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Backpack

Updated: Sep 15, 2026

Backpack Card is a planned crypto payment product from Backpack Exchange that is expected to connect with the Backpack unified account, digital assets and BP participant programme. It is currently listed officially only as an upcoming benefit, with BP holders able to gain priority access by staking. The product is not yet open for formal applications or payment use, and its card network, card form, source of spending funds and specific settlement model have not yet been included in public product rules.
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Card network
Product type
Unconfirmed
Card form
Virtual card
Operating status
Waitlist
KYC level
Full KYC
Commercial relationship
No commercial relationship
Risk score
40-49
Supported assets
BTC
Last updated
Sep 15, 2026

Official and company information

Issuer identity and company credentials

Founded in 2022 (by former core Solana ecosystem developers), Backpack is a leading Web3 financial infrastructure and cryptocurrency trading platform. The platform integrates a popular self-custody wallet, high-concurrency crypto spot and derivatives trading systems, and acquired FTX's European subsidiary in 2024. Backpack adopts a "compliance-first" strategy and has achieved a rare "triple license" regulatory breakthrough in the EU (simultaneously holding a MiFID II investment firm license from Cyprus's CySEC, a MiCA crypto asset service provider license from the Bank of Latvia, and a PSD2 payment institution license), fully covering crypto, securities brokerage, and fiat/stablecoin payment collection and disbursement.
Company / issuer
Backpack
Legal name
Trek Labs, Inc
Registered region
United States (US)
Headquarters
Dubai
Company type
Crypto exchange
Verification status
Verified
Issuer website
Official link
Application page
Application link

Card overview

Backpack is a financial platform combining crypto trading, a self-custody wallet, lending, yield, and securities services. Backpack Card is included in the platform's future payment product range and is linked to the Backpack Participant Program. By staking BP, users can receive benefits such as priority access to new products based on their staking tier and holding period. Current active benefits mainly include trading-fee discounts, fiat deposit and withdrawal concessions, and access to certain platform features, while Backpack Card remains listed as coming soon. No official card application channel, issuing countries, virtual or physical format, card network, payment assets, spending-conversion method, or payment rules such as Apple Pay support have been published. It therefore cannot currently be used as an issued crypto card.
Other card experienceRegional availabilityTerms may change
Notice: No additional notice is available.

Usage scale & trends

Usage data is not available for this card yet. It will appear here when available.

Card variants and fee differences

Compare verified fee records across card forms and tiers

Backpack Card
Card formVirtual card
Fees
Monthly fee—
Card issuance fee—
ATM fee—
Foreign exchange fee—
Top-up fee—
Failed transaction fee—
Rewards
Cashback—
Crypto cashback—
Staking rewards
0%
Priority access to Backpack Card. Note: Staking BP grants priority access.
Staking APR—
Welcome bonus—
Referral bonus—
Limits
Daily spending limit—
Monthly spending limit—
ATM withdrawal limit—
Card network

Fees may vary by region, card tier, and official policy. Verify the latest official terms.

Regions and language support

Application status based on public sources, official policy, and user reports. This is not application advice.

Available regions

Applications or normal card activation are supported

1
No Open Regions
Evidence
Officially supported

Unsupported or restricted regions

Applications or features are unavailable or restricted

1
Global
Evidence
Officially restricted

Unconfirmed regions

Evidence is insufficient

0

No records

Evidence
Public sources

Availability in English-Speaking Markets

1. United States:Cannot apply,Can use,Backpack Card remains in closed beta with no public U.S. application program or country eligibility published; invited beta cardholders who have already been issued a card can use it for permitted transactions in the United States.
2. United Kingdom:Cannot apply,Can use,UK residents do not currently have a public application route because Backpack Card is limited to selected beta participants, while an already issued beta card can be used in the UK.
3. Canada:Cannot apply,Can use,Backpack has not opened the card publicly to Canadian residents and has not published Canada-specific issuance eligibility, but invited users who already hold the beta card can use it in Canada.
4. Australia:Cannot apply,Can use,Despite the beta card being issued through an Australian card partner, Backpack has not opened public applications to Australian residents; already issued beta cards can be used locally.
5. South Africa:Cannot apply,Can use,South African residents currently have no public route to obtain the card because access remains restricted to selected beta users, while an eligible beta card already issued can be used in South Africa.
6. New Zealand:Cannot apply,Can use,Backpack Card is not yet publicly available to New Zealand residents and country-level issuance rules have not been released, but already issued beta cards can be used in New Zealand.
7. Ireland:Cannot apply,Can use,Irish residents cannot currently apply through a public card program because Backpack Card remains in closed beta, while an eligible beta card already issued can be used in Ireland.

Updated: Sep 15, 2026

Policies may change at any time. Verify the latest issuer policy.

KYC requirements

Current identity-verification requirements and restrictions

KYC required

YesRequired

KYC level

Full KYCRequirement confirmed

Proof of address

YesRequired

Accepted documents

Unconfirmed

Review time / regional limits

Automatic review typically takes minutes to hours; manual review can take up to about three days.

KYC provider

Sumsub

Updated

Aug 5, 2026

Payment compatibility

Support status and update date by payment scenario · Actual availability may vary by region, merchant, and issuer policy

Compatibility overview12 scenarios
Supported0
Not supported12
UpdatedAug 5, 2026

Wallet payments

Alipay

Not supported

Aug 5, 2026

Wallet payments

Apple Pay

Not supported

Aug 5, 2026

Cash services

ATM withdrawal

Not supported

Aug 5, 2026

AI tools

ChatGPT

Not supported

Aug 5, 2026

AI tools

Claude

Not supported

Aug 5, 2026

Wallet payments

Google Pay

Not supported

Aug 5, 2026

AI tools

Midjourney

Not supported

Aug 5, 2026

In-person payments

Offline POS

Not supported

Aug 5, 2026

Online shopping

Online shopping

Not supported

Aug 5, 2026

Wallet payments

PayPal

Not supported

Aug 5, 2026

Subscriptions

Subscription payment

Not supported

Aug 5, 2026

Wallet payments

WeChat Pay

Not supported

Aug 5, 2026

Review

Read the editorial review, its verdict and latest update.

No review yet

No review has been published for this card. Published reviews appear here.

User reviews

Showing 10 approved reviews matched to this card

Newest first
cg_brownieapp_store★ 5 / 5

Best wallet/exchange

By far one of the best teams in crypto and now pushing into tokenizing stocks 1:1. Hard to beat how smooth this app is
View original
Bam Bammgoogle_play★ 5 / 5
mindblowing easy to use interface and ui//ux
View original
SAIFUL ISLAMgoogle_play★ 3 / 5
I really like Backpack’s clean and intuitive UI/UX. The app feels smooth and user-friendly. One feature I’d love to see added to the wallet section is an Address Book to save frequently used wallet addresses for quick and convenient access. This would make sending crypto much easier and reduce the risk of entering incorrect addresses. Hope to see this feature in a future update!
View original
tenkruxgoogle_play★ 1 / 5
UI is so bad I feel disgusted and assaulted
View original
AlwayslosesWTFDeGodapp_store★ 5 / 5

Backpack - You’re assets on you’re time

Backpack & Armani are goated. Huge thank you to all the support and discord team.
View original
Jeremy Driscollgoogle_play★ 1 / 5
Why in God's name did the automatically close and minimize every time you open it neither uninstall reinstall it.
View original
T REVgoogle_play★ 5 / 5
MY EMAIL WAS COMPROMISED ANYTHING IN MY WALLETS THAT WAS NOT SOLD IS NOT ME
View original
Yrtygfsapp_store★ 5 / 5

Easy to use

Another level exceed my expectations
View original

Risk factors

Updated: Aug 5, 2026

No risk factors are available

Frequently asked questions

Answers drawn from the published record on this page.

Does Backpack require KYC?

Our record lists the Backpack verification requirement as: Full KYC. Document and review details are in the KYC section of this page.

Does Backpack support Apple Pay and Google Pay?

Apple Pay: Not supported. Google Pay: Not supported.

Which assets can I top up Backpack with?

Our record lists Backpack support for: BTC.

Is Backpack a virtual or a physical card?

Backpack is offered as: Virtual card.

Where is Backpack available?

Our record lists 1 countries or regions as available and 1 as restricted. Country-by-country status is in the regions section of this page.