Memos play an important role in Stellar (XLM), Ripple (XRP), The Open Network (TON) and Stacks (STX) transactions by allowing users to include messages and identification details on the global public ledger.
A memo is a message attached to a transaction on the Stellar (XLM), Ripple (XRP), The Open Network (TON) and Stacks (STX) networks. It serves as a means of communication between users and enables the receiving party to identify the sending party. The Trading Wallet supports memos for both XLM (Stellar), XRP (Rippling), and TON(The Open Network).
Including a memo is particularly important when sending funds to exchanges. Exchanges often use a limited number of accounts to receive deposits, and they rely on memos to differentiate between users' deposits. Failing to include a memo in such cases can result in the loss of funds. If you are sending funds to an exchange outside the Trading Wallet, always check whether a memo is required, as the exchange will provide specific instructions.
Please be advised that you need to include a memo when sending funds to your XLM, XRP & TON Trading Account.
However, you don't need a memo to receive funds into your STX Trading Account and no memos are needed to be sent to Wallet.
If you've forgot to include a memo when receiving funds into your Trading Account, please check this support article for more information or contact our support team.