Bake

Bake

Bake (formerly Cake DeFi)
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About

Bake (formerly Cake DeFi) is a Singapore-based one-stop platform providing easy access to decentralized finance (DeFi) services and applications. Bake empowers customers to generate returns on their digital assets in a secure and transparent way. Bake combines the customer support and ease-of-use of centralized finance (CeFi) and the transparency and traceability of DeFi, shaping a superior CeDeFi experience for retail customers. For more information, please visit bake.io

About

Coinbase is the easiest place to buy, sell, and manage your cryptocurrency portfolio. Jump start your crypto portfolio with $30 in free Bitcoin after you sign up and make a $20 purchase. Terms apply. Discover how specific cryptocurrencies work — and get a bit of each crypto to try out for yourself. Coinbase has a variety of features that make it the best place to start trading. Buy and sell popular digital currencies, keep track of them in the one place. Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly. For added security, store your funds in a vault with time delayed withdrawals. Stay on top of the markets with the Coinbase app for Android or iOS. We store the vast majority of the digital assets in secure offline storage. Cryptocurrency stored on our servers is covered by our insurance policy. Coinbase supports a variety of the most popular digital currencies.

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Not Supported

Audience

Anyone who wants to put their cryptocurrency to work and earn interest by lending or staking

Audience

Anyone who wants to buy or sell cryptocurrency, linked with their bank account

Support

Phone Support Not Supported
24/7 Live Support Supported
Online Supported

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Not Supported

API

Offers API Supported

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Reviews/Ratings

Overall 4.5 / 5
ease 5.0 / 5
features 4.5 / 5
design 4.5 / 5
support 5.0 / 5

Reviews/Ratings

Overall 4.4 / 5
ease 4.8 / 5
features 4.8 / 5
design 4.7 / 5
support 4.2 / 5

Pros & Cons from Real Users

Pros

  • - Very easy to use (beginner friendly) - one-stop-solution for staking, liquidity mining and lending - staking DFI (native DeFiChain-Currency) at about 70% APY - staking DASH at about 5.4 % APY - liquidity ming (pairing DFI with BTC, LTC, ETH, Doge, USDT, USDC, BCH) at rates around 60% APR - iOS and Android mobile App - strong community - you can use staking and liquidty mining flexible or with a lock up ("freezer") for additional return - lending of BTC, ETH, USDT and USDC at 6-7 % APY
  • Easy to read and reliable rates. Great rate of return on BTC. Products range from instant liquidity, to locking up coins for 10 years. Very transparent, providing weekly and monthly email updates on yields. Great referral program too!

Cons

  • - you cannot swap DFI to BTC, ETH etc. directly on the platform. You have to do it by sending them to your DeFi-Wallet and swap them on the DEX (decentralised exchange); workaround: send your DFI to an exchange which has DFI listed (example KuCoin) and swop them there - quite high spread if you buy Crypto for fiat on Cake; better buy at KuCoin etc. and send Crypto to Cake Defi
  • Make sure you understand the different products as there is all kinds of risks and rewards for ever product.

Pros & Cons from Real Users

Pros

  • The things I liked the most about Coinbase were: 1- It has an excellent asset exchange system, which allows you to exchange your local currency for any other currency that exists around the world, in addition, you can also exchange CryptoCurrencies within that platform, you can exchange your local currency in question of seconds, and best of all, this system charges very few commissions in this currency exchange. 2- It allows you to make payments to any email address in a matter of seconds, you can transfer any type of assets within the platform to any other user just by using their wallet number or their email, the transfer of assets is immediate, not additional time must be waited for the availability of this money. 3- You can store NFT assets within your Coinbase wallet, this is completely important since you can store any type of non-fungible Asset within this wallet without paying additional fees for storing them. 4- You can link your bank account to this platform and start buying all kinds of CryptoCurrencies by pressing a button, you do not have to use the same type of debit card or additional payment methods, you can start buying and selling any type of asset within Coinbase.
  • Coinbase has been an exceptional service when it comes to storing large sums of money in a reliable way, that platform is using it for about three years, the main reason why they are used was because I wanted to keep my financial assets safe, this platform offered me the possibility of storing assets within the various wallets. One thing that I really liked about this platform is that it has the possibility to store NFT's within it, this platform offers me a section where I can store these non-expendable assets, which is fantastic since it helps that I don't have these assets. any type of loss and that they are stored safely. Another thing that I liked about this platform is the ability to easily exchange assets, I can exchange my local currency for any asset in the currency of another country or in Cryptocurrencies, it is very important since it allows me to exchange to any other currency or Crypto in a simple way and with very low commissions, it is important to highlight that this platform charges very few commissions when carrying out these currency conversations. Another positive aspect that can be found within this platform is regarding the general design, shape helps you to be able to position yourself correctly within it when handling it or when moving around within the different wallets. Again, your positive is that this platform takes very little time to correctly process money deposits, this platform allows you to deposit money from a debit or credit card, as well as using your bank account to make direct deposits, it only takes about five minutes to appear correctly in your Coinbase account, in addition, if you want to withdraw money within this platform, withdrawals are also processed quickly.
  • When I first downloaded Coinbase, I was a newbie in the crypto space. After just a few minutes of navigating the app, it was very easy to use and understand. In fact, I made my first crypto investment in minutes.
  • East to use interface and secure transactions. Easy to move assets around and in or out of your wallet.
  • Good UI/UX and is quick. Easy to setup and use and has a wide variety of cryptocurrencies available for trading.

Cons

  • The things I don't like about this platform are: 1- Low profits, this platform offers a very high profitability in the asset staking system, this means that if you leave your files frozen within this wallet with the option of generating annual profitability, the annual profitability percentage is extremely low within this platform, as there are much better platforms out there today that offer much better annual rates of return. 2- The thanks of the assets are not managed in real time, which makes it difficult to visualize them at an updated price. The price of each asset takes a while to update every minute, you have to wait to be able to make a correct visualization of an asset's graph.
  • A negative effect that can be considered within this platform is with respect to the support service, it currently has no type of real-time support service, you cannot communicate with Coinbase support with an online chat, the only way to contact by email, and I must emphasize that contacting them through this means is quite late, since it takes a long time to answer the requirements. Another negative function of Coinbase is regarding the staking system that exists within this platform, this system is quite negative since it offers very few profits for its users, in addition, you must leave the coins frozen in that staking for a long time to receive a total profit percentage, therefore, I do not recommend Coinbase to use it as Staking.
  • In the beginning I was a little confused as to the difference between using Coinbase and Coinbase Pro app.
  • Higher fees come at a cost of security. But well worth the secure environment that Coinbase provides.
  • Customer support is extremely lacking. Challenge to even get a response from them beyond the automated donotreply emails.

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Company Information

Bake (formerly Cake DeFi)
Founded: 2019
Singapore
bake.io

Company Information

Coinbase
Founded: 2012
United States
coinbase.com

Alternatives

Alternatives

Cream

Cream

C.R.E.A.M. Finance

Categories

Crypto Savings Supported
Crypto Staking Supported
Yield Farms Supported

Categories

Integrations

Bitcoin Supported
Circle Supported
Ethereum Supported
Solana Supported
Botflex Not Supported
CCXT Pro Not Supported
CoinMarketCap Not Supported
Coinbase Commerce Not Supported
Coinbase One Card Not Supported
Crypkit Not Supported
Cryptohopper Not Supported
Cryptoworth Not Supported
Exponential DeFi Not Supported
Financial Tech Wiz Trading Journal Not Supported
Finaxus Not Supported
Fyn Not Supported
MemberMouse Not Supported
Mudrex Not Supported
Viktury Not Supported
XS Trade Not Supported

Integrations

Bitcoin Supported
Circle Supported
Ethereum Supported
Solana Supported
Botflex Supported
CCXT Pro Supported
CoinMarketCap Supported
Coinbase Commerce Supported
Coinbase One Card Supported
Crypkit Supported
Cryptohopper Supported
Cryptoworth Supported
Exponential DeFi Supported
Financial Tech Wiz Trading Journal Supported
Finaxus Supported
Fyn Supported
MemberMouse Supported
Mudrex Supported
Viktury Supported
XS Trade Supported
Claim Bake and update features and information
Claim Bake and update features and information
Claim Coinbase and update features and information
Claim Coinbase and update features and information