Nexo

Bake vs Coinbase

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

Coinbase Logo

Coinbase

Coinbase is one of the most popular centralized crypto exchanges. Coinbase Earn is Coinbase's interest-bearing product. They offer staking-as-a-service on supported assets and, more specifically, interest on USDC (Circle), ETH and SOL. Coinbase...

Platform
Bake Platform
Coinbase Platform
Website
Bonus
$30 after $50 deposit
Get $20 after first trade
Token
DFI
Founded
2019
2012
Headquarters
Singapore
Wilmington, DE
Availability
Non-us
100+ countries

Cryptocurrency Rates

BTC Rate
2.5%
BTC Max
5%
ETH Rate
2.5%
2.01%
ETH Max
5%
LTC Rate
LTC Max
DOGE Rate
DOGE Max
Stablecoin Rate
6.5%
4.1%
Stablecoin Max

Fees & Financial

Compounding
Yes
No
Payouts
Weekly
Varies
Fees
Yes
Yes
Lockup
None
None
Maker Fee
0.5
Taker Fee
0.5
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
Coinbase Logo

Coinbase Pros

    • Full exchange functionality
    • Popular, highly trusted
    • Publicly traded company

Coinbase Cons