For blockchains such as Stellar (XLM) and Ripple (XRP), a Destination Tag/ID/number/MEMO may be required for deposit and withdrawal to identify the recipient of the transaction. On Sparrow, the Destination Tag is also used to determine what account a given transaction should be assigned and credited to.
Deposits for XLM & XRP:
The Destination Tag (XRP) and MEMO (XLM) is mandatory for all XLM & XRP deposits on Sparrow.
Important Reminder: Both Destination Tag and deposit address should be filled in correctly to deposit XLM or XRP to Sparrow. Failure to include the Destination Tag will lead to the loss of funds.
Withdrawals for XLM & XRP:
Depending on where you are withdrawing your funds to, a Destination Tag/MEMO may or may not be required. If you are required to fill in the Destination Tag, please fill it in the column provided in the withdrawal page. If not, you do not need to fill it in.