If you're new to cryptocurrency, you may have heard of XRP and wondered,
XRP is a popular cryptocurrency designed for fast, low-cost transfers. Unlike some blockchains, XRP accounts work a bit differently. While each XRP wallet address is unique, most major exchanges and services use a single address to receive deposits from thousands of users.
This is where the
When sending XRP to an exchange like Bitget, you'll be given both an XRP address and a tag. If you miss the tag or enter it incorrectly, your funds may go to the wrong account or get lost.
Not every XRP wallet needs a tag. Here’s a quick table to help you know when to use one:
Personal XRP Wallet (e.g., Bitget Wallet) | No | Unique wallet, no shared address |
Exchange Account (e.g., Bitget Exchange) | Yes | Shared address, unique tag per user |
Other’s Wallet (direct transfer) | Usually No | Ask the recipient before sending |
Always double-check the deposit instructions on your chosen exchange or service. Bitget Exchange, for example, clearly displays the tag on the deposit screen for XRP. If you’re using Bitget Wallet, you typically do not need a tag, as your wallet address is unique.
One of the most common mistakes with XRP transactions is forgetting to add the tag or entering it incorrectly. This can result in your funds being lost or delayed.
Most exchanges now warn you if you try to deposit without including an XRP tag. Always:
Keeping your XRP safe starts with correct transaction details. Here are essential tips:
As XRP adoption grows, usability and user-friendliness are improving. Major exchanges regularly update their systems to simplify the deposit process. For example, Bitget recently enhanced their deposit interface to highlight the importance of tags, reducing user mistakes.
According to analytics platforms like Dune and Glassnode, most XRP transactions to exchanges today include tags, but user errors still occur.
Learning what a tag for XRP is—and when to use it—can save you time, money, and stress. With XRP’s popularity for quick crypto transfers, using the right tag ensures your funds arrive safely and securely. Exchanges like Bitget are making the process easier, but it’s up to you to follow best practices every time you send or receive XRP.
For extra peace of mind with your crypto assets, try keeping your XRP in a secure web3 wallet, like Bitget Wallet. If you need to trade or transfer XRP through an exchange, Bitget Exchange offers a user-friendly deposit flow with clear tag instructions to prevent errors.