What is Backpack? How does unified margin work? Is it regulated? We answer in plain language, with no marketing language and no fabricated numbers.
Backpack is a regulated cryptocurrency exchange and self-custody wallet built on a unified margin system. Spot, perpetuals, lending, prediction markets, and yield all operate from a single account.
A single account holds spot, perpetuals, lending, prediction markets, and yield. Idle collateral earns yield automatically, including unrealized PnL and locked collateral.
Backpack holds a MiCA license in the EU, a MiFID II / CySEC license for EU derivatives, a VARA license in Dubai, and is registered with FinCEN in the United States. Always verify the license number directly on the regulator's site.
Visit the official site, complete email verification and KYC, enable two-factor authentication, set a withdrawal allowlist, and fund the account.
The official iOS and Android apps are on the App Store and Google Play under "Backpack Crypto Wallet Exchange". Confirm the developer name before installing.
10+ networks including Solana, Ethereum, Monad, Base, Arbitrum, Sui, and Aptos, with cross-network swaps and direct transfer to the exchange balance.
Yes. Daily proof of reserves with on-chain attestations verified by OtterSec, covering USD, BTC, SOL, and additional assets.
Yes. Idle and locked collateral earns yield automatically. USD balances can opt in to U.S. Treasury bill yields; SOL stakers receive native staking rewards.
Sub-accounts isolate margin, positions, and risk parameters. They let you run multiple strategies in parallel without cross-contamination of risk.
Backpack provides two-factor authentication, withdrawal allowlists, hardware key support, and proof of reserves. As with any exchange, users should adopt personal security hygiene and start with small position sizes.
Leveraged trading carries liquidation risk, market risk, and smart contract risk. Past performance does not indicate future results. Never trade with funds you cannot afford to lose.
Check the URL bar, confirm the TLS certificate, and avoid links from DMs or unsolicited emails. Bookmark the official site after first verification.
No deposit fees. Network withdrawal fees apply and depend on the underlying chain's congestion. Always confirm the fee in-app before submitting.
Backpack supports most jurisdictions, with restrictions in sanctioned regions. Check the official terms of service for the current list of supported and restricted countries.
This guide, the official Backpack docs at docs.backpack.exchange, and the official Backpack site.
Read the registration guide — or continue to the official site.
