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 2.88 % at Backpack Exchange and 13.7 % at Kraken Earn. 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 → 
Kraken Earn
Safety grade B
5 checks ✓ ✓ ✓ ✗ ✓
USDT 5.5 %
BTC 0.1 %
ETH 2.36 %
Top product SCRT · 13.7 %
Products tracked 30
Coins tracked 30
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 | 1.09 % | 5.75 % | ★ Kraken Earn |
| USDT | 2.88 % | 5.5 % | ★ Kraken Earn |
| SOL | 0.24 % | 2.78 % | ★ Kraken Earn |
| ETH | 0.09 % | 2.36 % | ★ Kraken Earn |
| SEI | 0.12 % | 1.97 % | ★ Kraken Earn |
| USDC | 0.73 % | 1.75 % | ★ Kraken Earn |
| HYPE | 0.02 % | 1.1 % | ★ Kraken Earn |
| BNB | 0.03 % | 0.45 % | ★ Kraken Earn |
| DOGE | 0.37 % | 0.1 % | ★ Backpack Exchange |
| BTC | 0.03 % | 0.1 % | ★ Kraken Earn |
| SCRT | — | 13.7 % | ★ Kraken Earn |
| MINA | — | 11.6 % | ★ Kraken Earn |
| ATOM | — | 10.4 % | ★ Kraken Earn |
| KSM | — | 8.09 % | ★ Kraken Earn |
| DYM | — | 8.05 % | ★ Kraken Earn |
| FLOW | — | 8.0 % | ★ Kraken Earn |
| GRT | — | 4.8 % | ★ Kraken Earn |
| KAVA | — | 4.2 % | ★ Kraken Earn |
| XTZ | — | 3.98 % | ★ Kraken Earn |
| INJ | — | 3.7 % | ★ Kraken Earn |
| AVAX | — | 3.23 % | ★ Kraken Earn |
| ADA | — | 2.72 % | ★ Kraken Earn |
| TIA | — | 2.6 % | ★ Kraken Earn |
| NEAR | — | 2.5 % | ★ Kraken Earn |
| TRX | — | 1.79 % | ★ Kraken Earn |
| DOT | — | 1.54 % | ★ Kraken Earn |
| POL | — | 1.13 % | ★ Kraken Earn |
| SUI | 0.69 % | — | ★ Backpack Exchange |
| XPL | 0.63 % | — | ★ Backpack Exchange |
| APT | 0.27 % | — | ★ Backpack Exchange |
| XRP | — | 0.1 % | ★ Kraken Earn |
| LTC | — | 0.1 % | ★ Kraken Earn |
| LINK | — | 0.1 % | ★ Kraken Earn |
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.