Metamask: How to Stake BNB/CAKE on PancakeSwap via Binance

·

Cryptocurrency staking has become one of the most accessible ways for investors to earn passive income in the decentralized finance (DeFi) space. In this comprehensive guide, we’ll walk you through the entire process of transferring BNB from Binance to your Metamask wallet, swapping it for CAKE on PancakeSwap, and staking your tokens to earn rewards through automatic restaking — all with clear, step-by-step instructions.

Whether you're new to DeFi or looking to expand your yield farming strategies, this tutorial is designed to be beginner-friendly while delivering actionable insights. By the end, you’ll understand how to leverage popular tools like Metamask, Binance, and PancakeSwap to start earning returns on your crypto holdings.

Step 1: Transfer BNB from Binance to Metamask Wallet

Before interacting with decentralized platforms like PancakeSwap, you need to move your assets from a centralized exchange (like Binance) to a self-custody wallet such as Metamask. Here's how:

  1. Log in to your Binance account and navigate to the top-right corner, then click on "Wallet" > "Spot Wallet (Deposit & Withdraw)".
  2. Locate BNB in your asset list and click "Withdraw".
  3. Enter your Metamask wallet address (starts with 0x).
  4. Select the BEP20 (Binance Smart Chain) network as the withdrawal network.
  5. For first-time transfers, it’s highly recommended to send a small test amount (e.g., 0.01 BNB) to confirm everything works correctly.
💡 Pro Tip: Always double-check the recipient address and network. Sending funds via the wrong network may result in permanent loss.
  1. Confirm the transaction details, including withdrawal amount and fees (~0.0005 BNB). Complete the verification steps using SMS, email, and Google Authenticator if enabled.
  2. Once submitted, wait a few minutes for the transaction to process. You can track it using a blockchain explorer like BscScan.
  3. Open your Metamask wallet, ensure it’s set to the Binance Smart Chain (BSC) network, and verify that the BNB has arrived.

👉 Start earning crypto rewards today with a secure wallet setup

Step 2: Swap BNB for CAKE on PancakeSwap

Now that your Metamask is funded with BNB, it’s time to enter the world of DeFi by trading on PancakeSwap, the leading decentralized exchange (DEX) on BSC.

Connect Your Wallet

  1. Visit PancakeSwap and click "Connect Wallet" in the top-right corner.
  2. Choose Metamask from the available options.
  3. Approve the connection request in your Metamask extension.

Once connected, you’ll see your wallet address displayed, confirming successful integration.

Switch to Your Preferred Language

PancakeSwap supports multiple languages, including Traditional Chinese. To change the interface language:

This makes navigation easier if you're more comfortable reading in your native tongue.

Execute the BNB-to-CAKE Swap

  1. From the main menu, go to "Trade" > "Swap".

  2. In the swap interface:

    • Set BNB as the input token.
    • Set CAKE as the output token.
  3. Enter the amount of BNB you’d like to exchange. The platform will automatically calculate the estimated CAKE you’ll receive.
  4. Review the exchange rate and estimated gas fee.
  5. Click "Swap", then confirm the transaction in your Metamask wallet.

After confirmation, wait a few seconds for the transaction to be processed on-chain. You’ll now see CAKE tokens appear in your Metamask wallet under the correct token address.

Step 3: Stake CAKE Tokens for Passive Income

One of PancakeSwap’s most attractive features is its ability to generate yield through staking pools — particularly the Auto CAKE pool, which offers automatic compounding rewards.

Access the Syrup Pool

  1. On PancakeSwap, click "Earn" in the navigation bar.
  2. Navigate to "Pools" and locate the "Auto CAKE" option.
📌 APY Explained: The Annual Percentage Yield (APY) reflects compounded returns. For example, an APY of 76.1% means your earnings are reinvested automatically, increasing future payouts over time — assuming consistent rates.

Begin Staking

  1. Click "Stake" next to the Auto CAKE pool.
  2. Enter the amount of CAKE you wish to stake (e.g., 10 CAKE).
  3. Confirm the transaction in Metamask, paying attention to the gas fee (~0.0019 BNB depending on network congestion).
  4. Wait for confirmation on-chain.

Once completed, you’ll see:

Your staked tokens will now begin earning yield, with rewards automatically reinvested — maximizing compounding growth without manual effort.

👉 Discover how easy DeFi staking can be with integrated tools

Frequently Asked Questions (FAQ)

Q: What is the difference between BEP20 and ERC20 networks?

A: BEP20 is the token standard used on Binance Smart Chain, while ERC20 is used on Ethereum. They function similarly but operate on different blockchains. Always ensure you select BEP20 when transferring BNB to interact with PancakeSwap.

Q: Is staking CAKE risky?

A: While staking itself is generally safe, DeFi involves risks such as smart contract vulnerabilities, impermanent loss (in liquidity pools), and market volatility. Only stake what you’re comfortable holding long-term.

Q: Why do I need BNB in my wallet besides CAKE?

A: BNB is required to pay transaction fees (gas) on the Binance Smart Chain. Even when staking CAKE, you’ll need a small amount of BNB to cover these costs.

Q: Can I unstake my CAKE anytime?

A: Yes, you can withdraw your staked CAKE at any time from the same Pools section. However, doing so frequently reduces the benefit of compounding returns.

Q: Does PancakeSwap charge fees for swapping or staking?

A: PancakeSwap charges a small swap fee (built into price impact), and users pay network gas fees in BNB. There are no additional platform fees for staking.

Final Thoughts & Next Steps

You’ve now successfully transferred BNB from Binance to Metamask, swapped it for CAKE on PancakeSwap, and started earning passive income through automated staking. This workflow exemplifies how seamless DeFi participation can be — even for beginners.

As you grow more confident, consider exploring other yield opportunities like:

Remember: security is paramount. Never share your seed phrase, use trusted platforms only, and keep software updated.

👉 Secure your crypto journey with advanced wallet protection features

By mastering these foundational steps, you’re well-positioned to take full advantage of the evolving DeFi ecosystem — where financial autonomy and innovation meet.