Coinbase

Bake vs Nexo

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

Nexo Logo

Nexo

Nexo is one of the most popular crypto interest account platforms, with Nexo Earn. In late 2024, Nexo rebranded itself as a "digital assets wealth platform," shifting focus from general crypto lending to serving affluent clients with tailored weal...

Platform
Bake Platform
Nexo Platform
Website
Bonus
$30 after $50 deposit
Up to $500 USDC with $50,000 deposit in a 3, 6, or 12-month Fixed Term
Token
DFI
NEXO
Founded
2019
2017
Headquarters
Singapore
Switzerland
Availability
Non-us
Worldwide

Cryptocurrency Rates

BTC Rate
4%
BTC Max
6%
ETH Rate
5%
ETH Max
7%
LTC Rate
5%
LTC Max
7%
DOGE Rate
1%
DOGE Max
3%
Stablecoin Rate
10%
Stablecoin Max
12%

Fees & Financial

Compounding
Yes
Yes
Payouts
Weekly
Daily
Fees
Yes
Limited free withdrawls per month
Lockup
None
None or 1 month
Maker Fee
Taker Fee
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
Nexo Logo

Nexo Pros

    • Good rates for all coins deposited
    • Popular platform
    • 1-5 free withdrawal per month depending on loyalty tier

Nexo Cons

    • $5,000 minimum deposit
    • Best rates require earning in NEXO token

Earn Interest on Crypto

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