Navigate to HBAR in your exchange account and select their Deposit option.
The exchange will provide a Hedera network address and a memo/tag to deposit HBAR to your exchange account.
- First, click Send.
- Paste the address provided by the exchange into the Send to a new address field.
- Enter the amount of HBAR you wish to deposit to your exchange account.
- Paste the memo/tag provided by the exchange into the Memo field.
- Click Next.
- Finally, Review all information is correct, before clicking Send.
A memo is required when sending funds to an exchange such as Coinbase or Binance. The memo acts as a routing number ensuring the funds deposited to the exchanges address are associated with your exchange account.
Transactions on the network are final and cannot be reversed.
HashPack recommends sending a small test amount before a larger amount to ensure the deposit address and memo are correct and to avoid any delays in recovery if accidentally sent without a memo.
If you accidentally send funds to an exchange without a memo (routing number), please see this guide for recovery; How to recover funds sent to an exchange without a memo