How to Buy Cryptocurrency on Pancakeswap?
Most people tend to buy crypto from centralized exchanges, such as Binance, OKX, especially for beginners. However, some early projects were only listed on DEX(decentralized exchange), such as Pancakeswap or Uniswap. It is not that easy for newbies to trade on DEX, in this article, we will show you how to buy cryptocurrency on Pancakeswap. What Is Pancakeswap? PancakeSwap is the leading decentralized exchange on BNB Smart Chain, with the highest trading volumes in the market. Unlike centralized exchanges like Binance or Coinbase, PancakeSwap doesn't hold your funds when you trade: you have 100% ownership of your own crypto. Different from centralized exchanges, PancakeSwap uses a pricing method called Automated Market Maker (AMM) that allows users to trade without an order book. What Is the Trading Fee of Pancakeswap? When you make a token swap (trade) on the exchange you will pay a 0.25% trading fee, which is broken down as follows: 0.17% - Returned to Liquidity Pools in the for...