What is a Stellar memo?

Modified on Mon, 01 Aug 2022 at 01:21 PM

A Stellar memo is a unique code used to identify a Stellar (or Stellar-based) cryptocurrency account. Each Stellar memo is 9 digits long. When making a transaction using a Stellar-based cryptocurrency (XLM, WLO), you’ll need to provide the recipients’ memo as well as their account address. Equally, you need to  provide your own Stellar memo ID to receive Stellar or related cryptocurrencies, and this will be shown on-screen in the CryptoWallet app.

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