What is a Memo/ Address Tag and why is it needed?

A memo or address tag is an additional feature to your address which is needed to identify a transaction recipient. Some blockchains support this feature, such as Hedera Hashgraph, and it’s used to identify your transaction to correctly update your balance.

If your Cointree generated deposit address shows a Memo or Address Tag, please remember to input the tag along with your address when sending to Cointree.If you have any further questions, please reach out to customer support.

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