Why PancakeSwap?
PancakeSwap is the #1 decentralized exchange on Binance Smart Chain, offering lightning-fast trades, minimal fees, and a complete DeFi ecosystem.
Ultra Low Fees
Trade with fees under $0.10 compared to Ethereum's high gas costs. Perfect for frequent traders.
Lightning Fast
3-second block times ensure your trades execute quickly without delays or failed transactions.
Deep Liquidity
Access thousands of trading pairs with deep liquidity and minimal slippage.
High Yield Farming
Earn CAKE tokens with APY rates often exceeding 100% through yield farming.
Battle-Tested
One of the most established and audited DEXs in the crypto space with billions in volume.
User-Friendly
Clean interface perfect for beginners while offering advanced features for pros.
Getting Started
Start trading on PancakeSwap in just 4 simple steps:
Get a Wallet
Install MetaMask, Trust Wallet, or any BSC-compatible wallet. Configure for Binance Smart Chain network.
Get BNB
Buy BNB from an exchange like Binance and send to your wallet for trading and gas fees.
Connect Wallet
Visit pancakeswap.finance and connect your wallet to start trading.
Start Trading
Swap tokens, provide liquidity, or explore yield farming to maximize your returns.
Tip: Always verify you're on the official PancakeSwap website and start with small amounts to learn the platform.
Exchange Features
PancakeSwap offers a complete suite of DeFi tools:
Token Swap
Instant token exchanges with competitive rates across thousands of BSC tokens.
Liquidity Pools
Provide liquidity and earn 0.17% fees from all trades in your pool.
Yield Farming
Stake LP tokens in farms to earn CAKE with high APY returns.
Syrup Pools
Stake CAKE to earn other valuable tokens from various projects.
For Traders: Enjoy limit orders, advanced charts, and price alerts for professional trading experience.
CAKE Token Utility
CAKE is PancakeSwap's native token with multiple use cases:
- Governance: Vote on platform upgrades and new features
- Yield Farming: Earn CAKE by providing liquidity
- Staking: Stake CAKE in Syrup Pools to earn other tokens
- Lottery: Use CAKE to buy lottery tickets
- IFO Participation: Commit CAKE for new token launches
- NFT Profiles: Create and customize your PancakeSwap profile
Fee Structure
Trading Fees
- Swap Fee: 0.25% per trade
- LP Rewards: 0.17% to liquidity providers
- Treasury: 0.03% to platform development
- CAKE Burn: 0.05% for token buyback and burn
Other Fees
- Early Unstaking: 0.1% if unstaking within 72 hours
- Performance Fee: 2% on farm and pool earnings
Note: BSC network gas fees are separate and typically cost $0.05-$0.15 per transaction.
Security & Safety
PancakeSwap employs multiple security measures:
- Audited Code: Multiple security audits from top firms
- Bug Bounty: Active program for security researchers
- Timelock: Admin functions have delay for transparency
- Non-Custodial: You control your funds always
- Community Governance: CAKE holders vote on changes
Important: Always verify website URLs, use hardware wallets for large amounts, and never share private keys.
Frequently Asked Questions
Farms require providing liquidity (LP tokens) to earn CAKE, while Syrup Pools let you stake CAKE to earn other tokens. Farms have higher APY but involve impermanent loss risk.
Provide liquidity to stablecoin pairs, use correlated assets, or stick to Syrup Pools. High APY in farms often compensates for impermanent loss risk.
MetaMask, Trust Wallet, Binance Chain Wallet, WalletConnect, and most BSC-compatible wallets. Mobile and browser extensions both work.
Yes, it's one of the most established DEXs with multiple audits. However, all DeFi involves risks including smart contract risk and impermanent loss.
Rewards accumulate every block (~3 seconds) and can be harvested anytime. Many users harvest daily or weekly depending on gas costs.
Primarily Binance Smart Chain (BSC), with expansions to Ethereum and Aptos. BSC has the most features and liquidity.