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Backpack vs Fido

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
Fido

Fido

Fido was a crypto-yield app offering yield for USDC. It sunset its services in July 2026, returning all funds to users.

CIR score3.9

General

Platform
Backpacklogo
Fidologo
Founded
Backpack2022
Fido2025
Headquarters
BackpackTokyo, Japan
Fido
Availability
BackpackWorldwide (lending unavailable in US, a few states restricted)
FidoWorldwide

Fees & Financial

Bonus
Backpack
Fido
Token
Backpack
Fido
Compounding
BackpackYes
FidoYes
Payouts
Backpack
FidoEvery second
Fees
Backpack
FidoNone
Lockup
BackpackUnbonding period applies
FidoNone
Maker Fee
Backpack0.08
Fido
Taker Fee
Backpack0.1
Fido

Cryptocurrency Rates

BTC Rate
Backpack0.03%
Fido
BTC Max
Backpack
Fido
ETH Rate
Backpack0.24%
Fido
ETH Max
Backpack
Fido
Stablecoin Rate
Backpack
Fido9%

Backpack

Review

Pros

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

Cons

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

Fido

Review

Pros

Cons