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 intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire PancakeSwap (CAKE) Tokens

   To stake PancakeSwap, you must first acquire it. To obtain PancakeSwap, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   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

   Check out 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 excellent options tailored for the Italian market.

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

   Discover all 5 staking rewards available to you

3. 3. Delegate Your CAKE

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

4. 4. Begin the Validation Process

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

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.