PancakeSwap
PancakeSwap is a multi-chain DEX that started on BNB Chain, with v2, v3, StableSwap and Infinity (hook-based) pools. Swap fees go to LPs, the treasury and CAKE buyback-and-burn.
Cost: A swap costs the pool fee plus gas, with no separate interface fee listed in the docs. v2 swaps pay a fixed 0.25%. v3 pools on EVM chains use 0.01%, 0.05%, 0.25% or 1% tiers, and v3 on Solana ranges 0.01% to 4%. Docs list no separate interface fee.
Checked 2026-10-16 · sources below- Round trip fee
- — buy + sell, platform fee
- $1,000 buy + sell
- — before network + pool fees
- US availability
- Partly available UK: partly available · EU: partly available
More on PancakeSwap: Fees
- Custody
- non-custodial
- KYC
- none
- Platforms
- web
- Launched
- 2020-09
Users paid PancakeSwap about $15.1M in fees in the 30 days to 2026-10-17 (DefiLlama) — a rough measure of how much it is actually used.
Best for: BNB Chain traders and LPs who want deep v2/v3 liquidity and lower fee tiers than a 0.30% default.
PancakeSwap fees
| Fee | Type | Rate | Applies to | Note |
|---|---|---|---|---|
| v2 swap fee | lp | 0.25% | Buy and sell | 0.17% to LPs, 0.0225% to treasury, 0.0575% to CAKE buyback and burn. |
| v3 swap fee (EVM) | lp | — | Buy and sell | Tier of 0.01%, 0.05%, 0.25% or 1%. Split LP/burn/treasury: 0.01% 67/15/18, 0.05% 66/15/19, 0.25% and 1% 68/23/9. |
| v3 swap fee (Solana) | lp | — | Buy and sell | Tiers 0.01% to 4%; 84% to LPs, 8% burn, 8% treasury. |
| StableSwap fee | lp | — | Buy and sell | Pool-specific, e.g. 0.01% on USDT-USDC-type pairs and 0.04% on others. |
| Infinity pool fee | lp | — | Buy and sell | Hooks can set dynamic fees and hook fees; no fixed schedule found in docs. |
| Network gas | network | — | Buy and sell |
How DEX fees work: instead of a platform fee, each swap pays the fee of the pool it routes through (listed above where published). The interface itself may add its own fee.
Platform fees only. On-chain network/priority fees, pool (LP) fees and price impact are extra and vary by trade.
Full PancakeSwap fee breakdown →
Is PancakeSwap legit?
PancakeSwap's custody model: non-custodial.
Incidents on record
- 2021-03-15: DNS hijack (shared with Cream Finance). DefiLlama lists a Frontend & Infrastructure DNS-hijack incident tagged to PancakeSwap and Cream Finance on BNB Chain and Ethereum. No loss amount is recorded. Source
- 2021-04-12: Access-control incident. DefiLlama lists an improper-access-control incident tagged to PancakeSwap on BNB Chain with about $1.8M lost. No primary post-mortem was found. Source
Where PancakeSwap is available
| Region | Status |
|---|---|
| United States | Partly available |
| United Kingdom | Partly available |
| European Union | Partly available |
Terms bar sanctioned persons and residents of comprehensively US-sanctioned jurisdictions, and Initial Farm Offerings exclude the US. Tokenized-stock products are geo-blocked per provider: the US and UK are blocked for several providers, and bStocks blocks most of the EU. (source)
We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.
Pros and cons
Pros
- The v2 fee of 0.25% is below the 0.30% v2 fee common on Uniswap-style forks.
- v3 offers a 0.01% tier for stable and correlated pairs.
- Part of every v2 and v3 swap fee funds CAKE buyback and burn, as published in the docs.
- DefiLlama tracks PancakeSwap deployments on 12 chains including BNB Chain, Ethereum, Base, Solana and Aptos.
Cons
- Solana v3 pools can charge up to 4% per swap.
- The referral/affiliate program is archived.
- Initial Farm Offerings and several tokenized-stock products are closed to US persons.
- General terms were last modified in February 2023 and do not address the UK or EU.
Features
limit ordersperpscross-chain swapsliquidity provisionhookstokenized stocks
Alternatives to PancakeSwap
Orca
Solana traders and LPs who want a concentrated-liquidity DEX with no interface fee and a wide range of pool fee tiers.
0%Round trip
Uniswap
Traders and liquidity providers who want direct access to Uniswap pools across many EVM chains without an interface fee.
0%Round trip
Aerodrome
Base traders and LPs, especially those who lock AERO to vote and earn swap fees.
Meteora
Solana LPs who want dynamic-fee concentrated liquidity, and launchpads that need configurable bonding curves.
Head to head
Where PancakeSwap ranks
- #4 in Best platforms for trading Base memecoinsof 10
- #5 in Best platforms for trading BNB Chain memecoinsof 10
- #5 in Best Solana DEXes and aggregatorsof 9
- #5 in Best DEXes for memecoinsof 10
- #6 in Best platforms for trading on Robinhood Chainof 10
- #6 in Best no-KYC crypto exchangesof 10
Explainers related to PancakeSwap
PancakeSwap FAQ
Is PancakeSwap legit?
PancakeSwap is a non-custodial DEX whose fee splits are published in its docs. DefiLlama tracks it on 12 chains and its hacks dashboard lists two 2021 incidents, a DNS hijack and a $1.8M access-control exploit. A proposal from October 2026 to raise LP fee share to 88% was still at discussion stage.
What are PancakeSwap's swap fees?
v2 swaps cost 0.25%. v3 pools on EVM chains use 0.01%, 0.05%, 0.25% or 1% tiers. Solana v3 tiers range from 0.01% to 4%. StableSwap fees depend on the pool.
Where do PancakeSwap fees go?
On v2, 0.17% goes to LPs, 0.0225% to the treasury and 0.0575% to CAKE buyback and burn. v3 splits vary by tier.
Can US users use PancakeSwap?
Terms exclude sanctioned jurisdictions and bar US persons from Initial Farm Offerings. Several tokenized-stock providers also block the US and UK.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- PancakeSwap Docs: Token Swaps — checked 2026-10-16
- PancakeSwap Docs: Liquidity Pools — checked 2026-10-16
- PancakeSwap Docs: Classic StableSwap — checked 2026-10-16
- PancakeSwap Docs: Infinity FAQ — checked 2026-10-16
- PancakeSwap Docs: [Archived] Affiliate Program — checked 2026-10-16
- PancakeSwap Docs: Tokenized Stocks Geo-block — checked 2026-10-16
- PancakeSwap Terms of Service (last modified 2023-02-28) — checked 2026-10-16
- DefiLlama: PancakeSwap — checked 2026-10-16
- DefiLlama: Hacks dashboard — checked 2026-10-16
- Wikipedia: PancakeSwap (launch date, anonymous founders) — checked 2026-10-16
- Crypto Briefing: PancakeSwap proposes 88% LP fee share — checked 2026-10-16