#MEMEAct What is memo in Binance withdrawal?

A destination tag or memo is a feature used to identify the recipient of a crypto transaction beyond the wallet address. It is necessary for certain cryptocurrencies that use destination tag technology. Before sending crypto, it's important to check if a destination tag/memo is required.

Binance is not entirely free, although it offers low fees and some free services. Binance's website states that deposit fees are free, but withdrawal fees apply. Binance also has trading fees, but these are generally lower than those of other exchanges.