Looking for exchanging, earning or playingDefi? Pancakeswap offers tokenswaps, liquidity agriculture, commitment and lotteries on BNB chain, Ethereum and more. This guide breaks down its core functions from March 28, 2025, so that you can start exploring in minutes and exchange tokens or earn cake rewards!
What is Pancake Wap?
Pancake wap Is a multi-chain DEX with an AMM model — No order books, only liquidity pools where users act against pre-financed token pairs. Started in 2020 on BNB chain, it now includes multiple networks for more options and lower costs:
- BNB chain
- Ethereum
- Arbitrum
- Polygon
- ZKSYNC ERA
- Linea
- Base
- Aptos
The platform stands out for its low costs, fast transactions and broad selection of tokens. Each network offers various benefits:BNB chain For affordability,Ethereum For token variety and arbitrum for speed.
Getting started with pancake wap
Put on your wallet
Before diving into pancakes:
- InstallMetamasker orTrust Wallet
- Add your network (for example for BNB chain: Chain ID 56, RPC URLhttps://bsc-dataseed.binance.org/))
- Get native tokens for gas (BNB for BNB chain, ETH for Ethereum)
- Load tokens that you want to exchange or use
Need a bnb for gas? Buy it on Binance or another exchange and transfer to your wallet.
Connect to pancake wap
Ready to jump in? Here is how:
- Visitpancakeswap.finance
- Click on “Connect wallet” in the top right
- Select your wallet (Metamask, Trust wallet, etc.)
- Approve the connection
- Make sure you are on the right network!
Core functions of pancake wap
Change tokens
Exchange tokens in seconds:
- Go to “Exchange”> “Swap”
- Choose your pair (for example, exchange 0.1 BNB for ~ 30 cake)
- Set slippage (0.5% -1% works for most transactions)
- Click on “Swap” and confirm in your wallet
Multi-chain tip: Every blockchain has its own token ecosystem – you have to be on BNB Chain to trade BEP-20 tokens, ETH For ERC-20 tokens, etc. Choose your network based on the tokens that you want to trade and consider gas costs (BNB chain and polygoon generally have lower costs than Ethereum).
The core functionality of Pancakeswap is the possibility to trade from tokens for others
Advanced trade functions
Pancakeswap also offers more advanced trade options:
- Twap (time -weighted average price): Perform larger transactions over time via the “Next Swap” function. It splits large transactions into smaller chunks based on time-weighted average prices, lowering the price effects and slipping — Perfect for large transactions or volatile markets. Example: Use TWAP when exchanging 5,000 cake to minimize the price effect.
- Limit orders: Set the specific price for which you want to buy or sell. Your order will only be executed when the market touches your target price, giving you more control than standard waps. Great for focusing input or output prices without constant monitoring. Example: Set a limit order to buy BNB at $ 400 if you think the current price of ~ $ 600 will fall.
Agriculture with liquidity pools
Earn cake reward plus trading costs while you support transactions:
- Go to “earn”> “Farm/liquidity”
- Select the pool in which you want to participate
- Click on “Add liquidity”
- Enter the amount
- Check each token and click on “Delivery”
- Get LP -Tokens (V2) or NFT positions (V3) for your contribution
- Set up your LP -Tokens (V2) or NFT positions (V3) in farms to start earning
With the help of advanced liquidity functions
ZAP -Function
Pancakeswap offers a handy “ZAP” function with which you cannot offer liquidity with only one token instead of two. When you select “ZAP” when adding liquidity, the platform automatically splits your token, converts half to the paired token and add the liquidity couple for you — all in a single transaction. This saves you time and lowers the gas costs when entering liquidity pools.
V2 versus V3 Liquidity differences
Pancakeswap offers two liquidity versions with important differences:
- V2 Liquidity: Provides fungi lp -tokens, uses fixed 0.25% reimbursement and spreads your liquidity over all price ranges
- V3 liquidity: Creates NFT positions instead of LP tokens, you can opt for reimbursement levels (0.01%-1%) and you concentrate your liquidity within specific price ranges for higher efficiency
Double Rewers: You earn part of the trading costs of Swaps in yourliquidity pool Plus extra cake suits from agriculture!
Risk tour: Can cause price shiftsloss— potentially less value than just holding your tokens. For V3 positions, your liquidity becomes inactive and stops earning if the prices go beyond your chosen reach.
Adding liquidity to pancakes WAP both improves the depth of the platform and gives rise to rewards
Deserving with cake
Pancakeswap offers two important ways to earn with your cake socks:
Comparison of agriculture versus expanding: Although both earning methods include your cake socks, they differ in risk and rewards. Agriculture usually offers a higher return, but bears a locking risk of price changes. The strike offers more stable rewards with a lower risk, making it better for beginners or people who are looking for a predictable return.
Cake strike
Lock your cake to earn more cake:
- Navigate to “earn / turn off”
- Select “Stake Cake”
-
Choose how much cake you need to use and your closing time
- Longer locking periods ensure a higher apy
- Confirm and put your cake in
- Get vecake that can be used for the voting of governance, earning more cake from the reward pool, participating in IFO sales and many other benefits
- See how your rewards grow over time
Pro -tip: Longer locking time offers considerably higher yields but lock your cake — only choose this if you do not need those funds during the locking period!
Locking stakes gives holders vecake that comes with multiple benefits and rewards
Siroppools
Stuck cake to earn other tokens:
- Navigate to “earn / turn off”
- Browse the available syruppools
- Choose a swimming pool for tokens that you are interested in
- Switch on the pool (one -off approval)
- Put in your desired amount of cake
- Harvest rewards manually, or collect automatically when filling your cake
Remark: Most syruipols have a limited duration, so check the end dates before you bet! Every Pole offers tokens of established projects or new crypto companies launched on Pancakeswap.
Different Pancakeswap
Lottery, prediction and more
Feel happy? Try this:
- Lottery: Risk for $ 5 in cake socks for a shot at thousands! Buy tickets, choose numbers (or get random) and wait for the draw. A draw takes place every 12 or 36 hours. The more songs you match the bigger prices!
- Prediction: Betting with BNB about whether the BNB price will rise or fall in just 5 minutes. Do it right, win BNB!
- First Farm offer (IFOS): Stake Vecake to buy new tokens before they hit fairs
- Perpetuals Trading: Exchangefutures with leverage, receive 5% cost discounts with cake
Stay safely on pancake wap
Your security shelf:
- ✓ Check the URL:pancakeswap.finance Only (avoid scams!)
- ✓ Start Small: Test new functions with minimal funds
- ✓ Understand risks: perishable loss in agriculture, price volatility when deportation
- ✓ Set a reasonable slip: too high invites from invitation
- ✓ Protect your keys: Never share your private keys or repair sense
- ✓ Disconnect when you are ready: do not leave your wallet connected
Conclusion
Pancake wap blends swaps, agriculture, deployment and pleasure in multiple blockchain networks in one tasty Defi package. The user-friendly interface and expansion of functions make it perfect for beginners and defi-veterans. With support for eight different block chains, you can choose the network that best suits your needs – whether it is the affordability of BNB chain, the variety of Ethereum or the speed of arbitrum.
Ready to jump in? Connect your wallet, change your first tokens and become a member of the Defi party!
Visit for more information and view their other productsPancake wap And start exploring.
