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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...

Phemex

Phemex

Phemex is a crypto exchange offering exceptionally low fees and powerful tools for trading.Phemex EarnPhemex Earn is a crypto lending product from Phe...

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General

Platform
Backpack logo
Phemex logo
Founded
Backpack 2022
Phemex 2019
Headquarters
Backpack Tokyo, Japan
Phemex Singapore
Availability
Backpack Worldwide (lending unavailable in US, a few states restricted)
Phemex Worldwide, excluding US

Fees & Financial

Bonus
Backpack
Phemex $20 bonus
Token
Backpack
Phemex
Compounding
Backpack Yes
Phemex No
Payouts
Backpack
Phemex
Fees
Backpack
Phemex
Lockup
Backpack Unbonding period applies
Phemex
Maker Fee
Backpack 0.08
Phemex 0.01
Taker Fee
Backpack 0.1
Phemex 0.06

Cryptocurrency Rates

BTC Rate
Backpack 0.03%
Phemex 1%
BTC Max
Backpack
Phemex 3%
ETH Rate
Backpack 0.24%
Phemex 1.5%
ETH Max
Backpack
Phemex 3%
Stablecoin Rate
Backpack
Phemex 2%

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

  • Flexible deposit terms

Cons

  • Rates lower than other exchanges