PancakeSwap Review 2021

PancakeSwap is a decentralised cryptocurrency exchange with a large number of supported cryptos and additional services.

PancakeSwap is broker that gives traders access to Cryptocurrency. Surprisingly, PancakeSwap does not support either of the enormously popular MetaTrader platforms (4 and 5).

Cryptocurrency traders will have lots of options at PancakeSwap, with 17 different coins to trade: BNB, ALPACA, BELT, BTCB, BUNNY, BUSD, CAKE, EPS, ETH, NRV, SAFEMOON, TKO, USDT, VAI, WBNB, XVS and GCR.

Please note that PancakeSwap is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.

PancakeSwap Summary

PancakeSwap is a decentralised cryptocurrency exchange with a large number of supported cryptos and additional services.

Ratings

20%
Trust
16%
Instruments
0%
Features
BonusNone
InstrumentsCrypto
Demo Account
Min. Deposit$1
Min. Trade$1
Regulated By
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

Cryptocurrency Trading

PancakeSwap supports token trading and liquidity staking services for over 600 cryptocurrencies.

SpreadN/A
CoinsBNB, ALPACA, BELT, BTCB, BUNNY, BUSD, CAKE, EPS, ETH, NRV, SAFEMOON, TKO, USDT, VAI, WBNB, XVS, GCR

Payment Methods

PancakeSwap accepts the following payment methods:

  • Bitcoin Payments
Risk Warning – Your capital is at risk

FAQ

Is PancakeSwap Safe?

In our review we gave PancakeSwap a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that PancakeSwap is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does PancakeSwap Accept PayPal?

No, PancakeSwap does not accept PayPal payments.

Is PancakeSwap Halal?

Probably not, as PancakeSwap does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

Is PancakeSwap Regulated?

No, unfortunately PancakeSwap is unregulated as far as we know. Prudent traders will want to check out the list of FCA regulated brokers for alternatives.

PancakeSwap vs Other Brokers

If you want to compare PancakeSwap with other brokers, use the detailed comparisons below.

PancakeSwap vs
PancakeSwap is a decentralised cryptocurrency exchange with a large number of supported cryptos and additional services.