PancakeSwap™ Exchange — The Complete Beginner’s Guide

Always start from the verified domain: https://pancakeswap.finance/. Check for the secure padlock (🔒) in your browser’s address bar and avoid imitation or phishing links. This is your foundation of security in the DeFi space.

PancakeSwap™ Exchange is non-custodial — meaning you own your funds entirely. To get started, you need a wallet that supports the BNB Chain:

• MetaMask Wallet: Available as a browser extension and mobile app.
• Trust Wallet (App): Ideal for mobile trading.
• Binance Wallet: Perfect for direct BNB Chain access.

Once your wallet is installed, create or import an account, back up your 12-word recovery phrase securely, and never share it with anyone.

Visit the official site and click “Connect Wallet” (top right). Select your wallet type and approve the connection. This step simply authorizes PancakeSwap to view your address — your funds remain fully under your control.

PancakeSwap™ Exchange allows fast token swaps at minimal fees using BNB Chain liquidity pools. To perform a swap:

• Open Trade → Swap.
• Choose the tokens you want to exchange (e.g., BNB → USDT).
• Set your amount and review slippage tolerance (usually 0.5–1%).
• Click Swap and confirm in your wallet.

Your transaction will confirm in seconds. You can track it on BscScan.

Liquidity providers (LPs) earn rewards whenever users trade from their pools.

• Go to Earn → Liquidity.
• Select your token pair (e.g., BNB/USDC).
• Deposit equal values of both tokens.
• Receive LP tokens representing your share of the pool.

LPs receive a share of trading fees and can stake LP tokens in farms to earn extra CAKE rewards.

Yield farming is one of the most popular features of PancakeSwap™ Exchange:

• Navigate to Earn → Farms.
• Stake your LP tokens in the corresponding farm (e.g., BNB-CAKE Farm).
• Earn CAKE rewards that you can harvest anytime.

Alternatively, stake CAKE tokens in Syrup Pools to earn more CAKE or partner tokens passively — an easy way to grow your portfolio without active trading.

PancakeSwap™ offers a variety of engaging features beyond swapping and farming:

• Lottery: Buy tickets using CAKE for a chance to win large prizes.
• Initial Farm Offerings (IFO): Participate in new token launches directly on the platform.
• NFT Marketplace: Trade, buy or mint unique NFTs on BNB Chain.

These features add utility and community fun to the PancakeSwap ecosystem.

Security is crucial when you control your own funds. Follow these steps to stay safe:

• Use official links and verify URLs (pancakeswap.finance).
• Enable biometric lock or PIN on your wallet app.
• Review smart contract approvals regularly and revoke unused permissions on sites like BscScan Token Approvals.
• Store recovery phrases offline and never share them with anyone.
• For large amounts, use a hardware wallet like Ledger or Trezor for maximum security.