Encountering ‘Pancake Router: Insufficient Output Amount' Error on Pancakeswap? Learn How to Fix It with Our Step-by-Step Guide. Don't Let Technical Issues Stop You from Trading Cryptocurrencies!

Imagine you're trying to get in on XYZ token (a newly launched token) on Pancakeswap.

You go to Pancakeswap in your Dapps and try to swap your BNB token to XYZ only to receive an error message like this: “The transaction cannot succeed due to error: PancakeRouter: INSUFFICIENT_OUTPUT_AMOUNT.” followed by, “This is probably an issue with one of the tokens you are swapping.”

While you're still struggling to find a solution to this error message, token XYZ might have already done 3x, which means that you missed out on an opportunity to triple your investment.

You might be wondering why I am telling you this? It's because I personally experienced it with the REFINABLE token in 2021.

Here is why you're receiving an “insufficient output amount” on Pancakeswap and how you can fix it.

Table of contents

• Why am I getting an “Insufficient Output Amount” on Pancakeswap?
• How can I fix the “Insufficient Output Amount” error on Pancakeswap? 

Why am I getting an “Insufficient Output Amount” on Pancakeswap?

You might be getting an “Insufficient Output Amount” error on PancakeSwap due to your slippage tolerance being too low.

Due to the volatility of cryptocurrencies, “slippage tolerance” is a parameter you can use to determine the maximum percentage of price movement you’re willing to accept while swapping tokens on a decentralized exchange.

To illustrate, if you set your slippage tolerance as 3%, it means that your order will not execute if the price of the token you're about to swap increases more than 3% while executing your order.

In addition, the default slippage tolerance on Pancakeswap is 0.8%, and most times when you don't increase the slippage tolerance, your order may fail to execute if the price movement is too high.

How can I fix “Insufficient Output Amount” on Pancakeswap?

To fix “Insufficient Output Amount” on Pancakeswap, you need to increase your slippage.

Note that a higher slippage tolerance sometimes means you'll pay more in gas fees or lose a little percentage of the token you're swapping to the smart contract.

Also read: Best Coins For Staking In 2022

Therefore, it's advisable to increase your slippage tolerance by 1% at a time.

For example, don't jump from a slippage tolerance of 3% to 10%.

You can start by increasing it to 4%, then 5% until your order executes so that you don't end up overpaying in gas (transaction fee).

An alternative way to fix the error is by reducing the number of tokens you want to swap. Start with a smaller amount with fewer decimal places.

For example, if you want to swap 5 BNB tokens to an XYZ token, try reducing it to 1.1274 BNB tokens.

If you are receiving an “Insufficient Output Amount” error on Pancakeswap, it means that the amount of tokens you are trying to swap is too small for the selected slippage tolerance. To fix this error, you can increase your slippage tolerance to allow for a greater price difference.

Here's how to increase your slippage tolerance and fix the “Insufficient Output Amount” error on Pancakeswap.

1. On Pancakeswap, tap the settings icon.

2. Increase the slippage tolerance such as 5% or 10%.

Click on the “Swap” button to execute the transaction.

By increasing your slippage tolerance, you are allowing for a greater price difference between the time you place the order and when it is executed.

This can increase the likelihood of your transaction being successful, but it also increases the risk of receiving a different price than what you expected.

It's important to note that increasing your slippage tolerance may result in a higher transaction fee. This is because Pancakeswap uses a dynamic fee structure that increases as slippage tolerance is increased.