You can earn money through crypto in various ways. One of the most recent ways you can do so is by playing games based on the blockchain. These games are powered by tokens not usually found in popular exchanges like Binance, Crypto, and Robinhood. A platform that often houses these tokens is PancakeSwap.
PancakeSwap is a food-themed Defi protocol that contains more crypto than your regular popular exchange. It is a Binance Smart Chain-based DEX launched by unknown developers. Most of today’s blockchain games can be played using coins you can swap in and out of using PancakeSwap. If you want to play smoothly, here is a quick guide to using the platform.
How Does It Work
The platform makes use of an automated market-maker model. You can trade digital assets on the platform, but the thing is, you trade against a liquidity pool. The pools are filled with funds from other users. You can reclaim your share and some of your trading fees using the liquidity provider. This differs from other platforms, with an order book matching you with other users.
Using it wisely, you can make a lot out of using PancakeSwap. You can trade BEP-20 tokens and add liquidity to earn rewards using PancakeSwap. However, if you are into blockchain gaming, there is a good chance you will mainly use the platform to buy the token you need.
How To Use PancakeSwap
First, PancakeSwap does not have any app or program like other exchanges. Instead, you must access the exchange on mobile or desktop browsers. We suggest using the desktop version of the exchange as it is easier to use, and the menus are also easier to navigate.
First, you will need to connect a wallet to the platform. PancakeSwap can connect with Metamask, WalletConnect, Trust Wallet, and more. These are wallets that you can create for free. They also have desktop extensions that will make it easier for you to connect to the wallet directly. We suggest using these three wallets as they are safer and offer more crypto pairings.
You can exchange Ethereum for many tokens, making it the perfect coin to trade with on various exchanges. Once you connect your wallet, getting or exchanging these tokens on PancakeSwap will be easy. When topping up PancakeSwap, buying Ethereum using your connected wallet is best.
PancakeSwap is one of the most useful exchanges for crypto gamers. There are lots of coins you can use on the platform. In most cases, PancakeSwap will immediately list the coins for a certain token on their platform.
