Based on authentic user experiences
Based on authentic user experiences
Kevin from USA
N/A
Facilitates pump and dump schemes
This site seems to be purely for speculating on low quality crypto-tokens Facilitates pump and dump schemes Even if you get on the winning side of one of these trades they and probably their partners running the tokens fleece you on fees and penalties I went up 60 on Safemoon and after penalties and fees was down 5 I would stay clear of this service
PancakeSwap is a prominent decentralized finance (DeFi) platform operating as an automated market maker (AMM) on the BNB Chain. It allows users to trade cryptocurrencies directly with one another without the need for a traditional centralized intermediary like a bank or brokerage. By leveraging smart contracts, PancakeSwap facilitates peer-to-peer trading, liquidity provision, yield farming, and various other financial services in a permissionless and trustless environment.
At its heart, PancakeSwap functions as a decentralized exchange (DEX). Users can connect their Web3 wallets, such as MetaMask or Trust Wallet, to swap hundreds of different BEP-20 tokens. The platform uses a constant product formula to determine asset prices based on the available liquidity in trading pools. This model ensures that trades can be executed at any time, provided there is sufficient liquidity, with pricing that adjusts algorithmically based on supply and demand within each pool.
A critical component of PancakeSwap's ecosystem is its liquidity pools. Users, known as Liquidity Providers (LPs), can deposit pairs of tokens into these pools to enable trading. In return for providing this essential service, LPs earn a portion of the trading fees generated from all swaps occurring in their pool. Furthermore, PancakeSwap incentivizes liquidity provision through yield farming. LP token holders can stake their tokens in designated "farms" to earn additional rewards, typically paid in the platform's native utility token, CAKE.
The CAKE token is central to the PancakeSwap ecosystem. It serves multiple purposes, including:
PancakeSwap has expanded beyond simple token swaps to offer a suite of DeFi products:
PancakeSwap's smart contracts have undergone multiple audits by reputable security firms to help ensure the safety of user funds. Its interface is designed to be user-friendly, lowering the barrier to entry for individuals new to DeFi. By building on the BNB Chain, PancakeSwap benefits from significantly lower transaction fees and faster confirmation times compared to networks like Ethereum, making frequent interactions with the protocol more economical.
In summary, PancakeSwap is a comprehensive, community-driven DeFi hub that provides a wide array of financial services. From swapping tokens and earning yield through liquidity provision to participating in project launches and prediction games, it offers tools for both novice and experienced cryptocurrency users seeking to engage with decentralized applications on the BNB Chain.
Sham
N/A
Please be warned
I purchased QUINT tokens on Pancakeswap and 38 tokens are missing from the order I clearly checked it when I clicked confirm So disappointed that I have sent an email to info pancakeswap to resolve this It seems looking at all these reviews that I will not get much joy This is shocking I have calculated what I transferred to my wallet and not only have they charged me for the missing 38 tokens but also extra money from my wallet balance is missing This is hurtful and they should not be allowed to take people s hard earned money
Mark Carter
N/A
the Router must me a Potato
the Router must be a Potato profitable for them as you cant take profit when u want as the app takes 10mins to load your balance of tokens still profitable but buggy and stressful To Be Fair What they have offered the public is HUGE and makes equal opportunity for all but guys UPGRADE EVERYTHING QUICK please
JEN P
N/A
Fees an astonishing 98
Fees an astonishing 98 if we would have known that of course there s no way anyone would do it We recently transferred 100 from a dog meme coin in a wallet paying Simplex via Pancakeswap and Trust Wallet to Binance smart chain and stunned to see fees were a staggering 98 61 so we ended up getting 1 39 net That is not a misprint or joke and is more than 98 in fees How is that possible P S Simplex says they are only a payment processor so not liable for my 98 in fees and to contact pancakeswap and trust wallet Easier said than done as Pancake by its own admission on a google search offers zero support and Trust Wallet does nothing
JEN P
N/A
Been wasting lots of extra time trying
Been wasting lots of extra time trying to contact pancakeswap cutomer support without success re my funds being taken with no notification about the rip-off fees Also tried lots of Google searches There s one kind thing I can say about this corrupt business is at least they are honest by openly admitting it on their pancakeswap finance website with this notice THERE IS NO CUSTOMER SUPPORT FOR PANCAKESWAPHow in the world do they stay in business with zero support It s because if you are buying coins not listed on major exchages so you have little choice but to use pancake swap They make tons of money with lots of transactions from people who were not aware of the insane costs all without help and support
Gabriel G
N/A
Scamming exchange
Scamming exchange Second time I swap and don t receive my token while they took the exchanged token I had many successful swaps with them but now I ve waited and got nothing Big MINUS because you don t have any support and only offers a Telegram group filled with scammers and worst of all as soon I write I get blocked Fkng great costumersupport and not at all fischy You know who blocks customers asking questions Scammers
SJ AJ
N/A
Absolute Poo Show of a site the
Absolute Poo Show of a site the Prediction Beta is a complete scam I Lost 9 Bnb thanks to those morons They just make up their own charts not even relevant to the chart displayed below I have screenshots and all will never recommend this scam again to anyone NEVER USE THIS SCAM Interesting how this reveiw will be sent to their team yet their site has no contacts LOL SCAM NATION 101
Jhon
N/A
No customer service Prediction rigged
How is this B s prediction manipulation even legal I guarantee they ve cheated people out of million s after these YEARS of BETA I hope there is a class lawsuit on pancakeswap they don t even have customer service no body to answer these claims So many people got screwed and no reprecussions no response nothing clear fraud we need a pancake type of swap that doesn t steal and cheat there clients They make a ton of money doing things the right way as is but these crazy added fees bullsht slippage rule is more tax prediction pays there drug habits and club drinks vacation Scum slime you people will pay one way or another
Hendy Zulkifli
N/A
CUSTOMER SERVICE NO CONTACT PLEASE
CUSTOMER SERVICE NO CONTACT PLEASE REMOVE THIS TEXT BECAUSE I WRITE IT HARD WHEN I WANT TO ADD TOKEN Anyone can create a BEP20 token on BSC with any name including creating fake versions of existing tokens and tokens that claim to represent projects that do not have a token If you purchase an arbitrary token you may be unable to sell it back
Derek Combs
N/A
Absolute joke of a crypto company
Absolute joke of a crypto company Prediction models were so atrociously wrong that I lost 650 because of it Comparing all their data from the databases they use and they just make up all of the cryptocurrency values PLUS THEY HAVE ZERO SUPPORT Admins ignore you when you provide all the documentation to prove it and blatantly disregard all complaints Do not go here
