Pancakeswap Reviews

Home | PancakeSwap

Crypto pancakeswap.finance
2.92
53 reviews
Average Rating
Based on 53 user experiences

Rated 2.92 out of 5 by 53 Happy Customers

37.7%
5.7%
7.5%
9.4%
37.7%
All 5 ★ 4 ★ 3 ★ 2 ★ 1 ★ 😊 Positive 😐 Neutral 😞 Negative Reset Filter
A

probable scam site AVOID

I lost first 80 euros that I ve had putted on farming When I did the unstaking it is just disappeared from the wallet I asked to some of their volunteers who just disappeared too after I gave him the datas asked for helping So no answer about my lost tokens 2 5 cake and equivalent BNB I have other roughly 4 500 euros worth cryptos but it does not allow me to swap them even at 21 slippage No customer service no possibility to sell assets dont invest here buy real cryptos and not shitcoins on shitswaps
M

Scammers heaven

This is the real threat to crypto market Over 90 of tokens available are fake and by scammers Believe me I tested many with low investments and obviously lost all Super inflated gainers then rug pulling Easy They should be completely banned to operate and hope they will soon Will never ever make another investment in their platform and strongly advise anyone not to Is something like a legal fraud - they facilitate the selling of a scam or a fake coin Imagine shopping at Tesco a Coke and get just coloured plain water which by the way you still get something this is pancakeswap
P

Pancakeswap is rigged

Pancakeswap is rigged the prediction liquidity and the prep all are rigged 1st the prediction game is totally rigged 2nd If you attend to lock liq with them then try to unlock it you ll get a sign in message to your wallet right before the sign message to confirm the unlock of liq PLEASE be careful with this because that s how all these guys in reviews their money got stolen from their wallets 3rd the prep platform is a scam they liquidate you before your liq lvl reach if you attend to open long or short the system will open both position at same time and cause you to lose money and you deposited more than one coin to the platform you will lose it all even if you re in profit STAY AWAY FROM PANCAKESWAP THEY BECOME TRASH DUE TO THIER GREEDY AND DISHONEST
A

Pancakeswapmeta is a big SCAM in 2022

Pancakeswapmeta is a big SCAM in 2022 They looted millions of USDT from people from their hard earned and borrowed money They start with giving small pay outs and give commission for referring friends into this platform and finally they loot the entire money First they will say our account is frozen then will ask again money to invest for getting back Coco the said name by the scammer ph 639677061065 had helped me to setup the staking platform for me Karma will never spare this looters any more
M

Pancakeswap

Pancakeswap Is scammed our liquidity in pancake v2 This pancake swap behind the scenes are scammed No live support No one supporting if in case you encounter problem Dont make any bep20 tokens its scammed
P

Pancakeswap finance is a terrible

Pancakeswap finance is a terrible scammers This terror has been destroying people life but he just messed around a wrong person now I will make sure I deal with this criminal in my own way Don t click on the wallet I repeat do not click on wallet
P

Scam site

Scam site Makes unauthorized withdraws from your wallet and doesn t pay out interest as advertised Who knows what else is going on behind the scenes Stick with Uniswap or TraderJoe exchange that are more reliable trustworthy and actually follow through on payments
W

PANCAKE SWAP IS CRYPTO SCAM CENTRAL

PANCAKE SWAP IS CRYPTO SCAM CENTRAL BEWARE WARNING 90 OF THE TOKENS ARE FAKE AND ARE ENBEDDED WITH BACKDOOR CODE THEYRE CALLED HONEY TRAPS THEYLL HAVE 99 SELLING FEES AND WCAN IN MOST PARTS TAKE CONTROL OF YOUR WALLET ONCE YOU PURCHASE THE TOKENS DO NOT USE PANCAKE SWAP STICK TO LEGIT LARGE EXCHANGES
E

Exchange pancakes today I attempted to

Exchange pancakes today I attempted to use pancakeswap to send money to a bed and breakfast but today 987 mysteriously disappeared Pancakeswap has never given me any problems previously I am therefore unable to trade today at least until I make up the lost money As it turns out there is absolutely no way to contact pancakeswap I had no idea that there was no support staff accessible for this exchange if users had issues I praise God that He introduced me to Bleckrok Anyone looking for a trustworthy investing platform should STRONGLY CONSIDER BLECKROK COM They are just the greatest option available
S

I WAS obsessed with this DEX

I WAS obsessed with this DEX I provided liquidity staked a bunch of cake for voting power and 90 compounding APY I bought 2 crypto url domain names made a public profile etc This was my go-to DEX Then came the emission reduction to lower the amount of cake being distributed to stakers I thought no big deal Deflationary coin good But I guess I was a little annoyed they waited until a bunch of users locked their 90 apy coins for 1 year before floating the idea of lowering it to 70 Whatever I guess But then comes the launch of V3 There was a promotional airdrop for users who provided at least 1000 in liquidity I provided the liquidity but never got the airdrop I thought no big deal I ll just send a message to their twitter support thing But never got a response It s fine they must be busy I guess Whatever But then comes the 3 APY in the locked cake coins I thought wait what This was triple digits APY and now it s 3 That s seems like a lot But whatever I thought that much of a reduction in the APY must mean the coin is worth so much more Can t wait to check the price oh it lost 73 since I locked my cake coin Lol Ok this is kinda dumb But then I discover beefy Trader joe retro gamma and pearl My cake was unlocked like a week ago and I dumped it so fast it made MY head spin And I did it on BiSwap to minimize the fees pancakeswap would ve gotten Do NOT waste your time here Check out Beefy vaults Retro gamma and pearl for much better opportunities and platforms that actually respect their users

About Pancakeswap

The most popular AMM on BSC by user count! Earn CAKE through yield farming or win it in the Lottery, then stake it in Syrup Pools to earn more tokens! Initial Farm Offerings (new token launch model pioneered by PancakeSwap), NFTs, and more, on a platform you can trust.

United States

Visit Website

Own this business?

Claim your profile to respond to reviews, manage your listing, and build trust with customers.

Claim This Business

Frequently Asked Questions

PancakeSwap is a leading decentralized finance (DeFi) platform functioning as an automated market maker (AMM) and decentralized exchange (DEX). It operates on the BNB Chain, enabling peer-to-peer cryptocurrency trading, liquidity provision, yield farming, and other financial services without centralized intermediaries.

To trade on PancakeSwap, you need a Web3 wallet compatible with the BNB Chain, such as MetaMask or Trust Wallet, funded with BNB or other BEP-20 tokens. Connect your wallet to the PancakeSwap website, navigate to the 'Trade' section, select the tokens you wish to swap, and confirm the transaction. The platform uses smart contracts to execute trades based on liquidity in its pools.

Liquidity pools are smart contracts that hold pairs of tokens, enabling trading on PancakeSwap. Users, known as Liquidity Providers (LPs), deposit an equal value of two tokens into a pool. In return, they receive LP tokens and earn a share of the trading fees from swaps in that pool. Additionally, LPs can stake their LP tokens in 'farms' to earn extra rewards, often in CAKE tokens.

CAKE is the native utility token of the PancakeSwap ecosystem. Its primary uses include governance voting on platform proposals, staking in Syrup Pools to earn other tokens, participating in the platform's lottery and NFT marketplace, and obtaining discounts on trading fees. It serves as a central incentive and governance mechanism within the platform.

An Initial Farm Offering (IFO) is a launchpad feature on PancakeSwap that allows new projects to distribute their tokens. Users can participate by committing CAKE-BNB LP tokens to purchase tokens from upcoming ventures. This provides early access to new projects while supporting the broader DeFi ecosystem on BNB Chain.

Related Companies

View All
1
App
2.63 (43) · app.uniswap.org
2
Uniswap
2.18 (39) · uniswap.exchange
3
Pumpfarmer
4.64 (11) · pumpfarmer.pro
4
Shibaswap
1.80 (10) · shibaswap.com
5
Pool
0.00 (0) · pool.cakedefi.com
6
Pancakebunny
0.00 (0) · pancakebunny.finance
Looking for Pancakeswap alternatives? We've ranked 6+ similar companies by reviews.
View All Alternatives

About Pancakeswap

PancakeSwap: A Leading Decentralized Exchange on BNB Chain

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.

Core Functionality and Trading

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.

Liquidity Pools and Yield Farming

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

The CAKE token is central to the PancakeSwap ecosystem. It serves multiple purposes, including:

  • Governance:CAKE holders can participate in platform governance by voting on proposals that shape the future development and parameters of PancakeSwap.
  • Staking and Syrup Pools:Users can stake CAKE tokens in "Syrup Pools" to earn rewards in other promising tokens launched on the platform.
  • Lottery and NFTs:CAKE is used to participate in PancakeSwap's on-chain lottery and to purchase NFTs from its collectibles marketplace.
  • Transaction Fee Discounts:Holding CAKE can provide users with discounts on trading fees.

Additional Features and Products

PancakeSwap has expanded beyond simple token swaps to offer a suite of DeFi products:

  • Initial Farm Offerings (IFOs):A launchpad for new projects where users can commit CAKE-BNB LP tokens to purchase tokens of upcoming ventures.
  • Prediction Markets:Users can forecast the price movement of BNB and other assets to win rewards.
  • Perpetual Trading:The platform offers leveraged perpetual futures trading for various cryptocurrency pairs.
  • Gaming and NFTs:An integrated gaming marketplace and NFT ecosystem where users can play, collect, and trade digital assets.

Security and Accessibility

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.