Destination Tag

A destination tag is a number attached to a payment on the XRP Ledger. Exchanges, custodians, and lenders often receive XRP for many customers at a single address, so the address alone doesn't identify who sent a given deposit. The destination tag does that. It maps the payment to one account.

Sending XRP without a required destination tag, or with the wrong one, means the receiving institution cannot automatically credit it. Recovery depends on that institution's manual process and is sometimes impossible. This is the single most common way XRP deposits go wrong, and it has no equivalent in Bitcoin or Ethereum, where each customer typically gets a unique deposit address.

Why it matters for Milo customers

XRP deposits to Milo require the destination tag shown on your deposit screen. Copy both the address and the tag, and confirm your sending platform has a field for the tag before you send. If you have already sent XRP without the tag, contact Milo before sending anything else. Do not send a second deposit until the first is resolved.

Related terms

XRP (XRP)Crypto CollateralCustodian

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