Remove liquidity from a PancakeSwap V2 pool
Removing liquidity redeems LP tokens for the two assets behind them. You connect the wallet holding the LP on BNB Smart Chain mainnet (chain ID 56), paste the pair address, choose how much to redeem, and confirm. The form reads the pool's two symbols and your LP balance first, so you can check you are withdrawing from the right market before entering an amount.
Withdrawals are divisible. The 50% and MAX shortcuts exist because taking part of a position and leaving the rest earning fees is a normal thing to do; each withdrawal is its own transaction and pays its own 0.05 BNB service fee plus gas.
What comes back is current reserves, not your deposit
This surprises people, so it is worth stating plainly: a withdrawal pays out your share of the pool as it stands now, plus the fees accrued to that share. If the price moved while you were in the pool, the mix changes. You end up holding more of whichever asset fell and less of the one that rose, which is the effect commonly called impermanent loss.
| What happened while you were in the pool | What you withdraw | Why |
|---|---|---|
| No trades at all | Close to the original two amounts | Reserves unchanged except for rounding |
| Token price rose against BNB | Fewer tokens, more BNB | Buyers took tokens out and put BNB in |
| Token price fell against BNB | More tokens, less BNB | Sellers put tokens in and took BNB out |
| Heavy two-way trading | Either of the above, plus accrued fees | Fee share grows with volume, independent of direction |
None of that is a fault in the tool or the pool. It is what providing liquidity is: you are quoting both sides of a market continuously, and the trading fees are the compensation for doing so.
What an LP token represents on PancakeSwap V2
A PancakeSwap V2 pool holds two reserves and prices them by their ratio. When you deposit, the pair contract mints LP tokens to your wallet: a fungible BEP-20 whose balance is your proportional claim on both reserves plus the trading fees that have accrued to them. Nothing records that you specifically deposited; the LP balance is the entire claim, which is why losing it means losing the deposit.
That design is what makes the three operations on this site distinct. Adding liquidity mints LP to you. Removing liquidity burns your LP back into the two underlying assets at current reserves. Burning LP destroys the claim while leaving the reserves in the pool forever. Alchemii routes all three through a verified liquidity manager and never holds your keys, tokens or LP.
| Operation | What happens to your LP | Alchemii fee | Also pay |
|---|---|---|---|
| Create or add liquidity | Minted to your wallet | 0.05 BNB | Both deposits, gas, and a token approval |
| Remove liquidity | Redeemed for the two underlying assets | 0.05 BNB | LP approval if needed, plus gas |
| Burn LP tokens | Destroyed permanently | 0.05 BNB | LP approval if needed, plus gas |
PancakeSwap's own trading fee is charged on swaps against the pool and is separate from every figure above; its fees and routes documentation covers the current split. The pair contracts these tools call are the ones listed in PancakeSwap's V2 deployment reference.
BNB or WBNB, slippage, and the approval step
Pools hold WBNB, the wrapped BEP-20 form of BNB, because a pair needs two token contracts. The unwrap option converts it back to native BNB in the same transaction. It is a convenience with no price consequence: leave it on if the next thing you do is pay gas, turn it off if you are heading into another pool or a contract that expects WBNB.
Slippage tolerance (0.5%, 1%, 3%, 5% or 10%) sets the minimum amounts the transaction will accept, which protects you if reserves move between quote and execution. An LP approval may be needed before the manager can move your LP tokens; that is a separate transaction and a separate gas cost, and approving is not the same as withdrawing.
One thing removal cannot do: recover LP you already burned. A burn destroys the claim permanently, which is covered on the LP burn page and in why a burned position still shows liquidity.
Removing PancakeSwap liquidity FAQ
How do I remove liquidity from PancakeSwap?
Connect the wallet that holds the LP tokens on BNB Smart Chain mainnet, paste the PancakeSwap V2 pool address, then enter how much LP to redeem or use the 50% and MAX shortcuts. Choose whether to receive native BNB or WBNB, set a slippage tolerance, approve the LP allowance if needed, and confirm. The two underlying tokens are sent to your wallet. The service fee is 0.05 BNB plus gas.
Will I get back exactly what I deposited?
Almost never, and that is how the mechanism works rather than a fault. A withdrawal returns your share of the pool's reserves as they stand at that moment, plus the trading fees accrued to that share. If the price moved, you receive more of the asset that fell and less of the one that rose, which is the effect usually called impermanent loss. A quiet pool with no trades returns close to the original amounts.
Can I withdraw only part of my liquidity?
Yes. LP tokens are divisible, so you can redeem any amount up to your balance and leave the rest in the pool earning fees. The 50% shortcut is there for exactly this. Partial withdrawals are separate transactions, so each one pays its own 0.05 BNB service fee and gas.
Should I receive BNB or WBNB?
It is a convenience choice with no price consequence. Pools hold WBNB, the wrapped ERC-20 form of BNB, because a pair needs two token contracts. Leaving the unwrap option on converts it back to native BNB in the same transaction, which is what you want if the next thing you do is pay gas. Turn it off if you are heading straight into another pool or a contract that expects WBNB.
What if I burned my LP tokens?
Then that liquidity cannot be withdrawn by anyone, including you. Burning sends the LP to an address nobody controls, which permanently destroys the claim on those reserves. That is the entire point of a burn as a trust signal, and it is the reason the burn tool asks for an explicit confirmation. Only LP you still hold can be redeemed here.
Why does the pool show liquidity I cannot withdraw?
Because a pool's reserves belong to everyone who holds its LP tokens, not only to you. Your withdrawal is limited to your own LP balance's share. Other holders, including anyone who bought LP or received it from you, control the rest, and burned LP corresponds to reserves no one can ever pull out.