PancakeSwap: security, fees and reviews
Decentralized exchange
In short
- Legal entity
- Not named in the terms; they cover the website, which gives access to an open-source protocol.
- Fees
- Fees (V2 pools): Fixed 0.25% per swap in Exchange V2 pools (as of 31 October 2026).
- Risks and caveats
- The terms name no operating company and no licence or registration with any regulator is disclosed; the terms are governed by Hong Kong law and disputes go to arbitration at the Hong Kong International Arbitration Centre.
- Checked
- 31 October 2026
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Key facts
- Type
- Decentralized exchange
- Official site
- pancakeswap.finance
Key facts checked on 31 October 2026 against official sources.
What is PancakeSwap
PancakeSwap is a decentralized exchange: users swap tokens from their own wallet through smart contracts, without an account. It runs on several chains, including BNB Chain, Ethereum, Solana, Base, Arbitrum and Aptos.
Good to know
- PancakeSwap's terms do not name an operating company. They cover the website, which gives access to an open-source protocol, and are governed by Hong Kong law; disputes go to arbitration at the Hong Kong International Arbitration Centre. ↗
- Non-custodial: trades are made from the user's own wallet; PancakeSwap does not hold funds. ↗
- No registration; a non-custodial wallet is required. ↗
Services
| Parameter | Details |
|---|---|
| Token swaps | Token swaps from the user's own wallet through smart contracts, on several chains including BNB Chain, Ethereum, Solana, Base, Arbitrum and Aptos. |
Security and audits
- Smart contracts are open source; the docs list audit reports by PeckShield, SlowMist, BlockSec, Cyfrin, HashDit and others (2022-2026), linked from the auditors' or PancakeSwap's GitHub.
- PancakeSwap says it uses multisig and time-locks for its contracts.
Fees
| Parameter | Details |
|---|---|
| Fees (V2 pools) | Fixed 0.25% per swap in Exchange V2 pools (as of 31 October 2026). |
| Fees (V3 pools) | Four fee tiers in Exchange V3 pools: 0.01%, 0.05%, 0.25% and 1% (as of 31 October 2026). |
| Fee split (V2) | Of the 0.25% V2 fee, 0.17% goes to liquidity providers, 0.0225% to the treasury, 0.0575% to CAKE buyback and burn. |
Who can use it
- Verification: No registration; a non-custodial wallet is required.
- Users from jurisdictions under comprehensive US sanctions may not use the website.
History
| Date | Event |
|---|---|
| 28 February 2023 | Terms of service last modified. |
Risks and caveats
- The terms name no operating company and no licence or registration with any regulator is disclosed; the terms are governed by Hong Kong law and disputes go to arbitration at the Hong Kong International Arbitration Centre.
- PancakeSwap does not hold user funds: using the website requires the user's own non-custodial wallet software.
About the company
- Legal entity
- Not named in the terms; they cover the website, which gives access to an open-source protocol.
- Governing law
- Website terms are governed by Hong Kong law; disputes go to arbitration at the Hong Kong International Arbitration Centre.
Official links
- Website: pancakeswap.finance
- Documentation: docs.pancakeswap.finance/welcome-to-pancakeswap/readme
- Fees: docs.pancakeswap.finance/trade/pancakeswap-exchange/trade
- Audits: docs.pancakeswap.finance/welcome-to-pancakeswap/audits
- Terms of service: pancakeswap.finance/terms-of-service
Questions and answers
Is PancakeSwap custodial?
No. Trades run from the user's own non-custodial wallet; PancakeSwap does not hold user funds and needs no account.
What are PancakeSwap's fees?
Exchange V2 pools charge a fixed 0.25% per swap; Exchange V3 pools use fee tiers of 0.01%, 0.05%, 0.25% and 1% (as of 31 October 2026).
Who operates PancakeSwap?
Its terms do not name a company. They cover the website, which gives access to an open-source protocol, and are governed by Hong Kong law.
Sources
- PancakeSwap docs: Welcome to PancakeSwap
- PancakeSwap docs: Trade (fees)
- PancakeSwap docs: Audits
- PancakeSwap: Terms of service
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