What is PancakeSwap Exchange?

PancakeSwap Exchange is a decentralized automated market maker (AMM) built on BSC. Use the exchange to swap BEP-20 tokens with low fees, provide liquidity to earn fees, and participate in yield farming and staking.

Quick start

Install a BSC-compatible wallet (e.g., MetaMask).
Connect wallet to Binance Smart Chain network.
Swap tokens on the PancakeSwap Exchange or add liquidity to a pool.

Safety tips

Double-check contract addresses before interacting.
Use small test swaps when using a new token.
Beware of phishing sites — always use the official domain.

Instant Swaps

Swap BEP-20 tokens instantly through the PancakeSwap Exchange AMM. No order book — liquidity pools handle price discovery.

Liquidity Pools

Provide liquidity, earn a portion of swap fees, and receive LP tokens you can stake for additional rewards.

Yield Farming

Stake LP tokens or CAKE tokens in farms and earn rewards. Monitor APRs and impermanent loss.

Staking & Syrup Pools

Stake CAKE in pools to earn tokens from partnered projects and additional CAKE rewards.

Affordable Fees

Low network fees compared to many Ethereum DEXs—an advantage of BSC's architecture.

Community Governance

Participate in governance decisions and voting when protocols require community input.

FAQ — PancakeSwap Exchange

Is PancakeSwap Exchange decentralized?

Yes — core swapping and liquidity are handled by smart contracts on BSC. However, always verify smart contract addresses and token authenticity.

How do I add liquidity?

Connect your wallet, go to the Liquidity section, choose a token pair, approve tokens, and confirm the add liquidity transaction.

What is impermanent loss?

Impermanent loss occurs when the relative price of tokens in a liquidity pair changes; it affects the value of your deposited assets vs holding them. Consider risks before adding liquidity.