> ## Documentation Index
> Fetch the complete documentation index at: https://docs.rynopay.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Crypto Beneficiaries

> Add and save a crypto wallet as a payout destination.

A crypto beneficiary is a saved wallet destination that can be selected during a crypto payout.

<Frame>
  <img src="https://mintcdn.com/ryno-26f27c8f/sKKdX1PI98-AaZfj/images/business/beneficiaries/add-crypto-beneficiary.png?fit=max&auto=format&n=sKKdX1PI98-AaZfj&q=85&s=81e482478c12300c9b6b55839ed8e9ab" alt="Add crypto beneficiary panel" width="1921" height="800" data-path="images/business/beneficiaries/add-crypto-beneficiary.png" />
</Frame>

## Crypto beneficiary fields

| Field                  | Description                                                   |
| ---------------------- | ------------------------------------------------------------- |
| Beneficiary Legal Name | Legal name of the wallet owner.                               |
| Label                  | A memorable name for the saved wallet.                        |
| Beneficiary Type       | Individual or Business.                                       |
| Network                | Blockchain network used by the wallet.                        |
| Asset                  | Digital asset to be sent.                                     |
| Wallet Address         | Destination wallet address.                                   |
| Memo/Destination Tag   | Additional identifier required by some exchanges or networks. |

## Add a crypto beneficiary

<Steps>
  <Step title="Select Crypto wallets">
    Open the Add Beneficiary panel and choose **Crypto wallets**.
  </Step>

  <Step title="Enter the legal name">
    Provide the wallet owner's full legal name.
  </Step>

  <Step title="Add a label">
    Use a clear name that helps you recognise the destination.
  </Step>

  <Step title="Select beneficiary type">
    Choose **Individual** or **Business**.
  </Step>

  <Step title="Select the network">
    Choose the blockchain network used by the destination wallet.
  </Step>

  <Step title="Select the asset">
    Select the supported asset for the chosen network.
  </Step>

  <Step title="Enter the wallet address">
    Paste the destination address carefully.
  </Step>

  <Step title="Enter a memo or destination tag">
    Add it where the destination requires one.
  </Step>

  <Step title="Save the beneficiary">
    Review all details and select **Save Beneficiary**.
  </Step>
</Steps>

<Warning>
  A transaction sent to the wrong network, address, asset, memo, or destination tag may be irreversible.
</Warning>

## Memo or destination tag

Some exchanges use a shared wallet address and require an additional memo or tag to identify the recipient.

Leave this field blank only when the destination does not require one.

<Info>
  The form notes that some exchange deposits may be lost when a required memo or destination tag is omitted.
</Info>

## Address verification

Before saving:

* Confirm the network
* Confirm the selected asset
* Compare the first and last characters of the address
* Confirm whether a memo or tag is required
* Consider sending a small test payout where appropriate

## Related guides

<CardGroup cols={2}>
  <Card title="Add a Beneficiary" href="/business/beneficiaries/add-beneficiary" />

  <Card title="Beneficiary FAQ" href="/business/beneficiaries/faq" />
</CardGroup>