Comparison of Bakeryswap vs Orca [ 2024 ]

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

Your expert: Alejandro Borja

bakeryswap

Bakeryswap

  • Threenvest valuation: 4,2/5
  • Network: BSC
  • Security: High 4,4/5
  • Earns: Yes
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Your expert: Xavier Tarrasó

orca

Orca

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

Main points

Fees

0,30%
NFTs
Yes

Native token

Token BAKE
<0,10%

Fees

No
NFTs
Token ORCA
Native token

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.2 – Generally low fees on the Binance Smart Chain, making it affordable for most users.
4.6 – Low transaction fees on the Solana blockchain, making it very cost-effective.

Level

0,30%
<0,10%

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.
Orca operates on the Solana blockchain, allowing it to offer exceptionally low trading fees. Typically, each transaction on Orca incurs a fee of approximately $0.00001, thanks to Solana’s efficient and cost-effective network. This is significantly lower than the fees seen on many Ethereum-based exchanges. Orca’s fee structure is transparent and straightforward, with no hidden charges, ensuring that users understand exactly what they are paying.

Additionally, users can provide liquidity to Orca’s pools, earning a portion of the trading fees as rewards, further enhancing the appeal of this decentralized exchange.

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.

Orca

orca
Read orca review
  • Security Methods: Orca places a high priority on security by enabling users to trade directly from their wallets without ever taking custody of user funds. This non-custodial approach minimizes the risk of hacks and theft, a significant advantage over exchanges that store user funds.
  • Reputation and Reviews: Since its launch, Orca has built a solid reputation within the cryptocurrency community for its user-friendly interface and efficient trading. It is praised for its innovative features like the "Fair Price Indicator," which have received positive reviews for enhancing user trading experiences.
  • Transparency: Orca operates with a high level of transparency, particularly in how it handles transactions and interactions on the Solana blockchain. This openness is crucial in the decentralized finance space, where the clarity of operations builds trust among users.
  • Trading Volume and Liquidity: Orca has shown impressive trading volumes and liquidity, especially given its role within the rapidly growing Solana ecosystem. High liquidity not only facilitates better price stability but also enables users to execute large trades with minimal slippage, enhancing the overall trading experience.
  • Year Founded: Although relatively new, having been founded in 2021, Orca quickly adapted to market needs and integrated cutting-edge blockchain technology, demonstrating robust growth and innovation in a short period. This rapid development and adaptation are indicative of a platform that is responsive to the evolving digital asset market and user needs.
  • Pros
  • No KYC required, ensures anonymity.
  • User-friendly interface for beginners.
  • Low transaction fees on Solana.
  • Cons
  • Limited to Solana blockchain tokens.
  • Occasional network congestion issues.

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Product selection

Native token

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

Earns

Yes, BakerySwap provides EARN opportunities through staking BAKE tokens, yield farming, and earning rewards from participating in NFT staking.
Yes, Orca provides EARN opportunities through yield farming, staking ORCA tokens, and participating in double-dip pools for dual rewards.

NFT marketplace

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

Cripto/debit card

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

Company information

Full name

BakerySwap
Orca

Regulation

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

Year founded

2020
2021

Founder

The founding team remains anonymous, typical of many decentralized projects on the Binance Smart Chain.
Grace “Ori” Kwan and Yutaro “Rawfal” Mori

Payment methods

Transfers

Deposits: Cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.
Deposits: Cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.

Mastercard

No, BakerySwap does not support direct deposits via Mastercard. It only allows transactions through wallet connections.
No, Orca does not support direct deposits via Mastercard. It only allows transactions through wallet connections.

Wire transfer

No, BakerySwap does not support direct deposits via wire transfer. It only allows transactions through wallet connections.
No, Orca does not support direct deposits via wire transfer. It only allows transactions through wallet connections.

Card

No, BakerySwap does not support direct deposits via credit card. It only allows transactions through wallet connections.
No, Orca does not support direct deposits via credit card. It only allows transactions through wallet connections.

Comparative table

Bakeryswap FEATURES Orca
BakerySwap’s minimum trade size is very accommodating, allowing users to trade small amounts, which is ideal for newcomers testing the waters.
Minimum Trade
Orca allows users to trade with relatively low minimums, suitable for beginners wanting to start with smaller 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
Orca offers competitive low fees on transactions, leveraging Solana’s low-cost structure to benefit users.
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
Limited primarily to SPL tokens, Orca’s selection is growing but still less extensive compared to multi-chain DEXs.
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
Offers a solid range of trading pairs within the Solana ecosystem, though limited outside of it.
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
High transparency with clear information on trading mechanics and fee structures directly on their website.
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
Currently operates solely on the Solana network, which may be restrictive for users seeking multi-chain options.
As a decentralized exchange, BakerySwap does not offer custodial storage services; users must manage their own wallets and private keys.
Storage Offering
As a non-custodial DEX, Orca does not offer storage; users maintain control of their private keys.
BakerySwap provides attractive staking and liquidity provider rewards through its DeFi mechanisms, offering users additional avenues to earn from their holdings.
Staking and Rewards
Provides opportunities for staking and earning rewards, enhancing the profitability for liquidity providers.
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
The website is user-friendly, well-designed, and easy to navigate, making trading straightforward for all users.
Customer support is limited; while the platform offers basic support channels, it lacks the robust support services found on more established exchanges.
Customer Service
Customer support is available, but as a decentralized platform, it may not be as robust as services offered by centralized exchanges.
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
Instant and direct from user wallets, Orca facilitates seamless deposits and withdrawals without holding user funds.

Key features

Analysis tools

Basic charts, liquidity pool analytics, farming yield calculators, and token statistics.
Basic trading charts, price tracking, liquidity pool analytics, and transaction history.

Mobile APP

No, BakerySwap does not have a dedicated mobile app, but it can be accessed via mobile browsers.
No, Orca does not have a dedicated mobile app, but it can be accessed via mobile browsers.

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.
Orca operates on the Solana blockchain, known for its high security and low transaction costs. The platform has undergone security audits and emphasizes transparency and community trust.

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.
Orca features an innovative Fair Price Indicator to ensure users get the best rates, a user-friendly token swap interface, and double-dip pools where users can earn rewards in two tokens simultaneously.

Anonymity

Yes, BakerySwap allows anonymous usage as it operates purely on the Binance Smart Chain through wallet connections, without requiring personal information.
Yes, Orca allows users to trade anonymously by connecting their wallets, without requiring personal information.

Key points

Available cryptocurrencies

Binance Coin (BNB), BakeryToken (BAKE), Ethereum (ETH), Bitcoin (BTC), Tether (USDT), and various BEP-20 tokens.
Solana (SOL), Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Tether (USDT), and various SPL tokens on the Solana network.

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.
Orca stands out for its simplicity and ease of use, making it a great choice for beginners. The platform’s intuitive interface and focus on user experience make trading straightforward and accessible, although its feature set is less comprehensive compared to more advanced platforms.

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.
Orca offers excellent value for money with its low transaction fees on the Solana blockchain, ensuring fast and inexpensive trades. The platform’s emphasis on simplicity and cost-efficiency makes it highly attractive to budget-conscious users.

Countries of operation

Available globally, primarily used in regions supporting Binance Smart Chain.
Available globally, focusing on regions supporting Solana.

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.
Designed for beginners and intermediate traders who prioritize ease of use and low fees. Its straightforward interface and quick transaction times make it a great choice for those new to DeFi and the Solana ecosystem.

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.
Orca is a user-friendly DEX on the Solana blockchain, offering low transaction fees and fast trade execution. It provides a simple interface suitable for beginners and experienced traders alike. However, its trading pair selection is currently limited compared to more established DEXes.

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.
Orca, operating on the Solana blockchain, benefits from Solana’s low transaction fees and fast processing times. Users can connect Solana-compatible wallets such as Phantom for seamless deposits and withdrawals. This makes trading on Orca cost-effective and quick, though the selection of supported wallets is less diverse compared to Ethereum-based DEXes.

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.
Orca on the Solana blockchain requires users to connect Solana-compatible wallets like Phantom to begin trading. The account setup is instantaneous, with no registration required, making it highly accessible. The platform’s simplicity and low transaction fees are appealing, though users must manage their wallet security.

KYC required?

No, KYC is not mandatory for using the platform.
No, KYC is not 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.
Orca, operating on the Solana blockchain, offers support through its official documentation, FAQs, and community channels like Discord and Twitter. While these resources are useful for troubleshooting, users who prefer direct support may find the lack of dedicated customer service challenging.

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.
Orca operates on the Solana blockchain, known for its high security and low transaction costs. The platform has undergone security audits and emphasizes transparency and community trust.

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 on our website, I highly recommend Orca for users looking to dive into decentralized trading on the Solana blockchain. Its user-friendly interface, coupled with low transaction fees and robust security measures, makes it an excellent choice for both beginners and experienced traders. However, do bear in mind its limitation to Solana-based SPL tokens, which might restrict trading options compared to other multi-chain platforms.

View all comparisons against bakeryswap

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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 Orca

Comparison of Bakeryswap vs Orca [ 2024 ]

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