basics
Memo / Tag
A unique identifier required by some centralized exchanges (like using XRP, EOS, ATOM) to identify your deposit.
Pitfall Alert
The Trap: "Forgot Memo = Lost Funds"
Sending XRP/EOS to Binance without a Memo means your money goes to Binance global wallet but they don’t know it’s YOURS. Recovery takes weeks and costs fees.
Pro Tip: Never ignore this warning. 40% of beginners lose funds here.