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

3828 Reviews

Mick Morris
I received a security support call the first time, I tried to move assets to another wallet. As a new user this was reassuring that they actually have good security systems.
Nathan
My inquiry was responded to quickly, & Swyftx’s service was both professional & friendly. I also received follow up emails/messages to check that everything was ok - outstanding customer service. I have found Swyftx to be modern...
Vamsi Chowdary
Very good customer support for changing mobile number
James B
Swyftx was easy to set up, with clear instructions and a nice layout. It's easy and fast to use. What I have been most impressed with is their customer service. Fast, helpful and personal. An actual person responding, not being re...
Jodi Crane
The staff in chat are very polite and helpful. Seems to be a pretty easy platform to navigate around in. Lots of help info and they seem very thorough.
Jason
Used the in app chat for a question and received a prompt reply within the app and an email. Also deposited funds are available within 5 minutes and withdrawals to my bank account have been instant (after the first withdrawal wh...
Joel dCB
I’m really impressed with the quick, personable customer service I receive from the gang at Swyftx. Also, Swyftx has a great app which is super easy to navigate. Finally, I have found that withdrawals of AUD arrive back in my ba...
Tom Dawson
The support team over at Swyftx were efficient and friendly when I needed a hand adding a referral to my account for the 2nd time. Thanks!
Ray Hinde
Great service. I had an issue with a withdrawal not going through. When I contacted swyftx to query it they began fixing it right away and it went through soon after. Gold.
James Lock
I set up an SMSF with Swyftx which requires a few steps outside of their usual sign up process. I've also added additional accounts which needed 'custom' KYC verification, and every time they were more than willing to work with me...

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