Comparison of Trader Joe vs Orca [ 2024 ]

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

Your expert: Alejandro Borja

trader joe

Trader Joe

Your expert: Xavier Tarrasó

orca

Orca

Main points

Fees

0,30%
NFTs
Yes

Native token

Token JOE
<0,10%

Fees

No
NFTs
Token ORCA
Native token

Recommended for

Beginners

No

Trading

Yes

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.4 – Low fees on the Avalanche network, making it a cost-effective option for users.
4.6 – Low transaction fees on the Solana blockchain, making it very cost-effective.

Level

0,30%
<0,10%

Brief explanation

Trader Joe, a decentralized exchange on the Avalanche network, offers a competitive and transparent fee structure for its users. The platform charges a flat 0.3% fee on all trades, which is distributed as follows: 0.25% goes to liquidity providers, and 0.05% is allocated to JOE token farms. This structure incentivizes both liquidity provision and staking, ensuring that users who contribute to the ecosystem are rewarded.

Additionally, users benefit from the low transaction costs inherent to the Avalanche network, typically ranging from 1 to 5 cents per transaction, significantly lower than Ethereum-based exchanges​​.
Orca operates on the Solana blockchain, allowing it to offer exceptionally low trading fees. Typically, each transaction on Orca incurs a fee of approximately $0.00001, thanks to Solana’s efficient and cost-effective network. This is significantly lower than the fees seen on many Ethereum-based exchanges. Orca’s fee structure is transparent and straightforward, with no hidden charges, ensuring that users understand exactly what they are paying.

Additionally, users can provide liquidity to Orca’s pools, earning a portion of the trading fees as rewards, further enhancing the appeal of this decentralized exchange.

Trader Joe

Orca

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Product selection

Native token

Yes, the native token is JOE.
Yes, the native token is ORCA.

Earns

Yes, Trader Joe offers EARN methods such as staking JOE tokens, yield farming, and lending/borrowing through Banker Joe.
Yes, Orca provides EARN opportunities through yield farming, staking ORCA tokens, and participating in double-dip pools for dual rewards.

NFT marketplace

No, Trader Joe does not have an NFT marketplace.
No, Orca does not have an NFT marketplace.

Cripto/debit card

No, Trader Joe does not offer a debit card.
No, Orca does not offer a debit card.

Company information

Full name

Trader Joe
Orca

Regulation

No, Trader Joe is not regulated by any specific financial regulatory authority.
No, Orca is not regulated by any specific financial regulatory authority.

Year founded

2021
2021

Founder

0xMurloc and Cryptofish
Grace “Ori” Kwan and Yutaro “Rawfal” Mori

Payment methods

Transfers

Deposits: Cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.
Deposits: Cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.

Mastercard

No, Trader Joe does not support direct deposits via Mastercard. It only allows transactions through wallet connections.
No, Orca does not support direct deposits via Mastercard. It only allows transactions through wallet connections.

Wire transfer

No, Trader Joe does not support direct deposits via wire transfer. It only allows transactions through wallet connections.
No, Orca does not support direct deposits via wire transfer. It only allows transactions through wallet connections.

Card

No, Trader Joe does not support direct deposits via credit card. It only allows transactions through wallet connections.
No, Orca does not support direct deposits via credit card. It only allows transactions through wallet connections.

Comparative table

Trader Joe FEATURES Orca
The platform has a moderate minimum trade requirement, which can be a barrier for micro-traders but is manageable for most users.
Minimum Trade
Orca allows users to trade with relatively low minimums, suitable for beginners wanting to start with smaller amounts.
Fees are competitive with industry standards, making it a cost-effective option for frequent trading.
Trading and Transaction Fees
Orca offers competitive low fees on transactions, leveraging Solana’s low-cost structure to benefit users.
Trader Joe offers a vast array of cryptocurrencies, catering to diverse trading preferences and strategies.
Number of Cryptocurrencies
Limited primarily to SPL tokens, Orca’s selection is growing but still less extensive compared to multi-chain DEXs.
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
Offers a solid range of trading pairs within the Solana ecosystem, though limited outside of it.
The website provides essential information; however, it could improve in disclosing all operational and financial policies more clearly.
Website Transparency
High transparency with clear information on trading mechanics and fee structures directly on their website.
Supports multiple networks, enhancing its functionality and user flexibility in transactions.
Credit/Debit Card
Currently operates solely on the Solana network, which may be restrictive for users seeking multi-chain options.
Provides secure storage options, though it may not offer as many features as specialized wallet services.
Storage Offering
As a non-custodial DEX, Orca does not offer storage; users maintain control of their private keys.
Offers competitive staking options and rewards, although not the highest in the market.
Staking and Rewards
Provides opportunities for staking and earning rewards, enhancing the profitability for liquidity providers.
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 website is user-friendly, well-designed, and easy to navigate, making trading straightforward for all users.
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 available, but as a decentralized platform, it may not be as robust as services offered by centralized 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
Instant and direct from user wallets, Orca facilitates seamless deposits and withdrawals without holding user funds.

Key features

Analysis tools

Price charts, liquidity pool analytics, yield farming calculators, and trading volume statistics.
Basic trading charts, price tracking, liquidity pool analytics, and transaction history.

Mobile APP

No, Trader Joe does not have a dedicated mobile app, but it can be accessed via mobile browsers.
No, Orca does not have a dedicated mobile app, but it can be accessed via mobile browsers.

Security

Trader Joe leverages the Avalanche network’s security features, which include fast and secure transactions. The platform is audited and continuously monitored to ensure the safety of user funds and data.
Orca operates on the Solana blockchain, known for its high security and low transaction costs. The platform has undergone security audits and emphasizes transparency and community trust.

Additional features

Trader Joe features lending and borrowing through Banker Joe, decentralized leverage trading, a launchpad for new projects, and its native token, JOE, which can be staked for governance and rewards.
Orca features an innovative Fair Price Indicator to ensure users get the best rates, a user-friendly token swap interface, and double-dip pools where users can earn rewards in two tokens simultaneously.

Anonymity

Yes, Trader Joe allows users to trade anonymously by connecting their wallets, without personal identification requirements.
Yes, Orca allows users to trade anonymously by connecting their wallets, without requiring personal information.

Key points

Available cryptocurrencies

Avalanche (AVAX), Trader Joe (JOE), Ethereum (ETH), Bitcoin (BTC), Tether (USDT), and numerous Avalanche-based tokens.
Solana (SOL), Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Tether (USDT), and various SPL tokens on the Solana network.

User-friendliness

Trader Joe combines ease of use with a comprehensive set of DeFi tools. The platform is designed to be accessible for beginners while still offering advanced features for more experienced traders. Its intuitive design makes it a good starting point for new users.
Orca stands out for its simplicity and ease of use, making it a great choice for beginners. The platform’s intuitive interface and focus on user experience make trading straightforward and accessible, although its feature set is less comprehensive compared to more advanced platforms.

Value for money

Trader Joe combines low fees on the Avalanche network with a wide range of DeFi services, including staking and lending, providing significant value for money. Its comprehensive offerings and community rewards enhance its cost-effectiveness.
Orca offers excellent value for money with its low transaction fees on the Solana blockchain, ensuring fast and inexpensive trades. The platform’s emphasis on simplicity and cost-efficiency makes it highly attractive to budget-conscious users.

Countries of operation

Available globally, primarily used in regions supporting Avalanche.
Available globally, focusing on regions supporting Solana.

Best for

Suited for users who are looking to take advantage of a comprehensive DeFi ecosystem on the Avalanche network. Its wide range of services, from trading to lending and staking, appeals to both new and seasoned investors.
Designed for beginners and intermediate traders who prioritize ease of use and low fees. Its straightforward interface and quick transaction times make it a great choice for those new to DeFi and the Solana ecosystem.

Account

Trading

Trader Joe is a popular DEX on the Avalanche network, offering fast and cost-effective transactions. It has a comprehensive set of DeFi tools, including staking and lending. While it is great for Avalanche network users, it is less known outside this ecosystem, affecting its overall liquidity.
Orca is a user-friendly DEX on the Solana blockchain, offering low transaction fees and fast trade execution. It provides a simple interface suitable for beginners and experienced traders alike. However, its trading pair selection is currently limited compared to more established DEXes.

Deposit and withdrawal

Trader Joe on the Avalanche network supports deposits and withdrawals through Avalanche-compatible wallets like MetaMask and Avalanche Wallet. The network’s low fees and fast transactions make the process efficient. However, users need to manage their wallets and private keys, ensuring security and proper handling of transaction fees.
Orca, operating on the Solana blockchain, benefits from Solana’s low transaction fees and fast processing times. Users can connect Solana-compatible wallets such as Phantom for seamless deposits and withdrawals. This makes trading on Orca cost-effective and quick, though the selection of supported wallets is less diverse compared to Ethereum-based DEXes.

Account opening process

Trader Joe on the Avalanche network requires users to connect Avalanche-compatible wallets such as MetaMask or Avalanche Wallet to start trading. The setup is quick and does not involve creating an account, making it user-friendly. However, users need to manage their wallet security and transaction fees independently.
Orca on the Solana blockchain requires users to connect Solana-compatible wallets like Phantom to begin trading. The account setup is instantaneous, with no registration required, making it highly accessible. The platform’s simplicity and low transaction fees are appealing, though users must manage their wallet security.

KYC required?

No, KYC is not mandatory for using the platform.
No, KYC is not mandatory for using the platform.

Customer Service

Trader Joe on the Avalanche network offers support primarily through community channels like Discord and Twitter, as well as a help center with extensive documentation. While the community is active and supportive, users needing direct customer service might find the available support options limited.
Orca, operating on the Solana blockchain, offers support through its official documentation, FAQs, and community channels like Discord and Twitter. While these resources are useful for troubleshooting, users who prefer direct support may find the lack of dedicated customer service challenging.

Security

Trader Joe leverages the Avalanche network’s security features, which include fast and secure transactions. The platform is audited and continuously monitored to ensure the safety of user funds and data.
Orca operates on the Solana blockchain, known for its high security and low transaction costs. The platform has undergone security audits and emphasizes transparency and community trust.

Which of these exchanges is for you?

As a seasoned expert on our website, I highly recommend exploring Trader Joe as a decentralized crypto exchange. Its integration on the Avalanche blockchain ensures a seamless trading experience, which is pivotal for those interested in the burgeoning DeFi space. Additionally, Trader Joe distinguishes itself with its dual functionalities as both an exchange and an automated market maker. This unique combination offers users fluid liquidity options and trading pairs that are responsive to the market’s dynamic needs. Whether you’re looking to dive into decentralized finance or seeking a platform that offers robust trading capabilities, Trader Joe is a noteworthy option to consider.
As an expert on our website, I highly recommend Orca for users looking to dive into decentralized trading on the Solana blockchain. Its user-friendly interface, coupled with low transaction fees and robust security measures, makes it an excellent choice for both beginners and experienced traders. However, do bear in mind its limitation to Solana-based SPL tokens, which might restrict trading options compared to other multi-chain platforms.

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 Trader Joe and Orca

Comparison of Trader Joe vs Orca [ 2024 ]