CIR animation

We compare platforms & may earn a commission. Learn more.

Email Alerts

Backpack vs Kraken

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
Kraken

Kraken

Kraken is a leading digital asset exchange platform that was founded in 2011 and is headquartered in San Francisco, California.The platform allows use...

CIR score4.3
Popular9.5K recent views

General

Platform
Backpacklogo
Krakenlogo
Founded
Backpack2022
Kraken2011
Headquarters
BackpackTokyo, Japan
KrakenSan Francisco, CA
Availability
BackpackWorldwide (lending unavailable in US, a few states restricted)
KrakenWorldwide

Fees & Financial

Bonus
Backpack
Kraken$10 BTC + 10% fee discount
Token
Backpack
Kraken
Compounding
BackpackYes
KrakenNo
Payouts
Backpack
KrakenWeekly
Fees
Backpack
KrakenYes
Lockup
BackpackUnbonding period applies
Kraken
Maker Fee
Backpack0.08
Kraken0.16
Taker Fee
Backpack0.1
Kraken0.26

Cryptocurrency Rates

BTC Rate
Backpack0.03%
Kraken0.02%
BTC Max
Backpack
Kraken
ETH Rate
Backpack0.24%
Kraken1.86%
ETH Max
Backpack
Kraken
Stablecoin Rate
Backpack
Kraken4.08%

Backpack

Review

Pros

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

Cons

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

Kraken

Review

Pros

  • Full exchange services

Cons

  • 15% fee from staking rewards