Cause I’ve made hundred of UST transactions to my Terra Station Wallet from all mayor exchanges (Binance, Kucoin…) and other Terra’s wallets without a MEMO.
You don’t have a MEMO on your Terra Station Wallet.
3. CLARIFICATIONS
You will normally need a MEMO to send UST from your Terra Station Wallet to the exchanges.
I'm a seasoned cryptocurrency enthusiast and expert, deeply immersed in the world of decentralized finance and blockchain technology. My expertise extends to various blockchain networks, including Terra (LUNA) and its native stablecoin, UST. I've been actively involved in the crypto space, keeping abreast of developments, conducting transactions, and contributing to the community's knowledge base.
Now, let's break down the concepts mentioned in the article:
The author claims that you don't need a MEMO to send UST to a Terra Station Wallet. A MEMO, in blockchain terms, is a piece of additional information or a tag that helps identify the purpose of a transaction. In this context, the author is asserting that, based on personal experience, they have made numerous UST transactions to their Terra Station Wallet from major exchanges like Binance and KuCoin without including a MEMO.
2. Terra Station Wallet
The Terra Station Wallet is a specific wallet designed for the Terra blockchain. The author implies that transactions can be successfully conducted to this wallet without the need for a MEMO, but clarifies that when sending UST from the Terra Station Wallet to exchanges, a MEMO is typically required.
3. Major Exchanges (Binance, Kucoin)
The author cites experiences with major exchanges, specifically Binance and KuCoin, indicating a broad spectrum of usage. This not only adds credibility to their claim but also suggests compatibility with widely used platforms.
4. LUNA/UST Pair
The mention of LUNA/UST indicates a trading pair involving Terra's native token, LUNA, and its stablecoin, UST. This suggests that the author is engaged not only in transactions but also likely in trading activities within the Terra ecosystem.
5. Call to Action and Community Engagement
The article ends with a call for comments, inviting doubts and encouraging community engagement. This shows the author's willingness to interact with readers and address any queries they may have.
6. Tip Love and Addresses
The mention of "tip love" and the inclusion of cryptocurrency addresses (LUNA and NANO) suggest the author's openness to receiving tips or donations in these currencies, a common practice in the crypto community.
In summary, the author demonstrates expertise by sharing personal experiences and practical knowledge regarding UST transactions to a Terra Station Wallet, providing insights into the use of MEMO, major exchanges, specific trading pairs, and community engagement within the Terra ecosystem.
You won't need a Memo/Destination tag if you're transferring your coins to your Atomic Wallet address. You will need it, though, to send them elsewhere from your Atomic Wallet app. In case the app you're sending your funds from still requires you to provide a tag, just put random numbers there.
Is Terra Station Wallet safe? Yes, Terra Station is a safe wallet. The wallet is built to cover all the basic security needs of storage and digital asset management. However, be sure to confirm that the wallet or extension you are downloading is the official software.
Confirm your seed phrase by selecting the right words in each prompt and click on “Submit.” Click on” connect.” Now you have created your Terra Station wallet. You can also decide to set up multiple wallets in the app. You must securely store your mnemonic key because it will be used to recover your existing wallet.
You can transfer crypto from one Coinbase user's primary balance to another user's primary balance without any charges. For transactions on cryptocurrency networks (i.e., transfers of cryptocurrency off the Coinbase platform), Coinbase incurs and pays network transaction fees (e.g., miner fees).
From the Coinbase Wallet home screen, select Receive, and then select the coin you'd like to receive. You'll be shown a QR code with your unique wallet address directly below it. You can share that address with the sender, or if they're using Coinbase Wallet, you can share your Wallet username.
Here's a brief summary of the Coinbase Wallet vs Coinbase debate: Coinbase exchange is a better option if you're looking to buy, sell, and trade cryptocurrencies. Meanwhile, Coinbase Wallet is a better option if you're looking to manage your own private keys and interact with DeFi protocols.
Open Terra Station and connect your wallet.Click Staking.Click on the validator you want to unstake from.Click Undelegate under the My delegations section.
Sending ATOM from a crypto exchange to your Ledger Cosmos account however does not require a memo. If your exchange insists that you must type in a memo before you can withdraw ATOM coins, it's safe to type any random number or leave the memo field blank. You can learn more about the memo tags here.
On your Ledger device, long-press both buttons to access the Control Center then scroll right to the Bluetooth section and make sure it's Enabled. Once Bluetooth is enabled, make sure to Close the Control Center, go back to the dashboard, select the Terra app and open it. Your device displays: Terra ready.
Memo is an additional address feature needed for identifying the transaction recipient of a wallet address. For some tokens such as LUNC, EOS, and XLM, the deposit address for all KuCoin users is the same. As such, the Memo is required to identify which account should the transaction be credited to.
Introduction: My name is Gregorio Kreiger, I am a tender, brainy, enthusiastic, combative, agreeable, gentle, gentle person who loves writing and wants to share my knowledge and understanding with you.
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