Options to select when withdrawing from Kraken to Cake Wallet

M

MacGruber

New member
SAPPHIRE SPONSOR
Joined
Sep 30, 2024
Messages
4
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. S @ scarred14: @RussianRambo who did?
  2. xenxra @ xenxra: what the fudge
  3. R @ RussianRambo: he set up a controlled delivery on 2 people
  4. R @ RussianRambo: Slaughter AKA Slaughterhouse is no good anymore
  5. R @ RussianRambo: coolchems no good
  6. hiTillidie @ hiTillidie: Just yankin your lobe jason...once paid you should have privleges.
  7. hiTillidie @ hiTillidie: You gotta buy vendor coupons first...
  8. J @ jason1974: How do i access approved vendors now that i am a member?
  9. xenxra @ xenxra: @jason1974 every single time someone pops up with that handle, they're a scammer. my browser gives me a security warning for their site.
  10. hiTillidie @ hiTillidie: Coolchems is no good
  11. hiTillidie @ hiTillidie: Xenxra yeah fir sure.pigpredictable
  12. J @ jason1974: Can anybody vouch for Coolchems.com?
  13. J @ jason1974: Can anybody vouch for Coolchems.com?
  14. R @ Rx4health: Have a Good Day Everyone & God Bless You All.. !!
  15. Ketmaster @ Ketmaster: @MOD Good afternoon!
  16. MOD @ MOD: Hello @everyone
  17. xenxra @ xenxra: @hiTillidie i basically gave them a report showing them where they could seize coins from but they decided to do their own tracing and just pointed out the areas that weren't recoverable even though it was already emphasized in the report i gave themm. i bet if i lost 10x as much they would have gotten it back.
  18. xenxra @ xenxra: @SeaDonkey you're probably not wrong
  19. xenxra @ xenxra: @Moonkey you're fine, i've learned to live with it at this point. it's not the worst spot to start scaling into a position here imo - just don't sell the house yet.
  20. SeaDonkey @ SeaDonkey: Ugh I wish I was in a position to gamble some muns, I personally think there's a huge potential in the dip right now
Back
Top