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5 Best Coins to Buy on Pancakeswap

With Bitcoin BSC Landing on PancakeSwap, the crypto crowd is looking for other cryptos to buy on the platform. In this guide, we list the top 5 coins to buy on PancakeSwap in 2022.

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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 5 coins on Pancakeswap that you can consider for high-percentage gains.

The Top 5 Coins to Buy on Pancakeswap in March 2024

We have gone through many hours of research to create a list of the best cryptocurrencies. These seven crypto projects have immense potential because of their utility and have been on the radar of both novice and veteran investors since the beginning.

  1. Bitcoin BSC: Overall Best Coin to Buy on Pancakeswap
  2. CAKE: The Native Crypto of Pancakeswap
  3. STEPN: A Move2earn Crypto Bringing Fitness to Blockchain
  4. BNB: The Crypto used for Trading on PancakeSwap
  5. Polkadot: The Ethereum Killer on Pancakeswap

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 5 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 DEX’s 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. Bitcoin BSC: Overall Best Coin to Buy on Pancakeswap

Bitcoin BSC is the BNB Smart chain version of Bitcoin and is the best coin to buy on Pancakeswap today. Focused on bringing the good old days of Bitcoin, when it was worth $1 and capable of achieving parabolic gains, everything about Bitcoin BSC has been a homage to what Bitcoin accomplished in its earlier days. In its recently concluded presale, BTCBSC gave away 6.125 million tokens at $1 each, similar to how the original BTC was offered in 2011. The goal of this project is to give crypto investors of today the same chance as early movers of Bitcoin and hopefully yield the same results.

Bitcoin BSC Best Token on Pancakeswap

But the tokenomics isn’t the extent to which Bitcoin BSC is following Bitcoin’s footsteps. The remainder of its total supply of 21 million is dedicated to a staking pool, from which APY rewards will be released to BTCBSC stakers over the next 120 years. There will be a block released every 10 minutes, with each blockchain containing 0.25 BTCBSC, simulating the original Bitcoin’s mining reward mechanic.

By mirroring the mining reward mechanism through staking, Bitcoin BSC is hitting two pain points that crypto investors have. One, the cost of mining, and two, the environmental concerns. BNB Smart Chain is one of the greenest blockchains in the crypto ecosystem, which makes BTCBSC a sustainable crypto. Also, since staking is involved, investors won’t have to worry about a high barrier of entry when it comes to earning yields. There also won’t be any need for any heavy machinery, making Bitcoin BSC a good buy for most investors.

These unique attributes have caused many crypto experts to back this BEP-20 version of Bitcoin, with many of them saying that this token can potentially explode in the next bull run. That is why those who missed out on this project’s presale can now go to Pancakeswap to buy BTCBSC.

Visit Bitcoin BSC

2. 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.

Pancakeswap buy

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 a lottery crypto. That is, you can use it to enter lotteries on PancakeSwap.

Buy CAKE

3. 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.

Stepn app NFTs

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 was one of the most valued tokens on the Binance smart chain, with the highest market capitalization.

Buy STEPN

4. BNB: The Crypto used for Trading on PancakeSwap

From Bitcoin BSC to CAKE, 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.

BNB Chain

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.

Buy BNB

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5. 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

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.

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.

PancakeSwap

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 Bitcoin BSC

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

2024 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 Bitcoin BSC. This BNB smart chain equivalent of Bitcoin met its presale target ahead of schedule.

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 Bitcoin BSC (BTCBSC) 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

Metamask Wallet

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.

Buy IBAT on PancakeSwap

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 BTCBSC in the dialogue box. When it appears, click on “Import”. But if the project doesn’t directly appear on the list, use the wallet address of the token.

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 Bitcoin BSC. This BEP-20 variant of Bitcoin is attracting many who hope that it can follow the same path as the original Bitcoin. Those who missed the chance to get in during the presale will find buying it from PancakeSwap today a good time.

Frequently Asked Questions

What coins can I buy on PancakeSwap?

There is a wide variety of tokens available on the PancakeSwap, including the ones we have listed, such as the Binance Coin, CAKE, Bitcoin BSC, and more.

How to buy new coin on PancakeSwap?

The process to buy newly listed coins on PancakeSwap is easy. Just go to the official website, and connect your wallet. Make sure it is customized for Binance Smart Chain cryptos. And then search for the token you want to buy. Click on the 'Pay' button after you have decided the number of cryptos you want to buy.

How reliable is PancakeSwap?

PancakeSwap is one of the most reliable DEXes (decentralized exchange platforms), having been audited by CertiK, a cybersecurity firm.