Backpack review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Backpack suits traders who want crypto, stocks and ETFs in one custodial app rather than a bare exchange. It charges a taker fee of 0.1% and a maker fee of 0.08% under a Latvijas Banka registration, with commission-free stock and ETF dealing at a stock trade fee of $0.
Key facts
- Best for
- One low-fee app for crypto, stocks, ETFs and futures with a licensed exchange behind it.
- Taker fee
- 0.1%↗
- Coins listed
- 46↗
- Regulators
- Latvijas Banka↗
- Maker fee
- 0.08%↗
- Proof of reserves
- Yes↗
- Withdrawal fee
- varies by asset↗
- Derivatives
- Yes↗
- Exchange type
- Cex↗
- Legal entity
- "Trek Technologies" SIA↗
- Headquarters
- Latvia↗
- Founded
- 2023↗
- Support channels
- Email, Help-centre↗
- Features
- Custodial, Staking
- Official website
- backpack.exchange
Brokers
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- Stock and ETF dealing is commission-free under commission free, with a stock trade fee of $0.
- Trading costs stay low, with a taker fee of 0.1% and a maker fee of 0.08%, and proof of reserves is published.
- Backpack is licensed by Latvijas Banka under registration MiCA CASP 6488C2PNI17093U2YA18, with investor protection of EU ICS up to EUR 20,000.
- One app covers stocks, etfs and crypto, with staking and a custodial wallet alongside the exchange.
Cons
- The coin list is short, with 46 coins listed against a site median of 74.5.
- Support runs on email and help centre, so there is no phone line or live chat.
- Withdrawal fees varies by asset, so moving coins off the platform costs different amounts per asset.
Who it suits
- Traders who want crypto, stocks and ETFs in one custodial app.
- Fee-sensitive crypto traders, since the taker fee of 0.1% sits below the site median of 0.2%.
- EU-based users who want a licensed exchange with stated investor protection.
Who should look elsewhere
- Traders hunting obscure coins, since 46 coins is a short list and eToro, at a taker fee of 1%, is the one to check.
- Anyone who wants to hold keys themselves, because custodial and staking shows a custodial setup, which is the opposite of what Vivid Plus users, paying 2.25%, may prefer.
Who runs it
Backpack runs through "Trek Technologies" SIA, registered in Latvia and founded in 2023. The exchange is licensed by Latvijas Banka under registration MiCA CASP 6488C2PNI17093U2YA18. Investor protection is stated as EU ICS up to EUR 20,000, which puts eligible balances inside the EU scheme. Support runs on email and help centre, so help arrives in writing rather than by phone.
How Backpack compares
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8.9 vs 8.4- 8.9 vs 8.0
Where Backpack is available
- Licence in Latvia
- Latvijas Banka (MiCA CASP 6488C2PNI17093U2YA18), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Greece, Spain, Finland, France, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Frequently asked questions
How much does it cost to trade on Backpack?+
Trading fees are low. The taker fee is 0.1% and the maker fee is 0.08%, against a site median taker fee of 0.2%. Stock and ETF dealing is commission-free under commission free, and cash earns 6.5%.
Is Backpack regulated, and what protection do I get?+
Backpack is licensed by Latvijas Banka under registration MiCA CASP 6488C2PNI17093U2YA18, and the legal entity is "Trek Technologies" SIA in Latvia. Investor protection is stated as EU ICS up to EUR 20,000, and the exchange also publishes proof of reserves so balances can be checked.
What can I actually trade on Backpack?+
Markets cover stocks, etfs and crypto. The exchange is custodial by design, with staking included, and derivatives are offered. The wallet is mobile, so balances and the trading app sit in the same place rather than in a separate product.
How many coins are listed?+
The exchange lists 46 coins, which is short for a crypto exchange. That places it at 106 of 176 brands on this measure, so expect the larger, liquid tokens rather than long-tail listings.
What are the fees for taking money out?+
Withdrawal fees varies by asset, so the cost of moving a coin off the exchange depends on which asset you send. Trading itself costs less, with a taker fee of 0.1% and a maker fee of 0.08%.
Can I reach a person if something goes wrong?+
Support runs on email and help centre, so questions are handled by email and through the help centre rather than by phone or live chat. Budget for a written reply on anything urgent, especially withdrawals where varies by asset.
Who is Backpack for?+
It fits traders who want crypto, stocks and ETFs from one app and are comfortable leaving coins with the exchange, since custodial and staking shows a custodial setup. Stock dealing at a stock trade fee of $0 appeals to anyone mixing equities and crypto.
Is Backpack an exchange or a wallet?+
It is a centralised exchange, cex, paired with a mobile wallet in the same app. The exchange type matters for custody: your coins are held for you, and proof of reserves is published.
How risky is trading crypto on exchanges like this?+
Most retail accounts on the site lose money, 70.15% overall, with the common range running from 65.75% to 74.5%. Cheap fees are a cost edge, not a safety signal, and Backpack's overall score is 5.4.
Sources
- defillama.com/cex/backpack checked September 26, 2026
Backs: Proof of reserves
“slug=backpack; category=CEX; tvl=635986424.892261”
- coingecko.com/en/exchanges/backpack_exchange checked September 26, 2026
Backs: Founded, Coins supported, Coins listed
“year_established=2023”
- esma.europa.eu/sites/default/files/2024-12/CASPS.csv checked September 26, 2026
Backs: Headquarters, Investor protection, Legal entity, Regulators, Licences
“ae_homeMemberState=LV”
- backpack.app/download checked September 26, 2026
Backs: Wallet type
“Available for iOS, Android, and select browsers”
- backpack.exchange checked September 26, 2026
Backs: Derivatives, Exchange type, Features, Markets, Pricing model, Stock trade fee
“Perps and spot, one margin system”
- backpack.exchange/stocks/about checked September 26, 2026
Backs: Interest on cash
“Earn up to 6.5% APY on USD, including collateral - stocks account”
- fxempire.com/exchanges/backpack-exchange checked September 26, 2026
Backs: Maker fee, Taker fee, Withdrawal fee
“Spot trading fees: 0.08% maker / 0.1% taker”
- support.backpack.exchange/exchange/programs/affiliate-pro... checked September 26, 2026
Backs: Support channels
“For any questions or assistance reach out to our team at vip@backpack.exchange”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Fiat deposit methods.
Related by the facts
Backpack
One low-fee app for crypto, stocks, ETFs and futures with a licensed exchange behind it.