Kraken
Backpack is available for US customers.
Backpack logo

Backpack

Backpack Interest Rates

Bitcoin
BTC Bitcoin
0.03%
Ethereum
ETH Ethereum
0.04%
Solana
SOL Solana
5.47%
USDC USDT
USDC/USDT Stablecoin
6.75%

* Rates subject to change

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Backpack Trading Fees

Maker Fee

0.1%

Taker Fee

0.1%

Backpack logo
Compounding Interest
No
Founded
2022
Headquarters
San Bernardino, CA
Availability
Worldwide (lending unavailable in US)
Backpack logo

  • borrowing
  • exchange
  • lending
  • staking
  • usdc
  • usdt

Backpack Review

Backpack, also called Backpack Exchange, is a fully regulated cryptocurrency exchange built by the team behind the Solana-native Backpack Wallet and the Mad Lads NFT collection.

Backpack Exchange is licensed and regulated in multiple jurisdictions. It offers deep liquidity, low latency, and robust performance, while also maintaining strict compliance with global financial regulations.

Unique Yield Features

  • Earn yield while you trade: Use your lent assets as collateral to open and maintain positions.
  • Compound your profits: Auto-lend your futures profits to the USD lending pool and earn yield without closing positions.
  • A single balance for all products: No need to segregate assets—use them across futures, spot, margin, lending, and borrowing.

Earning on Backpack Exchange

Backpack Exchange supports lending and staking to offer yield on your holdings.

Backpack Lending

Backpack offers a non-custodial lending protocol with support for:

  • SOL, USDC, BTC, ETH, and other high-cap assets.
  • Transparent yield generation via overcollateralized loans.

Lending is unavailable in certain regions, like the United States. Find other platforms available in the US.

Backpack Staking

  • Available Assets: Backpack offers native staking support for Solana (SOL).
  • Rewards: Staking yields are competitive and distributed seamlessly through the wallet interface.
  • Validator Choice: Backpack integrates validator selection, allowing users to stake with reputable node operators directly from the app.

Backpack FAQ

Does Backpack pay compound interest?

No, interest is not compounded at Backpack.

Where is the Backpack headquartered/located?

Backpack is located in San Bernardino, CA.

Where is Backpack available (what countries is Backpack available)?

Worldwide (lending unavailable in US).

When was Backpack founded?

Backpack was founded in 2022.

Is Backpack available in the USA?

Yes, Backpack is available in the USA.

Does Backpack pay interest on Bitcoin?

Yes, Backpack pays 0.03% interest on Bitcoin.

Does Backpack pay interest on Ethereum?

Yes, Backpack pays 0.04% interest on Ethereum.

Does Backpack pay interest on Dogecoin?

No, Backpack does not pay interest on Dogecoin.

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