Funding Your Cake DeFi in Dubai, UAE
After getting your Cake DeFi account approved, you can now fund your account and start earning rewards. Here are step by step guide to fund your account. Be sure to have your ID (any government issued ID) ready for verification. Cake DeFi uses Banxa – the leading payments and compliance company for digital assets.
Depositing Funds in Cake DeFi
Log in to your account and click the buy button at the upper right corner next your profile photo. For this example we will be using Emirates NBD card.
Popup form with appear
1. choose which crypto you want to buy (there are 3 cryptos available BTC, ETH and DFI) we will be buying DFI on this example
2. Input the amount you want to buy, select the currency you prefer. Other currencies has more option and mode of payment. Selecting USD accepts only Visa and Mastercard. If you are already set, click continue
*Please note the gateway fee
3. Cake DeFi’s payments are processed through Banxa. Prepare identification cards (eg. passport or any government issued IDs). They will require a selfie photo holding your ID for verification, be sure send clear photo and text of the ID is readable and in English.
Input your card’s details, be sure to enter all your details the same as the proof of identification that you will be taking selfie of.
Input your OTP
You will be redirected to the summary page and wait for the process to complete. Depending on the network it will take few minutes to hours.
You will email notification on your registered email.
If the payment is confirmed after sending your selfie with ID, Banxa will initiate the process to transfer the cryptos.
Cake DeFi will also send you email regarding the transaction, once your receive the email that the deposit is successful you can now check your Cake DeFi account.
Sample earning in Cake DeFi, click here.
