Bakeryswap vs Ascendex: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Bakeryswap and Ascendex This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on September 11, 2025

Bakeryswap

Legal Name: BakerySwap (officially goes by the name of its platform)
Number of Cryptocurrencies: Over 50 tokens
Regulator: Unregulated (it's a decentralized exchange)
Founded: 2020
Verified & Secure

Ascendex

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Available Countries

United States

Yes

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Bakeryswap is ideal if:

You want low-fee, fast DeFi: BakerySwap runs on Binance Smart Chain and several other chains, offering cost-efficient, speedy transactions—notably cheaper and faster than Ethereum-based platforms.
You enjoy integrated DeFi + NFTs: It seamlessly blends decentralized exchange features with an NFT marketplace and themed "combo" staking pools, making it a one-stop hub for DeFi and collectibles.
You value governance and community input: Operates under a DAO structure with a deflationary token model, empowering BAKE holders to participate in decision-making and ecosystem shaping.

Ascendex is ideal if:

Versatile trader tools – Offers both beginner-friendly and pro-grade interfaces for spot, margin, futures, staking, copy trading, and yield farming.
Passive-earning focus – Multiple earning paths available (staking, DeFi yield, OTC, Invest programs), ideal if you want crypto to work for you passively.
Robust performance engine – High-throughput tech, advanced analytics, and mobile support make it ideal for active or institutional traders needing speed and reliability.

Bakeryswap isn’t ideal if:

You rely on fiat on-ramps or advanced order types: It’s purely a DeFi AMM DEX with no fiat deposits, no traditional order book, and lacks advanced trading tools.
You’re new to crypto and need handholding: There’s no direct customer support and the interface isn’t as beginner-friendly compared to some other platforms.
You seek broad token variety or deep liquidity: Token selection is limited, and liquidity can be thinner than on more established DEXs, which may affect trade execution.

Ascendex isn’t ideal if:

Regulatory uncertainty – Lacks formal licensing in many regions, meaning oversight and user protections may be limited.
Customer service concerns – Some users report slow or unhelpful support, particularly for withdrawals or issue resolution.
Past security breach – A significant hack occurred, which may worry users who prioritize platforms with a flawless security record.

Fees & Total Costs

Spot Maker/Take

BakerySwap uses a flat swap fee of 0.30% per transaction—there are no separate maker or taker tiers or volume discounts tied to trading volume or native token holdings.

Spot trading fees follow a tiered VIP structure based on your 30-day trade volume and holdings of the native ASD token; larger volume or ASD holdings unlock lower maker and taker rates, especially for major market-cap pairs.

Futures/Derivatives

BakerySwap does not offer futures or derivative instruments—only spot token swaps are available. Therefore, there are no maker/taker or funding fees applicable.

Futures (perpetual) trading uses its own VIP-based fee tiers—maker fees can be as low as around 0.02%, takers around 0.05%—and funding payments occur every eight hours to align perpetual contract prices with spot.

Average Spreads on Liquid Pairs

As an AMM-based decentralized exchange, BakerySwap doesn’t quote traditional spreads—instead, price differences stem from automated pool-based pricing and probable minimal slippage on highly liquid BEP-20 pairs.

Liquid pairs like BTC/USDT and ETH/USDT exhibit tight spreads thanks to deep order books and efficient matching, making execution cost minimal beyond standard fees.

Fiat Deposits & Withdrawals

BakerySwap does not support fiat currency—there are no deposit or withdrawal methods, fees, or wait times for euros, dollars, or other fiat, as it’s a purely crypto-native platform.

You can fund via credit/debit card or bank transfers through third-party processors; while deposits are quick, they may include a dynamic processing fee; withdrawal options and speeds depend on your local banking rails and chosen method.

On-chain Withdrawals

There are no platform-set withdrawal fees—users only pay standard network gas fees when transferring assets like BTC (via wrapped tokens), ETH, BNB, TRX, etc., depending on the network’s current demand.

BTC, ETH, TRX, etc.)

Hidden Costs

There are generally no hidden fees—no currency conversion fees, no inactivity fees, and no KYC express charges, as BakerySwap is decentralized and doesn’t require KYC or impose dormant account penalties.

Implicit costs may arise from conversion markups when buying crypto with fiat, inactivity penalties, or optional fast-track identity verification services, so even if explicit fees are low, these can add to your total cost.

Real-World Cost Example: “€500 BTC

If you swapped the equivalent of €500 worth of BEP-20 BTC on BakerySwap, you’d incur a flat 0.30% swap fee and whatever minor slippage the AMM mechanics impose, plus pay standard BSC network gas when withdrawing the tokens—there would be no additional platform or fiat conversion charges.

When you convert €500 into BTC, costs include the processing spread from fiat to crypto, the trading fee on your spot purchase, and any withdrawal network fee—so the net BTC received will be noticeably less than the €500 equivalent due to layered transaction components.

Crypto Offering & Trading Features

Number of Coins & Pairs

BakerySwap supports a moderate selection of BEP-20 tokens (dozens) rather than hundreds, and does not provide an explicit ranked top-20 by trading volume; its focus is on popular Binance Smart Chain pairs rather than exhaustive listings.

AscendEX supports over 200 to 300 cryptocurrencies across more than 200 trading pairs, with the most liquid top 20 pairs typically dominated by BTC, ETH, USDT, and popular large-cap and DeFi tokens if ranked by volume.

Product Range

The platform strictly offers spot swaps via AMM, NFT minting and marketplace, staking/farming (liquidity provision), and a token/NFT launchpad; it does not support margin, perpetuals, options, ETFs, lending, copy trading, grid bots, or auto-DCA.

The platform offers spot, margin, and perpetual futures, flexible staking and yield programs, copy-trading for futures, and supports automated strategies such as grid bots and DCA through its API and third-party tools—though options and crypto ETFs are not part of the current offering.

Liquidity

On-chain liquidity is decentralized—24-hour volumes exist per pool but are not aggregated or publicly ranked for BTC/ETH pairs, and there is no order-book depth as pricing is determined through pool reserves and AMM mechanics.

With a reported 24-hour trading volume ranging from hundreds of millions to a couple of billion dollars, BTC/USDT and ETH/USDT markets offer strong depth and tight order books, enabling efficient execution even for substantial orders.

Tools

BakerySwap does not use order types like limit, stop, or OCO, does not offer alert systems, advanced charts, API/WebSocket, or native TradingView integration; transactions and analytics are handled directly in the DEX interface or via external analytics platforms.

AscendEX features a full suite of order types (limit, market, stop, OCO), advanced charting with customizable indicators, real-time alerts, and robust API/WebSocket access—although it relies on its proprietary charting tools rather than native TradingView integration.

Geographic Restrictions by Product

Being a decentralized platform, BakerySwap generally does not restrict access by region; however, anecdotal reports suggest that availability may vary based on local regulations and individual wallet jurisdiction—not enforced by the platform directly.

Certain regions face limitations such as no access to futures or derivatives features—specifically, users in jurisdictions like the United States and China are restricted from using these products due to compliance considerations.

Innovation

The platform is strong in innovation with its integrated NFT launchpad (focused on NFTs rather than tokens), dual-mode staking options (flexible yield farming with variable-themed pools), and a curated NFT gallery for creators and collectors.

AscendEX delivers early access to new token projects via its launchpool platform, and its Earn suite includes both flexible staking options—as well as programs with lock-up periods—giving users choice in how they deploy assets to generate yield.

Security, Regulation & Custody

Operating Entity & Jurisdiction

BakerySwap operates under a decentralized autonomous organization (DAO) structure with no centralized legal entity disclosed, launched in 2020, and primarily functions on the Binance Smart Chain ecosystem.

AscendEX operates under AscendEX Technology S.R.L., legally established in Romania, while the broader group includes BMXDM Technology Pte. Ltd. founded in 2018, with headquarters primarily in Singapore.

Licenses/Registration

As a decentralized protocol, BakerySwap operates without formal licensing or VASP/ MiCA registrations; it does not fall under traditional regulatory frameworks applicable to centralized platforms.

The platform adheres to AML/CTF regulations where required, but does not currently hold formal regulatory licenses such as VASP in most jurisdictions nor EU MiCA authorization.

Custody

Funds remain with users in their own wallets (non-custodial model); the smart contracts have undergone security audits (e.g., via CertiK) and benefit from on-chain monitoring, though there’s no formal proof of reserves or specified cold storage protocol.

Users’ crypto assets are stored primarily in cold, offline wallets managed directly by AscendEX, supported by a defense-in-depth security model; there’s no publicly disclosed proof-of-reserves audit or specific percentage of assets held in cold storage.

Insurance & Protection Funds

BakerySwap does not offer insurance or protective funds—there’s no compensation scheme in place for losses linked to smart contract bugs or exploits.

AscendEX maintains an internal insurance fund drawn from its own balance sheet to cover potential losses in the event of security incidents.

Incident History

There are no known incidents involving hacks, service suspensions, asset freezes, or regulatory fines associated with BakerySwap to date.

In December 2021, AscendEX suffered a hot-wallet exploit across several blockchains, but fully reimbursed all impacted users and rebuilt its infrastructure with stronger safeguards.

Risk Controls

As a decentralized app, BakerySwap includes standard blockchain wallet security (2FA or anti-phishing tools are dependent on the user’s wallet, not the platform), and it lacks features like whitelists, sub-accounts, or granular API permissions.

The platform supports two-factor authentication, device monitoring, anti-phishing alerts, and offers API access with control options and sub-account structuring to help manage risk.

Transparency

The platform provides public smart contract information and governance participation, but it does not issue regular reports, maintain a public wallet for protocol funds, or advertise any formal service-level agreements (SLA).

While offering real-time monitoring and reporting tools, AscendEX does not publish monthly reserve statements, public wallet addresses, or formal service-level agreements.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

BakerySwap does not support any fiat deposit methods such as bank transfers, cards, or e-wallets—since it’s a purely decentralized crypto platform, there are no fiat minimums, maximums, or processing times.

AscendEX supports depositing fiat through third-party providers such as Simplex, MoonPay, Mercuryo, and Banxa via card or bank transfer, offering fast funding for multiple regions, with specific minimums and maximums varying per provider and region.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

There is no KYC process of any kind; BakerySwap operates entirely without identity verification or account-level limits tied to KYC tiers.

AscendEX requires identity verification for full platform access; unverified accounts face strict withdrawal caps (such as 0.75 BTC daily), while verified users enjoy much higher limits, with further tiered levels unlocking even greater flexibility.

Withdrawals

Withdrawals are simply crypto transfers initiated from users’ wallets—there are no platform-imposed limits or specific network restrictions; transaction times depend on blockchain network speed.

Withdrawal limits depend on KYC status—unverified accounts are capped at around 0.75 BTC per day, verified users far higher—and users can withdraw via multiple networks (ERC-20, TRC-20, BEP-20, etc.), with processing speed tied to blockchain congestion.

Customer Support

There is no built-in 24/7 chat or direct email support; users rely on the help center with guides and FAQs, and support is primarily through the community via forums, Telegram, Twitter, and other social channels.

AscendEX offers round-the-clock support via live chat and email, with a comprehensive help center available for self-service; response times generally fall within reasonable hours though may vary based on query complexity.

Languages & Localization

The platform does not provide a localized Spanish-native interface or display fees in euros, nor does it tailor operations to Paraguayan or other local regulations—the interface remains largely global and English-focused.

The interface supports multiple languages including English, and displays prices in common currencies like EUR and USD; it also tailors functionality—and availability—to comply with regional regulations.

App Quality & Stability

BakerySwap does not offer a dedicated mobile app—usage is through web-based dApp access via wallets like MetaMask; though user feedback suggests generally stable performance, there are no formal crash rate metrics or update logs provided.

The AscendEX mobile and desktop apps deliver a polished and responsive experience, receiving regular updates to bolster stability and features, with no widespread reports of performance or crash issues among users.

Experience, Performance & Ecosystem

UX/UI

BakerySwap’s interface is functional but minimalist—there’s no distinct “Lite” or “Pro” mode; the design leans on simplicity but may feel dense for new users, with no built-in mode-switching to ease the learning curve.

The platform provides both a streamlined “Lite” interface optimized for newcomers and a feature-rich “Pro” mode tailored for experienced traders, offering intuitive navigation while allowing users to progress as their skills evolve.

Performance

Its decentralized execution means actions are generally fast under normal conditions, though performance can slow slightly during extreme volatility—there are no fallbacks like centralized queueing or KYC delays impacting usability.

Order execution is generally fast and stable, though sharp market spikes can occasionally lead to slight delays; during bull runs, KYC processing times may lengthen, though the platform scales verification capacity to mitigate backlogs.

Education

The platform lacks a dedicated academy, demo tools, or simulators, and educational content in Spanish is limited—most users learn through community channels or external guides rather than official platform resources.

AscendEX hosts an educational hub with articles, investment lessons, and futures tutorials, but it does not currently offer demo trading accounts or Spanish-specific learning modules.

Community

Active participation from users happens through official Telegram and Twitter channels, supplemented by forums; referral or ambassador programs may exist informally but are not prominently featured.

Users can connect via numerous official Telegram channels across multiple languages and leverage an active referral program that rewards users for inviting others to the platform.

Integrations

BakerySwap supports emerging cross-chain use (e.g., Arbitrum, Polygon, Base) and integrates with DEX aggregators like 1inch, although it doesn’t offer direct TradingView charts, external bot connections, or built-in tax/accounting tools.

The exchange offers native TradingView charts and robust API access, enabling integration with third-party bots and tax/accounting tools like CryptoTaxCalculator for portfolio tracking and reporting.

Who Each One Is Best For

The platform is well-suited to DeFi-savvy users who appreciate token/NFT combos, multi-chain capabilities, and novel AI/creative integrations; it’s less ideal for traders seeking learning aids, advanced tools, or a highly guided experience.

Beginners benefit from the Lite mode and educational resources, active/pro traders gain from the advanced order tools and integrations, and those focused on passive strategies can leverage the automated tools and referral rewards.