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Backpack vs Phemex

VS

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

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 0.04%
Phemex 1.5%
ETH Max
Backpack
Phemex 3%
Stablecoin Rate
Backpack
Phemex 2%

Pros

No pros listed

Cons

No cons listed

Pros

  • Flexible deposit terms

Cons

  • Rates lower than other exchanges