Comparison of DODO vs Bakeryswap [ 2024 ]

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

Your expert: Alejandro Borja

dodo

DODO

  • Threenvest valuation: 4,3/5
  • Network: Ethereum
  • Security: High 4,4/5
  • Earns: Yes
Go exchange

Your expert: Xavier Tarrasó

bakeryswap

Bakeryswap

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

Main points

Fees

0,30%
NFTs
Yes

Native token

Token DODO
0,30%

Fees

Yes
NFTs
Token BAKE
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

4.3 – Low transaction fees and efficient trading with the Proactive Market Maker (PMM) model.
4.2 – Generally low fees on the Binance Smart Chain, making it affordable for most users.

Level

0,30%
0,30%

Brief explanation

DODO Exchange operates with a simple and transparent fee structure. It charges a flat fee of 0.3% for all trading transactions, regardless of whether you are a maker or a taker. This fee is considered competitive within the decentralized exchange (DEX) space. In addition to trading fees, users will also incur network fees, which are standard charges paid to the miners of the relevant blockchain (e.g., Ethereum). Importantly, DODO does not impose additional transfer or withdrawal fees beyond these network fees. This makes DODO an attractive option for traders looking to minimize costs associated with trading and asset transfer. Citations Information on trading fees: DODO charges a flat fee of 0.3% for all buy and sell transactions, with network fees also applying​​. Additional details on fee structure and network fees: DODO does not impose transfer or withdrawal fees other than the network fees, which vary based on network pressure​​.
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.

DODO

dodo
Read dodo review
  • Security Methods: DODO ensures that users retain control over their private keys when trading, minimizing the risk of asset theft. The decentralized nature of the platform inherently reduces security risks associated with centralized exchanges.
  • Reputation and Reviews: Since its inception, DODO has garnered positive feedback for its innovative PMM protocol and user-friendly interface. The platform has built a reputation for being a forward-thinking player in the DeFi space
  • Transparency: DODO operates with a high level of transparency, providing detailed documentation and open communication about its operations, updates, and improvements. This openness builds trust among its users.
  • Trading Volume and Liquidity: With the PMM protocol, DODO offers high liquidity compared to many other DEXs, facilitating efficient and swift trades even for large orders, which contributes to its growing trading volume.
  • Withdrawal and Deposit Policies: DODO allows users to directly interact with their wallets for deposits and withdrawals, ensuring that they have full control over their funds without interference. This policy promotes both transparency and security.
  • Pros
  • High liquidity through PMM protocol.
  • No custody of user funds.
  • User-friendly interface for beginners.
  • Cons
  • Lower popularity than major DEXs.
  • Potentially vulnerable smart contracts.

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.

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Product selection

Native token

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

Earns

Yes, DODO offers liquidity mining, staking DODO tokens for rewards, and participating in crowdpooling events to earn returns.
Yes, BakerySwap provides EARN opportunities through staking BAKE tokens, yield farming, and earning rewards from participating in NFT staking.

NFT marketplace

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

Cripto/debit card

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

Company information

Full name

DODO (DODO Exchange)
BakerySwap

Regulation

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

Year founded

2020
2020

Founder

Diane Dai, Qi Wang, and Radar Bear
The founding team remains anonymous, typical of many decentralized projects on the Binance Smart Chain.

Payment methods

Transfers

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

Mastercard

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

Wire transfer

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

Card

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

Comparative table

DODO FEATURES Bakeryswap
DODO allows trading with relatively low minimums, making it accessible for users with small amounts of capital to start trading efficiently.
Minimum Trade
BakerySwap’s minimum trade size is very accommodating, allowing users to trade small amounts, which is ideal for newcomers testing the waters.
DODO’s fees are competitive within the DeFi space, utilizing a small percentage of each trade to facilitate liquidity and reward participants, keeping costs reasonable.
Trading and Transaction Fees
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.
While offering a variety of popular cryptocurrencies, DODO’s selection is less extensive compared to larger exchanges but is continuously expanding.
Number of Cryptocurrencies
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.
DODO supports a moderate range of crypto-to-crypto trading pairs, focusing on major and some minor pairs, with plans to add more as the platform grows.
Crypto-to-Crypto Trading Pairs
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.
The DODO website provides clear information about its operations, protocols, and fees, though it could offer more detailed insights into its liquidity sources and contract mechanics.
Website Transparency
Although BakerySwap operates under a DAO and offers some level of operational transparency, the anonymity of its founders and sparse project documentation deduct points.
DODO is primarily available on Ethereum and Binance Smart Chain, which covers a significant portion of the DeFi market but could expand to include more networks like Solana or Polkadot.
Credit/Debit Card
BakerySwap is available exclusively on the Binance Smart Chain, benefiting from its speed and low costs, though this limits users to BSC’s infrastructure.
As a decentralized exchange, DODO does not offer storage; users maintain control of their private keys at all times, trading directly from their wallets.
Storage Offering
As a decentralized exchange, BakerySwap does not offer custodial storage services; users must manage their own wallets and private keys.
DODO provides attractive staking opportunities and rewards for liquidity providers, with a PMM model that enhances yield potential compared to traditional AMMs.
Staking and Rewards
BakerySwap provides attractive staking and liquidity provider rewards through its DeFi mechanisms, offering users additional avenues to earn from their holdings.
The DODO website is user-friendly and informative, designed to assist users in navigating and utilizing the exchange effectively, with ongoing updates to improve user experience.
Mobile App and Desktop
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.
Customer support is limited primarily to community-based channels such as Discord and Telegram, with no direct customer service hotline or email support.
Customer Service
Customer support is limited; while the platform offers basic support channels, it lacks the robust support services found on more established exchanges.
Deposits and withdrawals are executed directly through users’ wallets, providing a high level of security and control over funds, although the process relies heavily on network performance.
Deposit and Withdraw
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.

Key features

Analysis tools

Proactive Market Maker (PMM) model, real-time price charts, liquidity pool analytics, and slippage protection.
Basic charts, liquidity pool analytics, farming yield calculators, and token statistics.

Mobile APP

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

Security

DODO uses Proactive Market Maker (PMM) algorithms to enhance trading efficiency and security. The platform has undergone multiple security audits and continuously works on improving smart contract safety to protect user funds.
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.

Additional features

DODO offers Initial DODO Offerings (IDO) for new projects, customizable liquidity pools, and a crowdpooling mechanism that allows projects to raise liquidity in a fair manner.
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.

Anonymity

Yes, DODO permits anonymous trading through wallet connections without the need for personal identification.
Yes, BakerySwap allows anonymous usage as it operates purely on the Binance Smart Chain through wallet connections, without requiring personal information.

Key points

Available cryptocurrencies

Ethereum (ETH), Bitcoin (BTC), DODO (DODO), Tether (USDT), USD Coin (USDC), and numerous ERC-20 tokens.
Binance Coin (BNB), BakeryToken (BAKE), Ethereum (ETH), Bitcoin (BTC), Tether (USDT), and various BEP-20 tokens.

User-friendliness

DODO provides a straightforward user experience with its unique Proactive Market Maker (PMM) model, which helps in efficient and cost-effective trading. The platform is intuitive, but understanding the PMM concept might require a learning curve for those new to DeFi.
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.

Value for money

DODO provides good value with its low transaction fees and efficient Proactive Market Maker (PMM) model, which reduces price slippage. The platform’s flexible liquidity pools and innovative features offer a cost-effective trading experience.
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.

Countries of operation

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

Best for

Perfect for cost-conscious traders who value efficient trading with low slippage. Its innovative Proactive Market Maker (PMM) model is particularly beneficial for those who want to provide liquidity and earn rewards with better price stability.
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.

Account

Trading

DODO is known for its proactive market-making algorithm, which enhances liquidity and reduces slippage. The platform supports a variety of tokens and offers a user-friendly interface. However, DODO’s trading volume is relatively lower compared to larger DEXes like Uniswap, which can affect liquidity during high volatility.
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.

Deposit and withdrawal

DODO allows users to trade directly from their wallets without needing to deposit funds onto the platform. This model keeps funds secure but requires users to handle transaction fees for each trade. DODO supports multiple wallets, including MetaMask and WalletConnect, making it versatile but reliant on the user’s wallet management.
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.

Account opening process

DODO simplifies the account setup by enabling users to trade directly from their wallets without creating an account. Supported wallets include MetaMask and WalletConnect. This method provides a seamless and secure trading experience but requires users to handle their own wallet security and transaction fees.
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.

KYC required?

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

Customer Service

DODO offers customer support through community forums, social media channels, and a comprehensive help center on their website. Users can access detailed guides and FAQs to resolve common issues. The reliance on community and self-help resources may be less effective for users seeking immediate or personalized support.
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.

Security

DODO uses Proactive Market Maker (PMM) algorithms to enhance trading efficiency and security. The platform has undergone multiple security audits and continuously works on improving smart contract safety to protect user funds.
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.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As an expert on our website, I highly recommend DODO for users who are looking for innovative liquidity solutions and efficient trading with minimal slippage. Its Proactive Market Maker (PMM) protocol significantly enhances the trading experience by ensuring better pricing and reduced impermanent loss. However, prospective users should be aware of the platform’s relatively limited customer support and the current range of available cryptocurrencies. For those interested in exploring advanced DeFi features and participating in liquidity provision, DODO offers a compelling, user-centric platform that’s definitely worth considering.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

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.

View all comparisons against dodo

View all comparisons against bakeryswap

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.

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Comparison of DODO vs Bakeryswap [ 2024 ]

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