How to Swap Your Crypto Assets Using PancakeSwap on Binance App

PancakeSwap is Binance mobile app’s first DeFi integration as the app evolves into offering users decentralized services.

PancakeSwap Now Available on Binance App

Binance recently unveiled plans to integrate Decentralized Finance (DeFi) services into its mobile app. The integration will provide Binance app users with access to DeFi protocols such as PancakeSwap, which they can use to swap BNB Chain tokens, provide liquidity, and perform other decentralized functions within the Binance app without any need to leave the app.

BNB Chain previewed the integration via a Twitter video on April 9. Earlier in March, Binance announced that PancakeSwap would be the pioneer decentralized finance protocol integrated into the Binance mobile app.

“Did you know that you can now use @PancakeSwap directly within the #Binance App? Here’s how you start trading,” BNB Chain tweeted in the preview. 


Binance has now implemented the PancakeSwap decentralized application (Dapp) in the latest version of its mobile app. We have tried our hands on it, and we loved the idea of having access to decentralization in a centralized environment: it’s like having the best of both worlds at the same time. 

Let’s show you how it works:

Step 1: Launch PancakeSwap

Open your Binance app. On the homepage, drag down the screen from the top to access the “Marketplace” menu. Then click on PancakeSwap.

Step 2: Accept the User Agreements

Step 3: Click on “Connect Wallet.” 

Step 4: Create/Import a Wallet for DeFi

PancakeSwap is decentralized, so your DeFi transactions will not go through Binance’s centralized wallet. Clicking on “Connect Wallet” will direct you to either create a decentralized wallet or import an existing one using a seed phrase. 

In our example, we will import a wallet. 

4A: Click “Set up now.”

4B: Tap “Import Wallet”

4C: Select “Import from Recovery Phrase.”

4D: Copy and paste your 12-word recovery phrase, and click “import.”

After successfully importing your wallet, the PancakeSwap user interface will be displayed on your screen.

4E: Get Some Gas

Like the normal PancakeSwap on a mobile wallet, you will need some BNB for gas. If your DeFi wallet has some BNB, you’re ready to start swapping. If not, you will need to transfer some BNB from your Binance account into your DeFi wallet. 

4G. To move some BNB from your Binance account to your DeFi wallet, tap the wallet symbol on the top left. 

Click on “Fund your wallet.”

Follow the prompts till you get to the withdrawal page. The system will auto-detect your DeFi wallet’s address. Enter the amount of BNB, then click on “Withdrawal.”

Follow the prompts to complete your withdrawal. Once completed, the withdrawn BNB will show up in your DeFi wallet’s BNB balance. 

Step 5: Swap

Swapping is as seamless as it can get. Select the token pair to swap using the dropdown token lists, enter the amounts, then Click “Swap.” 

In the following steps, tap on “Confirm Swap” and “Approve” to execute the swap. 

After the blockchain confirms your transaction, the app will generate a receipt, and the swapped token will reflect in your Dapp’s balance.

Closing Thoughts

It’s such a straightforward process, as you can see: same easy-to-use PancakeSwap interface, no hassles, no complications. The feature does not limit your swaps to tokens listed on the Binance exchange. Apart from the default token list, there’s a ‘custom token’ option that lets you add any BNB Chain token irrespective of whether they’re listed on the Binance exchange or not.

What is PancakeSwap:

PancakeSwap is a Decentralized Exchange (DEX) built on BSC. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others.  In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on the BSC.

Where to find PancakeSwap:

Website | Twitter | Medium | Github

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