What is memo, tag?

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Note, a memo or so-called destination tag is required when sending cryptocurrency to centralized platforms. The reason for this is that many platforms only use one or a few receiving addresses. In this regard, a note is required. This information will make it clear to which account on the platform the received crypto assets should be credited. Accordingly, it is extremely important to include a destination tag when sending your cryptocurrencies from a wallet to a crypto platform. In this case, the platform will be able to credit coins to your account.