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).

Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. PancakeSwap (CAKE) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find PancakeSwap (CAKE)

As soon as your deposit has been confirmed, you will instantly have access to your funds and you can begin 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 find PancakeSwap (CAKE), you will need to insert the shortname of the coin (CAKE) into the search box, which is highlighted in the image. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “CAKE/BTC” to continue.

Step 4 – Purchasing PancakeSwap (CAKE)

After you've located PancakeSwap (CAKE), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're making our own Limit Order.

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

If you're satisfied, make a mouse click on “Buy CAKE”. Your plan will be filled when a Vender sells their CAKE for the price you gave.

Step 5 – Withdraw PancakeSwap (CAKE)

Unless you're frequently trading, you should never keepyour crypto on an Exchange for an extended period of time. In order to withdraw your PancakeSwap (CAKE), hover over the ”Funds” tab and mouse click on “Withdraw”. PancakeSwap (CAKE) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find PancakeSwap (CAKE) by using the given drop-down box. Enter the volumen of PancakeSwap (CAKE) you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you're glad, click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.