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How to Withdraw from PancakeSwap? Unstaking Guide

So, you’ve already tried out swapping and staking, but now you’re wondering how to withdraw from PancakeSwap? Well, you cannot actually make a PancakeSwap withdrawal like you would on a centralized exchange (CEX) like Binance.

This is the case because you don’t actually store any crypto inside a decentralized exchange (DEX). You do lock up your tokens, though, for liquidity provision, staking, or yield farming. Thus, you should be asking instead, “How to withdraw liquidity from PancakeSwap?” or “How to withdraw staking rewards?

Don’t worry, it’s very easy.

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How to Withdraw from PancakeSwap?

A very short answer to the question, “How to withdraw from PancakeSwap?” is to go to a liquidity pool and click the “Unstake” button. Do note that while there are several staking options on the platform (in the broad sense of the term), in this case, I’m talking specifically about withdrawing from PancakeSwap farms.

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Now, if you want a bit more thorough explanation:

Step 1: Assuming that you have already connected your wallet to PancakeSwap (which you should have if you’re wondering how to withdraw LP tokens from PancakeSwap), go to the yield farming page, which you can access by hovering your mouse over the “Earn” option at the top left corner of the page and then clicking on “Farms.”

How to withdraw from PancakeSwap:

Once you go to the page, find the liquidity pool in which you are currently staking and expand it.

How to withdraw from PancakeSwap: liquidity pools.

Step 2: Click “Unstake” and wait for the unstaking window to pop up.

How to withdraw from PancakeSwap:

Step 3: You’ll see all the information about your staking position in that window. Click “Unstake” once more. Do note that when you unstake, any generated rewards are automatically harvested and sent to your wallet.

How to withdraw from PancakeSwap:

Step 4: Confirm the withdrawal on the MetaMask wallet extension window that will pop up. Notice that you will have to pay a certain withdrawal fee.

How to withdraw from PancakeSwap: withdrawal approval in a MetaMask extension.

And that’s all there is to a PancakeSwap withdrawal. Once you confirm it, your assets will be sent back to your wallet, together with the rewards. 

CEX Withdrawal VS DEX Withdrawal

As I briefly explained in the introduction, an answer to the question, “How to withdraw from PancakeSwap?” would explain a completely different process compared to, let’s say, a question, “How to withdraw from Binance?

You see, Binance is a CEX that provides users with a very long list of trading and earning features. Besides that, though, it allows you to store your crypto in its built-in hot wallet. So, if you wanted to know how to withdraw from Binance, you would most likely want to know how to take out your crypto stored there and transfer it to another wallet.

PancakeSwap, on the other hand, is a DEX that primarily offers swapping and several earning options (liquidity provision, staking, yield farming, and so on).

It does not, however, allow you to store your crypto. The only thing that comes close to that is locking up your tokens in liquidity pools to generate rewards. Thus, withdrawing from PancakeSwap refers to unlocking or unstaking your crypto assets.

Conclusions

So, now you know how to withdraw from PancakeSwap. As you see, there is nothing complicated about the process - in fact, it's only a matter of clicking the right buttons.

The only thing you should keep in mind is that a PancakeSwap withdrawal does impose a certain network fee. These fees are not PancakeSwap-specific, though – they are a standard part of executing any operation on the blockchain network, be it a PancakeSwap withdrawal or a Binance withdrawal.

The cost of these fees can vary based on network congestion and other factors, so make sure you are aware of them before initiating a withdrawal.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

About Article's Experts & Analysts

By Ain N.

Lead Content Researcher

Ain is the Lead Content Researcher. Her vast experience with crypto and blockchain tech-related content allows her to identify the key pieces of information that should be presented to the learner, and ensure the validity of the gathered data. Wit...
Ain N. , Lead Content Researcher
Ain is the Lead Content Researcher. Her vast experience with crypto and blockchain tech-related content allows her to identify the key pieces of information that should be presented to the learner, and ensure the validity of the gathered data.
With a degree in New Media studies, she has developed an extensive list of techniques to educate people via new, research-proven study models based on deduction and long-term human memory.
Ain approaches everything with unequivocal attention to detail. Her main goals are to erase the ambiguity surrounding many Web3 concepts, and to guide content writers in presenting difficult crypto-related concepts in an easy-to-understand manner.
Even though content strategy is her main passion, Ain also enjoys reading high-fantasy books and watching superhero movies.

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FAQ

How to withdraw from PancakeSwap?

Withdrawing from PancakeSwap essentially means unstaking or unlocking your crypto from liquidity pools, together with generated rewards. It essentially takes a click of a few buttons. If we’re talking about withdrawing from PancakeSwap farms, you just need to click “Unstake” on the pool in which you're staking and then approve the withdrawal process in your wallet.

Does PancakeSwap withdrawal impose any fees?

Yes, there is a PancakeSwap withdrawal fee, which depends on various factors, including network congestion and withdrawal size. However, this fee is not specific to PancakeSwap, because any operation that happens on the blockchain imposes a fee. So, if you were to withdraw your staking rewards from Binance, for example, you would have to pay a fee as well.

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