Comparison of Bakeryswap vs Morpher [ 2024 ]

The best cryptocurrency exchanges compared by their commissions, products offered, security and much more. Here is the Bakeryswap vs Morpher comparison!

Your expert: Alejandro Borja

bakeryswap

Bakeryswap

  • Threenvest valuation: 4,2/5
  • Network: BSC
  • Security: High 4,4/5
  • Earns: Yes
Go exchange

Your expert: Xavier Tarrasó

morpher

Morpher

  • Threenvest valuation: 3,7/5
  • Network: Ethereum
  • Security: High 4,6/5
  • Earns: No
Go exchange

Main points

Fees

0,30%
NFTs
Yes

Native token

Token BAKE
0%

Fees

No
NFTs
Token MPH
Native token

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

Yes

Trading

No

Passive income

No

Buy and hold


Comparison of fees

Rating

4.2 – Generally low fees on the Binance Smart Chain, making it affordable for most users.
4.1 – No trading commissions, but users should be aware of synthetic asset pricing mechanisms and potential hidden costs.

Level

0,30%
0%

Brief explanation

BakerySwap’s fee structure is quite competitive and user-friendly. Trading on BakerySwap incurs relatively low fees, a common feature among exchanges on the Binance Smart Chain (BSC). The platform charges a 0.30% fee for each swap transaction, which is comparable to other decentralized exchanges. Of this, 0.25% is returned to liquidity providers as a reward, while the remaining 0.05% is used to buy back and burn BAKE tokens, which can help increase the token’s value over time. There are no deposit fees on BakerySwap, but users should be aware of the standard network fees associated with transferring assets on the BSC. Withdrawal fees are similarly low, reflecting the efficient nature of the BSC network. Overall, BakerySwap’s fee structure is designed to be cost-effective, making it an attractive option for traders looking to minimize their transaction costs while benefiting from the added utility of BAKE token incentives.
Morpher offers a unique and appealing commission structure, primarily highlighted by its zero trading fees. Unlike traditional exchanges that charge various fees per transaction, Morpher eliminates these costs entirely, making it highly attractive for active traders looking to maximize their profits. This zero-fee model is possible because Morpher leverages smart contracts on the Ethereum blockchain to facilitate trades, removing the need for intermediaries and their associated costs. However, users should be aware of deposit and withdrawal fees imposed by payment processors and blockchain networks. For instance, fiat deposits through services like PayPal and Advcash incur fees ranging from 3% to 5%. Crypto deposits on the Polygon, BNB Smart Chain, and Ethereum networks are generally free, but withdrawing funds involves gas fees. Specifically, Polygon withdrawals incur a flat fee of 100 MPH, while Ethereum withdrawals depend on the network’s gas fees at the time​​.

Bakeryswap

bakeryswap
Read bakeryswap review
  • Year Founded: BakerySwap was launched in 2020, during a significant rise in DeFi platforms, quickly establishing itself as a pioneer by integrating NFT capabilities on the Binance Smart Chain.
  • Number of Users: As of the last update, BakerySwap boasts a substantial user base with over 100,000 holders of its native BAKE token, demonstrating strong community support and utilization.
  • Security Methods: BakerySwap employs the Automated Market Maker (AMM) model, which enhances security by allowing users to trade directly from their wallets without the need for an intermediary, reducing the risk of hacks associated with traditional exchanges.
  • Reputation and Reviews: Gaining traction for its innovative approach and user-friendly interface, BakerySwap has garnered positive feedback from the community. Its integration of DeFi and NFT features on a less costly network has been particularly well-received.
  • Transparency: Despite the anonymity of its founders, BakerySwap operates under a decentralized autonomous organization (DAO) structure, which allows for community governance and decision-making, promoting transparency and user involvement in the platform's development and policy settings.
  • Pros
  • Low transaction fees, quick processing.
  • Innovative NFT and DeFi integration.
  • User-friendly, intuitive platform design.
  • Cons
  • Limited selection of tradable tokens.
  • Anonymity of founders raises concerns.

Morpher

morpher
Read Morpher review
  • Year Founded: Morpher was founded in 2018, establishing itself with a clear mission to innovate within the trading space by leveraging blockchain technology.
  • Number of Users: The platform has grown its user base significantly since its inception, indicating a strong and trusted community.
  • Security Methods: Morpher employs robust security measures, including smart contract audits and secure wallet integrations, ensuring the safety of user funds.
  • Transparency: Being a decentralized exchange, Morpher operates with complete transparency, with all transactions and smart contract operations being publicly verifiable on the Ethereum blockchain.
  • Customer Service: Morpher offers responsive customer service and comprehensive educational resources, aiding users in navigating the platform and understanding the intricacies of decentralized trading​​.
  • Pros
  • Zero trading fees
  • Infinite liquidity
  • 24/7 trading
  • Cons
  • Reliance on Ethereum network
  • High gas fees

Comparison sponsored by the best exchange

eToro

eToro Special Offer*

Earn up to 4.90% APY on uninvested cash with eToro USA.

Account Minimum

Get started with just $100.

And 1% fee on all cryptocurrency trades.

Read our eToro review here
etoro logotipo
Go to eToro

Direct link to the website

Product selection

Native token

Yes, the native token is BAKE.
Yes, the native token is MPH.

Earns

Yes, BakerySwap provides EARN opportunities through staking BAKE tokens, yield farming, and earning rewards from participating in NFT staking.
Yes, Morpher offers EARN opportunities by staking MPH tokens and participating in their synthetic asset trading rewards program.

NFT marketplace

Yes, BakerySwap has an NFT marketplace where users can buy, sell, and stake NFTs.
No, Morpher does not have an NFT marketplace.

Cripto/debit card

No, BakerySwap does not offer a debit card.
No, Morpher does not offer a debit card.

Company information

Full name

BakerySwap
Morpher

Regulation

No, BakerySwap is not regulated by any specific financial regulatory authority.
No, Morpher is not regulated by any specific financial regulatory authority.

Year founded

2020
2020

Founder

The founding team remains anonymous, typical of many decentralized projects on the Binance Smart Chain.
Martin Froehler and Denis Bystruev

Payment methods

Transfers

Deposits: Cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.
Deposits: Credit card, wire transfer, cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.

Mastercard

No, BakerySwap does not support direct deposits via Mastercard. It only allows transactions through wallet connections.
Yes, Morpher supports deposits via Mastercard directly through its platform.

Wire transfer

No, BakerySwap does not support direct deposits via wire transfer. It only allows transactions through wallet connections.
Yes, Morpher supports deposits via wire transfer directly through its platform.

Card

No, BakerySwap does not support direct deposits via credit card. It only allows transactions through wallet connections.
Yes, Morpher supports deposits via credit card directly through its platform.

Comparative table

Bakeryswap FEATURES Morpher
BakerySwap’s minimum trade size is very accommodating, allowing users to trade small amounts, which is ideal for newcomers testing the waters.
Minimum Trade
Morpher allows fractional trading, enabling users to start with minimal investment. This feature makes it accessible for beginners looking to enter the market with small amounts.
BakerySwap offers competitive low fees at 0.3% per transaction, with a portion going back to liquidity providers, making it cost-effective for frequent traders.
Trading and Transaction Fees
Morpher boasts zero trading fees, which is a significant advantage over many other exchanges. This fee structure allows traders to maximize their profits without worrying about additional costs eating into their returns.
While BakerySwap supports a variety of BEP-20 tokens, its range is limited compared to larger exchanges, focusing primarily on tokens within the Binance Smart Chain ecosystem.
Number of Cryptocurrencies
The platform supports a wide range of cryptocurrencies, providing ample opportunities for diversification. However, it is not as extensive as some of the leading exchanges that offer hundreds of options.
The platform offers a decent selection of crypto-to-crypto trading pairs, but it’s primarily limited to BEP-20 tokens, restricting broader crypto market access.
Crypto-to-Crypto Trading Pairs
While Morpher offers a variety of trading pairs, the selection is more limited compared to some larger exchanges that provide extensive pairing options between various cryptocurrencies.
Although BakerySwap operates under a DAO and offers some level of operational transparency, the anonymity of its founders and sparse project documentation deduct points.
Website Transparency
Morpher’s website is user-friendly and provides clear information about its services and fee structures. However, more detailed disclosures about its operational processes could enhance transparency.
BakerySwap is available exclusively on the Binance Smart Chain, benefiting from its speed and low costs, though this limits users to BSC’s infrastructure.
Credit/Debit Card
Morpher currently does not support direct credit/debit card deposits, which can be a limitation for users looking for quick and straightforward funding options.
As a decentralized exchange, BakerySwap does not offer custodial storage services; users must manage their own wallets and private keys.
Storage Offering
Morpher integrates with secure wallets and employs smart contract technology for trading, ensuring a high level of security for users’ funds. However, it does not offer its own proprietary wallet services.
BakerySwap provides attractive staking and liquidity provider rewards through its DeFi mechanisms, offering users additional avenues to earn from their holdings.
Staking and Rewards
The platform does not currently offer staking or rewards programs, which could be a disadvantage for users looking to earn passive income through their holdings.
The BakerySwap website is user-friendly and well-designed, providing easy navigation and accessibility for all levels of users, with integrated features for trading and staking.
Mobile App and Desktop
Morpher offers a robust mobile app and desktop platform that are both intuitive and feature-rich, providing a seamless trading experience across devices.
Customer support is limited; while the platform offers basic support channels, it lacks the robust support services found on more established exchanges.
Customer Service
Morpher provides responsive customer service and a comprehensive help center, but lacks 24/7 support, which can be a drawback for users in different time zones.
Deposits and withdrawals are handled directly through user wallets with no need for intermediary handling, providing a seamless process but with reliance on BSC for all transactions.
Deposit and Withdraw
While Morpher supports various deposit and withdrawal methods, including cryptocurrency transfers, the lack of credit/debit card options and potential delays during high network congestion can be seen as limitations.

Key features

Analysis tools

Basic charts, liquidity pool analytics, farming yield calculators, and token statistics.
Advanced trading charts, synthetic asset analytics, price prediction tools, and historical trade data.

Mobile APP

No, BakerySwap does not have a dedicated mobile app, but it can be accessed via mobile browsers.
Yes, Morpher has a mobile app available for both iOS and Android.

Security

BakerySwap benefits from the security features of the Binance Smart Chain, including regular audits and a strong focus on community-driven governance. However, users should remain cautious of potential risks inherent in DeFi protocols.
Morpher’s security is built around its unique trading model and blockchain infrastructure. The platform uses audited smart contracts and secure wallets to protect user funds, with a focus on transparency and safety in virtual trading.

Additional features

BakerySwap integrates NFTs, providing an NFT marketplace and NFT staking options. It also has gamified features like BakeryGallery for art, and BakerySwap Launchpad for new token launches.
Morpher offers synthetic asset trading, allowing users to trade real-world assets like stocks and commodities as well as cryptocurrencies. It also has a unique staking mechanism and reward system using the MPH token.

Anonymity

Yes, BakerySwap allows anonymous usage as it operates purely on the Binance Smart Chain through wallet connections, without requiring personal information.
No, Morpher requires users to create an account with personal identification, thus not allowing anonymous account creation.

Key points

Available cryptocurrencies

Binance Coin (BNB), BakeryToken (BAKE), Ethereum (ETH), Bitcoin (BTC), Tether (USDT), and various BEP-20 tokens.
Ethereum (ETH), Bitcoin (BTC), Morpher (MPH), and synthetic assets representing various real-world and crypto assets.

User-friendliness

BakerySwap offers an easy-to-navigate interface that caters well to beginners. It integrates various DeFi functionalities, including NFTs and staking, into a single platform. However, its wide range of features can be a bit confusing for new users who are only looking to trade cryptocurrencies.
Morpher provides a unique trading experience with its virtual trading pairs, which might be novel but slightly confusing for newcomers. The platform is user-friendly and designed to be accessible, but understanding its virtual trading concept might take some time for new users.

Value for money

BakerySwap is cost-effective, particularly for users looking to participate in DeFi beyond just trading, such as staking and NFTs. Its low transaction fees on the Binance Smart Chain (BSC) make it a budget-friendly option for diverse activities.
Morpher provides unique value with its commission-free trading and the ability to trade any asset at any time, thanks to its virtual trading pairs. While the concept might be new to some, its zero-fee structure offers significant cost savings for frequent traders.

Countries of operation

Available globally, primarily used in regions supporting Binance Smart Chain.
Available globally, no specific country restrictions.

Best for

Best suited for beginners and hobbyist investors interested in a variety of DeFi services, including staking, NFTs, and yield farming. Its low fees and gamified features make it attractive to users who want to explore more than just trading.
Best for traders who prefer commission-free trading and are interested in trading virtual pairs. Its innovative model appeals to those looking for a unique and flexible trading experience without the usual transaction costs.

Account

Trading

BakerySwap operates on the Binance Smart Chain and combines DeFi with NFTs, offering a unique trading experience. It provides lower transaction fees compared to Ethereum-based DEXes. Nonetheless, the liquidity can be lower for some trading pairs, affecting trade execution speed and price stability.
Morpher provides trading on its own blockchain, allowing for the trading of synthetic assets, including stocks and commodities. It offers unique trading options but lacks the direct token swaps found on traditional DEXes, making it more suitable for traders looking for diverse asset exposure rather than pure crypto trading.

Deposit and withdrawal

BakerySwap on the Binance Smart Chain offers seamless wallet integration for deposits and withdrawals, with low transaction fees compared to Ethereum-based platforms. Users need to connect a BSC-compatible wallet, such as MetaMask or Trust Wallet, to trade. The process is user-friendly but depends on the user’s ability to manage their private keys.
Morpher uses its own blockchain for trading, which involves depositing funds into the platform to trade synthetic assets. Users need to connect a compatible wallet for deposits and withdrawals. The platform’s unique structure offers diverse trading options but requires users to handle blockchain-specific fees and wallet management, which might be complex for beginners.

Account opening process

BakerySwap, built on the Binance Smart Chain, allows users to trade by connecting their BSC-compatible wallets like MetaMask or Trust Wallet. There is no need for account registration, making the process quick and straightforward. Users must ensure they have BNB for transaction fees and be comfortable managing their wallet’s private keys.
Morpher uses its own blockchain for trading synthetic assets. Users must connect a compatible wallet to deposit funds and start trading. The account setup is straightforward and quick, but the unique blockchain structure may require users to familiarize themselves with specific wallet management practices and transaction fees.

KYC required?

No, KYC is not mandatory for using the platform.
Yes, KYC is mandatory for using the platform.

Customer Service

BakerySwap provides customer support primarily through its community channels on social media platforms like Twitter, Telegram, and Discord. Additionally, users can find help via the documentation and FAQs on the BakerySwap website. This community-driven support can be quick and helpful but lacks the direct assistance some users might need.
Morpher offers support through its help center, which includes detailed guides, FAQs, and troubleshooting resources. Users can also engage with the community via social media channels. While these resources are useful, the absence of direct customer service might be challenging for users needing immediate and personalized assistance.

Security

BakerySwap benefits from the security features of the Binance Smart Chain, including regular audits and a strong focus on community-driven governance. However, users should remain cautious of potential risks inherent in DeFi protocols.
Morpher’s security is built around its unique trading model and blockchain infrastructure. The platform uses audited smart contracts and secure wallets to protect user funds, with a focus on transparency and safety in virtual trading.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As an expert on our website, I highly recommend BakerySwap for those interested in exploring the innovative world of decentralized finance, particularly within the Binance Smart Chain ecosystem. Its user-friendly interface, combined with low trading fees and unique offerings like NFT trading, make it an appealing option for both beginners and experienced users. However, potential users should consider the limited range of cryptocurrencies and the platform’s transparency before fully committing.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As an expert in crypto trading, I highly recommend Morpher for its innovative approach to trading with zero fees and infinite liquidity. It’s particularly suitable for beginners due to its fractional trading feature, which allows you to start with a minimal investment. However, be mindful of the potential delays and high gas fees during periods of network congestion on the Ethereum blockchain. Overall, Morpher’s user-friendly interface and wide range of assets make it a strong choice for new and experienced traders alike.

View all comparisons against bakeryswap

View all comparisons against Morpher

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong, any exchange can have problems.

Neither Threenvest, nor the author, are recommending you to invest with this article.

More comparatives Bakeryswap and Morpher

Comparison of Bakeryswap vs Morpher [ 2024 ]

We help you invest in the crypto market in the safest way possible.

Tools

Crytpo broker reviews

Crypto exchange reviews

Crypto decentralized exchange reviews

Find my crypto exchange

Crypto news podcats

Crypto guide

Pillar content

Crypto exchanges compare

Crypto decentralized exchanges compare

Crypto brokers compare

Best crypto brokers

Best crypto exchanges

Best Decentralized Crypto Exchanges

About Our Business

Diversity and Inclusion Commitment

Who Are We?

Threenvest Editorial Team

Leadership at Threenvest

How We Make Money

Corporate Impact

Get to know us

About Our Standards

Our Star Methodology

Financial Review Board

Editorial Policy

Our Team

Legal

Supplier Code of Conduct

Privacy Preferences

Privacy Policy

Cookie Policy

Terms of Use

Contact

Our profit model

Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.

Linkedin
Help us with a Truspilot review

© All rights reserved 2025 | Threenvest I/S