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Nexo vs Backpack

VS

General

Platform
Nexo logo
Backpack logo
Founded
Nexo 2017
Backpack 2022
Headquarters
Nexo Switzerland
Backpack Tokyo, Japan
Availability
Nexo Worldwide
Backpack Worldwide (lending unavailable in US, a few states restricted)

Fees & Financial

Bonus
Nexo Up to $500 USDC with $50,000 deposit in a 3, 6, or 12-month Fixed Term
Backpack
Token
Nexo NEXO
Backpack
Compounding
Nexo Yes
Backpack Yes
Payouts
Nexo Daily
Backpack
Fees
Nexo Limited free withdrawls per month
Backpack
Lockup
Nexo None or 1 month
Backpack Unbonding period applies
Maker Fee
Nexo
Backpack 0.08
Taker Fee
Nexo
Backpack 0.1

Cryptocurrency Rates

BTC Rate
Nexo 4%
Backpack 0.03%
BTC Max
Nexo 5.5%
Backpack
ETH Rate
Nexo 5%
Backpack 0.04%
ETH Max
Nexo 6.5%
Backpack
Stablecoin Rate
Nexo 8%
Backpack

Pros

  • Good rates for all coins deposited
  • Popular platform
  • 1-5 free withdrawal per month depending on loyalty tier

Cons

  • $5,000 minimum deposit
  • Best rates require earning in NEXO token

Pros

No pros listed

Cons

No cons listed