CIR animation

We compare platforms & may earn a commission. Learn more.

Email Alerts

Wirex vs Backpack

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

Wirex

Wirex

Wirex is an app to buy, sell, and spend crypto. Wirex offers a crypto back credit card, and interest bearing crypto accounts called X-Accounts.X-Accou...

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
Wirexlogo
Backpacklogo
Founded
Wirex2014
Backpack2022
Headquarters
WirexLondon, UK
BackpackTokyo, Japan
Availability
WirexWorldwide, excluding NY
BackpackWorldwide (lending unavailable in US, a few states restricted)

Fees & Financial

Bonus
Wirex
Backpack
Token
WirexWXT
Backpack
Compounding
WirexYes
BackpackYes
Payouts
WirexWeekly
Backpack
Fees
Wirex
Backpack
Lockup
WirexNone
BackpackUnbonding period applies
Maker Fee
Wirex
Backpack0.08
Taker Fee
Wirex
Backpack0.1

Cryptocurrency Rates

BTC Rate
Wirex
Backpack0.03%
BTC Max
Wirex
Backpack
ETH Rate
Wirex
Backpack0.24%
ETH Max
Wirex
Backpack
Stablecoin Rate
Wirex6%
Backpack

Wirex

Review

Pros

  • Competitive rates for crypto

Cons

  • Earn achieved by converting to DAI internally
  • X-Account rates vary by coin

Backpack

Review

Pros

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

Cons

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