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Backpack vs Bybit

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
Bybit

Bybit

Bybit offers a variety of earn programs designed to help users earn through flexible and fixed-term products, staking and on-chain earn.Bybit Earn Pro...

CIR score4.2

General

Platform
Backpacklogo
Bybitlogo
Founded
Backpack2022
Bybit2018
Headquarters
BackpackTokyo, Japan
BybitSingapore
Availability
BackpackWorldwide (lending unavailable in US, a few states restricted)
BybitWorldwide, excluding US

Fees & Financial

Bonus
Backpack
BybitGet $20 in BTC with $100 deposit, use code COINTEREST
Token
Backpack
Bybit
Compounding
BackpackYes
BybitYes
Payouts
Backpack
BybitVaries
Fees
Backpack
Bybit
Lockup
BackpackUnbonding period applies
BybitFlexible to 60 days
Maker Fee
Backpack0.08
Bybit0.1
Taker Fee
Backpack0.1
Bybit0.1

Cryptocurrency Rates

BTC Rate
Backpack0.03%
Bybit2.3%
BTC Max
Backpack
Bybit
ETH Rate
Backpack0.24%
Bybit0.8%
ETH Max
Backpack
Bybit2.7%
Stablecoin Rate
Backpack
Bybit3.5%

Backpack

Review

Pros

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

Cons

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

Bybit

Review

Pros

  • Fixed, flexible and on-chain products

Cons

  • Most products tiered