If a tag/memo is required for the crypto you're sending, you must include it or the funds sent may be lost. Before you send crypto, please determine the need for a tag/memo.
What is a Destination Tag/Memo?
For certain blockchains, a Destination Tag/Memo is an additional address feature necessary for identifying a transaction recipient beyond a wallet address.
Why is this needed?
For cryptocurrencies that use destination tag/memo technology, most centralized exchanges (like Coinbase Exchange) use one single wallet address. The tag/memo is specific to a Coinbase account and we use it to determine the account a transaction should be credited to.
Which cryptocurrencies use Destination Tag technology?
The following cryptocurrencies supported on Coinbase utilize destination tag technology:
Cryptocurrency | Feature Name | Description |
Memo | Numeric only | |
Memo | Numeric only | |
Memo | Numeric only | |
Memo | Numeric only | |
Memo | Alpha-numeric | |
Memo | Alpha-numeric | |
Tag | Numeric only |
Do I need to include a Destination Tag or Memo when transacting with these currencies?
Yes. The Tag/Memo is mandatory for transactions for cryptocurrencies that use this technology. You must put in a correct Tag/Memo when receiving/depositing these funds into Coinbase, or this deposit may not be recognized.