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Staking Cake on Pancake Swap | The Truth about Staking Crypto for Passive Income

Staking Crypto is a popular idea for getting passive income. In this video I’ll explain how to do it and is it really possible. Pancake Swap is one of many crypto exchange platforms that allow you to stake its own coin called “cake”. The interest rate is very high - over 100% APY. But if you think that this high interest rate on staking will allow you to double your investment within a year - you might be wrong. The interest rate is so high because the coin is not stable. Nevertheless if you understand and accept the risks, you might want to try to stake your cakes for some exta income. The new feature on PancakeSwap called Auto Cake allows you to stake your cake and benefit from the compound interest at the same time. If you decide to register on Binance, please use my affiliated link: https://www.binance.com/en/register?r... Links to other playlists: Investing on Etoro:    • Investing on Etoro   Investing into Cryptocurrencies:    • Investing into Cryptocurrencies   Investing on Vanguard UK:    • Investing with Vanguard   Here are some of my affiliated links which you can use: Start Copy Trading with Etoro: https://bit.ly/2Rcp7EA Get 10$ worth of Bitcoin for free: https://www.coinbase.com/join/argent_8 Get a Free Share worth up to 200£: https://magic.freetrade.io/join/gary/... Time Stamps: 00:00 Introduction 01:20 What is Staking? 02:22 Why interest rates are so high 03:32 What is Pancake Swap? 05:07 What is Cake Token? 05:48 How to stake cakes 06:45 Why I chose Auto Cake staking 07:17 How to choose a coin for staking? 09:42 The Truth about Passive Income 10:24 Main info about Auto Cake 12:12 Manual Cake None of the information I give in my videos is a financial advice and it has to used in entertainment purposes only. Thank you!