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Phemex vs Backpack

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

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

Fees & Financial

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

Cryptocurrency Rates

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

Phemex

Review

Pros

  • Flexible deposit terms

Cons

  • Rates lower than other exchanges

Backpack

Review

Pros

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

Cons

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