Destination Tag
A Destination Tag is an additional numeric identifier commonly used by XRP services to identify the intended customer when multiple users share the same XRP Ledger address.
✦ Key Insight
Omitting or entering the wrong tag can prevent an exchange from automatically crediting your XRP deposit.
✕ Common Misconceptions
Never reuse a tag from another account or assume a previous tag is still valid. Follow the current deposit instructions shown by the receiving platform.
Detailed Explanation
In Practice
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Memo
A memo is additional transaction data that some blockchain networks and custodial services use to identify, describe or route a payment.
Omnibus Wallet
An omnibus wallet is a shared blockchain wallet in which a custodian pools funds for multiple customers while tracking each customer's balance in its internal records.
Transaction Hash (TxID)
A transaction hash or TxID is a unique identifier used to locate and verify a specific blockchain transaction.
Memo or destination tag
A memo or destination tag is an extra identifier some crypto services use to assign a deposit sent to a shared blockchain address to the correct customer account.