How to use PancakeSwap with MetaMask? Trading and Staking

You can use PancakeSwap with MetaMask and trade BEP20 tokens and stake CAKE and LP tokens.

If you want to use PancakeSwap with MetaMask, you must first set up your MetaMask wallet and then connect it to Binance Smart Chain.

You can follow our MetaMask tutorial to set up your MetaMask wallet and learn how to use it.

Connecting MetaMask to Binance Smart Chain

If you already have a MetaMask wallet but have not yet connected it to Binance Smart Chain, first click on “Ethereum Mainnet” and then click on “Custom RPC” in your wallet to add the BSC network to MetaMask.

Fill in the required fields with the information below and your MetaMask wallet will connect to Binance Smart Chain.

  • Network Name: Smart Chain
  • New RPC URL: https://bsc-dataseed.binance.org/
  • String ID: 56
  • Symbol: BNB
  • Block Explorer URL: https://bscscan.com

How to connect MetaMask to PancakeSwap?

To connect your MetaMask wallet to PancakeSwap, first unlock your MetaMask wallet and then switch to the Binance Smart Chain network.

After unlocking your MetaMask wallet that is connected to Binance Smart Chain, visit PancakeSwap to connect your wallet to the platform.

Click the “connect” button in PancakeSwap and then choose “MetaMask” to connect your wallet to PancakeSwap.

After clicking “MetaMask”, you can choose the address (account) you want to connect to PancakeSwap and then click the “connect” button in the MetaMask notification.

If you use the mobile version of MetaMask, you can use the “WalletConnect” option to connect your wallet to PancakeSwap.

If you plan to use the Binance Smart Chain apps like PancakeSwap, you need BNB in ​​your MetaMask wallet to pay the transaction fees.

Also, if you want to bet CAKE on PancakeSwap, you can send CAKE from Binance or other exchanges to your MetaMask wallet.

To open a Binance account with a 20% + 25% fee discount and learn how to use Binance, check out our Binance tutorial.

How to send CAKE from Binance to MetaMask? Add CAKE to MetaMask

If you want to send Binance CAKE to your MetaMask wallet, make sure your MetaMask wallet is connected to Binance Smart Chain.

You can still send CAKE to your MetaMask address even if you have not yet added the BSC network to your MetaMask wallet.

But you will be able to see the CAKE token in your MetaMask wallet only after connecting your wallet to the BSC network, so doing it earlier is better.

To transfer CAKE from Binance to MetaMask, first copy your address into MetaMask and then go to the Binance withdrawal page.

Click on the ‘withdraw’ button in your fiat & spot wallet on Binance and then choose ‘PASTEL’ after clicking on ‘crypto’.

Enter the address you copied from your MetaMask wallet in the “recipient” field and choose the “Binance Smart Chain” network.

After entering your address and then choosing the BSC network, you can enter the amount of CAKE you want to withdraw and complete the transaction.

You also have to transfer some BNB to your address to pay the transaction fees on the BSC network.

You can follow the same steps above and choose the BSC network to transfer BNB from Binance to your MetaMask address.

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How to trade on PancakeSwap with MetaMask?

Once you have some BNB in ​​your MetaMask wallet for gas rates on the BSC network, you can go to the exchange page on PancakeSwap and start trading.

If you want to sell a particular BEP20 token on PancakeSwap, you can transfer it from exchanges or other wallets to your MetaMask address.

To buy BEP20 tokens on PancakeSwap, you can mainly use BNB, BUSD (BEP20) and CAKE. re are also BTCB and ETH pairs on the platform.

To trade on PancakeSwap, first click on the “trade” page in the trade menu.

Choose the token you want to exchange and enter the amount, and choose the token you want to receive in the “to” field.

In the example below, I am selling my USDT (Binance-Peg BUSD-T) for BNB.

After choosing the tokens and entering the amount, you need to approve the token you want to trade, which will allow the smart contract to spend your token.

Click the “approve” button and confirm the transaction in your MetaMask wallet. As you can see in the image below, it only costs $ 0.15 and you need BNB in ​​your wallet to make an ‘approval’ transaction.

Transaction fees can change by network, so don’t expect to pay exactly $ 0.15. But in general, Binance Smart Chain is much cheaper than Ethereum.

After approving the token you want to trade, you can click the “trade” button and confirm the transaction in your MetaMask wallet.

When you trade on PancakeSwap, you will pay a 0.25% trading fee. In this example, I will pay an exchange fee of 0.0928 USDT (37.1249 / 100 * 0.25).

Before trading, you can also change your slip tolerance and transaction deadline by clicking on the settings icon.

After clicking the trade button, check the fees again and then click the trade confirmation button.

You can see the transaction in BscScan and under the activity tab in your MetaMask wallet.

How to bet CAKE with MetaMask?

To bet CAKE with MetaMask, you need two things: a MetaMask wallet connected to Binance Smart Chain and CAKE and BNB in ​​your wallet.

First connect your MetaMask wallet to the BSC network and send CAKE and BNB to your wallet if you have not already done so.

After that, visit PancakeSwap and connect your wallet to the platform. To bet CAKE on CAKE or other chips, click on “pools” in the menu.

You can bet your PASTEL to win more PASTEL or various other chips. automatic CAKE group has an automatic compounding function, but also a 2% yield fee (of each yield crop).

If you plan to stake your PASTEL for a short period or compose regularly, you can use the manual PASTEL group instead.

difference between APY and APR is that APY includes compounding while APR does not. This is why you see a higher rate of return in the Automatic CAKE pool.

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If you bet your PASTEL on the manual CAKE group and compose it regularly, the APY should be similar, which you can also verify by clicking the calculator icon next to the manual CAKE group APR.

To stake your PASTEL, you must first click the ‘enable’ button to allow the associated smart contract to use your token.

It will cost you a very small amount of BNB as a transaction fee, similar to approving a token before making a trade on PancakeSwap.

After making an “enable” transaction, you can now bet your PASTEL on the pool, as you can see in the image below.

Click on the “bet” button and enter the amount of PASTEL you want to bet on the pool. re is no minimum amount, you can bet as little as $ 9 USD on CAKE.

After entering the amount, click the confirm button and confirm the transaction through the MetaMask notification.

You can now see the amount of PASTEL you have wagered on the group and the amount of PASTEL you have won in real time.

If you bet a small amount of CAKE like I did, it may take a while to see the CAKE rewards in the pool.

You can click the “collect” button to compose or reap your accumulated PASTEL reward. If you want to keep earning more PASTEL, you must increase your reward.

How often you need to increase your PASTEL reward depends on the amount wagered and the PASTEL reward. Since you will pay transaction fees each time you compound, you should not accumulate very small amounts.

To remove the stake from your CAKE or add more CAKE to the group, you can use the minus and plus buttons.

How to add liquidity to PancakeSwap with MetaMask?

You can add liquidity to PancakeSwap with MetaMask and earn exchange fees. After adding liquidity to PancakeSwap, you can also stake your LP tokens to earn CAKE.

To add liquidity to PancakeSwap with MetaMask, you need three things:

  • A MetaMask wallet connected to Binance Smart Chain.
  • BNB in ​​your wallet to pay for transaction fees.
  • An equal value of two chips of a pair on PancakeSwap, such as $ 10 CAKE and $ 10 BNB in ​​your wallet.

If you’re ready, visit PancakeSwap, connect your MetaMask wallet to the platform, and click on “liquidity” in the trade menu.

On the liquidity page, click the “add liquidity” button to add liquidity to PancakeSwap.

First choose the pair and then enter the amount of one of the tokens, you will see the amount required for the other token as calculated by the protocol according to the price.

To provide liquidity to the protocol, you must first click on the button «approve token X» and confirm the transaction in your wallet.

After approving the token, you can click the unlocked ‘supply’ button to add liquidity to the pair.

Click the “confirm delivery” button and confirm the transaction in your MetaMask wallet. As the transaction fees in the BSC network are already very low, there is no need to adjust the price of gas.

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If you wish to remove the liquidity from PancakeSwap, you can do so on the same “liquidity” page by clicking the “remove” button.

If you have staked your LP tokens to earn CAKE, you must first remove them to see and remove your liquidity.

How to bet LP tokens on PancakeSwap with MetaMask?

After adding liquidity to PancakeSwap, you can stake your LP tokens on farms to earn CAKE.

To stake your LP chips, first go to the “farms” page found in the PancakeSwap menu.

Find the pair you have added liquidity to and click the ‘enable’ button to allow the smart contract to spend your LP token.

After clicking the enable button, confirm the transaction in your MetaMask wallet. You will only pay a transaction fee for this approval transaction like others.

Now you can bet your LP token and start earning PASTEL. Click on the “bet LP” button to bet your LP chip.

Click on the ‘maximum’ button to bet the entire amount and click on the ‘confirm’ button. You can then confirm the transaction in your wallet.

After wagering your LP tokens, you can view your CAKE reward in real time and use the ‘collect’ button to withdraw the accumulated CAKE reward to your wallet.

To withdraw LP chips or bet more LP chips, you can simply use the minus and plus buttons.

If you want to remove your liquidity from PancakeSwap, you must first remove the LP tokens using the minus button on this “farms” page.

If you want to trade and add liquidity to PancakeSwap, you also need to know about fees, CAKE token distribution, and non-permanent loss.

Security is also another important thing when using dapps. If you have a Ledger hardware wallet, you can connect it to MetaMask and use dapps in a more secure way.

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