How does the deposit tag work when sending coins to Binance?

3 answers

• Mar 18, 2022 · 3 years ago
  The deposit tag is a unique identifier used by Binance to allocate deposits to the correct user account. It is typically required for certain coins that share the same address for all users. When you send coins to Binance, you need to include the deposit tag along with the destination address. This allows Binance to differentiate between different users and credit the correct account. Not all coins require a deposit tag, so it's important to check the specific requirements for the coin you are depositing.
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• Mar 18, 2022 · 3 years ago
  The deposit tag is like a memo or a note that you attach to your deposit when sending coins to Binance. It helps Binance identify the recipient and allocate the funds to the correct account. Think of it as a reference number that ensures your deposit is credited to the right place. Without the deposit tag, Binance may not be able to process your deposit correctly, and you could risk losing your funds. So, always double-check if the coin you are depositing requires a deposit tag and make sure to include it when sending your coins.
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• Mar 18, 2022 · 3 years ago
  When sending coins to Binance, the deposit tag is an additional piece of information that you need to provide along with the destination address. It acts as a unique identifier to ensure that your deposit is correctly assigned to your account. The deposit tag is typically required for coins that share the same address for all users, as it helps Binance differentiate between different users' deposits. However, not all coins require a deposit tag, so it's important to check the specific instructions provided by Binance for the coin you are depositing. Remember to include the deposit tag when making your deposit to avoid any delays or issues.
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