Comparison of dYdX vs Bakeryswap [ 2025 ]

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

Your expert: Alejandro Borja

dYdX

  • Threenvest valuation: 4,4/5
  • Network: Ethereum
  • Security: High 4,7/5
  • 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

0,10%/0,05%
NFTs
Yes

Native token

Token DYDX
0,30%

Fees

Yes
NFTs
Token BAKE
Native token

Recommended for

Beginners

No

Trading

Yes

Passive income

Yes

Buy and hold

No
Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.0 – Competitive trading fees, especially for advanced trading features, but higher costs for gas fees on Layer 1.
4.2 – Generally low fees on the Binance Smart Chain, making it affordable for most users.

Level

0,10%/0,05%
0,30%

Brief explanation

dYdX employs a competitive fee structure that benefits both low-volume and high-volume traders. For trading, the platform uses a maker-taker fee model. Maker fees, for orders that rest on the order book and provide liquidity, range from 0% to 0.02%, while taker fees, for orders that remove liquidity, range from 0.05% to 0.1% based on trading volume. Notably, dYdX offers zero trading fees for users with a 30-day trading volume below $100,000​​. Additionally, holding the platform’s native DYDX token can earn users up to a 50% discount on trading fees​​. For withdrawals, there are no fees for standard transactions, but a 0.1% fee applies for fast withdrawals​​. There are no deposit fees, making dYdX a cost-effective choice for active traders​​.
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.

dYdX

Read dYdX review
  • Security methods: dYdX employs robust security protocols by enabling trading directly from users' wallets, ensuring that funds are not held on the exchange. This significantly mitigates the risk of hacks and unauthorized access.
  • Reputation and Reviews: dYdX has maintained a strong reputation in the decentralized finance community for providing advanced trading options with reliability. The platform is highly regarded in user reviews for its innovative approach and performance.
  • Transparency: As a decentralized platform, dYdX operates with a high level of transparency. Smart contracts that run the platform's operations are publicly available for auditing, providing clear insight into the mechanics of the exchange and fostering trust.
  • Trading volume and liquidity: dYdX supports substantial trading volumes, reflecting high liquidity which is crucial for executing large trades without significantly affecting the price. This also indicates a mature and active trading environment.
  • Year founded: Established in 2017, dYdX has several years of operation, during which it has continually developed and adapted to the evolving crypto market. This longevity contributes to its credibility and trustworthiness in the decentralized exchange space.
  • Pros
  • Advanced derivatives trading options available.
  • No intermediaries, enhanced security features.
  • Low transaction fees on Layer 2.
  • Cons
  • Complex for beginner traders.
  • Limited asset selection.

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 DYDX.
Yes, the native token is BAKE.

Earns

Yes, dYdX offers EARN opportunities mainly through staking DYDX tokens for staking rewards and liquidity provider incentives.
Yes, BakerySwap provides EARN opportunities through staking BAKE tokens, yield farming, and earning rewards from participating in NFT staking.

NFT marketplace

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

Cripto/debit card

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

Company information

Full name

dYdX Trading Inc.
BakerySwap

Regulation

No, dYdX is not regulated by any specific financial regulatory authority, although it operates under compliance with general regulations for financial products and services.
No, BakerySwap is not regulated by any specific financial regulatory authority.

Year founded

2017
2020

Founder

Antonio Juliano
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, dYdX 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, dYdX 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, dYdX 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

dYdX FEATURES Bakeryswap
dYdX allows relatively low minimum trades, suitable for both small and large investors, though not the lowest in the market.
Minimum Trade
BakerySwap’s minimum trade size is very accommodating, allowing users to trade small amounts, which is ideal for newcomers testing the waters.
dYdX offers highly competitive fee structures, especially on Layer 2, minimizing costs significantly for traders.
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.
The selection of cryptocurrencies is somewhat limited, focusing primarily on major assets which restricts diversity in trading.
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.
Offers a moderate range of crypto-to-crypto trading pairs, primarily focused on major cryptocurrencies, limiting options for altcoin traders.
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 platform excels in transparency, with open access to smart contracts and clear, public documentation of its operational protocols.
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.
dYdX operates primarily on Ethereum and has integrated Layer 2 solutions, enhancing speed and reducing costs, though it’s not available on multiple blockchains.
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 non-custodial exchange, dYdX allows users to maintain control over their private keys, though it doesn’t provide custody services itself.
Storage Offering
As a decentralized exchange, BakerySwap does not offer custodial storage services; users must manage their own wallets and private keys.
dYdX offers some staking options and rewards, mainly focused on liquidity providers, but it’s not as extensive or diverse as some might prefer.
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 dYdX website is user-friendly, well-designed, and offers all necessary information readily accessible, making it easy for users to navigate.
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 service is adequate with support channels available, but feedback suggests there could be improvements in response times and support reach.
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 efficiently handled via smart contracts, although options are limited to cryptocurrencies with no fiat support.
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

Advanced trading charts, order book depth, margin and leverage calculators, risk management tools, and historical trade data.
Basic charts, liquidity pool analytics, farming yield calculators, and token statistics.

Mobile APP

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

Security

dYdX emphasizes security through extensive smart contract audits, multi-signature wallets, and robust risk management tools. The platform also utilizes Layer 2 scaling solutions to provide secure and cost-effective transactions.
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

dYdX provides Layer 2 scaling for faster and cheaper transactions, insurance funds to protect traders from extreme losses, and perpetual contracts for advanced trading strategies.
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

No, dYdX typically requires identity verification, especially for advanced trading features and higher withdrawal limits, due to regulatory compliance.
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), dYdX (DYDX), Tether (USDT), USD Coin (USDC), and other popular ERC-20 tokens.
Binance Coin (BNB), BakeryToken (BAKE), Ethereum (ETH), Bitcoin (BTC), Tether (USDT), and various BEP-20 tokens.

User-friendliness

dYdX is designed for more experienced traders, offering advanced trading options like margin trading and perpetual contracts. While its user interface is clean and professional, the complexity of its trading tools might not be suitable for beginners.
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

dYdX delivers significant value, especially for advanced traders looking for margin trading and perpetual contracts. Despite being on Ethereum, its sophisticated tools and zero gas fees on Layer 2 trades make it a worthwhile investment for serious traders.
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, with some restrictions in countries like the US due to regulatory concerns.
Available globally, primarily used in regions supporting Binance Smart Chain.

Best for

Geared towards advanced traders and institutional investors who require sophisticated trading tools like margin trading and perpetual contracts. Its robust platform is ideal for those seeking high leverage and advanced order types.
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

dYdX stands out for its advanced trading features, including margin trading and perpetual contracts. It is built on Ethereum, providing a secure and decentralized trading environment. The platform is ideal for experienced traders but might be overwhelming for beginners due to its advanced tools and higher transaction fees.
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

dYdX supports Ethereum-based wallets like MetaMask for deposits and withdrawals. Users need to deposit funds into the platform to utilize advanced features like margin trading. While dYdX offers high security and control, Ethereum’s high gas fees can make the deposit and withdrawal process expensive, especially for smaller transactions.
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

To use dYdX, users connect their Ethereum-based wallets, such as MetaMask or Ledger. The platform requires a deposit of funds to enable trading features like margin and perpetual contracts. While the setup is straightforward and secure, new users might find the process complex due to Ethereum’s transaction fees and the need for initial deposits.
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?

Yes, KYC is mandatory for certain features and higher withdrawal limits.
No, KYC is not mandatory for using the platform.

Customer Service

dYdX provides support through its help center, which includes detailed documentation, FAQs, and troubleshooting guides. The platform also engages with its community via Discord and Twitter. While the available resources are thorough, the absence of direct customer service might be challenging for users needing quick, personalized assistance.
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

dYdX emphasizes security through extensive smart contract audits, multi-signature wallets, and robust risk management tools. The platform also utilizes Layer 2 scaling solutions to provide secure and cost-effective transactions.
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 interacting frequently with various trading platforms, I find dYdX to be an exceptional choice for traders looking to delve into advanced trading options like derivatives and leverage within a secure, decentralized environment. The platform’s robust security measures and transparency make it a trustworthy option. However, I recommend it primarily for seasoned traders due to its complexity and focus on advanced financial instruments. Newcomers to cryptocurrency trading might find simpler platforms more suitable to start with.
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.

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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.

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