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How to buy BakerySwap (BAKE) in South Africa

A beginner's guide to buying and selling BAKE in South Africa.

How to buy BakerySwap

Look for an exchange that supports both fiat and cryptocurrency to simplify buying BakerySwap.

  1. Open an account on an exchange that supports BAKE.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy BakerySwap.
  3. Buy BakerySwap.
    Complete your BakerySwap purchase and then find the best wallet to store BAKE.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is BakerySwap?

BakeryToken, in its most basic sense, can be thought of as a DeFi offering that is part of the larger BakerSwap ecosystem that has been built atop the Binance Smart Chain (BSC) and boasts of a decentralized automated market-making (AMM) protocol. In this regard, BAKE is the native token of the platform and according to CoinmarketCap, it is used to provide users with a wide range of liquidity rewards, voting rights, etc. Not only that, these tokens can also allow users to earn a share of BakerySwap’s trading fees.

BakerySwap (BAKE) is the 199th largest cryptocurrency in the world by market cap, valued at $375,905,526. The current price of BakerySwap is $1.96, which is -3.895% lower than yesterday. Prices have ranged between $2.09 and $1.95 over the past 24 hours. All prices are listed in US dollars and accurate as of October 24, 2021 07:10 UTC.

Where to buy BakerySwap

Find an exchange to buy, sell and trade BAKE by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

820
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
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Compare up to 4 providers

Is it a good time to buy BakerySwap?

The technical analysis gauge for BakerySwap displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of BakerySwap based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of BakerySwap: moving averages, oscillators and pivots. Finder is not responsible for how BAKE performs.


BakerySwap at a glance

Information last updated October 24, 2021 07:10 UTC.
Coin symbol BAKE
Coin Marketcap US$375,905,526
Total BAKE supply 277,237,400
Circulating BAKE 192,465,676
Current price US$1.96
All time high US$8.38

BakerySwap price performance over time

Historical prices compared with the price of US$1.96.

1 hour -1.69%
24 hours -3.90%
7 days -5.22%
14 days -0.33%
30 days 12.76%
60 days -30.35%
200 days 76.63%
1 year 9,752.19%

How to sell BakerySwap

You can cash out your BAKE with the same exchange you bought it through:

  1. Sign in to the exchange you have BAKE on.
    If you store your BakerySwap in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of BAKE you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of BakerySwap.

What to consider when buying BakerySwap

Some key aspects of BakeryToken worth considering include:
  • Solid operational design: BakerSwap has been built atop the Binance Smart Chain (BSC) as a result of which the BAKE token’s operational framework is BEP-20 based. BAKE rewards can be accrued via a host of different liquidity pools, including BTC, ETH, DOT, LINK, BUSD. Additionally, it bears mentioning that all BakerySwap transactions come with a flat 0.30% fee. Of this figure, 0.25% goes towards incentives for liquidity providers.
  • Incentive driven design: Individuals who provide liquidity to the BakerSwap ecosystem are provided with liquidity pool tokens that represent their share of each pool. These rewards can in turn be staked for additional incentives. Also, as per data available on ADVFN.com, BAKE has a total supply of 120,040,600 tokens.
  • Solid industry partnerships: BAKE is currently listed on a number of reputable cryptocurrency exchanges including Binance, Gate.io, Hotbit, AnySwap, amongst others.
  • Anonymous developer and founding team: Even though BakerySwap has been able to accrue a massive sum of liquidity since its launch, it should be highlighted that no details regarding the company’s founding or dev team exist online.

Disclaimer: Cryptocurrencies, including BakerySwap, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BAKE is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the BakerySwap or any other cryptocurrency discussed.


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