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

Trying to choose between Bakeryswap and Xeggex 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

Xeggex

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Available Countries

United States

Yes

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

Yes

United Kingdom

Yes

United States

Europe

Latin America

India

China

Canada

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.

Xeggex is ideal if:

Great if you're seeking simplicity: XeggeX offers an exceptionally intuitive interface that lowers the learning curve and makes navigating crypto markets approachable.
Ideal for exploring altcoins and niche tokens: The exchange lists a wide variety of low- to mid-cap cryptocurrencies and includes peer-to-peer and liquidity pool features—perfect for diversifying beyond mainstream assets.
A cautious choice due to its recent shutdown: Following a serious security breach and bankruptcy announcement earlier this year, relying on XeggeX now carries elevated risk—relying on self-custody methods is recommended.

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.

Xeggex isn’t ideal if:

Significant unresolved security failures undermined the platform’s reliability, ultimately leading to its collapse and bankruptcy—exposing systemic vulnerabilities.
Trust deeply eroded by withdrawal disruptions, user complaints of missing assets, and reports of blocked accounts—indicating serious operational breakdowns.
Unregulated and lacking transparency, making it ill-suited as a safe, long-term choice—especially when more stable and regulated alternatives exist.

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 start at around 0.2%, with tiered reductions based on trading volume and holdings of the native XPE token, which can unlock notable discounts.

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.

XeggeX currently does not offer futures or derivatives markets, so there are no associated maker/taker or funding fees to consider.

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.

As a smaller exchange, XeggeX can exhibit wider spreads on major pairs due to limited liquidity, meaning the difference between buy and sell prices may be noticeably larger than on larger platforms.

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.

XeggeX does not support fiat transactions—there are no deposit or withdrawal methods, meaning all activity is limited to crypto-to-crypto trades.

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.

Withdrawal fees are generally very low and vary by network, with exceptions such as Ethereum sometimes reaching up to about $0.30 due to network congestion, while other chains may charge negligible or minimal fixed network fees.

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.

Potential hidden costs include crypto conversion spreads, optional KYC express upgrades, or inactivity charges—all of which may apply even though basic use of the platform remains focused on crypto-to-crypto trading.

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.

If you were to purchase €500 worth of BTC (via a supported stablecoin like USDT), you’d incur the base trading fee (around 0.2%), a likely wider spread on a low-liquidity pair, and a modest withdrawal cost depending on the network you choose to send BTC—altogether yielding noticeably higher effective cost than more liquid, fiat-friendly platforms.

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.

XeggeX supports a substantial range of over 550 cryptocurrencies across around 930 market pairs, giving users exposure to both mainstream and niche digital assets in a single platform.

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 exchange focuses on spot trading and liquidity pools, with no standard margin, perpetual futures, options, crypto ETFs, staking, loans, copy-trading, grid bots, or automatic DCA—making it a simpler, crypto-to-crypto environment.

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.

24 h volume and order-book depth (BTC/ETH)

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.

Users have access to basic order types such as market, limit, and trigger (stop) orders; however, advanced tools like alerts, comprehensive charting, native TradingView integrations, or robust APIs and WebSocket feeds are not currently supported.

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.

While the exchange offers its core services broadly, certain features like derivatives or advanced products aren’t available in key markets, such as the United States, limiting access to some functionality based on location.

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.

XeggeX stands out with its liquidity pool offerings, enabling users to contribute funds and earn rewards, but it lacks common innovative features like launchpads, launchpools, or multiple flexible vs. locked yield-earning models.

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.

XeggeX was established in 2021 by crypto enthusiasts, with some sources indicating Germany as its base, though this remains somewhat ambiguous—its rapid niche focus and limited transparency make its legal structure and headquarters unclear.

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 operated without formal regulatory oversight—no VASP registration, MiCA compliance, or similar licensing was disclosed—positioning it squarely in the unregulated camp.

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.

XeggeX utilized a central custodial model with a combination of hot and cold storage, but offered no public proof of reserves, independent audits, or details on the proportion held in cold storage, limiting transparency and user assurance.

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.

There was no publicly available information about any insurance scheme or specific protection funds set aside to safeguard user deposits in case of loss or breach.

Incident History

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

In February 2025, hackers compromised the CEO’s Telegram account and infiltrated the exchange’s core systems, leading to frozen withdrawals and user balances showing zero—culminating in a bankruptcy declaration by late June.

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.

While the exchange promoted two-factor authentication and encryption, more advanced controls like withdrawal whitelists, anti-phishing systems, segregated sub-accounts, or fine-grained API permissions were either minimal or undocumented.

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).

XeggeX did not maintain any visible transparency mechanisms—no monthly audit reports, no publicly visible wallet addresses, and no formal service-level agreements; communication slowed notably as the bankruptcy process unfolded.

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.

XeggeX does not support fiat deposits; only cryptocurrency deposits via multiple blockchain networks are possible, with no stated minimum or maximum, and the process typically completes in just a few minutes.

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.

KYC isn’t mandatory for crypto-only trading, but users without KYC face a daily withdrawal cap of around $5,000—verification lifts this limit significantly, unlocking higher withdrawal thresholds for larger-volume users.

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.

Withdrawals are processed swiftly—often within minutes—and support several network types (e.g., ERC-20, BEP-20), although exact limits vary; verified users generally enjoy higher or unlimited withdrawal capacity.

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.

Support is handled via a ticketing system with claimed 24/7 availability and typical response within 12 hours; email and platform tickets are primary channels, while response speed and resolution quality are reported to be inconsistent.

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 platform’s interface is natively in English, with fee displays in USD; there are no localized versions or specific regulatory frameworks tailored to other regions.

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.

XeggeX offers both web and mobile (iOS beta and Android) access, with a smooth, intuitive interface, but the app’s stability and recent update cadence are unclear and may vary across platforms.

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.

XeggeX offers a clean and modern interface that’s intuitive for newcomers, featuring toggles between basic and full-screen layouts (plus light/dark themes), giving beginners a comfortable entry point and allowing power users to access more comprehensive views with minimal friction.

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.

The platform is engineered for swift order execution under normal conditions, but experienced disruptions and log-in downtime during critical market events—compounded by stretched support and restoration delays tied to operational chaos during the collapse.

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.

XeggeX did not provide structured educational resources like academies, paper trading simulators, or Spanish-language tutorials, focusing instead on direct trading utility rather than user training or localized guidance.

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.

While XeggeX initially maintained active presence across Discord and Telegram, these channels were abruptly limited or shut down amid the crisis—though remnants of community efforts, including unofficial Discord support, continue to persist. Referral incentives were present but overshadowed by the broader turmoil.

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.

Users benefit from a native TradingView integration and access to liquidity-pool bots via the API, but there’s no formal integration with tax tools or accounting platforms—even though third-party developers have built basic automation tools via the REST API.

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.

XeggeX’s streamlined interface and breadth of niche token offerings made it suitable for crypto-savvy traders interested in altcoin and meme assets—but its fragile infrastructure and lack of educational support or system stability rendered it inappropriate for risk-averse or learning-focused users.