Have you ever encountered a problem during the process of buying and selling cryptocurrencies? In addition, platforms for transactions such as PancakeSwap are still considered a relatively new phenomenon, and the process of solving various problems will take a lot of time. Problems like the error “insufficient_output_amount" or PancakeSwap insufficient output amount will be enough to bother you in completing the transaction or even stop it, but you're still lucky because it turns out there are ways you can do to overcome them.
Insufficient Number of Outputs Problem
When you encounter a problem during a transaction and there is a notification "Insufficient Number of Outputs", this can be caused by a slip tolerance that is considered low.
Slippage is a representation to show the difference between the price of a token which is then anticipated by the exchange and also the price at the time the exchange process occurs. For example, when you are going to exchange your BinaryX or BNX token for some token called Metahero or HERO. Then when you trade, there will be a notification that you have received 1 HERO. However, you will find that after the transaction process has been completed, you will only get 0.9 from HERO which means a slippage of up to 10%.
A slippage is caused by sudden fluctuations in the market. Transactions that are continuously carried out by users will affect this value and make the value of this cryptocurrency fluctuate. When this change occurs during the process of making a transaction, it is possible for slippage to occur with a value that may be quite large.
Slippage can also occur due to liquidity. How easy is it for a token to change into another token in the buying and selling process? Low levels of liquidity will reveal unpredictable market behavior and create a spike in the value of the crypto and caused the PancakeSwap insufficient output amount.
Dealing with the Error
After the brief explanation above, what we will discuss next is the procedure for dealing with an error of PancakeSwap insufficient output amount where the message "Insufficient Output Amount" appears in PancakeSwap.
For a token that suffers from low levels of slippage tolerance and also low insufficient liquidity for this trade PancakeSwap, you can do some ways to fix the current problem.
Refresh Page
The first way is to try refreshing the PancakeSwap page. In this way, it will open up the possibility for you to carry out or complete your transaction process afterward. But if it still doesn't work, then you can try the next method.
Increase Slippage
You can do it gradually when your attempts to trade continue to experience interruptions, so you need to change the level of tolerance for slippage. The slippage tolerance value that is set by default in PancakeSwap is 0.8%, so it is important for you to be able to adjust the number and be able to maximize the use of the platform.
You can slowly increase the slippage value by 1%. Finally, you will be able to find a level that is considered optimal and will allow you to carry out the trading process again and be able to offer a price that is in accordance with the currency value you want.
The trick is to open the device and start entering the PancakeSwap exchange. You can determine the type of token you want by entering the "From" menu, after that, you specify the token you want by entering the "To" menu. After that, you enter the "Settings" menu so you can enter the options menu in Pancake Swap. After a pop-up appears, you navigate to the "Slippage tolerance" menu. At the bottom of the menu, you can enter the number “1.8” in the column marked “%”.
If it turns out that the transaction still cannot be done, then you can try again by increasing the slippage with the value being changed to 2.8%. You can just keep increasing the slippage value in increments of 1% until you finally finish your trading process. This is a method that will require a lot of patience, but is still quite efficient to resolve the problem of PancakeSwap insufficient output amount.
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Some Other Ways
You can try by reinstalling your online wallet. This method will generally help you troubleshoot any issues that occur internally within the app, and it's also the easiest and most widely used method.
You can also try to reconnect your wallet with the platform as there may have been an error during the previous connection and also reset the insufficient liquidity for this trade.
Internet Connection Problems
Ongoing transactions can also be forcibly stopped due to problems with the network or internet connection, therefore you need to make sure that the network you are using has a high level of strength and security. The next way is to try to process buying and selling transactions with other devices and also the browsers that are there, it could be the settings or versions of the devices and browsers that actually become a hindrance.
The PancakeSwap insufficient output amount problem may also be caused by certain types of tokens also having problems. You may also have experienced it when you make transactions using coins which are already very popular and there are many significant fluctuations and can cause this error. If that happens, you can be more patient or find out what coins have the potential to experience this problem so you can be better prepared.
Join A Groupchat
Those are some ways that you can use to overcome the problem of insufficient output amount PancakeSwap when making buying and selling transactions for tokens or crypto currencies that are on the rise. If indeed you find other problems that are not mentioned above, maybe you can try discussing them in a group that contains a group of people who are really working in this field.
Such a method can also be used as a very effective method for solving a number of problems, including PancakeSwap insufficient output amount. Apart from that, you can also gain new knowledge or updated information, which you can get from groups like this to significantly increase your income.