How to Buy PancakeSwap (CAKE)

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

Step 1 – Signup to Kraken

You will first need to buy one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and getting ETH (Ethereum) or BTC (Bitcoin).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. PancakeSwap (CAKE) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find PancakeSwap (CAKE)

Once your deposit has been approved, you'll now have access to your assets and you can start buying and trading. To purchase PancakeSwap (CAKE) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

To discover PancakeSwap (CAKE), you will need to insert the cointype (CAKE) into the search-box, which is highlighted in the image. Be certain of having selected the correct grouping, we have marked this too. Click on “CAKE/BTC” to go ahead.

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

Once you've located PancakeSwap (CAKE), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest tariff PancakeSwap (CAKE) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of CAKE you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete volumen of CAKE.

If you're happy, click on “Buy CAKE”. Your plan will be filled as soon as a Seller sells their CAKE for the price you introduced.

Step 5 – Withdraw PancakeSwap (CAKE)

Unless you're regularly trading, best advise is not to keep coins on an Crypto Trader for an extended time period. In order to take off your PancakeSwap (CAKE), hover over the ”Funds” tab and click on “Withdraw”. PancakeSwap (CAKE) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find PancakeSwap (CAKE) by using the provided drop-down box. Drop in the quantity of PancakeSwap (CAKE) you would wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

If you are glad, click “Submit”. You could be requested for phone/email verification before a take off.

Binance Withdraw

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

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the (CAKE) PancakeSwap is safe inside your wallet, you are finished.
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