In the digital currency trading market, Pancake Exchange has attracted much attention as an emerging trading platform. Want to learn how to use Pancake Exchange? Let's unveil the mystery of this exchange full of challenges and opportunities.

 Explore the uniqueness of Pancake Exchange

As an emerging digital currency trading platform, Pancake Exchange is different from traditional exchanges in its decentralized nature. On this exchange, users can trade directly with other users without going through intermediaries. This decentralized feature makes transactions faster, safer, and cheaper.

 Registration and Account Opening Guide

To start using Pancake Exchange, you first need to register an account. During the registration process, you need to provide your email address, set a password, and other information. After registration, you need to authenticate your identity to ensure the security of your account. After completing the authentication, you can start recharging and start trading.

 Detailed explanation of recharge and trading operations

On Pancake Exchange, you can inject funds into your account by recharging digital currency. This can be achieved by transferring digital currency from other wallets to Pancake Exchange account. Once your account has enough funds, you can start trading. After selecting a trading pair, you can set the buy or sell price and confirm the transaction.

 Risk Warning and Trading Tips Sharing

When using the Pancake Exchange for trading, you need to pay attention to the risk of market volatility. In order to reduce the risk, you can adopt strategies such as diversification and setting stop losses. In addition, timely tracking of market dynamics and understanding of market trends are also the key to improving the success rate of transactions.

 Future Outlook of the Pancake Exchange

With the continuous development of blockchain technology, the Pancake Exchange will become more and more popular as a decentralized trading platform. Its low cost and high efficiency will attract more investors and traders. In the future, the Pancake Exchange is expected to become an important member of the digital currency trading market, providing users with a more convenient and secure trading experience.

 Conclusion

Using the Pancake Exchange for digital currency trading is both a challenge and an opportunity. Through the introduction of this article, I believe you have a deeper understanding of how to use the Pancake Exchange. Seize the opportunity and try bravely. I believe you will succeed in this vibrant digital currency trading market!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

After the New Year in 2021, the most active hot topic in the major communities of the currency circle is the BSC smart chain. The Pancake Exchange mentioned in this article has become popular because of the Binance Smart Chain. At present, there are more and more investors using the Pancake Exchange on the market, but not all investors in the currency circle will use the Pancake Exchange. Therefore, in the eyes of a small number of investors, the question of how to use the Pancake Exchange has been to be solved. Next, the editor of the currency circle will tell you in detail how to use the Pancake Exchange?

 How to use the Pancake Exchange?

1. Exchange function:

1. Open the TP (TokenPocket) wallet, click [Discover] at the top to search [Pancake] to find and open the DApp.

2. The top of the DApp is the main function area (PC access will see voting and other functions that have not yet been opened, and the mobile terminal will also support it later). In the [Exchange] interface, we only need to set the tokens and quantity to be exchanged (automatic matching) according to the slippage, handling fee and other information at the bottom. Confirm and click Swap to authorize.

3. The transfer fee of Binance Smart Chain is still very cheap. After the authorization is completed, wait patiently for the exchange to succeed.

4. The token transaction record of Binance Smart Chain cannot be displayed for the time being. The recent version will update support; you can click [View more records] in the token transaction record to query through the block browser. Browser query link

2. Mortgage mining function:

1. Mortgage mining uses the LP mortgage certificate mining mode, so we need to add the supported market-making token pair to the fund pool first. Click [Fund Pool] Click [Add
Liquidity] to select BNB/BUSD (example), set the quantity and click [Approve BUSD] for the first operation authorization.

2. After the first authorization is completed, click [Supply] again to send tokens. Finally, complete the authorization and you can see your market-making record in the fund pool.

3. Click [Fram] at the top to enter the farm and select the BUSD-BNB mining pool. The 10X in the upper left corner represents the mining weight. The higher the value, the faster the mining. Similarly, the first operation also needs to click [Approve
BUSD-BNB FLIP] for authorization.

4. After the authorization is completed, click the plus sign on the right side of the gray Unstake, set the number of FLIPs in the staking interface and authorize.

III. Staking function:

1.1 CAKE = 1
SYRUP, staking CAKE (pancake token) can get SYRUP, holding SYRUP can not only get CAKE rewards, but also be used for subsequent pancake exchange lottery and general governance functions. The first operation requires authorization [Approve
CAKE], and after the authorization is completed, click the plus sign to add CAKE tokens.

2. Set the number of CAKEs to be pledged, click [Confirm], and you can see the number of pledged CAKEs, the number of CAKE rewards you can get, and the number of SYRUPs at the top after the authorization is successful (the voting function has not yet been enabled, so no screenshots are taken). When we don’t need to pledge, click [Unstake] to complete the reward collection and CAKE token redemption operations.

The above is the relevant content about how to use the Pancake Exchange. Finally, the editor of the Coin Circle reminds investors that when choosing an exchange, they must pay attention to the risks of the transaction. The main risk is that if the money you receive from selling coins is involved in money laundering, your bank card will be frozen by the judiciary. Therefore, the editor of the Coin Circle recommends binding the exchange card. It is best to use a card from your local small bank, which is not easy to be frozen and not easy to involve other cards. After you sell the coins, be sure to withdraw the money from the bank in time. Do not operate on your mobile phone. Physical isolation must be performed. Even if the card is frozen, it doesn’t matter. By doing this, the risk of the transaction is basically reduced.