Options to select when withdrawing from Kraken to Cake Wallet

M

MacGruber

Member
SAPPHIRE SPONSOR
Joined
Sep 30, 2024
Messages
20
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. MrFuszy @ MrFuszy: Lole onion sites?
  2. MrFuszy @ MrFuszy: @eiffraffca what ya mean
  3. R @ Riffraffca: Has anyone used and markets on the Dark Web?
  4. st1ckyf1ng4z @ st1ckyf1ng4z: @nameofuser11 Lol, happens to the best of us my friend. I think plain leaf will remain pretty easy to access, and prices shouldn’t fluctuate too much. Read up on how to use btc if you don’t know already. It’s not rocket science :)
  5. nameofuser11 @ nameofuser11: I donated and I forgot how to get the password. I am a moron. Don't worry I have no plans on becoming a vendor with my stupidity
  6. nameofuser11 @ nameofuser11: @st1ckyf1ng4z you're right of course. But being able to purchase with a debit card on a clearnet site with quality labs and low prices will be gone.
  7. st1ckyf1ng4z @ st1ckyf1ng4z: Especially if they’re using mitragynine as the parent alk to make substitutes. I think it will affect plain leaf too at the very least it will not be as available as it’s been.
  8. st1ckyf1ng4z @ st1ckyf1ng4z: @MorfineOrfan @nameofuser11 That’s wild. But basic supply/demand tho, right? In my area all the leaf has been pulled off shelves,
  9. J @ j00ciiez: It sucks they're banning sr17. It seems to be a holy grail for many ppl.
  10. nameofuser11 @ nameofuser11: To clarify plain leaf kratom is not a part of this ban. Mitragynine might be fine. 7, psuedo,mgm15 and sr1708 are what are on the table to be banned most likely but hopefully just regulated.
  11. MorfineOrfan @ MorfineOrfan: @st1ckyf1ng4z and yes , there are already indole alkoloids with tweaked scaffolding ready to take the place of 7/mgm, all with mitragynine as their parent alkoloid. The game of wack a mole starts the minute 7 is officially banned. Its 2013 K2 all over
  12. st1ckyf1ng4z @ st1ckyf1ng4z: @MorfineOrfan Also, it’s just a matter of time before another alternative pops up on the market anyway….
  13. st1ckyf1ng4z @ st1ckyf1ng4z: @MorfineOrfan I couldn’t agree more, bro. It’s fucked up. I recognize prices will rise, but it will always be available…. Stock up now while you can at least if you’re preferred read is opiates. As an ex-fentanyl addict I won’t ever touch any of that shit again. I remember when I started to see 7oh pop up, I knew it was going to end like this but I can understand getting rid of 7oh/mgm-15/16. With that being said, they should leave plain leaf alone!
  14. MorfineOrfan @ MorfineOrfan: @st1ckyf1ng4z oh trust, i know that, im helping a pretty big vendor transition, to here and dnm , but prices are going to rise bc of risk. But availability is only part of this whole kratom alks situation. We have a serious problem with society. Last year alcohol killed 178,000 people, last year all other drugs combined killed 69,973 Out of those 38,084 were from opiate/opioids and out of those 0 were killed by 7oh. With these numbers we can see the problem with banning 7oh
  15. MrFuszy @ MrFuszy: Hell i remember when getting 25g of aphip was like 200$ or so
  16. MrFuszy @ MrFuszy: Dude wants $150 for 5g... I told him nahh doggy cmon.
  17. MrFuszy @ MrFuszy: Man im tryin to get this one kat to come off that apvp for 75$
  18. MrFuszy @ MrFuszy: Cant wait to get the apvp in
  19. token @ token: Afternoon everyone! Hope their day or night has been good!
  20. MrFuszy @ MrFuszy: We need to takj bro
Back
Top