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Bybit vs Backpack

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

Bybit

Bybit

Bybit offers a variety of earn programs designed to help users earn through flexible and fixed-term products, staking and on-chain earn.Bybit Earn Pro...

CIR score4.2
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
Bybitlogo
Backpacklogo
Founded
Bybit2018
Backpack2022
Headquarters
BybitSingapore
BackpackTokyo, Japan
Availability
BybitWorldwide, excluding US
BackpackWorldwide (lending unavailable in US, a few states restricted)

Fees & Financial

Bonus
BybitGet $20 in BTC with $100 deposit, use code COINTEREST
Backpack
Token
Bybit
Backpack
Compounding
BybitYes
BackpackYes
Payouts
BybitVaries
Backpack
Fees
Bybit
Backpack
Lockup
BybitFlexible to 60 days
BackpackUnbonding period applies
Maker Fee
Bybit0.1
Backpack0.08
Taker Fee
Bybit0.1
Backpack0.1

Cryptocurrency Rates

BTC Rate
Bybit2.3%
Backpack0.03%
BTC Max
Bybit
Backpack
ETH Rate
Bybit0.8%
Backpack0.24%
ETH Max
Bybit2.7%
Backpack
Stablecoin Rate
Bybit3.5%
Backpack

Bybit

Review

Pros

  • Fixed, flexible and on-chain products

Cons

  • Most products tiered

Backpack

Review

Pros

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

Cons

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