Comparison of Pancakeswap vs DODO [ 2024 ]

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

dodo

DODO

  • Threenvest valuation: 4,3/5
  • Network: Ethereum
  • 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 DODO
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.
4.3 – Low transaction fees and efficient trading with the Proactive Market Maker (PMM) model.

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​​.
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​​.

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.

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.

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Product selection

Native token

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

Earns

Yes, PancakeSwap offers various EARN methods including staking CAKE tokens, yield farming, and participating in Syrup Pools for additional token rewards.
Yes, DODO offers liquidity mining, staking DODO tokens for rewards, and participating in crowdpooling events to earn returns.

NFT marketplace

Yes, PancakeSwap has an NFT marketplace where users can trade NFTs and participate in NFT-related activities.
No, DODO does not have an NFT marketplace.

Cripto/debit card

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

Company information

Full name

PancakeSwap
DODO (DODO Exchange)

Regulation

No, PancakeSwap is not regulated by any specific financial regulatory authority.
No, DODO 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.
Diane Dai, Qi Wang, and Radar Bear

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, DODO 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, DODO 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, DODO does not support direct deposits via credit card. It only allows transactions through wallet connections.

Comparative table

Pancakeswap FEATURES DODO
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
DODO allows trading with relatively low minimums, making it accessible for users with small amounts of capital to start trading efficiently.
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
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.
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 offering a variety of popular cryptocurrencies, DODO’s selection is less extensive compared to larger exchanges but is continuously expanding.
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
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.
The website provides essential information; however, the anonymity of the founders and specifics about operational strategies could be better detailed.
Website Transparency
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.
PancakeSwap is limited to the Binance Smart Chain, restricting access to other popular networks like Ethereum, which may alienate some users.
Credit/Debit Card
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.
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, DODO does not offer storage; users maintain control of their private keys at all times, trading directly from their wallets.
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
DODO provides attractive staking opportunities and rewards for liquidity providers, with a PMM model that enhances yield potential compared to traditional AMMs.
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 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.
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 primarily to community-based channels such as Discord and Telegram, with no direct customer service hotline or email support.
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 executed directly through users’ wallets, providing a high level of security and control over funds, although the process relies heavily on network performance.

Key features

Analysis tools

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

Mobile APP

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

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.
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.

Anonymity

Yes, PancakeSwap supports anonymous trading through wallet connections on the Binance Smart Chain.
Yes, DODO permits anonymous trading through wallet connections without the need for personal identification.

Key points

Available cryptocurrencies

Binance Coin (BNB), PancakeSwap (CAKE), Ethereum (ETH), Bitcoin (BTC), Tether (USDT), and a wide range of BEP-20 tokens.
Ethereum (ETH), Bitcoin (BTC), DODO (DODO), Tether (USDT), USD Coin (USDC), and numerous ERC-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.
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.

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.
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.

Countries of operation

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

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.
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.

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.
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.

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.
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.

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.
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.

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.
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.

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.
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.

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 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.

View all comparisons against pancakeswap

View all comparisons against dodo

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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