In my article about transferring Ripple to Ledger Nano S, X or Blue, many readers asked me: What is the Ledger XRP Destination Label? That’s why I decided to write a special post to answer this question, because many people are struggling with this problem.
XRP is a crypto-currency based on open source technology. Many associate it with Ripple, but Ripple itself clearly states that it created it, but does not control or own XRP Ledger. The coin is designed to make payments easy, fast and in your pocket. The registrar’s hardware portfolios support this currency, and you don’t need the registrar’s XRP tag to send and receive this currency (because it doesn’t).
If you are looking for a Ledger XRP destination tag because your crypto exchange requires you to provide it to send XRP to a Ledger Nano hardware wallet, hardware wallets, as far as you know, do not have XRP tags.
One might think: So how do I transfer XRP to my registrar’s hardware wallet, the Registrar Nano C or Nano X? Then just read the following texts to learn how to send XRP AKA Ripple to Ledger Nano without the Ledger XRP tag.
What is an XRP target tag?
Before you start, you need to understand the purpose of the target tag in XRP Ledger.
An XRP target tag helps the network identify the exact recipient or beneficiary entitled to receive the payment. Normally, cryptocurrency exchanges and payment gateways use XRP tags to indicate which customer should receive the payment. In other words, it just helps the company attribute the payment to the right customer.
As mentioned in XRP Ledger, without a destination label it will be very difficult for XRP Ledger to credit payments and manual intervention and sometimes discussions with the sender may be required to determine the recipient of the payment. So, to make the process easy and smooth, an interested company can add target markers to indicate that the right person is receiving the payment.
Because physical wallets are stand-alone, privately managed wallets, they do not require an XRP target tag to receive XRP tokens (not all physical wallets in some wallets may have a target tag). Yes, to send the same from your ledger wallet, you can enter a destination tag in the recipient’s XRP wallet.
Fear of selling:
Book XRP Target Marking
Now that you have read the explanation above, you know that the Ledger XRP target tag does not exist because it is a personal wallet.
So to send Ripple from your exchange to the Ledger Nano X, S or Blue, you need to contact your exchange’s customer service department for advice. And the official Ledger website states the same thing, I quote the exact words.
According to the official Registry support page, a Registry device does not need a special label to receive XRP.
On some exchanges, like Coinbase, you can leave the Ripple target field as is (i.e. enter nothing) and just enter your Ledger XRP wallet address and send the payment and it will work.
Check out this Coinbase page for more information.
And some require you to enter a target tag, in which case you should contact support.
Important: If you do not enter the correct destination code, the payment will not be received. So make sure you follow the instructions of your cryptocurrency exchange. The Ledger Hardware Wallet Support team will not be able to help you as some exchanges allow you to ignore the XRP target option and others require you to enter something.
I hope this helps. What I personally suggest, even after clearing your wallet, is to first send a small amount of, say, 25 XRP to your Ledger Nano Wallet to make sure everything is in order. Once you have a small business, you can move as much Ripple as you want.
frequently asked questions
How do I find my XRP target tag?
How am I supposed to get a Fate…
What is a target tag in Ripple?
Help article that… that… that… Target…
Does the Nano S recorder have a target marker?
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