CAKE

    PancakeSwap

    CAKERank #90
    ₹182.86▲ +0.31%
    Market Cap
    ₹6,328 cr
    24h Volume
    ₹445.9 cr
    All-Time High
    ₹3,259.75
    Circulating Supply
    34,60,66,993 CAKE

    What is PancakeSwap?

    PancakeSwap is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain. It is fast, cheap, and allows anyone to participate.

    How to Buy PancakeSwap in India

    The easiest way to buy PancakeSwap (CAKE) in India is through an FIU-registered Indian exchange. Here's how:

    1. Create an exchange account: pick an exchange that appears on the FIU-IND register and complete KYC verification (Aadhaar and PAN).
    2. Deposit INR: add funds by UPI, IMPS or bank transfer.
    3. Search for CAKE: use the search bar to find PancakeSwap, then tap it to open the trading pair.
    4. Place your order: enter the amount in INR you want to invest. Use a market order to buy now, or a limit order to set your price.
    5. Secure your holdings: your CAKE sits in your exchange wallet. For large amounts, consider moving it to a hardware wallet.

    Tax on PancakeSwap in India

    30% flat tax on all crypto profits under Section 115BBH of the Income Tax Act. No deductions allowed except cost of acquisition.

    1% TDS on all crypto transactions above ₹10,000 under Section 194S. This is deducted automatically by Indian exchanges and can be claimed as credit when filing ITR.

    Losses from PancakeSwap trading cannot be set off against gains from other cryptocurrencies or any other income. Each transaction is taxed independently.

    For a complete breakdown of crypto taxation in India, including ITR filing steps and airdrop rules, read our Crypto Tax India 2026 Guide.

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