Why do some digital assets require a Memo/Tag?

Why do some digital assets require a Memo/Tag?

OKX Tutorial Team

Why do some digital assets require a Memo/Tag?

For easy management or as required by the project, the platform assigns different labels/tags (Memo/Tag) to deposit addresses for some of the user's cryptocurrencies. A Memo is a unique digital string that ensures deposit address uniqueness — it appears in pair with the deposit address and corresponds to it one-to-one. When depositing, you must fill in not only the deposit address but also the memo tag.

Why some digital assets require a Memo/Tag png

Important Notes

When depositing, be sure to correctly fill in both the address and the tag for that cryptocurrency. If the tag is filled in incorrectly, the deposit may not arrive normally. Contact Customer Support or submit a Problem Report immediately, providing the deposited cryptocurrency, amount, the correct tag, the incorrectly entered tag, and the trading hash of that transaction. An engineer will follow up on the case.

Disclaimer

This article may contain product-related information that does not apply to your region. This article is provided for general informational purposes only and does not make any representation as to the accuracy or completeness of any information herein. The views expressed in this article are solely those of the author and do not constitute the opinions of OKX. This article is not intended to provide, and should not be relied upon as, any form of advice, including but not limited to: (i) investment advice or investment recommendations; (ii) offers or solicitations to buy, sell, or hold digital assets; or (iii) financial, accounting, legal, or tax advice. Holdings in digital assets (including stablecoins) involve a high degree of risk and are subject to volatile price fluctuations that could cause the value of such assets to drop significantly or even become worthless. You should carefully consider whether trading or holding digital assets is appropriate for you based on your own financial circumstances. Please consult your legal/tax/investment professional regarding questions specific to your situation. The information contained in this article (including market data and statistics, if any) is provided for general reference purposes only. While all reasonable precautions have been taken in preparing these data and charts, we do not accept any responsibility for any factual errors or omissions expressed herein. © 2025 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less may be used, provided that such use is for non-commercial purposes only. Any reproduction or distribution of the entire article must also include the following attribution: "This article is copyright © 2025 OKX, used with permission." Permitted excerpts must cite the article title and include the source attribution, e.g., "Article Title, [Author Name (if applicable)], © 2025 OKX". Some content may be generated or assisted by artificial intelligence (AI) tools. Derivative works and other uses of this article are not permitted.

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