A crypto wallet address is a unique combination of letters and numbers used to send and receive cryptocurrency.
Wallet addresses are network-specific. The chosen cryptocurrency and blockchain network must match on both sending and receiving platforms.
Wallet Address Safety
Before making a transaction:
Copy the wallet address directly instead of typing it manually.
Confirm the first and last characters of the address.
Check that the selected networks match.
Make sure the address supports USDT.
Review all information before confirming.
Blockchain transactions sent to an incorrect address may be permanently lost.
Memo and Tag
A memo or tag is an additional identifier used by some wallets and exchanges to assign a transaction to the correct customer account.
Not every cryptocurrency or network requires one.
Only enter a memo or tag when it is specifically displayed or requested by the receiving wallet or exchange. Do not create or enter a random memo.
Missing Memo or Tag
If a receiving exchange requires a memo or tag and it was not included, the blockchain transaction may succeed but the receiving account remains uncredited.
Once submitted, OnRake cannot add or change the memo or tag. Contact the receiving wallet or exchange and provide the TXID and transaction details.
For deposits to OnRake, follow the exact information shown on the Deposit page. If no memo or tag is shown, one is not required.
Using an Exchange Wallet
An exchange wallet can be used if:
The exchange supports USDT.
The selected network is supported by both OnRake and the exchange.
The exchange allows deposits or withdrawals through that network.
Any required memo or tag is included.
Always review the exchange's minimum deposit, confirmation, and internal crediting requirements.
Using a wallet or exchange account that belongs to another person may trigger extra security or compliance checks. Use an account that belongs to and is controlled by you.
Custodial and Non-Custodial Wallets
Wallet Type | Control of Private Keys | Examples of Responsibility |
Custodial Wallet | The exchange or provider controls the keys | The provider manages access, recovery and internal crediting |
Non-Custodial Wallet | The customer controls the keys | The customer is responsible for the seed phrase, security and transactions |
OnRake cannot recover the password, private key or recovery phrase of an external wallet.