Stake BNB to Earn CAKE — Guide
Published in
2 min readNov 27, 2020
First, you need a Binance Smart Chain wallet:
📱Trust Wallet (Guide) ⇦ Easiest to setup
💻 Binance Chain native (Guide)
💻 Metamask (Guide)
Remember to securely back up your recovery phrases regardless of which wallet you use.
Next, withdraw BEP20 BNB from your Binance account to your Binance Smart Chain wallet address.
Lastly, stake your BNB.
Go to the “Pool” page and find the “CAKE Pool” with the Binance tag at the bottom. Approve the BNB spending, then stake your BNB.
What can you do with your CAKE rewards?
Stake your CAKE in one of the other pools to earn even more rewards!
Buy lottery tickets for a chance to win big!
Trade your CAKE on the exchange for other tokens.
If you have any questions at all, let us know on the PancakeSwap Telegram channel 🐰 t.me/pancakeswap