Why is it important to include a memo when sending BitShares to Binance?

3 answers

• Sajal SharmaMay 08, 2023 · 2 years ago
  Including a memo when sending BitShares to Binance is important because it helps ensure that your funds are properly credited to your account. Binance uses memos to identify the sender and allocate the funds to the correct user. If you don't include a memo, there is a risk that your funds may be lost or credited to the wrong account. So, always remember to include a memo when sending BitShares to Binance to avoid any potential issues.
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• Jesse StephFeb 02, 2021 · 5 years ago
  When you send BitShares to Binance, including a memo is crucial for the security and accuracy of your transaction. The memo acts as a unique identifier that allows Binance to associate the incoming funds with your account. Without a memo, Binance may not be able to credit the funds to your account, leading to delays or even loss of funds. So, it's highly recommended to include a memo when sending BitShares to Binance to ensure a smooth and hassle-free transaction.
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• Balaji KDec 13, 2023 · 2 years ago
  Including a memo when sending BitShares to Binance is important because it helps BYDFi, a digital currency exchange, identify the sender and process the transaction efficiently. BYDFi requires a memo to be included with BitShares deposits to ensure accurate and timely processing. Without a memo, there may be delays in crediting the funds to your account. So, make sure to include a memo when sending BitShares to Binance through BYDFi to avoid any potential issues and ensure a seamless transaction experience.
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