Options to select when withdrawing from Kraken to Cake Wallet

M

MacGruber

Member
SAPPHIRE SPONSOR
Joined
Sep 30, 2024
Messages
15
I want to withdraw BTC from Kraken to Cake Wallet. I just started using crypto about 15 minutes ago, first time.

1. In Kraken, should I choose to use the Lightning network or the Bitcoin network for the withdrawal?

2. In cake wallet, which choice should I select for my receive address: Segwit P2WPKH, Taproot, Segwit P2WSH, Segwit-compatible, Legacy, anonPayInvoice, or anonPayDonationLink?

Thanks!
 
1. Always choose the main network. it's a lot slower than lightning but literally no vendors anywhere accept it and you'd have to pay fees for bridging back anyway.

2. just use whatever is default in cake, i.e p2wpkh. it's very rare that the average end user will need to mess with that setting in any wallet, especially if you're conducting simple p2p transactions.
 
LittleDabbie420 said:
Kraken sucks made it impossible to move coin i ended up abandoning the account with like 20$ in it. Pos.
Click to expand...
odd to hear. i move funds in and out of kraken on a constant basis for like half a decade and never experienced delays that weren't specifically mentioned by kraken at the time due to issues with any particular chain. they always process my withdrawals in like 5 seconds even for monero.
 
xenxra said:
odd to hear. i move funds in and out of kraken on a constant basis for like half a decade and never experienced delays that weren't specifically mentioned by kraken at the time due to issues with any particular chain. they always process my withdrawals in like 5 seconds even for monero.
Click to expand...

They seem to be a lot more scrutiny from new accounts in the first cpl weeks.
 
I love kraken they are the best exchange imo for they still offer monero unlike 95% of the exchanges out there these days!
 
Last edited:
You must log in or register to reply here.
Drugbuyersguide Shoutbox
  1. L @ Layne_Cobain: I wanted ❄️ tonight…I settled… I ate a bunch of xan instead..:it ain’t quite the sacrifice Phil made eating grilled cheese off the radiator for 20 years but still …
  2. M @ meepmoopmeep: Happy Halloween everyone!!
  3. J @ jdawq: Happy Halloween 🎃
  4. J @ jjjjjjjjj: @Layne_Cobain Thank you man and same to you!
  5. L @ Layne_Cobain: @jjjjjjjjj thx brother have a good one stay safe if indulging haha
  6. J @ jjjjjjjjj: @Layne_Cobain Happy Halloween to you too and to all the other lovely people here!
  7. L @ Layne_Cobain: Happy Halloween 🎃 DBG fam
  8. M @ meepmoopmeep: remover for what kind of gel @woolywonka
  9. W @ woolywonka: Gel Remover
  10. xenxra @ xenxra: @Poppycock i can't recall if this popped up when I did my order however it's letting me bypass that section of checkout by just toggling "None" on the 3 marked checkboxes. Worst case scenario they just refund you after checkout. I would just try that if you really need it for medical purposes. My gut is telling me this is what I had to do but like I said, i can't recall 100%
  11. T @ timyboy: Fax?? geeesh are they still living in the 80s there
  12. P @ Poppycock: @xenxra thanks but when I get to the checkout section there’s a “medical history” section and there’s a line that says “fax or email your prescription to us”. Are they just putting that there to protect themselves? Or have their changed to now require prescription?
  13. Thoth @ Thoth: MR. PIBB
  14. tiquanunderwood @ tiquanunderwood: LETS GO RAVENS BABY!
  15. xenxra @ xenxra: lucky for you it looks like they *just* took down the notice they've had up for 3 months about US shipping halts due to tariff
  16. xenxra @ xenxra: @Poppycock ReliableRX Pharmacy, india based - they have prazopress and amantrel. I used them last summer for HCG. Took like 6-ish weeks to show up iirc
  17. A @ afrothunder: Holy multipost
  18. Ketmaster @ Ketmaster: @Poppycok Mr G . Root
  19. P @ Poppycock: @xenxra prazosin and amantadine
  20. xenxra @ xenxra: @Poppycock what are you trying to acquire
Back
Top