PancakeSwap helps you make the most out of your crypto in three ways:
Trade, Earn, and Win.
Trade
Instantly swap crypto tokens: no registration or account needed.
The people's choice
PancakeSwap is the leading decentralized exchange on BNB Smart Chain, with the highest trading volumes in the market (sources: 1 2).
Low fees
Why pay more? PancakeSwap runs on BNB Smart Chain, a blockchain with much lower transaction costs than Ethereum or Bitcoin.Trading fees are lower than other top decentralized exchanges too, so that's a double win for you!
Decentralized
Trade directly from your wallet app.Unlike centralized exchanges like Binance or Coinbase, PancakeSwap doesn’t hold your funds when you trade: you have 100% ownership of your own crypto.
Earn
Earn CAKE and other tokens for free with super high interest rates.
Earn tokens with Syrup Pools
Stake CAKE, earn free tokens. It’s really that easy.CAKE holders right now are earning tens of millions of USD worth of free tokens each week from major projects. New projects join the party frequently, so you can earn more, for even longer.
Earn CAKE with Yield Farms
Stake LP tokens, earn CAKE. You take on a little more exposure to market fluctuations than with the Syrup Pools, but can earn higher APR to offset the risk.
Earn Trading Fees
No farm? No problem. Even if your trading pair isn’t supported on the Farms page, you can still earn trading fees when you stake your tokens in Liquidity Pools (LPs).
Win
PancakeSwap makes making money fun.
Lottery
Millions of dollars regularly go up for grabs on the PancakeSwap Lottery.Join as many as 11,000 daily players for your chance to win big!
NFT Collectibles
Win collectible NFTs for participating in trading competitions and more fun & games.
Prediction
Win BNB if you can predict whether the BNB price will rise or fall.New rounds every 5 minutes!
Pottery
Win a bigger yield on your CAKE deposit, combining CAKE lock-staking and lottery!
Is PancakeSwap safe?
See for yourself:
Check out these PancakeSwap security audits here.
Transparent:
We’re built on open-source software: our site and all our Smart Contracts are publicly visible for maximum transparency.
Our contracts are verified on BscScan so you know that what you see is what you get: 1 2 3 4 5
Security best practices:
The chefs use multisig for all contracts.
Our contracts’ time-locks give you peace of mind.
Sounds like fun?Then get flipping! 🐰 🥞
FAQs
Overview. PancakeSwap is a decentralized finance platform allowing users to trade cryptocurrencies, earn rewards through staking and farming, participate in lotteries, and vote in governance decisions. It operates on the Binance Smart Chain, focusing on low fees and fast transactions.
What is PancakeSwap used for? ›
PancakeSwap is a decentralized exchange built on the Binance Smart Chain (BSC) for swapping cryptocurrencies. It offers yield farming, staking, and lottery features, providing users with opportunities to earn rewards.
When was PancakeSwap launched? ›
Launched in September 2020, PancakeSwap is a decentralized exchange (DEX) protocol built on Binance Smart Chain (BSC).
Is PancakeSwap real? ›
PancakeSwap is the leading decentralized exchange on BNB Smart Chain, with the highest trading volumes in the market (sources: 1 2).
Does PancakeSwap report to the IRS? ›
Does PancakeSwap automatically deduct taxes? No, as of 2024, PancakeSwap does not automatically deduct taxes from crypto trades. However, PancakeSwap might still report your crypto transactions to your country's tax authority, like the IRS or HMRC.
Is PancakeSwap a safe platform? ›
Has PancakeSwap been Audited? Transparent: We're built on open-source software: our site and all our Smart Contracts are publicly visible for maximum transparency. Our contracts are verified on blockchain explorers, so you know that what you see is what you get.
Is PancakeSwap legal in the US? ›
Yes. You'll need to pay taxes for your PancakeSwap trades and earnings. Crypto is subject to either Income Tax or Capital Gains Tax.
Is PancakeSwap better than Uniswap? ›
Pancake Swap offers users the ability to trade BEP-20 tokens, which are native to the Binance Smart Chain. One of the main advantages of Pancake Swap is its significantly lower transaction fees compared to Uniswap. This is primarily due to the Binance Smart Chain's lower congestion and higher scalability.
Can you withdraw cash from PancakeSwap? ›
If we're talking about withdrawing from PancakeSwap farms, you just need to click “Unstake” on the pool in which you're staking and then approve the withdrawal process in your wallet. Yes, there is a PancakeSwap withdrawal fee, which depends on various factors, including network congestion and withdrawal size.
Who is behind PancakeSwap? ›
To this day, no one knows who the founders of PancakeSwap are, as they remain anonymous.
PancakeSwap is a decentralized exchange built on the BNB Smart Chain, Ethereum, and Aptos network.
Who are the investors in PancakeSwap? ›
Investors
- Binance Labs.
- Initial Coin Offering - PancakeSwap.
- JellyC.
- Venture Round - PancakeSwap.
- Platinum Capital.
- Seed Round - PancakeSwap.
- ICONIUM.
- Initial Coin Offering - PancakeSwap.
THE BOTTOM LINE: PancakeSwap is a decentralized exchange that lets you trade with lower fees than many rival exchanges. It also lets you earn interest on your crypto assets by staking or lending them. However, its main drawback is that it only supports tokens hosted on the Binance Smart Chain.
What is the purpose of PancakeSwap? ›
PancakeSwap is a decentralized exchange that allows you to trade tokens while also offering opportunities to profit from liquidity pools and staking. What sets PancakeSwap apart from the likes of Uniswap and SushiSwap is that it runs on Binance Smart Chain (BSC) instead of Ethereum.
Does PancakeSwap have a withdrawal fee? ›
What are the fees for early withdrawal?
| Withdrawl Fees/Pool | 30 Day | 90 Day |
|---|
| No Withdrawal | First 10 Days | First 30 Days |
| 15% of deposit amount | 11-20 Days | 31-60 Days |
| 2% of deposit amount | 21-30 Days | 61-90 Days |
| No Fee | 30 Day Unlock | 90 Day Unlock |
Oct 10, 2023
I just read the short story "Pancakes" by Joan Bauer for my English class. It is about a teenage girl named Jill, who has been told she is a perfectionist. When she finds herself working an unusually busy shift alone, at work, Jill must realize perfection doesn't always lead to success.
What is PancakeSwap prediction? ›
PancakeSwap offers two separate prediction markets for every player to choose from. You can play based on the CAKE USD price, betting with CAKE. Alternatively, you can play based on BNB USD price, betting with BNB. On ZkSync Era, you can play based on ETH USD price, betting with ETH.
How to make money from PancakeSwap? ›
PancakeSwap presents users with diverse opportunities to capitalize on this trend, whether it's through providing liquidity to the crypto market and receiving LP Tokens in return, engaging in farming as a deposit-like service with accrued interest, or simply participating in a crypto lottery.
