Technical Definition
Deposit Address
A unique wallet address (string of letters/numbers) generated by the CEX for receiving crypto from external wallets.
By Crypto University Editorial
MemoTagNetwork Selection
✦ Key Insight
Sending crypto to the wrong address = permanent loss; this is how you safely move coins onto the exchange.
✕ Common Misconceptions
Using an old/outdated address; ignoring the required network.
Detailed Explanation
How It Works: Go to Deposit → select coin/network → copy the address (and memo/tag if required). Always verify before sending.
FAQs
Changes often? Some CEX generate new ones each time for security.
Free? Yes — deposit itself is usually free.
In Practice
“Generating a USDT TRC20 address on Bybit and sending from your personal wallet.”
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