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Backpack Exchange is a global cryptocurrency platform launched by Trek Labs in 2022. Known for its strong ties to the Solana ecosystem, Backpack supports over 20 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). It offers advanced trading features and focuses on security with tools like two-factor authentication and audited smart contracts. The exchange also provides staking options for SOL tokens and offers low-fee trading for its users.
To use Backpack Exchange, you need to create an account and complete KYC verification. Once verified, you can deposit funds using supported cryptocurrencies like USDC or SOL. Backpack offers a streamlined interface for trading and managing your assets. You can execute limit and market orders, and the platform is beginner-friendly with support for staking and easy navigation between wallets and trading.
Backpack uses a tiered maker-taker fee structure. For regular users, fees start at 0.085% for makers and 0.095% for takers.
Higher-volume traders enjoy lower fees, with discounts available for those with larger 30-day trading volumes.
Backpack does not charge deposit fees, but withdrawal fees vary depending on the cryptocurrency being withdrawn, such as 0.0002 BTC for Bitcoin.
Backpack Exchange operates globally and is licensed under Dubai’s Virtual Assets Regulatory Authority (VARA).
It is available in many regions, though certain services might not be available in countries with stricter regulations, such as the United States.