Cake wallet - Discussion and News

[Karl_3000]

As for swapping feature they used various different exchanges, but in latest release they split them into Decentralized Only and Best Rate (Mixed).
Word of warning about this, I think I heard Near Intents can freeze coins, even if they claim to be decentralized, so be careful with this.
I would stay away from swap feature, and there are better rates on other exchanges directly.

All the exchanges on cake wallet have a website, you can visit their websites, all of them are not decentralized exchanges. The Near Intent is just another swap exchange that has control over your coins after you send coin to the address the exchange provide.

I do not like that Cake wallet included ChangeNow which is an exchange with bad reputation on this forum.



But I am not using the swap on Cake wallet.

[TryNinja]

Be careful with lightning on Cake, it's brand new and there could be some bugs.

As for swapping feature they used various different exchanges, but in latest release they split them into Decentralized Only and Best Rate (Mixed).
Word of warning about this, I think I heard Near Intents can freeze coins, even if they claim to be decentralized, so be careful with this.
I would stay away from swap feature, and there are better rates on other exchanges directly.

Of course, I see no point in storing big amounts on lightning. I usually have less than $20 just because sometimes I need to buy something here or there, and LN is actually pretty convenient with the basically zero fees.

I wouldn't use any wallet swap function either. We have some good swap options on the forum (b1exch, sageswap, cce...).

[apogio]

Of course, I see no point in storing big amounts on lightning. I usually have less than $20 just because sometimes I need to buy something here or there, and LN is actually pretty convenient with the basically zero fees.

It's essentially the only efficient way to use bitcoin rapidly with zero fees. On-chain fees are rediculously low as well, but confirmation times can't work well if you wanna buy a coffee from your local bakery or coffee shop.