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Pancake swap

With the advancement of technology, people are moving towards the digital form of currency, known as cryptocurrencies. These cryptos or cryptocurrencies are decentralized networks based on blockchain technology and will soon become the normalized way for all financial transactions and transfers. Various gamification features and a range of channels via which you can earn Crypto, make it unique from other similar exchange platforms.

But have you ever wondered are these existing crypto resources enough for future generations? Well, in our world, there is always a scarcity of resources, and to overcome this in cryptos, liquidity pools were invented.

Pancake Swap is one of the popular DEX platforms that totally operates on the De-Fi blockchain system and allows you to optimize your crypto by making swaps. To avail of all its features, it is important to create a Pancake swap login account. Here, in this article, we have mentioned what pancake swap is and how you can use it to manage your cryptos.

WHAT IS PANCAKE SWAP?

PancakeSwap is a popular decentralized exchange platform that offers a wide range of services to trade and manages cryptocurrencies. This DEX platform is operated and run by an anonymous algorithm which secures your cryptos using protocols. 

The PancakeSwap exchange consists of many yield farming, tokens, lotteries, liquidity pools, etc. This decentralized exchange offers cheaper and faster trading options to its users. You can use the pancake swap app or website without involving any centralized authority. The pancake swap exchange services made it possible for crypto traders located globally to interact and trade on blockchain networks. Now, we can say that crypto will soon be used by every individual alive, adult and children alike. 

AMAZING FEATURES OF PANCAKE SWAP CRYPTO EXCHANGE

Before you know how to use Pancake swap exchange for trading cryptos, it is important to know its basic features. Pancake Swap allows its users to exchange BEP-20 tokens and their cryptocurrencies between pools. It also offers you liquidity and special token rewards. Given below are some other features that the swap exchange offers:

  • You can trade BEP-20 tokens between various crypto platforms.
  • It is easy and convenient to use. Just go with the sign-up procedure to start exchanging and staking tokens.
  • Trades can also earn rewards using a Pancake swap exchange.
  • You can also use a Return on investment (ROI) calculator.
  • It charges less fees in comparison to other well-known exchanges like SushiSwap and UniSwap.
  • You will get a wide range of tokens, farms, and pools, including about 600 tokens, 90 farms, and 25 pools. 

HOW TO SIGN UP FOR A PANCAKESWAP ACCOUNT?

Follow the below-mentioned steps to set up a wallet on Pancake Swap Login:

  • Firstly, open the MetaMask Wallet.
  • From there, click on the Network Selector bar appearing on your screen.
  • Now, scroll down and click the “Custom RPC” button.
  • After that, you have to provide the below-given information:
    • New RPC URL 
    • Chain ID 
    • Network Name 
    • Currency Symbol 
    • Block Explorer URL
  • After correctly filling in all the details, click on the Save button.
  • Then, move to the PancakeSwap Login extension or visit https://pancakeswap.finance/.
  • From the Homepage that appears on the screen, click the Connect bar located in the top-right corner of your screen.
  • Lastly, a pop-up window will appear on your screen where you need to select the Wallet you would like to connect to.
  • Now, select the Metamask option.

That’s it! You are now done with the steps to sign up for a PancakeSwap account. 

ADVANTAGES OF PANCAKE SWAP V2 EXCHANGE

There are many advantages that you can avail of by using Pancake Swap. So, in this section, we are going to discuss them as well. 

  • Earn more tokens, commonly known as Cake.
  • You need to pay low fees and can enjoy fast transactions.
  • PancakeSwap is based on only a human verification process, therefore No KYC is required.
  • Keep your account Audited and Secured.

HOW DOES PANCAKESWAP WORK?

Well, if you are new to PancakeSwap exchange, it is important to know how it exactly works. The pancake swap app or webpage actually works with BEP-20 tokens. In the Automated Market Maker (AMM) model, traders and investors trade against a liquidity pool comprising funds pooled in by multiple users altogether. Every time when you deposit your supported crypto tokens into liquidity pools, you will get liquidity provider (LP) tokens in exchange. These tokens actually represent your share in the particular liquidity pool.

You can trade on the pancake swap exchange platform only against liquidity pools. LP tokens are generated mainly when you add tokens in pairs, like BUSD-BNB, USDT-BUSD, etc. You can add liquidity or trade CAKE tokens to PancakeSwap and earn rewards, in the form of LP. 

STEPS TO COMPLETE THE FARMING ON PANCAKESWAP LOGIN

If you want to do farming on Pancake swap exchange, go with the following steps: 

  • Open the PancakeSwap Login page.
  • Enter the Login Credentials properly to log in to your account.
  • Go to the Farm option appearing on your screen.
  • Now, select the desired pool from the page that appears on the screen.
  • Click the Enable button to confirm your transaction in MetaMask.
  • Now, choose the amount of the LP tokens you want to stake.
  • Also, check the farm section daily to know the number of CAKE tokens earned by you.
  • If you have to harvest your newly-earned CAKE, press the Harvest button and Confirm the transfer process.
  • When you visit the Syrup Pool, you will get an option to stake your earned CAKE.