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Phemex vs Backpack

VS

General

Platform
Phemex logo
Backpack logo
Founded
Phemex 2019
Backpack 2022
Headquarters
Phemex Singapore
Backpack Tokyo, Japan
Availability
Phemex Worldwide
Backpack Worldwide (lending unavailable in US, a few states restricted)

Fees & Financial

Bonus
Phemex $20 bonus
Backpack
Token
Phemex
Backpack
Compounding
Phemex No
Backpack Yes
Payouts
Phemex
Backpack
Fees
Phemex
Backpack
Lockup
Phemex
Backpack Unbonding period applies
Maker Fee
Phemex 0.01
Backpack 0.08
Taker Fee
Phemex 0.06
Backpack 0.1

Cryptocurrency Rates

BTC Rate
Phemex 1%
Backpack 0.03%
BTC Max
Phemex 3%
Backpack
ETH Rate
Phemex 1.5%
Backpack 0.04%
ETH Max
Phemex 3%
Backpack
Stablecoin Rate
Phemex 2%
Backpack

Pros

  • Flexible deposit terms

Cons

  • Rates lower than other exchanges

Pros

No pros listed

Cons

No cons listed