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 2.88 % at Backpack Exchange and 18.6 % at Bitfinex. Base rates only, no promo tiers.
Backpack Exchange
Safety grade C
5 checks ✓ ✓ ✓ ✗ ✗
USDT 2.88 %
BTC 0.03 %
ETH 0.09 %
Top product USDT · 2.88 %
Products tracked 13
Coins tracked 13
Jurisdiction UAE (Dubai VARA), Cyprus (CySEC), USA (FinCEN MSB)
Founded 2024
Min deposit $1
Open Backpack Exchange → 
Bitfinex
Safety grade D
5 checks ✗ ✗ ✓ ✗ ✓
USDT 6.81 %
BTC —
ETH —
Top product ETC · 18.6 %
Products tracked 17
Coins tracked 17
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 | 2.88 % | 6.81 % | ★ Bitfinex |
| SUI | 0.69 % | 5.0 % | ★ Bitfinex |
| SOL | 0.24 % | 2.5 % | ★ Bitfinex |
| ETC | — | 18.6 % | ★ Bitfinex |
| XLM | — | 18.2 % | ★ Bitfinex |
| ALGO | — | 15.7 % | ★ Bitfinex |
| AVAX | — | 14.6 % | ★ Bitfinex |
| UNI | — | 9.94 % | ★ Bitfinex |
| XAUT | — | 7.62 % | ★ Bitfinex |
| ADA | — | 7.23 % | ★ Bitfinex |
| BCH | — | 7.0 % | ★ Bitfinex |
| FIL | — | 6.91 % | ★ Bitfinex |
| DASH | — | 6.26 % | ★ Bitfinex |
| SHIB | — | 3.65 % | ★ Bitfinex |
| ZEC | — | 3.56 % | ★ Bitfinex |
| XMR | — | 2.92 % | ★ Bitfinex |
| MON | 1.09 % | — | ★ Backpack Exchange |
| LINK | — | 1.03 % | ★ Bitfinex |
| USDC | 0.73 % | — | ★ Backpack Exchange |
| XPL | 0.63 % | — | ★ Backpack Exchange |
| DOGE | 0.37 % | — | ★ Backpack Exchange |
| APT | 0.27 % | — | ★ Backpack Exchange |
| SEI | 0.12 % | — | ★ Backpack Exchange |
| ETH | 0.09 % | — | ★ Backpack Exchange |
| BNB | 0.03 % | — | ★ Backpack Exchange |
| BTC | 0.03 % | — | ★ Backpack Exchange |
| HYPE | 0.02 % | — | ★ 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.