Deposit address

An address generated or assigned by a custodial service, such as a centralised exchange, to receive funds for a customer account. Deposited funds remain on-chain, and subsequent transfers between addresses are publicly visible; crediting the deposit to the customer and the customer's subsequent activity, such as trades and internal transfers, are recorded in the service's internal ledger. Identifying a deposit address may allow authorities to request information about the associated account, including KYC data where available, but the account holder is not necessarily the actual controller of the funds. On most networks, deposit addresses are assigned to individual accounts, while some services use shared addresses that require a memo or tag to identify the customer.