Apart from these exchanges, there are a few popular crypto exchanges with decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and with lower fees. To buy CAKE tokens, you’ll need to create an account with Binance, the largest cryptocurrency exchange in the world. You’ll need to follow the steps for your identity verification to begin trading. The quickest way to get CAKE is to use your credit or debit card to purchase major cryptocurrencies straight on Trust Wallet.
- Click on Deposit once again and you’ll see a new popup that will tell you to download the Google Authentication App on your phone from Play Store or App Store.
- The platform will require you to add a new card so that they can process the transactions.
- Users can stake CAKE tokens to receive SYRUP, which will have additional functionality as governance tokens (and tickets in a lottery).
- Binance offers a few pairs you can trade CAKE tokens with, including CAKE-USDT, CAKE-BTC and CAKE-BUSD.
- When you want to cash out of your investment, just send your crypto from your Trust Wallet to a crypto exchange that’s connected to your bank account.
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PancakeSwap is emerging as the most secure decentralized finance protocol on the Binance Smart Chain. You can buy and hold CAKE crypto as a long-term investment, stake CAKE, or use it to provide trading liquidity to gain rewards. At this point, you’ve probably noticed that we’ve been going on and on about trading BTC without mentioning PancakeSwap. To trade your BTC for CAKE, all you have to do is go to the PancakeSwap Exchange, connect your eWallet, choose CAKE, and select swap.
How to Connect MetaMask Wallet to PancakeSwap
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The whole process can take as little as 10 minutes and all you’ll need is a smartphone or computer, photo identification and a means of payment. If you’re ready to get started, read How to buy cake coin on for step-by-step instructions and a list of platforms you can use to buy PancakeSwap. Cake Wallet is extremely easy to use, with features for beginners and advanced users.
Who Are the Founder of PancakeSwap ?
However, you can also use desktop/ mobile wallets such as Metamask wallet and Coinbase wallet. You can download their apps from google play store or apple store and use them to store your CAKE tokens. They are also required to perform basic tasks on the Pancakeswap platform. To learn more about the leading cryptocurrency exchange platforms, read our blog Best crypto exchange platforms. There are more than 38 crypto exchanges on which you can trade CAKE, you can buy CAKE with USD, also with stablecoins USDT, BUSD, USDC, and with crypto coins BNB, BTC, ETH. The top exchange by buy/sell volume for the last 24h is Binance with usdt trading pair.
- By holding CAKE, you can enjoy general features such as investing in liquidity pools.
- Click the Google authentication option and follow the instructions to set it up.
- Then enter the amount of PancakeSwap (CAKE) you want to buy in ‘amount’.
- Founded in 2013, Bitcoin Wisdom strives to provide informative and accurate bitcoin news, price predictions, investing guides and exchange reviews.
You may be told that your account is under review to assess if you are eligible to purchase cryptocurrencies using a credit card or debit card. To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it’s a good idea to have those ready.
Ways to Buy CAKE
If you invest in PancakeSwap today, as with any investment, a long term increase is expected. The price of CAKE could possibly https://topbitcoinnews.org/ rise to $20.95 within the next 10 years. The average price of PancakeSwap (CAKE) can possibly reach $2.31 this year.
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Investing is speculative and when you invest money, your entire capital is at risk. You should do your own research before investing in any company or product. Always remember that investment decisions are risky and you should never invest more than you can afford to lose.