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Backpack vs CoinJar
Compare rates, fees, access, and key features side by side.
Backpack
Quick takeBackpack offers exchange-based lending and Solana earning products with terms that depend on the asset. Its strongest feature is Auto-Lend, ...
Score3.9Our editors score every platform independently. Partnerships never influence the rating.
VS
CoinJar
CoinJar is an Australian cryptocurrency exchange and platform. It offers a variety of services, like CoinJar Exchange, CoinJar Card and CoinJar Bundle...
Score4.3Our editors score every platform independently. Partnerships never influence the rating.
General
Platform
Backpack
CoinJar
Founded
Backpack2022
CoinJar2013
Headquarters
BackpackTokyo, Japan
CoinJarMelbourne, Australia
Availability
BackpackWorldwide (lending unavailable in US, a few states restricted)
CoinJarAustralia and the United Kingdom (UK)
Fees & Financial
Bonus
Backpack
CoinJar
Token
Backpack
CoinJar
Compounding
BackpackYes
CoinJarNo
Payouts
Backpack
CoinJar
Fees
Backpack
CoinJarYes
Lockup
BackpackUnbonding period applies
CoinJar
Maker Fee
Backpack0.08
CoinJar
Taker Fee
Backpack0.1
CoinJar
Cryptocurrency Rates
BTC Rate
Backpack0.02%
CoinJar
BTC Max
Backpack
CoinJar
ETH Rate
Backpack0.13%
CoinJar
ETH Max
Backpack
CoinJar
Stablecoin Rate
Backpack
CoinJar
Backpack
ReviewPros
- Auto-Lend can allocate supported idle balances without repeated manual subscriptions.
- SOL returns can include validator, block, and Jito MEV rewards.
- A balance threshold can keep part of an eligible asset outside Auto-Lend.
Cons
- Exchange lending is unavailable to U.S. customers and may have other regional limits.
- Lending rates change with pool demand and are not guaranteed.
- Backpack USD is an internal unit that cannot be withdrawn directly.
CoinJar
ReviewPros
- Full exchange services
- Crypto card lets you spend crypto like cash and via Apple Pay
Cons
- Very limited available to UK and AUS
