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Support CenterCommon problemWhat is MEMO in Deposit and Withdrawal
What is MEMO in Deposit and Withdrawal
2022/03/08 14:42:15

1.  What is MEMO?


MEMO, it is also called Tag, which does not always exist, and it is only for specific tokens, such as XLM. On FAMEEX, every one’s wallet address for deposit is the same. If XLM is sent to particular user on FAMEEX, we cannot differentiate who belongs to this fund, so a uniqle MEMO (TAG) is generated for that specific user and it normally comprised of numbers. When a user try to deposit fund to his/her FAMEEX’s account, please remember to insert the MEMO to make sure the fund is deposited smoothly.


2. Why would I need to insert the MEMO?


When a user tries to deposit digital assets to his/her FAMEEX’s account, a MEMO could possibly be required to fill in, such as XLM and XRP. For these kinds of tokens, most of the mainstream exchanges would also require users to fill in, in order to deposit or withdraw successfully. If MEMO is not filled in, it could cause a failure in deposit or withdrawal.


Remarks: Please remember to fill in the MEMO, without a MEMO or inserting a wrong MEMO could cause losses in digital assets, please confirm it carefully.



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