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 – Transfer 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. Every exchange has a deposit form that is similar. PancakeSwap (CAKE) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you have selected the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate PancakeSwap (CAKE)

Once your deposit has been approved, you'll instantly have access to your funds and you can launch invest and trading. To buy PancakeSwap (CAKE) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to discover PancakeSwap (CAKE), you'll need to insert the short name of the asset (CAKE) into the search box, which is highlighted in the picture. Be certain of having selected the correct pairing, we've highlighted this also. Click on “CAKE/BTC” to continue.

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

As soon as you've discovered PancakeSwap (CAKE), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to make our own Limit Order.

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

When you are glad, click on “Buy CAKE”. Your order will be filled as soon as a Vender sells their CAKE for the price you submitted.

Step 5 – Withdraw PancakeSwap (CAKE)

Unless you are frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer period of time. To take off your PancakeSwap (CAKE), go to the tab called “Funds” and mouse click on “Withdraw”. PancakeSwap (CAKE) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find PancakeSwap (CAKE) by using the provided drop-down box. Drop in the amount of PancakeSwap (CAKE) you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

When you're happy, click on “Submit”. You could be requested for email/phone verification before a take off.

Binance Withdraw

Kudos! You've successfully purchased and safed PancakeSwap (CAKE).

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (CAKE) PancakeSwap is stored in your wallet, you are done.
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