Nexo

Binance vs Bake

Binance Logo

Binance

Binance is the largest cryptocurrency exchange globally, offering a robust platform with competitive maker and taker fees that vary based on the user's VIP level. Discounts are available when using Binance Coin (BNB) to pay trading fees, reducing cos...

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
Binance Platform
Bake Platform
Website
Bonus
$30 after $50 deposit
Token
BNB
DFI
Founded
2017
2019
Headquarters
Malta
Singapore
Availability
Worldwide, excluding US
Non-us

Cryptocurrency Rates

BTC Rate
0.28%
2.5%
BTC Max
5%
ETH Rate
2.59%
2.5%
ETH Max
5%
LTC Rate
0.45%
LTC Max
DOGE Rate
0.23%
DOGE Max
Stablecoin Rate
12.69%
6.5%
Stablecoin Max

Fees & Financial

Compounding
No
Yes
Payouts
Daily
Weekly
Fees
Yes
Lockup
Flexible
None
Maker Fee
0.1
Taker Fee
0.1
Binance Logo

Binance Pros

No pros listed

Binance Cons

No cons listed

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