Backpack Exchange

Backpack Exchange offers a regulated platform for trading various cryptocurrencies.

Founded

2023

Markets

About Backpack Exchange

Founded in 2023, Backpack Exchange is a centralized cryptocurrency exchange that adheres to regulations across multiple jurisdictions. It features a streamlined Know Your Customer (KYC) process, ensuring compliance while facilitating user access to its services. The exchange emphasizes low latency order execution and allows customers to maintain self-custody of their assets.

Backpack operates under the Virtual Asset Service Provider (VASP) license granted by the Dubai Virtual Assets Regulatory Authority (VARA), the first independent regulator for virtual assets globally. This framework ensures robust KYC requirements, investor protections, and regular audits, promoting transparency in its operations.

Pros

Regulated exchange with a focus on compliance and transparency
Supports USD as a fiat currency for trading

Cons

Limited to 51 markets for trading
Fees may be higher than some competitors

Fees

maker fee: 0.02%
taker fee: 0.05%

CoinMarketCap's own reported average fee, not the exchange's published tiered schedule.

Trading Features

Spot trading

Yes

Frequently Asked Questions

What are the trading fees on Backpack Exchange?

The trading fees are 0.02% for makers and 0.05% for takers.

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AIA Exchange

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Availability, fees and regulatory status vary by jurisdiction and change over time. Always confirm current terms directly on the exchange before trading.