Price Impact Too High Pancakeswap (April) Checkout Now! >> This news article is based on a common problem faced by cryptocurrency traders on reliable platforms and its solutions.
Are you trying to trade some tokens in Pancakeswap but, it shows some error? Does it happen repeatedly, and want a way to bypass it? Read this complete article to know how to do so.
Crypto token trading is catching up Worldwide, and more people are getting attracted to it every day.
But errors like Price Impact Too High Pancakeswap make people frustrated as they can’t trade in the tokens they want at the very moment.
Table of Contents
What is Pancakeswap?
One of Ethereum’s top competitors is Binance Smart Chain (BSC), and Pancakeswap is a decentralized exchange running on the Binance Smart Chain. It is much cheaper than Ethereum yet promising. Pancakeswap allows its users to swap in between crypto assets by tapping into user-generated liquidity pools.
Pancakeswap also has many other features, and you can earn a ton of rewards too. People have been heavily shifting from Uniswap or SushiSwap to Pancakeswap. In short, it is another food-themed Defi protocol.
Price Impact Too High Pancakeswap:
Sometimes if you try to swap two tokens, the swap prices do not match the current market prices. The difference can be up to a whopping 90% or even more in some cases. Why does this happen?
The prices of the tokens get impacted by the liquidity provided by the ETH-DAI. If the pair has more liquidity between them, you may get the closest market price, or else it will say error: Price Impact Too High Pancakeswap. However, it will only show you the error if the price slippage between your trade is too significant.
So basically it is due to the Automatic Market Maker (AMM) and Liquidity Providers (LP) features. There are nevertheless a couple of ways to fix this or bypass your trade.
It is an error people get while trying to trade in cryptocurrency assets. Let us take a look at why does it happen and how we can we fix it.
How to Solve Impact Too High Error?
- Changing the App Version –Here is one simple trick that works for most people if the trade shows insufficient liquidity for this trade. All you need to do is scroll to the bottom of the page, and you will find “Version:” which is also a Price Impact Too High Pancakeswap explanation, and then click on the V1 (Old). Pass in the tokens that you want to swap again and Voila! No more errors or restrictions.
- The error can also be fixed by Arbitrage users.
With more and more people joining the cryptocurrency trading world, more tokens and platforms emerge too. Crypto trading is complicated, and new traders might face issues similar to what we mentioned above now and then.
Have you or anyone you know faced a similar issue before?
Comment below and share this article with as many people as you can to protect them from the error Price Impact Too High Pancakeswap.
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