YieldCompare · head to head
Backpack Exchange vs MEXC Earn
Asset-by-asset comparison of rates and risk profiles
Short answer
Neither is safer on our checks — Backpack Exchange and MEXC Earn both pass 3 of five.
On rates, the highest advertised APY is 2.88 % at Backpack Exchange and 20 % at MEXC 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 → 
MEXC Earn
Safety grade C
5 checks ✗ ✓ ✓ ✓ ✗
USDT 3.5 %
BTC 0.05 %
ETH 1.0 %
Top product CRCLX · 20 %
Products tracked 19
Coins tracked 19
Jurisdiction Seychelles
Founded 2018
Min deposit $1
Open MEXC Earn → Coin by coin
Shared coins, side by side
| Asset | Backpack Exchange | MEXC Earn | Winner |
|---|---|---|---|
| USDT | 2.88 % | 3.5 % | ★ MEXC Earn |
| SOL | 0.24 % | 3.5 % | ★ MEXC Earn |
| USDC | 0.73 % | 1.0 % | ★ MEXC Earn |
| SUI | 0.69 % | 1.0 % | ★ MEXC Earn |
| ETH | 0.09 % | 1.0 % | ★ MEXC Earn |
| HYPE | 0.02 % | 1.0 % | ★ MEXC Earn |
| DOGE | 0.37 % | 0.5 % | ★ MEXC Earn |
| BTC | 0.03 % | 0.05 % | ★ MEXC Earn |
| CRCLX | — | 20 % | ★ MEXC Earn |
| TSLAX | — | 20 % | ★ MEXC Earn |
| TRX | — | 10 % | ★ MEXC Earn |
| DATA | — | 3.0 % | ★ MEXC Earn |
| USDGO | — | 3.0 % | ★ MEXC Earn |
| USD1 | — | 2.0 % | ★ MEXC Earn |
| MON | 1.09 % | — | ★ Backpack Exchange |
| MOVE | — | 1.0 % | ★ MEXC Earn |
| TAO | — | 1.0 % | ★ MEXC Earn |
| XPL | 0.63 % | — | ★ Backpack Exchange |
| XRP | — | 0.5 % | ★ MEXC Earn |
| SHIB | — | 0.4 % | ★ MEXC Earn |
| APT | 0.27 % | — | ★ Backpack Exchange |
| SEI | 0.12 % | — | ★ Backpack Exchange |
| PEPE | — | 0.1 % | ★ MEXC Earn |
| BNB | 0.03 % | — | ★ Backpack Exchange |
Safety — check by check
| Check | C Backpack Exchange | C MEXC Earn |
|---|---|---|
| Regulation | ✓ | ✗ |
| Proof-of-Reserves | ✓ | ✓ |
| Flexible withdrawal | ✓ | ✓ |
| Insurance Fund | ✗ | ✓ |
| Track record (2+ years incident-free) | ✗ | ✗ |
| Score | 3/5 · C | 3/5 · C |
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.