How to Create a Pancakeswap Account, Beginners Must Read!

Pancakeswaps is an exchange that allows its users to trade cryptocurrencies and tokens without intermediaries. For that, you need to know how to create a pancakeswap account.

The service is based on Binance Smart Chain (BSC), a blockchain platform powered by the crypto exchange Binance with automated smart contracts.

Though Binance operates a centralized exchange, please note that the exchange does not control or operate PancakeSwap which was built by an anonymous developer.

Well, if you want to know how to create a pancakeswap account, this time VCGamers will tell you how it works. Read more below! 

What is PancakeSwap?

PancakeSwap is an automated market builder (AMM) that makes it possible to trade cryptocurrencies on the Binance Smart Chain (BSC) network. This network is what differentiates PancakeSwap from Uniswap.

With this AMM concept, you as a user can use a pool or trading user to trade cryptocurrency coins. To create a fundraising pool, PancakeSwap offers a DeFi Farming Extension for contributors.

These extractions amount to more than billions of US dollars in Total Value Locked (TVL). Additionally, this platform was first launched in September 2020 on BSC, is also part of a growing DeFi portfolio and is one of BSC's largest DEXs.

In fact, it's cheaper and easier to use, especially compared to other exchanges like Uniswap and Sushi.

How to Create a Pancakeswap Account

If you want to start using it but are still confused, you can follow the steps and how to create a pancakeswap account below! 

1. Install the MetaMask extension in the Chrome browser application.
2. Once installed, click on the Start button. Create a new wallet by clicking on the New Wallet option.
3. You can also use a digital wallet by clicking on the Import Wallet option. When you enter the MetaMask page, you can see the Ethereum Mainnet network as the backup network for this wallet.
4. To replace it, click Ethereum Mainnet and select the Custom RPC option. Select the new network option and fill in the data in the fields provided.
5. Click save when finished.
6. Visit the official PancakeSwap site (https://pancakeswap.finance/).
7. Click Connect Wallet in the upper right corner.
8. Select MetaMask and set permissions.
9. Done.

Also read: Characteristics of a Crypto Scam You Must Understand, So You Don't Lose!

How to shop at PancakeSwap

After successfully connecting the digital wallet, you can immediately start trading. If you are still confused, follow the steps below! 

1. On the main page, click trade and select the edit menu. On this page, you will find two types of logos for businesses.
2. In the form section, click on the BNB button and select a symbol for trading. In this section, click on the SafeMoon button and select the desired icon.
3. Determine the number of tokens to be traded. Click Checkout to complete the transaction.

Also read: Easy! Here's How to Calculate Crypto Profits

How to buy coins on PancakeSwap is like exchanging coins for CAKE coins. You can also specify how much money you want.