How to fix “TRANSFER_FROM_FAILED” message on PancakeSwap?

At the time of writing this blog, over 17,000 coins are listed on CoinMarketCap, the leading cryptocurrency tracking site. This huge figure is an indication of the popularity that cryptocurrencies are gaining these days.

If you are active on various social media channels like Reddit or Telegram, you might know that every other day a new token is launched claiming to be the next Bitcoin, Ethereum or even Dogecoin. Most of the time, the claims of the creators are false. Yet, thousands of people are putting their money into these new coins in hopes of earning high returns by being early investors.

If you too love trying new cryptocurrencies, you must have used Pancake Swap for most, if not all, of your transactions. On many occasions, after purchasing parts, you have thought to yourself that you no longer want the HODLer.

But then, when you tried to exchange them for BNB or other BEP-20 coins, you might have seen the message “TRANSFER_FROM_FAILED” and realized that you couldn’t exchange them, no matter how many times you you were trying! And now you want to solve this problem as soon as possible, right?

We know how you feel, and that is why we are here with this blog to help you solve this problem. In this blog, we will tell you if and how you can fix this problem and avoid it in the future.

Why did the “TRANSFER_FROM_FAILED” error occur on PancakeSwap?

This is what the full error message looks like:

“The transaction could not be completed due to an error: TransferHelper: TRANSFER_FROM_FAILED. This is likely a problem with one of the tokens you are trading. »

The message doesn’t tell you much about the problem, other than that one of your tokens has an error. Let us tell you an important fact regarding this error. Most users claim to get this error when trying to sell a new token they recently purchased. Do you understand what we are trying to say? The token is most likely a scam.

Yes, you read correctly. And, unfortunately, there’s not much you can do about it.

Cryptocurrencies are growing at a rapid pace, and so are cryptocurrency scams. Every other day, you may see a new cryptocurrency token being advertised on community platforms like Reddit, cryptocurrency channels or groups on Telegram, or some Discord servers. Each of them claims to be the next big thing in the crypto world.

With such enticing claims, it is very easy for users to be lured into buying these scam coins which look very lucrative from the outside but are hollow from the inside.

If you bought one of these coins and you cannot resell it because of this error, this clearly indicates that your token is part of the so-called “honeypot” scams. Unfortunately, there is little chance that you will be able to get your money back.

The main reason why many people fall into such traps is that cryptocurrencies are a relatively new concept. While cryptocurrencies are becoming popular, most people have very little understanding of how blockchain and cryptocurrencies work. It is very crucial for everyone to know the basic methods to identify and detect which coins are legit and which ones are scams.

Although there is little chance that the coin is a scam, it is possible to redeem your coins by following these methods:

1652539011 231 How to fix TRANSFER FROM FAILED message on PancakeSwap

Increase slippage

Increasing Slippage can work if the liquidity of the coin is low. To increase Slippage, follow these steps:

Step 1: On the Swap page, click the Settings icon in the upper right corner.

Step 2: In the Settings menu, you will find the Slip Tolerance section where you can increase the slip. Increase the slippage to a higher amount than is already set.

Step 3: Try swapping the coin again.

Try to exchange a lower amount

If you cannot exchange all your coins at the same time, you can reduce the amount. Reduce the amount you want to exchange and try again. If it works, keep trading lower amounts rather than trading them all at once.

If these methods work for you, great. However, if the methods do not prove to be successful, chances are you have purchased a fraudulent coin and are no longer able to sell it.

Keep reading for a few methods to identify the trustworthiness and legitimacy of cryptocurrencies.

We want to say thanks to the author of this post for this incredible content

How to fix “TRANSFER_FROM_FAILED” message on PancakeSwap?

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