WHAT IS PANCAKESWAP?
![](https://public.bnbstatic.com/image/pgc/202311/7299bfe63505fae66132882029617841.png)
No, it's not a real pancake! But it has the good sweet flavour of it when it comes to good APY and yields! PancakeSwap helps you make the most out of your crypto in three ways:
Trade
Earn
Win
PancakeSwap is a decentralized exchange native to BNB Chain. Users can swap their coins for other coins without the input of middleman services.
![](https://public.bnbstatic.com/image/pgc/202311/a32fa6839e193f9ae80b1be4089d8a5a.png)
PancakeSwap focuses on BEP20 tokens – a specific token standard developed by Binance.
KEY FEATURES INCLUDE
Trade
- Instantly swap crypto tokens: no registration or account needed.
Low fees
Why pay more? PancakeSwap runs on BNB Smart Chain, a blockchain with much lower transaction costs than Ethereum or Bitcoin. Trading fees are lower than other top decentralized exchanges too, so that's a double win for you!
![](https://public.bnbstatic.com/image/pgc/202311/ba50bea92faf8b0236e84ebbd73333ed.png)
Decentralized
Trade directly from your wallet app. Unlike centralized exchanges like Binance or Coinbase, PancakeSwap doesn’t hold your funds when you trade: you have 100% ownership of your own crypto.
Earn
Earn CAKE and other tokens for free with super high interest rates.
![](https://public.bnbstatic.com/image/pgc/202311/01b91f08dec06412bfd481b1a08f0ea6.png)
Earn tokens with Syrup Pools
Stake CAKE, earn free tokens. It’s really that easy. CAKE holders right now are earning tens of millions of USD worth of free tokens each week from major projects. New projects join the party frequently, so you can earn more, for even longer.
Earn CAKE with Yield Farms
Stake LP tokens, earn CAKE. You take on a little more exposure to market fluctuations than with the Syrup Pools, but can earn higher APR to offset the risk.
Earn Trading Fees
No farm? No problem. Even if your trading pair isn’t supported on the Farms page, you can still earn trading fees when you stake your tokens in Liquidity Pools (LPs).
![](https://public.bnbstatic.com/image/pgc/202311/0b8cae9f739d8460a6280bb939722626.png)
Win
PancakeSwap makes making money fun.
Lottery
Millions of dollars regularly go up for grabs on the PancakeSwap Lottery.
NFT Collectibles
Win collectible NFTs for participating in trading competitions and more fun & games.
Prediction
Win BNB if you can predict whether the BNB price will rise or fall. New rounds every 5 minutes!
Pottery
Win a bigger yield on your CAKE deposit, combining CAKE lock-staking and lottery!