Venues / Wallet
Wallet · Solana · Ethereum · Optimism · Arbitrum · Polygon · Base · Sonic · MonadBackpack
Backpack Wallet is a self-custodial multi-chain wallet (Solana, Ethereum, Arbitrum, Optimism, Polygon, Base, Sonic and more) from Backpack Technologies Ltd., with built-in swaps and bridging at a flat 0.85% swap fee. The same company group runs Backpack Exchange, a separate KYC'd centralized exchange regulated in the EU through Backpack EU, which Backpack says returned funds to 110K former FTX EU clients in September 2025.
Cost: Backpack Wallet charges a flat 0.85% fee on swaps, already included in displayed rates, plus network and DEX fees. Backpack Exchange (separate product) charges 0.08% maker / 0.10% taker on spot and 0.02% / 0.05% on futures at Tier 1. A $1,000 buy-and-sell costs about $17.00 in Backpack fees.
Checked 2026-10-16 · sources belowMore on Backpack: Is it legit?
- Status
- live
- Custody
- non-custodial
- KYC
- none
- Platforms
- ios, android, extension
- Round trip fee
- 1.7%
- Launched
- —
Best for: Solana and EVM users who want a self-custodial wallet tied to the Backpack/Mad Lads ecosystem and an optional regulated exchange.
Backpack fees
| Fee | Type | Rate | Applies to | Note |
|---|---|---|---|---|
| Backpack swap fee | platform | 0.85% | Buy and sell | Flat 0.85% transaction fee on swaps per wallet terms (last updated 2026-01-31); rates shown include the fee. |
| DEX / liquidity fees | lp | — | Buy and sell | Charged by the decentralized exchanges routed to. |
| Network fee | network | — | Buy and sell | Paid to the underlying chain. |
| Trade size | Backpack fee, buy + sell |
|---|---|
| $100 | $1.70 |
| $1,000 | $17.00 |
| $10,000 | $170.00 |
Platform fees only. On-chain network/priority fees, pool (LP) fees and price impact are extra and vary by trade.
Is Backpack legit?
Wallet is self-custodial with Ledger, Trezor and Keystone hardware support and multisig. Backpack Exchange is a separate custodial, KYC-required product.
Backers: Series A (investors and amount not stated in source), 2024-02.
Incidents on record
- 2022-11: Lost 88% of corporate treasury in FTX collapse. Backpack's own company timeline states it lost 88% of its corporate treasury on FTX in November 2022. User wallet funds are self-custodial; the source does not report user losses. Source
The full "is Backpack legit?" check →
Where Backpack is available
| Region | Status |
|---|---|
| United States | Available |
| United Kingdom | Available |
| European Union | Available |
Wallet terms restrict only sanctioned persons and embargoed jurisdictions. Backpack Exchange availability differs: it operates in the US via Trek Labs, Inc. with state-by-state licensing (some states 'Coming Soon'), and in the EU via Backpack EU. (source)
We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.
Pros and cons
Pros
- Self-custodial wallet covering Solana, Ethereum, Arbitrum, Optimism, Polygon, Base and Sonic.
- Supports Ledger, Trezor and Keystone hardware wallets plus multisig.
- Swap fee is a disclosed flat 0.85%, included in displayed rates.
- Optional sister exchange is licensed in the EU (MiFID II via CySEC; MiCA CASP via Latvijas Banka).
Cons
- 0.85% wallet swap fee means a 1.7% buy-and-sell round trip before DEX and network fees.
- Referral rewards apply to Backpack Exchange trading, not wallet swaps.
- Company says it lost 88% of its corporate treasury in the 2022 FTX collapse.
- Extension officially supports only Chrome, Brave and Edge.
Features
swapsbridgestakingnft lockingmultisighardware wallet supportmobile appbrowser extensionmoonpay on/off-ramp
Backpack referral code
What you get: Not documented. Codes only apply at signup.
What the referrer gets: 10% of trading fees generated by new KYC'd users (Backpack Exchange program)
Alternatives to Backpack
Rabby
EVM users who want pre-signing transaction simulation and approval controls, with low-fee in-wallet swaps across many chains.
Round trip: 0.5%
Trust Wallet
Mobile-first users who hold assets across many chains (100+) and want in-app swaps, staking and perps in one self-custodial wallet.
Round trip: 1.4%
Phantom
Solana-first users who want one self-custodial app for swaps, cross-chain swaps, Hyperliquid perps and predictions.
Round trip: 1.7%
MetaMask
Users who want one self-custodial wallet across EVM chains, Solana and Bitcoin, with built-in swaps, bridging and (outside the US/UK) perps.
Round trip: 1.75%
Head to head
Where Backpack ranks
- #2 in Best memecoin trading apps available in the USof 6
- #4 in Wallets with the lowest swap feesof 8
- #5 in Best Solana walletsof 7
- #5 in Crypto trading venues available in the UKof 8
- #6 in Best crypto wallets for memecoinsof 8
- #9 in Best memecoin trading appsof 10
- #9 in Cheapest Solana trading platformsof 10
- #9 in Cheapest way to trade Pump.fun coinsof 10
- #9 in Best apps to buy meme coinsof 10
- #9 in Crypto trading venues available in the EUof 10
- #9 in Best memecoin platforms for beginnersof 10
- #10 in Lowest-fee crypto trading appsof 10
Backpack FAQ
Is Backpack legit?
Backpack Wallet is a self-custodial wallet from Backpack Technologies Ltd., founded by Anchor creator Armani Ferrante; the wallet company was incorporated in April 2022. Backpack says it lost 88% of its corporate treasury on FTX in November 2022. Its sister Backpack Exchange is KYC'd and licensed in the EU via Backpack EU.
What is Backpack Wallet's swap fee?
Backpack's wallet terms state a flat 0.85% transaction fee on swaps, and the rates shown in the app already include it. DEX and network fees are separate.
Which chains does Backpack Wallet support?
Backpack's help center lists Solana, Ethereum, Optimism, Arbitrum, Polygon, Base and Sonic, with more on the way; its bridge guide also references Monad wallets.
Is Backpack Wallet the same as Backpack Exchange?
No. The wallet is self-custodial software. Backpack Exchange is a separate centralized exchange requiring KYC, with spot fees of 0.08% maker / 0.10% taker at Tier 1, operating in the EU through Backpack EU and in the US through Trek Labs, Inc.
Does Backpack have a referral program?
Backpack Exchange pays referrers 10% of the trading fees generated by new users who sign up with their code and complete KYC. Codes can't be added after KYC. No separate wallet-swap referral program was found.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Backpack app homepage — checked 2026-10-16
- Backpack Wallet Terms and Conditions — checked 2026-10-16
- What is Backpack Wallet? — checked 2026-10-16
- Backpack Wallet: Add Network — checked 2026-10-16
- Backpack Wallet: Supported Browsers and Platforms — checked 2026-10-16
- Backpack Wallet: Swap Tokens — checked 2026-10-16
- Backpack Wallet: Bridge Assets Across Networks — checked 2026-10-16
- Backpack Exchange Referrals — checked 2026-10-16
- Backpack Exchange Trading Fees — checked 2026-10-16
- About Backpack — checked 2026-10-16
- Is Backpack Exchange Regulated in Europe? — checked 2026-10-16
- Backpack: States Where We Operate — checked 2026-10-16