Why do different networks have different deposit addresses?
Each deposit address is labeled for one network, so the same coin can need a different address per network. Match the network name before you send.
Vahe HakobyanEditor-in-chief
Updated Oct 6, 20263 min readFact-checked
On this page
A deposit page often shows several network choices, and the address changes with each one. The asset name may look the same while the network underneath is different.
Why does each network differ?
A blockchain network keeps its own ledger, so a platform labels each deposit address for the network it expects. That address is tied to a specific network, not just your exchange account. Your account can hold balances on several networks, and each balance sits on its own chain.
How do you choose the right network?
Before you send, compare the network name on the sending side with the name on the receiving side. The same asset can exist on several networks, and each network has its own deposit address. If the names do not match, stop and check the deposit page again.
What are memos and tags?
Some networks use a memo or destination tag in addition to the address. Many platforms require one when deposits go to a shared wallet. The deposit page shows a tag or memo field when it needs one.
What are the risks and limits?
Sending on the wrong network can delay or lose your funds, and recovery depends on the recipient. A platform may not recover crypto sent on another chain. Deposit addresses can also change after network upgrades or wallet maintenance, so use the current address shown.
Frequently asked questions
Usually no. A platform credits a deposit only on the network it expects, and a deposit sent elsewhere may be delayed or lost.
The same asset can exist on several networks, and each network gets its own address. The deposit page groups them under the same coin name.
It may still work, but it may not. Platforms can retire or change addresses after network upgrades or wallet maintenance.
No. Some networks use a memo or destination tag, and platforms require one for deposits to shared wallets. The deposit page shows a field when it needs one.
