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Backpack vs Tuyo

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
Tuyo

Tuyo

Tuyo is a self-custodial finance app that makes it easy to hold, earn, and spend stablecoins. Users keep control of their assets at all times, while a...

CIR score4.3

General

Platform
Backpacklogo
Tuyologo
Founded
Backpack2022
Tuyo2024
Headquarters
BackpackTokyo, Japan
TuyoWilmington, DE
Availability
BackpackWorldwide (lending unavailable in US, a few states restricted)
TuyoWorldwide, excluding the UK

Fees & Financial

Bonus
Backpack
TuyoReferral code: CIR
Token
Backpack
Tuyo
Compounding
BackpackYes
TuyoNo
Payouts
Backpack
Tuyo
Fees
Backpack
TuyoUp to ~1% FX spread, 0.25% trading fee, and 10% performance fee on Earn returns
Lockup
BackpackUnbonding period applies
Tuyo
Maker Fee
Backpack0.08
Tuyo
Taker Fee
Backpack0.1
Tuyo

Cryptocurrency Rates

BTC Rate
Backpack0.03%
Tuyo1.6%
BTC Max
Backpack
Tuyo
ETH Rate
Backpack0.24%
Tuyo
ETH Max
Backpack
Tuyo
Stablecoin Rate
Backpack
Tuyo3.79%

Backpack

Review

Pros

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

Cons

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

Tuyo

Review

Pros

  • Earn yield and spend stablecoins

    Cons