YieldCompare · head to head
Backpack Exchange vs Ledn
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 Ledn passes 1.
On rates, the highest advertised APY is 2.88 % at Backpack Exchange and 5.0 % at Ledn. 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 → 
Ledn
Safety grade F
5 checks ✗ ✓ ✗ ✗ ✗
USDT 5.0 %
BTC —
ETH —
Top product USDT · 5.0 %
Products tracked 2
Coins tracked 2
Jurisdiction Cayman Islands
Founded 2018
Min deposit $10
Open Ledn → Coin by coin
Shared coins, side by side
| Asset | Backpack Exchange | Ledn | Winner |
|---|---|---|---|
| USDT | 2.88 % | 5.0 % | ★ Ledn |
| USDC | 0.73 % | 5.0 % | ★ Ledn |
| MON | 1.09 % | — | ★ Backpack Exchange |
| SUI | 0.69 % | — | ★ Backpack Exchange |
| XPL | 0.63 % | — | ★ Backpack Exchange |
| DOGE | 0.37 % | — | ★ Backpack Exchange |
| APT | 0.27 % | — | ★ Backpack Exchange |
| SOL | 0.24 % | — | ★ 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 | F Ledn |
|---|---|---|
| Regulation | ✓ | ✗ |
| Proof-of-Reserves | ✓ | ✓ |
| Flexible withdrawal | ✓ | ✗ |
| Insurance Fund | ✗ | ✗ |
| Track record (2+ years incident-free) | ✗ | ✗ |
| Score | 3/5 · C | 1/5 · F |
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.