Backpack vs Coinmetro

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, ...

Score3.9

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Coinmetro

Quick takeCoinmetro offers asset-specific staking plans and XCM token rewards. Some plans use genuine proof-of-stake delegation, while products market...

Score4.1

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Comparison

General

Platform

Backpack

Coinmetro

Founded

Backpack2022

Coinmetro2017

Headquarters

BackpackTokyo, Japan

CoinmetroTallinn, Estonia

Availability

BackpackWorldwide (lending unavailable in US, a few states restricted)

CoinmetroWorldwide

Fees & Financial

Bonus

Backpack

CoinmetroUp to €25 cashback

Token

Backpack

CoinmetroXCM

Compounding

BackpackYes

CoinmetroNo

Payouts

Backpack

CoinmetroEnd of term

Fees

Backpack

CoinmetroYes

Lockup

BackpackUnbonding period applies

Coinmetro3, 6, 12, or 24 months

Maker Fee

Backpack0.08

Coinmetro0.1

Taker Fee

Backpack0.1

Coinmetro0.2

Cryptocurrency Rates

BTC Rate

Backpack0.02%

Coinmetro1.8%

BTC Max

Backpack

Coinmetro6%

ETH Rate

Backpack0.13%

Coinmetro2.4%

ETH Max

Backpack

Coinmetro4%

Stablecoin Rate

Backpack

Coinmetro

Backpack

Review

Pros

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Backpack USD is an internal unit that cannot be withdrawn directly.