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Money & Insurance

Bake

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339 reviews

4.0339 reviews
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About Bake

Data updated
Website
bake.io
Category
Money & Insurance
Location
Singapore
Status
Unclaimed
Last 12 months
4 reviews
Replies to negative
36% (24/66)
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[email protected]bake.io

About this business

Control your financial destiny with Bake. Bake is the most transparent, safe and easy way to get returns on your crypto investments. Our mission is to level the investment playing field by empowering anyone to control their financial destiny. Start my Bake journey → No crypto? No problem! Buy crypto with fiat currencies at low fees, or deposit coins from your external wallet. Build my crypto portfolio → Discover the perfect Bake service that’s right for you. Whether you are a newbie or a native investor, we have services for every appetite. Maximize my crypto wealth → Our services are powered by DeFi and are designed to help you effortlessly generate stable yields and cash flow from your crypto. Services at Bake Staking Join fully transparent staking pools and receive your rewards twice a day – perfect for long-term wealth creation. Up to 10.25% APY Liquidity Mining Deposit your favorite coins into shared liquidity mining pools and generate passive income with minimal fuss. Up to 29.3% APR YieldVault Our most beginner-friendly service. The simplest way to earn competitive returns on today's most popular crypto. Up to 9.95% APY Support for 31 different coins

Written by the business, not verified by us.

Is Bake legit?

Bake (bake.io) has a 4.0 out of 5 rating on OK.one, based on 339 user reviews collected here. It is listed under Money & Insurance and its reputation is good. 78% of reviews are 4 stars or higher and 18% are 1 star; The business has replied to 36% of negative reviews; 4 of them were added in the last 12 months. Last updated 2026-10-24.

What people say

M
MSingapore · 4 reviews ·

Easy to use CeFi

It's a good CeFi platform as introduction to DeFi (which requires a lot more learning). They were one of the first platforms I tried because I like the graphics and I love cake irl. Tried everything except the share token like dTSLA etc and decided that staking DFI and liquidity mining is best for the small amount of crypto that I have. Lending didn't give me much return as I had a micro amount of BTC. After all that's happened with Singapore CeFi companies like Hodlnaut, Cake is still standing which has increased my confidence in them. Will be increasing my crypto holdings over the next two years heading into the next bull run

A
Armando ParadisoAustralia · 1 review ·

I'm not a sophisticated investor by any…

I'm not a sophisticated investor by any means, however CAKE has allowed me to gain a better understanding of this new world of crypto. The contact from CAKE is fantastic and feels authentic.

SeriousManSwitzerland · 11 reviews · Verified · Experienced 2022-08-22 ·

And he scams again

And he scams again. Look at the "stablecoin" $DUSD which always should be worth 1 dollar. It's trading around 0.6$. So if you wanted "passive income" you lost 40% of your wealth. GG Dr. Hosp. BTW: DeFi in the name only. Of course none of the defi stuff is truly decentralized. Only Bitcoin is. ANSWER to cake defi: DUSD depegged a long time ago. It has nothing to do with the recent events. There's no demand for DUSD. Nobody who's not totally insane would buy DUSD. Ask yourself: Where does the yield come from? Tokens from an inflationary blockchain isn't yield. The price will inevitably go lower. If you STILL use "trusted", centralized custodians to store your crypto you're going to lose it all. Crypto should be decentralized not centralized. Be your own bank.

Reply from Bake2022-11-16

Dear, we are sorry that your experience with us didn’t quite match your expectations. Cake DeFi is a well-respected platform with more than one million customers worldwide. We have already rewarded our users with more than US$300M to date. Our mission is to empower our customers to take control of their financial destiny. In such volatile times, crypto companies need to provide both assurance and protection to their users and their hard-earned money in order to remain competitive. We have been a leader in providing proof of reserves on our platform since we started in 2019 at a time when no one else was doing it. We kindly invite you to check our Transparency page for more details: www.cakedefi.com/transparency. DUSD is unfortunately not at $1 at the moment due to too high request and too low supply. Cake DeFi provides the best of both worlds and combines Decentralized Finance with Centralized Finance and creates a superior #CeDeFi experience for our users. We kindly invite you to reach out to us with any further comments, concerns, or suggestions you wish to share https://support.cakedefi.com/hc/en-us/requests/new. Cake DeFi Customer Success Team