What is a Tag/Memo/Note?

Certain cryptocurrencies require a memo, tag, or note when sending from one wallet to another wallet. The main reason for this is that it allows the wallet provider to know which account the cryptocurrency belongs to. This is especially applicable for exchange wallets, as the exchanges use the tag, memo, or note to link a wallet to the account of the associated customer. Some networks use a tag others do not.

Note: If the tag/memo is not entered correctly, this could lead to a loss of cryptocurrencies.

List of cryptocurrencies where adding the tag or memo is required on Coinmerce:

Cryptocurrency Symbol Network
Binance coin (BNB) BNB Beacon chain (BEP2)
Aeron (ARN) BNB Beacon chain (BEP2)
Contentos (COS) BNB Beacon chain (BEP2)
Chiliz (CHZ) BNB Beacon chain (BEP2)
Dusk Network (DUSK) BNB Beacon chain (BEP2)
Gifto (GTO) BNB Beacon chain (BEP2)
Mithril (MITH) BNB Beacon chain (BEP2)
Stellar (XLM) Stellar
Ripple (XRP) Ripple
Cosmos (ATOM) Cosmos
Kava (KAVA) Kava
Injective (INJ) Injective Protocol
Hedera Hashgraph (HBAR) Hedera Hashgraph