Independent Review · Updated 2026
Backpack Exchange Review
A regulated crypto exchange with a transparent order book, spot & perpetual futures, and a self-custody wallet. Here's our honest take — plus a 5% trading-fee discount when you sign up through our link.
Takes ~2 minutes · 5% fee discount applied via our link
What is Backpack Exchange?
Backpack is a crypto exchange and self-custody wallet built by the team behind the Backpack wallet and the Mad Lads NFT community. It combines a central-limit order book (the professional, transparent way to trade) with spot markets, perpetual futures, and an integrated wallet — all under one login.
What makes it stand out is its focus on transparency (proof-of-reserves), a genuinely fast trading interface, and the Backpack Points program that rewards active users. It's aimed at traders who've outgrown beginner apps but don't want the clutter of legacy exchanges.
Spot & Perps
Trade hundreds of spot pairs and perpetual futures with leverage on a low-latency order book.
Self-custody wallet
Your keys, integrated with the exchange for smooth on/off-ramping between DeFi and CeFi.
Backpack Points
Earn points for trading and activity that feed into ongoing rewards and seasons.
Pros & cons
Pros
- Transparent central-limit order book
- Competitive maker/taker fees
- Fast, clean trading interface
- Proof-of-reserves & strong custody
- Backpack Points rewards program
- Integrated self-custody wallet
Cons
- Newer than incumbents like Binance
- Availability varies by country
- Fewer fiat on-ramp options
- Not for total beginners
Fees at a glance
| Market | Maker | Taker |
|---|---|---|
| Spot | Low, volume-tiered | Volume-tiered |
| Perpetuals | Low, volume-tiered | Volume-tiered |
| Deposits (crypto) | Free (network fees apply) | |
Fees drop as your 30-day volume increases. See the full breakdown on our Backpack Exchange fees page.
Ready to start trading?
Create your account through our referral link to lock in a 5% discount on your Backpack trading fees. It's free, costs you nothing extra, and takes about two minutes.
Sign up & save 5% on fees →Frequently asked questions
Is Backpack Exchange legit?
Yes — Backpack is operated by a licensed entity, publishes proof-of-reserves, and uses institutional-grade custody. Read our full is Backpack Exchange safe? breakdown.
What are the trading fees?
Backpack uses a competitive maker-taker model that scales with your 30-day volume. See the current fee schedule.
Is there a referral / invite code?
Backpack uses a referral link, not a paste-in code. Signing up through it gives you 5% off trading fees — automatically, at no extra cost.
How do I sign up?
Follow our step-by-step sign-up guide. It takes about two minutes.