PancakeSwap - Overview of the Decentralized Cryptocurrency Exchange

"Trade" Section

• "Swap". This is an exchange in the classic sense of the word. You can "swap" one coin for another with minimal commission and maximum speed.



• "Limit". This feature allows you to select the direction in which you intend to make an exchange and set the price of the order at which the exchange will be executed.



• "Liquidity". You have the opportunity to become a liquidity provider, receiving LP tokens, but before doing so, it's better to study what Impermanent Loss is to be aware of the potential risks.



• "Perpetual". In this section, you can trade derivatives (futures).



"Earn" Section

• "Farms". LP tokens can be invested in so-called "farms" to receive a percentage income.



• "Pools". In this section, you can invest CAKE tokens in "syrup" pools and earn by staking. The reward for staking will be the currency of the selected pool. The reward can be claimed at any time, paying the transaction fee.



"Win" Section

• "Trading Competition". If you actively trade, you can participate in the traders' competition and compete for good cash prizes.



• "Prediction (BETA)". This is a new option, currently in beta testing. It allows you to earn by predicting the course of the BNB/USDT pair over a 5-minute period.



• "Lottery". There is also a lottery on the platform that takes place every 6 hours.



"NFT" Section

• "Overview". You can view new NFT collections, collections that are currently in demand, and new NFTs in this section.



• "Collections". There is an opportunity to track NFT collections, see at what prices NFTs are being sold, and buy if desired.



• "Activity". In this section, you can track NFTs listed for sale.

1. Go to the pancakeswap.finance website.

2. Click on the "Connect Wallet" button.

3. Choose Metamask or any other wallet.

4. Enter your password and click on the "Unlock" button.

5. Click on the "Next" button.

6. Click on the "Connect" button.

1. Go to the pancakeswap.finance website.

2. Click on the "Trade" tab, then "Swap".

3. Select the exchange direction and activate the token by clicking on the "Enable" button.

4. Click on the "Confirm" button.

5. Perform the exchange (1-2 – Select the exchange direction; 3-4 – Enter the amount you want to exchange; 5 – Click on the "Swap" button).

6. Click on the "Confirm Swap" button.

7. Click on the "Confirm" button.

Done! This is how the completed exchange transaction will look in PancakeSwap.

1. Go to the Metamask extension Metamask.

2. Add the BSC network (1 – Click on "Ethereum Mainnet Network"; 2 – Click on the "Add Network" button).

3. Fill out the form with the following information and click on the "Save" button.

For your convenience, here are the details for you to copy:

• Name – Binance Smart Chain
• RPC URL – https://bsc-dataseed.binance.org/
• Chain ID – 56
• Currency Symbol – BNB
• Block Explorer URL – https://bscscan.com

Done! This is how your Metamask account will look after the performed actions.