PancakeSwap DEX profile
Editorial record: June 1, 2026
Type
amm
Swap Fee
0.25%
Trading Pairs
4500+
Source status
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
Editorial desk producing public-source crypto product research. Pages identify their evidence and limitations; hands-on testing is claimed only when dated evidence is shown.
Last Updated: June 1, 2026
Our MethodologyOverview
PancakeSwap is a decentralized exchange with swaps, liquidity pools, farming, staking, and other DeFi products. It began on BNB Chain and supports several networks. The CAKE token has governance and ecosystem uses. Each product has separate smart-contract and price risks.
Profile summary
BNB Chain's largest DEX with farming, staking, and perpetuals
Fees & Costs
| Swap Fee | 0.25% |
| Protocol Fee | 0.08% |
| Gas Estimate | $0.05-0.20 on BNB Chain, $2-10 on Ethereum |
Security & Audits
| Audits | PeckShield, SlowMist, CertiK |
| Open Source | ✓ Yes |
| Bug Bounty | ✓ $250,000 |
Features
Supported Chains
| Limit Orders | ✓ Yes |
| Perpetuals | ✓ Yes |
| Cross-Chain | ✓ Yes |
| Lending | ✗ No |
| Farming | ✓ Yes |
| Staking | ✓ Yes |
Pros & Cons of PancakeSwap
Pros of PancakeSwap
- ✓Very low fees on BNB Chain (~$0.10 per swap)
- ✓Comprehensive DeFi suite: farming, staking, perpetuals
- ✓V3 concentrated liquidity for better LP returns
- ✓Active community and regular product updates
- ✓Built-in limit orders for price-targeted trading
Cons of PancakeSwap
- ✗Lower liquidity compared to Uniswap on Ethereum
- ✗BNB Chain has higher centralization risks
- ✗Many low-quality tokens listed due to permissionless listing
To farm CAKE, add liquidity to an eligible pair and receive LP tokens. Stake eligible LP tokens in the Farms section. Rewards depend on pool terms and your share of the pool. APRs can change and do not guarantee returns.
PancakeSwap is one of the most established DEXs, operating since 2020 without major exploits. The contracts are audited by PeckShield, SlowMist, and CertiK, with a $250K bug bounty. However, always be cautious of scam tokens - verify contract addresses before swapping and use the official site (pancakeswap.finance).
PancakeSwap charges a 0.25% swap fee, of which 0.17% goes to liquidity providers and 0.08% to the treasury. On BNB Chain, gas fees are extremely low, typically $0.05-0.20 per transaction. On Ethereum, gas costs are higher at $2-10. This makes BNB Chain the most cost-effective network for frequent trading.
PancakeSwap is a decentralized exchange that supports wallet-based token swaps. Connect a compatible wallet and switch to the required network. Review the token, price impact, and approval before confirming a swap. No account registration is required for a wallet swap.
Uniswap, 1inch, SushiSwap, and Trader Joe offer different swap and liquidity designs. Biswap and Thena also operate on BNB Chain. Compare the current quote, price impact, and contract details before trading.
PancakeSwap offer details
Check current terms, eligibility, and availability before you use an offer.
PancakeSwap alternatives
Compare products in the same category and open each full review.
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When to skip PancakeSwap
Skip PancakeSwap if you cannot verify its contracts, network costs, and asset liquidity before you trade.
Sources & References
Security
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
