Discover the PancakeSwap DEX Exchange: CAKE Token

Meet the biggest DEX on the Binance Smart Chain. Find a guide on how to purchase $CAKE with a bank card and trade it on Tokpie.

trade PancakeSwap token on Tokpie

Over 2.6 million active users. More than 45 million trades. And +$11 billion staked for the last month. Do you guess what platform we’re talking about? Right. We are talking about the PancakeSwap – one of the largest and famous decentralized exchanges in the World. It’s like Uniswap. But, in contrast to Uniswap running on Ethereum blockchain, the PancakeSwap runs on Binance Smart Chain. Let’s learn more about this DEX and its CAKE token. Also, find out how to buy CAKE with a bank card for your local fiat currency. And, of course, you will find instructions on how to trade CAKE tokens on Tokpie exchange.

What’s the PancakeSwap exchange?

The PancakeSwap is a decentralized (DEX) exchange. It allows users to trade, earn, and win BEP20 cryptocurrencies. Moreover, PancakeSwap’s large userbase has already contributed over $11 billion in liquidity pools. Happy users can buy and sell anything on this DEX. Why? Because there is no registration, KYC, and no hassle. So, anyone can trade any BEP20 token on Binance Smart Chain in seconds with low fees by connecting his wallet.

Services on PancakeSwap
PancakeSwap’s products

PancakeSwap’s liquidity is the biggest among other decentralized exchanges on Binance Smart Chain. Moreover, unlike centralized exchanges like Coinbase or Binance, PancakeSwap’s users have 100% ownership of their crypto.

What’s the CAKE token?

CAKE is the BEP20 (BSC) token with plenty of utility values. First, it’s the governance coin for PancakeSwap. Also, holders can earn extra CAKEs with the Yield Farms. For instance, you can place your LP token in farms and earn additional income in $CAKE. Furthermore, people can earn trading fees by providing liquidity in pools. Finally, CAKE allows you to win valuable prizes. For example, token-holders can participate in regular lotteries, win collectible NFTs in fun games and win BNB by predicting prices.

However, the supply of CAKEs is not hard-capped. So, in theory, the CAKE’s supply is unlimited. However, the team makes regular burning and conducts public polls about the size of emission. Therefore, the voting process gives a voice to the PancakeSwap community members.

How to buy Cake tokens?

Purchase Cake tokens for BNB, ETH, USDT, or WBTC in three simple steps:

  1. Fund your account with BNB, ETH, USDT, or WBTC. If you don’t have crypto, you can purchase Cake with a bank card in few minutes.
  2. Open Cake/BNB, Cake/ETH, Cake/USDT, or Cake/WBTC order book, and place your trade order to buy. Use this instruction if you don’t know how to place a trade order.
  3. Withdraw Cake tokens to your personal BEP20 wallet or hold them on the account.

How to buy Cake with Bank Card or Apple Pay?

buy $cake with bank card
Obtain CAKE with Visa, MasterCard, or Apple Pay

Use your bank card or Apple Pay to obtain PancakeSwap (Cake) tokens directly in minutes. Open the bank card processing page, enter the amount of Cake and your wallet address. Then click the Continue button. That’s it.

How to sell Cake tokens?

To sell Cake tokens for BNB, ETH, USDT, or WBTC, follow three steps:

  1. Deposit Cake tokens on your account.
  2. Open Cake/BNB, Cake/ETH, Cake/USDT, or Cake/WBTC order book, and place your trade order to sell. Read the instruction if you don’t know how to place a trade order.
  3. Withdraw BNB, ETH, USDT, or WBTC to your personal wallet or hold them on the account.

How to deposit Cake tokens?

To deposit Cake tokens into your Tokpie account, follow this guide. Also, make sure that you are going to deposit BEP20 tokens that relate to this smart contract address. If you deposit the wrong tokens or the wrong blockchain type, Tokpie could not identify your transfer.

Note: Tokpie doesn’t charge any fees for depositing.

How to withdraw Cake token?

To withdraw Cake tokens from your Tokpie account, use this instruction. Besides, you must have a BEP20 compatible wallet address to be able to withdraw tokens. Also, check the withdrawal commission.

Disclaimer

Also, please be aware that Tokpie charges a fee for the listing. Tokpie does not give any investment, legal, tax, financial advice, or warranty of token price performance.

Useful links to trade Cake

For any questions, contact Tokpie at https://t.me/tokpie.