Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

Backpack review

Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Backpack is a custodial exchange with a Latvijas Banka licence, built for readers who want low trading costs and a lending product in the same app. It charges a taker fee of 0.1%, ranking at 34 in the site's taker fee comparison.

Key facts

Best for
A taker fee of 0.1% with staking and lending inside one custodial account.
Taker fee
0.1%↗
Coins listed
46↗
Regulators
Latvijas Banka↗
Maker fee
0.08%↗
Proof of reserves
Yes↗
Withdrawal fee
varies by asset↗
Derivatives
Yes↗
Exchange type
Cex↗
Legal entity
"Trek Technologies" SIA↗
Headquarters
Latvia↗
Founded
2023↗
Support channels
Email, Help-centre↗
Features
Custodial, Staking
Official website
backpack.exchange

Crypto earn

Yield
0.01% to 7.24%↗
Supported assets
MON, SOL, USD, USDT, XPL, SUI, APT, DOGE, SEI, ETH, BTC, BNB, HYPE, XRP, PAXG↗
Custody
Custodial↗

Facts checked September 26, 2026, 8 sources

Apps and profiles

Get the app
App Store

Pros and cons

Pros

  • Proof of reserves is published, so reported holdings can be compared with the balance you hold.
  • Lending rates run 0.01% to 7.24% and staking is offered, so earning sits in the same custodial account.
  • Derivatives are available alongside spot trading.

Cons

  • Support runs on email and help centre only, so there is no live chat or phone line for urgent problems.
  • The listing of 46 coins falls short of the site median of 62, so long-tail tokens are harder to find.
  • Withdrawal fees varies by asset, so the cost of moving coins off the platform changes with the asset.
Backpack

Ready to try Backpack?

Scored 8.9 / 10 by HodlCue.

See alternatives

Who it suits

  • Traders who want a low taker fee and a short, curated list rather than a long tail of altcoins.
  • People with idle balances who want lending and staking handled in the same custodial account.
  • Readers who want a custodial account and a named regulator behind it.

Who should look elsewhere

  • Bitpanda, if the coin list matters most: from 650 against Backpack's 46.
  • bunq, if you trade enough for fees of 0.25% to 1.99% to be the deciding factor.
  • ActivTrades, if a taker fee of 0% matters more to you than lending and staking in the app.

How Backpack compares

Where Backpack is available

Licence in Latvia
Latvijas Banka (MiCA CASP 6488C2PNI17093U2YA18), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Greece, Spain, Finland, France, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia

Frequently asked questions

What does it cost to trade on Backpack?+

Backpack charges a taker fee of 0.1% and a maker fee of 0.08% on spot trades. That sits under the site median taker fee of 0.2%, and Backpack ranks at 34 in the site's taker fee comparison. You also get derivatives trading on the same account.

Is Backpack regulated, and who supervises it?+

Backpack is supervised by Latvijas Banka, registered under MiCA CASP 6488C2PNI17093U2YA18 as a MiCA crypto asset service provider. The legal entity behind the exchange is "Trek Technologies" SIA, based in Latvia, so the operator behind your balance is named rather than anonymous.

Who holds my crypto on Backpack?+

Backpack is custodial, so the platform holds the keys to your balance rather than you holding them in a wallet of your own. Proof of reserves is published, which gives you a figure to compare with what you hold. Staking is offered on the account too.

Can I earn yield on Backpack?+

Backpack's lending product pays rates of 0.01% to 7.24%, with the exact figure depending on the asset. The assets it covers are MON, SOL and USD, so you lend from a defined list. Staking is available on the same account, which means holding and earning sit together.

How many coins are listed on Backpack?+

Backpack lists 46 coins, which is below the site median of 62. In the site's ranking that places it at 102 out of 172 brands compared. The lending side covers a smaller, selected set of assets rather than the full list.

What do withdrawals cost?+

Withdrawal fees varies by asset, so the cost of moving coins off the exchange depends on the asset you send. Work it into your plans before moving a larger balance, and treat it as part of a round trip rather than a single fixed charge. Trading costs and withdrawal costs are separate line items.

How do I get help from Backpack?+

Support runs on email and help centre, so you have email and a help centre rather than a phone line or live chat. For an exchange holding your balance, that means email is the main route for anything urgent. Write to support with the details of the transaction so the answer is useful.

Does Backpack offer derivatives trading?+

Derivatives are available on Backpack alongside spot trading, and the venue is listed under custodial and staking as custodial with staking. That means a derivatives position is held with the platform rather than in a wallet you control, so check the terms before you size up.

Sources

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Fiat deposit methods.

Backpack

Backpack

A taker fee of 0.1% with staking and lending inside one custodial account.

8.9/10See alternatives