Backpack vs Kraken Pro Comparison

Backpack
Backpack
2.1of 5
Go to Backpack
vs
Kraken Pro
Kraken Pro
Winner
4.4of 5
Go to Kraken Pro
0.08/0.10% spot, 0.02/0.05% futures; 0.85% swapFees0.4 %
~€5.75Cost for €1,000€ 4.10
~50+Cryptos380+
Card, bank via Banxa; SEPA limitedPayment MethodsSEPA Instant Transfer, SEPA Transfer, PayPal, Credit Card
VARA (Dubai); EU rollout via FTX EU only nowRegulation- EU: MiCA - USA: CFTC - UK: FCA

Pros & Cons

Backpack
Backpack
Pros
  • Low maker fees starting at 0.08% and taker fees starting at 0.10%
  • Staking is available
  • Wallet and exchange in one ecosystem
  • VARA license in Dubai
Cons
  • Cost transparency is seen as room for improvement – hidden costs occasionally criticized
  • Wallet transfer fees are not disclosed
  • No savings plan available
  • Swap fees of 0.85% occasionally criticized
Backpack Reviews
Kraken Pro
Kraken Pro
Pros
  • Volume-based maker/taker fees from 0.25% / 0.40%
  • Pro order types: stop-loss, take-profit, trailing stop, iceberg, OCO
  • Margin trading up to 5x (selected pairs up to 10x)
  • Full-featured API: REST and WebSocket v2 incl. Level 3 order book
  • Shared account with standard Kraken -- no transfer required
  • Active in the market since 2011 with unchanged security record
Cons
  • Learning curve compared to the standard interface has room for improvement
  • Margin availability regionally restricted within the EEA
  • Futures run on a separate derivatives platform with own onboarding
  • Lowest fee tiers only reachable from high 30-day volume onward
Kraken Pro Reviews

Features

BackpackKraken Pro
✓Savings plan✓
✓Staking✓
✓Wallet transfer✓
✓Cost transparency✓
✓2FA security✓
✓SEPA transfer✓
✓Credit card✓
✓Minimum amount✓
✓Mobile app (iOS/Android)✓
✓Web platform✓
✓Maker/Taker Model✓
✓Margin Trading✓
✓Futures/Derivatives✓
✓Order Types✓
✓API✓
✓Charts✓
✓Mobile App (Pro Mode)✓
✓Asset Selection✓
✓2FA Security✓
✓Cold Storage✓
Backpack
BackpackHighlights
  • Maker fees starting at 0.08% are considered low
  • VARA license in Dubai
  • Wallet and exchange on one platform
Kraken Pro
Kraken ProHighlights
  • Volume-based fee model from 0.25% maker / 0.40% taker
  • Pro order types including iceberg and OCO bracket
  • Margin trading with up to 5x leverage across 150+ markets
  • API access for REST and WebSocket v2

Details

BackpackKraken Pro
Trek Labs (FTX ties)CompanyPayward Inc.
Dubai (VARA)Headquarters—
2023Founded2011
VARA (Dubai); EU rollout via FTX EU only nowRegulation- EU: MiCA - USA: CFTC - UK: FCA
UnclearMinimum Amount€ 5
YesKYCPhoto ID, VideoIdent
Backpack ReviewsKraken Pro Reviews