Switching to BSC-based decentralized exchanges has become a no-brainer for me.

This is due mostly to the high cost of doing business on Ethereum, among other reasons. 

In this post, I will be sharing with you the top 5 decentralized exchanges on BSC.

The major appeals of using these platforms for your trading and yield farming is that they are:

  1. Cheaper
  2. Faster

And you’ll likely discover new coins or tokens that you otherwise might not have heard of.

So, with that in mind, let’s take a look at the top 5 DEXs on BSC.

Top 5 decentralized exchanges on BSC

  1. BurgerSwap
  2. AnySwap
  3. ZeroSwap
  4. BakerySwap

The list is in no particular order.

The first is not necessarily the best and the last is not necessarily worse off in any way.

Let’s explain each of them briefly below.

Top 5 decentralized exchanges on Binance Smart Chain

1. BurgerSwap

BurgerSwap is the Uniswap of Binance Smart Chain.

The exchange launched on September 10, 2020, and it is the first DeFi project to launch on the BSC.

Allowing you to trade all BSC-based tokens. As well as a stake BURGER to take part in community governance, or provide liquidity to earn rewards.

BurgerSwap has its own native token called BURGER which you can farm by staking and voting.

You can also farm BURGER by providing liquidity to the various pools on the exchange.

BurgerSwap smart contract code was audited by the Beosin team in September 2020. 

So we can assume that it’s safe until hacked or exploited successfully.

Interesting features of the exchange 

  • Community-governed
  • Does not have LP tokens so it’s impossible to migrate liquidity Similar to what Sushi did to Uniswap
  • Fixed token supply at 21 million max
  • Implemented token-burn to support value
  • You can import and trade any coin or token outside of Binance Chain through its cross-chain token bridge. But make sure there’s enough liquidity before you trade such pairs.

Click here to learn more about BurgerSwap or go to BurgerSwap now.

2. AnySwap

Anyswap is a decentralized cross-chain token swap protocol launched on July 20, 2020.

The exchange allows you to:

  • Swap any coin or token on any blockchain for another on the same or different chain.
  • Port any coin or token from one blockchain onto another chain via its cross-chain bridge.
  • Provide liquidity to the various pools and earn a share of the pool rewards.
  • Stake and farm the ANY and other tokens as well as take part in governance.

You can configure your wallet to the supported blockchains (Ethereum, Fusion, BSC, Fantom).

And switch between them in one click.

It seems like only a few coins are currently available on the exchange.

With more to be added via community voting and governance.

Anyswap is an interesting project that’s worth checking out.

Click here to learn more about AnySwap or go to Anyswap now.

3. ZeroSwap

Other exchanges discussed wants to woo you with cheaper transactions.

But ZeroSwap believes you don’t even need to pay a fee to trade.

ZeroSwap is a multi-chain decentralized exchange protocol that supports:

  • Zero-gas transactions
  • Zero-fee trading
  • Token launchpad
  • Liquidity mining

And aggregates liquidity from all existing decentralized exchange protocols to give you the best rates.

PS: This platform is scheduled for launch in Q1 2021. I like their “proposed” value proposition and I thought you might want to look out and keep an eye on them. That’s why I added it here.

Click here to go to ZeroSwap or learn more here.

4. BakerySwap

BakerySwap is an automated market-making (AMM) decentralized exchange built on the Binance Smart Chain.

The platform enables you to stake and bake, create special NFT combos, get your own NFT pets.

BakeSwap has its own native token called BAKE.

Which you can farm by staking or providing liquidity to any of the available pools on the exchange.

Holding CAKE also entitles you to vote and take part in the governance of the exchange.

That’s not all.

BakerySwap also has a launchpad where you can take part in the token sale (ICO) of new projects launching on the BSC.

Click here to learn more about BakerySwap or go to BakeSwap now

5. PancakeSwap

This is one of the most popular projects and DEXs on BSC.

PancakeSwap is a decentralized exchange, built on the Binance Smart Chain.

The platform features trading, liquidity mining, yield farming, and the Pancake lottery. Where you can win some tasty CAKE.

PankcakeSwap also runs a tokens launchpad.

Where you can take part in initial farm offerings (IFOs). And buy into new projects using your CAKE-BNB LP tokens.

PancakeSwap was audited by Certik.

Thus, we can say it’s safe until hacked or exploited.

Click here to learn more about PancakeSwap or go to PancakeSwap now.

Conclusion

The problem of high gas and trading fees on Ethereum is not going away anytime soon.

But you don’t have to get stuck on Ethereum and keep losing money unnecessarily until God knows when.

n this post, I have highlighted some of the most popular and reliable decentralized on the BSC.

They’re faster, cheaper, and offer some unique features and functionalities not found elsewhere.

Do you use any of the above BSC-based DEXs? What’s been your experience so far? Share with us in the comments section below.