Comparison of Uniswap vs Bakeryswap [ 2024 ]

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

Your expert: Alejandro Borja

Uniswap

Uniswap

  • Threenvest valuation: 4,5/5
  • Network: Ethereum
  • 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

0,30%
NFTs
No

Native token

Token UN
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

3.8 – High Ethereum gas fees can make transactions costly, despite the efficient AMM model.
4.2 – Generally low fees on the Binance Smart Chain, making it affordable for most users.

Level

0,30%
0,30%

Brief explanation

Uniswap charges a 0.3% fee for all swaps on the platform, which is distributed to liquidity providers as their incentive for supplying assets. Additionally, Uniswap offers four fee tiers depending on the stability of the trading pairs: 0.01% for very stable pairs, 0.05% for stable pairs, 0.3% for most pairs, and 1% for exotic pairs. These fees are set by liquidity providers and can vary based on market conditions and the risk associated with the pairs. It’s important to note that Uniswap itself does not collect these fees; they are entirely distributed to the liquidity providers. Users also need to pay Ethereum gas fees, which can be high during periods of network congestion, adding to the overall cost of transactions on Uniswap​​​​ .
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.

Uniswap

Uniswap
Read Uniswap review
  • Year Founded: Uniswap was established in 2018, making it one of the earlier decentralized exchanges (DEX) that pioneered the automated market maker (AMM) model. Its enduring presence and evolution in the crypto space contribute to its trustworthiness.
  • Security Methods: Uniswap employs rigorous security protocols typical of decentralized exchanges where users maintain control of their private keys. This non-custodial nature reduces the risk of exchange hacks and unauthorized access.
  • Trading Volume and Liquidity: Uniswap is renowned for its high trading volume and liquidity, which ensures that trades can be executed swiftly without substantial price impact. This robust liquidity is a critical factor in its popularity and user trust.
  • Reputation and Reviews: Over the years, Uniswap has maintained a strong reputation among users for its transparency and reliability. Positive reviews across various platforms highlight its ease of use and innovative approach to decentralized trading.
  • Transparency: Uniswap operates on an open-source protocol that allows anyone to review its code, contributing to a high level of transparency. This openness helps build trust as users can verify the functionality and security measures firsthand.
  • Pros
  • Highly decentralized trading platform.
  • No intermediary or custody risk.
  • Extensive range of Ethereum-based tokens.
  • Cons
  • High fees during network congestion.
  • Potential for significant price slippage.

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 UNI.
Yes, the native token is BAKE.

Earns

Yes, Uniswap provides EARN opportunities through liquidity mining, where users can earn fees by providing liquidity to various pools.
Yes, BakerySwap provides EARN opportunities through staking BAKE tokens, yield farming, and earning rewards from participating in NFT staking.

NFT marketplace

No, Uniswap does not have an NFT marketplace.
Yes, BakerySwap has an NFT marketplace where users can buy, sell, and stake NFTs.

Cripto/debit card

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

Company information

Full name

Uniswap Labs
BakerySwap

Regulation

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

Year founded

2018
2020

Founder

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

Payment methods

Transfers

Deposits: Credit card, wire transfer (via MoonPay or Transak), cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.
Deposits: Cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.

Mastercard

Yes, Uniswap supports deposits via Mastercard through third-party services like MoonPay or Transak.
No, BakerySwap does not support direct deposits via Mastercard. It only allows transactions through wallet connections.

Wire transfer

Yes, Uniswap supports deposits via wire transfer through third-party services like MoonPay or Transak.
No, BakerySwap does not support direct deposits via wire transfer. It only allows transactions through wallet connections.

Card

Yes, Uniswap supports deposits via credit card through third-party services like MoonPay or Transak.
No, BakerySwap does not support direct deposits via credit card. It only allows transactions through wallet connections.

Comparative table

Uniswap FEATURES Bakeryswap
Uniswap allows for very small trades, accommodating users who wish to trade minimal amounts, enhancing accessibility for all types of investors.
Minimum Trade
BakerySwap’s minimum trade size is very accommodating, allowing users to trade small amounts, which is ideal for newcomers testing the waters.
Uniswap charges a flat 0.3% per trade, which is competitive within the decentralized exchange landscape but can be higher compared to some centralized exchanges.
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.
Supports a wide array of ERC-20 tokens, providing extensive variety for traders seeking to explore different cryptocurrencies.
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.
Offers numerous trading pairs exclusively for crypto-to-crypto transactions, utilizing an automated liquidity protocol.
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 clear information about its processes and liquidity pools; however, some users may seek more detailed data on token metrics.
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.
Primarily operates on the Ethereum network, which may limit users exclusively looking for multi-chain interactions.
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 decentralized exchange, it does not offer custodial storage services, requiring users to manage their own wallets.
Storage Offering
As a decentralized exchange, BakerySwap does not offer custodial storage services; users must manage their own wallets and private keys.
Offers liquidity providers the chance to earn fees from trades involving their liquidity pools, but lacks direct staking rewards.
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 website is user-friendly and well-designed for trading with ample educational resources but could use enhancements in navigational aspects.
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.
Limited customer service options; support mainly available through community channels and documentation, not direct support lines.
Customer Service
Customer support is limited; while the platform offers basic support channels, it lacks the robust support services found on more established exchanges.
As a DEX, deposit and withdrawal processes are handled through user wallets without direct interaction with the platform, offering high flexibility but less guidance 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

Trading charts, liquidity pool analytics, historical price data, and transaction volume statistics.
Basic charts, liquidity pool analytics, farming yield calculators, and token statistics.

Mobile APP

No, Uniswap 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

Uniswap is renowned for its security, having undergone multiple high-profile audits and boasting a long track record of safe operation. Its decentralized nature and robust smart contracts provide a secure trading environment.
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

Uniswap V3 introduces concentrated liquidity, allowing liquidity providers to earn more fees with less capital. It also supports NFT positions and has an automated market maker (AMM) model for efficient trading.
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, Uniswap permits anonymous trading through wallet connections, without the need for personal information.
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

Ethereum (ETH), Bitcoin (BTC) through wrapped tokens (WBTC), Tether (USDT), USD Coin (USDC), Uniswap (UNI), and a vast range of ERC-20 tokens.
Binance Coin (BNB), BakeryToken (BAKE), Ethereum (ETH), Bitcoin (BTC), Tether (USDT), and various BEP-20 tokens.

User-friendliness

Uniswap is one of the most popular DEXs and is known for its simplicity and ease of use. The platform’s clean interface and straightforward swapping mechanism make it ideal for beginners, although high Ethereum gas fees can be a drawback.
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

Uniswap offers great value, particularly due to its user-friendly interface and extensive liquidity. However, high Ethereum gas fees can detract from its cost-effectiveness for smaller trades. Despite this, its efficient swapping and liquidity provisions are valuable.
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, no specific country restrictions.
Available globally, primarily used in regions supporting Binance Smart Chain.

Best for

Ideal for beginners due to its user-friendly interface and vast liquidity. It’s also a great choice for experienced traders who appreciate its pioneering role in the DeFi space and the broad range of tokens available for trading.
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

Uniswap is the largest and most well-known DEX on the Ethereum network, offering high liquidity and a vast selection of tokens. It pioneered the automated market maker model and continues to lead in innovation. However, high gas fees on Ethereum can be a barrier for smaller trades.
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

Uniswap operates on the Ethereum network, requiring users to connect Ethereum wallets such as MetaMask for deposits and withdrawals. While it offers a high level of security and control, Ethereum’s high gas fees can make transactions costly, especially for smaller trades. Users must manage their wallets and stay aware of fee fluctuations.
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

Uniswap, built on the Ethereum network, allows users to trade by connecting their Ethereum wallets like MetaMask. There is no need for account registration, ensuring user privacy and control. While the process is simple, users must handle their own wallet security and be aware of Ethereum’s potentially high 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

Uniswap relies on community support through forums, Discord, and social media, supplemented by comprehensive documentation and FAQs. This decentralized support model encourages user self-reliance but may not meet the needs of those seeking direct and personalized customer service.
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

Uniswap is renowned for its security, having undergone multiple high-profile audits and boasting a long track record of safe operation. Its decentralized nature and robust smart contracts provide a secure trading environment.
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 platform, I must point out Uniswap as an exemplary decentralized exchange for anyone looking to engage deeply with the crypto market. Its automated liquidity protocol is revolutionary, simplifying the trading process without needing traditional order books. For those interested in a vast array of ERC-20 tokens and providing liquidity to earn passive income, Uniswap is a platform that consistently leads in innovation and user empowerment in the DeFi space.
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 Uniswap

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 Uniswap and Bakeryswap

Comparison of Uniswap vs Bakeryswap [ 2024 ]

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