diff --git a/locales/en.json b/locales/en.json
index 641f8b544..0e07e9832 100644
--- a/locales/en.json
+++ b/locales/en.json
@@ -755,9 +755,6 @@
       },
       "zmqRawTx": {
         "title": "Set bitcoind ZMQ Raw Tx Host"
-      },
-      "p2tr": {
-        "title": "Enable receiving on-chain via Taproot (P2TR)"
       }
     },
     "LN": {
diff --git a/src/state/OnChain.ts b/src/state/OnChain.ts
index b3d59fc1d..ef23e5e67 100644
--- a/src/state/OnChain.ts
+++ b/src/state/OnChain.ts
@@ -22,7 +22,7 @@ export interface ISetTransactionsPayload {
 
 export interface IGetAddressPayload {
   forceNew?: boolean;
-  p2sh?: boolean;
+  p2wkh?: boolean;
 }
 
 export interface ISendCoinsPayload {
@@ -140,30 +140,22 @@ export const onChain: IOnChainModel = {
     actions.setUnconfirmedBalance(walletBalanceResponse);
   }),
 
-  getAddress: thunk(async (actions, { forceNew, p2sh }, { injections, getStoreState }) => {
+  getAddress: thunk(async (actions, { forceNew, p2wkh }, { injections }) => {
     try {
     const { newAddress } = injections.lndMobile.onchain;
     let type: lnrpc.AddressType;
 
     if (forceNew) {
-      if (p2sh) {
-        type = lnrpc.AddressType.NESTED_PUBKEY_HASH;
+      if (p2wkh) {
+        type = lnrpc.AddressType.WITNESS_PUBKEY_HASH;
       } else {
-        if (getStoreState().settings.receiveViaP2TR) {
-          type = lnrpc.AddressType.TAPROOT_PUBKEY;
-        } else {
-          type = lnrpc.AddressType.WITNESS_PUBKEY_HASH;
-        }
+        type = lnrpc.AddressType.TAPROOT_PUBKEY;
       }
     } else {
-      if (p2sh) {
-        type = lnrpc.AddressType.UNUSED_NESTED_PUBKEY_HASH;
+      if (p2wkh) {
+        type = lnrpc.AddressType.UNUSED_WITNESS_PUBKEY_HASH;
       } else {
-        if (getStoreState().settings.receiveViaP2TR) {
-          type = lnrpc.AddressType.UNUSED_TAPROOT_PUBKEY;
-        } else {
-          type = lnrpc.AddressType.UNUSED_WITNESS_PUBKEY_HASH;
-        }
+        type = lnrpc.AddressType.UNUSED_TAPROOT_PUBKEY;
       }
     }
 
diff --git a/src/state/Settings.ts b/src/state/Settings.ts
index b002ef3bb..37059b9bf 100644
--- a/src/state/Settings.ts
+++ b/src/state/Settings.ts
@@ -78,7 +78,6 @@ export interface ISettingsModel {
   changeLndNoGraphCache: Thunk<ISettingsModel, boolean>;
   changeInvoiceExpiry: Thunk<ISettingsModel, number>;
   changeRescanWallet: Thunk<ISettingsModel, boolean>;
-  changeReceiveViaP2TR: Thunk<ISettingsModel, boolean, any, IStoreModel>;
   changeStrictGraphPruningEnabled: Thunk<ISettingsModel, boolean, any, IStoreModel>;
   changeLndPathfindingAlgorithm: Thunk<ISettingsModel, routerrpcEstimator, any, IStoreModel>;
   changeMaxLNFeePercentage: Thunk<ISettingsModel, number>;
@@ -124,7 +123,6 @@ export interface ISettingsModel {
   setLndNoGraphCache: Action<ISettingsModel, boolean>;
   setInvoiceExpiry: Action<ISettingsModel, number>;
   setRescanWallet: Action<ISettingsModel, boolean>;
-  setReceiveViaP2TR: Action<ISettingsModel, boolean>;
   setStrictGraphPruningEnabled: Action<ISettingsModel, boolean>;
   setLndPathfindingAlgorithm: Action<ISettingsModel, routerrpcEstimator>;
   setMaxLNFeePercentage: Action<ISettingsModel, number>;
@@ -169,7 +167,6 @@ export interface ISettingsModel {
   lndNoGraphCache: boolean;
   invoiceExpiry: number;
   rescanWallet: boolean;
-  receiveViaP2TR: boolean;
   strictGraphPruningEnabled: boolean;
   lndPathfindingAlgorithm: routerrpcEstimator;
   maxLNFeePercentage: number;
@@ -243,7 +240,6 @@ export const settings: ISettingsModel = {
       (await getItemObject(StorageItem.invoiceExpiry)) ?? DEFAULT_INVOICE_EXPIRY,
     );
     actions.setRescanWallet(await getRescanWallet());
-    actions.setReceiveViaP2TR((await getItemObject(StorageItem.receiveViaP2TR)) ?? false);
     actions.setStrictGraphPruningEnabled(
       (await getItemObject(StorageItem.strictGraphPruningEnabled)) ?? false,
     );
@@ -447,12 +443,6 @@ export const settings: ISettingsModel = {
     actions.setRescanWallet(payload);
   }),
 
-  changeReceiveViaP2TR: thunk(async (actions, payload, { getStoreActions }) => {
-    await setItemObject(StorageItem.receiveViaP2TR, payload);
-    actions.setReceiveViaP2TR(payload);
-    await getStoreActions().onChain.getAddress({});
-  }),
-
   changeStrictGraphPruningEnabled: thunk(async (actions, payload) => {
     await setItemObject(StorageItem.strictGraphPruningEnabled, payload);
     actions.setStrictGraphPruningEnabled(payload);
@@ -605,9 +595,6 @@ export const settings: ISettingsModel = {
   setRescanWallet: action((state, payload) => {
     state.rescanWallet = payload;
   }),
-  setReceiveViaP2TR: action((state, payload) => {
-    state.receiveViaP2TR = payload;
-  }),
   setStrictGraphPruningEnabled: action((state, payload) => {
     state.strictGraphPruningEnabled = payload;
   }),
@@ -673,7 +660,6 @@ export const settings: ISettingsModel = {
   lndNoGraphCache: false,
   invoiceExpiry: DEFAULT_INVOICE_EXPIRY,
   rescanWallet: false,
-  receiveViaP2TR: false,
   strictGraphPruningEnabled: false,
   lndPathfindingAlgorithm: DEFAULT_PATHFINDING_ALGORITHM,
   maxLNFeePercentage: DEFAULT_MAX_LN_FEE_PERCENTAGE,
diff --git a/src/storage/app.ts b/src/storage/app.ts
index 073315e46..ed0620e8b 100644
--- a/src/storage/app.ts
+++ b/src/storage/app.ts
@@ -73,7 +73,6 @@ export enum StorageItem { // const enums not supported in Babel 7...
   lndNoGraphCache = "lndNoGraphCache",
   invoiceExpiry = "invoiceExpiry", // in seconds
   rescanWallet = "rescanWallet",
-  receiveViaP2TR = "receiveViaP2TR",
   strictGraphPruningEnabled = "strictGraphPruningEnabled",
   lndPathfindingAlgorithm = "lndPathfindingAlgorithm",
   maxLNFeePercentage = "maxLNFeePercentage",
@@ -176,7 +175,6 @@ export const clearApp = async () => {
     removeItem(StorageItem.lndNoGraphCache),
     removeItem(StorageItem.invoiceExpiry),
     removeItem(StorageItem.rescanWallet),
-    removeItem(StorageItem.receiveViaP2TR),
     removeItem(StorageItem.strictGraphPruningEnabled),
     removeItem(StorageItem.lndPathfindingAlgorithm),
     removeItem(StorageItem.maxLNFeePercentage),
@@ -262,7 +260,6 @@ export const setupApp = async () => {
     setItemObject<boolean>(StorageItem.lndNoGraphCache, false),
     setItemObject<number>(StorageItem.invoiceExpiry, DEFAULT_INVOICE_EXPIRY),
     setItemObject<boolean>(StorageItem.rescanWallet, false),
-    setItemObject<boolean>(StorageItem.receiveViaP2TR, false),
     setItemObject<boolean>(StorageItem.strictGraphPruningEnabled, false),
     setItem(StorageItem.lndPathfindingAlgorithm, DEFAULT_PATHFINDING_ALGORITHM),
     setItemObject<number>(StorageItem.maxLNFeePercentage, DEFAULT_MAX_LN_FEE_PERCENTAGE),
diff --git a/src/windows/OnChain/OnChainInfo.tsx b/src/windows/OnChain/OnChainInfo.tsx
index f0fe30371..3b90b26c8 100644
--- a/src/windows/OnChain/OnChainInfo.tsx
+++ b/src/windows/OnChain/OnChainInfo.tsx
@@ -59,7 +59,7 @@ export const OnChainInfo = ({ navigation }: IOnChainInfoProps) => {
   }, [navigation]);
 
   const onGeneratePress = async () => await getAddress({ forceNew: true });
-  const onGenerateP2SHPress = async () => await getAddress({ forceNew: true, p2sh: true });
+  const onGenerateP2WPKHPress = async () => await getAddress({ forceNew: true, p2wkh: true });
 
   const onWithdrawPress = () => navigation.navigate("Withdraw");
 
@@ -134,7 +134,7 @@ export const OnChainInfo = ({ navigation }: IOnChainInfoProps) => {
             disabled={!rpcReady}
             style={style.button}
             onPress={onGeneratePress}
-            onLongPress={() => onGenerateP2SHPress()}
+            onLongPress={() => onGenerateP2WPKHPress()}
           >
             <Text>{t("newAddress.title")}</Text>
           </Button>
diff --git a/src/windows/Settings/Settings.tsx b/src/windows/Settings/Settings.tsx
index 254aa8e8d..b9377f619 100644
--- a/src/windows/Settings/Settings.tsx
+++ b/src/windows/Settings/Settings.tsx
@@ -1157,13 +1157,6 @@ ${t("experimental.tor.disabled.msg2")}`;
     await changeDunderEnabled(!dunderEnabled);
   };
 
-  // Enable Receive by P2TR
-  const receiveViaP2TR = useStoreState((store) => store.settings.receiveViaP2TR);
-  const changeReceiveViaP2TR = useStoreActions((store) => store.settings.changeReceiveViaP2TR);
-  const onToggleReceiveViaP2TR = async () => {
-    await changeReceiveViaP2TR(!receiveViaP2TR);
-  };
-
   // Set Max LN Fee Percentage
   const maxLNFeePercentage = useStoreState((store) => store.settings.maxLNFeePercentage);
   const changeMaxLNFeePercentage = useStoreActions(
@@ -1865,18 +1858,6 @@ ${t("experimental.tor.disabled.msg2")}`;
             </>
           )}
 
-          <ListItem style={style.listItem} icon={true} onPress={onToggleReceiveViaP2TR}>
-            <Left>
-              <Icon style={style.icon} type="MaterialCommunityIcons" name="carrot" />
-            </Left>
-            <Body>
-              <Text>{t("bitcoinNetwork.p2tr.title")}</Text>
-            </Body>
-            <Right>
-              <CheckBox checked={receiveViaP2TR} onPress={onToggleReceiveViaP2TR} />
-            </Right>
-          </ListItem>
-
           <ListItem style={style.itemHeader} itemHeader={true}>
             <Text>{t("LN.title")}</Text>
           </ListItem>