How to Fix “Insufficient Liquidity for This Trade” for PancakeSwap and UniSwap

Are you experiencing the “Insufficient Liquidity for This Trade” error and looking for solutions?

Then you have come to the right place as we will help you to overcome this error for PancakeSwap and UniSwap.

How to Fix “Insufficient Liquidity for This Trade”

Trading, buying, swapping, and selling on decentralized exchanges is usually simple because you just connect your wallet, enable the DApp browser and start your genuinely decentralized crypto journey, but if you are trying to swap tokens in the market and you encounter this message saying, “Insufficient Liquidity for This Trade” it means you will not be able to complete your transaction.

Often the reason for this error is that you are using the newer version of the cryptocurrency exchange that does not support the transaction you want to make or you have set your slippage tolerance lower.

On this article we will show you how to fix the “Insufficient Liquidity for This Trade” error so that you can swap your tokens peacefully on these decentralized exchanges.

We will cover topics such as:

–  What is Liquidity?

–  What does “Insufficient Liquidity for This Trade” mean?

–  How to fix, “Insufficient Liquidity for This Trade”

What is Liquidity?

Before we go to solutions to solve this “Insufficient Liquidity for This Trade” error, it is important to first understand what Liquidity means.

Liquidity is defined differently by different economies and financial markets, but in simple terms, liquidity refers to how easy and fast you can convert something to cash and still maintain its value or the amount of money or assets that can be traded in the market such as the stock market or the cryptocurrency market.

 What Does “Insufficient Liquidity for This Trade” Mean?

It is important to first understand the concept of liquidity in your transaction. Total liquidity represents the amount of a token or currency that can be traded, for this example, in the cryptocurrency market. This total value is normally related to new tokens and assets. This means that, if a coin doesn’t have enough liquidity, users won’t have the ability to acquire or trade it.

Decentralized platforms such as PancakeSwap or Trust Wallet facilitate cryptocurrency trades with the help of liquidity pools and prior to any cryptocurrency being available for trading on a decentralized exchange; the creator must develop a liquidity pool where there will be a particular amount of two different cryptocurrencies that are in a pair.

For example, for the BTC/ETH pair, the liquidity pool has to contain a particular amount of both Bitcoin and Ethereum. When a transaction takes place in these decentralized exchanges, the token that the user leverages to trade with, get included in the liquidity pool, whereas the token that he gets in return is deducted from the pool.

Now the common reason for why you get the “Insufficient Liquidity for This Trade” error is because there is not sufficient liquidity for you to trade. That means the liquidity pool for the specific cryptocurrency doesn’t contain enough tokens for trading.

Another reason to receive this error could be because you are using the newer version of your exchange and the cryptocurrency has not yet been shifted to the version you are using.

For example, in case you are attempting to trade a coin on the PancakeSwap V2 exchange that was only include on the V1 exchange, it is most likely that you will come across the “Insufficient Liquidity for This Trade” error because there is not enough liquidity for the pair you are trying to trade on that version.

Now that we know what we are dealing with, let us look for solutions to solve it.

How to Fix “Insufficient Liquidity for This Trade”

This “Insufficient Liquidity for This Trade” error often appears depending on the token and the decentralized exchange that you are using, but the good thing is that you can find a relevant solution and continue with buying, selling, swapping, and all that you want to do in these platforms without any error.

You can try the below-provided solutions to fix this error. We are focusing on how to fix “Insufficient Liquidity for This Trade” on the biggest decentralized crypto exchanges, namely, PancakeSwap and UniSwap.

Change Your Exchange

To fix this “Insufficient Liquidity for This Trade” error, the first solution is to change the version of the exchange you are using. It is best to switch back to the old or previous version of the exchange you are using. For example, PancakeSwap migrated to a newer version called V2 while Uniswap migrated to the V3 version, and unfortunately, some tokens are not supported on the newer versions.

If you are using the version of an exchange that does not offer the trading you are looking for, this, “Insufficient Liquidity for This Trade” error will appear, which is why it is important for you to switch to the previous version of the exchange you are trading on.

For PancakeSwap

Step 1

Navigate to the official website of PancakeSwap or if you are using a Trust wallet, simply go to the DApps section to find the PancakeSwap app.

Step 2

You will come across a screen asking you to connect PancakeSwap with your wallet. Click on the connect tap.

Step 3

As mentioned that PancakeSwap migrated to the V2 version, which means that your app will be working on this version by default and you will have to switch to the V1 version.

For you to do that, scroll down, and at the bottom of the exchange, you will find a toggle with the options for V1 and V2.

Step 4

Shift the toggle to V1, and upon doing that, you will be greeted by a pop-up message notifying you that the V1 is no longer supported or outdated and you will be recommended to use the V2 version as it offers better prices.

Simply select the checkbox on the bottom that says, I understand that V1 is no longer supported, and I may experience significant slippage, resulting in capital loss. After that click on, “continue to V1 anyway.”

Step 5

Connect to your wallet just like you did previously. For example, if you are using a Trust wallet, you will have to select and connect it.

You can now try to swap tokens in the market using the older version and check if it has fixed the “Insufficient Liquidity for This Trade” error.

For UniSwap

Changing the version on UniSwap is much easier than changing it on PancakeSwap because all you have to do is to type in “?use=V2” along with the URL for UniSwap. This will take you to the V2 version, but if you want to switch back to the V1 version, then you will have to type in, “?use=V1”

Increase Your Slippage Tolerance

If you are still getting the “Insufficient Liquidity for This Trade” error message after switching to the previous version of your exchange, you can now try to increase your slippage tolerance.

Most crypto investors want to buy certain tokens before they get listed in popular centralized exchanges. So, before these new coins are listed in these centralized exchanges, they can be bought from decentralized exchanges such as PancakeSwap, UniSwap, SushiSwap, etc. And during such transactions, if your Slippage Tolerance is been set at a lower value, you will come across the “Insufficient Liquidity for This Trade” error. It is therefore important to increase your Slippage Tolerance.

Sometimes due to excessive price fluctuations and the lengthy process of registering a buy or sell transaction in decentralized exchanges, an increase in price slippage helps to complete the transaction.

For PancakeSwap

Step 1

Navigate to the PancakeSwap website or DApp on Trust Wallet and connect to your wallet.

Make sure you are using the default V2 version before going ahead with this process. Then go to settings on the top of the screen.

Step 2

Under “Swaps & Liquidity” you will find the “Slippage Tolerance” section. Add 12% to increase your Slippage Tolerance, and do not touch other parameters. Once you are done adding the 12% on the percentage field, you will receive the “Your transaction may be frontrun” message. Worry not about that, just ignore it and close the dialog by clicking on the X icon on the top right of the dialog.

After doing this, you can try swapping the tokens again and see if the error will still be there, but in most cases it will be gone and the transaction will go through.

For UniSwap

Step 1

Navigate to the Uniswap website. But before going ahead with this process, make sure that you are using the default version.

Connect your wallet of choice to Uniswap and go to settings on the top of your screen.

Step 2

Under “Transaction Settings” you will find the “Slippage Tolerance” section, on it add 10% to up your Slippage Tolerance. Once your enter 10% on the percentage field, you will receive the “Your transaction may be frontrun” same as the one you received on Pancake. Ignore that message and your screen anywhere to close the box. This should help you to fix the “Insufficient Liquidity for This Trade” problem.

Try swapping your token again and check if the transaction will go through or the error will still appear.

Check Your Internet Connection

The other problem that you must check which could be causing the “Insufficient Liquidity for This Trade” error, is the internet connection that you are using. In order to check if indeed the problem is the internet connection, try restarting your router and see if the problem still exists.

You can also try disconnecting the Wi-Fi and use mobile data or if you are using mobile data, try connecting to Wi-Fi and see if that won’t solve this problem. If you are on mobile with no access to a Wi-Fi connection, you can try to switch to your second mobile network (for phones with multiple SIM cards) and try swapping the token on any of these exchanges to see if the error has been fixed.

Also if you are using a VPN connection, disconnect from it and try to swap your tokens again. Often VPN connection restricts you from trading your tokens. Many decentralized exchange users have reported that this one solution fixed the error for them after trying other methods on their devices, so this might also fix the error for you.

It is also important to check if the problem is not with the server of the exchange you are using because sometimes these servers do fail and if that happens, you will have to wait for it to get back again.

Use a Different Exchange

If you have changed from a newer version to an older version of your exchange, if you have increased the Slippage Tolerance or checked your internet connection but still experiencing the “Insufficient Liquidity for This Trade” error, then you might try switching to a different exchange that provides the trading pair that you are looking for.

There are other exchanges you can opt for besides PancakeSwap and UniSwap, such as SushiSwap, DODO Exchange, Traderjoe, Bogged Finance, HoneySwap, and others.

Conclusion

In conclusion, do understand that errors are sometimes there, no matter the system you are using. Instead of giving up on what you are doing, find the solution. With that said, we hope that the above-mentioned solutions we provided to fix the “Insufficient Liquidity for This Trade” will be helpful to you.