A Destination Tag/Memo serves as an important address feature that helps identify the recipient of a transaction beyond the wallet address itself. It’s used by networks such as HBAR, XRP, and XLM.
When buying or selling cryptocurrency, it's crucial to input the correct destination tag. This tag/memo ensures that the funds are directed to the right wallet.
- Buying crypto: Make sure to enter your destination wallet’s tag or memo. This guarantees that the funds reach the wallet you specified.
- Selling crypto: Similarly, when selling, you must include our destination tag or memo to ensure the funds are credited to our wallet, allowing us to complete your transaction smoothly.
Always double-check the destination tag or memo to avoid any issues or delays with your transactions!