Frequently asked questions about Backpack Exchange: safety, fees, supported countries, KYC, deposit methods, referral program, and more.
Yes. Backpack Exchange holds a Dubai VARA license and is MiFID II regulated through its FTX EU acquisition. It has maintained zero security breaches since its 2022 launch, uses cold storage, and supports 2FA.
Backpack offers industry-low fees: 0.02% maker and 0.06% taker for both spot and futures trading. Crypto deposits are free, and the Backpack Wallet offers zero-fee swaps and bridges.
Backpack Exchange is available in most countries worldwide. With VARA licensing in Dubai and MiFID II status in Europe, it serves users across Asia, Europe, Middle East, and more. Some restrictions may apply based on local regulations.
Yes, KYC (Know Your Customer) verification is required as Backpack is a fully regulated exchange. The process is quick and typically approved within minutes. You need a government-issued ID and a selfie.
Backpack supports crypto deposits from all major blockchains with zero fees. Fiat on-ramp options are available for select currencies. The Backpack Wallet also supports zero-fee swaps and bridges across supported networks.
When you register through a referral link, you receive a 20% trading fee commission rebate. You also get your own referral code to share with friends, earning 20% of their trading fees automatically.
Backpack supports major cryptocurrencies including BTC, ETH, SOL, USDC, USDT, and many altcoins. New tokens are regularly listed, including meme coins and gaming tokens. Perpetual futures are available for top assets.
Backpack offers 24/7 customer support via in-app chat and email. Support is available in multiple languages including English, Chinese, Japanese, and Korean. The help center also provides comprehensive guides and FAQs.
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