How to Fill in Memo/Tag for Crypto Withdrawals on BYDFi (APP)

When withdrawing certain cryptocurrencies on BYDFi, you may need to enter a Memo or Tag along with your withdrawal address. Correctly filling in the Memo/Tag ensures your funds are accurately credited to your external wallet or exchange.

When Do You Need a Memo/Tag?

• No Memo/Tag Required: If the withdrawal page does not display a Memo/Tag, you can proceed without entering one.
• Memo/Tag Required: If a designated Memo/Tag is displayed on the page, you must enter it during the withdrawal process.

⚠️ Important: The following cryptocurrencies typically require a Memo/Tag for deposits and withdrawals:

• XRP
• ATOM
• BAND
• XLM

Always check whether the receiving wallet or platform requires a Memo/Tag, otherwise your funds may fail to arrive.

How to Withdraw Crypto on BYDFi App (Step-by-Step Guide)

1. Access the Withdrawal Page

Log in to your account → Tap Assets

Tap Withdraw to enter the withdrawal page.

Alternative method:

• Go to Spot Account → search for the cryptocurrency (e.g., XRP) → tap Withdraw to access the same page.

2. Select Withdrawal Coin

Search for or select the cryptocurrency you want to withdraw.

Tap Network to proceed withdrawal

3. Enter Withdrawal Details

• Withdrawal Address
• Withdrawal Amount
• Memo/Tag

4. Complete Security Verification

• Enter your Fund Password or Google Authenticator Code
• Enter your Email Verification Code
• Tap Confirm Withdrawal to submit your request

5. Withdrawal Processing

• Once submitted, your withdrawal request will be processed promptly by BYDFi.
• You can check the status of your transaction in the Withdrawal History section.

Withdrawal Precautions

• Always confirm if the external wallet or platform requires a Memo/Tag for deposits.
• Entering an incorrect Memo/Tag may result in delayed or failed crediting of funds.
• Correct Memo/Tag input ensures secure and timely fund transfers.

Important Reminders

• Cryptocurrencies like XRP, ATOM, BAND, and XLM generally require a Memo/Tag for both deposits and withdrawals.
• If you forget to enter the Memo/Tag, you may need to contact the receiving platform’s customer support to recover funds, which could take some time.
• Always double-check all withdrawal details before submitting to avoid errors.

By following these steps, you can safely and efficiently withdraw cryptocurrencies from BYDFi while ensuring that your funds arrive securely in your specified wallet.