If you keep getting error “insufficient output amount” when using Pancake Swap or Uniswap, it is likely to be due to insufficient funds for the gas fees. Let us find out – How to Fix “Insufficient Output Amount” on PancakeSwap
There is a familiar problem users face when they are trying to swap their tokens on Pancake swap- The “Insufficient Output Amount” error message. This problem usually occurs because the liquidity or your slippage tolerance is extremely low.
PancakeSwap has a low spillage tolerance of 0.8%. Hence your order has a high failure probability. Spillage occurs when investors settle for a price different from their initial requests because of price shifts between the order and trade period.
Spillage tolerance is when a user sets the minimum amount they will take irregardless of the price going up or down.
When this problem occurs, users get an error message that reads;
“The transaction cannot Succeed due to error; PancakeRouter: INSUFFICIENT_OUTPUT_AMOUNT.”
After this, the platform will also notify you that there might be a problem with one of the tokens you’re trying to Swap.
Another reason this could happen is if users trade on scam tokens that can’t get sold.
One can not Swap tokens unless the problem is solved. The good news is that the problem is fixable.
How to Fix “Insufficient output Amount” on PancakeSwap
Here are some solutions to try and help you curb this problem.
Start by refreshing your page before trying again after some time.
Try increasing your spillage tolerance.
If this fails, open PancakeSwap and select the tokens that you want to swap “from” and “to.” Next, click on the “settings” button on the liquidity site and then “spillage tolerance.”
Users have three % choices to select from; 0.1%, 0.5% and 1%. After that, higher your spillage and try again.
So every time you get an error message, increase the tolerance by one percent (best rate). Redo this until it is successful.
Afterward, you will get an error message informing you that your transaction may be front-run. Ignore and close the pop-up error message. The next swap should be free of error messages.
Additionally, PancakeSwap says you should attempt investing a smaller amount with fewer decimal places.
What is PancakeSwap?
Like Uniswap, which Ethereum runs, Pancakeswap is a decentralized exchange, but instead of Ethereum, it runs on the Binance smart chain network.
Built based on Smart contracts, PancakeSwap allows users to exchange tokens, and in the process, earn CAKE rewards.
The developers of PancakeSwap remain unknown to date. PancakeSwap is a DeFi service that allows users to carry out fast transactions with low fees without a third party getting involved.
To use PancakeSwap, you will need a wallet as this decentralized exchange platform does not accept fiat currency. Some wallets that support PancakeSwap include; Trust wallet, Binance Chain Wallet, and Metamask.
There are certain factors users should put to consideration when dealing with spillage issues. Factors such as volatility and liquidity, to mention a few.
Users can increase the spillage as high as possible, but they should be prepared to swap their tokens at high price differences.
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