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Backpack vs Kraken

VS

General

Platform
Backpack logo
Kraken logo
Founded
Backpack 2022
Kraken 2011
Headquarters
Backpack Tokyo, Japan
Kraken San Francisco, CA
Availability
Backpack Worldwide (lending unavailable in US, a few states restricted)
Kraken Worldwide

Fees & Financial

Bonus
Backpack
Kraken $150 after you trade with code z735qcp7
Token
Backpack
Kraken
Compounding
Backpack Yes
Kraken No
Payouts
Backpack
Kraken Weekly
Fees
Backpack
Kraken Yes
Lockup
Backpack Unbonding period applies
Kraken
Maker Fee
Backpack 0.08
Kraken 0.16
Taker Fee
Backpack 0.1
Kraken 0.26

Cryptocurrency Rates

BTC Rate
Backpack 0.03%
Kraken 0.15%
BTC Max
Backpack
Kraken
ETH Rate
Backpack 0.04%
Kraken 2.25%
ETH Max
Backpack
Kraken 6.5%
Stablecoin Rate
Backpack
Kraken 4.25%

Pros

No pros listed

Cons

No cons listed

Pros

  • Offers on and off-chain staking
  • Full exchange services

Cons

  • Interest rate will vary (Kraken takes a flat 15% from staking rewards)