We have two tokens, XRP and HBAR, that require a Memo/ Destination tag when making withdrawals.
When you create a withdrawal address for HBAR or XRP on your LCX account, a unique “Memo” is generated. This Memo is crucial information that must be included when initiating a withdrawal.
Always ensure you include the correct Memo before initiating your withdrawal. If the Memo is missing, it could lead to significant delays in processing your transaction, and in some cases, the funds may become irretrievable.
Here’s how to withdraw HBAR with the Memo:
- Log in to your LCX account at LCX.com.
2. Click on the “Wallet” section.
3. Navigate to “Withdrawal.”
- Select the coin (HBAR).
- Choose the network (Hedera).
- Enter the withdrawal address.
- Input the Memo ID.
- Enter the withdrawal amount.
9. Click on “Withdraw” to complete the process.
