PancakeSwap (v2)

Written by How we review

PancakeSwap (v2) is a decentralized cryptocurrency exchange that operates on the Binance Smart Chain, offering you the ability to trade a wide range of tokens with low transaction fees. It provides features such as yield farming, staking, and liquidity pools, enhancing your trading experience. The platform is user-friendly and does not require account registration, ensuring privacy and ease of use.
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Key facts

$35.4M
24h volume
+11.2% vs yesterday
#194
Trust rank
CoinGecko score 2/10
1.0/5
Our rating
2020
Founded
2,067
Coins
2,402
Trading pairs
Exchange typeDecentralized (DEX)
MarketsDEX

Updated · Market data refreshed (CoinGecko)

Pros

  • • Low transaction fees
  • • High liquidity
  • • Wide range of supported tokens
  • • User-friendly interface
  • • Decentralized platform

    • Cons

  • • Limited fiat currency support
  • • High volatility risk
  • • Potential for impermanent loss
  • • Limited customer support options

    • Key Features

  • • Decentralized Exchange Platform
  • • Automated Market Maker (AMM)
  • • Liquidity Pools
  • • Yield Farming
  • • Staking Options
  • • Security Audits

    • Similar Exchanges

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    Frequently Asked Questions

    PancakeSwap (v2) is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC) that allows users to trade BEP-20 tokens. It operates using an automated market maker (AMM) model, enabling users to trade against liquidity pools.

    PancakeSwap (v2) employs smart contract audits and security measures to protect user funds. It has undergone audits by reputable firms to identify and mitigate potential vulnerabilities in its code.

    PancakeSwap (v2) charges a 0.25% fee on each trade. Of this, 0.17% is returned to liquidity providers, 0.03% is sent to the PancakeSwap Treasury, and 0.05% is used for CAKE token buyback and burn.

    Yes, users can earn rewards on PancakeSwap (v2) by providing liquidity to pools, participating in yield farming, and staking CAKE tokens in Syrup Pools to earn additional tokens.

    PancakeSwap (v2) is accessible globally, but users should ensure compliance with local regulations regarding cryptocurrency trading and decentralized finance (DeFi) platforms.

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