Uniswap and PancakeSwap are two of the most popular decentralized exchanges on their respective blockchains Ethereum and Binance. They both enable users to seamlessly swap blockchain native assets against each other for low fees and minimal slippage.
This guide is designed to help you understand the fundamental differences of Uniswap vs PancakeSwap.
Table of Contents
UNI and CAKE Overview
Uniswap and PancakeSwap operate on two completely different networks, with Uniswap being deployed on Ethereum and PancakeSwap being deployed on Binance Smart Chain. This ultimately means they are not competitors and offer a completely different list of cryptocurrencies to swap.
The table below provides a high-level summary of the key differences between Uniswap and Pancakeswap.
Uniswap vs PancakeSwap: Fees
PancakeSwap has slightly lower fees than Uniswap at 0.25% per trade compared to 0.3% per trade. The important thing to note when thinking about fees is that the cost to transact is significantly higher on the Ethereum blockchain due to high gas fees. This means that it is generally cheaper to transact tokens on PancakeSwap.
Uniswap vs PancakeSwap: Security
Uniswap and PancakeSwap effectively run off the same codebase. PancakeSwap is a fork of Uniswap (v2) so they share a lot of the same security guarantees.
As the largest DEX by volume and usage, Uniswap is the safest decentralized application you can use. This by proxy makes PancakeSwap equally as safe and secure.