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Backpack vs Phemex

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
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...

CIR score4.3

General

Platform
Backpacklogo
Phemexlogo
Founded
Backpack2022
Phemex2019
Headquarters
BackpackTokyo, Japan
PhemexSingapore
Availability
BackpackWorldwide (lending unavailable in US, a few states restricted)
PhemexWorldwide, excluding US

Fees & Financial

Bonus
Backpack
Phemex$20 bonus
Token
Backpack
Phemex
Compounding
BackpackYes
PhemexNo
Payouts
Backpack
Phemex
Fees
Backpack
Phemex
Lockup
BackpackUnbonding period applies
Phemex
Maker Fee
Backpack0.08
Phemex0.01
Taker Fee
Backpack0.1
Phemex0.06

Cryptocurrency Rates

BTC Rate
Backpack0.03%
Phemex1%
BTC Max
Backpack
Phemex3%
ETH Rate
Backpack0.24%
Phemex1.5%
ETH Max
Backpack
Phemex3%
Stablecoin Rate
Backpack
Phemex2%

Backpack

Review

Pros

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

Cons

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

Phemex

Review

Pros

  • Flexible deposit terms

Cons

  • Rates lower than other exchanges