Comparison of DODO vs Morpher [ 2024 ]

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

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 DODO
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

4.3 – Low transaction fees and efficient trading with the Proactive Market Maker (PMM) model.
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

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​​.
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​​.

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.

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

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Product selection

Native token

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

Earns

Yes, DODO offers liquidity mining, staking DODO tokens for rewards, and participating in crowdpooling events to earn returns.
Yes, Morpher offers EARN opportunities by staking MPH tokens and participating in their synthetic asset trading rewards program.

NFT marketplace

No, DODO does not have an NFT marketplace.
No, Morpher does not have an NFT marketplace.

Cripto/debit card

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

Company information

Full name

DODO (DODO Exchange)
Morpher

Regulation

No, DODO 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

Diane Dai, Qi Wang, and Radar Bear
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, DODO 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, DODO 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, DODO 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

DODO FEATURES Morpher
DODO allows trading with relatively low minimums, making it accessible for users with small amounts of capital to start trading efficiently.
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.
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
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 offering a variety of popular cryptocurrencies, DODO’s selection is less extensive compared to larger exchanges but is continuously expanding.
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.
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
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.
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
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.
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
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, DODO does not offer storage; users maintain control of their private keys at all times, trading directly from their wallets.
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.
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
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 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
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 primarily to community-based channels such as Discord and Telegram, with no direct customer service hotline or email support.
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 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
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

Proactive Market Maker (PMM) model, real-time price charts, liquidity pool analytics, and slippage protection.
Advanced trading charts, synthetic asset analytics, price prediction tools, and historical trade data.

Mobile APP

No, DODO 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

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.
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

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.
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, DODO permits anonymous trading through wallet connections without the need for personal identification.
No, Morpher requires users to create an account with personal identification, thus not allowing anonymous account creation.

Key points

Available cryptocurrencies

Ethereum (ETH), Bitcoin (BTC), DODO (DODO), Tether (USDT), USD Coin (USDC), and numerous ERC-20 tokens.
Ethereum (ETH), Bitcoin (BTC), Morpher (MPH), and synthetic assets representing various real-world and crypto assets.

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.
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

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.
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, no specific country restrictions.
Available globally, no specific country restrictions.

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 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

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.
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

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.
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

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.
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

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.
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

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.
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 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 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 dodo

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.

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Comparison of DODO vs Morpher [ 2024 ]

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