The 5 Best Crypto to Buy on PancakeSwap App

PancakeSwap is widely regarded as one of the best exchanges for new coin launches, in accordance with their policy. Not many other exchanges are ready or willing to include new cryptos on their listings, at least until they have put on some mileage and gather some name recognition. On the other hand, you can always find new crypto to buy on the PancakeSwap app.

PancakeSwap got its name from one of its best features – a swap function. Choose any of the cryptos available on PancakeSwap and you can swap them using a simple interface with minimal transaction fees. You can also set your preferred slippage tolerance and complete trades almost instantly. This is by far the most popular feature on PancakeSwap and the main reason why so many traders use it for their daily trades. In the last 24 hours, PancakeSwap had a trading volume of $235.7 million.

One downside of having so many cryptocurrencies for trade is that it makes it hard for new investors to find the best ones. That is why we have created this handy guide to help you find the best crypto to buy on the PancakeSwap app.

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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

The Best Crypto to Buy on Pancakeswap App – Overview

Below you will find our suggestions for the best crypto to buy on PancakeSwap, together with our reasons for endorsing them. We also provided you with a detailed step-by-step guide on how to buy the best crypto on the PancakeSwap app, to help you through the process. Read our article on most recommended coins on pancakeswap reddit for more information.

  1. Lucky Block (LBLOCK) – Overall Best New Cryptocurrency to Buy 2022
  2. Cake (CAKE) – Native Token of the PancakeSwap Exchange
  3. Shibu Ina (SHIB) – The Best Meme Coin
  4. Aave (AAVE) – Best New Crypto for DeFi
  5. BUSD – Best Stablecoin for Fluctuating Markets

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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

Lucky Block (LBLOCK) – Overall Best New Cryptocurrency to Buy 2022

Lucky Block is one of the most promising new projects in the world of crypto today. It is an emerging ecosystem designed to provide a fair, accessible, and affordable solution for hosting global lottery games. By employing smart contracts, Lucky Block ensures that games hosted on its platform will be transparent, legitimate, and trustworthy while providing a safe system for players to participate.

Lucky Block has an ambitious goal, to cut the middleman out of the process. With no central body regulating the lotteries, the system dramatically reduces chances for interference and fixing.

Listed on PancakeSwap in January 2022, Lucky Coin was originally selling for $0.00021 on the day of the launch. Less than a week later, it was worth $0.003, an ROI of over 1,000%. The biggest supporters of Lucky Block congregate in the Lucky Block Telegram group, with more than 25,000 members.

Despite the promising start, Lucky Block’s value is still fairly low, with a market capitalization of just above $100 million. This makes it ideal for investors looking for a project on the ground floor to invest in, as the potential for growth is astounding.

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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

Cake (CAKE) – Native Token of the PancakeSwap Exchange

Every list of the best crypto to buy on PancakeSwap must include Cake, the native token of the PancakeSwap ecosystem. Cake performs several important roles as a utility token in the PancakeSwap system. Outside of it, it doesn’t yet have a significant role, but its value continues to grow. In the last 12 months, it has increased in value by some 160%.

Cake’s main purpose is to provide liquidity pools for tokens on the PancakeSwap exchange and makes seamless swaps possible. Without it, swapping between thousands of tokens would be much harder and require more computing power, eventually raising the cost and fees of each transaction. As such, it is invaluable for the functioning of PancakeSwap and its value closely follows the increase in the exchange’s performance and market position.

Cake’s current value of $8.13 is well below its all-time high of more than $44 from April 2021. That means the token had plenty of space to grow and this may be an ideal time to invest in it and catch it on its all-time low value.

>>> Find Best Cryptos on PancakeSwap Now<<<

Cryptocurrency markets are highly volatile and your investments are at risk. 

Shibu Ina (SHIB) – The Best Meme Coin

Shiba Inu is an answer to the question “Can we have a fully decentralized altcoin without an official governing body?” So far, the answer is a resounding yes. Run completely by the community 500,000 members strong, SHIB has exploded in October 2021, increasing its value by over 1000% after receiving an endorsement from Elon Musk, a self-titled Dogecoin daddy. Considering that Shiba Inu is often called Dogecoin Killer, it makes sense that Elon decided to jump the Dogecoin ship for the next opportunity that came up.

Since its heyday in 2021, Shiba Inu has lost much of its value, but many experts agree that it is on the road to gaining it all back in 2022. The growth potential is immense and it is only a matter of time before Shiba Inu claims its place as the best meme coin you can buy on the PancakeSwap app in 2022.

>>> Find Best Cryptos on PancakeSwap Now<<<

Cryptocurrency markets are highly volatile and your investments are at risk. 

Aave (AAVE) – Best New Crypto for DeFi

Described as an open-source and non-custodial liquidity protocol for earning interest on deposits and borrowing assets, Aave is a coin fully designed for existence within DeFi (decentralized finance) space. With a market cap of $2.3 billion and a daily trading volume of more than $147.5 million, it is one of the fastest-growing assets on the crypto market. The entire Aave project is designed to allow people to borrow any financial asset on crypto exchanges without oversight from banks or governments. There are no brokers or middlemen of any kind involved in the process.

This approach opens up so many interesting possibilities, based on one common trait. Users don’t have to trust any centralized institution, which can be swayed by political (and often criminal) influences. Instead, they just have to trust that Aave code will execute its function properly. That alone has the potential to disrupt the current financial market and propels DeFi as the dominant system in the future.

>>> Find Best Cryptos on PancakeSwap Now<<<

Cryptocurrency markets are highly volatile and your investments are at risk. 

BUSD – Best Stablecoin for Fluctuating Markets

In times of uncertainty, like the one we are living in now, with high inflation, disrupted supply chains, and the world steel reeling from the Covid-19 pandemic, investors are desperate for stable investments. One of the best options for that on PancakeSwap is BUSD. Jointly developed by Paxos and Binance, BUSD follows strict guidelines laid down by NYDFS. Among other standards, it means that BUSD is backed up by a 1:1 dollar reserve at any time. To prove that, Paxos submits an audited report each month, detailing its USD reserves, which must be equal to all BUSD in circulation. This makes BUSD a very tempting investment option during the bear market. Also, it provides traders with a handy reference point for all their trades and investments.  

>>> Find Best Cryptos on PancakeSwap Now<<<

Cryptocurrency markets are highly volatile and your investments are at risk. 

How to Buy Cryptocurrency on PancakeSwap

Once you have decided on which asset to invest in, we need to examine how to buy crypto on the PancakeSwap app. There are several steps involved in the process since trading on PancakeSwap is a tad more complicated compared to centralized exchanges. Still, the steps are fairly straightforward and don’t require any advanced IT skills. If you have an average knowledge of working on a computer, you should have no issues following this guide. To make things easier to follow, we will use Lucky Block, our preferred choice as an example.

>>>Find Lucky Block<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

Step 1: Download Trust Wallet

Trust Wallet is one of many crypto wallets available on the Internet. We recommend using it, as it is fairly simple and free, so it is a good choice for beginners. Trust Wallet is available for both iOS and Android phones.

Step 2: Transfer BNB

Most tokens on PancakeSwap work under Binance Smart Chain, so you will need to transfer your BNB to the wallet. This is a necessary step for all further operations.

Step 3: Connect to PancakeSwap

Find a button “DApps” at the bottom of your Trust Wallet screen and click on it. On the drop-down menu locate PancakeSwap and select it. When asked to authorize the connection between Trust Wallet and PancakeSwap, answer yes. This will allow the apps to link with each other. You will also need to paste the Lucky Block contract address into the relevant box so you can open the next step.

Step 4: Buy Lucky Block

Decide how many Lucky Block tokens you want to buy and input the appropriate amount of BNB tokens into the relevant field. Click the “Swap” button and the trade will be executed.

Step 5: Add Lucky Block to Trust Wallet

Now all you have to do is transfer your newly-acquired Lucky Block tokens to your wallet. Go back to Trust Walled, select “Add Custom Token”, and paste the Lucky Block contract address. Your account should be now credited with the Lucky Block tokens you have just purchased.

>>>Find Lucky Block<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

Conclusion

Even though the project is still fairly new, we discovered that Lucky Block represents one of the best investment options on the PancakeSwap app. Hopefully, you have found our guide on how to buy crypto on the PancakeSwap app easy to follow and you are now a proud owner of some Lucky Block tokens.

LA Weekly