How to Stake PancakeSwap (CAKE) in the UK

Introduction

Staking PancakeSwap can be an excellent option for those who wish to hold CAKE while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain PancakeSwap (CAKE) Tokens

   To stake PancakeSwap, you need to possess it. To obtain PancakeSwap, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   PrimeXBT	PancakeSwap (CAKE)	1.8
   YouHodler	PancakeSwap (CAKE)	1.8
   Binance	PancakeSwap (CAKE)	1.81
   BTSE	PancakeSwap (CAKE)	1.81
   Coinbase	PancakeSwap (CAKE)	1.8
   Kraken	PancakeSwap (CAKE)	1.81

   View all 55 prices

2. 2. Choose a PancakeSwap Wallet

   Once you have CAKE, you'll need to choose a PancakeSwap wallet to store your tokens. Here are some suitable options.

   Platform	Coin	Staking rewards
   Binance	PancakeSwap (CAKE)	Up to 0.12% AER
   Bitmart	PancakeSwap (CAKE)	Up to 1% AER

   View all 5 staking rewards

3. 3. Delegate Your CAKE

   We recommend using a staking pool when staking CAKE. It's simpler and quicker to get started. A staking pool is a group of validators who combine their CAKE, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the PancakeSwap network. You will be rewarded with CAKE for these validations.

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.