Comparison of Pancakeswap vs Morpher [ 2024 ]

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

Your expert: Alejandro Borja

Pancakeswap

Your expert: Xavier Tarrasó

Morpher

Main points

Fees

0,25%

NFTs

Yes

Native token

Token CAKE

Fees

NFTs

Token MPH

Native token

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

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.

4.1 – No trading commissions, but users should be aware of synthetic asset pricing mechanisms and potential hidden costs.

Level

0,25%

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.

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.

Pancakeswap

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.

Morpher

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.

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Product selection

Native token

Yes, the native token is CAKE.

Yes, the native token is MPH.

Earns

Yes, PancakeSwap offers various EARN methods including staking CAKE tokens, yield farming, and participating in Syrup Pools for additional token rewards.

Yes, Morpher offers EARN opportunities by staking MPH tokens and participating in their synthetic asset trading rewards program.

NFT marketplace

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

No, Morpher does not have an NFT marketplace.

Cripto/debit card

No, PancakeSwap does not offer a debit card.

No, Morpher does not offer a debit card.

Full name

PancakeSwap

Morpher

Regulation

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

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

Year founded

2020

Founder

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

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, PancakeSwap 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, PancakeSwap 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, PancakeSwap 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

Pancakeswap	FEATURES	Morpher
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	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.
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	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 BEP-20 tokens, its selection is less diverse compared to multi-chain DEXs, limiting exposure to a broader range of assets.	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.
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	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 website provides essential information; however, the anonymity of the founders and specifics about operational strategies could be better detailed.	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.
PancakeSwap is limited to the Binance Smart Chain, restricting access to other popular networks like Ethereum, which may alienate some users.	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 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	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.
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	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 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	Morpher offers a robust mobile app and desktop platform that are both intuitive and feature-rich, providing a seamless trading experience across devices.
Customer service is primarily community-driven, accessible through social media and forums, which can vary in responsiveness and professionalism.	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 user-controlled wallets, offering high autonomy but requiring some technical knowledge for new users.	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

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

Advanced trading charts, synthetic asset analytics, price prediction tools, and historical trade data.

Mobile APP

No, PancakeSwap 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

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.

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

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.

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, PancakeSwap supports anonymous trading through wallet connections on the Binance Smart Chain.

No, Morpher requires users to create an account with personal identification, thus not allowing anonymous account creation.

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), Morpher (MPH), and synthetic assets representing various real-world and crypto assets.

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.

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

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.

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, 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.

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

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.

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

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.

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

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.

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

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.

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

Which of these exchanges is for you?

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 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 pancakeswap

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.

More comparatives Pancakeswap and Morpher

Comparison of Pancakeswap vs Morpher [ 2024 ]

Comparison of Pancakeswap vs Morpher [ 2024 ]

Pancakeswap

Morpher

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

Pancakeswap

Morpher

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Company information

Full name

Regulation

Year founded

Founder

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Minimum Trade

Trading and Transaction Fees

Number of Cryptocurrencies

Crypto-to-Crypto Trading Pairs

Website Transparency

Credit/Debit Card

Storage Offering

Staking and Rewards

Mobile App and Desktop

Customer Service

Deposit and Withdraw

Key features

Analysis tools

Mobile APP

Security

Additional features

Anonymity

Key points

Available cryptocurrencies

User-friendliness

Value for money

Countries of operation

Best for

Account

Trading

Deposit and withdrawal

Account opening process

KYC required?

Customer Service

Security

Which of these exchanges is for you?

How do we review crypto exchanges?

Risk Disclaimer

More comparatives Pancakeswap and Morpher

Comparison of Pancakeswap vs Morpher [ 2024 ]