Bitcoin

Addresses

We automatically generate new Bitcoin addresses after each use for better privacy. Previous addresses continue to work.

We use the same derivation scheme as Electrum: m/0/x for receive addresses, and m/1/x for change addresses.

We use the Electrum seed format. We support restoring seeds generated in the Electrum seed format, not the BIP39 format or other formats.

We recommend leaving your Cake Wallet fee for Bitcoin as Medium.

Cake Wallet name	estimatefee value	Description
Slow ~24hrs	100	Save on fees if you can wait a full day for the transaction to be confirmed.
Medium	5	The best blend of speed and cost. You’ll usually get a confirmation within 3 blocks.
Fast	1	Aggressively pursues inclusion in the next block, usually overpaying.