PancakeSwap - decentralized cryptocurrency exchange review

PancakeSwap - decentralized cryptocurrency exchange review

Fast speed and low fees are among the top priorities when exchanging cryptocurrencies. Decentralized cryptocurrency exchange Pancake swap has the above benefits and is always ready to help in the exchange of tokens on the Binance Smart Chain network.

In this article, we will look at the main features that a cryptocurrency exchange offers. Pancake swapand also learn how to use it.

PancakeSwap Website

About PancakeSwap cryptocurrency exchange


Pancake swap is a decentralized (DEX) cryptocurrency exchange that runs on the Binance Smart Chain (BSC) network. The platform has its own CAKE token and is similar to Uniswap and SushiSwap, but unlike these Ethereum exchanges, Pancake swap fast transactions and low commissions due to work in the BSC network.

The platform was launched in early autumn 2020 by an unknown developer with the support of Binance. As early as February 2021 Pancake swap became one of the largest DeFi exchanges in terms of trading volume, and in March surpassed Uniswap in total funds blocked (TVL) - $ 4 billion against $ 3.73 billion.

At the time of writing the article Pancake swap is in the TOP-3 DEX exchanges according to the version CoinMarketCap.

The exchange has been audited by CertiK and is integrated with all of its security tools: Security Oracle, CertiKShield DeepSEA and The CertiK Virtual Machine. The results of the CertiK audit can be viewed at this page. The site also passed Slowmist security audit.

These checks make it clear that the service is not scam and has no obvious vulnerabilities, but they do not guarantee the security of the platform, which proves the hacking of the DeFi protocol and the lottery Pancake swapthat occurred after the CertiK audit. Therefore, be careful using any DeFi applications, including Pancake swap.

Connect to Pancake swap can be done with:

What features does PancakeSwap provide?


So that the article does not take up a lot of space, we decided to write about the possibilities of the exchange Pancake swap under the spoiler, so click on the "+" and get acquainted with the information.

  • Features of the PancakeSwap exchange

PancakeSwap Instructions


We have prepared a set of instructions for working with a decentralized cryptocurrency exchange Pancake swap for a quick start.

  • How to make an exchange for PancakeSwap on the example of Metamask
  • How to Connect the Binance Smart Chain (BSC) Network to Metamask

Conclusion


Today Pancake swap is one of the most actively developing cryptocurrency DEX exchanges. Due to the fact that the exchange operates on the BSC network, transactions are faster and require lower commissions, unlike competitors on the Ethereum network.

In case you need to exchange tokens on the BEP-20 network, then a cryptocurrency exchange Pancake swap would be a great option for this.

Write in the comments: have you used the cryptocurrency exchange Pancake swap... Share your impressions with our partners.

We hope this article was helpful to you. All successful and profitable investments!

PancakeSwap Website

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Комментарии (6)

  1. Wael77 5 September 2022 10: 45

    No I haven't used pancake swap till now..

    Thanks for the article Admin!

    A complaint
  2. UdayAS8 13 July 2022 22: 50

    I've heard alot of it but sadly i don't dare to try anything new cause almost everything is banned in my country and the idea of ​​me losing some money due to the blockage terrifying me 

    Thanks for the article richie


    A complaint
  3. Akimskate 24 May 2022 22: 22

    One of the top exchangers, especially when it comes to various shields

    A complaint
  4. Alex2601 23 May 2022 19: 17

    Thanks for the info! Useful link, maybe someday it will come in handy!

    A complaint
  5. 4difeer666 23 May 2022 16: 09

    A pleasant exchange, but for all kinds of coins, as for trading or a wallet, it’s clearly not the same

    A complaint
  6. Managerruslan 23 May 2022 15: 19

    If this exchange were a project, I would throw $ 200)
    Everything is so well done

    A complaint