How to Buy PancakeSwap (CAKE)

A Step-by-Step-Guide on how to buy PancakeSwap (CAKE)

Step 1 – Join CEX.io

In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and receive Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. PancakeSwap (CAKE) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

Make sure you've selected the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Find PancakeSwap (CAKE)

Once your deposit has been confirmed, you will immediately have access to your assets and you can launch buying and trading. To buy PancakeSwap (CAKE) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

To locate PancakeSwap (CAKE), you will need to put the short name of the asset (CAKE) into the search box, which is marked in the image. Make sure you have selected the proper grouping, we've marked this too. Click on “CAKE/BTC” to proceed.

Binance Hot To Buy PancakeSwap (CAKE)
Binance How to Buy (CAKE) PancakeSwap
Step 4 – Purchase PancakeSwap (CAKE)

Once you have discovered PancakeSwap (CAKE), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we're making our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest valuation PancakeSwap (CAKE) was traded for. This can be changed to your preferred rate. The ”Amount” field is the quantity of CAKE you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole quantity of CAKE.

If you are happy, make a mouse click on “Buy CAKE”. Your plan will be filled as soon as a Vender sells their CAKE for the price you gave.

Step 5 – Withdraw PancakeSwap (CAKE)

Unless you're trading, never keep your crypto on an Crypto Trader for an longer time period. To withdraw your PancakeSwap (CAKE), go to the tab called “Funds” and click on “Withdraw”. PancakeSwap (CAKE) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find PancakeSwap (CAKE) by using the provided drop-down box. Put into the amount of PancakeSwap (CAKE) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you're glad, click on “Submit”. You could be asked for phone/email verification before a withdrawal.

Binance Withdraw

Kudos! You have successfully bought and stored PancakeSwap (CAKE).

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the PancakeSwap (CAKE) is stored inside your wallet, you are done.