Phemex

AmberApp vs Bake

AmberApp Logo

AmberApp

AmberApp (formerly amber.) is a Bitcoin savings wallet. It offers DCA (dollar-cost averaging) tools and other automation that can help you easily acquire Bitcoin over time using your traditional bank account. AmberApp does not currently pay intere...

Bake Logo

Bake

Bake is a blended staking, lending and yield platform that makes it easy to start experimenting with DeFi products within a centralized platform. Bake does support Dogecoin, as part of a liquidity mining pool. Bake Platform Assets Lending

Platform
AmberApp Platform
Bake Platform
Website
Bonus
$10 BTC with first purchase
$30 after $50 deposit
Token
DFI
Founded
2017
2019
Headquarters
Australia
Singapore
Availability
Australia, majority of USA
Non-us

Cryptocurrency Rates

BTC Rate
2.5%
BTC Max
5%
ETH Rate
2.5%
ETH Max
5%
LTC Rate
LTC Max
DOGE Rate
DOGE Max
Stablecoin Rate
6.5%
Stablecoin Max

Fees & Financial

Compounding
No
Yes
Payouts
Weekly
Fees
Yes, flat transaction fee
Yes
Lockup
None
Maker Fee
Taker Fee
AmberApp Logo

AmberApp Pros

    • Instant buy, instant sell
    • Automated recurring purchases
    • EFT, Credit Card and PayID
    • USD withdrawals are free
    • Uses cold storage in a collaborative multi-signature setup for our custodial wallets

AmberApp Cons

    • Does not currently pay interest on holdings
    • Bitcoin withdrawals incur a flat 0.0003BTC (30,000 sats) transaction fee
Bake Logo

Bake Pros

    • Broad array of defi-like products and yield opportunities
    • Fully owned by both co-founders

Bake Cons

    • Products are more complex or require more lockup time than other platforms