Welcome to this post, where we are going to see how to solve this problem that appears in pancakeswap when you try to exchange between two cryptocurrencies.
We are going to go straight to the two possible problems and their solutions so you don’t waste any more time. The two possible problems that cause this error message to appear are the following.
There are cryptocurrencies or tokens that have a commission or tax as you can read on their website. This means that if a token, for example, safemmon, has a commission of 8%, you should set the slipping tolerance in the settings wheel at the top right to 8% or more.
Note that this means that you will pay 8% on every transaction you make on this token. In case you have a commission of 8% and with 9% you still get the same error, the solution is to increase the slipping tolerance, I recommend 1% by 1% until it allows you to make the transaction.
Sometimes you may not find on their website the type of commission they have, so you can go up the slipping tolerance until it allows you to sell or buy and make the transaction by signing in your wallet.
Regarding the commissions or tax, each token works differently, there are some that a part of that % you pay, is distributed among the owners of the token in your wallet. This is the most common, in others a % goes to acts benefits, or others simply is a way to incentivize not to sell with a commission that is distributed to the creators of the token for marketing or other expenses related to the project.
The other main problem with this error is the lack of liquidity of the token. Sometimes there are tokens with very little liquidity on pancakeswap, or the token creators have simply removed the liquidity and no one can sell the token, it can only be bought.
Regarding this problem there is no solution really. What I recommend is to look at their social networks like twitter or telegram to see if there are users with the same problem and if they have really removed the liquidity of pancakeswap and you can not sell the token.
Another aspect that you may encounter, are tokens that you receive in your wallet and it does not let you sell them. These are people who create tokens and send them to you so that you think they are worth a lot and you can sell it, and buy their token. But really when you go to sell it, you will see that you will not be able to, because there is no liquidity in that token.
I hope it has helped you to solve this problem that we have all encountered at some point in pancakeswap. Remember that if you don’t have an account with binance, you can create one just below.
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