• Edited by Evan Gower Editor February 23, 2022
Are you experiencing issues buying and selling cryptocurrency? While crypto trading platforms like PancakeSwap and Uniswap are still a relatively new phenomenon, ironing out all the kinks will take some time. The “insufficient_output_amount” error may stop you from finishing your transaction, but luckily, there’s a way to get around this problem.
This guide will go over how to fix the “insufficient_output_amount” error on the PancakeSwap and Uniswap crypto exchanges so that you can continue trading tokens successfully.
If your transaction’s been blocked and you’ve received an “Insufficient Output Amount” message, it likely occurred due to low slippage tolerance.
Slippage represents the difference between the anticipated price of a token exchange and the price at which the exchange goes through. For example, say you want to swap your BinaryX (BNX) tokens for some Metahero (HERO) tokens. When you start the trade, you will see that you will receive 1 HERO. But once the transaction is over, you’re left with 0.9 HERO. This means that the slippage came up to 10%.
Slippage occurs due to sudden market fluctuations. Token value constantly changes because users continually initiate transactions, raising and lowering the value of many cryptocurrencies. If a change happens between the moment you start a transaction and when you finish it, the slippage will impact the value of the received crypto.
Another reason for slippage is liquidity. It measures how easily a token can be turned into another through trading. Low liquidity indicates unexpected market behavior, leading to spikes in crypto value.
If your slippage value is set too low, you’re more likely to struggle to complete a transaction. Crypto platforms take this as a sign that you’re not willing to continue trading if the actual value is lower than expected.
Most crypto exchange platforms have an extremely low slippage tolerance, so the chances that your transactions will fail are high. Adjusting your accepted slippage level minimizes the risk of a failed transaction.
If your tokens are suffering from low slippage tolerance or low liquidity, there are three ways you can fix the problem.
First, try refreshing the PancakeSwap page. You might be able to finish your transaction later. If not, then you can use the second method.
If your trading attempts keep getting interrupted, you’ll have to change the slippage tolerance level. The default slippage tolerance on PancakeSwap is 0.8%, so it’s essential to adjust it to make the most out of the platform. Raise the slippage in small increments of 1%. Eventually, you will find the optimal level that allows you to keep trading and gets you the best value for your tokens. To do so:
If the transaction fails, try again, this time raising the slippage value to 2.8%. Continue increasing the slippage amount by 1% until you manage to complete the trade. This method requires patience, but it ensures that you receive the best possible price for your tokens.
The last method includes drastically raising the slippage. Most users have found that increasing it to 12% or 15% allows them to keep trading. Here’s how to do it:
Users sometimes receive a “Your transaction may be front-run” message. If that happens, close the message and initiate the transaction again. You shouldn’t see any error message this time, and the exchange will be successful.
This method is quicker than raising the slippage by 1% each time there’s an error. However, keep in mind that it comes with a higher price difference.
The Uniswap platform functions similarly to PancakeSwap, so the ways to adjust the slippage are similar.
Try refreshing the Uniswap page and see if the error has been resolved by attempting to swap tokens.
If you still have issues, increase the trading slippage. Before entering the slippage settings, make sure you’ve selected the tokens you want to exchange.
Start by increasing the value in 1% increments:
If you again encounter the “insufficient_output_amount” error, continue increasing the slippage by 1% until you reach the level at which you can trade without interruption.
A faster way to bypass the error is by raising the percentage to 12 or 15. This level is high enough to combat market fluctuations and low liquidity. Here’s how to do it:
Sometimes, low slippage tolerance and low liquidity aren’t disrupting your transaction. If the above solutions are not working for you, the problem might be with your cryptocurrency wallet. Two of the most popular online wallets are TrustWallet and MetaMask Wallet. Due to their large number of users, they can also affect how successful your transaction will be.
To resolve the issue:
● Try reinstalling your online wallet. This should resolve any internal issues within the wallet and stop it from blocking token swaps.
● Reconnect your wallet to your cryptocurrency trading platform. You might be seeing the error because the connection between the wallet and platform is faulty.
A weak internet connection can also stop a transaction, so make sure you’re using a strong and secure network. Buying and selling tokens on another device is another solution. Even switching to a different web browser may enable a transaction to go through.
You may experience this problem regardless of whether you buy or sell tokens. However, popular tokens are more likely to result in a failed transaction because they fluctuate frequently. Sought-after options include the Ethereum token (ETH), PancakeSwap token (Cake), Dinoland Metaverse (DINO), Space Genesis (SPG), and more.
Whenever a new profitable market appears, there are bound to be problems. Until platforms like PancakeSwap and Uniswap find an effective way to regulate market fluctuations, users will have to suffer through errors like “insufficient output amount.” However, the methods we’ve discussed will make trading on these platforms much more straightforward.
Hopefully, this guide has helped you understand how to deal with the “insufficient output amount” error and successfully combat low slippage tolerance and liquidity.
Have you encountered this error before? Which method did you use to resolve it? Let us know in the comment section below.
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