# PancakeSwap

> Source: https://fuckyc.org/services/pancakeswap/
> Website: https://pancakeswap.finance/
> Categories: DEX & atomic swaps
> KYC: none — Permissionless AMM on BNB Chain and several EVM chains; no accounts.
> Status: active
> Jurisdiction: protocol — decentralized
> Fiat on-ramp: no
> Payment methods: crypto
> Founded: 2020
> Open source: yes
> Custodial: no
> Last verified: 2026-01-01

## Verdict

PancakeSwap is the canonical AMM for BNB Chain. Same permissionless model as Uniswap, different chain emphasis.

## Strengths

- Largest AMM on BNB Chain; deep liquidity on majors and BNB-ecosystem tokens.
- Cross-chain expansion to additional EVM chains.

## Caveats

- BNB Chain ecosystem includes a long tail of low-quality tokens; verify any pool you swap into.
- On-chain transparency.
- Facts need re-verification by operator (last seeded 2026-01).

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## What PancakeSwap is

A multi-chain AMM-and-then-some product set primarily on BNB Chain.

## Threat-model fit

Swap venue.

## Sources

- [PancakeSwap docs](https://docs.pancakeswap.finance/) — accessed 2026-01-01
- [KYCnot.me — PancakeSwap entry](https://kycnot.me/service/pancakeswap) — accessed 2026-01-01