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Backpack

Updated: Aug 5, 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
Other
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
Aug 5, 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.

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 China applicability

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

China applicability

The source text is retained below.

Original

1、中国大陆:目前不可申请或使用 Backpack Card;卡片尚未正式发行,不能获取卡号、绑定支付钱包、线上付款、线下刷卡或 ATM 取现。

2、香港:目前不可申请或使用 Backpack Card;卡片尚未正式发行,不能获取卡号、绑定支付钱包、线上付款、线下刷卡或 ATM 取现。

3、澳门:目前不可申请或使用 Backpack Card;卡片尚未正式发行,不能获取卡号、绑定支付钱包、线上付款、线下刷卡或 ATM 取现。

4、台湾:目前不可申请或使用 Backpack Card;卡片尚未正式发行,不能获取卡号、绑定支付钱包、线上付款、线下刷卡或 ATM 取现。

Updated: Aug 5, 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

User reviews

Showing 10 approved reviews matched to this card

Newest first
Florian Ramseytrustpilot1 / 5

i am sitting here stuck in a huge…

i am sitting here stuck in a huge traffic jam on the highway, cars completely stopped, and i am losing it because Backpack completely rug pulled me. This is a total rug pull, my funds are locked, and they're denying my withdrawals for absolutely no reason. i tried to transfer my solana out to my cold wallet and it just stays pending forever. i am totally rekt, my portfolio is down, and their support is non-existent. They have zero security and zero customer service, just stealing people's hard-earned money. i thought this was the new alpha but it's just a scam. If u have assets on there u're ngmi. i was desperate and didn't know what to do because they took my life savings, but then i had to hire Guerrilla Chargeback to get my funds back. That service is the only way to recover anything from these thieves because the official channels are a joke. Backpack is running a fractional reserve or something because why else would they block transactions? Don't trust their platform, it's a complete fraud and they'll lock your account the moment u try to take out any real volume. i am so angry right now, sweating in this car, watching my balance disappear into their pockets. If it wasn't for Guerrilla Chargeback i would have lost everything. They're scammers who don't care about users.
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Paul berinapp_store1 / 5

From Hype to Disappointment

Ordinary users either gamble heavily on BP tokens or act as “referral brokers” to get card invites, and neither path is appealing. Using an exchange directly, like OKX, is far better, and the card still requires an e‑card. I’m already planning to close and uninstall my BP account.
View original
Sérgio Pimentelgoogle_play1 / 5

Backpack: Buy SOL, BTC, Crypto Google Play review - 1 star

Opening an account was very hard, submitted all that was required and the validation never came through. Never got to use it and decided to request the deletion of all data related to the process. I don't think I'll come back any time soon.
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abdelaziz ait mansourgoogle_play1 / 5

Backpack: Buy SOL, BTC, Crypto Google Play review - 1 star

I'm blind and I'm using a screen reader, it's been months now the app is no longer accessible with screen readers. all I can hear is possible or touchable. the only thing accessible, is the tabs at the bottom. I can't trade anymore. it's been months now since my first review the issue is still there. I get in touch with the team but unfortunately no issue has been solved this is rubbish exchange and wallet.
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Lion Fyapp_store5 / 5

Best Wallet

The Best Platform Wallet forever,,,
View original
hammad saeedgoogle_play5 / 5

Backpack: Buy SOL, BTC, Crypto Google Play review - 5 star

The app's functionality is good, but the UI feels outdated. Focus only on improving the user interface by giving it a more modern, clean, and aesthetically pleasing design. Refresh the overall look, improve spacing, typography, colors, icons, and redesign the sidebar and wallet section to provide a polished, modern user experience. No functional changes are needed—only UI improvements.
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unatural autosexual male confessionistgoogle_play2 / 5

Backpack: Buy SOL, BTC, Crypto Google Play review - 2 star

add virtual trading too and to add virtual funds for spot and futures
View original
Willis Mobile Joint Paymentgoogle_play2 / 5

Backpack: Buy SOL, BTC, Crypto Google Play review - 2 star

I am using squads multi signed wallet and have had a problem recently when linking up with the backpack wallet. The connection was lost and locked me out a sec later. please fix the bugs
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Edwardtrustpilot5 / 5

Works well

Works well, great rate when staking Solana, easy to use app.
View original
KosmoCramerapp_store1 / 5

Removed Browser

Removed the browser.. why? No use for the app anymore
View original

Risk factors

Updated: Aug 5, 2026

No risk factors are available