YieldCompare · head to head
Backpack Exchange vs Nexo
Asset-by-asset comparison of rates and risk profiles
Short answer
Neither is safer on our checks — Backpack Exchange and Nexo both pass 3 of five.
On rates, the highest advertised APY is 2.88 % at Backpack Exchange and 8.0 % at Nexo. 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 → 
Nexo
Safety grade C
5 checks ✗ ✓ ✓ ✓ ✗
USDT —
BTC 1.35 %
ETH 2.25 %
Top product DOT · 8.0 %
Products tracked 25
Coins tracked 25
Jurisdiction EU (Lithuania), Switzerland
Founded 2018
Min deposit $1
Open Nexo → Coin by coin
Shared coins, side by side
| Asset | Backpack Exchange | Nexo | Winner |
|---|---|---|---|
| SOL | 0.24 % | 3.5 % | ★ Nexo |
| ETH | 0.09 % | 2.25 % | ★ Nexo |
| BTC | 0.03 % | 1.35 % | ★ Nexo |
| DOT | — | 8.0 % | ★ Nexo |
| KSM | — | 7.0 % | ★ Nexo |
| ATOM | — | 6.0 % | ★ Nexo |
| AXS | — | 5.5 % | ★ Nexo |
| TRX | — | 4.0 % | ★ Nexo |
| XLM | — | 4.0 % | ★ Nexo |
| BCH | — | 4.0 % | ★ Nexo |
| LTC | — | 3.5 % | ★ Nexo |
| NEAR | — | 3.25 % | ★ Nexo |
| XRP | — | 3.15 % | ★ Nexo |
| AVAX | — | 3.0 % | ★ Nexo |
| USDT | 2.88 % | — | ★ Backpack Exchange |
| ADA | — | 2.75 % | ★ Nexo |
| APE | — | 2.25 % | ★ Nexo |
| LINK | — | 1.75 % | ★ Nexo |
| S | — | 1.75 % | ★ Nexo |
| MON | 1.09 % | — | ★ Backpack Exchange |
| GRT | — | 1.0 % | ★ Nexo |
| INJ | — | 1.0 % | ★ Nexo |
| TIA | — | 1.0 % | ★ Nexo |
| POL | — | 0.9 % | ★ Nexo |
| ARB | — | 0.75 % | ★ Nexo |
| USDC | 0.73 % | — | ★ Backpack Exchange |
| SUI | 0.69 % | — | ★ Backpack Exchange |
| XPL | 0.63 % | — | ★ Backpack Exchange |
| PAXG | — | 0.5 % | ★ Nexo |
| DOGE | 0.37 % | — | ★ Backpack Exchange |
| APT | 0.27 % | — | ★ Backpack Exchange |
| AAVE | — | 0.25 % | ★ Nexo |
| SEI | 0.12 % | — | ★ Backpack Exchange |
| BNB | 0.03 % | — | ★ Backpack Exchange |
| HYPE | 0.02 % | — | ★ Backpack Exchange |
Safety — check by check
| Check | C Backpack Exchange | C Nexo |
|---|---|---|
| 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.