# Token Swaps

![](https://1605708651-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MHREX7DHcljbY5IkjgJ-847499179%2Fuploads%2Fgit-blob-c4cfad6e805df4b7ceba7f2be2cc01dd1be622dd%2Fswap-trade-header.png?alt=media)

\*\*\*\*[**Token swaps**](https://exchange.pancakeswap.finance/#/swap) on PancakeSwap are a simple way to trade one BEP-20 token for another via automated liquidity pools.

![](https://1605708651-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MHREX7DHcljbY5IkjgJ%2F-MYdaaKDOubEu_AAI0je%2F-MYdbVmO_ooTMDZ7HN-Y%2FScreenshot%202021-04-19%20at%206.11.54%20PM.png?alt=media\&token=712029f2-729a-4341-84a1-3477bdbc969d)

When you make a token swap (trade) on the exchange you will pay a **0.25% trading fee**, which is broken down as follows:

**0.17%** - Returned to Liquidity Pools in the form of a fee reward for liquidity providers.

**0.03%** - Sent to the PancakeSwap Treasury.

**0.05%** - Sent towards CAKE buyback and burn.