Just released - our 2023 Crypto Trading Handbook

Learn more

Buy PancakeSwap (CAKE)

$0.00

0.00%

AUD

CAKE

We charge a trading fee of 0.6% on all trades along with the spread

Global Rank

Current global rank based on market cap.

Market Cap

The total value based on current price x supply.

24Volume

The total value traded in the past 24hrs.

All Time High (ATH)

The highest dollar value 1 has sold for.

Trade Activity

The % of buy and sell on Swyftx within past 24hrs.

Global Rank

#0

Market Cap

$0.00

24hr Volume

$0.00

24hr Change

0.00%

What is PancakeSwap?

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”.

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!

PancakeSwap Lottery?

Another component of PancakeSwap is its Lottery. Users of the platform can enter by using 1 CAKE to enter 1 Entry into the Lottery. Although Crypto Lottery’s within Australia are currently illegal, participating users from other countries are given a random 4 digit combination with each number of that combination being between 1-14.

If you win the lottery you win 50% of the entire lottery pool and you will need to match all 4numbers on your ticket in the same order as that of the chosen numbers.

On top of the simple Lottery system, the lottery is held 4 times a day, every 6 hours! For more information how the Lottery operates and how the numbers are determined be sure to check the PancakeSwap Lottery Docs.

Cake Token Supply

CAKE has no hard cap on its supply however the token does undergo burning, the process of making its tokens unusable. One way that CAKE does this is by burning 10% of its tokens during the lottery that is conducted along with doing regular burns. One of the major tokenomic points of CAKE is to ensure deflation of the token is always higher than its emission. This balance of supply is what helps to incentivise people to buy Pancakeswap CAKE tokens and adding to the liquidity cake pools along with managing the price change of the CAKE token.

How to 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.

Why use Swyftx to buy PancakeSwap (CAKE)?

How to buy
PancakeSwap (CAKE)

Get started

Lowest Fees

Swyftx Cryptocurrency Exchange offers low trading fees and small spreads.

Instant Verification

Verify online instantly without uploading documents.

Secure Accounts

Breached password detection and Two Factor Authentication help protect your account from scammers.

want to trial our platform?

Risk free demo mode

Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.

Rated 4.8 out of 5 based on 1960 reviews

Excellent

3970 Reviews

Ash
Really easy to follow online with trailered support when you need it
Saffa Stacker
Easy to use app, low fees and in my opinion very secure.
Amanda Quartermaine
The site is easy to use, even for the novice, there are real people to talk to if you run into any problems and it's an Australian site.
Scott Hunter
Simple to use, and because I was new to crypto the live chat was and is invaluable
Mathew Lindner
Great customer service, very easy to deal with. Easy to use platform, and everything is clearly shown so you know what to expect.
Craig Wright
Good stuff. Very fast online help. available on both web browser and mobile app. you can see all fees up front. Bad Stuff. web browser logs you out very, very often. I have to sign in maybe 20-50 times a day :( browser wont let m...
Paul
Easy to use, intuitive UI
Song
I have been with swyftx for a number of years and I like that it is a reliable crypto exchange. I have had recent queries and when I contacted them, they had gotten back to me promptly and was very helpful
Mads
Kurt's quality of customer service is always very prompt, thorough and I always recommend Swyftfx in any relevant conversation due to the quality of customer serviced I received when dealing with Kurt... And Malek! Super thorough!
Nicholas Howitt-Steven
Simole to use and support is great. Issues dealt with in a more then timely fasion. Love Swyftx and their team.

OUR TOP FEATURES

Why choose Swyftx?

AUD Deposit and Withdrawals

Deposit and Withdraw AUD via PayID, OSKO, Bank Transfer & POLi

Recurring Orders

Automate your crypto investments.Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.

Stop, On Trigger & Market Orders

Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.

Advanced 2FA & Password Security

Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.

Want to trade on the go?

Download the app

Download our App and buy, sell and trade Crypto anywhere at any time.

330 reviews
526 reviews