Backpack vs Kraken Pro Comparison

Backpack

2.1of 5

Kraken Pro

Winner

4.4of 5

Go to Kraken Pro

0.08/0.10% spot, 0.02/0.05% futures; 0.85% swap	Fees	0.4 %
~€5.75	Cost for €1,000	€ 4.10
~50+	Cryptos	380+
Card, bank via Banxa; SEPA limited	Payment Methods	SEPA Instant Transfer, SEPA Transfer, PayPal, Credit Card
VARA (Dubai); EU rollout via FTX EU only now	Regulation	- EU: MiCA - USA: CFTC - UK: FCA

Backpack

Kraken ProWinner

Pros & Cons

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

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	✓

BackpackHighlights

Maker fees starting at 0.08% are considered low
VARA license in Dubai
Wallet and exchange on one platform

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)	Company	Payward Inc.
Dubai (VARA)	Headquarters	—
2023	Founded	2011
VARA (Dubai); EU rollout via FTX EU only now	Regulation	- EU: MiCA - USA: CFTC - UK: FCA
Unclear	Minimum Amount	€ 5
Yes	KYC	Photo ID, VideoIdent

Backpack Reviews Kraken Pro Reviews

Backpack vs Kraken Pro Comparison

Backpack

2.1of 5

Kraken Pro

Winner

4.4of 5

Go to Kraken Pro

0.08/0.10% spot, 0.02/0.05% futures; 0.85% swap	Fees	0.4 %
~€5.75	Cost for €1,000	€ 4.10
~50+	Cryptos	380+
Card, bank via Banxa; SEPA limited	Payment Methods	SEPA Instant Transfer, SEPA Transfer, PayPal, Credit Card
VARA (Dubai); EU rollout via FTX EU only now	Regulation	- EU: MiCA - USA: CFTC - UK: FCA

Pros & Cons

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

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	✓

BackpackHighlights

Maker fees starting at 0.08% are considered low
VARA license in Dubai
Wallet and exchange on one platform

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