What is memo / tag?

A memo or tag is an additional identifier that needs to be entered alongside the address in some crypto networks so that the transfer reaches the correct account. If you send a transfer on a network requiring a memo without one or with an incorrect memo, your asset may be lost.

What is memo / tag?

A memo (or destination tag) is a numerical or alphanumeric identifier in some crypto networks that determines which account a transfer is routed to in setups where multiple users share the same wallet address. The address represents the "building" while the memo represents the "apartment number"; together they ensure that the transfer reaches the correct user.

Which crypto assets require memo or tag?

Memo or tag requirements vary by blockchain network. Among the assets supported on Paribu, the following require a memo or tag during transfer:

• XRP (Ripple) — Memo
• XLM (Stellar) — Memo
• ATOM (Cosmos) — Memo
• TON (Toncoin) — Memo
• A (Vaulta) — Memo
• SEI — Memo
• DYDX — Memo
• INJ (Injective) — Memo
• STX (Stacks) — Memo
• TIA (Celestia) — Memo
• AKT (Akash) — Memo

On the XRP network this field is called destination tag; on the others it is referred to as memo. On Paribu all these identifiers are shown under the Memo label. No memo or tag is entered on networks such as Bitcoin, Ethereum (ERC-20), Tron (TRC-20), Solana, BNB Smart Chain (BEP-20), and Avalanche C-Chain.

When you select a network in a deposit or withdrawal transaction, the memo or tag field is shown automatically if the selected network requires it. If it is not required, this field is not displayed.

Note: You can see whether a transfer requires a memo or tag on the network card on the network selection screen. The requirement is also marked next to the network name.

How is the memo used when depositing crypto?

When you deposit a crypto asset over a network requiring a memo to your Paribu account, you are given two pieces of information on the deposit screen: the wallet address and the memo. You need to enter both completely on the external platform you are sending the transfer from.

Deposit steps:

1. Select the asset on the deposit screen
2. Select the network requiring a memo (e.g., Ripple)
3. Copy the wallet address and the memo value separately
4. Paste the relevant values into both the address field and the memo field on the external platform you are sending from
5. Start the transfer

Warning: When depositing from a network requiring a memo, if you send without entering the memo your asset may be lost. This situation is highlighted with a red warning on the Paribu deposit screen.

How is the memo entered when withdrawing crypto?

When withdrawing from Paribu over a network requiring a memo, you enter the memo value provided by the recipient into the Memo field on the withdrawal form. The memo field is only shown if the selected network requires a memo; on networks where it is not required, this field is not opened.

Withdrawal steps:

1. Select the asset on the withdrawal screen
2. Enter or paste the recipient address
3. The Memo field appears when you select a network requiring a memo
4. Enter the memo value provided by the recipient in this field
5. Set the amount and confirm the transaction

The withdrawal form treats this field as mandatory if the recipient has provided a memo and does not let you complete the transaction without entering the memo.

What happens if I forget to enter the memo?

If you make a transfer on a network requiring a memo without entering the memo or with an incorrect memo, your asset will not reach the destination account. This applies to both deposits and withdrawals:

• Deposit: If you send from an external platform to Paribu without entering a memo, the asset is not automatically credited to your account.
• Withdrawal: If you send from Paribu to an external platform without entering a memo or with an incorrect memo, the asset cannot be routed to the recipient account.

In such cases, recovering the asset requires technical intervention between the platforms; the process can take time and may not always result favourably.

Where does the memo value come from?

The memo value is an identifier provided to you by the receiving party:

• If you are sending to an exchange: The exchange shows you both the wallet address and the memo value specific to that account on its deposit page. You need to use both in the same way.
• If you are sending to an independent wallet: The memo requirement varies by wallet and network. If the wallet provides you with a memo, use it; if not, you leave it empty (the wallet may not support memos).

The memo value is always generated by the recipient; you do not create it.

Frequently asked questions

Are memo and destination tag the same thing?

In practice they serve the same purpose. On the Ripple network this field is called destination tag; on other networks it may be referred to as memo or note. On Paribu all these identifiers are shown under the Memo label.

What happens if I write the memo incorrectly?

An asset sent with an incorrect memo may be routed to another user's account or rejected by the network. Copying and pasting the memo on the deposit screen directly is recommended.

What happens if I leave the memo empty on a network requiring it?

On Paribu, if the network requires a memo, the withdrawal form treats this field as mandatory and does not let you leave it empty. However, if you send from an external platform to Paribu without entering a memo, the asset is not credited to your account.

Can I send to the same address with different memos?

Yes. On networks requiring a memo, the same wallet address is shared by multiple accounts; each account is distinguished by its own memo. Transfers sent to the same address with different memos reach different accounts.

What happens if I accidentally enter a memo on a network that does not require one?

On networks not requiring a memo, the memo field is not displayed on Paribu's withdrawal form; therefore the situation of accidentally entering a memo does not apply. On external platforms, the memo field is left empty.

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Related articles

• How to make a crypto asset deposit — Crypto asset deposit steps
• How to make a crypto asset withdrawal — Crypto asset withdrawal steps
• What is the Travel Rule and why is it required for crypto transfers? — Travel Rule and its role in transfers
• What are the crypto withdrawal limits, fees, and times? — Crypto withdrawal limits, fees, and times