Are you getting an “Insufficient Output Amount” error on PancakeSwap?
Here’s the full error message, “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”.
Many users have faced this issue before when they’re swapping a token on PancakeSwap.
As a result, they are unable to swap the token until the error is resolved.
Fortunately, the error can be fixed in two easy steps.
In this guide, you’ll learn why you’re getting an “Insufficient Output Amount” error on PancakeSwap and how to fix it.
- Why am I getting an “Insufficient Output Amount” error on PancakeSwap?
- How to fix “Insufficient Output Amount” on PancakeSwap
Why am I getting an “Insufficient Output Amount” error on PancakeSwap?
You’re getting an “Insufficient Output Amount” error on PancakeSwap because your slippage tolerance is too low.
When your slippage tolerance is too low, your order may fail to execute because the price movement is too high.
Slippage tolerance allows you to set the maximum percentage of price movement you’re willing to take.
For example, if your slippage tolerance is 5%, it means that your order will not execute if the price movement is more than 5%.
Cryptocurrencies are extremely volatile, and slippage tolerance counters them.
Without slippage tolerance, you’d be swapping tokens at market order.
However, setting a low slippage tolerance may prevent your order from getting executed.
By default, the slippage tolerance on PancakeSwap is 0.8%, which is very low.
PancakeSwap states that the “Insufficient Output Amount” error is caused by one of the tokens that you’re swapping.
In most cases, the slippage tolerance is the cause of the error.
How to fix “Insufficient Output Amount” on PancakeSwap
To fix “Insufficient Output Amount” on PancakeSwap, you need to increase your slippage tolerance to 12%.
After you’ve increased your slippage tolerance to 12%, you’ll be able to successfully swap your tokens.
Keep in mind that “12%” is just a benchmark that you can follow.
When you face the “Insufficient Output Amount” on PancakeSwap, it’s highly recommended that you increase your slippage tolerance by increments of 1%.
For example, every time you receive the “Insufficient Output Amount” error, increase your slippage tolerance by 1%.
Repeat the process until you’re able to successfully swap your tokens.
By doing this, you’ll be swapping your tokens at the best rate.
Here’s how you can fix the “Insufficient Output Amount” error on PancakeSwap in 2 steps:
1. Tap on the Settings icon on PancakeSwap
Firstly, open PancakeSwap on your device.
Then, select the tokens that you want to swap on the exchange.
On the “From” field, select the token that you want to use to swap.
On the “To” field, select the token that you want to swap to.
Next to the “Exchange” header, you’ll see a Settings icon.
Tap on the Settings icon to open the PancakeSwap settings.
2. Increase the slippage tolerance to 12%
After you’ve tapped on the Settings icon, the “Settings” pop-up will open.
On the settings pop-up, you’ll see three headers including “Slippage tolerance”, “Transaction deadline”, and “Audio”.
Under “Slippage tolerance”, you’ll see three percentages that you can choose from, including “0.1%”, “0.5%”, and “1%”.
By default, the slippage tolerance on PancakeSwap is 0.8%.
In most cases, a 0.8% slippage tolerance is too low and will cause your order to fail.
To fix this, you can increase your slippage tolerance to 12% on the “%” field.
After you’ve done so, you may get a “Your transaction may be frontrun” error.
Ignore the error message, close the pop-up, and try swapping the tokens again.
This time, you should be able to swap your tokens on PancakeSwap without getting an error.
Alternatively, you can increase your slippage tolerance by increments of 1% each time you get the “Insufficient Output Amount”.
By doing this, you’ll be swapping your tokens at the best rate.
You’ve successfully fixed the “Insufficient Output Amount” on PancakeSwap!
Conclusion
The “Insufficient Output Amount” is a very common issue on the PancakeSwap exchange.
As mentioned in the article, the error is mainly caused by a low slippage tolerance.
However, there isn’t a hard-and-fast rule to deal with slippage as there are multiple factors that you need to consider.
For example, you need to consider the volatility of the prices, liquidity, and more before making a decision.
However, if you don’t mind swapping your tokens at a large price difference, then you can increase your slippage as much as you want.
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