- 03.03.2020

Xlm address tag

xlm address tagExodus creates a unique wallet address for each user and hence there is. In Stellar, the destination tag is called memo. Many custodial services, including Freewallet, have one XRP and XLM address for all customers.

Xlm address tag

When do I xlm address tag an extra identifier? Actually, an exchange process works like this: first, your coins go to an exchange platform, like if you make a deposit to it. It is given click for each user by an exchange xlm address tag to ensure that the platform knows where the funds come from and can exchange them successfully for another currency.

Xlm address tag

Custodial wallets do not allow users to have a full control over their funds. It is necessary to mention the xlm address tag on which they are xlm address tag based — there is one common wallet created for everyone.

Xlm address tag

If you are unsure whether your wallet requires this, it is strongly recommended to check it with your wallet provider before performing the xlm address tag.

On the other hand, you can be sure that no extra ID is needed when depositing your coins to some non-custodial wallets, like Guarda.

Xlm address tag

Having Guarda wallet means that you are the only one who owns it — your personal wallet has nothing to do with alien accounts and transactions.

Where do Xlm address tag find this extra identifier?

Xlm address tag

xlm address tag If you fail to find it — you should ask your wallet provider xlm address tag it. What if I forgot to put an extra identifier in when it was required? Your coins now have no exact address to go.

Xlm address tag

But the thing is — and one should always remember that — not all the platforms go here this flag. So here is the sad scenario: imagine chasing your XEM transfer to an exchange like many others who have xlm address tag address tag to specify a destination tag.

The result can be a loss of coins, or they may xlm address tag finally given back — but why should you risk?

Xlm address tag

What about you — have you ever been baffled with any special fields like destination tag or memo ID? Share your story xlm address tag the comments below!

Xlm address tag

To make an instant exchange with all the cryptocurrencies visit guarda. Guarda xlm address tag can stay cool, as well as users of other non-custodial wallets. Click here, we do ask all our users to pay special attention when sending funds xlm address tag their Guarda wallets to external services, as they might demand using an extra id.

Xlm address tag

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