Are you getting an “Insufficient liquidity for this trade” error on PancakeSwap?
Many users are experiencing this problem on the exchange when they are trying to exchange tokens.
This problem also occurs on other decentralized exchanges such as Uniswap.
If you are looking to trade a token on PancakeSwap V2, chances are you will face the “Insufficient liquidity for this trade” error.
The error will occur less or not at all the old version of the exchange.
In this guide, you will learn why PancakeSwap keeps saying “Insufficient liquidity for this trade” and how to fix it.
Table of Contents:
Why does PancakeSwap keep saying “Insufficient liquidity for this trade”?
PancakeSwap keeps saying “Insufficient liquidity for this trade” because you are using the latest version of the exchange.
The latest version of the exchange (V2) typically shows “Insufficient liquidity for this trade” when trying to trade a token.
PancakeSwap migrated from V1 to V2 on April 25, 2021.
Unfortunately, migrating from V1 to V2 caused liquidity issues.
As a result, you may not be able to trade older tokens on PancakeSwap V2.
Another reason for the “Insufficient liquidity for this trade” error is because the slippage tolerance is too low.
When your slippage tolerance is too low, your order will not be executed because the price difference is too high.
How to Fix “Insufficient Liquidity for This Trade” on PancakeSwap
To fix “Insufficient liquidity for this trade” on PancakeSwap, you need to use the V1 (old) exchange instead of V2.
Alternatively, you can try increasing your slip tolerance to 12% or higher.
In most cases, you get the error “Insufficient liquidity for this trade” on PancakeSwap because the token you are trying to trade does not support the V2 exchange.
If you are trading tokens that have updated their liquidity pool, the error will not occur.
PancakeSwap V2 is a newer version of the exchange.
Since PancakeSwap has migrated from V1 to V2, you may get an error when you are trying to exchange new tokens since V1 does not support them.
Here’s how you can fix “Insufficient liquidity for this trade” on PancakeSwap:
Method #1: Use the V1 Exchange (Old)
The first method to correct “Insufficient liquidity for this trade” on PancakeSwap is to use the V1 (old) exchange.
First, open PancakeSwap and connect your wallet if you haven’t already.
At the bottom of the exchange, you’ll see a couple of versions including “V2” and “V1 (old)”.
“V2” is the latest version of PancakeSwap, while “V1” is the older version.
Tap “V1 (old)” to change the version of PancakeSwap to the older one.
After tapping on “V1” old, a pop-up message will open.
The pop-up message indicates that PancakeSwap V1 is no longer supported.
It also recommends that you go to V2 Exchange instead for better prices.
At the bottom of the popup message, you will see a checkbox.
To proceed with using PancakeSwap V1, you must understand that V1 is no longer supported and a significant slippage may occur.
Tap the checkbox to agree with the term.
Finally, tap on “Continue on V1 anyway”.
After tapping “Continue with V1 anyway”, PancakeSwap V1 will open.
This time, you should be able to trade your tokens without getting an “Insufficient liquidity for this trade” error.
Method #2: Increase Slip Tolerance
If you still get the error message after changing the version of PancakeSwap to V1 (old), you can try to increase the slippage tolerance.
Sometimes, you won’t be able to trade your tokens because your slippage tolerance is too high.
This is because your order will not be executed if the price difference is greater than your slippage tolerance.
To fix this, open PancakeSwap and tap the Settings icon.
After tapping on the Settings icon, a settings popup will open.
In the settings pop-up, you’ll see three percentages you can choose from, including “0.1%”, “0.5%,” and “1%.”
For new tokens, these slippage tolerances are too low.
To resolve this issue, enter “12%” in the percentage field.
After entering “12%” in the percentage field, you will see an error message stating that the transaction may be frontrun.
Close the pop-up message and try to trade the tokens again.
This time, you should be able to trade your tokens without errors.
Workarounds
If you still can’t fix the “Insufficient liquidity for this trade” error on PancakeSwap even after using the two methods above, there are a couple more methods you can try.
First, try switching networks.
For example, if you’re connected to Wi-Fi, try disconnecting from it and use your mobile network instead.
On the other hand, if you’re using your mobile network, try connecting to Wi-Fi instead.
This can help solve the liquidity problem.
Also, if you’re using a VPN, try disconnecting from it.
The final method you can try is to wait.
Sometimes, the error message is temporary and will eventually resolve itself after some time.
If you still have problems, the error is not coming from your side or that of PancakeSwap, but from the tokens you are trying to trade.
In that case, you can try to contact the PancakeSwap Telegram group for answers (https://t.me/joinchat/T3eNhe_Cvi7rGW-_) or the developers of the token.
