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Bitfinex vs Backpack

Compare rates, fees, access, and key features side by side.

Bitfinex

Bitfinex

Bitfinex offers two unique products to earn yield on deposited crypto.Bitfinex Lending Pro is a crypto lending offering that pays variable rates on yo...

CIR score4.3
VS
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

General

Platform
Bitfinexlogo
Backpacklogo
Founded
Bitfinex2012
Backpack2022
Headquarters
BitfinexBritish Virgin Islands
BackpackTokyo, Japan
Availability
BitfinexWorldwide, excluding US
BackpackWorldwide (lending unavailable in US, a few states restricted)

Fees & Financial

Bonus
Bitfinex6% discount on fees
Backpack
Token
Bitfinex
Backpack
Compounding
BitfinexNo
BackpackYes
Payouts
BitfinexWeekly
Backpack
Fees
BitfinexYes
Backpack
Lockup
Bitfinex
BackpackUnbonding period applies
Maker Fee
Bitfinex0.1
Backpack0.08
Taker Fee
Bitfinex0.2
Backpack0.1

Cryptocurrency Rates

BTC Rate
Bitfinex1.98%
Backpack0.03%
BTC Max
Bitfinex
Backpack
ETH Rate
Bitfinex1.45%
Backpack0.24%
ETH Max
Bitfinex
Backpack
Stablecoin Rate
Bitfinex
Backpack

Bitfinex

Review

Pros

  • Long running exchange

Cons

  • Rates variable upon market

Backpack

Review

Pros

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

Cons

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