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Figure Markets
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...

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...

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General

Platform
Bybit logo
Backpack logo
Founded
Bybit 2018
Backpack 2022
Headquarters
Bybit Singapore
Backpack Tokyo, Japan
Availability
Bybit Worldwide, excluding US
Backpack Worldwide (lending unavailable in US, a few states restricted)

Fees & Financial

Bonus
Bybit Get $20 in BTC with $100 deposit, use code COINTEREST
Backpack
Token
Bybit
Backpack
Compounding
Bybit Yes
Backpack Yes
Payouts
Bybit Varies
Backpack
Fees
Bybit
Backpack
Lockup
Bybit Flexible to 60 days
Backpack Unbonding period applies
Maker Fee
Bybit 0.1
Backpack 0.08
Taker Fee
Bybit 0.1
Backpack 0.1

Cryptocurrency Rates

BTC Rate
Bybit 2.3%
Backpack 0.03%
BTC Max
Bybit 2.3%
Backpack
ETH Rate
Bybit 0.8%
Backpack 0.86%
ETH Max
Bybit 2.7%
Backpack
Stablecoin Rate
Bybit 3.5%
Backpack

Unique Pros

  • Fixed, flexible and on-chain products

Key Cons

  • Most products tiered

Unique Pros

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

Key Cons

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