Articles on: Deposit/withdrawals

What is a Destination Tag/Memo/Note?

A Destination Tag/Memo/Note is an additional address feature necessary for identifying a transaction’s recipient beyond a wallet address. For some cryptocurrencies, the tag/memo/note is displayed below your wallet address and is used to determine the individual Finst account a transaction should be credited to.

**The Tag/Memo/Note is mandatory when depositing cryptocurrencies that use this technology. You must add the correct Tag/Memo/Note when depositing these cryptocurrencies to your Finst wallet. **

Currently, the cryptocurrencies that require tag/memo/note at Finst are:

Algorand (ALGO) – Note

Ripple (XRP) – Tag

Warning: Without the correct Tag/Memo/Note, your cryptocurrencies may not be credited to your account and may even be lost.

Updated on: 30/05/2025

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