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Tuyo vs Backpack

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

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

Fees & Financial

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

Cryptocurrency Rates

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

Tuyo

Review

Pros

  • Earn yield and spend stablecoins

    Cons

    Backpack

    Review

    Pros

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

    Cons

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