Backpack Review 2026
Learn more about TU’s methodology
- 0.01 USDC
- Mobile Apps
- Brave extensions
- Arc extensions
- Market, Limit, Post Only, IOC (Immediate or Cancel)
Our Evaluation of Backpack
Learn more about TU’s methodology
Backpack is a high-risk cryptocurrency exchange with the TU Overall Score of 2.85 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Backpack clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Backpack offers a simple and effective way to get started with cryptocurrencies. The platform ensures security and convenience, making it an excellent choice for those looking to trade popular coins or earn passive income in the crypto market. Its key strengths are simplicity and accessibility.
How we tested Backpack
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Backpack
Backpack is a regulated centralized exchange (CEX) launched in 2023, operating in jurisdictions worldwide. Serving over 500,000 clients from more than 150 countries each month, Backpack makes cryptocurrency trading accessible to all. With low fees and an intuitive interface, it caters to both seasoned traders and newcomers. Clients can leverage tools like cryptocurrency spot trading, staking, and a referral program to generate passive income. Backpack operates under a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA).
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- User-friendly interface suitable for traders of all experience levels.
- Staking options and a referral program for earning passive income.
- High level of asset security.
- Mobile app for managing funds from anywhere.
- No demo trading account.
- Limited number of supported cryptocurrencies.
TU Expert Verdict
Chief Analytics Officer
Backpack provides access to trading cryptocurrencies and NFTs through mobile apps and browser extensions, offering individual and business accounts denominated in USDC. The platform is regulated under a Virtual Asset Service Provider license from Dubai and emphasizes user-friendly design, fast onboarding, and key features like spot trading, staking, and a referral program. With basic analytics tools, cold wallet storage, and two-factor authentication, Backpack targets new and intermediate users seeking simplicity and lower costs, with spot trading fees starting as low as 0.08%.
A few disadvantages are the absence of trading in fiat currencies, no bank transfer deposit or withdrawal options, a limited selection of 67 supported cryptocurrencies, and a lack of advanced features such as copy trading or direct integration with TradingView. The exchange is not Tier-1 regulated and does not offer an investor protection fund. While suitable for everyday crypto users and those interested in earning passive income on a simple platform, Backpack may not meet the needs of professional traders looking for deep market coverage and high regulatory safeguards.
Backpack Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Chrome, Brave and Arc extensions, mobile apps for Android and iOS |
|---|---|
| 📊 Accounts: | Individual Account, and Business Account |
| 💰 Account currency: | USDC |
| 💵 Deposit / Withdrawal: | Cryptocurrency |
| 🚀 Minimum deposit: | 0.01 USDC |
| ⚖️ Leverage: | No |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | No |
| 💱 Commission: |
Spot: 0.08%-0.1% Futures: 0.02%-0.05% |
| 🔧 Instruments: | 67 supported coins, Futures, NFT. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Cryptocurrency pairs (Spot), NFT |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Yes |
| ⭐ Trading features: | Market, Limit, Post Only, IOC (Immediate or Cancel) |
| 🎁 Contests and bonuses: | Tiered commission system |
Backpack is a spot trading platform for trading with personal funds. It offers 45+ cryptocurrencies paired with USDC. The fees depend on the 30-day trading volume. Backpack does not provide derivative trading, such as futures.
Backpack Key Parameters Evaluation
Regulation and Safety
With a 6.75/10 score, Backpack demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- 2FA
- Government-regulated
- No successful hacks history
- Cold wallet storage
- No facial recognition
- Not tier-1 regulated
- No investor protection fund
Backpack Security Factors
We also compared Backpack against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Backpack | Kraken | Coinbase | |
| Tier-1 regulation | No | Yes | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
Is Backpack a regulated crypto exchange?
Backpack is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
Backpack is authorized or licensed in accordance with local regulations in the following regions: Dubai.
Is verification (KYC) mandatory at Backpack?
Yes, KYC verification is mandatory at Backpack. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is Backpack available in the USA?
Backpack is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Kraken, Coinbase, OKX .
Backpack commissions and fees
Backpack has earned a rating of 8.75/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as Backpack is a platform with minimal crypto trading costs.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Backpack trading fees?
We analyzed Backpack’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Backpack trading fees vs competitors
| Backpack | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.08 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.1 | 0.22 | 0.2 | 0.194 |
| Futures, maker fee(%) | 0.02 | 0 | 0 | 0.024 |
| Futures, taker fee(%) | 0.05 | 0 | 0.053 |
What are Backpack deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0.00012 BTC 0.0014 ЕТН |
Does Backpack offer P2P trading?
No, Backpack does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and Withdrawal
Backpack received a 2.5/10 rating for its deposit and withdrawal services. Backpack offers limited funding options and may charge fees, which could be inconvenient for many users.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- Withdrawal fee applies
- No P2P transfer option
Deposit and withdrawal options
Backpack supports the following deposit and withdrawal options: Crypto.
Backpack Deposit and withdrawal options vs competitors
| Backpack | Kraken | Coinbase | |
| Bank transfers | No | Yes | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is Backpack minimum deposit?
The minimum deposit at Backpack is 1 USD/USDT or 1 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Backpack minimum deposit vs competitors
| Backpack | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 1 | 1 | 1 |
| Minimum trade amount, USD/USDT | 1 | 1 | 2 |
Does Backpack support fiat money?
Backpack does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Backpack received a score of 4.5/10 in this category, indicating a modest offering of assets and markets. While Backpack covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Staking available
- NFTs available
- Crypto futures available
- Crypto options not available
- Only 67 supported coins
Backpack supported coins and markets vs competitors
We compared Backpack with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Backpack | Kraken | Coinbase | |
| Supported coins | 67 | 278 | 249 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | No | No |
| NFTs | Yes | Yes | Yes |
Backpack passive income options vs competitors
We also compared Backpack with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Backpack received a score of 7/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Android app score 4.6
- Automated trading with bots
- Advanced tools and automation with API
- App data protection with 2FA
- No access to Copy Trading
- No Face ID
- Advanced orders not available
Trading apps
Backpack provides web and mobile apps for both Android and iOS users, with an average rating of 4.5 on the App Store and 4.6 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Backpack platform is for mobile use.
| Backpack | Kraken | Coinbase | |
| 2FA | Yes | Yes | Yes |
| Face ID | No | No | No |
| Mob Indicators | Yes | Yes | Yes |
| Alerts | No | Yes | Yes |
| Advanced Orders | Yes | Yes | Yes |
| Trading with bots | Yes | No | No |
| API | Yes | Yes | Yes |
| Extra trading platforms | No | No | No |
Does Backpack offer a desktop app?
No, Backpack does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Backpack offer advanced charting with TradingView integration?
No, Backpack does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Official site | https://backpack.exchange/ |
|---|
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