There are an infinite number of alternatives to coins and tokens like Bitcoin and Ethereum. These alternatives can be just as lucrative as these well-known coins. MANA and CAKE are two of these alternatives, and it is possible to exchange them anonymously on Godex through a simple five-step process without KYC.
What Is Decentraland and PancakeSwap Exchange Pair?
Decentraland is a virtual reality-powered environment in which users can purchase LAND and modify it any way they please. It is also referred to as a “metaverse.” There is no limit to the possibilities on this platform, as users can create casinos, exhibits, and other attractions. The platform is powered by the ERC-20 token MANA, which is the medium of exchange for buying and selling on the Decentraland platform.
Pancake Swap is a decentralized exchange on the Binance Smart Chain. It works by using automated permissionless liquidity pools. CAKE is the token that powers this exchange. Users can earn rewards by staking CAKE, a practice known as “farming,” and receive more CAKE in return. Additionally, Pancake Swap users can participate in lotteries every six hours. Tickets cost six CAKE tokens.
In the last year to date, MANA has been trading for under a dollar, with the exception of April and May 2021, but recently the price has risen to $3 as more people have become interested in metaverses.
Contrarily, CAKE started April and May 2021 by reaching record prices, but it fell in value and currently sits at around $12 per token. However, this low price means there is plenty of room for growth if investors get interested in it.
How to Swap MANA to CAKE in 2022
Conducting a MANA to CAKE exchange is effortless if you use Godex. One of its primary benefits is how easy it is to use. All you have to do is follow these simple steps:
- Select the Exchange Pair: Enter MANA in the sending field and CAKE in the receiving field. Input the amount you want to exchange.
- Enter Wallet Address: After you enter your wallet info, the exchange will generate an address for you to send your coins to. They will be available within 5-30 minutes.
- Receive Your Coins: Take your funds and do with them as you please without having to provide any identifying information.
- See All Exchange Details: You can see all the trade details once the transaction is complete. You can also repeat the operation as many times as you want.
You can use other exchange services, like Binance and Coinbase, too. These are among the largest cryptocurrencies in the world and have high liquidity, millions of users, and other advantages. However, users have to go through KYC procedures to conduct trades. This means surrendering valuable personal information to strangers. Considering how many sites have been hacked, this is not a good idea. On Godex, there is no chance of you losing sensitive personal information to hackers because you do not have to provide it.
Why Is Godex the Best Place to Exchange MANA to CAKE?
Besides being simple and easy to use, the Godex crypto exchange has several additional benefits other exchanges lack:
- Anonymous: Godex does not require customers to provide identification to trade. Nor does Godex have KYC. All customers have to do is go to the site and start making exchanges.
- Best Rates: Rates are locked during the course of the transaction. That way, customers can exchange their coins for the best possible rates.
- More Than 300 Coins: Not only can customers trade MANA and CAKE, but there are other coins and tokens like Bitcoin, Ethereum, and other less-known cryptocurrencies.
- Authenticity and Security: Godex is a trusted exchange that uses strong digital security tools to protect itself and its users. These security features include SSL certificates, DDoS protection, secured servers, and the most robust security protocols available.
- User Experience: Godex has a 4.8 rating out of a possible 5 on TrustPilot, with countless users leaving positive reviews.
Other benefits include exchanges that take 5 to 30 minutes to complete and customer service that promptly responds to customer inquiries. Also, there are no limits on how many times a customer can trade.
MANA and CAKE are great investments for 2022, and Godex is one of the best platforms to get started with investing in them. It is one of the few exchanges that is truly anonymous. Also, it is secure, trusted, and allows users to trade at the best possible rates.