A Step-by-Step-Guide on how to buy PancakeSwap (CAKE)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and to get your welcome 10$.
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. PancakeSwap (CAKE) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate PancakeSwap (CAKE) As soon as your deposit has been confirmed, you'll now have access to your funds and you can initiate purchasing and trading. To buy PancakeSwap (CAKE) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find PancakeSwap (CAKE), you'll need to insert the short name of the asset (CAKE) into the search-box, which is marked in the graphic. Make sure you have selected the correct grouping, we have marked this also. Click on “CAKE/BTC” to proceed.
Step 4 – Purchasing (CAKE) PancakeSwap As soon as you have spotted (CAKE) PancakeSwap, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to create our own Limit Order. The ”Price” field will be automatically filled with the most recent price (CAKE) PancakeSwap was traded for. You can change this to your favoured price. The field with the “Amount” tag is the amount of CAKE you want to purchase. The ”Total” field is the aggregated price in BTC that you'll pay for the whole amount of CAKE. When you're satisfied, make a mouse click on “Buy CAKE”. Your order will be filled as soon as a Vender trades their CAKE for the price you gave.
Step 5 – Withdraw PancakeSwap (CAKE) Unless you're trading, never keep your coins on an Exchange for an extensive time frame. In order to withdraw your PancakeSwap (CAKE), go to the tab called “Funds” and mouse click on “Withdraw”. PancakeSwap (CAKE) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find PancakeSwap (CAKE) by using the given drop-down box. Enter the quantity of PancakeSwap (CAKE) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.