PancakeSwap - decentralized cryptocurrency exchange review

Trade section

• Swap. This is an exchange in the classical sense of the word. You can "swap" one coin for another with a minimum commission and maximum speed.
• "Limit". This feature allows you to choose the direction in which you are going to make an exchange and set the price of the order for which the exchange will work.
• "Liquidity. You have the opportunity to become a liquidity provider by receiving LP tokens, but before doing this, it is better to study what is Impermanent Lossto be aware of 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 interest income.
• Pools. In this section, you can invest CAKE tokens in "syrup" pools and thus earn on staking. The reward for staking will be the currency of the selected pool. The reward can be withdrawn at any time by paying a transaction fee.

Windows section

• «Trading Competition». If you are an active trader, you can participate in the traders' competition and compete for good cash prizes.
• "Prediction (BETA)". This is a new option that is currently in beta testing. It allows you to make money on predicting the BNB/USDT pair rate for a 5-minute period of time.
• Lottery. There is also a lottery on the platform, which takes place every 6 hours.

NFT section

• "Overview". You can view new NFT collections, collections that are in demand at the moment, and new NFTs in this section.
• Collections. There is an opportunity to track NFT collections, see at what prices NFTs are sold and, if desired, buy.
• activity. In this section, you can track the NFTs offered for sale.

1. Go to the site pancakeswap.finance.

2. Click on the "Connect Wallet" button.

3. Выберите 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 site pancakeswap.finance.

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. Make an exchange (1-2 - Select the direction of the exchange; 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.

Ready! This is how the completed exchange transaction will look like in Pancake swap.

1. Go to extension Metamask.

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

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

For your convenience, we have given you the data so that you can copy:

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

Ready! This is how your account will look like Metamask after the actions taken.