How to Stake PancakeSwap (CAKE)

Introduction

Staking PancakeSwap can be an excellent choice for those looking to hold CAKE while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire PancakeSwap (CAKE) Tokens

   To stake PancakeSwap, you first need to acquire it. To obtain PancakeSwap, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   PrimeXBT	PancakeSwap (CAKE)	1,81 APY
   YouHodler	PancakeSwap (CAKE)	1,81 APY
   Binance	PancakeSwap (CAKE)	1,81 APY
   BTSE	PancakeSwap (CAKE)	1,81 APY
   Coinbase	PancakeSwap (CAKE)	1,81 APY
   Kraken	PancakeSwap (CAKE)	1,81 APY

   View all 55 prices

2. 2. Select a PancakeSwap Wallet

   Once you have CAKE, you'll need to select a PancakeSwap wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   Binance	PancakeSwap (CAKE)	Up to 0,12 % APY
   Bitmart	PancakeSwap (CAKE)	Up to 1 % APY

   Discover all 5 staking rewards available

3. 3. Delegate Your CAKE

   We recommend using a staking pool when staking CAKE. It's simpler and faster to get started. A staking pool is a collective of validators who pool their CAKE, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

   You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the PancakeSwap network. For these validations, you will be rewarded with CAKE.

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.