Bro love the channel but you gotta do something about your mic settings, every video I need to have the volume on max and it's still a little bit low. Great content otherwise. Cheers
I am doing research on 50x coins. Do you remember if CAKE had a lot of hype before it exploded in 2021? It looks like the CAKE token surprised everyone
@@cryptoforcanadians you should look into it as many peope want to trade stocks and crypto on a decentralizwd exchange and use futures contracts i think it will be very popular after everything that's happened with platforms like robinhpod and etoro manipulating peoples trades
great video, Ive liked and subscribed 👍 Ive just added some BNB-CAKE to a liquidity pool and i Just have some quick questions that id REALLY appreciate you answering: 1. Are the “trading fees” i get for providing liquidity to the pool paid in LP tokens? Trading fees and LP tokens are spoke about like they are 2 different things in some videos 2. When i deposit LP tokens to a farm, what are my coins being used for? Is a “yield farm” different to a “liquidity pool” and if so, how? 2. I tried allocating my LP tokens to the BNB-CAKE farm straight after i delegated my BNB-CAKE to the liquidity pool but i cant see the option to farm these LP tokens. When will i receive these LP tokens? And how often do i receive these LP tokens? Thanks and keep up the great content 🙏
Hi there! With all the problems with BSC, I haven't been able to trade on Pancakeswap for two days. Do you have any other suggestions of places to try for coins that aren't on Binance (like bonfire, happycoin for example). On reddit, someone was mentioning Bogged Finance but it was through their Trust Wallet. I am using Metamask + pancakeswap. Can you trade on bogged finance with metamask? Thanks for the help! Your videos have been the most helpful resource for getting into everything this week and I used your referral links.
Hey would you be able to do a risk benefit assessment on yield farming projects and a explanation on what all those terms are APY ect when it comes to staking, liquidity, and yield farming?? Thanks!
Risk assessment comes from time in the space. You just know what to look out for an piece together what's good and what's not. Risk assessment is a personal thing...I can't really say because everyone's risk management style is different.
What then do stand to gain after all. And maybe you need to break this video down to clips so as to buy you time to slow down and give detailed information and explanations. Btw. Good Job sir
@@cryptoforcanadians 40x farms have 40 times more rewards of 1x farms and 20 times more than 2x farms (per block) etc. It's already calculated in the APY values so you don't have to worry about it.
You an still yield farm on PancakeSwap even though Binance is banned in Ontario. PCS is a DEX meaning that it doesn't block you based on location. However, if you're looking for an alternative, check out this video: ruclips.net/video/2Hr-TfsV5I8/видео.html
After the expiration of the yield farming period, do you recieve your cake and BNB together? Or it's just the cake alone that will be recieved. Also, can you opt out at anytime you wish if you don't want to continue yield farming?
First of all thank you very much for sharing your knowledge. I have questions relating and would appreciate if you could help with the answer: Q1: you bought 45 cakes in the beginning but when you exchanged (t: 12:04) you received 3.96373 BNB/CAKE pool tokens. Is this token different than the cake deposited? Q2: Is this process reversible i.e. exchanging 3.96373 BNB/CAKE pool tokens and getting your deposit back? Thanks.
1. You need to get LP tokens to yield farm. 2. Yes it is. But there's something called impermanent loss. It just basically means that you won't get the exact number of coins because it's based on a ratio of 50:50. You'll get the same $ amount, just not same number of coins.
I have a problem: I bought OG on binance and then sent it on my BSC, but instead of Chiliz Chain which is the OG chain I 've chosen BSC. The OG didn't appear on my wallet but I could use it on pancake swap. So I turned it into OG-BNB LP and then staked it. But now at the OG-BNB LP it shows that I have 0 staked, but while also earning a little big of cake. Are my tokens lost? When I press - to unstake it says that I have " 0.000000015127947701 " OG-BNB LP. Any answers are greatly appreciated
In yield farming, as an example, if I put 1 BNB and its 50% equivalent of paired token to get X liquidity token, once I opt out or the farming period is over, do I get my 1 BNB and the 50% of its corresponding paired token (my initial amounts) + the % yield apy harvested?
Hey, great tutorial! I appear to be earning cake now (the cake earned on the pair is going up) but it is saying my staked balance is 0. Any idea why that might be?
It is because you have a very small amount of lp tokens staked (0.0000xxxxx) so it rounds it to 0, kind of disconcerting, but at some point in the process of creating the lp tokens, it told you the the exact amount of lp tokens, I have the same issue, I just created lp tokens for the Atletico Madrid Team (had a nice APY of 322%) and my staked amount says 0 even though I actually have something like 0.0000759ish lp tokens, it's weird, but it works.
Great video, but I have a question: let's say I provide 10 BUSD and the equivalent of another coin in a pool and I got 10 LP. Then I farm them and I get 11 LP. What happens when I want to withdraw my 11 LP? Will I get 11 BUS and the equivalent in the other coin? If so, how is it possible? I didn't generate any BUSD or coin... I don't know if I was clear
You'd have to do the opposite of what's been done in this video. There's an option to pull LP coins out and then to convert them back to coins. It's a 2 step process.
Hi! Thanks for the video! Is it possible to transfer tokens like CAKE, SFP to Binance via BSC? Do I have to convert them to BNB to send them to binance?
@@cryptoforcanadians I cannot see them in the BSC wallet, how do we transfer from pancake to the BSC wallet? I would appreciate if you could help me with this. Thanks so much in advance!
I need help! i use Binance to buy DOGE and sold but it takes me to BSCscan where i cant transfer the funds to anyone in return for cash... i have binance chain wallet and metmask but its not letting me add the asset for BUSD token... HELP!
@@cryptoforcanadians i lost when i liquidate my pancake from trust wallet now just showing pancake LPS very less amount , how can i retrieve this amount .. where this amount gone please help to return this BNB to my wallet.
I am currently staking the CAKE-BND LP. When I unstaked it, it stayed as cake lp Token. is there a way to get back my original BNB-CAKe token? or how to convert the cake-lp into other tokens?
Yes there's an option to redeem the LP tokens for CAKE/BNB. Just as you would add liquidity, you can take away liquidity and redeem LP tokens for coins.
Hey brother how are you... I am from Pakistan and here in Pakistan cryptocurrency is banned we are very unlucky peoples 😔 cryptocurrency is a great opportunity to improve the poor peoples and get a good chance for his awesome life but the world bank give loans for Pakistan country and says don't legalize the crypto in your country 😥😥😥😥
So i believe i accidentally sent my Cardano here and it may be turning into bnb coin? I thought i was sending it to coinbase but they dont support cardano. It says successful but it is still blockchaing? Lol I'm sooo lost. I think i see the coin but i dont know how to transfer it out. Help anyone?
@@cryptoforcanadians its all good man:) im not to worried. It was crypto from back in 2013 that went up. Just $700 could be a lot worse!:) lessons learned. Im giving you a follow tho because you took the time to reply and i need to learn more about it. Im from Ontario so Crypto for Canadians is perfect. Thanks again man!✌🤙🇨🇦
@@drewblake6304 Yeah it definitely could be worse! Thanks for the sub, I greatly appreciate it! You took the time to comment, the least I can do is take the time to respond back!
@Crypto For Canadians I definitely mean what percentage of how much you put in would you made daily or monthly ?? Small example, let’s say we test it out with 500 bucks (usd) ??
@@markharris4728 If APY is 200%...then that's 200%/365*500 = $2.73/day based on the given numbers. Actually it would be half because you'd need to put $250 into BNB and another $250 into CAKE. So your yield is half of that which works out to be $1.37/day
I added 1300 cake tokens to pancake swap to stake in December 2020, it was immediately put on hold, after a week or so the balance in my pancake pool was 0. Till this day it still says unstake with the button greyed out and a 0 balance in the pool. Reached out to pancake swap they have 0 explanation for me. Smh anyone know what’s going on?
@@cryptoforcanadians lets say we assume pancakeswap is safe, for now, and i was to farm bnb/cake, what are the risks for my investment after i add to the farm?
@@nateportney672 It's a tough thing to describe in a single sentence but if you Google it you can find some good explanations there. I may make a video on it in the future.
You clarified this well, I was confused on having to have equal amounts of each token at first!
Glad the video helped!
Save 20% on your trade fees on BINANCE: www.binance.com/en/register?ref=JLFZET25
Bro love the channel but you gotta do something about your mic settings, every video I need to have the volume on max and it's still a little bit low. Great content otherwise.
Cheers
@@othername2428 Thanks! I realized that after making the video. My more recent videos should be better though!
I am doing research on 50x coins. Do you remember if CAKE had a lot of hype before it exploded in 2021? It looks like the CAKE token surprised everyone
@@iceyjo I don't recall there that. I invested in it because it was the first of it's kind on BSC, yield farming that is.
@@cryptoforcanadians People swear up and down they can find 50x altcoins. But it seems that its more random than a science
Pancake to moonn🚀🚀 and 1INCH is still so low marketcap, just wait it fly too...
Yep! I hope you bought your bag back in October/November when I made the video!
Thorough tutorial! Mind blowing how many confirmations and steps needed right at the end lol!
Yeah 100% that's why I said the video's gonna be a long one.
@@cryptoforcanadians do you know how to set up Injective protocol dex i could not figure it out and can't find a tutorial anywhere
@@CryptoTruthAngel Sorry I don't.
@@cryptoforcanadians you should look into it as many peope want to trade stocks and crypto on a decentralizwd exchange and use futures contracts i think it will be very popular after everything that's happened with platforms like robinhpod and etoro manipulating peoples trades
Thanks, will do!
great video, Ive liked and subscribed 👍
Ive just added some BNB-CAKE to a liquidity pool and i Just have some quick questions that id REALLY appreciate you answering:
1. Are the “trading fees” i get for providing liquidity to the pool paid in LP tokens? Trading fees and LP tokens are spoke about like they are 2 different things in some videos
2. When i deposit LP tokens to a farm, what are my coins being used for? Is a “yield farm” different to a “liquidity pool” and if so, how?
2. I tried allocating my LP tokens to the BNB-CAKE farm straight after i delegated my BNB-CAKE to the liquidity pool but i cant see the option to farm these LP tokens. When will i receive these LP tokens? And how often do i receive these LP tokens?
Thanks and keep up the great content 🙏
1. No, CAKE
2. Interchangeable terms
3. You don't get LP tokens.
A video on how to harvest would be great
There's a harvest button.
Would you pls create one more video on how to withdraw coin backs from farming ?
You just do the opposite of how you put them in.
Hi there! With all the problems with BSC, I haven't been able to trade on Pancakeswap for two days. Do you have any other suggestions of places to try for coins that aren't on Binance (like bonfire, happycoin for example). On reddit, someone was mentioning Bogged Finance but it was through their Trust Wallet. I am using Metamask + pancakeswap. Can you trade on bogged finance with metamask? Thanks for the help! Your videos have been the most helpful resource for getting into everything this week and I used your referral links.
Thanks for the support. I don't know about those other platforms so I can't say. The BSC network has been really congested lately.
What is the risk of impermanent loss as liquidity provider in these pools ?
There's always impermanent loss as a liquidity provider.
very easy to understand and follow 👍🏽
Yeah, that was weird having to approve cake twice. Way to get those extra 0.03$ lol
I know right! Ugh...my 3 cents!
Great video and very thorough, thank you! :)
Thanks! I appreciate it!
So how much GAS did you spend in this video just to get to the final step, and how much GAS would it cost today to do the same thing?
Gas fees were like 10-15 cents I believe. Now you're looking at around $65 cents or so?
Hey would you be able to do a risk benefit assessment on yield farming projects and a explanation on what all those terms are APY ect when it comes to staking, liquidity, and yield farming?? Thanks!
Risk assessment comes from time in the space. You just know what to look out for an piece together what's good and what's not. Risk assessment is a personal thing...I can't really say because everyone's risk management style is different.
What then do stand to gain after all. And maybe you need to break this video down to clips so as to buy you time to slow down and give detailed information and explanations. Btw. Good Job sir
Thanks, I appreciate it!
what does the multiplier mean on the farms? I've haven't been able to find an answer.. so what would be the reason to pick a 1x farm instead of 40x?
I honestly don't know myself...was wondering the same thing actually!
Lol same
@@cryptoforcanadians 40x farms have 40 times more rewards of 1x farms and 20 times more than 2x farms (per block) etc.
It's already calculated in the APY values so you don't have to worry about it.
@@HamguyBacon Ahhh okay thanks for the explanation!
Is it still wise to stake CAKE on PancakeSwap? Is it still profitable today?
Depends on the individual.
Great call on CAKE back in the day! Are you still HODLing and how much do ya have if you don't mind me asking?
Thanks. Yes I do still hold.
can you do an update to this video please?
cuz binance = banned (in ontario)
You an still yield farm on PancakeSwap even though Binance is banned in Ontario. PCS is a DEX meaning that it doesn't block you based on location. However, if you're looking for an alternative, check out this video: ruclips.net/video/2Hr-TfsV5I8/видео.html
Very clear explanations, great job!
Glad it was helpful!
How to withdraw the profit from Yield Farming? Like transfer back to Binance and sell for Cash
It's the opposite of how you'd send it to your wallet and yield farm. I will maybe make one in the future as I don't really make coin specific videos.
Very helpful guide! Thank you
Glad you enjoyed it!
After the expiration of the yield farming period, do you recieve your cake and BNB together? Or it's just the cake alone that will be recieved. Also, can you opt out at anytime you wish if you don't want to continue yield farming?
Yes you receive both cake and bnb. The number depends on the price of the coin at the time. You can opt in and out any time you want.
Very informative video 🥰♥️
Glad you enjoyed it!
Very good video sir!
Thanks! I appreciate it. Glad you enjoyed the video!
First of all thank you very much for sharing your knowledge. I have questions relating and would appreciate if you could help with the answer:
Q1: you bought 45 cakes in the beginning but when you exchanged (t: 12:04) you received 3.96373 BNB/CAKE pool tokens. Is this token different than the cake deposited?
Q2: Is this process reversible i.e. exchanging 3.96373 BNB/CAKE pool tokens and getting your deposit back?
Thanks.
1. You need to get LP tokens to yield farm. 2. Yes it is. But there's something called impermanent loss. It just basically means that you won't get the exact number of coins because it's based on a ratio of 50:50. You'll get the same $ amount, just not same number of coins.
This could be the next SNX :)
Haha yea it very well could be
Downright awesome
Thanks I appreciate it!
I have a problem: I bought OG on binance and then sent it on my BSC, but instead of Chiliz Chain which is the OG chain I 've chosen BSC. The OG didn't appear on my wallet but I could use it on pancake swap. So I turned it into OG-BNB LP and then staked it. But now at the OG-BNB LP
it shows that I have 0 staked, but while also earning a little big of cake. Are my tokens lost?
When I press - to unstake it says that I have " 0.000000015127947701 " OG-BNB LP. Any answers are greatly appreciated
Sorry I can't help. Don't even know what OG is.
Hanx. Made everything straightforward
Glad the video helped!
In yield farming, as an example, if I put 1 BNB and its 50% equivalent of paired token to get X liquidity token, once I opt out or the farming period is over, do I get my 1 BNB and the 50% of its corresponding paired token (my initial amounts) + the % yield apy harvested?
You get the coins back based on the total value of those coins @ 50:50.
Hey, great tutorial!
I appear to be earning cake now (the cake earned on the pair is going up) but it is saying my staked balance is 0. Any idea why that might be?
Great to hear! Not sure why that's the case, never seen that happen to me.
It is because you have a very small amount of lp tokens staked (0.0000xxxxx) so it rounds it to 0, kind of disconcerting, but at some point in the process of creating the lp tokens, it told you the the exact amount of lp tokens, I have the same issue, I just created lp tokens for the Atletico Madrid Team (had a nice APY of 322%) and my staked amount says 0 even though I actually have something like 0.0000759ish lp tokens, it's weird, but it works.
@@eruston Thanks for sharing that!
Great video, but I have a question: let's say I provide 10 BUSD and the equivalent of another coin in a pool and I got 10 LP. Then I farm them and I get 11 LP. What happens when I want to withdraw my 11 LP? Will I get 11 BUS and the equivalent in the other coin? If so, how is it possible? I didn't generate any BUSD or coin... I don't know if I was clear
You only get back what you put in. What you yield isn’t added to the LP
How can we harvest after that and what happens to your tokens which you exchanged do you get it back
You'd have to do the opposite of what's been done in this video. There's an option to pull LP coins out and then to convert them back to coins. It's a 2 step process.
Thank you. I will try.
I hope it works for you!
Why MetaMask over TrustWallet?
Because I can use Metamask on my computer.
@@cryptoforcanadians Is there any big difference between them? And thanks for the response!
Trust supports more coins and is mobile only.
Hi! Thanks for the video! Is it possible to transfer tokens like CAKE, SFP to Binance via BSC? Do I have to convert them to BNB to send them to binance?
Yes you can! Binance has those coins so you can send them directly.
@@cryptoforcanadians I cannot see them in the BSC wallet, how do we transfer from pancake to the BSC wallet? I would appreciate if you could help me with this. Thanks so much in advance!
I figured it out! :) Thanks!
@@yedekos Glad you figured it out!
great video thanks
Glad you liked it!
does can get back the lp token? or it will be consume?
Yes you can convert the LP tokens back to the original coins
Can I transfer CAKE tokens from Binance to Pancakeswap or it only works with BNB?
No you can't transfer to Pancakeswap. You'd need to transfer to a wallet first to interface with Pancake.
@@cryptoforcanadians Transfer CAKE to Metamask does that work? Or only with BNB?
@@acelive7 Yes that works
@@cryptoforcanadians Ok great thanks!
My pleasure!
Good tutorial!
Glad you think so!
Can this also be done with the Binance Extension Wallet?
I believe so. I haven't tried that before so I can't say. It would make sense that you could though.
I can't watch this video, I am not Canadian.
This video is applicable to all, not just Canadians
Hi Can u tell us, ho much cake u earn per day ? For this exemple when u put 45 cakes + 0.415 bnb = ??? Cakes /24 hours ????
It varies because the rates have changed since I put it in.
@@cryptoforcanadians approximatively ??
@@kaiimkaiim9259 Based on what I've got...0.008709677419/day.
I need help! i use Binance to buy DOGE and sold but it takes me to BSCscan where i cant transfer the funds to anyone in return for cash... i have binance chain wallet and metmask but its not letting me add the asset for BUSD token... HELP!
DOGE has nothing to do with PancakeSwap. DOGE is on a separate blockchain.
papr handz get rekt
@@hellowrld6120 lol yeah
Can I send other BEP20 coins to that wallet? for example BUSD?
Yes that's correct.
@@cryptoforcanadians really appreciate the video.
@@marcinwilk5431 My pleasure! Glad the video has helped!
Providing liquidity is better or is it better to stake cakes on pool?
So whatever cake I earn, I just do the same process. I will put it back in to stake.
@@cryptoforcanadians No, you didn't got me
@@cryptoforcanadians I have 200 cakes if I stake them in any pool instead of providing liquidity which will be more profitable?
@@cryptoforcanadians A reply will be great
@@smitanavadiya6476 I'm not sure. I've never tried staking them in a pool. I just add them to the LP.
Anyone how to withdraw tokens from Bscscan?
You don't withdraw tokens from BSCscan. You withdraw from your wallet.
@@cryptoforcanadians i lost when i liquidate my pancake from trust wallet now just showing pancake LPS very less amount , how can i retrieve this amount .. where this amount gone please help to return this BNB to my wallet.
@@DreamTrvlr I'm not sure what you've done or what to do as this video's about using pancake swap with metamask.
I am currently staking the CAKE-BND LP. When I unstaked it, it stayed as cake lp Token. is there a way to get back my original BNB-CAKe token? or how to convert the cake-lp into other tokens?
Yes there's an option to redeem the LP tokens for CAKE/BNB. Just as you would add liquidity, you can take away liquidity and redeem LP tokens for coins.
@@cryptoforcanadians Would love to find out how to de-liquify my LP token back into BNB and CAKE.
@@Iknowbetterthanyou Same process but reversed. You can see the the options to do so in the same menu/screens.
@@cryptoforcanadians I have totally missed to the approve and pay gas before removing the liquidity. Thank you you for explaining!
@@Iknowbetterthanyou My pleasure!
Is it 300% per day? or what time frame?
APY = yearly
Thanks for informations brother....
😘
No problem! My pleasure.
Hey brother how are you...
I am from Pakistan and here in Pakistan cryptocurrency is banned we are very unlucky peoples 😔 cryptocurrency is a great opportunity to improve the poor peoples and get a good chance for his awesome life but the world bank give loans for Pakistan country and says don't legalize the crypto in your country 😥😥😥😥
I'm sorry to hear that. It seems like your government doesn't want you to be free with your money.
☹🥰
@@saeedanwar1819 Thanks!
Any Video for how to withdraw from Pancakeswap?
No I don't.
Show it with the other coins too. This example works but the next coin I tried and it magicly disapeard
I'm not sure why it would disappear if you've followed the exact steps....the transaction should have given you a txid that you can use to look up.
Then one more thing. Metamask and Binance Chain wallet are difficult to manage your earnings, is there a way to see graphs , dollars.
I have fixed it I was combining the wrong Pair BNB and BUSD
@@AllsoundRecruiting No there isn't a way, you'd need to keep track of it yourself manually unfortunately.
@@AllsoundRecruiting haha yeah that usually does the trick...looking at the right pair
is this still good investment?
Tough to say for now...it was great at 40 cents when I bought a bag lol
So i believe i accidentally sent my Cardano here and it may be turning into bnb coin? I thought i was sending it to coinbase but they dont support cardano. It says successful but it is still blockchaing? Lol I'm sooo lost. I think i see the coin but i dont know how to transfer it out. Help anyone?
Sorry to hear that. I'm not sure how you'd do that...
@@cryptoforcanadians its all good man:) im not to worried. It was crypto from back in 2013 that went up. Just $700 could be a lot worse!:) lessons learned. Im giving you a follow tho because you took the time to reply and i need to learn more about it. Im from Ontario so Crypto for Canadians is perfect. Thanks again man!✌🤙🇨🇦
@@drewblake6304 Yeah it definitely could be worse! Thanks for the sub, I greatly appreciate it! You took the time to comment, the least I can do is take the time to respond back!
How much would you make from that per month or daily ?
Depends on the amount that you put in.
@Crypto For Canadians I definitely mean what percentage of how much you put in would you made daily or monthly ??
Small example, let’s say we test it out with 500 bucks (usd) ??
@@markharris4728 If APY is 200%...then that's 200%/365*500 = $2.73/day based on the given numbers. Actually it would be half because you'd need to put $250 into BNB and another $250 into CAKE. So your yield is half of that which works out to be $1.37/day
@@cryptoforcanadians thanks for the reply. Very detailed and helpful.
@@markharris4728 Glad it helped!
Is this really safe? Since the returns just seem crazy
it CAN be risky.
I added 1300 cake tokens to pancake swap to stake in December 2020, it was immediately put on hold, after a week or so the balance in my pancake pool was 0. Till this day it still says unstake with the button greyed out and a 0 balance in the pool. Reached out to pancake swap they have 0 explanation for me. Smh anyone know what’s going on?
Do you also have BNB?
@@cryptoforcanadians yes I had bnb, cake, TWT, and syrup on pancake swap and I’m unable to view my balance or unstake what I’ve put onto pancake swap.
@@cryptoforcanadians the unstake button is greyed out and it says I have 0 balance. Even tho I have all the transaction records on BSCSCAN
@@Bbfdrgvhjhrdcgyg Can you see your balances in your wallet?
@@Bbfdrgvhjhrdcgyg The transaction failed then when you tried. Maybe insufficient BNB to power the transaction.
What are the risks with yield farming on pancakeswap?
The biggest is you can lose your initial investment if their platform gets hacked
@@cryptoforcanadians lets say we assume pancakeswap is safe, for now, and i was to farm bnb/cake, what are the risks for my investment after i add to the farm?
@@yasith2426 impermanent loss
@@cryptoforcanadians what that mean?
@@nateportney672 It's a tough thing to describe in a single sentence but if you Google it you can find some good explanations there. I may make a video on it in the future.
how much money have u made so far
I've definitely doubled my money let's say that lol
Rip, your approve is $0.04. Mine is £330...
Uhhhh....whatttt? No way....are you sure?!
if next time speak loudly, to sound like baby
You're right. I thought I had my mic settings up higher.
This video was painful, speech so broken up
lol nah it's just you. Got 5 dislikes and 428 likes. Clearly you're the minority who thinks that.
SPEAK UP or change ur MIC
Perhaps turn up your speakers?