PancakeSwap is an AMM – automated market maker – and decentralised exchange that allows the swapping or exchanging of two BEP20 tokens on the Binance Smart Chain. Using this AMM, users on PankcakeSwap trade against a liquidity pool of user funds that can be deposited into. In return, users receive liquidity provider tokens which can be used to reclaim shares and get a portion of trading Pancakeswap fees. The PancakeSwap Finance platform now also supports some additional services such as “Syrup Pools” and “Lottery”.
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About PancakeSwap (CAKE)
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How to Buy PancakeSwap (CAKE) in Australia
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What is Yield Farming & Syrup Pools?
Syrup Pools allows users to distribute their CAKE tokens using the Binance Smart Chain to participate in new token distributions that get supported on the platform referred to as liquidity pool tokens (LP tokens). The Syrup pools are split into two major sections (Community & Core). Core projects are released to the members of PancakeSwap team first with Community Syrup pool options being released to the users participating on the platform. Tokens that are chosen to be listed on the Syrup Pool are decided via the voting governance component of PancakeSwap. Some of the paired tokens are BNB, ALICE, NULS, DODO that can be used to generate the LP Tokens.
Syrup Pools have two components of “earning” to them (a multiplier value and a APY %). When “Harvesting” from these pools you harvest CAKE tokens. To get your tokens on the platform; PancakeSwap allows you to connect your Binance Smart Chain Wallet, Metamask to allow Yield Farming on its platform!
How do I buy CAKE tokens?
You can buy CAKE tokens on the PancakeSwap decentralised exchange by swapping another token such as BNB (Binance Coin). Alternatively, you can easily buy CAKE on the Swyftx cryptocurrency exchange. To create your account, click the 'Sign Up' button at the top of this page. You'll be asked to provide a few personal details such as your name, email address and phone number. Once your account is created, you'll then need to verify your account by submitting a photo of your identification. We accept forms of government-issued photo identification such as drivers license, passport etc. Verifying your account usually only takes a few minutes and once completed you can deposit funds into your account. Swyftx allows you to deposit AUD via bank transfer, credit/debit card, POLi or PayID. When your funds have successfully landed in your account, you can buy CAKE token and hundreds of other assets listed on the Swyftx trading platform.
Where is the best place to buy PancakeSwap?
The best place to buy PancakeSwap is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade PancakeSwap and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
How is the price of PancakeSwap determined?
The price of PancakeSwap is determined by the forces of supply and demand in the market. Similar to other assets, the price of PancakeSwap is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for PancakeSwap are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
Can I buy PancakeSwap with credit card?
Swyftx does not allow you to directly buy PancakeSwap with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy PancakeSwap instantly.
CAKE Buys and Sells
By number of orders
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Period: Last 24 hours
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Disclaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.