Deposit Due to an Unfilled/Incorrectly Filled Memo/Tag" for retrieval instructions. If you have withdrawn to the wrong address or filled in the Memo incorrectly, you can find solutions in the article "What If I Withdraw To the Wrong Address Or Enter the Wrong Memo?"

Disclaimer: This information does not provide advice on investment, taxation, legal, financial, accounting, consultation, or any other related services, nor does it constitute advice to purchase, sell, or hold any assets. MEXC Learn provides information for reference purposes only and does not constitute investment advice. Please ensure you fully understand the risks involved and exercise caution when investing. The platform is not responsible for users' investment decisions.

Popular Articles

Bitcoin (BTC): Complete Guide to the World’s First Cryptocurrency

Bitcoin (BTC): Complete Guide to the World’s First Cryptocurrency

Bitcoin has transformed from an experimental digital currency worth fractions of a penny to a revolutionary financial asset reaching new record highs in 2025. As the world’s first cryptocurrency, Bitc

What is the x402 Protocol? Understanding the 5 Core Advantages of HTTP-Native Payment Standards

What is the x402 Protocol? Understanding the 5 Core Advantages of HTTP-Native Payment Standards

TL;DR1）The x402 protocol activates the HTTP 402 status code that has been dormant for 30 years, enabling native internet payment capabilities.2）Zero protocol fees and 2-second settlement times fundame

What is Ethereum and How Does it Work? Complete Guide to ETH Price and Investment

What is Ethereum and How Does it Work? Complete Guide to ETH Price and Investment

Ethereum stands as the world’s second-largest cryptocurrency by market capitalization and the foundational platform powering the decentralized web revolution. This comprehensive guide explores everyth

What is XRP? Complete Guide to Ripple’s Cryptocurrency and Prediction

What is XRP? Complete Guide to Ripple’s Cryptocurrency and Prediction

XRP stands as one of the world’s largest cryptocurrencies, currently ranking as the 3 digital asset by market capitalization with over $180 billion in total value. Unlike traditional cryptocurrencies

Hot Crypto Updates

BitcoinOS (BOS) Price: Market Updates and Trends

BitcoinOS (BOS) Price: Market Updates and Trends

The BitcoinOS (BOS) price reflects how the token is performing in today's fast-moving crypto market. In this article, we'll review its current value, recent performance, and the factors shaping BOS's

BitcoinOS (BOS) Overview: Unlocking Bitcoin's Potential

BitcoinOS (BOS) Overview: Unlocking Bitcoin's Potential

BitcoinOS (BOS) is an innovative project designed to enhance Bitcoin's capabilities by integrating zero-knowledge proofs and smart contract functionality. This article will explore BOS's key milestone

BitcoinOS (BOS) Real-Time Price and Market Analysis

BitcoinOS (BOS) Real-Time Price and Market Analysis

The crypto market moves fast, and the live BitcoinOS (BOS) price helps traders stay up to date. This article highlights today's trading price, short-term performance, and the main factors influencing

BitcoinOS (BOS) Real-Time Price and Market Analysis

BitcoinOS (BOS) Real-Time Price and Market Analysis

The real-time BitcoinOS (BOS) price gives traders immediate visibility into market shifts as they happen. This article examines the token's current real-time value, short-term volatility, and how trad

Trending News

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

The post Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s new roadmap was presented by

Zcash krijgt privacylaag op Solana – ZEC koers explodeert met DeFi privacy revolutie

Zcash krijgt privacylaag op Solana – ZEC koers explodeert met DeFi privacy revolutie

i Kennisgeving: Dit artikel bevat inzichten van onafhankelijke auteurs en valt buiten de redactionele verantwoordelijkheid van BitcoinMagazine.nl. De informatie is bedoeld ter educatie en reflectie. D

BitGo lists HYPE token for trading

BitGo lists HYPE token for trading

The post BitGo lists HYPE token for trading appeared on BitcoinEthereumNews.com. Key Takeaways BitGo has added HYPE token to its supported trading assets. HYPE is the native token of the Hyperliquid p

UK Financial Ltd. Introduces a Revolutionary Tokenized Reserve Bank for Maya Preferred RP Gold Assets

UK Financial Ltd. Introduces a Revolutionary Tokenized Reserve Bank for Maya Preferred RP Gold Assets

UK Financial Ltd launches the Maya Preferred Reserve Protocol (RP) as blockchain’s first organized Reserve Bank for Gold Assets. Built on Ethereum, this system merges Maya Preferred’s gold-backed digi

Related Articles

What is the x402 Protocol? Understanding the 5 Core Advantages of HTTP-Native Payment Standards

What is the x402 Protocol? Understanding the 5 Core Advantages of HTTP-Native Payment Standards

TL;DR1）The x402 protocol activates the HTTP 402 status code that has been dormant for 30 years, enabling native internet payment capabilities.2）Zero protocol fees and 2-second settlement times fundame

What is Ventuals? The First On-Chain Derivatives Protocol for Private, Pre-IPO Company Valuations

What is Ventuals? The First On-Chain Derivatives Protocol for Private, Pre-IPO Company Valuations

TL;DR1) Ventuals is the first on-chain perpetual futures protocol built on the HIP-3 standard, enabling long and short trading on the valuation of private, pre-IPO companies.2) vHYPE serves as the cor

What is MAITRIX (REDACTED)? A Stablecoin Protocol for Decentralized AI

What is MAITRIX (REDACTED)? A Stablecoin Protocol for Decentralized AI

TL;DR1) MAITRIX: An intelligent stablecoin protocol for decentralized AI, aiming to serve as the foundational DeFAI financial infrastructure layer.2) Dual-Layer Architecture: Composed of a Stablecoin

Master these 6 methods to choose "cryptocurrency futures trading pairs" and make your futures trading no longer confused

Master these 6 methods to choose "cryptocurrency futures trading pairs" and make your futures trading no longer confused

As one of the world's leading cryptocurrency exchanges, MEXC is committed to providing users with high-quality investment options. Choosing the right investment target for futures trading is the prima

Sign Up on MEXC
Sign Up & Receive Up to 10,000 USDT Bonus