What is Destination Tag (Memo)

What is it? A Destination Tag (or Memo/Payment ID) is a supplementary identifier for cryptocurrency wallets.

Purpose: Used for accurate fund routing, especially when Godbex uses shared wallets for certain cryptocurrencies. The tag ensures funds reach your specific account within the shared wallet.

Importance: Crucial for transactions involving EOS, Ripple (XRP), Stellar Lumens (XLM), Binance Coin (BNB), Monero (XMR).

Consequences of Omission: Funds may be misdirected to Godbex’s general wallet, not your account. Recovery may be complex or impossible.

Key Point: Always provide the correct Destination Tag/Memo for required cryptocurrencies to guarantee proper deposit crediting and prevent potential fund loss.