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Figure Markets
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...

Krak

Krak

Krak is a new simple crypto-powered mobile payment app by the popular Kraken crypto exchange. It is designed to be a crypto-friendly alternative to Ve...

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General

Platform
Backpack logo
Krak logo
Founded
Backpack 2022
Krak 2025
Headquarters
Backpack Tokyo, Japan
Krak San Francisco, CA
Availability
Backpack Worldwide (lending unavailable in US, a few states restricted)
Krak Worldwide

Fees & Financial

Bonus
Backpack
Krak $10 bonus after $10 deposit with code: CIR
Token
Backpack
Krak
Compounding
Backpack Yes
Krak Yes
Payouts
Backpack
Krak Weekly
Fees
Backpack
Krak None
Lockup
Backpack Unbonding period applies
Krak None
Maker Fee
Backpack 0.08
Krak
Taker Fee
Backpack 0.1
Krak

Cryptocurrency Rates

BTC Rate
Backpack 0.03%
Krak 0.1%
BTC Max
Backpack
Krak
ETH Rate
Backpack 0.24%
Krak 1%
ETH Max
Backpack
Krak
Stablecoin Rate
Backpack
Krak 3.6%

Backpack

Review →

Pros

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

Cons

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

Pros

  • Simple, fee-free and rewarding app to manage crypto payments
  • Pays interest rewards on most coins
  • No lock ups

Cons

  • Rates are modest
  • New app with limited features vs full Kraken