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Zengo vs Backpack

VS

General

Platform
Zengo logo
Backpack logo
Founded
Zengo 2018
Backpack 2022
Headquarters
Zengo Isreal
Backpack Tokyo, Japan
Availability
Zengo Worldwide
Backpack Worldwide (lending unavailable in US, a few states restricted)

Fees & Financial

Bonus
Zengo
Backpack
Token
Zengo
Backpack
Compounding
Zengo No
Backpack Yes
Payouts
Zengo Daily
Backpack
Fees
Zengo
Backpack
Lockup
Zengo
Backpack Unbonding period applies
Maker Fee
Zengo
Backpack 0.08
Taker Fee
Zengo
Backpack 0.1

Cryptocurrency Rates

BTC Rate
Zengo
Backpack 0.03%
BTC Max
Zengo
Backpack
ETH Rate
Zengo 3.09%
Backpack 0.04%
ETH Max
Zengo
Backpack
Stablecoin Rate
Zengo
Backpack

Pros

  • Simple and very secure
  • Non-custodial

Cons

  • Limited staking (earn) asset support
  • Native staking takes time to stake and unstake before earning rewards

Pros

No pros listed

Cons

No cons listed