Comparison of Pancakeswap vs Bakeryswap [ 2024 ]

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

Your expert: Alejandro Borja

pancakeswap

Pancakeswap

  • Threenvest valuation: 4,4/5
  • Network: BSC
  • Security: High 4,9/5
  • 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

0,25%
NFTs
Yes

Native token

Token CAKE
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

4.2 – Low fees on the Binance Smart Chain, affordable for most users, but some yield farming activities may incur higher costs.
4.2 – Generally low fees on the Binance Smart Chain, making it affordable for most users.

Level

0,25%
0,30%

Brief explanation

PancakeSwap operates with a straightforward fee structure designed to benefit its users and liquidity providers while maintaining the platform’s economic sustainability. The main commission on PancakeSwap is a flat 0.25% trading fee applied to all spot transactions. This fee is divided as follows: 0.17% is returned to liquidity providers as a reward, 0.03% goes to the PancakeSwap Treasury, and 0.05% is used for CAKE token buyback and burn initiatives​​. For perpetual futures trading, PancakeSwap charges 0.02% for maker orders and 0.07% for taker orders. Users who pay trading fees with CAKE tokens receive a 5% discount on these fees, resulting in effective rates of 0.019% for makers and 0.0665% for takers​​. PancakeSwap does not charge withdrawal fees beyond the mandatory network fees, which vary depending on network congestion. This fee structure is competitive within the decentralized exchange landscape, providing a cost-effective trading environment for users​​.
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.

Pancakeswap

pancakeswap
Read pancakeswap review
  • Year Founded: Launched in 2020, PancakeSwap quickly established itself as a leading DEX on the Binance Smart Chain, showcasing robust growth and innovation in a short period.
  • Number of Users: Boasting a large user base, PancakeSwap demonstrates widespread trust and adoption within the cryptocurrency community, enhancing its credibility and network strength.
  • Security Methods: PancakeSwap employs rigorous security protocols including smart contract audits and secure asset management practices, ensuring user funds are protected against unauthorized access and fraud.
  • Trading Volume and Liquidity: High trading volumes and liquidity indicate a healthy trading environment, reducing slippage and providing better price stability for users engaging in transactions.
  • Reputation and Reviews: Positive feedback and strong reviews from the crypto community underline its reliability and effectiveness as a decentralized exchange, reinforcing trust among current and potential users.
  • Pros
  • User-friendly interface.
  • Low transaction fees.
  • Fast transaction processing.
  • Cons
  • Limited to Binance Smart Chain.
  • Higher risk of phishing scams.

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 CAKE.
Yes, the native token is BAKE.

Earns

Yes, PancakeSwap offers various EARN methods including staking CAKE tokens, yield farming, and participating in Syrup Pools for additional token rewards.
Yes, BakerySwap provides EARN opportunities through staking BAKE tokens, yield farming, and earning rewards from participating in NFT staking.

NFT marketplace

Yes, PancakeSwap has an NFT marketplace where users can trade NFTs and participate in NFT-related activities.
Yes, BakerySwap has an NFT marketplace where users can buy, sell, and stake NFTs.

Cripto/debit card

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

Company information

Full name

PancakeSwap
BakerySwap

Regulation

No, PancakeSwap 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

The founding team remains anonymous, typical of many decentralized projects on the Binance Smart Chain.
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, PancakeSwap 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, PancakeSwap 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, PancakeSwap 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

Pancakeswap FEATURES Bakeryswap
The minimum trade amount is quite low, allowing users to make small transactions, which is ideal for new traders starting with limited capital.
Minimum Trade
BakerySwap’s minimum trade size is very accommodating, allowing users to trade small amounts, which is ideal for newcomers testing the waters.
PancakeSwap offers competitively low trading and transaction fees due to its operation on the Binance Smart Chain, which generally has lower costs than Ethereum.
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 BEP-20 tokens, its selection is less diverse compared to multi-chain DEXs, limiting exposure to a broader range of assets.
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.
Provides a solid range of crypto-to-crypto trading pairs, primarily focused on tokens within the Binance Smart Chain ecosystem.
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 website provides essential information; however, the anonymity of the founders and specifics about operational strategies could be better detailed.
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.
PancakeSwap is limited to the Binance Smart Chain, restricting access to other popular networks like Ethereum, which may alienate some users.
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 DEX, it does not offer custody services, relying on users to manage their wallets and keys, which can be a double-edged sword regarding security and ease of use.
Storage Offering
As a decentralized exchange, BakerySwap does not offer custodial storage services; users must manage their own wallets and private keys.
Offers excellent staking and reward options, including high-yield farming and pools, making it attractive for users looking to earn passive income.
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 PancakeSwap website is user-friendly with a playful design, making navigation easy and trading enjoyable, though it could include more educational resources.
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 primarily community-driven, accessible through social media and forums, which can vary in responsiveness and professionalism.
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 user-controlled wallets, offering high autonomy but requiring some technical knowledge for new users.
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

Price charts, liquidity pool analytics, yield farming calculators, and basic token statistics.
Basic charts, liquidity pool analytics, farming yield calculators, and token statistics.

Mobile APP

No, PancakeSwap 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

PancakeSwap relies on Binance Smart Chain’s security infrastructure and has undergone several audits by reputable firms. The platform also uses community governance to enhance security and trustworthiness.
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

PancakeSwap includes features such as lottery tickets, prediction markets, and IFOs (Initial Farm Offerings) for new projects, along with a robust community governance model using the CAKE token.
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, PancakeSwap supports anonymous trading through wallet connections on the Binance Smart Chain.
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

Binance Coin (BNB), PancakeSwap (CAKE), Ethereum (ETH), Bitcoin (BTC), Tether (USDT), and a wide range of BEP-20 tokens.
Binance Coin (BNB), BakeryToken (BAKE), Ethereum (ETH), Bitcoin (BTC), Tether (USDT), and various BEP-20 tokens.

User-friendliness

PancakeSwap is beginner-friendly, offering a simple interface and a wide range of functionalities, including liquidity pools and farming. The gamified elements and the large community support make it welcoming for new users, though its many features might initially seem overwhelming.
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

PancakeSwap provides great value with its low fees on the Binance Smart Chain and opportunities for earning through staking and yield farming. Its extensive range of features and community incentives make it a cost-effective choice for DeFi users.
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, primarily used in regions supporting Binance Smart Chain.
Available globally, primarily used in regions supporting Binance Smart Chain.

Best for

Suitable for a wide range of users, from beginners to experienced DeFi enthusiasts. Its low transaction costs, diverse earning opportunities through staking and farming, and user-friendly interface make it a versatile platform for all types of investors.
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

PancakeSwap is one of the leading DEXes on the Binance Smart Chain, known for its high liquidity and wide range of supported tokens. It offers features like yield farming and lottery, attracting a broad user base. Nevertheless, it still faces competition from Ethereum-based DEXes regarding token availability and security.
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

PancakeSwap facilitates deposits and withdrawals through Binance Smart Chain-compatible wallets like MetaMask, Trust Wallet, and Binance Chain Wallet. The low transaction fees on BSC make it cost-effective for users. The process is straightforward, but users must manage their private keys and ensure their wallets are secure.
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

PancakeSwap operates on the Binance Smart Chain and allows users to trade by connecting wallets such as MetaMask, Trust Wallet, or Binance Chain Wallet. No account registration is needed, facilitating quick access. Users need to handle their own wallet security and ensure they have BNB for 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

PancakeSwap’s customer service relies on its active community support via Telegram, Twitter, and other social media platforms. The platform also provides extensive documentation and FAQs. While the community is generally helpful, users seeking direct and immediate support may find this model insufficient.
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

PancakeSwap relies on Binance Smart Chain’s security infrastructure and has undergone several audits by reputable firms. The platform also uses community governance to enhance security and trustworthiness.
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 PancakeSwap for those venturing into the world of decentralized finance. Its user-friendly interface, coupled with low transaction fees and robust reward systems, makes it an excellent choice for both beginners and seasoned traders. However, be mindful of its limitations to the Binance Smart Chain and prepare to manage your own security through secure wallet practices.
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 pancakeswap

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.

More comparatives Pancakeswap and Bakeryswap

Comparison of Pancakeswap vs Bakeryswap [ 2024 ]

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