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Backpack vs Bitfinex

Compare rates, fees, access, and key features side by side.

Backpack

Backpack

Backpack Exchange, is a fully regulated cryptocurrency exchange built by the team behind the Solana-native Backpack Wallet and the Mad Lads NFT collec...

CIR score3.9
VS
Bitfinex

Bitfinex

Bitfinex offers two unique products to earn yield on deposited crypto.Bitfinex Lending Pro is a crypto lending offering that pays variable rates on yo...

CIR score4.3

General

Platform
Backpacklogo
Bitfinexlogo
Founded
Backpack2022
Bitfinex2012
Headquarters
BackpackTokyo, Japan
BitfinexBritish Virgin Islands
Availability
BackpackWorldwide (lending unavailable in US, a few states restricted)
BitfinexWorldwide, excluding US

Fees & Financial

Bonus
Backpack
Bitfinex6% discount on fees
Token
Backpack
Bitfinex
Compounding
BackpackYes
BitfinexNo
Payouts
Backpack
BitfinexWeekly
Fees
Backpack
BitfinexYes
Lockup
BackpackUnbonding period applies
Bitfinex
Maker Fee
Backpack0.08
Bitfinex0.1
Taker Fee
Backpack0.1
Bitfinex0.2

Cryptocurrency Rates

BTC Rate
Backpack0.03%
Bitfinex1.98%
BTC Max
Backpack
Bitfinex
ETH Rate
Backpack0.24%
Bitfinex1.45%
ETH Max
Backpack
Bitfinex
Stablecoin Rate
Backpack
Bitfinex

Backpack

Review

Pros

  • Fully regulated in multiple jurisdictions
  • Solana-native with strong ecosystem

Cons

  • Lending rates are dynamic and can be low
  • Newer platform

Bitfinex

Review

Pros

  • Long running exchange

Cons

  • Rates variable upon market