In Australia, Beaufort Fiduciaries Pty Ltd (ACN 162 139 871, AFSL No. 545124) provides wholesale clients with access to derivatives where the underlying assets are digital assets. Derivatives are complex, regulated financial products that are difficult to understand and may not be suitable for inexperienced investors. For eligibility, terms and conditions click here. Krak Pay is offered by Bit Trade Australia Pty Ltd (ACN 163 237 634), Authorised Representative of Flexewallet Pty Ltd (AFSL 448066). This information is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you and read the relevant disclosure documents before making any decision.

Destination Tag for XRP deposits

Last updated: August 8, 2025

When you generate an XRP deposit address for your Kraken account, a unique and mandatory ‘Destination Tag’ is also generated.

The Destination Tag is used to determine what account a deposit should be assigned and credited to. This is because all Kraken accounts share a single XRP deposit address:

rLHzPsX6oXkzU2qL12kHCH8G8cnZv1rBJh

The Destination Tag is ten numbers long and must be included with all XRP deposits to your Kraken account. An example XRP Destination Tag is:

0123456789

Always ensure to include the correct Destination Tag before sending your XRP deposit.

WARNING: Forgetting to include the Destination Tag will lead to significant delays in crediting the deposit to your account, and might even make the deposit irretrievable in certain cases. If you forgot the tag submit a support ticket here.

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