Can you provide a step-by-step guide on how to use memo in Binance?
Rasanjana AravinduJan 14, 2022 · 3 years ago1 answers
I'm new to Binance and I want to learn how to use memo. Can you please provide a detailed step-by-step guide on how to use memo in Binance? I would appreciate it if you could explain the process in a beginner-friendly way.
1 answers
- Jan 14, 2022 · 3 years agoAbsolutely! Here's a step-by-step guide on how to use memo in Binance: 1. Log in to your Binance account. 2. Navigate to the 'Funds' section and click on 'Deposits'. 3. Choose the cryptocurrency you want to deposit that requires a memo. 4. Copy the deposit address provided by Binance. 5. Open your external wallet or exchange where you store the cryptocurrency. 6. Initiate a withdrawal from your external wallet or exchange to the Binance deposit address. 7. Make sure to include the memo provided by Binance in the memo field of the withdrawal. 8. Confirm the withdrawal and wait for the transaction to be processed. 9. Once the transaction is confirmed, the funds will be credited to your Binance account. That's it! You have successfully used memo in Binance. If you have any more queries, feel free to ask!
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