PancakeSwap Exchange — swap tokens with a smooth, low-cost AMM
Discover how PancakeSwap Exchange enables decentralized token swaps, liquidity provision, and yield opportunities. This guide covers the basics and best practices for using the exchange safely.
Tip: Use a secure wallet (like MetaMask or Trust Wallet) and double-check contract addresses before connecting.
Decentralized
No central custodian — you keep your keys.
AMM Liquidity
Automated market making model for instant swaps.
Low fees
Optimized for cheap transactions on compatible chains.
Community
Governance and token incentives led by the community.
How PancakeSwap Exchange works
PancakeSwap Exchange uses an automated market maker (AMM) model: liquidity providers deposit token pairs into pools and traders swap against those pools. Prices are determined algorithmically, and providers earn a share of fees proportional to their liquidity.
Swap tokens
Choose the input and output tokens, set slippage tolerance, and submit the transaction from your connected wallet. The exchange handles the routing and execution.
Provide liquidity
Add tokens to a liquidity pool to earn swap fees — but be aware of impermanent loss risks.