Token Swaps | English | PancakeSwap (2024)

Token swaps on PancakeSwap are a simple way to trade one token for another via automated liquidity pools on BNB Smart Chain, Ethereum and Aptos, and also with market makers when trading tokens on BNB Smart Chain and Ethereum.

When you make a token swap (trade) on the BNB Smart Chain or Ethereum PancakeSwap Exchange, you will pay trading fees according to the type of liquidity pool your trade is being routed through. You may check the route details by clicking the magnifier icon on the “Route” section.

For Exchange V3 liquidity pools, there are currently four different fee tiers: 0.01%, 0.05%, 0.25%, and 1%.

For StableSwap liquidity pools, the fee rate depends on the individual pool configurations. Please check the “Fee” section for more detail.

For Exchange V2 liquidity pools, a fixed 0.25% trading fee is applied, which is broken down as follows:

  • 0.17% - Returned to Liquidity Pools in the form of a fee reward for liquidity providers.

  • 0.0225% - Sent to the PancakeSwap Treasury.

  • 0.0575% - Sent towards CAKE buyback and burn.

Please note that on Aptos, only PancakeSwap Exchange V2 is deployed, therefore all the token swaps on Aptos will have a fixed 0.25% trading fee with the same breakdown as mentioned above.

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Token Swaps | English | PancakeSwap (2024)

FAQs

Why is my swap failing on PancakeSwap? ›

1 Answer. The Pancake: Transfer failed error is usually thrown when the output token (that you swapped the tokenIn for) cannot be transferred out. It could be when the token contract is paused, or when it requires a KYC, and the PancakePair doesn't have the permissions to transfer it out.

What is the best slippage tolerance for PancakeSwap? ›

The slippage tolerance on Pancakeswap is between 0.5% and 1%.

How to fix insufficient liquidity for this trade on PancakeSwap? ›

The “insufficient liquidity for this trade” error is a common error encountered by users of decentralized exchanges such as Uniswap and PancakeSwap. You can fix this error by reducing the size of the trade, increasing the slippage tolerance, or finding another liquidity pool.

Why won't Uniswap let me swap? ›

The most likely cause for this error is that the swap that's being attempted would result in slippage exceeding the user's maximum slippage setting. The error could also be caused by your transaction taking too long to complete, or not having sufficient funds to pay the gas fee.

Why does my swap keep failing? ›

The main reason why your swap might have failed is likely to be slippage. When you perform a swap, you are agreeing to a price quote. If the price of the swap goes outside of the allowed slippage set (typically 2-3%), it will fail, in order to prevent you from seeing a huge variance in value when completed.

Why can't I swap tokens? ›

There are various reasons why the “Unable to swap these tokens” error may appear. The most common one is related to liquidity constraints when swapping two (or even one) long tail assets.

How much slippage is normal? ›

As a rule of thumb you may include 0.5% as slippage for option selling strategies and 1% for option buying strategies. We recommend that at the end of the month you check your realized slippages and use that as number for your backtest results in the future.

What happens if slippage is too low? ›

Note: If your slippage is set too low, your transaction may revert or fail. If your slippage is set too high then you may get less tokens than expected when swapping. For example, if your slippage is set to 25% then you may receive 25% less tokens than what is shown to you in the swap preview.

Why can't I sell on PancakeSwap? ›

Make sure you have 30% more tokens in your wallet than you intend to trade, or try to trade a lower amount. If you want to sell the maximum possible, try 70% or 69% instead of 100%.

How do you increase liquidity on tokens? ›

How to Add Liquidity to the $SQR Token on PancakeSwap in 7 Steps
  1. Step 1: Connect Your Wallet. ...
  2. Step 2: Navigate to the Liquidity Section. ...
  3. Step 3: Select Your Desired Pool. ...
  4. Step 4: Enter the Amount. ...
  5. Step 5: Approve and Supply. ...
  6. Step 6: Confirm the Transaction. ...
  7. Step 7: Check Your Liquidity Position.
Mar 8, 2024

What does stf mean on PancakeSwap? ›

1 Answer. Sorted by: 0. The error you're receiving 'STF' stands for Safe Transfer Failed. The majority of the time this is invoke it is related to approvals.

Which swap is 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.

How do I manually approve a token for swap on Uniswap? ›

Here a guide on how to complete an approval transaction:
  1. Enter your swap details.
  2. Select “Approve and swap”.
  3. In your wallet, approve Uniswap to access the token you are swapping. ...
  4. In your wallet, allow the token to be used for swapping. ...
  5. In your wallet, confirm the swap.
Apr 29, 2024

What does "not enough liquidity" mean on Uniswap? ›

Insufficient liquidity: There may not be enough liquidity for your token. This will prevent a filler from being able to fill the swap at the agreed upon price. Insufficient token balance: For a limit order to be executed, your wallet balance must have the amount of tokens you intend to swap.

Why can't I swap my coins on PancakeSwap? ›

If your swapping action still doesn't go through and it is displaying an error for you to revise the slippage -- you may want to check if the tokens you are trying to swap has any fees and restrictions on transactions.

How do you stop loss on PancakeSwap? ›

How do I set a Stop Loss Order for PancakeSwap? Select the price (Trigger) you would like to sell your PancakeSwap if the market rate falls. Enter the quantity you would like to sell if the market rate falls to your selected price. Click 'Set Stop Loss' to confirm your CAKE Stop Loss and your order will be created.

What is the error slippage on PancakeSwap? ›

The default slippage tolerance on PancakeSwap is about 0.8%. If you leave this as your slippage, your trade will never run if the price fluctuates by more than 0.8%. This means you need to increase slippage to have a higher chance of successful transactions.

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