Earn up to
0.12% APY in India
An in-depth guide on how to stake PancakeSwap (CAKE) in India
We have extensive data on staking PancakeSwap (CAKE) and we are excited to share some of this information with you.
We present you with various staking options featuring different coins that may pique your interest.
PancakeSwap (CAKE) is currently priced at $1.12 with a 24-hour trading volume of $9.76Cr. The market cap of PancakeSwap stands at $67.46Cr, with 29.19Cr CAKE in circulation. For those looking to buy or trade PancakeSwap, Binance offers avenues to do so securely and efficiently
Staking PancakeSwap can be an excellent choice for those looking to hold CAKE while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.
To stake PancakeSwap, you first need to acquire it. To obtain PancakeSwap, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
Once you have CAKE, you'll need to choose a PancakeSwap wallet to securely store your tokens. Here are some reliable options available in India.
| Platform | Coin | Staking rewards in India |
|---|---|---|
| Binance | PancakeSwap (CAKE) | Up to 0.12% APY |
| Bitmart | PancakeSwap (CAKE) | Up to 1% APY |
We recommend using a staking pool when staking CAKE. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their CAKE, increasing their chances of validating transactions and earning rewards. You can easily do this through your wallet's interface.
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.
When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
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