How to Use PancakeSwap: Tutorial For Beginners

Do not buy BNB on Trust Wallet as the fees are very high.

1. PancakeSwap also features a Web3 gaming marketplace, which is a game publishing platform offered by PancakeSwap in partnership with third-party game developers.
2. This pool consists of funds deposited by investors, which are then turned into smart contracts to offer liquidity.
3. PancakeSwap is an alternative, offering users several lucrative opportunities to keep them on the platform.
4. This means trades can be automatically routed to market makers, offering better execution prices compared to the AMM.
5. It has a total supply of 750,000,000 CAKE with 148,603,636 tokens in supply and is ranked the 69th largest cryptocurrency on the planet with a market cap of $481,653,827.
6. In his free time, Lim plays multiple games like Genshin Impact, League of Legends, Counter-Strike, Hearthstone, RuneScape, and many others.

PancakeSwap also features a marketplace for non-fungible tokens (NFTs), where you can buy, sell, and collect unique assets on the BNB Smart Chain. You’ll need to approve the movement of tokens, which allows the contract to withdraw them on your behalf. When you click Approve Contract, a popup will ask you to confirm the transaction and display a fee. If you’ve used any AMM previously, then you know the drill. To farm CAKE, you need to first add liquidity to the exchange.

PancakeSwap is a decentralized exchange (DEX) launched in 2020. Initially, it was mainly used for swapping BEP-20 tokens on the BNB Smart Chain (BSC) but has since expanded to other chains. Farms are similar to liquidity pools and let you earn interest in your holdings.

Earn tokens with Syrup Pools

Today, PancakeSwap also supports ERC-20 and other token standards. Apart from BSC, you can use PancakeSwap on other blockchains, such as Ethereum, Polygon, Arbitrum, and more. Although the team behind the project remains anonymous, their governance system allows the Pancake Swap Exchange users to determine the future of the platform. This allows them to adapt the platform based on what users say, instead of dictating what is best for the project. Simply click Harvest, and PancakeSwap will return your tokens. Click Confirm and confirm the transaction in your wallet.

In his free time, Lim plays multiple games like Genshin Impact, League of Legends, Counter-Strike, Hearthstone, RuneScape, and many others. He creates guides, walkthroughs, solutions, and more on games that he plays to help other players with their progression. To swap on PancakeSwap, you need to connect to a wallet first.

Is the PancakeSwap Lottery Feature Legit?

PancakeSwap is a decentralized exchange that