What is a ripple deposit tag on Binance and how does it work?

3 answers

• Foysal Ahmed RajuJan 28, 2023 · 3 years ago
  A ripple deposit tag is a unique identifier required when depositing Ripple (XRP) into your Binance account. It ensures that your XRP deposit is correctly credited to your account. When you deposit XRP to Binance, you need to include both the destination tag and the Binance XRP deposit address. The destination tag is like a memo or a note that helps Binance identify the depositor. Without the correct destination tag, your XRP deposit may not be credited to your account. Make sure to double-check the destination tag before making a deposit to avoid any issues.
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• Lucas PereiraJun 14, 2024 · a year ago
  A ripple deposit tag is a way for Binance to differentiate between different users' deposits of Ripple (XRP). It is similar to a reference number or a memo that you include when making a bank transfer. The deposit tag ensures that your XRP deposit is correctly associated with your Binance account. Without the deposit tag, Binance may not be able to credit your XRP deposit to your account. It is important to include the correct deposit tag when making a deposit to Binance to avoid any delays or issues with your transaction.
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• ag2023Jul 04, 2021 · 4 years ago
  When depositing Ripple (XRP) on Binance, you need to include a ripple deposit tag along with the Binance XRP deposit address. The deposit tag is a unique identifier that helps Binance identify the depositor and correctly credit the XRP deposit to the respective account. It is important to include the correct deposit tag to ensure that your XRP deposit is successfully processed. Without the deposit tag, Binance may not be able to credit your XRP deposit to your account. Make sure to double-check the deposit tag before initiating the deposit to avoid any potential issues.
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