How to Buy, Send, Store, and Sell PancakeSwap (CAKE) in 2022

Welcome to coinobear guide. In this post, we are going to show you how to Buy, Send, Store, and Sell PancakeSwap (CAKE) in 2022 

Welcome to coinobear guide. In this post, we are going to show you how to Buy, Send, Store, and Sell PancakeSwap (CAKE) in 2022 

What is PancakeSwap?

PancakeSwap is an automated market maker (AMM — a decentralized finance (DeFi application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain.

Features of PancakeSwap Coin

PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP tokens in return.

 

How to Buy PancakeSwap (CAKE) in 2022

KuCOin

0.1% spot trading fee; 0.5% Instant Buy/Sell fee

KuCoin is a secure cryptocurrency exchange that makes it easier to buy, sell, and store cryptocurrencies like BTC, ETH, KCS, SHIB, DOGE, Gari etc. Discover promising coins that cannot be found on other crypto exchanges. Interact with global crypto investors and gain access to timely and trusted crypto news. The KuCoin platform was designed for investors of all types, with 24/7 world-class services in your preferred channel and language.

Kucoin Features

  • 24/7 Customer Service
  • Maker Fee – 0.1% to -0.005%
  • Over 600 cryptocurrencies are supported.
  • Multiple payment methods.
  • Low trading fee

Binance

0.1% spot trading fee; 0.5% Instant Buy/Sell fee

Binance is a cryptocurrency exchange that is the largest exchange in the world in terms of the daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high-frequency trading software.

Binance Features

  • Low fees, comprehensive charting options, and hundreds of cryptocurrencies
  • 0.10% spot-trading fees, 4.5% for debit card purchases
  • More than 600 for global traders on Binance, and more than 100 U.S. investors on Binance.US
  • Two-factor authentication (2FA)verification, Federal Deposit Insurance Corporation (FDIC)-insured United States dollars (USD) balances for Binance.US, device management, address whitelisting, cold storage
  • Limit order, market order, stop-limit order, trailing stop order, post-only order, peer-to-peer trading, margin trading, one-cancels-the-other order, and more
  • Limits differ based on the cryptocurrency purchased

 

How to Store PancakeSwap (CAKE) in 2022

Ledger Wallet

Ledger’s hardware wallets are multicurrency wallets that are used to store private keys for cryptocurrencies offline. Conducting transactions using cryptocurrencies requires the use of cryptographic private keys. But these keys, which are generally stored online, are susceptible to theft and hacks.

Store PancakeSwap CAKE in Ledger Wallet

Earn 30% APY by Staking PancakeSwap (CAKE)

Store your PancakeSwap  (CAKE) on Cake Defi and Earn Upto 30% APY – Click Here to Earn 30% APY
Get 30$ Worth Defi On Signup BonusClick Here

Cake Defi, a crypto fintech platform based in and regulated in Singapore with over $1 billion in managed customer assets, has invested $100 million of its own money to form the new Cake DeFi Ventures (CDV) investment arm, according to a press release provided to CoinDesk

Cake Defi Provides Highest Staking Rewards For Staking Crypto coins. Get 30$ Worth Defi On Signup BonusClick Here.

Pros :

  • Easy Withdrawals
  • Fast Processing
  • Staking Rewards in Real TIme
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