We have an important update to share:.
07 Feb 2023, 16:18
We have an important update to share:
📍 Coinbase begins supporting native AXL today shortly, but native AXL deposits will require a memo in the transfer. IF YOU DON’T INCLUDE THE MEMO, FUNDS MAY BE LOST.
đź“ŤDO NOT ATTEMPT TO USE SATELLITE FOR TRANSFERS TO COINBASE: Satellite does not support transfers with a required memo field, so users should not try to send AXL to a Coinbase deposit address via Satellite. If they do, FUNDS WILL BE LOST. Instead, you should send it to your Keplr wallet address, then send it from that Keplr wallet to the Coinbase address with the required memo.
đź“ŤThe memo is used by Coinbase to route transactions to and from Cosmos chains. Before sending, be sure to read instructions carefully, and copy-paste the memo into the appropriate field.
🔗 Here’s more information from Coinbase:
🔗 Here’s a tutorial that explains the equivalent process for ATOM:
Question about finding the memo? Refer to Step 2 of the ATOM tutorial above!