8 Best Coins to Buy on Pancakeswap

If you’re looking for a decentralized exchange with a great reputation, Pancakeswap leads the DEX market. It is home to cryptocurrencies operating on the Binance smart chain and serves more than 2.2 million traders.

One of the go-to DEXs for new tokens, PancakeSwap, is sporting an impressive list of new coins. In this guide, we are going to cover the top 8 coins on Pancakeswap that you can consider for high-percentage gains.

These cryptocurrencies have taken center stage this year because of their inclusivity and the ability to increase blockchain adoption. This guide reviews each coin and explains why the crypto crowd is bullish about these coins.

A Complete Review of the Top 8 Coins on PancakeSwap

Getting listed on a DEX as big as PancakeSwap is not a difficult process. There are no formal applications required. It speaks volumes about the DEXs inclusivity as any developer can list their crypto on PancakeSwap in a hassle-free manner.

But being so inclusive has not always worked in favor of this DEX. There have been instances in the past where the listed tokens turned out to be nothing more than rug-pull scams by their developers. That is why we have researched the tokens we are listing here thoroughly so that, as an investor, you get to make maximum gains on this decentralized exchange.

1. Battle Infinity: A Metaverse Coin That Has Recently Become one of the Best Presale Cryptos Of 2022

The first crypto on this list is the one that we have covered extensively in the past. It is Battle Infinity (IBAT).

This metaverse crypto has been the biggest presale success story of this year – meeting its presale target 66 days ahead of time – making it one of the best IDO cryptos of this year.

So, what makes Battle Infinity one of the best coins to buy on Pancakeswap?

The sheer utility behind this crypto asset has made many experts sing praises about Battle Infinity. Those praises and the strong foundation of the project allowed it to raise $5 million in its presale stage – making it one of the fastest tokens to grow this year.

Battle Infinity is a crypto gaming platform – its flagship product at launch is IBAT Premiere league. It is a fantasy sports title with its roots in the blockchain ecosystem. It will cover a wide array of sports, including soccer and cricket. Players would buy an NFT pass to create the teams and earn based on their predictions of the match.

For instance, if you have bought an NFT pass for a soccer game and were correctly able to predict the number of goals your selected player or team scored, you will accumulate points. The more points you gain, the closer you get high-tiered awards.

That said, the main purpose of Battle Infinity is to revolutionize traditional gaming. That is, bringing games with high graphical fidelity into the blockchain space to increase adoption. Therefore, multiple games will come on the platform, and all of them would be “fun” to play – an aspect lost in many blockchain games.

Along with games, Battle Infinity will also have a fully-fledged DeFi system complete with Battle Swap. It is a decentralized exchange that lets players buy IBAT tokens without needing an intermediary. With Battle Staking, users will also have access to a staking feature that will reward them for locking their tokens.

During the time of the presale, the cost of one IBAT token was just $0.0015. And now that IBAT is on PancakeSwap, the price can grow – already on day one it rose by 700% compared to its presale price. It is not uncommon for cryptocurrencies to experience pumps after landing on DEX or CEX, especially if the market sentiments around the asset are bullish.

And that’s the case with Battle Infinity. The official telegram group has almost 20k members who are always getting updates about the developments of the platform. The gaming platforms Twitter following isn’t lacking either, lying at more than 22k at the time of writing.

If you want to know more about this project, visit the official website and check out its whitepaper.

Visit Battle Infinity

2. Lucky Block: An NFT Competitions platform that’s currently undervalued but is slowly gaining steam

Few cryptos have made waves as much as Lucky Block this year. It is one of the best coins to buy on Pancakeswap because of one main reason: being the token powering the world’s best NFT competitions platform. It has been one of the biggest success stories in 2022 and, like Battle Infinity, also went through a presale.

In many instances, one might say that Lucky Block (LBLOCK) set the precedence for other cryptos that succeeded during the presale. LBLOCK was able to meet its presale target of $5 million 11 days ahead of time. And when it was finally listed on PancakeSwap, the gains that early movers made were enormous.

Simply put, within a few weeks of being listed on PancakeSwap, the token’s value took a route of parabolic growth, and the LBLOCK price rose by 6,000% – reaching $0.009. And like all the other altcoins, it also experienced a major retrace after. However, we can blame that on the general crypto market that grew weary about cryptocurrencies in general.

That said, at the time of writing, LBLOCK is trading sideways at the $0.0007 range. While this price is slightly higher than its bear bottom of 2022, it is a good buying opportunity for those who want to buy LBLOCK at a discount. Another reason to be bullish about this cryptocurrency is that it is slowly making headways in its roadmap. While it is too soon to say how much this crypto can grow, patience is advisable.

Lucky Block is the world’s leading NFT competition platform that gained a lot of popularity in the past months when it organized the $1 million jackpot. It is known for its transparency in picking the winners and is one of the fairest competition platforms in the world. Its rewards include VIP tickets, holidays, supercars, and $ 1 million worth in Bitcoin.

There are two ways to take part in the NFT competition. One is through buying the pass using LBlock. The other way is by owning the Platinum High Rollers Club NFT. This NFT lets the holders get lifetime access to all competitions on the platform. The winners are chosen at random. However, instead of giving 100% of the winnings to the winner, the platform distributes a small portion among participants – staying true to its motto of “Everyone’s a Winner.”

In September 2022 the Lucky Block team announced a monthly 1% token burn would be implemented to support the price. The V2 token was also listed Gate.io, its largest CEX listing to date.

Buy Lucky Block

3. DeFi Coin: A Token Powering a Global Decentralized Exchange That’s Currently Being Developed

Decentralized exchanges have not always been counted among the most user-friendly platforms to swap crypto without an intermediary. However, DeFi-Swap is trying to go against the grain and make the DeFi portal more user-friendly to increase DEX adoption. The DeFi Coin is the native crypto of this cryptocurrency platform. While the platform is currently still in the beta-testing mode, people have liked whatever has been revealed about the project till now.

And the most important part that’s liked about this cryptocurrency is that it operates on the Binance Smart Chain. But what does that mean? It means that through DeFi swap, a user would be able to swap their BNB tokens for other cryptos without the need to provide personal information.

But the development of the project isn’t stopping there. The project developers also say that cross-chain compatibility will also arrive next, making it open to other types of cryptocurrencies to be listed on the platform – widening the options that users have on the DEX.

DeFi is slowly becoming one of the best decentralized exchanges and another platform that’s pushing crypto trade without the need for an intermediary. In DeFi Swap’s case, the transactions are made via the liquidity pools. It is open to everyone. That is, anyone can add funds to the liquidity pool and earn an Annual Percentage Yield. Simply put, users can lock their crypto assets in the collections and earn high returns.

Passive income generation is one of the many reasons that the crypto crowd is bullish about the DeFi Coin. Through staking, users can stake their cryptocurrencies, like DeFi Coin, and earn up to 75% APY. A 75% Annual Percentage Return is uncommon for any staking platform – making this cryptocurrency one of the best DeFi cryptos to buy.

But the perks of the DeFi coin aren’t stopping there. DeFi Swap is moving ahead to becoming more than just a DeFi platform. According to the official whitepaper, there is also a decentralized NFT marketplace in the cards. Other developments include an education hub that will teach novices in the ways of DeFi.

At the time of writing, the DeFi Coin is trading sideways in the $0.13 range, making it a buying opportunity for those who want to get in early. We say this because the price might experience a major pump once the DeFi Swap launches.

Read More about staking cryptos.

Buy DEFC

4. CAKE: The Native Crypto of Pancakeswap for Governance

CAKE is the governance token of the Pancakeswap, powering its many aspects. And considering that PancakeSwap is a whale among DEXs, we can admittedly say that CAKE is a good crypto investment for those who want a more direct say in the workings of Pancakeswap.

Being a governance token, CAKE bestows voting powers on the holders. That is, holders can vote on proposals on the platforms. These proposals include the listing of new cryptocurrencies on the platform or the introduction of a new service.

Besides being used as a governance token, CAKE is one of the best staking cryptos on PancakeSwap – returning as high as 79% APY to the holders. The condition is that the holders must lock their tokens for at least 38 weeks. Also, the process of unstaking the token is simple.

In addition to being used as a staking and governance token on PancakeSwap, CAKE is also lottery crypto. That is, you can use it to enter lotteries on PancakeSwap.

That said, like other altcoins, CAKE also suffered the brunt of the crypto bear market – going as low as $3 during the bear bottom of 2022, a massive retrace from its all-time high price of $42. That said, at the time of writing, CAKE is trading at $4.18, a 50% increase from its bottom price of 2022.

5. STEPN: A Move2earn Crypto Bringing Fitness to Blockchain

STEPN is one of the more innovative projects on our list. It is a native crypto of the STEPN ecosystem, a lifestyle app that rewards the user for moving. Being one of the newer generations of FitFi cryptos, STEPN has earned renown using its Move2Earn game.

To play the game, the user must buy the NFT sneaker. Each sneaker has its own design, tier, and price. The more expensive the sneaker, the more miles it can rack and the higher the rewards it can generate. The sneaker can be bought using the GMT token, native to STEPN.

All the player has to do is buy the NFT and start walking. There is an onboard GPS system that won’t let the players finesse the mechanics to draw out rewards without doing anything. It is one of the most valued tokens on the Binance smart chain with the highest market capitalization.

At the time of writing, STEPN is trading at $1.11 – presenting a good opportunity for investors looking to buy it at a discount.

6. PirateXPirate: Metaverse Play2Earn Cryptocurrency with a Pirate Theme

If you like pirate-themed games, then PirateXPirate is right up your alley. Launched recently in 2022, PirateXPirate is one of the newest cryptos to be listed on PancakeSwap.

PirateXPirate has players building a fleet of pirate ships and going on adventures on the sea. Looting, slaying, and capturing will yield ample rewards.

It is a PVE game. That is, instead of you going head-to-head against other players, you will go against the game’s environment. In simple terms, it is akin to a single-player game. The game will allow you to take your crew and battle computer-generated ships and other adversities. And like it is said in the official white paper of this game, fairness is abundant, and the outcomes of this game are transparent.

Getting into and winning battles will reward players with real-world tokens. It is a novel concept that players will be rewarded as PXP – the native crypto of Pirate X Pirate. If you’re looking to enter blockchain gaming as a multiplayer, don’t worry, the PVP is about to launch this month. This model will have you battle against other players to earn the bounties of the seas.

But the rewards of this platform aren’t limited to earning PXPs. NFTs are also on the platform. Each one is created uniquely and will enhance your game in numerous ways. There is also an in-game marketplace for those looking to flip their NFTs to earn money.

Pirate X Pirate is a great token for those looking for a metaverse gaming project. And since pirates became all the rage after the arrival of Assassin’s Creed 4, there is a chance that this token will fly high once the entire game is out.

However, the price of the token is at its lowest at the time of writing. It is only marginally above its all-time low of $0.00119. But that doesn’t mean that there is no potential. In fact, many investors might see this price as a buying opportunity because the game is backed by the biggest board game publisher in Thailand.

7. BNB: The Crypto used for Trading on PancakeSwap

From Lucky Block to Battle Infinity to DeFi coin, all the tokens we have listed here are built on top of the Binance Smart Chain. That is why trades happen on the PancakeSwap using BNB. It is the core reason we believe the BNB is also one of the best coins to buy on PancakeSwap.

But that’s not the only reason we recommend BNB as one of the best cryptos on the trading platform. The Binance Coin has performed admirably in the past. After trading at the $0.11 low for almost four years, from 2017 to 2021, this cryptocurrency experienced parabolic growth – rising above $600 in 2021. And the best part is, this gain wasn’t retraced completely.

In fact, the lowest price BNB has reached after reaching its all-time high is around $200 – making it one of the most successful cryptocurrencies to emerge in the past few years. At the time of writing, BNB is trading at $232 – 50% lower than its all-time high. That said, the fundamentals of the coin are great, and the Binance team is constantly bringing new developments to the project.

Considering those factors and the fact that it is a deflationary token, the price can see a massive upswing by the end of this year.

Buy BNB

Your capital is at risk

8. Polkadot: The Ethereum Killer on Pancakeswap

Polkadot is the most inclusive form of Ethereum. It was designed to deal with the weaknesses of the world’s first Proof of Stake blockchain and has higher transaction speeds and lower transaction fees than its counterpart.

Polkadot essentially introduced a two-tiered system consisting of relay chains and parachains. The relay chain is the main chain – and is the place where most activities happen. And other is parachains, user-generated chains that feed of relay chain. These are customizable “side- chains” that have truly given users their own tools to integrate with the blockchain ecosystem.

Polkadot is one of the most popular cryptos on the list, having already made major waves in the blockchain ecosystem. DOT reached its all-time high in 2021 before retracing by almost 86%. At the time of writing, the price of this token is $8.9.

Buy Polkadot

Your capital is at risk

Should You Buy Coins on PancakeSwap?

Decentralized exchanges can appear intimidating to those who haven’t traded on cryptocurrency exchanges before. There is a minimum amount of hand-holding. On the plus side, everything on PancakeSwap is self-explanatory. That said, it is important to weigh the pros and cons before buying coins on PancakeSwap.

Users Don’t Have to Reveal Their Identities

One of the biggest requirements of centralized exchanges is that users must reveal their identity through KYC information. It is partly because these exchanges are under the control of centralized bodies that must adhere to certain regulations.

Those restrictions aren’t on decentralized exchanges, though. It is because the governance of a DEX is autonomous. Everything on the platform happens according to the smart contract. Users don’t have to create an account before buying crypto on PancakeSwap.

All users need to do is connect their BSC-compatible wallet and start the process. For users who are not fans of giving out their personal information on CEX, PancakeSwap is a good choice.

Visit Battle Infinity

A Large Number of Crypto Projects

Most upcoming crypto projects don’t automatically end up on centralized exchanges. They first foray into a DEX such as PancakeSwap. In fact, many renowned cryptocurrencies aren’t on a centralized exchange. They are DEXs such as PancakeSwap and Uniswap, giving users a wide array of crypto projects to choose from.

Furthermore, Pancakeswap is built on top of the Binance Smart Chain, offering higher transaction speeds and lower transaction fees to the users, another plus for those looking to save money while trading crypto.

Most Tokens End Up on Pancakeswap After Presale

2022 has been a good year for the presale project. Tokens are offered via presale before landing on official exchanges. It allows interested parties to move in early. The same happened with Battle Infinity. This native crypto was able to cross its presale requirement within 25 days.

But what about those who have missed out on the presale? In those cases, DEXs like PancakeSwap provide a way.

Not as User Friendly as Centralized Exchanges

Even if PancakeSwap lists the best tokens in the cryptocurrency market, there is a major issue – the platform is not that user-friendly. The only mode of transaction is a BNB coin. Having no fiat methods alienates beginners who want to get in on a newly listed project.

That said, there is a legal reason behind DEX not being able to accept fiat currencies. In the case of PancakeSwap, there is no permission present. Thus, investors must first connect a wallet that already has BNB and then use it to buy crypto on PancakeSwap.

How to Buy Cryptocurrencies on PancakeSwap

Here is a user-friendly guideline that you can follow to buy coins on PancakeSwap. We have taken Battle Infinity (IBAT) as an example of crypto so that you can easily buy any currency listed here quickly.

Step 1: Get A Crypto Wallet Compatible with The Binance Smart Chain

The first step to buy a coin on PancakeSwap is to connect a crypto wallet. Therefore, users must first get a crypto wallet compatible with the Binance Smart Chain. Metamask is a great crypto wallet in this regard. It is because it is:

1. User-friendly
2. Has the trust of 30 million crypto investors
3. Downloadable from browser extensions
4. Compatible with smartphones

Step 2: Buy BNB

The next step is to buy BNB. It is because users need BNB to transact on PancakeSwap. To buy BNB tokens, users can go to multiple centralized exchanges. These are good for beginners as they allow users to buy crypto using fiat.

Buy BNB

Your capital is at risk

Step 3: Add Binance Smart Chain Network to Metamask

For those opening Metamask for the first time, it is important to know that the wallet connects to Ethereum by default. Thus, users must first customize it to add support for the BSC network.

Go to settings and add a new network. Once on the dashboard, paste the following information.

Network Name: Smart Chain

New RPC URL: https://bsc-dataseed.binance.org/

ChainID: 56

Symbol: BNB

Block Explorer URL: https://bscscan.com

Now that the network is configured, users can add their unique BSC wallet address. Transfer the BNB to Metamask by copying the BSC wallet address.

Step 4: Connect Metamask to PancakeSwap

The next step is to connect the Metamask wallet to PancakeSwap. The process is simple. Go to the official website and click on the “Connect Wallet” button. Choose the Metamask wallet from the options available and follow the onscreen instructions.

Step 5: Search for The Coin You Want to Buy

On the official website. Go to the Swap option. In the dashboard, you will get the option to select the crypto you want to buy. Enter IBAT in the dialogue box. When it appears, click on “Import”. But if the project doesn’t directly appear on the list, use the following contract address:

0x19cd9b8e42d4ef62c3ea124110d5cfd283ceac43

Step 6: Buy the Crypto

Enter the number of coins you want to buy. The DEX will tell you the equivalent number of BNB tokens it will cost. Click on the “Pay” button to finalize your transactions.

Conclusion

We have listed the tokens that we think are the best coins to buy on Pancakeswap. But at the top of the list is Battle Infinity. It is one of the best metaverse cryptos to buy right now, with the most successful presale this year. Those who missed the chance to get in during the presale will find buying it from PancakeSwap today a good time.

Frequently Asked Questions