Best Online Casino Sites for PancakeSwap (CAKE)
This article provides a full breakdown and step-by-step guide to everything you need to know about PancakeSwap online casinos, including how to buy CAKE, how to deposit it on a casino site, how to bet with it, and how to choose the best crypto casino that accepts CAKE.
How do PancakeSwap Bonuses and Promotions Work?
Cryptocurrency casino sites are able to offer players highly competitive bonuses and promotions that, in most cases, are bigger and better than the promos available on traditional casino sites that only accept fiat currency. Most PancakeSwap casino sites offer a combination of free spins, new player bonuses, special promos, and no deposit bonuses.
Some of the most commonly offered promos and bonuses on PancakeSwap casino sites include:
- Matched deposit bonuses: This type of bonus is applied to the first deposit a player makes to a new account on a casino site, and in most cases offers a 100% match in bonus cash on the deposit.
- Cash bonuses: Some crypto casino sites offer preset amounts of cash as a welcome bonus on a first deposit rather than offer a matched deposit bonus, such as a $200 welcome bonus. Cash bonuses can also be applied as VIP rewards or reload bonuses
- Reload bonuses: These bonuses are applied to consecutive deposits in order to incentivize second, third, and ongoing reloads. Some reload bonuses offer smaller cash bonuses, while others may offer smaller matched percentage bonuses that diminish over the course of multiple deposits.
- Free spins: Many sites offer free spins on CAKE slots or roulette as deposit or VIP rewards
Special promo codes and bonus codes for PancakeSwap casinos often become available for limited amounts of time on certain sites. Coin Clarity provides a regularly updated list of sites that offer promo codes in the table at the top of this article.
How to deposit CAKE at Online Casinos
Sending your CAKE to a crypto casino is a relatively simple process. Unlike traditional payment methods such as bank transfers or payment processors, there’s no need to include complicated information such as bank account numbers or routing numbers, and no need to wait several days for your transaction to clear.
In 2022, players have several different deposit methods to choose from including:
- Mastercard credit or debit card
- Visa debit or credit card
- Other popular digital payment gateways
All you’ll need to deposit your CAKE on a crypto casino site is your PancakeSwap wallet address on the site you want to play on. You’ll typically find this information in the “wallet” or “account” section of the site. You’ll need to copy this address, then create a new withdrawal transaction on the exchange you purchased your CAKE from. Once you click “send,” your transaction should be complete in 20-25 minutes.
How do PancakeSwap Casino Withdrawals Work?
If you’re ready to withdraw your CAKE winnings from a crypto casino site, you’ll need to decide on the type of crypto wallet you’ll use to receive your payout. The steps involved in withdrawing winnings from a crypto casino are the same as making a deposit — all you’ll need is a crypto wallet address that supports CAKE, which you’ll provide to your casino site when you make a payout request.
If you want to sell your CAKE winnings for cash or trade them for other cryptocurrencies, you’ll need to withdraw them to a cryptocurrency exchange wallet on an exchange that lists PancakeSwap. If you purchased your CAKE by following the steps outlined in the “how to buy PancakeSwap” section of this article, you can simply withdraw your CAKE back to the same wallet you made your initial deposit from.
If you want to store your PancakeSwap for later, it’s best not to store it in a “hot” hosted wallet on a crypto exchange site or a casino site. It’s far more secure to store cryptocurrency in a dedicated hardware or software crypto wallet.
What PancakeSwap Casino Games Can I Play?
CAKE casino sites are very similar to traditional online casinos with regard to the types of casino games and action that they offer. Most crypto casino sites that accept PancakeSwap offer a wide selection of PancakeSwap slots, PancakeSwap roulette, PancakeSwap blackjack, and PancakeSwap poker.
It’s important to note that some sites allow deposits in PancakeSwap but allow players to bet only USD, EUR, or other fiat currencies, or allow deposits in a wide range of different cryptos but execute all bets in Bitcoin or another primary cryptocurrency (If you’d prefer to bet in Bitcoin, read this).
Many PancakeSwap casino sites offer live poker and other live casino games, as well as offering regular PancakeSwap poker tournaments and PancakeSwap blackjack tournaments. The most important difference between PancakeSwap casinos and traditional casinos is the availability of instant crypto deposits and withdrawals and, in some cases, the availability of provably fair blockchain-based casino games.
Using PancakeSwap to Bet Online: What You Need to Know
Getting started with PancakeSwap casinos is relatively straightforward — once you’ve completed the steps outlined in this guide article, you’ll have chosen a CAKE casino site, made your first deposit, and will be ready to bet, withdraw, and trade your PancakeSwap casino winnings for cash or for other cryptocurrencies.
CAKE can be used in a variety of complex DeFi platforms, but there are some basic similarities between PancakeSwap and other cryptocurrencies that make it relatively easy to use for online casinos. If you’re new to using crypto to play casino games, the following tips and best practices will help you keep your crypto safe and your personal information secure:
- Anonymity: PancakeSwap is not an anonymous cryptocurrency like Zcash or Monero. Transactions made with CAKE are published on a public blockchain, which means it’s possible for transactions you make from a crypto exchange you’ve completed the ID verification process on to be linked to your data.
- Security: it’s important to only make deposits on cryptocurrency casino sites that have strong positive reputations for delivering on payouts. It’s also best to activate additional security features, such as two-factor authentication (2FA) wherever possible.
- KYC requirements: Some crypto casino sites that accept PancakeSwap offer relaxed or KYC-free casino games, or allow anonymous crypto casino gaming. Sites that are obligated to comply with Know Your Customer (KYC) regulations, however, may request KYC information from players that make withdrawal requests above a certain threshold.
Frequently Asked Questions:
Q: Are PancakeSwap casino sites safe?
A: There are a number of highly secure and reputable cryptocurrency casinos online today that accept PancakeSwap as a deposit and withdrawal method. Coin Clarity publishes a list of safe PancakeSwap casino sites at the top of this article, ranked on factors that include payout speed, player reviews, site security, and reputation.
Q: Is there a minimum deposit for PancakeSwap casino sites?
A: PancakeSwap deposits on crypto casino sites are generally flexible — many sites offer no minimum deposit, with maximum deposit amounts that can range as high as $5,000 to $10,000. Sites that offer special promos or bonuses on deposits, however, typically set minimum deposit amounts at between $10 and $50 worth of CAKE.
Q: Where can I bet with PancakeSwap online?
A: PancakeSwap can be used on crypto casino sites that accept CAKE to play CAKE slots, CAKE roulette, CAKE blackjack, and CAKE poker. It’s also possible to deposit PancakeSwap on crypto sports betting sites and bet CAKE on football, basketball, and many other sports. Other betting options for CAKE include horse racing betting or live betting.
Choosing the Best PancakeSwap Casino
PancakeSwap casino sites offer uses a wide variety of features. Like traditional sites, the features and action available on crypto casino sites that accept PancakeSwap can vary greatly. Before you sign up and make a deposit of CAKE on a casino site, it’s important to make sure that the site you’re considering meets your requirements.
Some of the factors you’ll want to consider before you make a deposit include the KYC requirements of the site, any withdrawal or wagering limits, and the availability of support. If you prefer to play live PancakeSwap casino games, it’s best to make sure the site you sign up for offers live-action options. Other factors to consider can include the availability of smartphone apps or mobile web versions, and overall site reputation and security.
Check the following features before you sign up for a cryptocurrency casino site:
- Customer support: Some sites offer better support than others, such as 24/7 live chat
- Payout speed: It’s best to look for sites that offer instant payouts. Coin Clarity lists the fastest-paying CAKE casinos in the table at the top of this article
- Live PancakeSwap casino games: You’ll need to make sure a site offers the live casino game features you’re looking for
- Bonuses and promos: Some sites offer special promo and bonus codes, or offer special welcome bonuses that are better than others
How to Buy PancakeSwap
The widespread popularity and adoption of PancakeSwap mean that CAKE is listed on most cryptocurrency exchanges. If you already have Bitcoin or another major cryptocurrency, it’s possible to trade BTC/CAKE pairs on many of the most popular exchanges.
If you don’t already have Bitcoin or another crypto, you’ll need to create an account on a crypto exchange and purchase CAKE directly. It’s possible to fund an exchange account with a bank transfer and trade fiat currency for CAKE, but this process can take several days — it’s much faster to buy CAKE instantly with a credit or debit card.
The basic steps involved in buying CAKE with a credit or debit card are as follow:
- Create an account on a crypto exchange that offers instant card purchases of CAKE, such as Binance US or Kucoin
- Complete the KYC and ID verification process to enable instant card purchases
- Link your credit or debit card to your exchange account
- Buy PancakeSwap instantly
Using a credit or debit card to buy PancakeSwap is faster than using a fiat currency-funded exchange account, but can occasionally incur a small additional card processing fee. Once you’ve purchased your CAKE, you’ll find your coins hosted in a wallet on the exchange you purchased them from.
At this point, you’re ready to deposit your CAKE on a crypto casino site.
CAKE is one of the few DeFi cryptocurrencies that has captured enough mainstream adoption to be listed as a deposit and withdrawal method on a number of cryptocurrency casino sites. Using PancakeSwap on casino sites offers players the option to withdraw their winnings and either trade them on exchanges or re-invest into the growing DeFi ecosystem.
Some of the advantages of using PancakeSwap as a banking option on online casinos include significantly higher betting limits and stakes, bigger jackpots, competitive bonuses and withdrawals, higher deposit and withdrawal limits, and, most importantly, instant withdrawals. If you’re looking for a popular DeFi coin for online casinos, PancakeSwap is one of the best options available.