How to Buy PancakeSwap CAKE Token Anonymously With No KYC

PancakeSwap (CAKE) is a native cryptocurrency of the PancakeSwap decentralized exchange (DEX). This is the biggest and most popular exchange operating on the BNB Chain that allows users to trade tokens without having to use centralized platforms. It provides a wide range of products, and it has been known for being innovative and quick to add new products and tokens.

However, the easiest way to buy PancakeSwap tokens is via Best Wallet, and this guide will explain why.

Why Buy PancakeSwap With Best Wallet?

There are several reasons why you should buy PancakeSwap with Best Wallet, rather than other exchanges, whether CEXes or DEXes. First of all, Best Wallet is primarily a wallet that provides the ability to buy cryptocurrencies within it, and as such, it doesn’t require you to complete the KYC procedure. This means that you can buy PancakeSwap coin anonymously, which is not possible on centralized exchanges.

Secondly, it is a multi-chain wallet, which means that it supports a variety of blockchains, as well as their native cryptocurrencies. This allows you to buy any crypto from different supported chains and freely swap them for one another, which is something you cannot do in DEXes, which are limited to tokens running on their native networks.

Beyond that, Best Wallet is also an excellent choice for portfolio management, thanks to its multi-wallet feature. This allows users to connect their other wallets to Best, and monitor and manage their cryptos from one place, without the need to check out multiple wallets individually.

Security is also top-notch, thanks to the fact that Best Wallet is non-custodial, making you the only person in control of your private and public keys. As such, you are also the only one with access to your cryptos, and not even the wallet’s developers can reach your funds.

Finally, Best Wallet also offers an Upcoming Tokens section, where you can invest in early-stage opportunities by buying cryptocurrencies that are still in the pre-launch stage. This means buying early, while their prices are still low and unaffected by the demand and market trends.

How To Buy PancakeSwap Crypto In Best Wallet?

Now that you know why you should use Best Wallet, it is time to discuss how to do it. First, note that Best Wallet is a mobile-only wallet, meaning that you cannot use it on your PC. If you prefer to buy from a PC and are wondering where to buy PancakeSwap coin anonymously, your best bet is MEXC exchange, which doesn’t require KYC for spot trading, but it does for more advanced features.

If you prefer buying from your smartphone or tablet, you can use Best Wallet, which is available on both Android and iOS. Simply go to your local app store and download it for free. Both the download and installation are quick and should be over within seconds. Then, open the app and sign up.

The registration is fast as well, thanks to not needing KYC. All that you need is an email address, and you will be ready to buy CAKE.

Once you are done with the registration, tap on the Trade tab, which is the second tab on the left at the bottom of the screen. This will list a variety of token management options, such as Buy, Send, Swap, and Receive. There is also a History option, which will let you see your past transactions once you make some.

For now, tap the Buy option, and you will see the list of all available cryptos. Look up PancakeSwap, either by scrolling or through the search feature, and tap on its name. You will be taken to the buying screen, where you can enter your preferred payment method and fiat currency, the amount of CAKE you wish to buy, or the amount of fiat you wish to spend.

Once you are done with that, tap the Buy CAKE button at the bottom of the screen, and you’re done.

New Opportunities Are Coming To Best Wallet

As mentioned earlier, Best Wallet already supports multiple blockchains, but this is only the beginning. The wallet’s goal is to add support for over 60 chains and offer one of the most diverse collections of cryptos available for purchase and swaps in the industry.

However, this is not something that can be done at once. Instead, the wallet’s developers are enabling support for new blockchain networks and their native cryptos through updates, such as its most recent expansion known as v2.10. 

This new version added support for the Solana blockchain, as well as its native coin, SOL, and also many other Solana-based cryptos. In addition to that, it also introduced Bitcoin swaps, allowing users to swap BTC for any other supported coin, and vice versa.

Swap fees also received some work, which made them more transparent. Now, users can see how much they have to pay for swaps before they start the process. 

The new update also introduced gamified rewards and a point system, where users receive points for regularly interacting with the wallet. Later, they can use those points to redeem various rewards. The wallet now also fully supports the Korean language, and it introduced a new on-ramp provider, Wert, which lets users from even more countries buy PancakeSwap coin and other cryptos using fiat currencies.

Should You Buy PancakeSwap?

PancakeSwap is an important crypto in the BNB Chain’s ecosystem, as it enables easy access to other BNB-based tokens. However, it can also be a valuable investment if you want it for its value. 

PancakeSwap price has seen 44% increase on a yearly basis, which brought it to its current value of $2.60. But, in the last 12 months, the token has soared much higher than that, reaching the value of $4.19, and dropping to $1.36. In other words, there are many opportunities to buy low, sell high, and make a profit.

It currently sits at the 85th place on the list of largest cryptos, with a market cap of $895.7 million. Thanks to its listing in the Best Wallet app, you can easily buy it or swap it for a different crypto at any time, or simply use it to diversify your portfolio and bring greater value to it.

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