YieldCompare · head to head
Backpack Exchange vs Bitfinex
Asset-by-asset comparison of rates and risk profiles
Short answer
Backpack Exchange is the safer of the two: it passes 3 of our five public safety checks, while Bitfinex passes 2.
On rates, the highest advertised APY is 1.51 % at Backpack Exchange and 18.2 % at Bitfinex. Base rates only, no promo tiers.
Backpack Exchange
Safety grade C
5 checks ✓ ✓ ✓ ✗ ✗
USDT 1.51 %
BTC 0.03 %
ETH 0.08 %
Top product USDT · 1.51 %
Products tracked 15
Coins tracked 15
Jurisdiction UAE (Dubai VARA), Cyprus (CySEC), USA (FinCEN MSB)
Founded 2024
Min deposit $1
Open Backpack Exchange → 
Bitfinex
Safety grade D
5 checks ✗ ✗ ✓ ✗ ✓
USDT 7.55 %
BTC —
ETH —
Top product XLM · 18.2 %
Products tracked 16
Coins tracked 16
Jurisdiction British Virgin Islands
Founded 2012
Min deposit $1
Open Bitfinex → Coin by coin
Shared coins, side by side
| Asset | Backpack Exchange | Bitfinex | Winner |
|---|---|---|---|
| USDT | 1.51 % | 7.55 % | ★ Bitfinex |
| SUI | 0.83 % | 5.0 % | ★ Bitfinex |
| SOL | 0.17 % | 3.69 % | ★ Bitfinex |
| XLM | — | 18.2 % | ★ Bitfinex |
| ETC | — | 17.1 % | ★ Bitfinex |
| AVAX | — | 16.4 % | ★ Bitfinex |
| FIL | — | 7.31 % | ★ Bitfinex |
| ADA | — | 7.23 % | ★ Bitfinex |
| BCH | — | 7.0 % | ★ Bitfinex |
| XAUT | — | 5.44 % | ★ Bitfinex |
| UNI | — | 4.62 % | ★ Bitfinex |
| DASH | — | 4.49 % | ★ Bitfinex |
| SHIB | — | 3.65 % | ★ Bitfinex |
| ZEC | — | 3.28 % | ★ Bitfinex |
| XMR | — | 2.92 % | ★ Bitfinex |
| LINK | — | 1.87 % | ★ Bitfinex |
| XPL | 1.43 % | — | ★ Backpack Exchange |
| USDC | 0.95 % | — | ★ Backpack Exchange |
| MON | 0.46 % | — | ★ Backpack Exchange |
| APT | 0.27 % | — | ★ Backpack Exchange |
| DOGE | 0.17 % | — | ★ Backpack Exchange |
| SEI | 0.12 % | — | ★ Backpack Exchange |
| ETH | 0.08 % | — | ★ Backpack Exchange |
| XRP | 0.04 % | — | ★ Backpack Exchange |
| BNB | 0.03 % | — | ★ Backpack Exchange |
| BTC | 0.03 % | — | ★ Backpack Exchange |
| HYPE | 0.03 % | — | ★ Backpack Exchange |
| PAXG | 0.01 % | — | ★ Backpack Exchange |
Safety — check by check
| Check | C Backpack Exchange | D Bitfinex |
|---|---|---|
| Regulation | ✓ | ✗ |
| Proof-of-Reserves | ✓ | ✗ |
| Flexible withdrawal | ✓ | ✓ |
| Insurance Fund | ✗ | ✗ |
| Track record (2+ years incident-free) | ✗ | ✓ |
| Score | 3/5 · C | 2/5 · D |
The five public criteria behind each platform's grade. Each ✓ is one point — more points, safer grade. A highlighted ✓ is where one platform wins the criterion outright.