© All rights reserved 2024 | Threenvest I/S
Your expert: Alejandro Borja
Your expert: Xavier Tarrasó
Fees
Native token
Fees
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
Comparison sponsored by the best exchange
eToro
eToro Special Offer*
Earn up to 4.90% APY on uninvested cash with eToro USA.
Account Minimum
Get started with just $100.
And 1% fee on all cryptocurrency trades.
| Trader Joe | FEATURES | Bakeryswap |
|---|---|---|
|
The platform has a moderate minimum trade requirement, which can be a barrier for micro-traders but is manageable for most users. |
Minimum Trade |
BakerySwap’s minimum trade size is very accommodating, allowing users to trade small amounts, which is ideal for newcomers testing the waters. |
|
Fees are competitive with industry standards, making it a cost-effective option for frequent trading. |
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. |
|
Trader Joe offers a vast array of cryptocurrencies, catering to diverse trading preferences and strategies. |
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. |
|
A wide variety of trading pairs are available, though it may lack some less common pairs found on larger exchanges. |
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, it could improve in disclosing all operational and financial policies more clearly. |
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. |
|
Supports multiple networks, enhancing its functionality and user flexibility in transactions. |
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. |
|
Provides secure storage options, though it may not offer as many features as specialized wallet services. |
Storage Offering |
As a decentralized exchange, BakerySwap does not offer custodial storage services; users must manage their own wallets and private keys. |
|
Offers competitive staking options and rewards, although not the highest in the market. |
Staking and Rewards |
BakerySwap provides attractive staking and liquidity provider rewards through its DeFi mechanisms, offering users additional avenues to earn from their holdings. |
|
Trader Joe’s website is straightforward and functional, with a user-centric interface that emphasizes ease of navigation and access to trading tools. |
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 support is available but can be inconsistent. The platform provides basic support through FAQs and community forums rather than direct contact options. |
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 processed directly through the blockchain, offering users control over their transactions with network-dependent speeds and fees. |
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. |
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.
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.
We help you invest in the crypto market in the safest way possible.
Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.
© All rights reserved 2024 | Threenvest I/S