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Backpack vs Zengo

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
Zengo

Zengo

Zengo is a non-custodial wallet app that supports crypto staking and more than 1000+ assets.Zengo EarnZengo Earn is a simple and secure way for Zengo ...

CIR score3.9

General

Platform
Backpacklogo
Zengologo
Founded
Backpack2022
Zengo2018
Headquarters
BackpackTokyo, Japan
ZengoIsrael
Availability
BackpackWorldwide (lending unavailable in US, a few states restricted)
ZengoWorldwide

Fees & Financial

Bonus
Backpack
Zengo
Token
Backpack
Zengo
Compounding
BackpackYes
ZengoNo
Payouts
Backpack
ZengoDaily
Fees
Backpack
Zengo
Lockup
BackpackUnbonding period applies
Zengo
Maker Fee
Backpack0.08
Zengo
Taker Fee
Backpack0.1
Zengo

Cryptocurrency Rates

BTC Rate
Backpack0.03%
Zengo
BTC Max
Backpack
Zengo
ETH Rate
Backpack0.24%
Zengo3%
ETH Max
Backpack
Zengo4%
Stablecoin Rate
Backpack
Zengo

Backpack

Review

Pros

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

Cons

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

Zengo

Review

Pros

  • Simple and very secure
  • Non-custodial

Cons

  • Limited staking (earn) asset support
  • Native staking takes time to stake and unstake before earning rewards