Crypto memo Sending Crypto on an Exchange: Can I Leave the Memo Column Empty? Indeed, not all cryptocurrencies use a memo to process transactions; however, it plays a crucial role in those that do, as it can significantly impact the success of your cryptocurrency transactions.
Crypto memo What is a Memo Used for in Crypto Transactions Memos are typically used for custodial wallet addresses because multiple recipients can have the same address on the same wallet service provider, but the presence of the memo separates them from one another and avoids the problem of sending it to the wrong recipient.
