Coinbase

Backpack vs M2

Backpack Logo

Backpack

Backpack Exchange, is a fully regulated cryptocurrency exchange built by the team behind the Solana-native Backpack Wallet and the Mad Lads NFT collection. Backpack Exchange is licensed and regulated in multiple jurisdictions. It offers deep liqui...

M2 Logo

M2

M2 is a crypto exchange and crypto interest account platform. It pays interest on BTC, USDT, ETH, SOL, DOGE and other altcoins. Choose an Earn Plan You will see three earning plans: Flexible, Fixed, and Custom. Choose the plan that best ...

Platform
Backpack Platform
M2 Platform
Website
Bonus
Token
MMX
Founded
2022
2023
Headquarters
Tokyo, Japan
UAE
Availability
Worldwide (lending unavailable in US, a few states restricted)
Not available in the US

Cryptocurrency Rates

BTC Rate
0.03%
3.5%
BTC Max
6.5%
ETH Rate
0.04%
3.5%
ETH Max
6%
LTC Rate
LTC Max
DOGE Rate
3.5%
DOGE Max
Stablecoin Rate
6.75%
9%
Stablecoin Max
13%

Fees & Financial

Compounding
Yes
Yes
Payouts
Daily (must be redeemed)
Fees
Yes
Lockup
30-360 days
Maker Fee
0.08
0.1
Taker Fee
0.1
0.1
Backpack Logo

Backpack Pros

No pros listed

Backpack Cons

No cons listed

M2 Logo

M2 Pros

    • Competitive interest rates

M2 Cons

    • Lockup required for best rates
    • Earnings must be ‘redeemed’

Earn Interest on Crypto

Bitcoin logo BTC Bitcoin Ethereum logo ETH Ethereum Solana logo SOL Solana Ripple logo XRP Ripple Litecoin logo LTC Litecoin Dogecoin logo DOGE Dogecoin Circle logo USDC Circle Tether logo USDT Tether