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Backpack vs Nexo

VS

General

Platform
Backpack logo
Nexo logo
Founded
Backpack 2022
Nexo 2017
Headquarters
Backpack Tokyo, Japan
Nexo Switzerland
Availability
Backpack Worldwide (lending unavailable in US, a few states restricted)
Nexo Worldwide

Fees & Financial

Bonus
Backpack
Nexo Up to $500 USDC with $50,000 deposit in a 3, 6, or 12-month Fixed Term
Token
Backpack
Nexo NEXO
Compounding
Backpack Yes
Nexo Yes
Payouts
Backpack
Nexo Daily
Fees
Backpack
Nexo Limited free withdrawls per month
Lockup
Backpack Unbonding period applies
Nexo None or 1 month
Maker Fee
Backpack 0.08
Nexo
Taker Fee
Backpack 0.1
Nexo

Cryptocurrency Rates

BTC Rate
Backpack 0.03%
Nexo 4%
BTC Max
Backpack
Nexo 5.5%
ETH Rate
Backpack 0.04%
Nexo 5%
ETH Max
Backpack
Nexo 6.5%
Stablecoin Rate
Backpack
Nexo 8%

Pros

No pros listed

Cons

No cons listed

Pros

  • Good rates for all coins deposited
  • Popular platform
  • 1-5 free withdrawal per month depending on loyalty tier

Cons

  • $5,000 minimum deposit
  • Best rates require earning in NEXO token