YieldCompare · head to head
Backpack Exchange vs Kraken Earn
Asset-by-asset comparison of rates and risk profiles
Short answer
Kraken Earn is the safer of the two: it passes 4 of our five public safety checks, while Backpack Exchange passes 3.
On rates, the highest advertised APY is 1.51 % at Backpack Exchange and 11.8 % at Kraken Earn. 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 → 
Kraken Earn
Safety grade B
5 checks ✓ ✓ ✓ ✗ ✓
USDT 4.0 %
BTC 0.1 %
ETH 1.19 %
Top product MINA · 11.8 %
Products tracked 32
Coins tracked 32
Jurisdiction USA (FinCEN MSB), UK (FCA), EU (MiFID)
Founded 2011
Min deposit $1
Open Kraken Earn → Coin by coin
Shared coins, side by side
| Asset | Backpack Exchange | Kraken Earn | Winner |
|---|---|---|---|
| MON | 0.46 % | 6.4 % | ★ Kraken Earn |
| USDT | 1.51 % | 4.0 % | ★ Kraken Earn |
| USDC | 0.95 % | 4.0 % | ★ Kraken Earn |
| SOL | 0.17 % | 2.91 % | ★ Kraken Earn |
| SEI | 0.12 % | 2.01 % | ★ Kraken Earn |
| ETH | 0.08 % | 1.19 % | ★ Kraken Earn |
| HYPE | 0.03 % | 1.09 % | ★ Kraken Earn |
| BNB | 0.03 % | 0.87 % | ★ Kraken Earn |
| SUI | 0.83 % | 0.77 % | ★ Backpack Exchange |
| DOGE | 0.17 % | 0.1 % | ★ Backpack Exchange |
| XRP | 0.04 % | 0.1 % | ★ Kraken Earn |
| BTC | 0.03 % | 0.1 % | ★ Kraken Earn |
| MINA | — | 11.8 % | ★ Kraken Earn |
| ATOM | — | 10.3 % | ★ Kraken Earn |
| KSM | — | 8.14 % | ★ Kraken Earn |
| SCRT | — | 7.82 % | ★ Kraken Earn |
| FLOW | — | 7.53 % | ★ Kraken Earn |
| DYM | — | 7.25 % | ★ Kraken Earn |
| TAO | — | 4.18 % | ★ Kraken Earn |
| GRT | — | 4.16 % | ★ Kraken Earn |
| KAVA | — | 3.99 % | ★ Kraken Earn |
| XTZ | — | 3.75 % | ★ Kraken Earn |
| INJ | — | 3.54 % | ★ Kraken Earn |
| ADA | — | 2.72 % | ★ Kraken Earn |
| TIA | — | 2.49 % | ★ Kraken Earn |
| NEAR | — | 2.47 % | ★ Kraken Earn |
| AVAX | — | 2.23 % | ★ Kraken Earn |
| TRX | — | 1.8 % | ★ Kraken Earn |
| XPL | 1.43 % | — | ★ Backpack Exchange |
| DOT | — | 1.25 % | ★ Kraken Earn |
| POL | — | 1.21 % | ★ Kraken Earn |
| APT | 0.27 % | — | ★ Backpack Exchange |
| LTC | — | 0.1 % | ★ Kraken Earn |
| LINK | — | 0.1 % | ★ Kraken Earn |
| PAXG | 0.01 % | — | ★ Backpack Exchange |
Safety — check by check
| Check | C Backpack Exchange | B Kraken Earn |
|---|---|---|
| Regulation | ✓ | ✓ |
| Proof-of-Reserves | ✓ | ✓ |
| Flexible withdrawal | ✓ | ✓ |
| Insurance Fund | ✗ | ✗ |
| Track record (2+ years incident-free) | ✗ | ✓ |
| Score | 3/5 · C | 4/5 · B |
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.