Fix Price Impact Too High On PancakeSwap & Uniswap (2022)

Price Impact Too High Fix

PancakeSwap is undoubtedly one of the most popular decentralized exchange platforms to buy & sell Cryptocurrency.

Similar to other platforms, PancakeSwap does not always work the way it should.

Yes, there are multiple errors or issues that PancakeSwap users often encounter while making a transaction on it.

One of them is ‘Price Impact Too High’.

A lot of users took to social media and complained that they are getting the ‘Price Impact Too High’ error on PancakeSwap while making a transaction on it.

Also Read >> PancakeSwap ‘No Provider Was Found Error’ Fix

If you too are having the same issue on PancakeSwap then look no further as we have got you covered.

This post will not only teach you the simplest way to fix the ‘Price Impact Too High’ error on PancakeSwap but also explain what is it and what causes it.

Without any further ado, let’s get started:

What does “Price Impact Too High” mean on PancakeSwap?

‘Price Impact Too High’ on PancakeSwap means that you will end up losing a sizeable amount of funds for swapping your tokens on PancakeSwap.

For those unaware, Price Impact directly relates to the liquidity pool.

It measures your transaction’s effect on the funds devoted to the pool and that’s the reason why you encounter the Price Impact Too High error on PancakeSwap.

For example: If you want to buy a token whose price is around $10, the exchange platform like PancakeSwap or Uniswap will consider what percentage $10 should represent.

If the price of a token ($10) is 20% of the liquidity pool, the transaction price will automatically be increased.

When the transaction fee increases significantly, large trades don’t take place and offer stability to the trading pool.

Whenever you receive the ‘Price Impact Too High’ error on PancakSwap, it means that you will have to shell out a large chunk of funds to get a transaction completed.

Also Read >> HOW TO FIX “INSUFFICIENT OUTPUT AMOUNT” ON PANCAKESWAP

Why Does Price Impact Too High Occur in PancakeSwap?

If you are getting the ‘Price Impact Too High’ error on PancakeSwap, there are chances that you are using the latest version (V2) of the exchange.

Yes, this error started occurring on PancakeSwap when the devs migrated PancakeSwap from V1 to V2.

The migration took place in April 2021.

If you have just migrated from V1 to V2, there are chances that you still have some liquidity pools in V1, which causes the Price Impact Too High error on PancakeSwap.

There could be other reasons as we well to encounter the Price Impact Too High error on PacakeSwap.

Also Read >> Cannot Estimate Gas Error on PancakeSwap Fix

How to Fix Price Impact Too High on PancakeSwap & Uniswap?

Irrespective of the reasons that cause this error on PancakeSwap or Uniswap, you can easily fix the error by applying the following methods.

To make your work easier, we have mentioned multiple ways to resolve the issue.

Once you have successfully resolved the ‘Price Impact Too High’ error on PancakeSwap, do let us know which method worked for you.

1. Switch To the Older Version of PancakeSwap (V1)

As mentioned above, the majority of users who are getting the Price Impact Too High error are using the latest version of PancakeSwap (V2).

Instead of waiting for the devs to migrate to V2, I advise you to use the older version of the exchange to make transactions.

There are plenty of users who claimed to have resolved the Price Impact Too High issue by simply switching from V2 to V1.

Do you know how to switch back to the older version (V1) of PancakeSwap?

If your answer is NO then follow the steps written below:

First, launch PancakeSwap and connect it to your Cryptocurrency wallet (Metamask, Trust Wallet, Wallet Connect & Others).

I advise you to use Metamask.

Once connected, you will have to scroll down until you see versions V2 and V1 (Old).

By default, you will have V2 selected.

Price Impact Too High

To resolve the Price Impact Too High error, you will have to switch it back to V1 (Old).

Price Impact Too High

When you tap on V1 (Old), a pop-up message will appear on the screen informing you that PancakeSwap does not V1 version anymore.

To use the V1 (Old) version of PancakeSwap, you will have to tap on the checkbox, which comes with a disclaimer.

Price Impact Too High

Once you have acknowledged the disclaimer, you will have to tap on the ‘Continue to V1 Anyway’.

When you do so, the exchange platform will be switched from V2 to V1 (Old).

Once you have successfully switched PancakeSwap from V2 to V1 (Old), try to swap your token and see if the ‘Price Impact Too High’ error is fixed.

2. Increase Slippage Tolerance

If you continue to encounter the Price Impact Too High error on PancakeSwap, I advise you to increase the Slippage Tolerance.

There are plenty of people who took to social media and Reddit and wrote that they have fixed the issue by increasing the Slippage Tolerance on PancakeSwap.

Do you know how to increase Slippage Tolerance on PancakeSwap?

If your answer is NO then click on the above link.

When you do so, you will be taken to one of our guides where we explained how to increase Slippage Tolerance on PancakeSwap with screenshots.

3. Make Smaller Transactions

If the above-mentioned methods could not resolve the issue, the only fix that you have left is to make smaller transactions.

The reason why I am urging you to make smaller transactions is the higher the percentage the higher the fees.

Instead of making one big transaction, I advise you to make some small transactions to prevent the Price Impact Too High error on PancakeSwap.

The great thing about these methods is you would not lose a big chunk of money for making a transaction on PancakeSwap.

These are some easy ways to resolve the Price Impact Too High error on PancakeSwap.

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