How to buy and sell CAKE coin? Picture and text tutorial on CAKE coin trading

To purchase CAKE coins, you can opt for renowned cryptocurrency exchanges like OKX, Binance, Coinbase, Huobi Global, or Crypto.com.

Oct 24, 2024 at 11:08 pm

How to Buy and Sell CAKE Coin: A Step-by-Step Guide with Pictures

Step 1: Choose a Cryptocurrency Exchange

Ranked in the Order of Trading Volume for CAKE:

1. OKX
2. Binance
3. Coinbase
4. Huobi Global
5. Crypto.com

Step 2: Create an Account on the Exchange

1. Visit the website of the chosen exchange and click on "Sign Up."
2. Enter your email address and create a strong password.
3. Complete KYC verification (Know Your Customer) by providing personal information and identity documents.

Step 3: Deposit Funds

1. Once your account is verified, log in and click on "Deposit."
2. Select "Crypto" and choose the deposit method (e.g., bank transfer, credit card).
3. Follow the instructions to deposit the desired amount of funds.

Step 4: Search for CAKE

1. Navigate to the exchange's "Market" or "Trading" page.
2. In the search bar, type "CAKE" or "PancakeSwap."
3. Select the CAKE trading pair (e.g., CAKE/USDT, CAKE/BUSD).

Step 5: Buy or Sell CAKE

To Buy CAKE:

1. Click on the "Buy" button.
2. Enter the amount of CAKE you want to buy or the amount of money you want to spend.
3. Select the order type (e.g., market order, limit order).
4. Confirm the order and click on "Buy CAKE."

To Sell CAKE:

1. Click on the "Sell" button.
2. Enter the amount of CAKE you want to sell or the amount of money you want to receive.
3. Select the order type.
4. Confirm the order and click on "Sell CAKE."

Step 6: View Your Transactions

1. Click on the "Order History" or "Trades" section to view your recent CAKE transactions.
2. You can also track the status of your orders and view the execution price.

Step 7: Withdraw Funds

1. Once you have sold your CAKE and have sufficient funds in your account, you can withdraw them.
2. Click on "Withdraw" and select "Crypto."
3. Enter the withdrawal amount and the address of your external wallet.
4. Confirm the withdrawal and complete the necessary security checks.