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

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.

Market Opportunity

Ambire Wallet Price(WALLET)

$0.0122

$0.0122$0.0122

0.00%

USD

Ambire Wallet (WALLET) Live Price Chart

Hot Crypto Updates

MEXC Wallet: Comprehensive Web3 Asset Management Solution

MEXC Wallet positions itself as a comprehensive Web3 asset management solution that evolved from early wallet offerings into a full-featured, multi-chain self-custody platform serving millions of

2025/12/29

Zcash Wallet: Your Complete Guide to Storing ZEC Safely

A Zcash wallet is a digital tool that lets you store, send, and receive ZEC coins securely. Think of it as your personal bank account for Zcash, where you hold the keys to your privacy-focused

2025/12/08

BEEG Airdrop Hunter Complete Guide 2026: Practical Strategies for Free Cryptocurrency

Key Takeaways Cryptocurrency airdrops are project marketing strategies distributing free tokens to attract users and build communities Sui ecosystem offers active airdrop opportunities including

2025/12/01

Beeg Blue Whale (BEEG) Whale Tracking & Smart Wallet Analysis Guide: Following Smart Money

Executive Summary In cryptocurrency markets, "whales" (large token holders) often signal price trends. For Beeg Blue Whale (BEEG) investors, learning to track whale activity and analyze smart wallets

2025/11/29

What are Memos/Tags?

1. Why Include a Memo?

2. Crypto with Memos on MEXC

3. Important Considerations When Adding a Memo

4. How to Correctly Fill Out the Memo—Deposits

4.1 On the Website:

4.2 On the App:

5. How to Correctly Fill Out the Memo—Withdrawals

5.1 On the Website:

5.2 On the App:

Popular Articles

Should I Sell XRP? A Realistic Look at Your Investment Decision

What Banks Use XRP? Complete List of Financial Institutions Using Ripple

Who Created XRP? The Complete Story Behind Ripple's Digital Asset

How Does XRP Work? A Beginner's Guide to Ripple's Cryptocurrency

Hot Crypto Updates

MEXC Wallet: Comprehensive Web3 Asset Management Solution

Zcash Wallet: Your Complete Guide to Storing ZEC Safely

BEEG Airdrop Hunter Complete Guide 2026: Practical Strategies for Free Cryptocurrency

Beeg Blue Whale (BEEG) Whale Tracking & Smart Wallet Analysis Guide: Following Smart Money

Trending News

Safe and Ethena Labs Boost USDe Rewards with Gas-Free Ethereum Deals

WalletConnect Pay Integrates Ingenico Terminals to Expand Real‑World Stablecoin Usage

Former New York Mayor’s NYC memecoin rugpulls investors at launch, and the method used was shockingly brazen

Ethereum Wallet Creation Shatters Records with 327,000 New Users Daily, Fueled by Groundbreaking Upgrade

Related Articles

Dogecoin vs Bitcoin: Key Differences in Volatility, Supply, and Trading Dynamics

Common Dogecoin Trading Mistakes Beginners Make and How to Avoid Them

How to Store Dogecoin (DOGE) Safely: Practical Wallet Guide & Risk Prevention Tips

Dogecoin (DOGE) Spot vs. Futures Trading: Which Suits Your Risk Profile?