# Table of Contents - [Start Here | Backpack Exchange](#start-here-backpack-exchange) - [API Docs | Backpack Exchange](#api-docs-backpack-exchange) - [Welcome | Technical Docs | Backpack Exchange](#welcome-technical-docs-backpack-exchange) - [Onboarding | Technical Docs | Backpack Exchange](#onboarding-technical-docs-backpack-exchange) - [Trading | Technical Docs | Backpack Exchange](#trading-technical-docs-backpack-exchange) - [Margin | Technical Docs | Backpack Exchange](#margin-technical-docs-backpack-exchange) - [Settlement and Realization | Technical Docs | Backpack Exchange](#settlement-and-realization-technical-docs-backpack-exchange) - [Borrow & Lend | Technical Docs | Backpack Exchange](#borrow-lend-technical-docs-backpack-exchange) - [Fees | Technical Docs | Backpack Exchange](#fees-technical-docs-backpack-exchange) - [Spot Margin | Technical Docs | Backpack Exchange](#spot-margin-technical-docs-backpack-exchange) - [Utilization and Interest Rates | Technical Docs | Backpack Exchange](#utilization-and-interest-rates-technical-docs-backpack-exchange) - [Lending | Technical Docs | Backpack Exchange](#lending-technical-docs-backpack-exchange) - [Risks | Technical Docs | Backpack Exchange](#risks-technical-docs-backpack-exchange) - [Borrowing | Technical Docs | Backpack Exchange](#borrowing-technical-docs-backpack-exchange) - [Futures Specs | Technical Docs | Backpack Exchange](#futures-specs-technical-docs-backpack-exchange) - [Trading | Technical Docs Tài liệu Backpack | Backpack Exchange](#trading-technical-docs-t-i-li-u-backpack-backpack-exchange) - [Hướng dẫn bắt đầu giao dịch | Technical Docs Tài liệu Backpack | Backpack Exchange](#h-ng-d-n-b-t-u-giao-d-ch-technical-docs-t-i-li-u-backpack-backpack-exchange) - [Welcome | Technical Docs Tài liệu Backpack | Backpack Exchange](#welcome-technical-docs-t-i-li-u-backpack-backpack-exchange) - [Thanh toán và Chốt Lãi/Lỗ | Technical Docs Tài liệu Backpack | Backpack Exchange](#thanh-to-n-v-ch-t-l-i-l-technical-docs-t-i-li-u-backpack-backpack-exchange) - [Tỷ lệ sử dụng và Lãi suất | Technical Docs Tài liệu Backpack | Backpack Exchange](#t-l-s-d-ng-v-l-i-su-t-technical-docs-t-i-li-u-backpack-backpack-exchange) - [Ký Quỹ | Technical Docs Tài liệu Backpack | Backpack Exchange](#k-qu-technical-docs-t-i-li-u-backpack-backpack-exchange) - [Vay & Cho vay | Technical Docs Tài liệu Backpack | Backpack Exchange](#vay-cho-vay-technical-docs-t-i-li-u-backpack-backpack-exchange) - [Cho vay | Technical Docs Tài liệu Backpack | Backpack Exchange](#cho-vay-technical-docs-t-i-li-u-backpack-backpack-exchange) - [Vay Mượn | Technical Docs Tài liệu Backpack | Backpack Exchange](#vay-m-n-technical-docs-t-i-li-u-backpack-backpack-exchange) - [Các Rủi Ro | Technical Docs Tài liệu Backpack | Backpack Exchange](#c-c-r-i-ro-technical-docs-t-i-li-u-backpack-backpack-exchange) - [Добро пожаловать | Technical Docs Техническая документация | Backpack Exchange](#-technical-docs-backpack-exchange) - [Bienvenida | Technical Docs Documentación de Soporte | Backpack Exchange](#bienvenida-technical-docs-documentaci-n-de-soporte-backpack-exchange) - [Процесс регистрации | Technical Docs Техническая документация | Backpack Exchange](#-technical-docs-backpack-exchange) - [Ký quỹ giao ngay (Spot Margin) | Technical Docs Tài liệu Backpack | Backpack Exchange](#k-qu-giao-ngay-spot-margin-technical-docs-t-i-li-u-backpack-backpack-exchange) - [Уровень использования маржи и процентные ставки | Technical Docs Техническая документация | Backpack Exchange](#-technical-docs-backpack-exchange) - [Phí | Technical Docs Tài liệu Backpack | Backpack Exchange](#ph-technical-docs-t-i-li-u-backpack-backpack-exchange) - [Trading | Technical Docs Documentación de Soporte | Backpack Exchange](#trading-technical-docs-documentaci-n-de-soporte-backpack-exchange) - [Спот-маржа | Technical Docs Техническая документация | Backpack Exchange](#-technical-docs-backpack-exchange) - [Кредитование (Лендинг) | Technical Docs Техническая документация | Backpack Exchange](#-technical-docs-backpack-exchange) - [Заимствование (Бороу) | Technical Docs Техническая документация | Backpack Exchange](#-technical-docs-backpack-exchange) - [Риски | Technical Docs Техническая документация | Backpack Exchange](#-technical-docs-backpack-exchange) - [Onboarding | Technical Docs Documentación de Soporte | Backpack Exchange](#onboarding-technical-docs-documentaci-n-de-soporte-backpack-exchange) - [Комиссии | Technical Docs Техническая документация | Backpack Exchange](#-technical-docs-backpack-exchange) - [Borrow & Lend | Technical Docs Documentación de Soporte | Backpack Exchange](#borrow-lend-technical-docs-documentaci-n-de-soporte-backpack-exchange) - [Borrowing | Technical Docs Documentación de Soporte | Backpack Exchange](#borrowing-technical-docs-documentaci-n-de-soporte-backpack-exchange) - [Торговля | Technical Docs Техническая документация | Backpack Exchange](#-technical-docs-backpack-exchange) - [Маржинальная торговля | Technical Docs Техническая документация | Backpack Exchange](#-technical-docs-backpack-exchange) - [Utilización y Tasas de Interés | Technical Docs Documentación de Soporte | Backpack Exchange](#utilizaci-n-y-tasas-de-inter-s-technical-docs-documentaci-n-de-soporte-backpack-exchange) - [Liquidación y Realización | Technical Docs Documentación de Soporte | Backpack Exchange](#liquidaci-n-y-realizaci-n-technical-docs-documentaci-n-de-soporte-backpack-exchange) - [Riesgos | Technical Docs Documentación de Soporte | Backpack Exchange](#riesgos-technical-docs-documentaci-n-de-soporte-backpack-exchange) - [Margen Spot | Technical Docs Documentación de Soporte | Backpack Exchange](#margen-spot-technical-docs-documentaci-n-de-soporte-backpack-exchange) - [Comisiones | Technical Docs Documentación de Soporte | Backpack Exchange](#comisiones-technical-docs-documentaci-n-de-soporte-backpack-exchange) - [Lending | Technical Docs Documentación de Soporte | Backpack Exchange](#lending-technical-docs-documentaci-n-de-soporte-backpack-exchange) - [欢迎 | Technical Docs 中文交易文档 | Backpack Exchange](#-technical-docs-backpack-exchange) - [Расчеты и реализация | Technical Docs Техническая документация | Backpack Exchange](#-technical-docs-backpack-exchange) - [Margen | Technical Docs Documentación de Soporte | Backpack Exchange](#margen-technical-docs-documentaci-n-de-soporte-backpack-exchange) - [导航指南 | Technical Docs 中文交易文档 | Backpack Exchange](#-technical-docs-backpack-exchange) - [交易 | Technical Docs 中文交易文档 | Backpack Exchange](#-technical-docs-backpack-exchange) - [Начните Здесь | Справочные материалы | Backpack Exchange](#-backpack-exchange) - [结算与盈亏实现 | Technical Docs 中文交易文档 | Backpack Exchange](#-technical-docs-backpack-exchange) - [借贷 | Technical Docs 中文交易文档 | Backpack Exchange](#-technical-docs-backpack-exchange) - [利用率与利率 | Technical Docs 中文交易文档 | Backpack Exchange](#-technical-docs-backpack-exchange) - [Заимстование & Кредитование | Technical Docs Техническая документация | Backpack Exchange](#-technical-docs-backpack-exchange) - [出借 | Technical Docs 中文交易文档 | Backpack Exchange](#-technical-docs-backpack-exchange) - [风险 | Technical Docs 中文交易文档 | Backpack Exchange](#-technical-docs-backpack-exchange) - [费率 | Technical Docs 中文交易文档 | Backpack Exchange](#-technical-docs-backpack-exchange) - [Приложения | Справочные материалы | Backpack Exchange](#-backpack-exchange) - [杠杆 | Technical Docs 中文交易文档 | Backpack Exchange](#-technical-docs-backpack-exchange) - [Биржа | Справочные материалы | Backpack Exchange](#-backpack-exchange) - [Спецификации фьючерсов | Technical Docs Техническая документация | Backpack Exchange](#-technical-docs-backpack-exchange) - [现货杠杆 | Technical Docs 中文交易文档 | Backpack Exchange](#-technical-docs-backpack-exchange) - [借款 | Technical Docs 中文交易文档 | Backpack Exchange](#-technical-docs-backpack-exchange) - [Криптовалюта | Справочные материалы | Backpack Exchange](#-backpack-exchange) - [Bắt Đầu Tại Đây | Tài liệu Hỗ trợ Tiếng Việt | Backpack Exchange](#b-t-u-t-i-y-t-i-li-u-h-tr-ti-ng-vi-t-backpack-exchange) - [Backpack Wallet | Справочные материалы | Backpack Exchange](#backpack-wallet-backpack-exchange) - [Account Functions | Backpack Exchange](#account-functions-backpack-exchange) - [Account Function Guide | Backpack Exchange](#account-function-guide-backpack-exchange) - [Security | Backpack Exchange](#security-backpack-exchange) - [Email | Backpack Exchange](#email-backpack-exchange) - [How to Set Preferences and Notifications? | Backpack Exchange](#how-to-set-preferences-and-notifications-backpack-exchange) - [Convert Dust to USD | Backpack Exchange](#convert-dust-to-usd-backpack-exchange) - [Sub-accounts | Backpack Exchange](#sub-accounts-backpack-exchange) - [Troubleshooting Missing Backpack Emails | Backpack Exchange](#troubleshooting-missing-backpack-emails-backpack-exchange) - [2FA | Backpack Exchange](#2fa-backpack-exchange) - [How to update my account email? | Backpack Exchange](#how-to-update-my-account-email-backpack-exchange) - [How to View Your Account Information? | Backpack Exchange](#how-to-view-your-account-information-backpack-exchange) - [Enable 2FA | Backpack Exchange](#enable-2fa-backpack-exchange) - [Fixing Google Authenticator Code Errors | Backpack Exchange](#fixing-google-authenticator-code-errors-backpack-exchange) - [Sell Your FTX International Claim via Backpack Exchange | Backpack Exchange](#sell-your-ftx-international-claim-via-backpack-exchange-backpack-exchange) - [Reset 2FA | Backpack Exchange](#reset-2fa-backpack-exchange) - [Passkey | Backpack Exchange](#passkey-backpack-exchange) - [Enable Passkey | Backpack Exchange](#enable-passkey-backpack-exchange) - [Reset Password | Backpack Exchange](#reset-password-backpack-exchange) - [Withdrawal Delay | Backpack Exchange](#withdrawal-delay-backpack-exchange) - [I Suspect Unauthorized Access to My Account | Backpack Exchange](#i-suspect-unauthorized-access-to-my-account-backpack-exchange) - [Troubleshoot Connectivity Issues | Backpack Exchange](#troubleshoot-connectivity-issues-backpack-exchange) - [Deposit and Withdraw | Backpack Exchange](#deposit-and-withdraw-backpack-exchange) - [Crypto | Backpack Exchange](#crypto-backpack-exchange) - [Deposit | Backpack Exchange](#deposit-backpack-exchange) - [How to Deposit? | Backpack Exchange](#how-to-deposit-backpack-exchange) - [Common Errors | Backpack Exchange](#common-errors-backpack-exchange) - [Withdrawals | Backpack Exchange](#withdrawals-backpack-exchange) - [How to Withdraw? | Backpack Exchange](#how-to-withdraw-backpack-exchange) - [Withdrawal Fees | Backpack Exchange](#withdrawal-fees-backpack-exchange) - [Travel Rule & Address Book | Backpack Exchange](#travel-rule-address-book-backpack-exchange) - [FAQs | Backpack Exchange](#faqs-backpack-exchange) - [Fiat | Backpack Exchange](#fiat-backpack-exchange) - [Bank Guides | Backpack Exchange](#bank-guides-backpack-exchange) - [How to Deposit via Wire | Backpack Exchange](#how-to-deposit-via-wire-backpack-exchange) - [How to Withdraw via Wire | Backpack Exchange](#how-to-withdraw-via-wire-backpack-exchange) - [Chase | Backpack Exchange](#chase-backpack-exchange) - [ZA Bank | Backpack Exchange](#za-bank-backpack-exchange) - [Wise | Backpack Exchange](#wise-backpack-exchange) - [Trading | Backpack Exchange](#trading-backpack-exchange) - [FAQs | Backpack Exchange](#faqs-backpack-exchange) - [Spot | Backpack Exchange](#spot-backpack-exchange) - [Fiat Withdrawal | Backpack Exchange](#fiat-withdrawal-backpack-exchange) - [Fiat Deposit | Backpack Exchange](#fiat-deposit-backpack-exchange) - [Spot Margin | Backpack Exchange](#spot-margin-backpack-exchange) - [Fees | Backpack Exchange](#fees-backpack-exchange) - [Borrow and Lend | Backpack Exchange](#borrow-and-lend-backpack-exchange) - [Spot Margin VS Futures | Backpack Exchange](#spot-margin-vs-futures-backpack-exchange) - [Order Types | Backpack Exchange](#order-types-backpack-exchange) - [How to trade Spot | Backpack Exchange](#how-to-trade-spot-backpack-exchange) - [Trading Bots | Backpack Exchange](#trading-bots-backpack-exchange) - [Utilization, Interest Rates, Risks | Backpack Exchange](#utilization-interest-rates-risks-backpack-exchange) - [FAQs | Backpack Exchange](#faqs-backpack-exchange) - [For Japanese Users | Backpack Exchange](#for-japanese-users-backpack-exchange) - [Conditional Orders | Backpack Exchange](#conditional-orders-backpack-exchange) - [Market Orders | Backpack Exchange](#market-orders-backpack-exchange) - [Limit Orders | Backpack Exchange](#limit-orders-backpack-exchange) - [Trading Fees | Backpack Exchange](#trading-fees-backpack-exchange) - [FAQ | Backpack Exchange](#faq-backpack-exchange) - [Concepts & Tools | Backpack Exchange](#concepts-tools-backpack-exchange) - [Scaled Order | Backpack Exchange](#scaled-order-backpack-exchange) - [Take Profit & Stop Loss | Backpack Exchange](#take-profit-stop-loss-backpack-exchange) - [Risks | Backpack Exchange](#risks-backpack-exchange) - [FAQs | Backpack Exchange](#faqs-backpack-exchange) - [How to Set a Conditional Order? | Backpack Exchange](#how-to-set-a-conditional-order-backpack-exchange) - [Margin System | Backpack Exchange](#margin-system-backpack-exchange) - [Programs | Backpack Exchange](#programs-backpack-exchange) - [TWAP | Backpack Exchange](#twap-backpack-exchange) - [View and Export Trading History | Backpack Exchange](#view-and-export-trading-history-backpack-exchange) - [Take Profit | Backpack Exchange](#take-profit-backpack-exchange) - [How to Set a Scaled Order? | Backpack Exchange](#how-to-set-a-scaled-order-backpack-exchange) - [FAQ | Backpack Exchange](#faq-backpack-exchange) - [Spot Margin Trading | Backpack Exchange](#spot-margin-trading-backpack-exchange) - [Welcome - ようこそ - | Backpack Exchange](#welcome-backpack-exchange) - [Stop Loss | Backpack Exchange](#stop-loss-backpack-exchange) - [Using Grid Bots on Web | Backpack Exchange](#using-grid-bots-on-web-backpack-exchange) - [Interest Rates | Backpack Exchange](#interest-rates-backpack-exchange) - [Utilization | Backpack Exchange](#utilization-backpack-exchange) - [Points | Backpack Exchange](#points-backpack-exchange) - [FAQs | Backpack Exchange](#faqs-backpack-exchange) - [Charts, candlesticks, Indicators | Backpack Exchange](#charts-candlesticks-indicators-backpack-exchange) - [Rank Referral Program (Points) | Backpack Exchange](#rank-referral-program-points-backpack-exchange) - [How to Use the TWAP Strategy | Backpack Exchange](#how-to-use-the-twap-strategy-backpack-exchange) - [Futures | Backpack Exchange](#futures-backpack-exchange) - [API & Developer Docs | Backpack Exchange](#api-developer-docs-backpack-exchange) - [FAQ - よくある質問 - | Backpack Exchange](#faq-backpack-exchange) - [Borrowing | Backpack Exchange](#borrowing-backpack-exchange) - [Lending | Backpack Exchange](#lending-backpack-exchange) - [Referrals | Backpack Exchange](#referrals-backpack-exchange) - [Backpack VIP Program | Backpack Exchange](#backpack-vip-program-backpack-exchange) - [Using Grid Bots on Mobile | Backpack Exchange](#using-grid-bots-on-mobile-backpack-exchange) - [Korean Market Compliance Commitment | Backpack Exchange](#korean-market-compliance-commitment-backpack-exchange) - [Wallet | Backpack Exchange](#wallet-backpack-exchange) - [Backpack Captain Program | Backpack Exchange](#backpack-captain-program-backpack-exchange) - [What is Backpack Wallet? | Backpack Exchange](#what-is-backpack-wallet-backpack-exchange) - [Affiliate Program | Backpack Exchange](#affiliate-program-backpack-exchange) - [Get Started | Backpack Exchange](#get-started-backpack-exchange) - [API Clients | Backpack Exchange](#api-clients-backpack-exchange) - [Mad Lads VIP | Backpack Exchange](#mad-lads-vip-backpack-exchange) - [API Broker Program | Backpack Exchange](#api-broker-program-backpack-exchange) - [Python WebSocket Guide for Backpack Exchange API | Backpack Exchange](#python-websocket-guide-for-backpack-exchange-api-backpack-exchange) - [Supported Browsers and Platforms | Backpack Exchange](#supported-browsers-and-platforms-backpack-exchange) - [Market Maker Program | Backpack Exchange](#market-maker-program-backpack-exchange) - [Generate API keys for Backpack Exchange | Backpack Exchange](#generate-api-keys-for-backpack-exchange-backpack-exchange) - [Backpack Exchange Python API guide | Backpack Exchange](#backpack-exchange-python-api-guide-backpack-exchange) - [Bug Bounty Program | Backpack Exchange](#bug-bounty-program-backpack-exchange) - [FAQs | Backpack Exchange](#faqs-backpack-exchange) - [Actions | Backpack Exchange](#actions-backpack-exchange) - [Import/Recover Wallet | Backpack Exchange](#import-recover-wallet-backpack-exchange) - [Custom RPC Address | Backpack Exchange](#custom-rpc-address-backpack-exchange) - [Add Network | Backpack Exchange](#add-network-backpack-exchange) - [How to Buy and Sell Crypto with MoonPay | Backpack Exchange](#how-to-buy-and-sell-crypto-with-moonpay-backpack-exchange) - [Swap Tokens | Backpack Exchange](#swap-tokens-backpack-exchange) - [Wallet Multi-Accounts | Backpack Exchange](#wallet-multi-accounts-backpack-exchange) - [Buy Crypto in Backpack Wallet with MoonPay | Backpack Exchange](#buy-crypto-in-backpack-wallet-with-moonpay-backpack-exchange) - [Stake SOL | Backpack Exchange](#stake-sol-backpack-exchange) - [SOL/ETH Bridge | Backpack Exchange](#sol-eth-bridge-backpack-exchange) - [Sell Crypto in Backpack Wallet with MoonPay | Backpack Exchange](#sell-crypto-in-backpack-wallet-with-moonpay-backpack-exchange) - [Secure NFTs | Backpack Exchange](#secure-nfts-backpack-exchange) - [Connect Hardware Wallet | Backpack Exchange](#connect-hardware-wallet-backpack-exchange) - [Multisig | Backpack Exchange](#multisig-backpack-exchange) - [Add Developer Testnets | Backpack Exchange](#add-developer-testnets-backpack-exchange) - [Troubleshoot | Backpack Exchange](#troubleshoot-backpack-exchange) - [Wallet Not Loading | Backpack Exchange](#wallet-not-loading-backpack-exchange) - [Hide Tokens | Backpack Exchange](#hide-tokens-backpack-exchange) - [Collaboration Application Form | Backpack Exchange](#collaboration-application-form-backpack-exchange) - [View Secret Recovery Phrases and Private Keys | Backpack Exchange](#view-secret-recovery-phrases-and-private-keys-backpack-exchange) - [Technical Docs | Backpack Exchange](#technical-docs-backpack-exchange) - [Hide Spam NFTs | Backpack Exchange](#hide-spam-nfts-backpack-exchange) - [Localhost RPC Endpoints | Backpack Exchange](#localhost-rpc-endpoints-backpack-exchange) - [Deeplinks | Backpack Exchange](#deeplinks-backpack-exchange) - [Provider Methods | Backpack Exchange](#provider-methods-backpack-exchange) - [Connect | Backpack Exchange](#connect-backpack-exchange) - [Disconnect | Backpack Exchange](#disconnect-backpack-exchange) - [SignAndSendTransaction | Backpack Exchange](#signandsendtransaction-backpack-exchange) - [SignAllTransactions | Backpack Exchange](#signalltransactions-backpack-exchange) - [SignTransaction | Backpack Exchange](#signtransaction-backpack-exchange) - [SignMessage | Backpack Exchange](#signmessage-backpack-exchange) - [Other Methods | Backpack Exchange](#other-methods-backpack-exchange) - [Browse | Backpack Exchange](#browse-backpack-exchange) - [Handling Sessions | Backpack Exchange](#handling-sessions-backpack-exchange) - [Specifying Redirects | Backpack Exchange](#specifying-redirects-backpack-exchange) - [Encryption | Backpack Exchange](#encryption-backpack-exchange) - [Limitations | Backpack Exchange](#limitations-backpack-exchange) - [Report Issue or Bug | Backpack Exchange](#report-issue-or-bug-backpack-exchange) - [Exchange | Backpack Exchange](#exchange-backpack-exchange) - [Unsupported Deposit Report | Backpack Exchange](#unsupported-deposit-report-backpack-exchange) - [Submit Feedback or Report an Issue | Backpack Exchange](#submit-feedback-or-report-an-issue-backpack-exchange) - [Mobile UX Feedback Event (with $1,000 Prize Pool) | Backpack Exchange](#mobile-ux-feedback-event-with-1-000-prize-pool-backpack-exchange) - [Wallet | Backpack Exchange](#wallet-backpack-exchange) - [Legal | Backpack Exchange](#legal-backpack-exchange) - [General Legal | Backpack Exchange](#general-legal-backpack-exchange) - [User Agreement | Backpack Exchange](#user-agreement-backpack-exchange) - [Privacy Policy | Backpack Exchange](#privacy-policy-backpack-exchange) - [Cookie Policy | Backpack Exchange](#cookie-policy-backpack-exchange) - [VARA Disclosures | Backpack Exchange](#vara-disclosures-backpack-exchange) - [Virtual Asset Standards | Backpack Exchange](#virtual-asset-standards-backpack-exchange) - [VARA License Information | Backpack Exchange](#vara-license-information-backpack-exchange) - [Risk Disclosures | Backpack Exchange](#risk-disclosures-backpack-exchange) - [Price Quotes | Backpack Exchange](#price-quotes-backpack-exchange) - [Exchange Trading Rules | Backpack Exchange](#exchange-trading-rules-backpack-exchange) - [Complaints | Backpack Exchange](#complaints-backpack-exchange) - [Conflicts of Interest Statement | Backpack Exchange](#conflicts-of-interest-statement-backpack-exchange) - [Available Digital Assets | Backpack Exchange](#available-digital-assets-backpack-exchange) - [Complaints Handling Policy | Backpack Exchange](#complaints-handling-policy-backpack-exchange) - [Whistleblowing Policy | Backpack Exchange](#whistleblowing-policy-backpack-exchange) - [US Licenses, Registrations, and Regulatory Disclosures | Backpack Exchange](#us-licenses-registrations-and-regulatory-disclosures-backpack-exchange) - [UK Crypto Regulations & Risk Disclosure | Backpack Exchange](#uk-crypto-regulations-risk-disclosure-backpack-exchange) - [Backpack Wallet | Backpack Exchange](#backpack-wallet-backpack-exchange) - [States Where We Operate | Backpack Exchange](#states-where-we-operate-backpack-exchange) - [Privacy Notice | Backpack Exchange](#privacy-notice-backpack-exchange) - [Backpack Exchange Disclaimer re: FTX Creditor | Backpack Exchange](#backpack-exchange-disclaimer-re-ftx-creditor-backpack-exchange) - [Terms and Conditions | Backpack Exchange](#terms-and-conditions-backpack-exchange) - [Email Protection | Cloudflare](#email-protection-cloudflare) - [Downloads | Backpack Exchange](#downloads-backpack-exchange) - [Đơn đăng ký niêm yết token | Tài liệu Hỗ trợ Tiếng Việt | Backpack Exchange](#-n-ng-k-ni-m-y-t-token-t-i-li-u-h-tr-ti-ng-vi-t-backpack-exchange) - [Giới thiệu, Hoán đổi & Kiếm tiền | Tài liệu Hỗ trợ Tiếng Việt | Backpack Exchange](#gi-i-thi-u-ho-n-i-ki-m-ti-n-t-i-li-u-h-tr-ti-ng-vi-t-backpack-exchange) - [Start Here | Backpack Exchange](#start-here-backpack-exchange) - [Report Issue or Bug | Backpack Exchange](#report-issue-or-bug-backpack-exchange) - [Legal | Backpack Exchange](#legal-backpack-exchange) - [Wallet | Backpack Exchange](#wallet-backpack-exchange) - [Exchange | Backpack Exchange](#exchange-backpack-exchange) - [Login and Security | Backpack Exchange](#login-and-security-backpack-exchange) - [Exchange | Backpack Exchange](#exchange-backpack-exchange) - [Account Functions | Backpack Exchange](#account-functions-backpack-exchange) - [Troubleshoot | Backpack Exchange](#troubleshoot-backpack-exchange) - [Identity Verification | Backpack Exchange](#identity-verification-backpack-exchange) - [Deposits and Withdrawals | Backpack Exchange](#deposits-and-withdrawals-backpack-exchange) - [Wallet | Backpack Exchange](#wallet-backpack-exchange) - [Programs and Fees | Backpack Exchange](#programs-and-fees-backpack-exchange) - [Get Started | Backpack Exchange](#get-started-backpack-exchange) - [UK Crypto Regulations & Risk Disclosure | Backpack Exchange](#uk-crypto-regulations-risk-disclosure-backpack-exchange) - [What is Backpack Wallet? | Backpack Exchange](#what-is-backpack-wallet-backpack-exchange) - [VARA Disclosures | Backpack Exchange](#vara-disclosures-backpack-exchange) - [Backpack Wallet | Backpack Exchange](#backpack-wallet-backpack-exchange) - [Actions | Backpack Exchange](#actions-backpack-exchange) - [General Legal | Backpack Exchange](#general-legal-backpack-exchange) - [Product FAQs | Backpack Exchange](#product-faqs-backpack-exchange) --- # Start Here | Backpack Exchange Please browse our comprehensive self-service support articles below. If you're in need of direct help please don't hesitate to reach out to our team directly: * For **email support**: [\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) * For **live chat support** use the chat popup in the bottom-right corner of your screen. * For **community support** head to our discord at [https://discord.gg/backpackarrow-up-right](https://discord.gg/backpack) [NextDownloadschevron-right](https://support.backpack.exchange/start-here/downloads) Last updated 1 month ago --- # API Docs | Backpack Exchange Explore our comprehensive API documentation for REST and WebSocket endpoints covering trading, account management, and market data: [Backpack Exchange API Documentationarrow-up-right](https://docs.backpack.exchange/) All setup instructions, authentication details, and usage examples are available there. Last updated 8 months ago --- # Welcome | Technical Docs | Backpack Exchange [Backpack Exchangearrow-up-right](https://backpack.exchange/) is a fully regulated global cryptocurrency exchange building an innovative, easy-to-use and compliant trading platform. Built on robust, real-time risk management, Backpack’s engine automatically aggregates all user assets into a single, cross-margined environment while simultaneously enabling auto lending. This allows traders of all sizes to access advanced trading tools typically reserved for institutional participants on other platforms. * **150+ Countries** * **500M+ Transactions Completed** * * * ### [hashtag](https://support.backpack.exchange/technical-docs#yield-on-everything) Yield on Everything #### [hashtag](https://support.backpack.exchange/technical-docs#auto-lending-architecture) Auto Lending Architecture With Auto Lend, all of your deposited assets are automatically entered into our lending pool, generating yield for you by default. These assets remain fully margin-eligible, eliminating the friction of having to manage separate “earn” accounts. #### [hashtag](https://support.backpack.exchange/technical-docs#yield-on-unrealized-gains) Yield on Unrealized Gains Even unrealized position PnL is considered part of your total collateral, which continues to accrue yield until the position is closed. **Additional Yield from Stablecoins** Lend USD and stack an **additional APY** on top of the lending rate when lending eligible stablecoins. This boost comes from Stablecoins Treasury yield exposure through a curated stablecoin basket. Distributions are paid out **monthly**, in line with how treasury yield is delivered. #### [hashtag](https://support.backpack.exchange/technical-docs#id-7bfd2f6f-262b-4c7a-95ca-26a6b98e605e) **Earn extra SOL lending Rewards** Your lent SOL now additionally earns the **native SOL staking yield**. Backpack Exchange stake their own SOL reserves and provide the full staking yield to all lenders. Your SOL is not only margin-eligible, but also enabling you to passively benefit from staking rewards. * * * ### [hashtag](https://support.backpack.exchange/technical-docs#collateralization-of-lent-assets) Collateralization of Lent Assets Any assets you lend out can be utilized as margin for new trades, further enhancing your capital efficiency. Backpack’s yield system is deeply integrated into the exchange’s core risk engine to ensure you retain full collateral value while earning interest. * * * ### [hashtag](https://support.backpack.exchange/technical-docs#capital-efficiency-for-all) Capital Efficiency for All #### [hashtag](https://support.backpack.exchange/technical-docs#institutional-grade-tools-retail-accessibility) Institutional-Grade Tools, Retail Accessibility Backpack’s risk engine, cross margin, and auto-lending are designed to offer every user the kind of capital efficiency typically locked behind VIP tiers on other exchanges. #### [hashtag](https://support.backpack.exchange/technical-docs#no-gatekeeping) No Gatekeeping Lower-tier users are not subjected to punitive margin requirements or restricted from advanced products. We focus on an inclusive design to level the playing field. * * * ### [hashtag](https://support.backpack.exchange/technical-docs#settlement-flexibility) Settlement Flexibility #### [hashtag](https://support.backpack.exchange/technical-docs#continuous-realization) Continuous Realization Our settlement engine allows you to partially realize PnL on a rolling basis, adjusting or locking in gains without requiring a full position close. #### [hashtag](https://support.backpack.exchange/technical-docs#adaptive-strategy-customization) Adaptive Strategy Customization This continuous settlement mechanism is particularly useful for hedging, high-frequency arbitrage, or complex multi-leg strategies. * * * ### [hashtag](https://support.backpack.exchange/technical-docs#competitive-fees) Competitive Fees #### [hashtag](https://support.backpack.exchange/technical-docs#aligned-with-leading-exchanges) Aligned with Leading Exchanges Backpack’s fee structure is comparable to the most cost-efficient platforms in the market * * * We built this system from the ground up to create what we like to call Interest Bearing Perps - a system that blends perpetual trading with a borrow lending market so your collateral works overtime. Have 30 seconds? Check out our quick Interest Bearing Perps walkthrough: [NextOnboardingchevron-right](https://support.backpack.exchange/technical-docs/onboarding) Last updated 1 month ago * [Yield on Everything](https://support.backpack.exchange/technical-docs#yield-on-everything) * [Collateralization of Lent Assets](https://support.backpack.exchange/technical-docs#collateralization-of-lent-assets) * [Capital Efficiency for All](https://support.backpack.exchange/technical-docs#capital-efficiency-for-all) * [Settlement Flexibility](https://support.backpack.exchange/technical-docs#settlement-flexibility) * [Competitive Fees](https://support.backpack.exchange/technical-docs#competitive-fees) --- # Onboarding | Technical Docs | Backpack Exchange To trade on Backpack Exchange you will need to create an account, complete identity verification and deposit funds (via fiat onramp or crypto deposit). * * * ### [hashtag](https://support.backpack.exchange/technical-docs/onboarding#create-an-account-and-complete-identity-verification) Create an account and complete identity verification Visit [backpack.exchangearrow-up-right](https://backpack.exchange/) and register a new account. After verifying your email, complete the KYC (Know Your Customer) identity verification process. See detailed instructions: * [Verify Individual Account Identityarrow-up-right](https://support.backpack.exchange/articles/verify-individual-account-identity-backpack-exchange) * [Verify Institutional and Business Account Identityarrow-up-right](https://support.backpack.exchange/articles/verify-institutional-and-business-account-identity) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/onboarding#deposit-fiat-or-crypto-funds) Deposit fiat or crypto funds Once the KYC process is completed you can fund your wallet via our fiat onramp (bank transfer, credit/debit card) or direct crypto deposits. Access both options by opening the Deposit menu. * [Deposit crypto using Backpack Walletarrow-up-right](https://support.backpack.exchange/articles/deposit-crypto-on-backpack-exchange-wallet-via-backpack-wallet-browser) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/onboarding#start-trading-on-backpack-exchange) Start trading on Backpack Exchange Spot market, Spot margin, Perpetual futures and Safe are all available to Backpack users. See our [Backpack Help centerarrow-up-right](https://support.backpack.exchange/) for detailed instructions and additional product information. * Contact Customer Support in [Discordarrow-up-right](https://discord.gg/backpack) or by email: [\[email protected\]envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#c4b7b1b4b4abb6b084a6a5a7afb4a5a7afeaa1bca7aca5aaa3a1) [PreviousWelcomechevron-left](https://support.backpack.exchange/technical-docs) [NextTradingchevron-right](https://support.backpack.exchange/technical-docs/trading) Last updated 11 months ago * [Create an account and complete identity verification](https://support.backpack.exchange/technical-docs/onboarding#create-an-account-and-complete-identity-verification) * [Deposit fiat or crypto funds](https://support.backpack.exchange/technical-docs/onboarding#deposit-fiat-or-crypto-funds) * [Start trading on Backpack Exchange](https://support.backpack.exchange/technical-docs/onboarding#start-trading-on-backpack-exchange) --- # Trading | Technical Docs | Backpack Exchange [Marginchevron-right](https://support.backpack.exchange/technical-docs/trading/margin) [Spot Marginchevron-right](https://support.backpack.exchange/technical-docs/trading/spot-margin) [Futures Specschevron-right](https://support.backpack.exchange/technical-docs/trading/futures-specs) [Settlement and Realizationchevron-right](https://support.backpack.exchange/technical-docs/trading/settlement-and-realization) [Feeschevron-right](https://support.backpack.exchange/technical-docs/trading/fees) [PreviousOnboardingchevron-left](https://support.backpack.exchange/technical-docs/onboarding) [NextMarginchevron-right](https://support.backpack.exchange/technical-docs/trading/margin) --- # Margin | Technical Docs | Backpack Exchange Backpack follows a multi-currency, cross-margin model designed to maximize capital efficiency. Unlike other exchanges that force you to segregate your balances in separate wallets (spot, futures, margin, earn, etc), Backpack offers a single cross-margin wallet that can be used to trade all products. If you would like to isolate risk, you can seamlessly create a new subaccount, which is completely segregated from other subaccounts. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F4224166012-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FZRzI8k3y3P5zqjPLRxSx%252Fuploads%252FdUjixCRN8a4QzzwQnkas%252Fimage.png%3Falt%3Dmedia%26token%3Deed62226-912c-4bb2-b84f-b999fdecd238&width=768&dpr=4&quality=100&sign=c3f31a4d&sv=2) You can use a variety of non-USD assets as collateral, which contribute towards your account equity in order to open and maintain futures and borrow positions. To provide the highest level of capital efficiency amongst all centralized exchanges, Backpack allows you to use 100% of lent assets as collateral, enabling them to earn yield even when it's being used to maintain positions. Additionally, unrealized profits are cycled into the borrow lending pool and generate yield as well, providing further capital efficiency. Here's a quick video walkthrough that shows you how it works: * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/margin#collateral) Collateral Collateral on Backpack is calculated in USD terms. Assets that are eligible for collateral receive a Collateral Value, which contribute towards your Net Equity. Collateral Value is calculated as follows: _**Token Quantity \* Mark Price \* Weight**_ Each collateral asset has a default Collateral Weight, or in other words, a haircut. An asset's Collateral Weight may decrease based on how large the collateral amount is to adjust for risk and the time needed to liquidate. The Collateral Value curve for each of your assets can be found in the statements page. Here’s an example to illustrate how Collateral Value is calculated (note that the haircut values below are not accurate. Check the statements page to see the actual weights): As illustrated above, while this user holds $120,000 worth of assets, their Total Account Collateral (i.e. the sum of the Collateral Value of all their assets), is $116,300. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/margin#equity) Equity #### [hashtag](https://support.backpack.exchange/technical-docs/trading/margin#net-equity) Net Equity Equity represents the risk-adjusted value of your account, which can be used to maintain futures and borrow positions. This is also known as your Margin Balance. Net Equity is calculated as follows = _**Total Account Collateral + Total Unrealized PnL + Unsettled Balances - Total Borrow Liability**_ You can find all these values and a full breakdown of your account’s equity in your [statements pagearrow-up-right](https://backpack.exchange/portfolio/balances/statements) . #### [hashtag](https://support.backpack.exchange/technical-docs/trading/margin#available-equity) Available Equity Available Equity is the capital you can use to open new positions or orders. It's calculated as _**Net Equity - Equity Locked**_, where Equity Locked represents margin tied up in open positions and orders that increase exposure. To maximize efficiency, your unrealized profits also count toward Available Equity. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/margin#margin) Margin Your Account Margin (AKA Margin Health) can be evaluated using these two data points: **1) Initial Margin Rate (IMR)** - this illustrates how much Available Equity is left to open new positions. Once IMR reaches 100%, no new positions that increase risk can be opened. IMR = _**Total Initial Margin / Net Equity**_ You can see your Initial Margin Balance (i.e. how much initial margin is being used across all your positions) in the Margin Overview section on the trade page when you hover over your Initial Margin percentage. As a rule of thumb, the Initial Margin required to open a new position can be calculated as follows: _**Initial Margin = Position Notional Value / Max Account Leverage**_ For example, if your max account leverage is 10x and you want to open a $10,000 position, your initial margin will be $1000. However, keep in mind that, just as with Collateral Value, as the size of the position increases, the initial margin requirement may increase as well to adjust for risk. Additionally, margin requirements may differ by market. For example, if the baseline Initial Margin Fraction (IMF) for a given market is 0.20, the initial margin requirement will be 20% of position size (ignoring large sizes), even when the max account leverage is 10x. To see the margin requirements for a given market, check the Margin tab on the trade page. To see how much Margin a new position requires before submitting an order, you can see the Margin Required value when placing an order. To see how much margin an existing position is using, see the Initial Margin column in the Positions tab. **2) Maintenance Margin Rate (MMR)** - this shows how far your account is from getting liquidated. Once MMR reaches 100%, your account will start getting liquidated. MMR = _**Total Maintenance Margin / Net Equity**_ As a rule of thumb, the Maintenance Margin Fraction (MMF) starts at 5%. However, same as with Initial Margin, your Maintenance Margin requirements may increase depending on the size of your position and also may differ by market. To see your Maintenance Margin (i.e. the total maintenance margin used across all of your positions), hover over your Maintenance Margin percentage in the Margin Overview section on the trade page. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/margin#subaccounts) Subaccounts Backpack’s margin model is centered around subaccounts. Every subaccount is cross-margined, multi-currency, and has access to all products (spot, futures, spot-margin, borrow, lending). To illustrate the simplicity of this model, if you deposit USDC and BTC, your Net Equity increases and you can start trading all products right away without taking any extra steps. No need to move assets around wallets to start trading. Moreover, **subaccounts are completely segregated from one another**. This means that any funds sitting in one subaccount are not exposed to another subaccount that might be getting liquidated. Balances and risk are completely isolated at the subaccount level, allowing you to run different strategies and determine how much in assets you want to put at risk. If you prefer to trade with Isolated Margin, you can open a position in a different, isolated subaccount. You can create up to a maximum of 10 subaccounts and seamlessly transfer funds between each other. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F4224166012-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FZRzI8k3y3P5zqjPLRxSx%252Fuploads%252FAP2xOEt5BIwfKhc1PyKe%252Fimage.png%3Falt%3Dmedia%26token%3Dee7c4cae-1662-410a-95f4-2ab794013eaf&width=768&dpr=4&quality=100&sign=824edfe1&sv=2) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/margin#leverage) Leverage Max leverage on Backpack is set at the subaccount level. You can choose how much risk you want to take on a given subaccount across all your positions by editing your Max Account Leverage in a given subaccount. When you change your Max Leverage, the initial margin used by open positions and future orders will change as well. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/margin#non-usd-collateral) Non-USD Collateral Futures on Backpack settle in USDC. This includes fees, funding payments, and PnL. If you have both USDC and non-USDC collateral (e.g. BTC), the system will use your USDC balance to cover these settlements. When you have insufficient USDC but holds other collateral like BTC, the system automatically creates a USDC borrow to cover settlement payments instead of selling the collateral. For example, if the user needs to cover a 1 USDC fee to open a position, the system creates a 1 USDC borrow rather than liquidating any BTC. In the case that the USDC lending market's utilization rate exceeds the throttle threshold or if you get liquidated while using Non-USDC assets as collateral, your collateral will get converted to cover the settlement payments. These conversions would appear on Reconciliation Conversions in the Settlements [tabarrow-up-right](https://backpack.exchange/portfolio/settlements/reconciliation-conversions) . [PreviousTradingchevron-left](https://support.backpack.exchange/technical-docs/trading) [NextSpot Marginchevron-right](https://support.backpack.exchange/technical-docs/trading/spot-margin) Last updated 11 months ago * [Collateral](https://support.backpack.exchange/technical-docs/trading/margin#collateral) * [Equity](https://support.backpack.exchange/technical-docs/trading/margin#equity) * [Margin](https://support.backpack.exchange/technical-docs/trading/margin#margin) * [Subaccounts](https://support.backpack.exchange/technical-docs/trading/margin#subaccounts) * [Leverage](https://support.backpack.exchange/technical-docs/trading/margin#leverage) * [Non-USD Collateral](https://support.backpack.exchange/technical-docs/trading/margin#non-usd-collateral) --- # Settlement and Realization | Technical Docs | Backpack Exchange Futures on Backpack settle in USDC. This includes fees, funding payments, and PnL. If you have USDC in your account, then all USDC settlements will be debited from your USDC balance. However, in the case that you don't have USDC available in your account and therefore owe it to the system, Backpack considers the following options (in order): 1. Redeem any outstanding USDC lends 2. Borrow USDC from the borrow lending pool 3. Convert non-USDC collateral into USDC This means that you can trade futures without having any USDC in your account. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/settlement-and-realization#pnl-settlement) PnL Settlement PnL on Backpack is settled in real-time. Every 10 seconds, any unrealized profits or losses are realized without affecting your position size. This means your USDC balance is continuously credited or debited as your PnL fluctuates. This real-time settlement model maximizes capital efficiency. For example, if you have a position with +$1,000 unrealized profit and want to physically use those assets (for spot, withdrawals, etc): * On traditional crypto exchanges, you would need to close your position to access that $1,000, or borrow against your increased equity. * With Backpack, that $1,000 profit is immediately credited to your USDC balance, allowing you to use it for spot trading, opening new positions, withdrawing from the exchange, or lending—all without reducing your original position. To further enhance capital efficiency, if you enable Auto Lend, all profits are automatically lent into the USDC lending pool to earn yield while your position remains open. Importantly, these lent assets still count 100% towards your equity, meaning you can simultaneously earn yield while using those funds to maintain existing positions and open new positions. The same process applies to losses. When your futures positions experience losses, your USDC balance is debited accordingly. This functions identically to traditional unrealized loss models in terms of liquidation risk—the only difference is in accounting. In both models, losses reduce your account equity, which affects your margin calculations and liquidation thresholds in exactly the same way. Whether your losses are "unrealized" on traditional platforms or "realized" through real-time settlement on Backpack, the risk management mechanics and liquidation parameters remain the same. If you don't have sufficient USDC collateral and are using other assets (BTC, SOL, ETH, or USDT), the system will automatically create a USDC borrow to cover any losses rather than liquidating your non-USDC collateral. [PreviousFutures Specschevron-left](https://support.backpack.exchange/technical-docs/trading/futures-specs) [NextFeeschevron-right](https://support.backpack.exchange/technical-docs/trading/fees) Last updated 10 months ago --- # Borrow & Lend | Technical Docs | Backpack Exchange * ​[Lending](https://support.backpack.exchange/technical-docs/borrow-and-lend/lending) ​ * ​[Borrowing](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing) ​ * ​[Utilization](https://support.backpack.exchange/technical-docs/borrow-and-lend/utilization-and-interest-rates) [and Interest Ratesarrow-up-right](https://app.gitbook.com/o/1pzK7I96ua1kPK2SCiPg/s/3kiM6CAFBZoTCJcZ8X7k/borrow-and-lend/utilization-and-interest-rates) ​ * ​[Liquidations](https://support.backpack.exchange/technical-docs/borrow-and-lend/risks) ​ * * * Backpack features an omnichain money market where users can lend and borrow a variety of assets. Users can deposit from any chain to lend in the unified pool, or borrow against their collateral and withdraw to any supported network - all without bridging. This omnichain money market is a core component of Backpack’s margin system, allowing users to trade with the highest level of capital efficiency. Lenders can earn yield on their assets by supplying liquidity into the lending pool, which can be borrowed by other users for the following purposes: 1. Spot margin trading 2. USDC settlements for perpetual futures trading 3. Withdraw off the exchange Unlike most centralized exchanges, interest rates on Backpack are determined by a transparent Utilization Rate model, which users can view at any time on the Lend page. The utilization rate represents the proportion of lent assets that are currently borrowed for a given market. Higher utilization rates indicate stronger borrowing demand, resulting in higher interest rates. Interest rates are calculated and paid every hour. To protect lenders, all borrows are subject to Backpack’s margin requirements and real time liquidation system. This means that no user can borrow without meeting the necessary collateral requirements, and in the event that their margin fraction drops below the necessary levels, Backpack will immediately begin liquidating their position. [PreviousFeeschevron-left](https://support.backpack.exchange/technical-docs/trading/fees) [NextLendingchevron-right](https://support.backpack.exchange/technical-docs/borrow-and-lend/lending) Last updated 1 month ago --- # Fees | Technical Docs | Backpack Exchange At Backpack Exchange, our commitment to providing a transparent and competitive fee structure is paramount. The tables below outlines the Spot Trading & Perpetual Futures fee tiers for our **Public Beta Launch**, enabling traders to easily identify the fees associated with their trading volume. * ‍[**Visit Backpack Exchange today.**arrow-up-right](https://backpack.exchange/) We may change these fees for the next phase of launch and will post the updated fees here beforehand. **\*SUBJECT TO CHANGE\*** * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/fees#backpack-exchange-trading-fees) **Backpack Exchange Trading Fees** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F4224166012-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FZRzI8k3y3P5zqjPLRxSx%252Fuploads%252FwcI4fZBVjoSG1t1FsLOf%252FBackpack%2520Exchange%2520Fee%2520Structure.png%3Falt%3Dmedia%26token%3Dcdf63713-eafe-42e5-82e3-5e860f03e897&width=768&dpr=4&quality=100&sign=af99829e&sv=2) * * * Mad Lads holders who connect their Backpack Wallet containing the NFT to Backpack Exchange will automatically qualify for VIP Tier 1 trading fees. The Mad Lads VIP program is in place for both Spot and Perpetual futures. [**See details about the Mad Lads VIP program here.**arrow-up-right](https://support.backpack.exchange/exchange/programs/vip) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/fees#what-are-maker-and-taker-fees) **What are Maker and Taker Fees?** * **Maker Fee:** A "maker" is someone who places a limit order that adds liquidity to the market. This means the order isn’t filled immediately but waits for a matching order (opposite buy or sell) to come along. The fee incurred for such orders is called the "maker fee". Makers typically pay a lower fee as they contribute to the market's liquidity. ‍ * **Taker Fee:** A "taker" is someone who places an order that matches immediately with an existing order on the order book. This takes liquidity away from the market. The fee for such orders is called the "taker fee". Takers typically pay a slightly higher fee due to the immediate nature of their trades. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/fees#how-do-fee-tiers-work) **How do Fee Tiers Work?** The more you trade, the more you save! Our fee structure is designed to reward high-volume traders with reduced fees. As your 30-day trading volume increases, you ascend through our tier levels, and your applicable fees decrease. Both maker and taker fees decrease as you move to a higher tier, allowing for a more cost-effective trading experience. Please refer to the table provided to view the fee structure across different tiers and the corresponding 30-day volume requirements. We aim to offer a seamless trading experience with a clear understanding of the associated costs. [PreviousSettlement and Realizationchevron-left](https://support.backpack.exchange/technical-docs/trading/settlement-and-realization) [NextBorrow & Lendchevron-right](https://support.backpack.exchange/technical-docs/borrow-and-lend) Last updated 2 days ago * [Backpack Exchange Trading Fees](https://support.backpack.exchange/technical-docs/trading/fees#backpack-exchange-trading-fees) * [What are Maker and Taker Fees?](https://support.backpack.exchange/technical-docs/trading/fees#what-are-maker-and-taker-fees) * [How do Fee Tiers Work?](https://support.backpack.exchange/technical-docs/trading/fees#how-do-fee-tiers-work) --- # Spot Margin | Technical Docs | Backpack Exchange Backpack offers a Spot Margin trading product that empowers you to go long or short on spot assets beyond current wallet balances. Behind the scenes this system leverages Backpack’s real-time liquidation engine and the transparent borrow & lending market to enable capital-efficient spot trades. All spot margin positions on Backpack tap into the same lending pools and are subject to the same margin requirements and liquidation processes that govern the broader borrow & lending framework. This ensures that: * You can automatically borrow the assets you need to complete a spot trade. * Borrowers are always sufficiently collateralized, with the platform liquidating positions if necessary. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/spot-margin#enabling-spot-margin) Enabling Spot Margin Before placing a margin trade, you need to ensure Margin Trading is enabled in the subaccount’s settings. With Auto Lend on, you can borrow via spot margin trades without needing to create manual loans—Backpack automatically borrows on your behalf whenever you trade beyond your spot balances. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/spot-margin#margin-trading) Margin Trading Spot Margin allows you to buy or sell an asset in amounts exceeding your available balance, seamlessly creating a borrow for the shortfall (or withdrawing the borrowed asset if you want to transfer it off-exchange). #### [hashtag](https://support.backpack.exchange/technical-docs/trading/spot-margin#example) Example: 1. Enable Margin in your order form. 2. Place a Buy or Sell order for the desired asset in the spot market. 3. If you sell more than you hold (short selling) or buy more than your balance can cover, the system borrows on your behalf. _Example:_ * You have 1,000 USDC but want to buy 2,000 USDC worth of SOL. * By checking the “Margin” box, Backpack automatically borrows the extra 1,000 USDC and completes your spot purchase. * You now have a long SOL position financed by a partial borrow. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/spot-margin#repaying-margin-trades) Repaying Margin Trades When you owe a certain asset due to a spot margin borrow, you can repay in the following ways: 1. **Auto-Repayment with Auto Lend** * If Auto Lend is enabled, any matching assets you acquire in your subaccount (via deposits, trades, or conversions) immediately go toward paying down your debt. 1. **Spot Margin** * Simply buy back the asset you owe. For instance, if you are short 10 SOL, placing a margin-enabled BUY for 10 SOL will automatically repay your SOL debt. 1. **Manual Repayment** * If Auto Lend is disabled, visit the Borrow tab (or the Borrow modal) and click Repay. Any assets you hold that match the borrowed asset can be used to repay. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/spot-margin#margin-requirements-and-collateral) Margin Requirements & Collateral Spot Margin on Backpack uses the same cross-margin system as the rest of the exchange, meaning: * Collateral is calculated from all assets in your subaccount, each with its own “haircut” (collateral weight). * Maintenance Margin is monitored in real time. If your margin fraction (collateral vs. open positions) dips below the required threshold, liquidation is triggered. ### [hashtag](https://support.backpack.exchange/technical-docs/trading/spot-margin#key-points) Key Points 1. **Initial Margin:** The collateral you need to open a position. 2. **Maintenance Margin:** The collateral you need to keep that position open without liquidation. 3. **Position Size:** For spot margin, your short or overbought balances count toward your total exposure. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/spot-margin#why-you-cant-always-use-full-leverage) Why You Can’t Always Use Full Leverage Your maximum position size depends on: * Collateral Haircuts (some assets count less toward collateral due to higher volatility) * Borrowing Pool Liquidity (there must be enough supply for you to borrow) * Available Equity in your subaccount This means it’s not as straightforward as a simple “balance × max leverage” calculation. **Example** Suppose you have 100 USDC in your subaccount and the system allows 10× max leverage. Theoretically, you might assume you can buy $1,000 of SOL. * USDC is considered high-quality collateral (minimal haircut). * SOL may have a lower collateral weight (a “haircut”) due to higher volatility. * When you trade USDC for SOL, your collateral composition changes from “good collateral” to “riskier collateral.” As a result, the margin engine may limit your final position to, say, $800 of SOL, ensuring you retain enough stable collateral to cover potential volatility in SOL’s price. For further details, refer to the Margin section. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/spot-margin#utilization-and-interest-rates) Utilization & Interest Rates Spot margin borrowing relies on the same borrow & lending framework as standard manual borrows. This means: * **Utilization Rate** \= Total Borrowed / Total Lent. * **Borrow Rate:** Determined by the market’s Utilization Curve. Higher utilization means higher borrowing costs. * **Lend Rate:** Equal to Borrow Rate × Utilization. Lenders earn more yield as the pool’s utilization grows. Because spot margin taps into the same pool, your borrow is subject to the hourly interest charges outlined in the borrow & lending doc. You can track real-time utilization and interest rates on the Lend page for each asset. [For further details, refer to the Borrow & Lend section.](https://support.backpack.exchange/technical-docs/borrow-and-lend) [PreviousMarginchevron-left](https://support.backpack.exchange/technical-docs/trading/margin) [NextFutures Specschevron-right](https://support.backpack.exchange/technical-docs/trading/futures-specs) Last updated 11 months ago * [Enabling Spot Margin](https://support.backpack.exchange/technical-docs/trading/spot-margin#enabling-spot-margin) * [Margin Trading](https://support.backpack.exchange/technical-docs/trading/spot-margin#margin-trading) * [Repaying Margin Trades](https://support.backpack.exchange/technical-docs/trading/spot-margin#repaying-margin-trades) * [Margin Requirements & Collateral](https://support.backpack.exchange/technical-docs/trading/spot-margin#margin-requirements-and-collateral) * [Key Points](https://support.backpack.exchange/technical-docs/trading/spot-margin#key-points) * [Why You Can’t Always Use Full Leverage](https://support.backpack.exchange/technical-docs/trading/spot-margin#why-you-cant-always-use-full-leverage) * [Utilization & Interest Rates](https://support.backpack.exchange/technical-docs/trading/spot-margin#utilization-and-interest-rates) --- # Utilization and Interest Rates | Technical Docs | Backpack Exchange Interest Rates on Backpack are determined by a Utilization Rate model. Each borrow lend market has its own Utilization Rate curve, which can be found on their respective Lend page. A market's Utilization Rate shows how much of its available assets are borrowed. As more assets get borrowed, interest rates rise. More specifically, **Utilization Rate = Total Borrowed / Total Lent** You can get a comprehensive view of how interest rates are generated on Backpack. At any point in time, you can monitor the following: 1. Total lending pool supply 2. Total borrowed amount 3. Current Utilization Rate 4. Projected interest rates at various Utilization Rate levels 5. And more Interest is charged every hour. The Borrow Rate is purely determined by the Utilization Rate curve. The Lend Rate is equal to **Borrow Rate \* Utilization**. The utilization rate curve is designed to reduce the risk of reaching 100% utilization, which would block redemptions from the lending pool. The system defines an optimal utilization threshold where interest rates begin to rise exponentially. This makes borrowing increasingly expensive, encouraging repayments, while also making lending more attractive due to higher yields. These market forces work together to reduce the utilization rate. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXf8rlocQCzUbgodbcUjV7F4ZxRLHApdfIxNDAk0RNj_07Fclr2au5A2CkJ9qMtnDn8LRn2FrW9JxHkpQPHO5lcW40pr1GM-5ITJD5oVBuctDUqyEBcT9QKXW87GqGqEcnm66floJw%3Fkey%3DexfDayo-Ark8yymyBDhBrx8G&width=768&dpr=4&quality=100&sign=ff2f5a41&sv=2) As an additional safeguard, the system includes a throttle threshold. When utilization reaches this level, all redemptions and new borrows pause. This gives new lenders time to enter the market and borrowers time to repay their debt. The pause also creates a buffer for redeeming collateral from accounts undergoing liquidation. [PreviousBorrowingchevron-left](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing) [NextRiskschevron-right](https://support.backpack.exchange/technical-docs/borrow-and-lend/risks) Last updated 11 months ago --- # Lending | Technical Docs | Backpack Exchange You can start lending on Backpack in two ways. [hashtag](https://support.backpack.exchange/technical-docs/borrow-and-lend/lending#method-1-manual-lend) **Method # 1 - Manual Lend** ------------------------------------------------------------------------------------------------------------------------------------------ Lend your assets manually through the **Lend page** or the **Lend modal**. Interest generated from your lends is automatically added to your balance and compounded. [hashtag](https://support.backpack.exchange/technical-docs/borrow-and-lend/lending#method-2-auto-lend) **Method # 2 - Auto Lend** -------------------------------------------------------------------------------------------------------------------------------------- Auto Lend is a subaccount setting that automatically lends all available assets sitting in a subaccount into the lending pool. When Auto Lend mode is enabled, you can seamlessly start lending by depositing assets to your subaccount or buying an asset that is eligible to be lent out. [hashtag](https://support.backpack.exchange/technical-docs/borrow-and-lend/lending#redeeming) **Redeeming** ---------------------------------------------------------------------------------------------------------------- To provide the most seamless and flexible user experience, all lends are redeemed automatically to the maximum extent possible (see note below) for the user, regardless of whether Auto Lend is enabled or disabled. You can redeem your assets in the following ways: 1. **Spot Trading** - lends will be automatically redeemed to cover any spot trades. For example, if you are lending USDC and wants to buy BTC, your USDC will be redeemed automatically from the lending pool in order to cover the trade. 2. **Withdrawing** \- you can also simply withdraw their lent assets without having to manually redeem them. At the time of withdrawal, Backpack will redeem their lends from the lending pool and process the withdrawal. 3. **Manual Redeem** - if you no longer wants to lend, but don't need to trade or withdraw the funds, you can simply manually redeem their assets from their Lend page or the Lend modal (only if Auto Lend isn’t enabled). **Important to note:** you can redeem your lends as long as the utilization rate for that given asset allows it. In order to prevent the utilization rate from reaching 100%, Backpack implements a throttling threshold, in which no lends can be redeemed and no additional borrows can occur until the utilization rate dips below that threshold (via more lends or more people repaying their borrows). More detail on this further below. [PreviousBorrow & Lendchevron-left](https://support.backpack.exchange/technical-docs/borrow-and-lend) [NextBorrowingchevron-right](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing) Last updated 11 months ago * [Method # 1 - Manual Lend](https://support.backpack.exchange/technical-docs/borrow-and-lend/lending#method-1-manual-lend) * [Method # 2 - Auto Lend](https://support.backpack.exchange/technical-docs/borrow-and-lend/lending#method-2-auto-lend) * [Redeeming](https://support.backpack.exchange/technical-docs/borrow-and-lend/lending#redeeming) --- # Risks | Technical Docs | Backpack Exchange [hashtag](https://support.backpack.exchange/technical-docs/borrow-and-lend/risks#borrower-default) Borrower Default ------------------------------------------------------------------------------------------------------------------------ Backpack has a tiered liquidation model that prevents your account from going bankrupt. First, the system attempts to liquidate positions through the orderbook. If positions are too large or if a user's margin fraction falls below their auto-close threshold, liquidation occurs against Backstop Liquidity Providers. In the edge case that prices are falling extremely rapidly and the system is not able to liquidate a borrower’s position on time, Backpack employs an auto-deleveraging (ADL) mechanism to ensure that the lender receives the value of their lend in notional terms. To illustrate this: 1. Assume a Borrower is borrowing 1 BTC from a Lender 2. Borrower is not holding BTC in their account. They either withdrew it or traded it into another asset. 3. The Borrower’s account goes bankrupt. BTC is trading at $100,000. 4. The Lender is still expecting their money. In this edge case, the liquidation system would liquidate the Borrower’s assets, and pay out $100,000 to the Lender in notional terms, rather than 1 BTC. In conclusion, Backpack’s liquidation system has levels of backstop liquidity in place to maintain stability in the market and protect lenders. In extreme cases, the primary mandate of the margin system is to make sure that the Lender receives the value that they lent, either in the actual token or in notional USD terms at the time of liquidation. [hashtag](https://support.backpack.exchange/technical-docs/borrow-and-lend/risks#id-100-utilization) 100% Utilization -------------------------------------------------------------------------------------------------------------------------- When a market reaches 100% utilization, lent assets cannot be redeemed. This creates a potential risk since Backpack allows lent assets to be used as collateral. If a user with lent collateral faces liquidation, but their assets cannot be redeemed due to full utilization, Backpack employs an Auto-Deleveraging (ADL) mechanism. The ADL process works as follows: 1. A user with lent assets as collateral triggers liquidation due to losing positions. 2. Market utilization reaches 100%, preventing lend redemptions. 3. The liquidation engine activates but cannot redeem the lender's assets. 4. The system matches the lender with borrowers who have available collateral (every borrow is collateralized). 5. An amount in notional USDC terms no greater than the size of the original borrow is transferred from the borrower to the lender's account for liquidation. 6. The loan is now closed. The lender was successfully liquidated. The borrower's collateral may have been converted to a different asset than originally borrowed, but their account value remains unchanged. [PreviousUtilization and Interest Rateschevron-left](https://support.backpack.exchange/technical-docs/borrow-and-lend/utilization-and-interest-rates) Last updated 11 months ago * [Borrower Default](https://support.backpack.exchange/technical-docs/borrow-and-lend/risks#borrower-default) * [100% Utilization](https://support.backpack.exchange/technical-docs/borrow-and-lend/risks#id-100-utilization) --- # Borrowing | Technical Docs | Backpack Exchange Backpack offers the ability for you to borrow assets for a variety of use cases, such as spot margin trading. Borrowed assets go into your available balance, which can be used to place orders or make withdrawals as long as the margin requirements are met. Contrary to most Borrow Lend protocols/products, you don’t need to supply assets into the lending pool before being able to borrow on Backpack. As long as there is Available Equity in the subaccount, users can start borrowing. Here are the three different ways to borrow on Backpack. ### [hashtag](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing#method-1-manual-borrow) **Method #1 - Manual Borrow** Borrows can be originated manually through the Borrow tab on the Lend page. Note that the Auto Lend setting automatically repays all borrows in a subaccount. As a result, **manual borrowing is disabled** when Auto Lend is enabled, since any manual borrows would be immediately repaid. When Auto Lend is enabled, borrows can only be made through Spot Margin or Margin Withdrawals. ### [hashtag](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing#method-2-spot-margin) **Method #2 - Spot Margin** You can automatically borrow through spot margin by checking the Margin checkbox on the order entry user interface and spending more than what they currently have or selling an asset that they don’t hold. For example, if you hold USDC and wants to short sell ETH spot, you can simply enable Margin and sell ETH. This will trigger a borrow for you, removing the need for making a manual borrow beforehand in order to trade with it. ### [hashtag](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing#method-3-margin-withdrawal) **Method #3 - Margin Withdrawal** Similarly, you can borrow against your collateral when withdrawing an asset that you currently don’t hold by checking the Margin checkbox on the withdrawal modal. The maximum withdrawable amount with borrow will be determined by your current Available Equity. ### [hashtag](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing#repayment) Repayment Borrows can be repaid in the following ways: #### [hashtag](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing#manual-repayment) **Manual Repayment** If you hold the asset you owe, you can manually repay it on the Borrow tab on the trade page by clicking Repay, or through the Repay tab on the Lend page. As explained previously, note that if Auto Lend is enabled, you won’t be able to make manual repayments as any borrows will be repaid automatically if there is an available balance to do so. #### [hashtag](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing#spot-margin) **Spot Margin** The proceeds of a spot margin trade can be used to repay borrows. For example, assuming you owe 1 SOL, if they buy 1 SOL with Margin enabled on the trade, that SOL will be automatically used to repay the outstanding borrow. #### [hashtag](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing#depositing) **Depositing** When Auto Lend is enabled, all borrows are repaid automatically as soon as there is available balance in the account. That means that if you owe 1 SOL, you can simply deposit 1 SOL into the subaccount and the debt will be repaid automatically. [PreviousLendingchevron-left](https://support.backpack.exchange/technical-docs/borrow-and-lend/lending) [NextUtilization and Interest Rateschevron-right](https://support.backpack.exchange/technical-docs/borrow-and-lend/utilization-and-interest-rates) Last updated 11 months ago * [Method #1 - Manual Borrow](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing#method-1-manual-borrow) * [Method #2 - Spot Margin](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing#method-2-spot-margin) * [Method #3 - Margin Withdrawal](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing#method-3-margin-withdrawal) * [Repayment](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing#repayment) --- # Futures Specs | Technical Docs | Backpack Exchange ### [hashtag](https://support.backpack.exchange/technical-docs/trading/futures-specs#overview) Overview * All subaccounts on Backpack are cross-margined. Margin is isolated per subaccount. * There is only one wallet to access all products (spot, futures, spot margin, borrow/lending). * Currently, markets are denominated and settled in USDC. * Lent assets can be used as collateral to open and maintain futures positions. Interest rates are determined by the public utilization rate curve of the Borrow Lend market. * PnL is continuously realized by default and counts toward net equity. Realized PnL earns or pays interest based on your borrow/lend exposure—surplus earns interest if Auto-Lend is enabled, while borrowed balances incur interest by default. * Liquidations first go through the orderbook, and upon hitting the auto-close margin, accounts are liquidated against Backstop Liquidity Providers. ### [hashtag](https://support.backpack.exchange/technical-docs/trading/futures-specs#margin-and-collateral) Margin & Collateral **Item** **Description** **Formula** Collateral Value Notional value of collateral asset with haircut applied TokenSize×MarkPrice×CollateralWeight\\text{TokenSize} \\times \\text{MarkPrice} \\times \\text{CollateralWeight}TokenSize×MarkPrice×CollateralWeight Total Account Collateral Total value of collateral assets with haircut applied ∑(Collateral Value) for all collateral assets\\sum \\text{(Collateral Value)} \\text{ for all collateral assets}∑(Collateral Value) for all collateral assets Unrealized PnL Position Unrealized PnL Position Size×(Mark Price−Average Entry Price)\\text{Position Size} \\times (\\text{Mark Price} - \\text{Average Entry Price})Position Size×(Mark Price−Average Entry Price) Net Exposure Quantity Size in tokens of current open positions and open orders that increase risk within a symbol Position Size+Open Order Size Of Orders Increasing Risk\\text{Position Size} + \\text{Open Order Size Of Orders Increasing Risk}Position Size+Open Order Size Of Orders Increasing Risk Net Exposure Notional Notional size of current open positions and open orders that increase risk within a symbol Net Exposure Quantity×Mark Price\\text{Net Exposure Quantity} \\times \\text{Mark Price}Net Exposure Quantity×Mark Price Total Exposure Notional Total notional sum of open positions and orders that increase risk across all symbols ∑(Net Exposure Notional) across all futures and spot margin positions\\sum \\text{(Net Exposure Notional)} \\text{ across all futures and spot margin positions}∑(Net Exposure Notional) across all futures and spot margin positions Base IMF Position IMF without considering size max⁡(1maximum leverage on platform,1maximum leverage set by user)\\max\\left(\\dfrac{1}{\\text{maximum leverage on platform}}, \\dfrac{1}{\\text{maximum leverage set by user}}\\right)max(maximum leverage on platform1​,maximum leverage set by user1​) Position Initial Margin Fraction (IMF) Initial margin requirement for a position adjusted for position size max⁡(Base IMF,IMF Factor×Notional Position Size)\\max \\left(\\text{Base IMF}, \\text{IMF Factor} \\times \\sqrt{\\text{Notional Position Size}}\\right)max(Base IMF,IMF Factor×Notional Position Size​) Position Maintenance Margin Fraction (MMF) Maintenance margin requirement adjusted for position size max⁡(Base MMF,MMF Factor×Notional Position Size)\\max \\left(\\text{Base MMF}, \\text{MMF Factor} \\times \\sqrt{\\text{Notional Position Size}}\\right)max(Base MMF,MMF Factor×Notional Position Size​) Account IMF Minimum margin fraction required to open new positions max⁡(1max leverage,∑(Notional Position Size×Position IMF)Total Exposure Notional)\\max\\left(\\dfrac{1}{\\text{max leverage}}, \\dfrac{\\sum \\text{(Notional Position Size} \\times \\text{Position IMF)}}{\\text{Total Exposure Notional}}\\right)max(max leverage1​,Total Exposure Notional∑(Notional Position Size×Position IMF)​) Account MMF Minimum margin fraction required to not get liquidated. ∑(Notional Position Size×Position MMF)Total Exposure Notional\\dfrac{\\sum \\text{(Notional Position Size} \\times \\text{Position MMF)}}{\\text{Total Exposure Notional}}Total Exposure Notional∑(Notional Position Size×Position MMF)​ Net Equity Total net equity value of the account. Total Collateral Value+Total Unrealized PnL+Unsettled Balances−Total Borrow Liability\\text{Total Collateral Value} + \\text{Total Unrealized PnL} + \\text{Unsettled Balances} - \\text{Total Borrow Liability}Total Collateral Value+Total Unrealized PnL+Unsettled Balances−Total Borrow Liability Net Equity Locked Total equity used to maintain open positions and orders that increase risk. Initial Margin Fraction×Total Exposure Notional summed across all token market positions\\text{Initial Margin Fraction} \\times \\text{Total Exposure Notional} \\text{ summed across all token market positions}Initial Margin Fraction×Total Exposure Notional summed across all token market positions Net Equity Available Equity available to open new positions. Net Equity−Net Equity Locked\\text{Net Equity} - \\text{Net Equity Locked}Net Equity−Net Equity Locked Account Margin Fraction (MF) How levered an account is given its current active positions and the mark prices of the coins. Net EquityTotal Exposure Notional\\dfrac{\\text{Net Equity}}{\\text{Total Exposure Notional}}Total Exposure NotionalNet Equity​ Auto Close Margin Fraction Margin fraction in which account is liquidated against BLPs. max⁡(Account MMFACMF Divisor,Account MMF−ACMF Offset)\\max \\left(\\dfrac{\\text{Account MMF}}{\\text{ACMF Divisor}}, \\text{Account MMF} - \\text{ACMF Offset}\\right)max(ACMF DivisorAccount MMF​,Account MMF−ACMF Offset) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/futures-specs#mark-price-and-index-price) Mark Price and Index Price We have fallback logic to calculate the Mark Price. The order of preference is: 1. Index price + 1 minute EWMA of (mid price - index price) delta. The mid price is the mean of the best bid and best offer. 2. Index price. 3. Median of the best bid, best offer and last traded price on Backpack. 4. Mid price (mean of best bid and best offer) on Backpack. 5. Last traded price on Backpack. We will resort to using the fallback logic if we do not have the necessary data (e.g. it is stale). Markets in post only state will use the index price as the mark price until the order book state changes to open. For **Index Price**, we retrieve market price data from a set of exchanges. * For each exchange, we take the median of {best bid, best ask, last price} and use this as the market price. * We then calculate the median market price for the exchanges. * We apply a ceiling price of 100bps above the median and a floor price of 100bps below the median. If an exchange is outside of that, then they will be given the ceiling / floor price. * Each exchange is given a weighing that affects their weight. We use that weighting in a weighted mean average market price calculation for the set of exchanges. #### [hashtag](https://support.backpack.exchange/technical-docs/trading/futures-specs#mark-price-bounds) **Mark Price Bounds** We apply a constraint to prevent abnormal mark prices from affecting user positions. If the mark price deviates from the index price beyond a percentage threshold, Backpack will bound the mark price by that threshold. **Example:** If the index price is 100 and the threshold is 5%, the mark price will be constrained to the range \[95, 105\]. This protection: * Prevents abnormal mark prices caused by manipulation or unusual market conditions * Protects user positions from unexpected liquidations _Note: This constraint may be relaxed for certain new listings where more volatile market conditions are expected._ * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/futures-specs#funding-rate) Funding Rate _Note: on Wednesday August 20 at 08:00 UTC, the funding rate intervals across all perpetual futures markets were changed to hourly._ Funding rate = Clamp\[(mean\_premium\_index + Clamp(interest\_rate – mean\_premium\_index, -0.05%, 0.05%)) / 8, Funding rate cap, Funding rate floor\] **The funding rate is calculated as follows:** * Every second we record the premium index * premium = (mark price − index price) / index price * Average premium index = moving-average of those per-second premiums over the funding interval. * Interest-rate add-on * interest\_rate = 0.03 % × (funding\_interval\_hours / 24) * The funding rate floors and ceilings are set per market and can be found on the market specs [pagearrow-up-right](https://backpack.exchange/market-info/market-specs/futures) or fetched via API using the [markets endpointarrow-up-right](https://docs.backpack.exchange/#tag/Markets/operation/get_markets) . * Funding payments are debited/credited at the end of the interval and are calculated as follows: * payment = funding rate × position quantity × mark price * * * ### [hashtag](https://support.backpack.exchange/technical-docs/trading/futures-specs#price-bands) Price Bands #### [hashtag](https://support.backpack.exchange/technical-docs/trading/futures-specs#limit-price-bands) Limit Price Bands * These are applied to limit orders. * We calculate the median of {best bid, best offer, last price}. This is called the Active Price. * We then have a configurable Max Multiplier and Min Multiplier parameters. * If a limit order is submitted with a limit price that exceeds Active Price \* Max Multiplier, then it is rejected. Conversely, if it has a limit price below Active Price \* Min Multiplier, then it is rejected #### [hashtag](https://support.backpack.exchange/technical-docs/trading/futures-specs#price-impact-bands) Price Impact Bands * These are applied to taker orders. * We have parameters Max Impact Multiplier and Min Impact Multiplier. * If we have a buy taker order, we will only allow it to to take up to the price level of best offer \* Max Impact Multiplier. If the order is not fully filled at that point then we will expire the order and it will be partially filled. Converse logic applied for Min Impact Multiplier. #### [hashtag](https://support.backpack.exchange/technical-docs/trading/futures-specs#mean-mark-price-bands) Mean Mark Price Bands * We calculate the 5 minute moving mean average for the mark price, mean mark price * We then have 2 parameters Max Multiplier and Min multiplier * If a taker order is submitted, then we will allow it to fill up until the price level of mean mark price \* Max Multiplier . If the order is not fully filled at that point then we will expire the order and it will be partially filled. Converse logic applied for Min Multiplier . This is similar to the above price impact price bands. #### [hashtag](https://support.backpack.exchange/technical-docs/trading/futures-specs#mean-premium-bands) Mean Premium Bands * We calculate the 5 minute moving average of the premium, mean premium * We then have a parameter tolerance pct * If, e.g. the tolerance percentage is 1% and the mean premium is 3%, then if a taker order is submitted, we will only allow it full up to a price level at which the current premium is 4%. If the order is not fully filled at that point then we will expire the order and it will be partially filled. * If, e.g. the tolerance percentage is 1% and the mean premium is -3%, then if a taker order is submitted, we will only allow it full up to a price level at which the current premium is -4%. If the order is not fully filled at that point then we will expire the order and it will be partially filled. [PreviousSpot Marginchevron-left](https://support.backpack.exchange/technical-docs/trading/spot-margin) [NextSettlement and Realizationchevron-right](https://support.backpack.exchange/technical-docs/trading/settlement-and-realization) Last updated 16 days ago * [Overview](https://support.backpack.exchange/technical-docs/trading/futures-specs#overview) * [Margin & Collateral](https://support.backpack.exchange/technical-docs/trading/futures-specs#margin-and-collateral) * [Mark Price and Index Price](https://support.backpack.exchange/technical-docs/trading/futures-specs#mark-price-and-index-price) * [Funding Rate](https://support.backpack.exchange/technical-docs/trading/futures-specs#funding-rate) * [Price Bands](https://support.backpack.exchange/technical-docs/trading/futures-specs#price-bands) --- # Trading | Technical Docs Tài liệu Backpack | Backpack Exchange [Ký Quỹchevron-right](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy) [Ký quỹ giao ngay (Spot Margin)chevron-right](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin) [Thông số Hợp đồng Tương laichevron-right](https://support.backpack.exchange/technical-docs/vn/trading/thong-so-hop-dong-tuong-lai) [Thanh toán và Chốt Lãi/Lỗchevron-right](https://support.backpack.exchange/technical-docs/vn/trading/thanh-toan-va-chot-lai-lo) [Phíchevron-right](https://support.backpack.exchange/technical-docs/vn/trading/phi) [PreviousHướng dẫn bắt đầu giao dịchchevron-left](https://support.backpack.exchange/technical-docs/vn/huong-dan-bat-dau-giao-dich) [NextKý Quỹchevron-right](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy) --- # Hướng dẫn bắt đầu giao dịch | Technical Docs Tài liệu Backpack | Backpack Exchange Để bắt đầu giao dịch trên Backpack Exchange, bạn cần tạo tài khoản, hoàn tất xác minh danh tính và nạp tiền (qua cổng nạp tiền pháp định hoặc ví tiền mã hóa). * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/huong-dan-bat-dau-giao-dich#tao-tai-khoan-va-xac-minh-danh-tinh) Tạo tài khoản và xác minh danh tính Truy cập [backpack.exchangearrow-up-right](https://backpack.exchange/) và đăng ký tài khoản mới. Sau khi xác minh email, tiến hành xác minh danh tính (KYC – Know Your Customer) theo hướng dẫn. Xem hướng dẫn chi tiết tại: * [Xác minh danh tính cho tài khoản cá nhânarrow-up-right](https://support.backpack.exchange/articles/verify-individual-account-identity-backpack-exchange) * [Xác minh danh tính cho tổ chức và doanh nghiệparrow-up-right](https://support.backpack.exchange/articles/verify-institutional-and-business-account-identity) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/huong-dan-bat-dau-giao-dich#nap-tien-bang-tien-phap-dinh-hoac-tien-ma-hoa) Nạp tiền bằng tiền pháp định hoặc tiền mã hóa Khi hoàn tất KYC, bạn có thể nạp tiền vào ví bằng: cổng nạp tiền pháp định (chuyển khoản ngân hàng, thẻ tín dụng/thẻ ghi nợ) hoặc nạp trực tiếp tiền mã hóa Truy cập menu Deposit (Nạp tiền) để sử dụng hai lựa chọn trên. * [Nạp tiền mã hóa bằng Backpack Wallet.arrow-up-right](https://support.backpack.exchange/articles/deposit-crypto-on-backpack-exchange-wallet-via-backpack-wallet-browser) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/huong-dan-bat-dau-giao-dich#bat-dau-giao-dich-tren-backpack-exchange) Bắt đầu giao dịch trên Backpack Exchange Thị trường giao ngay (Spot market), Ký quỹ giao ngay (Spot margin), Hợp đồng tương lai vĩnh viễn (Perpetual futures) và Safe đều có sẵn cho người dùng Backpack. Xem Trung tâm trợ giúp [Backpack Help centerarrow-up-right](https://support.backpack.exchange/) để có hướng dẫn chi tiết và thông tin về các sản phẩm. * Liên hệ Bộ phận Hỗ trợ Khách hàng qua [Discordarrow-up-right](https://discord.gg/backpack) hoặc email: [\[email protected\]envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#33404643435c41477351525058435250581d564b505b525d5456) [PreviousWelcomechevron-left](https://support.backpack.exchange/technical-docs/vn) [NextTradingchevron-right](https://support.backpack.exchange/technical-docs/vn/trading) Last updated 9 months ago * [Tạo tài khoản và xác minh danh tính](https://support.backpack.exchange/technical-docs/vn/huong-dan-bat-dau-giao-dich#tao-tai-khoan-va-xac-minh-danh-tinh) * [Nạp tiền bằng tiền pháp định hoặc tiền mã hóa](https://support.backpack.exchange/technical-docs/vn/huong-dan-bat-dau-giao-dich#nap-tien-bang-tien-phap-dinh-hoac-tien-ma-hoa) * [Bắt đầu giao dịch trên Backpack Exchange](https://support.backpack.exchange/technical-docs/vn/huong-dan-bat-dau-giao-dich#bat-dau-giao-dich-tren-backpack-exchange) --- # Welcome | Technical Docs Tài liệu Backpack | Backpack Exchange [Backpack Exchangearrow-up-right](https://backpack.exchange/) là một sàn giao dịch tiền mã hóa toàn cầu được quản lý đầy đủ, đang xây dựng một nền tảng giao dịch sáng tạo, dễ sử dụng và tuân thủ quy định. Được xây dựng trên hệ thống quản lý rủi ro theo thời gian thực vững chắc, công cụ của Backpack tự động tổng hợp tất cả tài sản của người dùng vào một môi trường giao dịch ký quỹ chéo duy nhất, đồng thời kích hoạt chức năng cho vay tự động. Điều này cho phép các nhà giao dịch ở mọi quy mô tiếp cận các công cụ giao dịch nâng cao – vốn thường chỉ dành cho các tổ chức lớn trên các nền tảng khác. * **Hơn 150 quốc gia** * **Hơn 500 triệu giao dịch đã hoàn tất** * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn#loi-nhuan-tren-moi-tai-san) Lợi nhuận trên mọi tài sản #### [hashtag](https://support.backpack.exchange/technical-docs/vn#tinh-nang-cho-vay-tu-dong) Tính Năng Cho Vay Tự Động Nếu bạn bật tính năng _Auto Lend_ (Cho vay tự động), tất cả tài sản bạn đã nạp sẽ tự động được đưa vào nhóm cho vay của chúng tôi, mặc định tạo ra lợi nhuận cho bạn. Những tài sản này vẫn đủ điều kiện để sử dụng làm ký quỹ, giúp bạn không cần phải quản lý riêng biệt các tài khoản “kiếm lãi”. #### [hashtag](https://support.backpack.exchange/technical-docs/vn#loi-nhuan-tren-loi-nhuan-chua-hien-thuc) Lợi nhuận trên Lợi Nhuận Chưa Hiện Thực Ngay cả phần lãi/lỗ chưa chốt từ các vị thế của bạn (_unrealized PnL_) cũng được tính vào tổng tài sản thế chấp, và tiếp tục tạo ra lợi nhuận cho đến khi vị thế đó được đóng lại. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn#the-chap-tai-san-da-cho-vay) Thế chấp tài sản đã cho vay Bất kỳ tài sản nào bạn đem cho vay cũng có thể được sử dụng làm ký quỹ cho các giao dịch mới, từ đó nâng cao hiệu quả sử dụng vốn của bạn. Hệ thống tạo lợi nhuận của Backpack được tích hợp sâu vào công cụ quản lý rủi ro cốt lõi của sàn, đảm bảo bạn vẫn giữ nguyên giá trị thế chấp trong khi nhận được lãi suất. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn#toi-uu-von-cho-tat-ca-moi-nguoi) Tối ưu vốn cho tất cả mọi người #### [hashtag](https://support.backpack.exchange/technical-docs/vn#cong-cu-cap-to-chuc-kha-nang-tiep-can-cho-ca-nhan) Công cụ cấp tổ chức, khả năng tiếp cận cho cá nhân Công cụ quản lý rủi ro, hệ thống ký quỹ chéo và cho vay tự động của Backpack được thiết kế để cung cấp hiệu quả sử dụng vốn cao cho mọi người dùng – điều vốn chỉ dành cho người dùng VIP ở các sàn khác. #### [hashtag](https://support.backpack.exchange/technical-docs/vn#khong-phan-cap-nguoi-dung) Không phân cấp người dùng Người dùng cấp thấp hơn không bị áp đặt các yêu cầu ký quỹ khắt khe hoặc bị hạn chế tiếp cận sản phẩm nâng cao. Chúng tôi tập trung vào thiết kế mang tính bao trùm để tạo sân chơi công bằng cho tất cả. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn#linh-hoat-trong-thanh-toan) Linh hoạt trong thanh toán #### [hashtag](https://support.backpack.exchange/technical-docs/vn#chot-lai-lien-tuc) Chốt lãi liên tục Nếu bạn bật tính năng _Auto Realize PnL_ (Tự động chốt lãi/lỗ), hệ thống thanh toán của chúng tôi cho phép bạn chốt lời một phần theo chu kỳ liên tục, giúp điều chỉnh hoặc khóa lợi nhuận mà không cần phải đóng toàn bộ vị thế. #### [hashtag](https://support.backpack.exchange/technical-docs/vn#tuy-chinh-chien-luoc-linh-hoat) Tùy chỉnh chiến lược linh hoạt Cơ chế thanh toán liên tục này đặc biệt hữu ích cho các chiến lược phòng ngừa rủi ro (_hedging_), giao dịch chênh lệch giá tần suất cao (_high-frequency arbitrage_) hoặc các chiến lược phức tạp nhiều bước (_multi-leg strategies_). * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn#phi-canh-tranh) Phí cạnh tranh #### [hashtag](https://support.backpack.exchange/technical-docs/vn#tuong-duong-cac-san-hang-dau) Tương đương các sàn hàng đầu Cấu trúc phí của Backpack được thiết kế cạnh tranh, tương đương với các nền tảng tiết kiệm chi phí nhất trên thị trường. * * * Chúng tôi đã xây dựng hệ thống này từ con số 0 để tạo ra thứ mà chúng tôi gọi là Interest Bearing Perps – một hệ thống kết hợp giữa giao dịch perpetual (vĩnh viễn) và thị trường cho vay, giúp tài sản thế chấp của bạn luôn hoạt động và sinh lời. Bạn có 30 giây không? Hãy xem video hướng dẫn nhanh về Interest Bearing Perps của chúng tôi: [NextHướng dẫn bắt đầu giao dịchchevron-right](https://support.backpack.exchange/technical-docs/vn/huong-dan-bat-dau-giao-dich) Last updated 1 month ago * [Lợi nhuận trên mọi tài sản](https://support.backpack.exchange/technical-docs/vn#loi-nhuan-tren-moi-tai-san) * [Thế chấp tài sản đã cho vay](https://support.backpack.exchange/technical-docs/vn#the-chap-tai-san-da-cho-vay) * [Tối ưu vốn cho tất cả mọi người](https://support.backpack.exchange/technical-docs/vn#toi-uu-von-cho-tat-ca-moi-nguoi) * [Linh hoạt trong thanh toán](https://support.backpack.exchange/technical-docs/vn#linh-hoat-trong-thanh-toan) * [Phí cạnh tranh](https://support.backpack.exchange/technical-docs/vn#phi-canh-tranh) --- # Thanh toán và Chốt Lãi/Lỗ | Technical Docs Tài liệu Backpack | Backpack Exchange Các hợp đồng tương lai trên Backpack được thanh toán bằng USDC. Điều này bao gồm phí, thanh toán tài trợ và lợi nhuận/lỗ (PnL). Nếu bạn có USDC trong tài khoản của mình, tất cả các khoản thanh toán bằng USDC sẽ được trừ từ số dư USDC của bạn. Tuy nhiên, trong trường hợp bạn không có USDC sẵn có trong tài khoản và do đó nợ hệ thống, Backpack sẽ xem xét các lựa chọn sau (theo thứ tự ưu tiên): 1. Mua lại bất kỳ khoản vay USDC chưa thanh toán nào. 2. Vay USDC từ hồ cho vay. 3. Chuyển đổi tài sản thế chấp không phải USDC thành USDC. Điều này có nghĩa là bạn có thể giao dịch hợp đồng tương lai mà không cần phải có USDC trong tài khoản của mình. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/thanh-toan-va-chot-lai-lo#thanh-toan-pnl-loi-nhuan-lo) Thanh toán PnL (Lợi nhuận/Lỗ) PnL trên Backpack được thanh toán theo thời gian thực. Mỗi 10 giây, bất kỳ lợi nhuận hoặc lỗ chưa thực hiện nào sẽ được chốt mà không ảnh hưởng đến kích thước vị thế của bạn. Điều này có nghĩa là số dư USDC của bạn sẽ được ghi có hoặc ghi nợ liên tục khi PnL của bạn dao động. Mô hình thanh toán theo thời gian thực này tối ưu hóa hiệu quả sử dụng vốn. Ví dụ, nếu bạn có một vị thế với lợi nhuận chưa thực hiện +$1,000 và muốn sử dụng tài sản này (cho giao dịch giao ngay, rút tiền, v.v.): * Trên các sàn giao dịch crypto truyền thống, bạn sẽ phải đóng vị thế của mình để truy cập số tiền $1,000 đó, hoặc vay mượn để sử dụng vốn đã tăng. * Với Backpack, lợi nhuận $1,000 đó sẽ được ghi ngay lập tức vào số dư USDC của bạn, cho phép bạn sử dụng nó để giao dịch giao ngay, mở vị thế mới, rút tiền từ sàn, hoặc cho vay — tất cả mà không làm giảm vị thế ban đầu của bạn. Để tăng cường hiệu quả sử dụng vốn, nếu bạn bật Auto Lend, tất cả lợi nhuận sẽ tự động được cho vay vào hồ cho vay USDC để kiếm lợi suất trong khi vị thế của bạn vẫn mở. Quan trọng là, những tài sản đã cho vay này vẫn được tính 100% vào vốn chủ sở hữu của bạn, nghĩa là bạn có thể đồng thời kiếm lợi suất trong khi sử dụng những quỹ này để duy trì các vị thế hiện tại và mở các vị thế mới. Quá trình tương tự cũng áp dụng cho các khoản lỗ. Khi các vị thế hợp đồng tương lai của bạn gặp lỗ, số dư USDC của bạn sẽ bị ghi nợ tương ứng. Điều này hoạt động giống như các mô hình lỗ chưa thực hiện truyền thống về rủi ro thanh lý — sự khác biệt duy nhất là trong phương pháp kế toán. Trong cả hai mô hình, các khoản lỗ sẽ làm giảm vốn chủ sở hữu tài khoản của bạn, ảnh hưởng đến tính toán ký quỹ và ngưỡng thanh lý theo cùng một cách. Cho dù các khoản lỗ của bạn là "chưa thực hiện" trên các nền tảng truyền thống hay "đã thực hiện" qua thanh toán theo thời gian thực trên Backpack, cơ chế quản lý rủi ro và các tham số thanh lý vẫn giữ nguyên. Nếu bạn không có đủ tài sản thế chấp USDC và đang sử dụng các tài sản khác (BTC, SOL, ETH, hoặc USDT), hệ thống sẽ tự động tạo một khoản vay USDC để trang trải các khoản lỗ thay vì thanh lý tài sản thế chấp không phải USDC của bạn. [PreviousThông số Hợp đồng Tương laichevron-left](https://support.backpack.exchange/technical-docs/vn/trading/thong-so-hop-dong-tuong-lai) [NextPhíchevron-right](https://support.backpack.exchange/technical-docs/vn/trading/phi) Last updated 1 month ago --- # Tỷ lệ sử dụng và Lãi suất | Technical Docs Tài liệu Backpack | Backpack Exchange Lãi suất trên Backpack được xác định bởi mô hình Tỷ lệ sử dụng (Utilization Rate). Mỗi thị trường vay & cho vay có đường cong tỷ lệ sử dụng riêng, có thể được tìm thấy trên trang Lend của thị trường đó. Tỷ lệ sử dụng của một thị trường cho thấy mức độ tài sản có sẵn trong thị trường đó đã bị vay mượn. Khi càng nhiều tài sản bị vay mượn, lãi suất sẽ tăng lên. Cụ thể hơn, _**Tỷ lệ sử dụng**_ _=_ _**Tổng số đã vay**_ _/_ _**Tổng số đã cho va**_**y** Bạn có thể có cái nhìn toàn diện về cách lãi suất được tạo ra trên Backpack. Vào bất kỳ thời điểm nào, bạn có thể theo dõi các thông tin sau: 1. Tổng cung hồ cho vay 2. Tổng số tiền đã vay 3. Tỷ lệ sử dụng hiện tại 4. Lãi suất dự kiến tại các mức tỷ lệ sử dụng khác nhau 5. Và nhiều hơn nữa Lãi suất được tính mỗi giờ. Tỷ lệ vay (Borrow Rate) hoàn toàn được xác định bởi đường cong tỷ lệ sử dụng. Tỷ lệ cho vay (Lend Rate) bằng **Tỷ lệ vay × Tỷ lệ sử dụng**. Đường cong tỷ lệ sử dụng được thiết kế để giảm rủi ro đạt 100% tỷ lệ sử dụng, điều này sẽ chặn các yêu cầu rút tiền từ hồ cho vay. Hệ thống định nghĩa một ngưỡng tỷ lệ sử dụng tối ưu, nơi lãi suất bắt đầu tăng lên theo cấp số nhân. Điều này khiến việc vay mượn trở nên đắt đỏ hơn, khuyến khích việc trả nợ, đồng thời làm cho việc cho vay trở nên hấp dẫn hơn nhờ vào lợi suất cao hơn. Những lực tác động này phối hợp với nhau để giảm tỷ lệ sử dụng. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXf8rlocQCzUbgodbcUjV7F4ZxRLHApdfIxNDAk0RNj_07Fclr2au5A2CkJ9qMtnDn8LRn2FrW9JxHkpQPHO5lcW40pr1GM-5ITJD5oVBuctDUqyEBcT9QKXW87GqGqEcnm66floJw%3Fkey%3DexfDayo-Ark8yymyBDhBrx8G&width=768&dpr=4&quality=100&sign=ff2f5a41&sv=2) Để tăng cường bảo vệ, hệ thống bao gồm một ngưỡng điều chỉnh (throttle threshold). Khi tỷ lệ sử dụng đạt mức này, tất cả các yêu cầu rút tiền và các khoản vay mới sẽ bị tạm dừng. Điều này cho phép các người cho vay mới có thời gian tham gia thị trường và người vay có thời gian để trả nợ. Sự tạm dừng này cũng tạo ra một vùng đệm để rút tài sản thế chấp từ các tài khoản đang bị thanh lý. [PreviousVay Mượnchevron-left](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/vay-muon) [NextCác Rủi Rochevron-right](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/cac-rui-ro) Last updated 9 months ago --- # Ký Quỹ | Technical Docs Tài liệu Backpack | Backpack Exchange Backpack áp dụng mô hình đa tiền tệ, ký quỹ chéo được thiết kế để tối ưu hóa hiệu quả sử dụng vốn. Khác với các sàn giao dịch khác yêu cầu bạn phải phân tách số dư của mình vào các ví riêng biệt (giao ngay, hợp đồng tương lai, ký quỹ, kiếm lãi, v.v.), Backpack cung cấp một ví ký quỹ chéo duy nhất có thể sử dụng để giao dịch tất cả các sản phẩm. Nếu bạn muốn tách rủi ro, bạn có thể dễ dàng tạo một subaccount mới, hoàn toàn tách biệt với các subaccount khác. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcontent.gitbook.com%2Fcontent%2Fz5l5FqJQ2MHlKdEnWnET%2Fblobs%2FxUEjsS38DMYXGzY4NS6N%2Fimage.png&width=768&dpr=4&quality=100&sign=99f3e7c0&sv=2) Bạn có thể sử dụng nhiều tài sản không phải USD làm tài sản thế chấp, giúp gia tăng vốn chủ sở hữu trong tài khoản để mở và duy trì các vị thế hợp đồng tương lai và vay mượn. Để cung cấp mức độ hiệu quả sử dụng vốn cao nhất trong số các sàn giao dịch tập trung, Backpack cho phép bạn sử dụng 100% tài sản cho vay làm tài sản thế chấp, giúp chúng tạo ra lợi nhuận ngay cả khi đang được sử dụng để duy trì các vị thế. Thêm vào đó, lợi nhuận chưa thực hiện sẽ được đưa vào nhóm cho vay và tạo ra lợi nhuận, cung cấp thêm hiệu quả sử dụng vốn. Dưới đây là một video hướng dẫn nhanh cho bạn về cách thức hoạt động: * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy#tai-san-the-chap) Tài sản thế chấp Tài sản thế chấp trên Backpack được tính theo giá trị USD. Các tài sản đủ điều kiện làm tài sản thế chấp sẽ nhận được một Giá trị Thế chấp (Collateral Value), đóng góp vào Vốn chủ sở hữu ròng (Net Equity) của bạn. Giá trị Thế chấp được tính theo công thức sau: _**Số lượng Token \* Giá thị trường (Mark Price) \* Trọng số (Weight)**_ Mỗi tài sản thế chấp có một Trọng số Thế chấp mặc định (Collateral Weight), hay còn gọi là tỷ lệ chiết khấu (haircut). Trọng số Thế chấp của một tài sản có thể giảm dựa trên số lượng tài sản thế chấp để điều chỉnh rủi ro và thời gian cần thiết để thanh lý tài sản. Đường cong Giá trị Thế chấp cho từng tài sản của bạn có thể được tìm thấy trong trang Statements. Dưới đây là một ví dụ minh họa cách tính Giá trị Thế chấp (lưu ý rằng các giá trị chiết khấu dưới đây không chính xác. Kiểm tra trang Statements để xem trọng số thực tế): Như đã minh họa ở trên, mặc dù người dùng này nắm giữ tài sản trị giá $120,000, nhưng Tổng Tài sản Thế chấp Tài khoản của họ (tức là tổng Giá trị Thế chấp của tất cả các tài sản) chỉ là $116,300. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy#von-chu-so-huu-equity) Vốn chủ sở hữu (Equity) #### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy#von-chu-so-huu-rong-net-equity) Vốn chủ sở hữu ròng (Net Equity) Vốn chủ sở hữu đại diện cho giá trị đã điều chỉnh theo rủi ro của tài khoản của bạn, có thể được sử dụng để duy trì các vị thế hợp đồng tương lai và vay mượn. Đây cũng được gọi là Số dư ký quỹ (Margin Balance). Vốn chủ sở hữu ròng được tính theo công thức sau = _**Tổng tài sản thế chấp tài khoản + Tổng lợi nhuận/lỗ chưa thực hiện (Unrealized PnL) + Số dư chưa thanh toán - Tổng nghĩa vụ vay mượn.**_ Bạn có thể tìm thấy tất cả các giá trị này và một bảng phân tích chi tiết về vốn chủ sở hữu tài khoản của mình trong [trang Statements.arrow-up-right](https://backpack.exchange/portfolio/balances/statements) #### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy#von-chu-so-huu-kha-dung-available-equity) Vốn chủ sở hữu khả dụng (Available Equity) Vốn chủ sở hữu khả dụng là vốn bạn có thể sử dụng để mở các vị thế hoặc đơn hàng mới. Nó được tính theo công thức: _**Vốn chủ sở hữu khả dụng = Vốn chủ sở hữu ròng - Vốn chủ sở hữu bị khóa (Equity Locked)**_, trong đó Vốn chủ sở hữu bị khóa đại diện cho ký quỹ đã bị khóa trong các vị thế và đơn hàng đang mở, làm tăng mức độ rủi ro. Để tối ưu hóa hiệu quả sử dụng vốn, lợi nhuận chưa thực hiện của bạn cũng được tính vào Vốn chủ sở hữu khả dụng. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy#ky-quy-margin) Ký quỹ (Margin) Ký quỹ tài khoản của bạn (hay còn gọi là Sức khỏe ký quỹ - Margin Health) có thể được đánh giá dựa trên hai chỉ số sau: **1)** Tỷ lệ Ký quỹ ban đầu (Initial Margin Rate - IMR): Chỉ số này cho thấy số vốn chủ sở hữu khả dụng còn lại để mở các vị thế mới. Khi IMR đạt 100%, bạn sẽ không thể mở thêm các vị thế mới làm tăng rủi ro. IMR = _**Total Initial Margin / Net Equity**_ Bạn có thể thấy số dư ký quỹ ban đầu (tức là số ký quỹ ban đầu đang được sử dụng cho tất cả các vị thế của bạn) trong phần Tổng quan Ký quỹ (Margin Overview) trên trang giao dịch khi di chuột qua tỷ lệ ký quỹ ban đầu. Theo nguyên tắc chung, Ký quỹ ban đầu cần thiết để mở một vị thế mới có thể được tính theo công thức sau: _**Ký quỹ ban đầu = Giá trị danh nghĩa vị thế / Đòn bẩy tài khoản tối đa**_ Ví dụ: nếu đòn bẩy tài khoản tối đa của bạn là 10x và bạn muốn mở một vị thế trị giá $10,000, ký quỹ ban đầu của bạn sẽ là $1,000. Tuy nhiên, cần lưu ý rằng cũng như với Giá trị Thế chấp, khi kích thước vị thế tăng, yêu cầu ký quỹ ban đầu cũng có thể tăng theo để điều chỉnh rủi ro. Ngoài ra, yêu cầu ký quỹ có thể khác nhau giữa các thị trường. Ví dụ, nếu tỷ lệ ký quỹ ban đầu (Initial Margin Fraction - IMF) cho một thị trường là 0.20, yêu cầu ký quỹ ban đầu sẽ là 20% của kích thước vị thế (bỏ qua các kích thước lớn), ngay cả khi đòn bẩy tài khoản tối đa là 10x. Để xem yêu cầu ký quỹ cho một thị trường cụ thể, hãy kiểm tra tab Margin trên trang giao dịch. Để xem số ký quỹ mà một vị thế mới yêu cầu trước khi gửi đơn hàng, bạn có thể thấy giá trị Margin Required khi đặt đơn hàng. Để xem số ký quỹ mà một vị thế hiện tại đang sử dụng, hãy xem cột Initial Margin trong tab Positions. **2) Tỷ lệ Ký quỹ duy trì (Maintenance Margin Rate - MMR)** - Chỉ số này cho thấy mức độ gần gũi của tài khoản bạn với việc bị thanh lý. Khi MMR đạt 100%, tài khoản của bạn sẽ bắt đầu bị thanh lý. MMR = _**Tổng Ký quỹ duy trì / Vốn chủ sở hữu ròng (Net Equity)**_ Theo nguyên tắc chung, tỷ lệ Ký quỹ duy trì ban đầu (Maintenance Margin Fraction - MMF) bắt đầu từ 5%. Tuy nhiên, tương tự như với Ký quỹ ban đầu, yêu cầu Ký quỹ duy trì có thể tăng lên tùy thuộc vào kích thước của vị thế và cũng có thể khác nhau giữa các thị trường. Để xem Ký quỹ duy trì của bạn (tức là tổng ký quỹ duy trì đang sử dụng cho tất cả các vị thế của bạn), di chuột qua tỷ lệ **Maintenance Margin** trong phần **Tổng quan Ký quỹ** (Margin Overview) trên trang giao dịch. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy#tai-khoan-phu) Tài khoản phụ Mô hình ký quỹ của Backpack được xây dựng xung quanh tài khoản phụ Mỗi tài khoản phụ đều ký quỹ chéo, đa tiền tệ, và có quyền truy cập vào tất cả các sản phẩm (giao ngay, hợp đồng tương lai, ký quỹ giao ngay, vay mượn, cho vay). Để minh họa sự đơn giản của mô hình này, nếu bạn nạp USDC và BTC, Vốn chủ sở hữu ròng (Net Equity) của bạn sẽ tăng lên và bạn có thể bắt đầu giao dịch tất cả các sản phẩm ngay lập tức mà không cần thực hiện thêm bất kỳ bước nào. Không cần phải chuyển tài sản giữa các ví để bắt đầu giao dịch. Hơn nữa, **các tài khoản phụ hoàn toàn tách biệt với nhau**. Điều này có nghĩa là bất kỳ khoản tiền nào trong một tài khoản phụ sẽ không bị lộ rủi ro với tài khoản phụ khác có thể bị thanh lý. Số dư và rủi ro được tách biệt hoàn toàn ở cấp độ tài khoản phụ, cho phép bạn thực hiện các chiến lược khác nhau và xác định số tài sản bạn muốn đặt vào rủi ro. Nếu bạn muốn giao dịch với Ký quỹ tách biệt (Isolated Margin), bạn có thể mở một vị thế trong một tài khoản phụ khác, tách biệt. Bạn có thể tạo tối đa 10 tài khoản phụ và chuyển tiền giữa chúng một cách dễ dàng. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcontent.gitbook.com%2Fcontent%2Fz5l5FqJQ2MHlKdEnWnET%2Fblobs%2FNWAzEdFcCkGCXkEBET15%2Fimage.png&width=768&dpr=4&quality=100&sign=46448ebd&sv=2) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy#don-bay) Đòn bẩy Đòn bẩy tối đa trên Backpack được thiết lập ở cấp độ tài khoản phụ. Bạn có thể chọn mức độ rủi ro mà bạn muốn chấp nhận cho một tài khoản phụ cụ thể bằng cách chỉnh sửa Đòn bẩy tài khoản tối đa (Max Account Leverage) trong tài khoản phụ đó. Khi bạn thay đổi Đòn bẩy tối đa, ký quỹ ban đầu được sử dụng cho các vị thế đang mở và các đơn hàng trong tương lai cũng sẽ thay đổi. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy#tai-san-the-chap-khong-phai-usd) Tài sản thế chấp không phải USD Các hợp đồng tương lai trên Backpack được thanh toán bằng USDC. Điều này bao gồm phí, khoản thanh toán tài trợ và lợi nhuận/lỗ (PnL). Nếu bạn có cả tài sản thế chấp bằng USDC và tài sản không phải USDC (ví dụ: BTC), hệ thống sẽ sử dụng số dư USDC của bạn để thanh toán các khoản này. Khi bạn không có đủ USDC nhưng lại có các tài sản thế chấp khác như BTC, hệ thống sẽ tự động tạo một khoản vay USDC để thanh toán các khoản thanh toán thay vì bán tài sản thế chấp. Ví dụ, nếu người dùng cần thanh toán 1 USDC phí để mở một vị thế, hệ thống sẽ tạo ra một khoản vay 1 USDC thay vì thanh lý bất kỳ BTC nào. Trong trường hợp tỷ lệ sử dụng thị trường cho vay USDC vượt quá ngưỡng giới hạn hoặc nếu bạn bị thanh lý trong khi sử dụng tài sản không phải USDC làm tài sản thế chấp, tài sản thế chấp của bạn sẽ được chuyển đổi để thanh toán các khoản thanh toán. Những chuyển đổi này sẽ xuất hiện trong phần Chuyển đổi đối chiếu (Reconciliation Conversions) trên [tab Settlementsarrow-up-right](https://backpack.exchange/portfolio/settlements/reconciliation-conversions) . [PreviousTradingchevron-left](https://support.backpack.exchange/technical-docs/vn/trading) [NextKý quỹ giao ngay (Spot Margin)chevron-right](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin) Last updated 9 months ago * [Tài sản thế chấp](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy#tai-san-the-chap) * [Vốn chủ sở hữu (Equity)](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy#von-chu-so-huu-equity) * [Ký quỹ (Margin)](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy#ky-quy-margin) * [Tài khoản phụ](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy#tai-khoan-phu) * [Đòn bẩy](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy#don-bay) * [Tài sản thế chấp không phải USD](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy#tai-san-the-chap-khong-phai-usd) --- # Vay & Cho vay | Technical Docs Tài liệu Backpack | Backpack Exchange * ​[Cho vay​](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/cho-vay) * ​[Vay mượn​](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/vay-muon) * [Tỷ lệ sử dụng và Lãi suất​arrow-up-right](https://app.gitbook.com/o/1pzK7I96ua1kPK2SCiPg/s/3kiM6CAFBZoTCJcZ8X7k/borrow-and-lend/utilization-and-interest-rates) * [Thanh lý​arrow-up-right](https://app.gitbook.com/o/1pzK7I96ua1kPK2SCiPg/s/z5l5FqJQ2MHlKdEnWnET/~/changes/3/vay-and-cho-vay/risks) * * * Backpack cung cấp một thị trường tiền tệ omnichain, nơi người dùng có thể cho vay và vay mượn nhiều loại tài sản. Người dùng có thể nạp tiền từ bất kỳ chuỗi nào để cho vay vào hồ cho vay chung, hoặc vay mượn chống lại tài sản thế chấp của họ và rút tiền về bất kỳ mạng lưới hỗ trợ nào - tất cả đều không cần phải sử dụng cầu nối (bridging). Thị trường tiền tệ omnichain này là một thành phần cốt lõi trong hệ thống ký quỹ của Backpack, cho phép người dùng giao dịch với mức hiệu quả sử dụng vốn cao nhất. Người cho vay có thể kiếm được lợi nhuận từ tài sản của mình bằng cách cung cấp thanh khoản vào hồ cho vay, tài sản này có thể được vay mượn bởi các người dùng khác với các mục đích sau: 1. Giao dịch ký quỹ giao ngay 2. Thanh toán USDC cho giao dịch hợp đồng tương lai vĩnh viễn 3. Rút tiền khỏi sàn giao dịch Khác với hầu hết các sàn giao dịch tập trung, lãi suất trên Backpack được xác định bởi một mô hình Tỷ lệ sử dụng minh bạch, mà người dùng có thể xem bất kỳ lúc nào trên trang Lend. Tỷ lệ sử dụng đại diện cho tỷ lệ tài sản đã cho vay hiện đang bị vay mượn trong một thị trường cụ thể. Tỷ lệ sử dụng cao hơn cho thấy nhu cầu vay mượn mạnh mẽ hơn, dẫn đến lãi suất cao hơn. Lãi suất được tính và trả hàng giờ. Để bảo vệ người cho vay, tất cả các khoản vay đều phải tuân thủ yêu cầu ký quỹ và hệ thống thanh lý theo thời gian thực của Backpack. Điều này có nghĩa là không người dùng nào có thể vay mượn mà không đáp ứng đủ yêu cầu tài sản thế chấp, và nếu tỷ lệ ký quỹ của họ giảm xuống dưới mức cần thiết, Backpack sẽ ngay lập tức bắt đầu thanh lý vị thế của họ. [PreviousPhíchevron-left](https://support.backpack.exchange/technical-docs/vn/trading/phi) [NextCho vaychevron-right](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/cho-vay) Last updated 9 months ago --- # Cho vay | Technical Docs Tài liệu Backpack | Backpack Exchange Bạn có thể bắt đầu cho vay trên Backpack theo hai cách. [hashtag](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/cho-vay#phuong-phap-1-cho-vay-thu-cong-manual-lend) Phương pháp #1 - Cho vay thủ công (Manual Lend) -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Cho vay tài sản của bạn một cách thủ công thông qua trang **Lend** hoặc cửa sổ **Lend modal**. Lãi suất sinh ra từ các khoản cho vay của bạn sẽ tự động được cộng vào số dư của bạn và được ghép lãi (compounded). [hashtag](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/cho-vay#phuong-phap-2-cho-vay-tu-dong-auto-lend) Phương pháp #2 - Cho vay tự động (Auto Lend) -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Auto Lend là một cài đặt tài khoản phụ tự động cho vay tất cả tài sản có sẵn trong tài khoản phụ vào hồ cho vay. Khi chế độ Auto Lend được bật, bạn có thể bắt đầu cho vay một cách dễ dàng bằng cách nạp tài sản vào tài khoản phụ hoặc mua tài sản đủ điều kiện cho vay. [hashtag](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/cho-vay#rut-tai-san) Rút tài sản ------------------------------------------------------------------------------------------------------------------- Để mang lại trải nghiệm người dùng mượt mà và linh hoạt nhất, tất cả các khoản cho vay sẽ được rút tự động tối đa có thể (xem lưu ý dưới đây), bất kể Auto Lend có được bật hay tắt. Bạn có thể rút tài sản của mình theo các cách sau: 1. **Giao dịch Giao ngay (Spot Trading)** - Các khoản cho vay sẽ tự động được rút để bao phủ bất kỳ giao dịch giao ngay nào. Ví dụ, nếu bạn đang cho vay USDC và muốn mua BTC, USDC của bạn sẽ được rút tự động từ hồ cho vay để bao phủ giao dịch này. 2. **Rút tiền (Withdrawing)** - Bạn cũng có thể rút tài sản cho vay mà không cần phải tự rút chúng. Tại thời điểm rút tiền, Backpack sẽ rút các khoản cho vay từ hồ cho vay và xử lý lệnh rút tiền. 3. **Rút thủ công (Manual Redeem)** - Nếu bạn không muốn tiếp tục cho vay nhưng không cần phải giao dịch hoặc rút tiền, bạn có thể rút tài sản thủ công từ trang Lend hoặc cửa sổ Lend modal (chỉ khi Auto Lend không được bật). **Lưu ý quan trọng**: Bạn có thể rút các khoản cho vay miễn là tỷ lệ sử dụng của tài sản đó cho phép. Để ngăn tỷ lệ sử dụng đạt 100%, Backpack thực hiện một ngưỡng điều chỉnh (throttling threshold), trong đó không thể rút các khoản cho vay và không thể vay thêm cho đến khi tỷ lệ sử dụng giảm xuống dưới ngưỡng này (thông qua việc cho vay thêm hoặc người khác trả nợ). Chi tiết về điều này sẽ được giải thích thêm dưới đây. [PreviousVay & Cho vaychevron-left](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay) [NextVay Mượnchevron-right](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/vay-muon) Last updated 9 months ago * [Phương pháp #1 - Cho vay thủ công (Manual Lend)](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/cho-vay#phuong-phap-1-cho-vay-thu-cong-manual-lend) * [Phương pháp #2 - Cho vay tự động (Auto Lend)](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/cho-vay#phuong-phap-2-cho-vay-tu-dong-auto-lend) * [Rút tài sản](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/cho-vay#rut-tai-san) --- # Vay Mượn | Technical Docs Tài liệu Backpack | Backpack Exchange Backpack cung cấp khả năng cho bạn vay tài sản cho nhiều mục đích sử dụng, chẳng hạn như giao dịch ký quỹ giao ngay (spot margin trading). Tài sản vay sẽ được chuyển vào số dư khả dụng của bạn, và có thể được sử dụng để đặt lệnh hoặc rút tiền miễn là các yêu cầu ký quỹ được đáp ứng. Khác với hầu hết các giao thức/sản phẩm Vay & Cho vay, bạn không cần phải cung cấp tài sản vào hồ cho vay trước khi có thể vay trên Backpack. Chỉ cần có Vốn chủ sở hữu khả dụng (Available Equity) trong tài khoản phụ, người dùng có thể bắt đầu vay mượn. Dưới đây là ba cách khác nhau để vay mượn trên Backpack: ### [hashtag](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/vay-muon#method-1-manual-borrow) Phương pháp #1 - Vay thủ công (Manual Borrow) Bạn có thể vay mượn thủ công qua tab Borrow trên trang Lend. Lưu ý rằng cài đặt Auto Lend tự động trả tất cả các khoản vay trong tài khoản phụ. Vì vậy, **vay thủ công sẽ bị vô hiệu hóa** khi Auto Lend được bật, vì các khoản vay thủ công sẽ ngay lập tức được trả lại. Khi Auto Lend bật, các khoản vay chỉ có thể thực hiện qua Ký quỹ Giao ngay (Spot Margin) hoặc Rút tiền ký quỹ. ### [hashtag](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/vay-muon#method-2-spot-margin) Phương pháp #2 - Ký quỹ Giao ngay (Spot Margin) Bạn có thể tự động vay mượn qua ký quỹ giao ngay bằng cách chọn ô Margin trên giao diện nhập lệnh và chi tiêu nhiều hơn số tài sản bạn có hoặc bán tài sản bạn không sở hữu. Ví dụ, nếu bạn có USDC và muốn bán khống ETH, bạn chỉ cần bật Margin và bán ETH. Điều này sẽ kích hoạt một khoản vay cho bạn, loại bỏ việc phải thực hiện vay mượn thủ công trước khi giao dịch. ### [hashtag](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/vay-muon#method-3-margin-withdrawal) Phương pháp #3 - Rút tiền Ký quỹ (Margin Withdrawal) Tương tự, bạn có thể vay mượn chống lại tài sản thế chấp khi rút một tài sản bạn hiện không sở hữu bằng cách chọn ô Margin trong cửa sổ rút tiền. Số tiền rút tối đa có thể vay sẽ được xác định bởi Vốn chủ sở hữu khả dụng hiện tại của bạn. ### [hashtag](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/vay-muon#repayment) Thanh toán khoản vay Các khoản vay có thể được trả lại theo các cách sau: #### [hashtag](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/vay-muon#manual-repayment) Thanh toán thủ công Nếu bạn sở hữu tài sản mà bạn nợ, bạn có thể trả lại thủ công qua tab Borrow trên trang giao dịch bằng cách nhấn Repay, hoặc qua tab Repay trên trang Lend. Như đã giải thích trước đó, nếu Auto Lend được bật, bạn sẽ không thể thực hiện thanh toán thủ công vì các khoản vay sẽ được trả lại tự động nếu có số dư khả dụng để làm điều đó. #### [hashtag](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/vay-muon#spot-margin) Ký quỹ Giao ngay Tiền thu được từ giao dịch ký quỹ giao ngay có thể được sử dụng để trả các khoản vay. Ví dụ, nếu bạn nợ 1 SOL, khi bạn mua 1 SOL với Margin được bật trong giao dịch, SOL đó sẽ tự động được sử dụng để trả nợ. #### [hashtag](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/vay-muon#depositing) Nạp tiền Khi Auto Lend được bật, tất cả các khoản vay sẽ được trả lại tự động ngay khi có số dư khả dụng trong tài khoản. Điều này có nghĩa là nếu bạn nợ 1 SOL, bạn chỉ cần nạp 1 SOL vào tài khoản phụ và nợ sẽ được trả tự động. [PreviousCho vaychevron-left](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/cho-vay) [NextTỷ lệ sử dụng và Lãi suấtchevron-right](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/ty-le-su-dung-va-lai-suat) Last updated 9 months ago * [Phương pháp #1 - Vay thủ công (Manual Borrow)](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/vay-muon#method-1-manual-borrow) * [Phương pháp #2 - Ký quỹ Giao ngay (Spot Margin)](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/vay-muon#method-2-spot-margin) * [Phương pháp #3 - Rút tiền Ký quỹ (Margin Withdrawal)](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/vay-muon#method-3-margin-withdrawal) * [Thanh toán khoản vay](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/vay-muon#repayment) --- # Các Rủi Ro | Technical Docs Tài liệu Backpack | Backpack Exchange [hashtag](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/cac-rui-ro#mac-dinh-cua-nguoi-vay) Mặc định của người vay -------------------------------------------------------------------------------------------------------------------------------------------- Backpack có một mô hình thanh lý theo tầng giúp ngăn ngừa tài khoản của bạn bị phá sản. Đầu tiên, hệ thống sẽ cố gắng thanh lý các vị thế qua sổ lệnh. Nếu các vị thế quá lớn hoặc nếu tỷ lệ ký quỹ của người dùng giảm xuống dưới ngưỡng auto-close, thanh lý sẽ được thực hiện đối với Nhà cung cấp thanh khoản Backstop. Trong trường hợp cực đoan khi giá giảm quá nhanh và hệ thống không thể thanh lý vị thế của người vay kịp thời, Backpack sử dụng cơ chế Auto-Deleveraging (ADL) để đảm bảo rằng người cho vay nhận được giá trị tài sản cho vay của họ dưới dạng giá trị danh nghĩa. Để minh họa điều này: 1. Giả sử một người vay đang vay 1 BTC từ một người cho vay. 2. Người vay không sở hữu BTC trong tài khoản của họ. Họ đã rút nó hoặc đổi thành tài sản khác. 3. Tài khoản của người vay bị phá sản. BTC đang giao dịch ở mức $100,000. 4. Người cho vay vẫn kỳ vọng nhận được số tiền của họ. Trong trường hợp cực đoan này, hệ thống thanh lý sẽ thanh lý tài sản của người vay và trả cho người cho vay $100,000 dưới dạng giá trị danh nghĩa, thay vì 1 BTC. Kết luận, hệ thống thanh lý của Backpack có các mức thanh khoản Backstop để duy trì sự ổn định trên thị trường và bảo vệ người cho vay. Trong những trường hợp cực đoan, nhiệm vụ chính của hệ thống ký quỹ là đảm bảo rằng người cho vay nhận lại giá trị họ đã cho vay, dưới dạng tài sản thực tế hoặc dưới dạng giá trị USD danh nghĩa tại thời điểm thanh lý. [hashtag](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/cac-rui-ro#ty-le-su-dung-100) Tỷ lệ sử dụng 100% ----------------------------------------------------------------------------------------------------------------------------------- Khi một thị trường đạt tỷ lệ sử dụng 100%, tài sản cho vay không thể được rút. Điều này tạo ra rủi ro tiềm ẩn vì Backpack cho phép tài sản cho vay được sử dụng làm tài sản thế chấp. Nếu người dùng có tài sản cho vay bị thanh lý, nhưng tài sản của họ không thể được rút do tỷ lệ sử dụng đạt 100%, Backpack sẽ sử dụng cơ chế Auto-Deleveraging (ADL). Quá trình ADL hoạt động như sau: 1. Người dùng với tài sản cho vay làm tài sản thế chấp bị thanh lý do các vị thế thua lỗ. 2. Tỷ lệ sử dụng của thị trường đạt 100%, ngừng việc rút tài sản cho vay. 3. Hệ thống thanh lý được kích hoạt nhưng không thể rút tài sản của người cho vay. 4. Hệ thống sẽ ghép người cho vay với những người vay có tài sản thế chấp sẵn có (mỗi khoản vay đều có tài sản thế chấp). 5. Một số tiền dưới dạng USDC danh nghĩa không lớn hơn kích thước của khoản vay ban đầu sẽ được chuyển từ người vay sang tài khoản của người cho vay để thanh lý. 6. Khoản vay giờ đây được đóng. Người cho vay đã được thanh lý thành công. Tài sản thế chấp của người vay có thể đã được chuyển đổi thành tài sản khác so với tài sản vay ban đầu, nhưng giá trị tài khoản của họ vẫn không thay đổi. [PreviousTỷ lệ sử dụng và Lãi suấtchevron-left](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/ty-le-su-dung-va-lai-suat) Last updated 9 months ago * [Mặc định của người vay](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/cac-rui-ro#mac-dinh-cua-nguoi-vay) * [Tỷ lệ sử dụng 100%](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay/cac-rui-ro#ty-le-su-dung-100) --- # Добро пожаловать | Technical Docs Техническая документация | Backpack Exchange [Backpack Exchangearrow-up-right](https://backpack.exchange/) полностью регулируемая глобальная криптовалютная биржа, создающая инновационную, удобную и соответствующую требованиям нормативного регулирования торговую платформу. Основанный на надежной системе управления рисками в реальном времени, движок Backpack автоматически агрегирует все активы пользователя в единую систему с кросс-маржированием, одновременно активируя функцию автоленда. Это позволяет трейдерам любого масштаба использовать продвинутые торговые инструменты, которые на других платформах обычно доступны только институциональным участникам. * **150+ Стран** * **500M+ Транзакций проведено** * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru#zarabotok-na-vsem) Заработок на всем #### [hashtag](https://support.backpack.exchange/technical-docs/ru#arkhitektura-avto-lendinga) Архитектура Авто-лендинга Если вы включаете Auto Lend, все ваши депонированные активы автоматически направляются в лендинговый пул, по умолчанию принося доход. Эти активы остаются полностью допустимыми в качестве маржи, устраняя необходимость управлять отдельными “доходными” счетами. #### [hashtag](https://support.backpack.exchange/technical-docs/ru#dokhod-na-nerealizovannuyu-pribyl) Доход на нереализованную прибыль Даже нереализованный PnL по открытым позициям учитывается как часть общего обеспечения, продолжая генерировать доход до момента закрытия позиции. **Дополнительная доходность от стейбл-коинов** Предоставляйте в лендинг USD и получайте дополнительный годовой доход поверх основной ставки, если размещаете допустимые стейблкоины. Этот прирост формируется за счет доходности казначейства, обеспеченной через отобранную корзину стейблкоинов. Выплаты производятся ежемесячно, в соответствии с графиком распределения доходности казначейства. #### [hashtag](https://support.backpack.exchange/technical-docs/ru#id-7bfd2f6f-262b-4c7a-95ca-26a6b98e605e) Дополнительные награды за лендинг SOL Ваш размещённый SOL также начинает приносить доход от нативного стейкинга SOL. Биржа Backpack стейкает собственные резервы SOL и полностью распределяет полученную стейкинг-доходность между всеми лендерами. Ваш SOL остается маржинально-допустимым, одновременно принося пассивный доход от стейкинга. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru#obespechenie-za-schyot-razmeshyonnykh-v-lending-aktivov) Обеспечение за счёт размещённых в лендинг активов Все активы, переданные в лендинг, могут использоваться в качестве маржи для открытия новых сделок, что значительно повышает эффективность использования капитала. Доходная система Backpack глубоко интегрирована в основной риск-движок биржи, что позволяет сохранять полную обеспечительную стоимость активов при одновременном начислении процентов. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru#effektivnost-na-kapital-dlya-vsekh) Эффективность на капитал для всех #### [hashtag](https://support.backpack.exchange/technical-docs/ru#institucionalnye-instrumenty-s-dostupnostyu-dlya-reteil-yuzerov-risk-dvizhok-backpack-kross-marzha-i) **Институциональные инструменты с доступностью для ретейл-юзеров** Риск-движок Backpack, кросс-маржа и авто-лендинг разработаны таким образом, чтобы предоставить каждому пользователю уровень эффективности капитала, который обычно доступен только в рамках VIP-уровней на других биржах. **Без ограничений и барьеров** Пользователи с низким уровнем не сталкиваются с завышенными маржинальными требованиями и не ограничены в доступе к продвинутым продуктам. Мы придерживаемся инклюзивного подхода, обеспечивая равные условия для всех участников. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru#gibkost-raschetov) Гибкость расчетов **Непрерывная реализация прибыли** Если вы включаете функцию Auto Realize PnL, расчетный движок позволяет частично фиксировать прибыль в режиме реального времени, корректируя или закрепляя доход без необходимости полностью закрывать позицию. **Адаптивная настройка стратегий** Механизм непрерывных расчетов особенно полезен при хеджировании, высокочастотном арбитраже или реализации сложных многоступенчатых стратегий. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru#konkurentnye-komissii) Конкурентные комиссии **На уровне ведущих бирж** Комиссионная структура Backpack сопоставима с самыми эффективными по издержкам платформами на рынке. * * * Мы создали эту систему с нуля, чтобы реализовать то, что называем **Interest Bearing Perps** — механизм, объединяющий бессрочную торговлю с рынком заимствования и лендинга, позволяющий вашему обеспечению работать на полную мощность. Есть 30 секунд? Ознакомьтесь с кратким обзором Interest Bearing Perps: [NextПроцесс регистрацииchevron-right](https://support.backpack.exchange/technical-docs/ru/process-registracii) Last updated 1 month ago * [Заработок на всем](https://support.backpack.exchange/technical-docs/ru#zarabotok-na-vsem) * [Обеспечение за счёт размещённых в лендинг активов](https://support.backpack.exchange/technical-docs/ru#obespechenie-za-schyot-razmeshyonnykh-v-lending-aktivov) * [Эффективность на капитал для всех](https://support.backpack.exchange/technical-docs/ru#effektivnost-na-kapital-dlya-vsekh) * [Гибкость расчетов](https://support.backpack.exchange/technical-docs/ru#gibkost-raschetov) * [Конкурентные комиссии](https://support.backpack.exchange/technical-docs/ru#konkurentnye-komissii) --- # Bienvenida | Technical Docs Documentación de Soporte | Backpack Exchange [Backpack Exchangearrow-up-right](https://backpack.exchange/) es un exchange global de criptomonedas completamente regulado que está construyendo una plataforma de trading innovadora, fácil de usar y conforme a las regulaciones. Construido sobre un sólido sistema de gestión de riesgo en tiempo real, el motor de Backpack agrega automáticamente todos los activos del usuario en un único entorno de margen cruzado, mientras habilita simultáneamente el préstamo automático (Auto Lending). Esto permite que traders de todos los niveles accedan a herramientas avanzadas que normalmente están reservadas para participantes institucionales en otras plataformas. * **150+ Países** * **500M+ en** **Transacciones Completadas** * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es#rendimiento-en-todo) Rendimiento en Todo **Arquitectura de Préstamos Automáticos (Auto Lending)** Si eliges activar Auto Lend, todos los activos que deposites se ingresan automáticamente en nuestro pool de préstamos, generando rendimiento por defecto. Estos activos siguen siendo totalmente elegibles como margen, eliminando la fricción de tener que gestionar cuentas separadas de tipo “earn”. **Rendimiento sobre Ganancias No Realizadas** Incluso el PnL no realizado de tus posiciones se considera parte de tu colateral total, lo que permite que siga generando rendimiento hasta que la posición sea cerrada. **Rendimiento Adicional con Stablecoins** Presta USD y acumula un **APY adicional** sobre la tasa de préstamo al prestar stablecoins elegibles. Este aumento proviene de la exposición al rendimiento del Tesoro de Stablecoins a través de una canasta de stablecoins seleccionadas. Las distribuciones se pagan mensualmente, de acuerdo con la forma en que se entrega el rendimiento del tesoro. **Gana Recompensas Lending Adicionales en SOL** Tu SOL prestado ahora gana adicionalmente el rendimiento nativo de staking de SOL. Backpack Exchange hace staking de sus propias reservas de SOL y proporciona todo el rendimiento de staking a todos los prestamistas. Tu SOL no solo es elegible para margen, sino que también te permite beneficiarte pasivamente de las recompensas de staking. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es#colateralizacion-de-activos-prestados) Colateralización de Activos Prestados Cualquier activo que prestes puede ser utilizado como margen para nuevas operaciones, mejorando aún más la eficiencia de tu capital. El sistema de rendimiento de Backpack está profundamente integrado en el motor central de riesgos del exchange para garantizar que conserves el valor total de tu colateral mientras generas intereses. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es#eficiencia-de-capital-para-todos) Eficiencia de Capital para Todos #### [hashtag](https://support.backpack.exchange/technical-docs/es#herramientas-de-nivel-institucional-acceso-minorista) Herramientas de Nivel Institucional, Acceso Minorista El motor de riesgos de Backpack, el margen cruzado y el Auto Lending están diseñados para ofrecer a todos los usuarios el mismo nivel de eficiencia de capital que usualmente está reservado para niveles VIP en otros exchanges. #### [hashtag](https://support.backpack.exchange/technical-docs/es#sin-barreras-de-entrada) Sin Barreras de Entrada Los usuarios de niveles inferiores no están sujetos a requisitos de margen punitivo ni tienen acceso restringido a productos avanzados. Nos enfocamos en un diseño inclusivo que nivela el campo de juego. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es#flexibilidad-en-la-liquidacion) Flexibilidad en la Liquidación #### [hashtag](https://support.backpack.exchange/technical-docs/es#realizacion-continua) Realización Continua Si decides activar la Realización Automática de PnL, nuestro motor de liquidación te permite realizar parcialmente el PnL de forma continua, ajustando o asegurando ganancias sin necesidad de cerrar completamente la posición. #### [hashtag](https://support.backpack.exchange/technical-docs/es#personalizacion-adaptativa-de-estrategias) **Personalización Adaptativa de Estrategias** Este mecanismo de liquidación continua es especialmente útil para coberturas, arbitraje de alta frecuencia o estrategias complejas multi componente. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es#comisiones-competitivas) Comisiones Competitivas #### [hashtag](https://support.backpack.exchange/technical-docs/es#alineadas-con-los-los-principales-exchanges) Alineadas con los los principales Exchanges La estructura de comisiones de Backpack es comparable a las plataformas más eficientes en costos del mercado. * * * Construimos este sistema desde cero para crear lo que llamamos Perps con Interés (Interest Bearing Perps): un sistema que combina el trading perpetuo con un mercado de préstamos, para que tu colateral trabaje a tu favor las 24 horas. ¿Tienes 30 segundos? Échale un vistazo a nuestra breve guía de Perps con Interés: [NextOnboardingchevron-right](https://support.backpack.exchange/technical-docs/es/onboarding) Last updated 1 month ago * [Rendimiento en Todo](https://support.backpack.exchange/technical-docs/es#rendimiento-en-todo) * [Colateralización de Activos Prestados](https://support.backpack.exchange/technical-docs/es#colateralizacion-de-activos-prestados) * [Eficiencia de Capital para Todos](https://support.backpack.exchange/technical-docs/es#eficiencia-de-capital-para-todos) * [Flexibilidad en la Liquidación](https://support.backpack.exchange/technical-docs/es#flexibilidad-en-la-liquidacion) * [Comisiones Competitivas](https://support.backpack.exchange/technical-docs/es#comisiones-competitivas) --- # Процесс регистрации | Technical Docs Техническая документация | Backpack Exchange Чтобы начать торговать на Backpack Exchange, вам необходимо: – создать аккаунт, – пройти процедуру верификации личности, – пополнить баланс (через фиатный онрамп или криптовалютный депозит). * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/process-registracii#sozdanie-akkaunta-i-prokhozhdenie-procedury-kyc) Создание аккаунта и прохождение процедуры KYC Зайдите на [backpack.exchangearrow-up-right](https://backpack.exchange/) и зарегистрируйте новый аккаунт. После подтверждения электронной почты пройдите процедуру идентификации личности (KYC — Know Your Customer). Посмотрите подробные инструкции ниже : * [Верефикация персонального аккаунтаarrow-up-right](https://support.backpack.exchange/articles/verify-individual-account-identity-backpack-exchange) * [Верефикация корпоративного аккаунтаarrow-up-right](https://support.backpack.exchange/articles/verify-institutional-and-business-account-identity) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/process-registracii#popolnite-akkaunt-fiatom-ili-kriptovalyutoi) Пополните аккаунт фиатом или криптовалютой После прохождения процедуры KYC вы можете пополнить кошелек с помощью фиатного онрампа (банковский перевод, кредитная/дебетовая карта) или путем прямого криптовалютного депозита. Оба варианта доступны в меню **Deposit**. * [Как совершить депозит используя Backpack Walletarrow-up-right](https://support.backpack.exchange/articles/deposit-crypto-on-backpack-exchange-wallet-via-backpack-wallet-browser) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/process-registracii#nachnite-torgovat-na-backpack-exchange) Начните торговать на Backpack Exchange Пользователям Backpack доступны следующие продукты: спот-торговля, маржинальный спот, бессрочные фьючерсы и Safe. Подробные инструкции и дополнительную информацию о каждом продукте вы можете найти в [центре поддержки Backpackarrow-up-right](https://support.backpack.exchange/) . * Свяжитесь с поддержкой в [Discordarrow-up-right](https://discord.gg/backpack) или написав нам на почту: [\[email protected\]envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#e3909693938c9197a38182808893828088cd869b808b828d8486) [PreviousДобро пожаловатьchevron-left](https://support.backpack.exchange/technical-docs/ru) [NextТорговляchevron-right](https://support.backpack.exchange/technical-docs/ru/torgovlya) Last updated 6 months ago * [Создание аккаунта и прохождение процедуры KYC](https://support.backpack.exchange/technical-docs/ru/process-registracii#sozdanie-akkaunta-i-prokhozhdenie-procedury-kyc) * [Пополните аккаунт фиатом или криптовалютой](https://support.backpack.exchange/technical-docs/ru/process-registracii#popolnite-akkaunt-fiatom-ili-kriptovalyutoi) * [Начните торговать на Backpack Exchange](https://support.backpack.exchange/technical-docs/ru/process-registracii#nachnite-torgovat-na-backpack-exchange) --- # Ký quỹ giao ngay (Spot Margin) | Technical Docs Tài liệu Backpack | Backpack Exchange Backpack cung cấp một sản phẩm giao dịch Ký quỹ giao ngay (Spot Margin) cho phép bạn mở các vị thế long hoặc short trên các tài sản giao ngay vượt qua số dư hiện tại trong ví của bạn. Hệ thống này sử dụng công cụ thanh lý theo thời gian thực và thị trường cho vay & vay mượn minh bạch của Backpack để hỗ trợ giao dịch giao ngay hiệu quả về vốn. Tất cả các vị thế ký quỹ giao ngay trên Backpack đều tham gia vào cùng một hồ cho vay và phải tuân thủ các yêu cầu ký quỹ và quy trình thanh lý giống như hệ thống cho vay & vay mượn chung. Điều này đảm bảo rằng: * Bạn có thể tự động vay tài sản cần thiết để hoàn thành giao dịch giao ngay. * Người vay luôn được đảm bảo đủ tài sản thế chấp, và nền tảng sẽ thanh lý các vị thế nếu cần. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#kich-hoat-ky-quy-giao-ngay) Kích hoạt Ký quỹ giao ngay Trước khi thực hiện giao dịch ký quỹ, bạn cần đảm bảo rằng Giao dịch Ký quỹ đã được kích hoạt trong cài đặt tài khoản phụ của bạn. Khi Auto Lend được bật, bạn có thể vay qua các giao dịch ký quỹ giao ngay mà không cần tạo các khoản vay thủ công – Backpack tự động vay thay bạn mỗi khi bạn giao dịch vượt quá số dư giao ngay của mình. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#giao-dich-ky-quy) Giao dịch Ký quỹ Ký quỹ giao ngay cho phép bạn mua hoặc bán tài sản với số lượng vượt qua số dư có sẵn của bạn, tự động tạo một khoản vay cho phần thiếu hụt (hoặc rút tài sản đã vay nếu bạn muốn chuyển ra ngoài sàn). #### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#vi-du) Ví dụ: 1. Kích hoạt Ký quỹ trong mẫu đơn đặt hàng. 2. Đặt lệnh Mua hoặc Bán cho tài sản mong muốn trong thị trường giao ngay. 3. Nếu bạn bán nhiều hơn số lượng bạn sở hữu (bán khống) hoặc mua nhiều hơn số dư có thể, hệ thống sẽ vay thay bạn. _Ví dụ:_ * Bạn có 1,000 USDC nhưng muốn mua 2,000 USDC trị giá SOL. * Bằng cách chọn ô “Margin”, Backpack tự động vay thêm 1,000 USDC và hoàn tất giao dịch giao ngay của bạn. * Bây giờ, bạn có một vị thế long SOL được tài trợ bởi một khoản vay một phần. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#thanh-toan-giao-dich-ky-quy) Thanh toán giao dịch Ký quỹ Khi bạn nợ một tài sản do vay ký quỹ giao ngay, bạn có thể thanh toán theo các cách sau: 1. **Thanh toán tự động với Auto Lend** * Nếu Auto Lend được bật, bất kỳ tài sản phù hợp nào bạn có trong tài khoản phụ của mình (thông qua nạp tiền, giao dịch hoặc chuyển đổi) sẽ tự động được sử dụng để thanh toán nợ. 1. **Ký quỹ giao ngay** * Đơn giản là mua lại tài sản bạn nợ. Ví dụ, nếu bạn đang bán khống 10 SOL, việc đặt lệnh Mua có ký quỹ cho 10 SOL sẽ tự động thanh toán nợ SOL của bạn. 1. **Thanh toán thủ công** * Nếu Auto Lend bị tắt, hãy vào tab Borrow (hoặc cửa sổ Borrow) và nhấn Repay. Bất kỳ tài sản nào bạn đang sở hữu và phù hợp với tài sản đã vay đều có thể được sử dụng để thanh toán. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#yeu-cau-ky-quy-and-tai-san-the-chap) Yêu cầu Ký quỹ & Tài sản thế chấp Ký quỹ giao ngay trên Backpack sử dụng cùng một hệ thống ký quỹ chéo như phần còn lại của sàn giao dịch, có nghĩa là: * Tài sản thế chấp được tính từ tất cả tài sản trong tài khoản phụ của bạn, mỗi tài sản có một "tỷ lệ chiết khấu" (collateral weight) riêng. * Ký quỹ duy trì (Maintenance Margin) được theo dõi theo thời gian thực. Nếu tỷ lệ ký quỹ (tài sản thế chấp so với các vị thế mở) giảm dưới ngưỡng yêu cầu, thanh lý sẽ được kích hoạt. ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#diem-chinh) Điểm chính 1. **Ký quỹ ban đầu (Initial Margin)**: Tài sản thế chấp bạn cần để mở một vị thế. 2. **Ký quỹ duy trì (Maintenance Margin):** Tài sản thế chấp bạn cần để giữ vị thế mở mà không bị thanh lý. 3. **Kích thước vị thế (Position Size)**: Đối với ký quỹ giao ngay, số dư bán khống hoặc mua thừa của bạn được tính vào tổng mức độ rủi ro của bạn. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#tai-sao-ban-khong-the-su-dung-toan-bo-don-bay) Tại sao bạn không thể sử dụng toàn bộ đòn bẩy Kích thước vị thế tối đa của bạn phụ thuộc vào: * Tỷ lệ chiết khấu tài sản thế chấp (collateral haircuts) (một số tài sản có tỷ lệ chiết khấu cao hơn do biến động giá cao). * Thanh khoản của hồ cho vay (borrow pool liquidity) (phải có đủ nguồn cung để bạn vay). * Vốn chủ sở hữu khả dụng trong tài khoản phụ (Available Equity). Điều này có nghĩa là không đơn giản chỉ là tính toán theo công thức “số dư × đòn bẩy tối đa”. **Ví dụ:** Giả sử bạn có 100 USDC trong tài khoản phụ và hệ thống cho phép đòn bẩy tối đa 10x. Lý thuyết, bạn có thể nghĩ rằng mình có thể mua $1,000 SOL. * USDC được xem là tài sản thế chấp chất lượng cao (tỷ lệ chiết khấu thấp). * SOL có thể có tỷ lệ chiết khấu thấp hơn (do biến động cao). * Khi bạn giao dịch USDC để lấy SOL, thành phần tài sản thế chấp của bạn sẽ thay đổi từ “tài sản thế chấp tốt” sang “tài sản thế chấp rủi ro”. Vì vậy, công cụ ký quỹ có thể giới hạn vị thế cuối cùng của bạn, ví dụ là $800 SOL, đảm bảo bạn có đủ tài sản ổn định để bù đắp sự biến động tiềm tàng trong giá SOL. For further details, refer to the Margin section. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#ty-le-su-dung-and-lai-suat) Tỷ lệ sử dụng & Lãi suất Vay ký quỹ giao ngay dựa trên cùng một hệ thống cho vay & vay mượn như vay thủ công. Điều này có nghĩa là: * **Tỷ lệ sử dụng (Utilization Rate)** = **Tổng số đã vay / Tổng số đã cho vay**. * **Tỷ lệ vay (Borrow Rate)**: Được xác định bởi **Đường cong sử dụng (Utilization Curve)** của thị trường. Tỷ lệ sử dụng cao có nghĩa là chi phí vay cao. * **Tỷ lệ cho vay (Lend Rate)**: Bằng **Tỷ lệ vay × Tỷ lệ sử dụng**. Người cho vay kiếm được nhiều lợi nhuận hơn khi tỷ lệ sử dụng của hồ cho vay tăng lên. Vì ký quỹ giao ngay sử dụng cùng một hồ cho vay, khoản vay của bạn sẽ chịu các lãi suất theo giờ được quy định trong tài liệu cho vay & vay mượn. Bạn có thể theo dõi tỷ lệ sử dụng theo thời gian thực và lãi suất trên trang Lend cho mỗi tài sản. [Để biết thêm chi tiết, tham khảo phần Cho vay & Vay mượn.](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay) [PreviousKý Quỹchevron-left](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy) [NextThông số Hợp đồng Tương laichevron-right](https://support.backpack.exchange/technical-docs/vn/trading/thong-so-hop-dong-tuong-lai) Last updated 9 months ago * [Kích hoạt Ký quỹ giao ngay](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#kich-hoat-ky-quy-giao-ngay) * [Giao dịch Ký quỹ](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#giao-dich-ky-quy) * [Thanh toán giao dịch Ký quỹ](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#thanh-toan-giao-dich-ky-quy) * [Yêu cầu Ký quỹ & Tài sản thế chấp](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#yeu-cau-ky-quy-and-tai-san-the-chap) * [Điểm chính](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#diem-chinh) * [Tại sao bạn không thể sử dụng toàn bộ đòn bẩy](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#tai-sao-ban-khong-the-su-dung-toan-bo-don-bay) * [Tỷ lệ sử dụng & Lãi suất](https://support.backpack.exchange/technical-docs/vn/trading/ky-quy-giao-ngay-spot-margin#ty-le-su-dung-and-lai-suat) --- # Уровень использования маржи и процентные ставки | Technical Docs Техническая документация | Backpack Exchange **Процентные ставки на Backpack определяются через модель уровня использования (Utilization Rate).** Каждый рынок заимствований и лендинга имеет **свою собственную кривую Utilization Rate**, которая доступна на соответствующей странице **Lend**. * * * #### [hashtag](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/uroven-ispolzovaniya-marzhi-i-procentnye-stavki#chto-takoe-utilization-rate) **Что такое Utilization Rate?** _**Utilization Rate = Total Borrowed / Total Lent**_ Показывает, какая доля доступных активов в пуле в данный момент используется в виде заимствований. – Чем больше активов заимствовано - тем **выше процентные ставки** – Это стимулирует пользователей **гасить долги** и **предоставлять ликвидность** * * * #### [hashtag](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/uroven-ispolzovaniya-marzhi-i-procentnye-stavki#chto-mozhno-otslezhivat-v-realnom-vremeni) **Что можно отслеживать в реальном времени:** – Общий объём ликвидности в пуле (Total Lending Pool Supply) – Общий объём заимствований (Total Borrowed Amount) – Текущий уровень использования (Current Utilization Rate) – Прогнозные процентные ставки на разных уровнях использования – И другие параметры * * * #### [hashtag](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/uroven-ispolzovaniya-marzhi-i-procentnye-stavki#kak-rasschityvayutsya-stavki) **Как рассчитываются ставки:** – **Процент за заимствование (Borrow Rate)** определяется **исключительно по кривой Utilization Rate** – _**Доходность лендера (Lend Rate) = Borrow Rate × Utilization**_ * * * #### [hashtag](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/uroven-ispolzovaniya-marzhi-i-procentnye-stavki#mekhanizm-zashity-pula-ot-peregruzki) **Механизм защиты пула от перегрузки:** Кривая Utilization Rate сконструирована так, чтобы **снижать риск достижения 100% использования**, при котором становится невозможным выкупить активы из пула. Система задаёт **оптимальный порог использования**, после которого процентные ставки начинают расти **экспоненциально**. Это делает заимствование всё **менее выгодным**, стимулируя погашения, и одновременно **повышает доходность**для лендера. Таким образом, рыночные механизмы способствуют **снижению уровня использования** и восстановлению баланса пула. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXf8rlocQCzUbgodbcUjV7F4ZxRLHApdfIxNDAk0RNj_07Fclr2au5A2CkJ9qMtnDn8LRn2FrW9JxHkpQPHO5lcW40pr1GM-5ITJD5oVBuctDUqyEBcT9QKXW87GqGqEcnm66floJw%3Fkey%3DexfDayo-Ark8yymyBDhBrx8G&width=768&dpr=4&quality=100&sign=ff2f5a41&sv=2) В качестве дополнительной меры безопасности система предусматривает **порог** ограничения (throttle threshold). Когда уровень использования достигает этого порога, происходит временная приостановка всех выкупов активов и новых заимствований. Это обеспечивает: – **время для новых лендов**, позволяя пользователям внести ликвидность в пул – **возможность для заёмщиков погасить долги** – **резерв для ликвидаций**, чтобы система могла безопасно выкупить обеспечение с аккаунтов, находящихся в процессе ликвидации Такой механизм снижает риски перегрузки пула и повышает устойчивость всей платформы. [PreviousЗаимствование (Бороу)chevron-left](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/zaimstvovanie-borou) [NextРискиchevron-right](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/riski) Last updated 6 months ago --- # Phí | Technical Docs Tài liệu Backpack | Backpack Exchange Tại Backpack Exchange, cam kết cung cấp một cấu trúc phí minh bạch và cạnh tranh là ưu tiên hàng đầu của chúng tôi. Các bảng dưới đây mô tả các phí giao dịch Giao ngay (Spot Trading) và Hợp đồng Tương lai Vĩnh viễn (Perpetual Futures) cho **Phiên bản Beta công khai**, giúp các nhà giao dịch dễ dàng nhận biết các khoản phí liên quan đến khối lượng giao dịch của họ. * ‍‍[**Truy cập Backpack Exchange ngay hôm nay.**arrow-up-right](https://download.backpack.exchange/BQcg/bu8071n9) Chúng tôi có thể thay đổi các khoản phí này cho giai đoạn tiếp theo của việc ra mắt và sẽ công bố các khoản phí cập nhật tại đây trước đó. **\*CÓ THỂ THAY ĐỔI\*** * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/phi#phi-giao-dich-tren-backpack-exchange) Phí giao dịch trên Backpack Exchange ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F438764042-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252Fz5l5FqJQ2MHlKdEnWnET%252Fuploads%252F3GBQDKgCH2MPdcH8X2kf%252FBackpack%2520Exchange%2520Fee%2520Structure.png%3Falt%3Dmedia%26token%3D2814f290-cba0-4d69-ae58-1794c5fa1a57&width=768&dpr=4&quality=100&sign=d203fcbc&sv=2) * * * Các chủ sở hữu Mad Lads kết nối ví Backpack Wallet chứa NFT của họ với Backpack Exchange sẽ tự động đủ điều kiện nhận phí giao dịch VIP Cấp 1. Chương trình VIP Mad Lads áp dụng cho cả Giao dịch Giao ngay (Spot) và Hợp đồng Tương lai Vĩnh viễn (Perpetual futures). [**Xem chi tiết về chương trình VIP Mad Lads tại đây.**arrow-up-right](https://support.backpack.exchange/en/articles/1974529) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/phi#phi-maker-va-taker-la-gi) Phí Maker và Taker là gì? * **Phí Maker**: Một "maker" là người đặt lệnh giới hạn (limit order) nhằm thêm thanh khoản vào thị trường. Điều này có nghĩa là lệnh không được lấp đầy ngay lập tức mà sẽ chờ đợi một lệnh đối lập (mua hoặc bán) xuất hiện. Phí áp dụng cho các lệnh này được gọi là **phí maker**. Makers thường trả phí thấp hơn vì họ góp phần vào thanh khoản của thị trường. * **Phí Taker**: Một "taker" là người đặt lệnh sẽ khớp ngay với một lệnh đã có sẵn trên sổ lệnh. Điều này lấy đi thanh khoản của thị trường. Phí áp dụng cho các lệnh này được gọi là **phí taker**. Takers thường trả phí cao hơn một chút do tính chất khớp lệnh ngay lập tức của các giao dịch của họ. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/vn/trading/phi#cach-cac-bac-phi-hoat-dong) Cách các bậc phí hoạt động? Càng giao dịch nhiều, bạn càng tiết kiệm được nhiều hơn! Cấu trúc phí của chúng tôi được thiết kế để thưởng cho các nhà giao dịch có khối lượng giao dịch lớn bằng cách giảm phí. Khi khối lượng giao dịch 30 ngày của bạn tăng lên, bạn sẽ thăng cấp trong các bậc phí và các khoản phí áp dụng sẽ giảm. Cả phí maker và taker đều giảm khi bạn tiến lên các cấp cao hơn, giúp trải nghiệm giao dịch trở nên tiết kiệm chi phí hơn. Vui lòng tham khảo bảng dưới đây để xem cấu trúc phí ở các cấp độ khác nhau và các yêu cầu về khối lượng giao dịch 30 ngày tương ứng. Chúng tôi mong muốn cung cấp trải nghiệm giao dịch mượt mà với sự hiểu biết rõ ràng về các chi phí liên quan. [PreviousThanh toán và Chốt Lãi/Lỗchevron-left](https://support.backpack.exchange/technical-docs/vn/trading/thanh-toan-va-chot-lai-lo) [NextVay & Cho vaychevron-right](https://support.backpack.exchange/technical-docs/vn/vay-and-cho-vay) Last updated 9 months ago * [Phí giao dịch trên Backpack Exchange](https://support.backpack.exchange/technical-docs/vn/trading/phi#phi-giao-dich-tren-backpack-exchange) * [Phí Maker và Taker là gì?](https://support.backpack.exchange/technical-docs/vn/trading/phi#phi-maker-va-taker-la-gi) * [Cách các bậc phí hoạt động?](https://support.backpack.exchange/technical-docs/vn/trading/phi#cach-cac-bac-phi-hoat-dong) --- # Trading | Technical Docs Documentación de Soporte | Backpack Exchange [Margenchevron-right](https://support.backpack.exchange/technical-docs/es/trading/margen) [Margen Spotchevron-right](https://support.backpack.exchange/technical-docs/es/trading/margen-spot) [Especificaciones de Futuroschevron-right](https://support.backpack.exchange/technical-docs/es/trading/especificaciones-de-futuros) [Liquidación y Realizaciónchevron-right](https://support.backpack.exchange/technical-docs/es/trading/liquidacion-y-realizacion) [Comisioneschevron-right](https://support.backpack.exchange/technical-docs/es/trading/comisiones) [PreviousOnboardingchevron-left](https://support.backpack.exchange/technical-docs/es/onboarding) [NextMargenchevron-right](https://support.backpack.exchange/technical-docs/es/trading/margen) --- # Спот-маржа | Technical Docs Техническая документация | Backpack Exchange Backpack предлагает продукт **спот-маржинальной торговли**, позволяющий открывать длинные или короткие позиции по спотовым активам **превышающим доступный баланс в кошельке**. В основе этого механизма лежит: – **механизм ликвидации в реальном времени**, – **прозрачный рынок заимствования и лендинга**, что обеспечивает **капитально-эффективную торговлю на споте**. Все спот-маржинальные позиции на Backpack используют **общие лендинговые пулы** и подчиняются **единым требованиям к обеспечению и процедурам ликвидации**, применяемым в рамках общей системы заимствований и лендов. Это гарантирует, что: – вы можете **автоматически заимствовать активы**, необходимые для выполнения спотовой сделки; – заёмщики всегда обеспечены достаточным залогом — при его нехватке платформа инициирует **ликвидацию позиций**. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha#aktivaciya-spot-marzhi) Активация спот-маржи Перед тем как начать маржинальную торговлю на споте, убедитесь, что функция **Margin Trading включена** в настройках выбранного субаккаунта. При активированной опции **Auto Lend**, вы можете заимствовать активы для спот-маржинальных сделок **автоматически**, без необходимости вручную оформлять займы — Backpack самостоятельно оформляет заимствование, когда вы торгуете на сумму, превышающую ваш доступный спотовый баланс. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha#marzhinalnaya-torgovlya) Маржинальная торговля **Спот-маржа позволяет покупать или продавать активы в объёмах, превышающих ваш доступный баланс**, автоматически создавая заём на недостающую сумму (или выдавая заёмный актив, если вы хотите вывести его за пределы биржи). **Пример использования:** 1. Активируйте опцию **Margin** в форме ордера. 2. Разместите **ордер на покупку или продажу** интересующего актива на спотовом рынке. 3. Если вы продаёте больше, чем у вас есть (шорт), или покупаете на сумму, превышающую баланс, система автоматически **оформляет заём от вашего имени**. **Конкретный пример:** У вас есть 1,000 USDC, но вы хотите купить SOL на сумму 2,000 USDC. При установке галочки **“Margin”** Backpack автоматически заимствует недостающие 1,000 USDC и завершает покупку. В результате у вас появляется **лонг-позиция по SOL**, частично профинансированная за счёт займа. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha#pogashenie-marzhinalnykh-sdelok) Погашение маржинальных сделок Если вы должны определённый актив в результате спот-маржинального заимствования, вы можете погасить долг следующими способами: **Автоматическое погашение с Auto Lend** Если включена функция Auto Lend, любые совпадающие активы, которые поступают на ваш субаккаунт (через депозиты, торговлю или конвертацию), немедленно направляются на погашение долга. Система автоматически уменьшает вашу задолженность, как только на аккаунт поступают необходимые активы. **Погашение через спот-маржинальную торговлю** Вы можете просто купить заимствованный актив, чтобы погасить долг. Например, если вы занимали 10 SOL (то есть у вас шорт-позиция на 10 SOL), то размещение ордера на покупку 10 SOL с включённой функцией Margin автоматически закроет вашу задолженность по SOL. Система распознает, что вы выкупаете заимствованный актив, и зачтёт его как возврат займа. **Ручное погашение (Manual Repayment)** Если Auto Lend отключён, погашение долга осуществляется вручную. Для этого перейдите во вкладку **Borrow** или откройте модальное окно заимствования, нажмите кнопку **Repay** и выберите актив, который хотите вернуть. Если на вашем балансе есть актив, соответствующий заимствованному, он будет использован для полного или частичного погашения задолженности. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha#trebovaniya-k-marzhe-i-obespecheniyu) Требования к марже и обеспечению **Требования к марже и обеспечение** Спот-маржа на Backpack использует ту же систему **кросс-маржи**, что и остальная часть биржи. Это означает следующее: – Обеспечение рассчитывается **по всем активам**, находящимся в вашем субаккаунте. У каждого актива свой **дисконт (haircut)**, то есть вес в расчёте обеспечения. – **Поддерживающая маржа (Maintenance Margin)** отслеживается в режиме реального времени. Если отношение обеспечения к открытому риску опускается ниже установленного порога, запускается **ликвидация**. **Ключевые выводы:** – **Initial Margin:** Объём обеспечения, необходимый для открытия позиции. – **Maintenance Margin:** Объём обеспечения, необходимый для удержания позиции без ликвидации. – **Размер позиции (Position Size):** В рамках спот-маржи, к общему риску учитываются как **короткие (short)**, так и **перекупленные (overbought)** балансы. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha#pochemu-vy-ne-mozhete-vsegda-torgovat-s-plechom) Почему вы не можете всегда торговать с плечом? **Максимальный размер позиции зависит от следующих факторов:** – **Дисконты обеспечения (Collateral Haircuts):** некоторые активы учитываются с меньшим весом при расчёте обеспечения из-за их высокой волатильности. – **Ликвидность пула заимствований:** в системе должно быть достаточно доступного актива, чтобы вы могли его занять. – **Доступный капитал (Available Equity)** в вашем субаккаунте. Это означает, что максимальный размер позиции **не определяется простой формулой** вида: `баланс × максимальное плечо`. **Пример:** Допустим, у вас в субаккаунте есть **100 USDC**, а система позволяет использовать **максимальное плечо 10x**. Теоретически вы могли бы предположить, что можете купить **SOL на $1,000**. Однако: – **USDC** - это высококачественное обеспечение (с минимальным дисконтом). – **SOL** - более волатильный актив, поэтому имеет **пониженный вес (haircut)** как обеспечение. Когда вы меняете USDC на SOL, ваша структура обеспечения становится менее стабильной — вы переходите от "надёжного обеспечения" к более рискованному. Чтобы учесть потенциальную волатильность цены SOL, маржинальный движок может ограничить вашу позицию, например, **до $800 в SOL**, чтобы сохранить достаточный запас в стабильных активах. Для уточнения деталей посетите наш отдел "Маржа". * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha#uroven-ispolzovaniya-i-procentnye-stavki) Уровень использования и процентные ставки **Уровень использования и процентные ставки** Спот-маржинальное заимствование использует ту же инфраструктуру заимствований и лендинга, что и стандартные ручные займы. Это означает следующее: – **Уровень использования (Utilization Rate):** _**Utilization = Объём заимствований / Объём размещённых в лендинг активов**_ – **Ставка заимствования (Borrow Rate):** Определяется на основе **кривой использования (Utilization Curve)**. Чем выше использование пула, тем **выше стоимость заимствования**. – **Ставка доходности для лендера (Lend Rate):** _**Lend Rate = Borrow Rate × Utilization**_. По мере роста использования пула, **доход лендера увеличивается**. Так как спот-маржа использует общий пул, все заимствования в рамках маржинальной торговли **подлежат начислению почасовых процентов**, в соответствии с правилами, изложенными в документации по заимствованиям и лендингу. Актуальные данные по **ставкам, использованию пула и доходности** можно отслеживать на странице **Lend** для каждого актива. [Для уточнения детелей посетите наш отдел "Borrow & Lend section".](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie) [PreviousМаржинальная торговляchevron-left](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya) [NextСпецификации фьючерсовchevron-right](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov) Last updated 6 months ago * [Активация спот-маржи](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha#aktivaciya-spot-marzhi) * [Маржинальная торговля](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha#marzhinalnaya-torgovlya) * [Погашение маржинальных сделок](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha#pogashenie-marzhinalnykh-sdelok) * [Требования к марже и обеспечению](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha#trebovaniya-k-marzhe-i-obespecheniyu) * [Почему вы не можете всегда торговать с плечом?](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha#pochemu-vy-ne-mozhete-vsegda-torgovat-s-plechom) * [Уровень использования и процентные ставки](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha#uroven-ispolzovaniya-i-procentnye-stavki) --- # Кредитование (Лендинг) | Technical Docs Техническая документация | Backpack Exchange Вы можете начать предоставлять кредиты на Backpack двумя способами. **Метод №1 — Ручной лендинг (Manual Lend)** Вы можете вручную разместить свои активы в лендинг через вкладку **Lend** или модальное окно **Lend**. Процентный доход автоматически начисляется на ваш баланс и **капитализируется** (реинвестируется). **Метод №2 — Авто-лендинг (Auto Lend)** Auto Lend — это настройка на уровне субаккаунта, при которой **все доступные активы автоматически направляются в лендинговый пул**. При включённой функции Auto Lend вы начинаете зарабатывать доход сразу после **депозита в субаккаунт** или **покупки актива**, подходящего для лендинга — без дополнительных действий. **Выкуп активов из лендинга (Redeeming)** Для обеспечения максимальной гибкости и удобства, **все размещённые в лендинг активы выкупаются автоматически по возможности**, независимо от того, включён Auto Lend или нет. Вы можете получить доступ к своим активам следующими способами: 1. **Спотовая торговля** Если вы размещаете активы в лендинг, например USDC, и хотите купить BTC, **ваш USDC будет автоматически выкуплен** из пула, чтобы покрыть сделку. Вам не нужно делать это вручную. 2. **Вывод средств** Вы можете **вывести свои средства напрямую**, без предварительного ручного выкупа. При подаче заявки на вывод Backpack автоматически **выкупит нужный актив из пула лендинга** и обработает транзакцию. 3. **Ручной выкуп (Manual Redeem)** Если вы **не планируете торговать или выводить средства**, но хотите прекратить участвовать в лендинге, вы можете **вручную выкупить активы** через вкладку **Lend** или соответствующее модальное окно. Ручной выкуп доступен **только если Auto Lend отключён**. * * * **Важно:** Вы можете выкупить свои активы **только если уровень использования (utilization rate)** по данному активу **не достиг предела**. Чтобы **предотвратить достижение 100% использования**, Backpack вводит **порог ограничения (throttling threshold)**: – если этот порог превышен, **выкуп и новые заимствования временно блокируются**, пока использование не снизится (через новые вклады в пул или погашение долгов другими пользователями). [PreviousЗаимстование & Кредитованиеchevron-left](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie) [NextЗаимствование (Бороу)chevron-right](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/zaimstvovanie-borou) Last updated 6 months ago --- # Заимствование (Бороу) | Technical Docs Техническая документация | Backpack Exchange Backpack предоставляет возможность **заимствовать активы** для различных целей, включая **спот-маржинальную торговлю**. Все заимствованные активы зачисляются на ваш **доступный баланс**, и могут использоваться для размещения ордеров или вывода средств — при условии соблюдения **маржинальных требований**. В отличие от большинства протоколов и продуктов в сфере Borrow/Lend, на Backpack **не требуется предварительно размещать активы в пул**, чтобы начать заимствование. Если в субаккаунте есть **доступная обеспеченность (Available Equity)** — пользователь может сразу начать заимствовать. Ниже представлены **три способа заимствовать активы** на платформе Backpack. **Метод №1 — Ручной заём (Manual Borrow)** Вы можете взять заём вручную через вкладку **Borrow** на странице **Lend**. Обратите внимание: если включён **Auto Lend**, все займы в субаккаунте **автоматически погашаются**, как только на балансе появляется соответствующий актив. В результате, **ручное заимствование становится недоступным**, так как любые вручную оформленные займы будут сразу же погашены. При включённом Auto Lend заимствование возможно **только через спот-маржу или через вывод с маржой**. * * * **Метод №2 — Спот-маржа (Spot Margin)** Вы можете автоматически взять заём при торговле в спотовом режиме, установив галочку **Margin** в интерфейсе ввода ордера и **торгуя на сумму выше текущего баланса** или продавая актив, которого нет в наличии. Например, если у вас есть USDC и вы хотите открыть **шорт по ETH**, достаточно включить Margin и продать ETH — система автоматически оформит заём ETH, без необходимости ручного заимствования. * * * **Метод №3 — Вывод с маржой (Margin Withdrawal)** Вы можете взять заём под залог активов, которых у вас нет на балансе, **при выводе средств**. Для этого установите галочку **Margin** в окне вывода. Максимальная сумма вывода с заимствованием определяется на основе вашего **Available Equity**. * * * #### [hashtag](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/zaimstvovanie-borou#pogashenie-zaimstvovanii) Погашение заимствований **Ручное погашение (Manual Repayment)** Если у вас есть актив, который вы должны, вы можете вручную погасить заём через вкладку **Borrow** на торговой странице, нажав **Repay**, или через вкладку **Repay** на странице **Lend**. Важно: при включённом **Auto Lend** ручное погашение **недоступно**, так как система автоматически погасит заём при наличии подходящего актива на балансе. **Через спот-маржу (Spot Margin)** Доход от маржинальной сделки на споте может быть использован для погашения долга. Например, если вы должны 1 SOL, то покупка 1 SOL с включённой функцией Margin автоматически погасит долг. **Через депозит (Depositing)** Если включён **Auto Lend**, все займы **погашаются автоматически**, как только на субаккаунте появляется соответствующий актив. То есть, если вы должны 1 SOL — достаточно просто **депонировать 1 SOL**, и долг будет погашен. [PreviousКредитование (Лендинг)chevron-left](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/kreditovanie-lending) [NextУровень использования маржи и процентные ставкиchevron-right](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/uroven-ispolzovaniya-marzhi-i-procentnye-stavki) Last updated 6 months ago --- # Риски | Technical Docs Техническая документация | Backpack Exchange **Дефолт заёмщика (Borrower Default)** Backpack применяет **многоуровневую модель ликвидации**, которая предотвращает банкротство аккаунтов и защищает интересы лендера. * * * #### [hashtag](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/riski#etapy-likvidacii) **Этапы ликвидации:** 1. **Первая линия — ордербук** Сначала система пытается ликвидировать позиции через рыночную торговлю в ордербуке. 2. **Auto-Close Threshold** Если позиции слишком велики или **маржинальная фракция (Margin Fraction)** падает ниже **автоматического порога закрытия**, ликвидация переходит на **Backstop Liquidity Providers (BLPs)**. * * * #### [hashtag](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/riski#adl-auto-deleveraging-pri-ekstrennykh-usloviyakh) **ADL (Auto-Deleveraging) — при экстренных условиях** Если рынок двигается слишком быстро и система **не успевает ликвидировать позиции**, запускается **механизм авто-деоблечения (ADL)** для гарантированной защиты лендера. **Пример:** – Заёмщик берёт в долг **1 BTC** у лендера – Он **не держит BTC** (вывел или обменял на другой актив) – Аккаунт уходит в минус, **курс BTC — $100,000** – Система не может вернуть 1 BTC, но выплачивает **$100,000 в номинальной стоимости** – Ликвидация считается успешной — **лендер получил свою стоимость**, даже если не в токене * * * #### [hashtag](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/riski#id-100-utilization-polnyi-uroven-ispolzovaniya-pula) **100% Utilization — полный уровень использования пула** Если рынок достигает **100% использования**, размещённые в лендинг активы **не могут быть выкуплены**. Это создаёт риск, так как такие активы могут использоваться как обеспечение. **Сценарий:** – Пользователь использует размещённые в лендинг активы как обеспечение – Активность на рынке приводит к 100% Utilization, выкуп невозможен – Пользователь попадает под ликвидацию – Система активирует **ADL**: 1. Находит заёмщиков, чьё обеспечение доступно 2. Выплачивает лендеру сумму в **номинальных USDC**, не превышающую объём займа 3. Заём считается **закрытым**, а лендер — **успешно ликвидирован** 4. Обеспечение заёмщика может быть **конвертировано в другой актив**, но его общая стоимость сохраняется * * * **Итог:** Система ликвидаций Backpack сконструирована так, чтобы при любых условиях лендер получал эквивалентную стоимость займа - в токене или в USDC. Это позволяет поддерживать рыночную стабильность и защиту участников, даже в периоды высокой волатильности или перегрузки ликвидности. [PreviousУровень использования маржи и процентные ставкиchevron-left](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/uroven-ispolzovaniya-marzhi-i-procentnye-stavki) Last updated 6 months ago --- # Onboarding | Technical Docs Documentación de Soporte | Backpack Exchange Para operar en Backpack Exchange, deberás crear una cuenta, completar la verificación de identidad y depositar fondos (ya sea mediante una rampa fiat o un depósito cripto). * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/onboarding#crea-una-cuenta-y-completa-la-verificacion-de-identidad) Crea una cuenta y completa la verificación de identidad Visita [backpack.exchangearrow-up-right](https://backpack.exchange/) y registera una nueva cuenta. Después de verificar tu correo electrónico, completa el proceso de verificación de identidad KYC (Know Your Customer). Consulta las instrucciones detalladas: * [Verificar identidad de cuenta individualarrow-up-right](https://support.backpack.exchange/exchange/identity-verification/how-to-verify-account-identity/verify-identity-kyc) * [Verificar identidad de cuenta institucional o empresarialarrow-up-right](https://support.backpack.exchange/exchange/identity-verification/how-to-verify-account-identity/verify-identity-kyc) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/onboarding#deposita-fondos-en-fiat-o-cripto) Deposita fondos en fiat o cripto Una vez completado el proceso de KYC, puedes fondear tu wallet a través de nuestra rampa fiat (transferencia bancaria, tarjeta de crédito/débito) o mediante depósitos directos en cripto. Accede a ambas opciones desde el menú Depositar. * [Deposita cripto usando Backpack Walletarrow-up-right](https://support.backpack.exchange/articles/deposit-crypto-on-backpack-exchange-wallet-via-backpack-wallet-browser) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/onboarding#comienza-a-operar-en-backpack-exchange) Comienza a operar en Backpack Exchange El mercado al contado (spot), el margen spot, los futuros perpetuos y Bóveda (Safe) están disponibles para todos los usuarios de Backpack. Consulta nuestro [Centro de Ayuda de Backpackarrow-up-right](https://support.backpack.exchange/) para instrucciones detalladas e información adicional sobre nuestros productos. * Contacta al equipo de Soporte al Cliente en [Discordarrow-up-right](https://discord.com/invite/backpack) o por correo electrónico: [\[email protected\]](https://support.backpack.exchange/technical-docs/vn/) [PreviousBienvenidachevron-left](https://support.backpack.exchange/technical-docs/es) [NextTradingchevron-right](https://support.backpack.exchange/technical-docs/es/trading) Last updated 8 months ago * [Crea una cuenta y completa la verificación de identidad](https://support.backpack.exchange/technical-docs/es/onboarding#crea-una-cuenta-y-completa-la-verificacion-de-identidad) * [Deposita fondos en fiat o cripto](https://support.backpack.exchange/technical-docs/es/onboarding#deposita-fondos-en-fiat-o-cripto) * [Comienza a operar en Backpack Exchange](https://support.backpack.exchange/technical-docs/es/onboarding#comienza-a-operar-en-backpack-exchange) --- # Комиссии | Technical Docs Техническая документация | Backpack Exchange На Backpack Exchange мы придаём первостепенное значение прозрачной и конкурентной структуре комиссий. Ниже представлены таблицы с комиссиями для **спотовой торговли** и **бессрочных фьючерсов** в рамках **публичного запуска**, позволяя трейдерам легко определить применимые ставки в зависимости от торгового объёма. Мы можем изменить структуру комиссий на следующем этапе запуска и заранее опубликуем обновления на этой странице. * ‍[**Посетите Backpack Exchange уже сегодня.**arrow-up-right](https://download.backpack.exchange/BQcg/bu8071n9) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/komissii#torgovye-komissii-na-backpack-exchange) **Торговые комиссии на Backpack Exchange** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcontent.gitbook.com%2Fcontent%2FA5dRa6EvLk8VVc0lenWW%2Fblobs%2FH1OZcdO3Y2oxRjfs7Lbr%2FBackpack%2520Exchange%2520Fee%2520Structure.png&width=768&dpr=4&quality=100&sign=d02b67e5&sv=2) * * * Держатели **Mad Lads**, подключившие к Backpack Exchange свой **Backpack Wallet**, в котором находится NFT, **автоматически получают комиссионный уровень VIP Tier 1**. Программа **Mad Lads VIP** действует как для **спотовой торговли**, так и для **бессрочных фьючерсов**. [**Подробнее о программе Mad Lads VIP вы можете узнать здесь.**arrow-up-right](https://support.backpack.exchange/exchange/programs/vip) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/komissii#what-are-maker-and-taker-fees) **What are Maker and Taker Fees?** * **Maker** — это трейдер, размещающий лимитный ордер, который добавляет ликвидность на рынок. Такой ордер не исполняется немедленно, а ждёт встречного ордера (на покупку или продажу). Комиссия за такие ордера называется **maker fee**. Как правило, **мейкеры платят более низкую комиссию**, поскольку они способствуют ликвидности рынка. ‍ * **Taker** — это трейдер, чья сделка **немедленно исполняется** против уже существующего ордера в стакане. Такие действия **убирают ликвидность с рынка**. Комиссия за такие сделки называется **taker fee**. **Тейкеры обычно платят немного более высокую комиссию** из-за немедленного исполнения. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/komissii#kak-rabotayut-urovni-komissii) **Как работают уровни комиссий?** Чем больше вы торгуете — тем меньше платите! Наша структура комиссий создана таким образом, чтобы **поощрять трейдеров с высоким оборотом** снижением комиссий. По мере роста вашего **30-дневного торгового объёма**, вы поднимаетесь по уровням (тирам), и применяемые комиссии становятся ниже. С понижением уровня комиссии уменьшаются как для **maker**, так и для **taker** ордеров, обеспечивая более выгодные условия торговли. Пожалуйста, ознакомьтесь с таблицей уровней комиссий, чтобы узнать требования по 30-дневному объёму и соответствующие ставки. Мы стремимся обеспечить максимально прозрачный и выгодный торговый опыт. [PreviousРасчеты и реализацияchevron-left](https://support.backpack.exchange/technical-docs/ru/torgovlya/raschety-i-realizaciya) [NextЗаимстование & Кредитованиеchevron-right](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie) Last updated 6 months ago * [Торговые комиссии на Backpack Exchange](https://support.backpack.exchange/technical-docs/ru/torgovlya/komissii#torgovye-komissii-na-backpack-exchange) * [What are Maker and Taker Fees?](https://support.backpack.exchange/technical-docs/ru/torgovlya/komissii#what-are-maker-and-taker-fees) * [Как работают уровни комиссий?](https://support.backpack.exchange/technical-docs/ru/torgovlya/komissii#kak-rabotayut-urovni-komissii) --- # Borrow & Lend | Technical Docs Documentación de Soporte | Backpack Exchange * ​[Lending](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/lending) ​ * ​[Borrowing](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/borrowing) ​ * ​​[Utilización y tasas de Interésarrow-up-right](https://app.gitbook.com/o/1pzK7I96ua1kPK2SCiPg/s/3kiM6CAFBZoTCJcZ8X7k/borrow-and-lend/utilization-and-interest-rates) ​ * ​[Liquidaciones](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/riesgos) ​ * * * Backpack cuenta con un mercado de dinero omnicanal donde los usuarios pueden prestar y pedir prestado una variedad de activos. Los usuarios pueden depositar desde cualquier cadena para prestar en el pool unificado, o pedir prestado contra su colateral y retirar a cualquier red compatible, todo sin necesidad de puentes. Este mercado de dinero omnicanal es un componente clave del sistema de margen de Backpack, permitiendo a los usuarios operar con el más alto nivel de eficiencia de capital. Los lenders pueden ganar rendimiento sobre sus activos proporcionando liquidez al pool de lending, que luego puede ser tomado prestado por otros usuarios para los siguientes fines: 1. Trading con margen spot 2. Liquidaciones en USDC para el trading de futuros perpetuos 3. Retiros fuera del exchange A diferencia de la mayoría de los exchanges centralizados, las tasas de interés en Backpack se determinan mediante un modelo transparente de Tasa de Utilización, que los usuarios pueden consultar en cualquier momento en la página de Lend. La tasa de utilización representa la proporción de activos prestados que están siendo actualmente tomados prestados en un mercado determinado. Tasas de utilización más altas indican una mayor demanda de borrowing, lo que resulta en tasas de interés más altas. Las tasas de interés se calculan y pagan cada hora. Para proteger a los lenders, todos los préstamos están sujetos a los requisitos de margen de Backpack y al sistema de liquidación en tiempo real. Esto significa que ningún usuario podrá pedir prestado sin cumplir con los requisitos de colateral necesarios, y en caso de que su fracción de margen caiga por debajo de los niveles necesarios, Backpack comenzará a liquidar inmediatamente su posición. [PreviousComisioneschevron-left](https://support.backpack.exchange/technical-docs/es/trading/comisiones) [NextLendingchevron-right](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/lending) Last updated 8 months ago --- # Borrowing | Technical Docs Documentación de Soporte | Backpack Exchange Backpack te ofrece la habilidad de pedir prestados activos para una variedad de casos de uso, como el trading con margen spot. Los activos prestados se agregan a tu saldo disponible, el cual puedes usar para colocar órdenes o realizar retiros, siempre que se cumplan los requisitos de margen. A diferencia de la mayoría de los protocolos/productos de Borrow Lend, no necesitas suministrar activos al pool de lending antes de poder pedir prestado en Backpack. Siempre que haya Capital Disponible en la subcuenta, los usuarios pueden comenzar a pedir prestado. Aquí están las tres formas diferentes de pedir prestado en Backpack. ### [hashtag](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/borrowing#method-1-manual-borrow) **Método #1 - Borrow Manual** Los préstamos pueden originarse manualmente a través de la pestaña Borrow en la página de Lend. Ten en cuenta que la configuración de Auto Lend paga automáticamente todos los préstamos de una subcuenta. Como resultado, los préstamos manuales se desactivan cuando Auto Lend está habilitado, ya que cualquier préstamo manual sería inmediatamente pagado. Cuando Auto Lend está habilitado, los préstamos sólo pueden realizarse a través de Margen Spot o Retiros de Margen. ### [hashtag](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/borrowing#method-2-spot-margin) **Método #2 - Margen Spot** Puedes pedir prestado automáticamente a través de margen spot marcando la casilla de Margen en la interfaz de usuario de entrada de órdenes y gastando más de lo que tienes actualmente o vendiendo un activo que no posees. Por ejemplo, si tienes USDC y deseas vender corto ETH en el mercado spot, simplemente habilitas el margen y vendes ETH. Esto activará un préstamo para ti, eliminando la necesidad de hacer un préstamo manual previamente para operar con él. ### [hashtag](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/borrowing#method-3-margin-withdrawal) **Método #3 - Retiros de Margen** De manera similar, puedes pedir prestado contra tu colateral al retirar un activo que actualmente no posees, marcando la casilla de Margen en el modal de retiro. El monto máximo que podrás retirar con préstamo será determinado por tu Capital Disponible actual. ### [hashtag](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/borrowing#repayment) Reembolso Los préstamos pueden ser reembolsados de las siguientes maneras: #### [hashtag](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/borrowing#manual-repayment) **Reembolso Manual** Si tienes el activo que debes, puedes reembolsarlo manualmente en la pestaña de Borrow en la página de trading haciendo clic en Reembolsar, o a través de la pestaña Reembolsar en la página de Lend. Como se explicó anteriormente, ten en cuenta que si Auto Lend está habilitado, no podrás realizar reembolsos manuales, ya que cualquier préstamo será pagado automáticamente si hay saldo disponible para hacerlo. #### [hashtag](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/borrowing#spot-margin) **Margen Spot** Los fondos de una operación de margen spot pueden utilizarse para reembolsar préstamos. Por ejemplo, si debes 1 SOL, si compras 1 SOL con Margen habilitado en la operación, ese SOL se usará automáticamente para reembolsar el préstamo pendiente. #### [hashtag](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/borrowing#depositing) **Depositando** Cuando Auto Lend está habilitado, todos los préstamos se reembolsan automáticamente tan pronto como haya saldo disponible en la cuenta. Esto significa que si debes 1 SOL, simplemente puedes depositar 1 SOL en la subcuenta y la deuda se pagará automáticamente. [PreviousLendingchevron-left](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/lending) [NextUtilización y Tasas de Interéschevron-right](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/utilizacion-y-tasas-de-interes) Last updated 8 months ago * [Método #1 - Borrow Manual](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/borrowing#method-1-manual-borrow) * [Método #2 - Margen Spot](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/borrowing#method-2-spot-margin) * [Método #3 - Retiros de Margen](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/borrowing#method-3-margin-withdrawal) * [Reembolso](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/borrowing#repayment) --- # Торговля | Technical Docs Техническая документация | Backpack Exchange [Маржинальная торговляchevron-right](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya) [Спот-маржаchevron-right](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha) [Спецификации фьючерсовchevron-right](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov) [Расчеты и реализацияchevron-right](https://support.backpack.exchange/technical-docs/ru/torgovlya/raschety-i-realizaciya) [Комиссииchevron-right](https://support.backpack.exchange/technical-docs/ru/torgovlya/komissii) [PreviousПроцесс регистрацииchevron-left](https://support.backpack.exchange/technical-docs/ru/process-registracii) [NextМаржинальная торговляchevron-right](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya) --- # Маржинальная торговля | Technical Docs Техническая документация | Backpack Exchange Backpack использует мультивалютную модель с кросс-маржированием, разработанную для максимальной эффективности капитала. В отличие от других бирж, которые заставляют пользователей разделять балансы между разными кошельками (спот, фьючерсы, маржа, доход и т.д.), Backpack предлагает единый кросс-маржинальный кошелек, который используется для торговли всеми продуктами платформы. Если вы хотите изолировать риски, вы можете легко создать новый субаккаунт -он будет полностью отделён от остальных субаккаунтов. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcontent.gitbook.com%2Fcontent%2FA5dRa6EvLk8VVc0lenWW%2Fblobs%2FEwpWmOXiMGNiBBNGlyw1%2Fimage.png&width=768&dpr=4&quality=100&sign=54ae689f&sv=2) Вы можете использовать широкий спектр активов, не номинированных в USD, в качестве обеспечения - они учитываются в расчёте капитала аккаунта для открытия и поддержания фьючерсных и заёмных позиций. Для обеспечения максимальной эффективности капитала среди всех централизованных бирж Backpack позволяет использовать **100% размещённых в лендинг активов** в качестве обеспечения - таким образом, они продолжают приносить доход, даже когда участвуют в поддержании позиции. Кроме того, нереализованная прибыль также направляется в пул заимствований и лендинга, генерируя дополнительную доходность и повышая общую капитальную эффективность. Вот краткий видео-гайд, показывающий, как это работает: * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya#obespechenie) Обеспечение **Обеспечение (Collateral)** На платформе Backpack обеспечение рассчитывается в эквиваленте USD. Активы, подходящие для использования в качестве обеспечения, получают **обеспечительную стоимость (Collateral Value)**, которая учитывается при расчёте **чистой стоимости капитала (Net Equity)**. Формула расчёта обеспечительной стоимости: _**Количество токенов × Рыночная цена (Mark Price) × Вес (Weight)**_ Каждому активу присваивается **стандартный вес обеспечения** (Collateral Weight), также известный как дисконт (haircut). Вес актива может снижаться в зависимости от размера позиции, чтобы учесть риски и время, необходимое для ликвидации. Кривые обеспечительной стоимости для каждого из ваших активов отображаются на странице **Statements**. **Пример расчёта:** Пользователь владеет активами на сумму $120,000, но его **общая обеспечительная стоимость аккаунта (Total Account Collateral)** составляет $116,300. (Примечание: значения haircuts в примере условные — актуальные значения указаны на странице Statements). * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya#kapital) Капитал **Капитал (Equity)** **Чистая стоимость капитала (Net Equity)** Equity отражает скорректированную с учётом риска стоимость вашего аккаунта и используется для поддержания фьючерсных и заёмных позиций. Это значение также известно как **маржинальный баланс (Margin Balance)**. Формула расчёта Net Equity: **Total Account Collateral + Total Unrealized PnL + Unsettled Balances – Total Borrow Liability** Полная детализация по всем значениям доступна на странице **Statements**. **Доступный капитал (Available Equity)** Available Equity — это средства, которые вы можете использовать для открытия новых позиций или размещения ордеров. Формула: _**Net Equity – Equity Locked**_, где **Equity Locked** — это маржа, задействованная в открытых позициях и ордерах, увеличивающих экспозицию. Для повышения эффективности, **нереализованная прибыль** также учитывается при расчёте Available Equity. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya#marzha) Маржа **Маржа аккаунта (также известна как Margin Health)** Оценивается с помощью двух ключевых показателей: * * * **1) Initial Margin Rate (IMR)** Показывает, сколько **доступного капитала (Available Equity)** осталось для открытия новых позиций. Когда IMR достигает 100%, вы не можете открывать новые позиции, увеличивающие риск. **Формула:** _**IMR = Total Initial Margin / Net Equity**_ Вы можете увидеть значение Initial Margin Balance (используемая начальная маржа по всем позициям) в разделе **Margin Overview** на торговой странице, наведя курсор на процент IMR. **Правило расчета начальной маржи:** _**Initial Margin = Номинальная стоимость позиции / Максимальное кредитное плечо аккаунта**_ **Пример:** Если ваше максимальное плечо — 10x и вы хотите открыть позицию на $10,000, начальная маржа составит $1,000. Однако, как и в случае с обеспечением (Collateral Value), при увеличении размера позиции требуемая начальная маржа может также увеличиваться — для учёта риска. Требования к марже также могут отличаться в зависимости от рынка. Например, если базовая **Initial Margin Fraction (IMF)** для рынка составляет 0.20, то даже при максимальном плече 10x начальная маржа будет 20% от размера позиции (если не учитывать крупные позиции). – Чтобы узнать требования к марже на конкретном рынке, откройте вкладку **Margin** на торговой странице. – Чтобы узнать, сколько маржи потребуется перед размещением ордера, смотрите значение **Margin Required** при оформлении сделки. – Чтобы увидеть, сколько маржи использует текущая позиция — смотрите колонку **Initial Margin** во вкладке **Positions**. * * * **2) Maintenance Margin Rate (MMR)** Показывает, насколько близко ваш аккаунт к ликвидации. Если MMR достигает 100%, начнется ликвидация позиций. **Формула:** _**MMR = Total Maintenance Margin / Net Equity**_ Обычно **Maintenance Margin Fraction (MMF)** начинается с 5%. Однако, как и с IMR, требования к поддерживающей марже могут увеличиваться с ростом позиции и могут различаться в зависимости от конкретного рынка. – Чтобы увидеть общее значение Maintenance Margin по всем позициям, наведите курсор на процент MMR в разделе **Margin Overview** на торговой странице. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya#subakkaunty) Субаккаунты **Модель маржи в Backpack** Маржинальная модель Backpack построена вокруг **субаккаунтов**. Каждый субаккаунт является: – **кросс-маржинальным**, – **мультивалютным**, – и имеет доступ ко всем продуктам платформы: **спот**, **фьючерсы**, **спот-маржа**, **заимствование**, **лендинг**. Для наглядности: если вы пополните субаккаунт в USDC и BTC, ваша **чистая стоимость капитала (Net Equity)**увеличится, и вы сможете сразу начать торговать всеми продуктами — без необходимости вручную распределять активы между разными кошельками. Субаккаунты полностью **изолированы** друг от друга. Это значит, что средства на одном субаккаунте не подвержены риску ликвидации из-за действий на другом субаккаунте. Балансы и риски отделены на уровне каждого субаккаунта, что позволяет запускать разные стратегии и чётко управлять объёмом активов, находящихся под риском. Если вы предпочитаете **изолированную маржу (Isolated Margin)**, вы можете открыть позицию в отдельном, изолированном субаккаунте. Максимально можно создать **до 10 субаккаунтов**, при этом возможен **бесшовный перевод средств между ними**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcontent.gitbook.com%2Fcontent%2FA5dRa6EvLk8VVc0lenWW%2Fblobs%2FGKW8lMNSFs7rh0OJ8zzA%2Fimage.png&width=768&dpr=4&quality=100&sign=f58c15d&sv=2) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya#plechi) Плечи Максимальное кредитное плечо в Backpack устанавливается на уровне субаккаунта. Вы можете самостоятельно выбрать уровень риска для каждого субаккаунта, установив значение **Max Account Leverage** — оно будет применяться ко всем позициям внутри выбранного субаккаунта. При изменении максимального плеча автоматически изменяется требуемая **начальная маржа** как для уже открытых позиций, так и для будущих ордеров. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya#obespechenie-v-ne-usd-aktivakh) Обеспечение в не-USD активах Фьючерсные контракты на Backpack рассчитываются в **USDC** — это касается комиссий, выплат по финансированию и прибыли/убытка (PnL). Если у вас есть как USDC, так и другие активы (например, BTC), система в первую очередь использует ваш баланс в USDC для проведения расчетов. Если USDC недостаточно, но вы держите другие активы (например, BTC), система **автоматически оформляет заём в USDC**, чтобы покрыть обязательства, вместо того чтобы продавать обеспечение. Например: если нужно заплатить 1 USDC комиссии за открытие позиции, система создаст заём на 1 USDC, **не ликвидируя BTC**. Однако, если **уровень использования лендингового пула USDC превышает допустимый порог**, или если произойдёт ликвидация при использовании не-USDC активов в качестве обеспечения, система произведёт **конвертацию обеспечения** для покрытия обязательств. Такие конвертации отображаются как **Reconciliation Conversions** во [вкладкеarrow-up-right](https://backpack.exchange/portfolio/settlements/reconciliation-conversions) **Settlements**. [PreviousТорговляchevron-left](https://support.backpack.exchange/technical-docs/ru/torgovlya) [NextСпот-маржаchevron-right](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha) Last updated 6 months ago * [Обеспечение](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya#obespechenie) * [Капитал](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya#kapital) * [Маржа](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya#marzha) * [Субаккаунты](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya#subakkaunty) * [Плечи](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya#plechi) * [Обеспечение в не-USD активах](https://support.backpack.exchange/technical-docs/ru/torgovlya/marzhinalnaya-torgovlya#obespechenie-v-ne-usd-aktivakh) --- # Utilización y Tasas de Interés | Technical Docs Documentación de Soporte | Backpack Exchange Las tasas de interés en Backpack se determinan mediante un modelo de Tasa de Utilización. Cada mercado de borrow lend tiene su propia curva de Tasa de Utilización, la cual se puede consultar en la página correspondiente de Lend. La Tasa de Utilización de un mercado muestra qué porcentaje de activos disponibles ha sido prestado. A medida que más activos son prestados, las tasas de interés aumentan. Más específicamente, **Tasa de Utilización = Total Borrowed / Total Lent** Puedes obtener una vista completa de cómo se generan las tasas de interés en Backpack. En cualquier momento, puedes monitorear lo siguiente: 1. Suministro total del pool de Lending 2. Monto total prestado 3. Tasa de Utilización actual 4. Tasas de interés proyectadas en diferentes niveles de Tasa de Utilización 5. Y más Las tasas de interés se cobran cada hora. La Tasa de Préstamo se determina exclusivamente por la curva de Tasa de Utilización. La Tasa de Lend es igual a **Tasa de Borrow \* Utilización**. La curva de Tasa de Utilización está diseñada para reducir el riesgo de alcanzar una utilización del 100%, lo que bloquearía las redenciones del pool de Lending. El sistema define un umbral óptimo de utilización donde las tasas de interés comienzan a aumentar exponencialmente. Esto hace que los préstamos sean cada vez más caros, lo que fomenta los reembolsos, mientras que también hace que el Lending sea más atractivo debido a los rendimientos más altos. Estas fuerzas del mercado trabajan juntas para reducir la tasa de utilización. Como medida de seguridad adicional, el sistema incluye un umbral de control (throttle threshold). Cuando la utilización alcanza este nivel, se pausarán todas las redenciones y nuevos préstamos. Esto da tiempo a que nuevos Lenders ingresen al mercado y a que los Borrowers tengan tiempo para devolver sus deudas. La pausa también crea un margen para redimir colaterales de cuentas que están siendo liquidadas. [PreviousBorrowingchevron-left](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/borrowing) [NextRiesgoschevron-right](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/riesgos) Last updated 8 months ago --- # Liquidación y Realización | Technical Docs Documentación de Soporte | Backpack Exchange Los futuros en Backpack se liquidan en USDC. Esto incluye comisiones, pagos de financiación y PnL. Si tienes USDC en tu cuenta, todas las liquidaciones en USDC se debitarán de tu saldo en USDC. Sin embargo, en caso de que no tengas USDC disponible en tu cuenta y por lo tanto debas esa cantidad al sistema, Backpack considera las siguientes opciones (en orden de prioridad): 1. Redimir cualquier préstamo de USDC pendiente 2. Pedir prestado USDC del pool de lending 3. Convertir colateral no-USDC en USDC Esto significa que puedes operar futuros sin tener USDC en tu cuenta. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/liquidacion-y-realizacion#liquidacion-de-pnl) Liquidación de PnL El PnL en Backpack se liquida en tiempo real. Cada 10 segundos, cualquier ganancia o pérdida no realizada se realiza sin afectar el tamaño de tu posición. Esto significa que tu saldo en USDC se actualiza continuamente a medida que tu PnL fluctúa. Este modelo de liquidación en tiempo real maximiza la eficiencia de capital. Por ejemplo, si tienes una posición con +$1,000 de ganancia no realizada y deseas utilizar esos activos (para spot, retiros, etc): * En los exchanges tradicionales, tendrías que cerrar tu posición para acceder a esos $1,000 o pedir un préstamo contra tu capital. * Con Backpack, esa ganancia de $1,000 se acredita inmediatamente a tu saldo en USDC, permitiéndote usarla para operaciones spot, abrir nuevas posiciones, retirar del exchange o prestar—todo sin reducir tu posición original. Para mejorar aún más la eficiencia de capital, si habilitas Auto Lend, todas las ganancias se prestan automáticamente en el pool de préstamos de USDC para generar rendimiento mientras tu posición sigue abierta. Lo más importante es que estos activos prestados siguen contando al 100% como parte de tu capital, lo que significa que puedes ganar rendimiento mientras usas esos fondos para mantener posiciones existentes y abrir nuevas. El mismo proceso se aplica a las pérdidas. Cuando tus posiciones en futuros experimentan pérdidas, tu saldo en USDC se debita en consecuencia. Esto funciona de manera idéntica a los modelos tradicionales de pérdidas no realizadas en términos de riesgo de liquidación, la única diferencia está en la contabilidad. En ambos modelos, las pérdidas reducen el capital de tu cuenta, lo que afecta tus cálculos de margen y umbrales de liquidación de la misma manera. Ya sea que tus pérdidas sean "no realizadas" en plataformas tradicionales o "realizadas" mediante la liquidación en tiempo real en Backpack, los mecanismos de gestión de riesgo y los parámetros de liquidación permanecen iguales. Si no tienes suficiente colateral en USDC y estás utilizando otros activos (BTC, SOL, ETH o USDT), el sistema creará automáticamente un préstamo en USDC para cubrir las pérdidas en lugar de liquidar tu colateral no-USDC. [PreviousEspecificaciones de Futuroschevron-left](https://support.backpack.exchange/technical-docs/es/trading/especificaciones-de-futuros) [NextComisioneschevron-right](https://support.backpack.exchange/technical-docs/es/trading/comisiones) Last updated 8 months ago --- # Riesgos | Technical Docs Documentación de Soporte | Backpack Exchange [hashtag](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/riesgos#incumplimiento-del-prestatario-borrower-default) Incumplimiento del Prestatario (Borrower Default) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Backpack tiene un modelo de liquidación escalonado que previene que tu cuenta quiebre. Primero, el sistema intenta liquidar las posiciones a través del libro de órdenes. Si las posiciones son demasiado grandes o si la fracción de margen de un usuario cae por debajo de su umbral de auto-cierre, la liquidación ocurre contra los Proveedores de Liquidez de Respaldo (Backstop Liquidity Providers). En el caso extremo de que los precios caigan muy rápidamente y el sistema no pueda liquidar la posición de un prestatario (borrower) a tiempo, Backpack emplea un mecanismo de auto-deleveraging (ADL) para asegurar que el prestamista (Lender) reciba el valor de su préstamo en términos nominales. Para ilustrar esto: 1. Supongamos que un prestatario (borrower) está pidiendo prestado 1 BTC de un prestamista (lender). 2. El prestatario (borrower) no tiene BTC en su cuenta. Lo retiró o lo cambió por otro activo. 3. La cuenta del prestatario (borrower) quiebra. El BTC se está negociando a $100,000.. 4. El prestamista (lender) sigue esperando su dinero. En este caso extremo, el sistema de liquidación liquidaría los activos del prestatario y pagaría $100,000 al prestamista (lender) en términos nominales, en lugar de 1 BTC.. En conclusión, el sistema de liquidación de Backpack tiene niveles de liquidez de respaldo para mantener la estabilidad del mercado y proteger a los prestamistas (lenders). En casos extremos, el mandato principal del sistema de margen es asegurarse de que el prestamista (lender) reciba el valor que prestó, ya sea en el token real o en términos nominales en USD en el momento de la liquidación. [hashtag](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/riesgos#utilizacion-del-100) Utilización del 100% ------------------------------------------------------------------------------------------------------------------------------------ Cuando un mercado alcanza una utilización del 100%, los activos prestados no pueden ser redimidos. Esto crea un riesgo potencial, ya que Backpack permite que los activos prestados se utilicen como colateral. Si un usuario con colateral prestado enfrenta una liquidación, pero sus activos no pueden ser redimidos debido a la utilización total, Backpack emplea un mecanismo de Auto-Deleveraging (ADL). El proceso de ADL funciona de la siguiente manera: 1. Un usuario con activos prestados como colateral provoca la liquidación debido a la pérdida de posiciones. 2. La utilización del mercado alcanza el 100%, impidiendo las redenciones de préstamos. 3. El motor de liquidación se activa, pero no puede redimir los activos del prestamista. 4. El sistema empareja al prestamista (lender) con prestatarios (borrowers) que tienen colateral disponible (cada préstamo está colateralizado). 5. Se transfiere una cantidad en términos nominales de USDC no mayor que el tamaño del préstamo original desde el prestatario (borrower) hacia la cuenta del prestamista (lender) para su liquidación. 6. El préstamo ahora está cerrado. El prestamista (lender) ha sido liquidado con éxito. El colateral del prestatario (borrower) puede haber sido convertido a un activo diferente al originalmente prestado, pero el valor de su cuenta permanece sin cambios. [PreviousUtilización y Tasas de Interéschevron-left](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/utilizacion-y-tasas-de-interes) Last updated 8 months ago * [Incumplimiento del Prestatario (Borrower Default)](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/riesgos#incumplimiento-del-prestatario-borrower-default) * [Utilización del 100%](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/riesgos#utilizacion-del-100) --- # Margen Spot | Technical Docs Documentación de Soporte | Backpack Exchange Backpack ofrece un producto de trading con Margen Spot que te permite tomar posiciones en largo o en corto en activos spot más allá del saldo actual en tu billetera. Detrás de escena, este sistema aprovecha el motor de liquidaciones en tiempo real de Backpack y el mercado transparente de borrow y lending para habilitar operaciones spot con alta eficiencia de capital. Todas las posiciones de margen spot en Backpack acceden a los mismos pools de lending y están sujetas a los mismos requisitos de margen y procesos de liquidación que rigen el marco general de borrow y lending. Esto garantiza que: * Puedes tomar prestados automáticamente los activos necesarios para completar una operación spot. * Los prestatarios (borrowers) siempre estén suficientemente colateralizados, y la plataforma liquidará las posiciones si es necesario.. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#habilitacion-de-margen-spot) Habilitación de Margen Spot Antes de realizar una operación con margen, debes asegurarte de que el Trading con Margen esté habilitado en la configuración de la subcuenta. Con la opción Auto Lend activada, puedes operar con margen spot sin necesidad de generar préstamos manuales: Backpack tomará prestado automáticamente para ti cada vez que operes por encima de tu saldo spot. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#trading-con-margen) Trading con Margen El Margen Spot te permite comprar o vender un activo por un monto superior a tu saldo disponible, creando automáticamente un préstamo por la diferencia (o retirando el activo prestado si deseas transferirlo fuera del exchange). #### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#ejemplo) Ejemplo: 1. Activa el recuadro de Margen en el formulario de órdenes. 2. Coloca una orden de compra o venta del activo deseado en el mercado spot. 3. Si vendes más de lo que tienes (venta en corto) o compras más de lo que tu saldo puede cubrir, el sistema tomará prestado para ti. _Ejemplo:_ * Tienes 1,000 USDC pero deseas comprar SOL por valor de 2,000 USDC. * Al marcar la casilla de “Margen", Backpack toma prestados automáticamente los 1,000 USDC adicionales y completa tu compra spot. * Ahora tienes una posición larga en SOL financiada parcialmente con un préstamo. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#reembolso-pago-de-operaciones-con-margen) **Reembolso/Pago de Operaciones con Margen** Cuando debes un activo como resultado de un préstamo en margen spot, puedes reembolsarlo de las siguientes maneras: 1. **Reembolso Automático con Auto Lend** * Si Auto Lend está activado, cualquier activo correspondiente que adquieras en tu subcuenta (mediante depósitos, operaciones o conversiones) se utilizará de forma automática para pagar tu deuda. 1. **Margen Spot** * Simplemente recompra el activo que debes. Por ejemplo, si estás en corto 10 SOL, al colocar una orden de COMPRA con margen habilitado por 10 SOL, se reembolsará automáticamente tu deuda en SOL. 1. **Reembolso Manual** * Si Auto Lend está desactivado, ve a la pestaña de Borrow (o al modal de Borrow) y haz clic en Reembolsar. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#requerimientos-de-margen-and-colateral) Requerimientos de Margen & Colateral El Margen Spot en Backpack utiliza el mismo sistema de margen cruzado que el resto del exchange, lo que significa que: * El colateral se calcula a partir de todos los activos en tu subcuenta, cada uno con su propio "recorte" (peso de colateral). * El Margen de Mantenimiento se supervisa en tiempo real. Si tu fracción de margen (colateral vs. posiciones abiertas) cae por debajo del umbral requerido, se activa la liquidación. ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#puntos-claves) Puntos Claves 1. **Margin Inicial :** Es el colateral que necesitas para abrir una posición. 2. **Margin de Mantenimiento:** Es el colateral requerido para mantener esa posición abierta sin ser liquidado. 3. **Tamaño de la Posición:** En margen spot, tus balances en corto o por encima de tu saldo disponible se contabilizan como parte de tu exposición total. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#por-que-no-siempre-puedes-usar-todo-el-apalancamiento) Por Qué No Siempre Puedes Usar Todo el Apalancamiento El tamaño máximo de tu posición depende de varios factores: * Recortes del Colateral (Haircuts) (algunos activos cuentan menos como colateral debido a su alta volatilidad) * Liquidez en el Pool de Borrowing (debe haber suficiente oferta disponible para que puedas tomar prestado) * Capital Disponible en tu subcuenta Esto significa que no es tan simple como hacer el cálculo "balance × apalancamiento máximo". **Ejemplo** Supongamos que tienes 100 USDC en tu subcuenta y el sistema permite un apalancamiento máximo de 10×. Teóricamente, podrías pensar que puedes comprar $1,000 en SOL. * El USDC se considera colateral de alta calidad (con un recorte mínimo). * El SOL puede tener un peso de colateral menor (un recorte) debido a su mayor volatilidad. * Cuando intercambias USDC por SOL, la composición de tu colateral cambia de “colateral estable” a “colateral más riesgoso”. Como resultado, el motor de márgenes puede limitar tu posición final a, por ejemplo, $800 en SOL, para asegurarse de que mantengas suficiente colateral estable que cubra posibles fluctuaciones en el precio de SOL. [Para más detalles, consulta la sección de Margenarrow-up-right](https://support.backpack.exchange/technical-docs/trading/margin) . * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#utilizacion-and-tasas-de-interes) Utilización & Tasas de Interés El préstamo (borrowing) en margen spot se basa en el mismo marco de borrow & Lending que los borrows manuales estándar. Esto significa que: * **Tasa de Utilización** \= Total prestado (Borrowed) / Total Fondeado (Lent). * **Tasa de Borrow:** Determinada por la Curva de Utilización del mercado. A mayor utilización, mayores costos de préstamo. * **Tasa de Lend:** Equivale a la Tasa de Borrow × Utilización. Los fondeadores (Lenders) obtienen mayor rendimiento a medida que aumenta la utilización del pool. Dado que el margen spot accede al mismo pool, tu préstamo estará sujeto a cargos de interés por hora, tal como se detalla en la documentación de Borrow & Lending. Puedes consultar en tiempo real la utilización y las tasas de interés en la página lend de cada activo. [Para más detalles, revisa la sección de Borrow & Lend.arrow-up-right](https://support.backpack.exchange/technical-docs/borrow-and-lend) [PreviousMargenchevron-left](https://support.backpack.exchange/technical-docs/es/trading/margen) [NextEspecificaciones de Futuroschevron-right](https://support.backpack.exchange/technical-docs/es/trading/especificaciones-de-futuros) Last updated 8 months ago * [Habilitación de Margen Spot](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#habilitacion-de-margen-spot) * [Trading con Margen](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#trading-con-margen) * [Reembolso/Pago de Operaciones con Margen](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#reembolso-pago-de-operaciones-con-margen) * [Requerimientos de Margen & Colateral](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#requerimientos-de-margen-and-colateral) * [Puntos Claves](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#puntos-claves) * [Por Qué No Siempre Puedes Usar Todo el Apalancamiento](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#por-que-no-siempre-puedes-usar-todo-el-apalancamiento) * [Utilización & Tasas de Interés](https://support.backpack.exchange/technical-docs/es/trading/margen-spot#utilizacion-and-tasas-de-interes) --- # Comisiones | Technical Docs Documentación de Soporte | Backpack Exchange En Backpack Exchange, nuestro compromiso con ofrecer una estructura de comisiones transparente y competitiva es fundamental. Las tablas a continuación detallan los niveles de comisiones para Trading Spot y Futuros Perpetuos durante el lanzamiento de nuestra **Beta Pública**, permitiendo a los traders identificar fácilmente las comisiones asociadas con su volumen de operaciones. * ‍[**Visita Backpack Exchange hoy.**arrow-up-right](https://download.backpack.exchange/BQcg/bu8071n9) Es posible que estas comisiones cambien para la siguiente fase del lanzamiento y publicaremos las comisiones actualizadas aquí con antelación. **\*SUJETO A CAMBIOS\*** * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/comisiones#comisiones-de-trading-en-backpack-exchange) **Comisiones de Trading en Backpack Exchange** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcontent.gitbook.com%2Fcontent%2Fgxm6wqKdwI9k6QX9UUL2%2Fblobs%2FbTRaQSzOUz11NqITRF7I%2FBackpack%2520Exchange%2520Fee%2520Structure.png&width=768&dpr=4&quality=100&sign=b46696eb&sv=2) * * * Los holders de Mad Lads que conecten su Backpack Wallet con el NFT a Backpack Exchange calificarán automáticamente para las comisiones de trading del VIP Nivel 1. El programa VIP de Mad Lads está disponible tanto para Spot como para Futuros Perpetuos. [Consulta los detalles del programa VIP de Mad Lads aquí.arrow-up-right](https://support.backpack.exchange/en/articles/1974529) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/comisiones#que-son-las-comisiones-de-maker-y-taker) **¿Qué son las Comisiones de Maker y Taker?** * **Comisión de Maker**: Un "maker" es alguien que coloca una orden límite que agrega liquidez al mercado. Esto significa que la orden no se llena inmediatamente, sino que espera a que llegue una orden coincidente (compra o venta opuesta). La comisión incurrida por este tipo de órdenes se llama comisión maker. Los makers generalmente pagan una comisión más baja, ya que contribuyen a la liquidez del mercado. ‍ * **Comisión de Taker**: Un "taker" es alguien que coloca una orden que coincide inmediatamente con una orden existente en el libro de órdenes. Esto retira liquidez del mercado. La comisión por este tipo de órdenes se llama comisión taker. Los takers generalmente pagan una comisión un poco más alta debido a la naturaleza inmediata de sus operaciones. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/comisiones#como-funcionan-los-niveles-de-comision) ¿Cómo Funcionan los Niveles de Comisión? ¡Cuanto más operes, más ahorras! Nuestra estructura de comisiones está diseñada para recompensar a los traders de alto volumen con comisiones reducidas. A medida que tu volumen de operaciones en 30 días aumenta, asciendes a niveles más altos y tus comisiones aplicables disminuyen. Tanto las comisiones de maker como de taker disminuyen a medida que te mueves a un nivel superior, lo que te permite una experiencia de trading más rentable. Consulta la tabla proporcionada para ver la estructura de comisiones en diferentes niveles y los requisitos de volumen de 30 días correspondientes. Nuestro objetivo es ofrecerte una experiencia de trading fluida con una comprensión clara de los costos asociados. [PreviousLiquidación y Realizaciónchevron-left](https://support.backpack.exchange/technical-docs/es/trading/liquidacion-y-realizacion) [NextBorrow & Lendchevron-right](https://support.backpack.exchange/technical-docs/es/borrow-and-lend) Last updated 8 months ago * [Comisiones de Trading en Backpack Exchange](https://support.backpack.exchange/technical-docs/es/trading/comisiones#comisiones-de-trading-en-backpack-exchange) * [¿Qué son las Comisiones de Maker y Taker?](https://support.backpack.exchange/technical-docs/es/trading/comisiones#que-son-las-comisiones-de-maker-y-taker) * [¿Cómo Funcionan los Niveles de Comisión?](https://support.backpack.exchange/technical-docs/es/trading/comisiones#como-funcionan-los-niveles-de-comision) --- # Lending | Technical Docs Documentación de Soporte | Backpack Exchange Puedes comenzar a prestar en Backpack de dos maneras: [hashtag](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/lending#metodo-1-lending-manual) **Método # 1 - Lending Manual** --------------------------------------------------------------------------------------------------------------------------------------------------- Presta tus activos manualmente a través de la página de Lend o el modal de Lend. Los intereses generados por tus préstamos se añaden automáticamente a tu saldo y se capitalizan. [hashtag](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/lending#metodo-2-auto-lend) **Método # 2 - Auto Lend** ----------------------------------------------------------------------------------------------------------------------------------------- Auto Lend es una configuración de subcuenta que presta automáticamente todos los activos disponibles en una subcuenta al pool de lending. Cuando se habilita el modo Auto Lend, puedes comenzar a prestar de forma fluida depositando activos en tu subcuenta o comprando un activo que sea elegible para ser prestado. [hashtag](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/lending#redencion) **Redención** ------------------------------------------------------------------------------------------------------------------- Para ofrecer la experiencia de usuario más fluida y flexible, todos los préstamos se redimen automáticamente hasta el máximo posible (consulta la nota a continuación) para el usuario, independientemente de si Auto Lend está habilitado o deshabilitado. Puedes redimir tus activos de las siguientes maneras: 1. **Trading Spot** - los préstamos se redimirán automáticamente para cubrir cualquier operación spot. Por ejemplo, si estás prestando USDC y deseas comprar BTC, tu USDC será redimido automáticamente del pool de lending para cubrir la operación. 2. **Retiros** \- también puedes retirar tus activos prestados sin necesidad de redimirlos manualmente. Al momento del retiro, Backpack redimirá tus préstamos del pool de lending y procesará el retiro. 3. **Redención Manual** - si ya no deseas prestar, pero no necesitas realizar una operación o retirar los fondos, simplemente puedes redimir tus activos manualmente desde la página Lend o el modal de Lend (solo si Auto Lend no está habilitado). **Important:** Puedes redimir tus préstamos siempre que la tasa de utilización para ese activo lo permita. Para evitar que la tasa de utilización alcance el 100%, Backpack implementa un umbral de control (throttling threshold), en el cual no se puede redimir ningún préstamo ni realizar nuevos préstamos hasta que la tasa de utilización baje de ese umbral (mediante más préstamos o más personas que devuelvan sus préstamos). Más detalles sobre esto a continuación. [PreviousBorrow & Lendchevron-left](https://support.backpack.exchange/technical-docs/es/borrow-and-lend) [NextBorrowingchevron-right](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/borrowing) Last updated 8 months ago * [Método # 1 - Lending Manual](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/lending#metodo-1-lending-manual) * [Método # 2 - Auto Lend](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/lending#metodo-2-auto-lend) * [Redención](https://support.backpack.exchange/technical-docs/es/borrow-and-lend/lending#redencion) --- # 欢迎 | Technical Docs 中文交易文档 | Backpack Exchange [Backpack 交易所arrow-up-right](https://backpack.exchange/) 是一家全球合规的加密货币交易所，致力于打造一款创新、易用且符合法规的交易平台。 Backpack 依托强大的实时风险管理系统，交易引擎会自动将所有用户资产整合至一个统一的全仓账户，同时支持自动借贷功能。这种设计使得所有规模的交易者都能使用其他平台通常仅面向机构用户提供的高级交易工具。 * **覆盖150+国家** * **完成500亿+ 笔交易** * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn#wan-wu-sheng-xi) 万物生息 #### [hashtag](https://support.backpack.exchange/technical-docs/cn#zi-dong-jie-dai-jia-gou) 自动借贷架构 当您开启“自动借贷”功能后，所有已存入的资产都会自动加入平台的出借池，为您持续产生收益。这些资产仍然具备保证金资格，您无需额外管理独立的“理财”账户，避免了资产分隔带来的操作摩擦。 #### [hashtag](https://support.backpack.exchange/technical-docs/cn#wei-shi-xian-shou-yi-ye-ke-sheng-xi) 未实现收益也可生息 即便是持仓中的未实现盈亏（PnL），也会被纳入您的总抵押资产范围，并持续产生收益，直到仓位平仓。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn#zhuan-quewai-shou-yi) 赚取额外收益 启用“自动出借”功能后，您的 SOL 将自动质押，赚取来自 Backpack 验证节点的链上额外奖励，收益将每周发放。 同样，USD 存入后将转换为 Backpack USD，按月获得稳定币池带来的额外收益。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn#wen-ding-biewai-shou-yi) 稳定币额外收益 出借符合条件的稳定币（如 USD），即可在基础出借利率之上叠加额外年化收益（APY）。这部分收益来自稳定币资产组合所带来的国债收益，并按月发放。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn#solewai-chu-jie-jiang-li) SOL额外出借奖励 您出借的 SOL 现可额外获得原生质押收益。Backpack 交易所将自有 SOL 进行质押，并将全部质押回报返还给出借用户。您的 SOL 不仅可以用于保证金，还能让您被动享受质押奖励。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn#chu-jie-zi-chan-ke-yong-zuo-bao-zheng-jin) 出借资产可用作保证金 您出借的任何资产均可作为保证金，用于开启新的交易仓位，从而进一步提升资金使用效率。 Backpack 的收益系统与交易所的核心风险引擎深度集成，确保您在赚取利息的同时，始终保持全额抵押价值。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn#quan-mian-ti-sheng-zi-jin-xiao-l) 全面提升资金效率 #### [hashtag](https://support.backpack.exchange/technical-docs/cn#ji-gou-ji-gong-ju-mian-xiang-suo-you-yong-hu-kai-fang) 机构级工具，面向所有用户开放 Backpack 的风险引擎、全仓模式和自动出借功能，旨在为每位用户提供其他交易所通常仅限VIP等级用户使用的资金效率。 #### [hashtag](https://support.backpack.exchange/technical-docs/cn#wu-men-kan-xian-zhi) 无门槛限制 低等级用户不会受到更苛刻的保证金要求，也不会被限制使用高级产品。我们专注于打造包容性设计，真正实现公平竞争环境。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn#ling-huo-de-jie-suan-ji-zhi) 灵活的结算机制 #### [hashtag](https://support.backpack.exchange/technical-docs/cn#chi-xu-jie-suan) 持续结算 当您开启“自动结算盈亏”功能后，Backpack 的结算引擎支持滚动式部分结算，让您无需平仓也能提前锁定部分浮盈或浮亏。 #### [hashtag](https://support.backpack.exchange/technical-docs/cn#zi-shi-ying-ce-le-ding-zhi) 自适应策略定制 这一持续结算机制对对冲、高频套利或复杂多腿策略用户尤其实用。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn#ju-bei-jing-zheng-li-de-fei-l) 具备竞争力的费率 #### [hashtag](https://support.backpack.exchange/technical-docs/cn#yu-ding-ji-jiao-yi-suo-bao-chi-yi-zhi) 与顶级交易所保持一致 Backpack 的费率结构与市场上成本最低的平台相当。 * * * 我们从零开始构建了这套系统，并将其命名为生息永续——它将永续合约交易与借贷市场深度融合，让您的保证金资产持续高效运作。 有30秒时间？快来看看我们的生息永续快速演示视频： [Next导航指南chevron-right](https://support.backpack.exchange/technical-docs/cn/dao-hang-zhi-nan) Last updated 1 month ago * [万物生息](https://support.backpack.exchange/technical-docs/cn#wan-wu-sheng-xi) * [赚取额外收益](https://support.backpack.exchange/technical-docs/cn#zhuan-quewai-shou-yi) * [稳定币额外收益](https://support.backpack.exchange/technical-docs/cn#wen-ding-biewai-shou-yi) * [SOL额外出借奖励](https://support.backpack.exchange/technical-docs/cn#solewai-chu-jie-jiang-li) * [出借资产可用作保证金](https://support.backpack.exchange/technical-docs/cn#chu-jie-zi-chan-ke-yong-zuo-bao-zheng-jin) * [全面提升资金效率](https://support.backpack.exchange/technical-docs/cn#quan-mian-ti-sheng-zi-jin-xiao-l) * [灵活的结算机制](https://support.backpack.exchange/technical-docs/cn#ling-huo-de-jie-suan-ji-zhi) * [具备竞争力的费率](https://support.backpack.exchange/technical-docs/cn#ju-bei-jing-zheng-li-de-fei-l) --- # Расчеты и реализация | Technical Docs Техническая документация | Backpack Exchange Фьючерсы на Backpack рассчитываются в USDC. Это включает комиссии, выплаты по финансированию и PnL. Если у вас есть USDC на аккаунте, все расчёты в USDC будут списываться с вашего баланса. Однако, если на аккаунте нет доступного USDC и вы должны системе, Backpack рассматривает следующие варианты (в порядке приоритета): 1. _Выкупить любые ранее размещённые в лендинг USDC_ 2. _Оформить заём USDC из пула заимствований_ 3. _Конвертировать не-USDC обеспечение в USDC_ Это означает, что вы можете торговать фьючерсами, даже не имея USDC на счёте. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/raschety-i-realizaciya#raschet-pnl) Расчет PnL PnL на Backpack рассчитывается в реальном времени. Каждые 10 секунд нереализованная прибыль или убыток фиксируется без изменения размера позиции. Это означает, что ваш USDC баланс непрерывно пополняется или уменьшается в зависимости от колебаний PnL. Модель расчётов в реальном времени максимизирует эффективность капитала. Например, если у вас открыта позиция с +$1,000 нереализованной прибыли и вы хотите использовать эти средства (для спота, вывода и т.д.): На традиционных биржах вы должны были бы закрыть позицию или взять заём под увеличенную обеспеченность. С Backpack эти $1,000 немедленно зачисляются на ваш USDC баланс, позволяя вам использовать их для спотовой торговли, открытия новых позиций, вывода с биржи или размещения в лендинг — при этом вы не уменьшаете изначальную позицию. Для ещё большей эффективности капитала, если вы включаете Auto Lend, вся прибыль автоматически размещается в лендинговом пуле USDC и приносит доход, пока позиция остаётся открытой. Важно, что эти активы по-прежнему на 100% учитываются в вашей Equity, что позволяет одновременно зарабатывать и использовать средства для поддержки текущих и открытия новых позиций. Тот же процесс применяется к убыткам. Когда ваша фьючерсная позиция убыточна, ваш баланс в USDC уменьшается соответствующим образом. Это работает аналогично традиционной модели нереализованных убытков с точки зрения риска ликвидации — различие только в бухгалтерском учёте. В обеих моделях убытки уменьшают вашу Equity, что влияет на расчёты маржи и уровни ликвидации одинаково. Независимо от того, являются ли убытки "нереализованными" на традиционных платформах или "реализованными" через модель расчёта в реальном времени на Backpack, механизмы управления рисками и параметры ликвидации остаются неизменными. Если у вас недостаточно обеспечения в USDC и вы используете другие активы (BTC, SOL, ETH или USDT), система автоматически создаст заём в USDC для покрытия убытков вместо ликвидации не-USDC обеспечения. [PreviousСпецификации фьючерсовchevron-left](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov) [NextКомиссииchevron-right](https://support.backpack.exchange/technical-docs/ru/torgovlya/komissii) Last updated 1 month ago --- # Margen | Technical Docs Documentación de Soporte | Backpack Exchange Backpack utiliza un modelo de margen cruzado y multi moneda, diseñado para maximizar la eficiencia del capital. A diferencia de otros exchanges que obligan a segregar tus balances en billeteras separadas (spot, futuros, margen, earn, etc.), Backpack ofrece una única billetera de margen cruzado que puedes utilizar para operar con todos los productos. Si prefieres aislar el riesgo, puedes crear fácilmente una nueva subcuenta, la cual estará completamente separada de tus otras subcuentas. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcontent.gitbook.com%2Fcontent%2Fgxm6wqKdwI9k6QX9UUL2%2Fblobs%2F3kGhU57Ei0NI1ZeGM5N5%2Fimage.png&width=768&dpr=4&quality=100&sign=2901cb87&sv=2) Puedes usar una variedad de activos no denominados en USD como colateral, los cuales se suman al capital neto de tu cuenta para abrir y mantener posiciones en futuros o préstamos. Para ofrecer el más alto nivel de eficiencia de capital entre todos los exchanges centralizados, Backpack te permite usar el 100% de los activos prestados como colateral, lo que les permite generar rendimiento incluso mientras se utilizan para mantener posiciones. Además, las ganancias no realizadas se reinvierten automáticamente en el pool de préstamos, donde también generan rendimiento, aportando aún más eficiencia de capital. Aquí tienes un video breve que muestra cómo funciona: * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen#colateral) Colateral El colateral en Backpack se calcula en términos de USD. Los activos que son elegibles como colateral reciben un Valor de Colateral, el cual contribuye a tu Capital Neta. El Valor de Colateral se calcula de la siguiente manera: _**Cantidad del token \* Precio de Referencia (Mark Price) \* Peso**_ Cada activo colateral tiene un Peso de Colateral por defecto, también conocido como recorte (haircut). El peso de un activo puede disminuir dependiendo del tamaño del colateral para ajustar el riesgo y el tiempo necesario para su liquidación. La curva del Valor de Colateral para cada uno de tus activos puede consultarse en la página de Estados de Cuenta (Statements). Aquí tienes un ejemplo que ilustra cómo se calcula el Valor de Colateral (ten en cuenta que los valores de recorte mostrados no son exactos. Consulta la página de Estados de Cuenta para ver los pesos reales): Como se ilustra arriba, aunque este usuario tiene $120,000 en activos, su Colateral Total de Cuenta (es decir, la suma del Valor de Colateral de todos sus activos) es de $116,300. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen#capital) Capital #### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen#capital-neto) Capital Neto El capital representa el valor ajustado por riesgo de tu cuenta, y puede utilizarse para mantener posiciones en futuros y préstamos. También se conoce como tu Balance de Margen. El Capital Neto se calcula de la siguiente forma = _**Colateral Total de la Cuenta + Total de PnL No Realizado + Saldos No Liquidados - Obligación Total en Préstamos**_ Puedes consultar todos estos valores y un desglose completo del capital de tu cuenta en la página de [Estados de Cuentaarrow-up-right](https://backpack.exchange/portfolio/balances/statements) . #### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen#capital-disponible) Capital Disponible El Capital Disponible es el capital que puedes utilizar para abrir nuevas posiciones u órdenes. Se Calcula como _**Capital Neto - Capital Bloqueado**_, donde el Capital Bloqueado representa el margen comprometido en posiciones abiertas y órdenes que incrementan tu exposición. Para maximizar la eficiencia, tus ganancias no realizadas también se contabilizan como parte del Capital Disponible. ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen#margen) Margen El Margen de tu Cuenta (también conocido como la Salud del Margen) puede evaluarse utilizando los siguientes dos indicadores: **1) Tasa de Margen Inicial** / **Initial Margin Rate (IMR)** - este indicador muestra cuánto Capital Disponible queda para abrir nuevas posiciones. Una vez que el IMR alcanza el 100%, no se pueden abrir nuevas posiciones que incrementen el riesgo. IMR = _**Margen Total Inicial / Capital Neto**_ Puedes ver tu Balance de Margen Inicial (es decir, cuánto margen inicial se está utilizando en todas tus posiciones) en la sección Resumen de Margen en la página de trading, al pasar el cursor sobre el porcentaje de Margen Inicial. Como regla general, el margen inicial requerido para abrir una nueva posición se calcula así: _**Margen Inicial = Valor Nominal de la Posición / Apalacanmiento Máximo de la Cuenta**_ Por ejemplo, si tu apalancamiento máximo es 10x y deseas abrir una posición de $10,000, tu margen inicial será de $1,000. Sin embargo, ten en cuenta que, al igual que con el Valor de Colateral, a medida que aumenta el tamaño de la posición, el requerimiento de margen inicial también puede aumentar para ajustarse al riesgo. Además, los requerimientos de margen pueden variar según el mercado. Por ejemplo, si la Fracción de Margen Inicial (IMF) base para un mercado es 0.20, el margen inicial requerido será del 20% del tamaño de la posición (ignorando tamaños grandes), incluso si el apalancamiento máximo es de 10x. Para consultar los requisitos de margen de un mercado específico, revisa la pestaña Margen en la página de trading. Para ver cuánto margen requiere una nueva posición antes de enviar una orden, puedes consultar el valor de Margen Requerido al colocarla. Para ver cuánto margen está utilizando una posición existente, revisa la columna Margen Inicial en la pestaña de Posiciones. **2) Tasa de Margen de Mantenimiento** **/** **Maintenance Margin Rate (MMR)** - Este indicador muestra qué tan cerca está tu cuenta de ser liquidada. Cuando el MMR alcanza el 100%, tu cuenta comenzará a ser liquidada. MMR = _**Margen de Mantenimiento Total / Capital Neto**_ Como regla general, la Fracción de Margen de Mantenimiento (MMF) parte del 5%. Sin embargo, al igual que con el Margen Inicial, los requisitos de margen de mantenimiento pueden aumentar dependiendo del tamaño de tu posición y también pueden variar según el mercado. Para ver tu Margen de Mantenimiento (es decir, el margen de mantenimiento total utilizado en todas tus posiciones), pasa el cursor sobre el porcentaje correspondiente en la sección Resumen de Margen en la página de trading. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen#subcuentas) Subcuentas El modelo de margen de Backpack está centrado en las subcuentas. Cada subcuenta es de margen cruzado, multimoneda, y tiene acceso a todos los productos (spot, futuros, margen spot, borrow y lending). Para ilustrar la simplicidad de este modelo: si depositas USDC y BTC, tu Capital Neto aumenta y puedes empezar a operar con todos los productos de inmediato, sin necesidad de realizar pasos adicionales. No es necesario mover activos entre billeteras para comenzar a operar. Además, **las subcuentas están completamente separadas entre sí**. Esto significa que los fondos en una subcuenta no están expuestos al riesgo de liquidación de otra subcuenta. Los balances y el riesgo están completamente aislados a nivel de subcuenta, lo que te permite ejecutar diferentes estrategias y decidir cuántos activos deseas poner en riesgo. Si prefieres operar con Margen Aislado, puedes abrir una posición en una subcuenta diferente y aislada. Puedes crear hasta un máximo de 10 subcuentas y transferir fondos entre ellas con facilidad. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcontent.gitbook.com%2Fcontent%2Fgxm6wqKdwI9k6QX9UUL2%2Fblobs%2FJhzoCaH5lQ0JwzxgkMfI%2Fimage.png&width=768&dpr=4&quality=100&sign=2e3f60ac&sv=2) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen#apalancamiento) Apalancamiento El apalancamiento máximo en Backpack se configura a nivel de subcuenta. Puedes definir cuánto riesgo deseas asumir en una subcuenta específica para todas tus posiciones, ajustando el Apalancamiento Máximo de la Cuenta dentro de esa subcuenta. Cuando modificas tu apalancamiento máximo, el margen inicial utilizado por las posiciones abiertas y las órdenes futuras también se ajustará. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/es/trading/margen#colateral-no-denominado-en-usd) Colateral No Denominado en USD Los futuros en Backpack se liquidan en USDC. Esto incluye comisiones, pagos de financiación y PnL. Si tienes tanto USDC como colateral en otras monedas (por ejemplo, BTC), el sistema utilizará tu saldo en USDC para cubrir estas liquidaciones. Cuando no tienes suficiente USDC pero sí otros activos como BTC, el sistema crea automáticamente un préstamo en USDC para cubrir los pagos de liquidación, en lugar de vender el colateral. Por ejemplo, si necesitas cubrir una comisión de 1 USDC para abrir una posición, el sistema genera un préstamo de 1 USDC en lugar de liquidar tu BTC. En caso de que la tasa de utilización del mercado de lending en USDC supere el umbral de control (throttle threshold), o si eres liquidado mientras usas activos no-USDC como colateral, tu colateral será convertido para cubrir los pagos de liquidación. Estas conversiones aparecerán como Conversiones de Reconciliación en la [pestaña Liquidacionesarrow-up-right](https://backpack.exchange/portfolio/settlements/reconciliation-conversions) . [PreviousTradingchevron-left](https://support.backpack.exchange/technical-docs/es/trading) [NextMargen Spotchevron-right](https://support.backpack.exchange/technical-docs/es/trading/margen-spot) Last updated 8 months ago * [Colateral](https://support.backpack.exchange/technical-docs/es/trading/margen#colateral) * [Capital](https://support.backpack.exchange/technical-docs/es/trading/margen#capital) * [Margen](https://support.backpack.exchange/technical-docs/es/trading/margen#margen) * [Subcuentas](https://support.backpack.exchange/technical-docs/es/trading/margen#subcuentas) * [Apalancamiento](https://support.backpack.exchange/technical-docs/es/trading/margen#apalancamiento) * [Colateral No Denominado en USD](https://support.backpack.exchange/technical-docs/es/trading/margen#colateral-no-denominado-en-usd) --- # 导航指南 | Technical Docs 中文交易文档 | Backpack Exchange 要在 Backpack 交易所进行交易，您需要创建账户、完成身份验证，并通过法币充值或加密货币充值为账户注资。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/dao-hang-zhi-nan#chuang-jian-zhang-hu-bing-wan-cheng-shen-fen-yan-zheng) 创建账户并完成身份验证 访问 [backpack.exchangearrow-up-right](https://backpack.exchange/) 注册新账户。 验证您的邮箱后，完成 KYC（了解您的客户）身份验证流程。 详细操作指南请参考： * [个人账户身份验证arrow-up-right](https://support.backpack.exchange/articles/verify-individual-account-identity-backpack-exchange) * [机构和企业账户身份验证arrow-up-right](https://support.backpack.exchange/articles/verify-institutional-and-business-account-identity) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/dao-hang-zhi-nan#chong-zhi-fa-bi-huo-jia-mi-huo-bi-zi-chan) 充值法币或加密货币资产 完成 KYC 认证后，您可以通过法币充值（银行转账、信用卡/借记卡）或直接存入加密货币为钱包注资。 打开“充值”菜单即可查看以上两种选项。 * [通过 Backpack 钱包充值加密货币arrow-up-right](https://support.backpack.exchange/articles/deposit-crypto-on-backpack-exchange-wallet-via-backpack-wallet-browser) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/dao-hang-zhi-nan#kai-shi-zai-backpack-jiao-yi-suo-jiao-yi) 开始在 Backpack 交易所交易 现货市场、现货杠杆、永续合约和 Safe 多签钱包功能均面向 Backpack 用户开放。详细操作指南和更多产品信息，请访问[Backpack 帮助中心arrow-up-right](https://support.backpack.exchange/) 。 * 您可以通过 [Discordarrow-up-right](https://discord.gg/backpack) 联系客服，或发送邮件至：[\[email protected\]envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#9cefe9ececf3eee8dcfefdfff7ecfdfff7b2f9e4fff4fdf2fbf9) [Previous欢迎chevron-left](https://support.backpack.exchange/technical-docs/cn) [Next交易chevron-right](https://support.backpack.exchange/technical-docs/cn/jiao-yi) Last updated 10 months ago * [创建账户并完成身份验证](https://support.backpack.exchange/technical-docs/cn/dao-hang-zhi-nan#chuang-jian-zhang-hu-bing-wan-cheng-shen-fen-yan-zheng) * [充值法币或加密货币资产](https://support.backpack.exchange/technical-docs/cn/dao-hang-zhi-nan#chong-zhi-fa-bi-huo-jia-mi-huo-bi-zi-chan) * [开始在 Backpack 交易所交易](https://support.backpack.exchange/technical-docs/cn/dao-hang-zhi-nan#kai-shi-zai-backpack-jiao-yi-suo-jiao-yi) --- # 交易 | Technical Docs 中文交易文档 | Backpack Exchange [杠杆chevron-right](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan) [现货杠杆chevron-right](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan) [合约规则chevron-right](https://support.backpack.exchange/technical-docs/cn/jiao-yi/he-yue-gui-ze) [结算与盈亏实现chevron-right](https://support.backpack.exchange/technical-docs/cn/jiao-yi/jie-suan-yu-ying-kui-shi-xian) [费率chevron-right](https://support.backpack.exchange/technical-docs/cn/jiao-yi/fei-l) [Previous导航指南chevron-left](https://support.backpack.exchange/technical-docs/cn/dao-hang-zhi-nan) [Next杠杆chevron-right](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan) --- # Начните Здесь | Справочные материалы | Backpack Exchange **Ознакомьтесь с нашими статьями справочного центра** Ниже вы найдете подробные материалы для самостоятельного решения различных вопросов. Если вам требуется помощь, не стесняйтесь обращаться к нашей команде напрямую: * **Поддержка по электронной почте**: [\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) * **Онлайн-чат**: Используйте всплывающее окно чата в правом нижнем углу экрана. * **Поддержка от сообщества в Discord**: [https://discord.gg/backpackarrow-up-right](https://discord.gg/backpack) . [NextПриложенияchevron-right](https://support.backpack.exchange/support-docs/ru/nachnite-zdes/prilozheniya) Last updated 8 days ago --- # 结算与盈亏实现 | Technical Docs 中文交易文档 | Backpack Exchange Backpack 合约采用 USDC 结算，包括手续费、资金费率支付和盈亏。 如果您的账户中有 USDC，则所有 USDC 结算款项将从您的 USDC 余额中扣除。然而，如果您的账户中没有可用的 USDC，因而欠系统 USDC，Backpack 将按照以下顺序处理： 1. 赎回 任何未偿还的 USDC 出借资产 2. 从借贷池 借入 USDC 3. 将非 USDC 抵押资产 转换为 USDC 这意味着，即使您的账户中没有 USDC，也可以进行合约交易。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/jie-suan-yu-ying-kui-shi-xian#ying-kui-jie-suan) 盈亏结算 Backpack 采用 实时盈亏结算 机制。每 10 秒，所有未实现盈亏（Unrealized PnL）都会被实现，而不会影响您的持仓规模。这意味着，您的 USDC 余额将随着盈亏的变化持续增加或减少。 实时结算模式提升了资金效率。 例如，假设您的持仓有 +$1,000 的未实现盈利，并希望实际使用这些资金（用于现货交易、提现等）：在传统加密交易所，您需要平仓才能使用这 $1,000，或者以更高的权益余额作为抵押进行借款。在 Backpack，这 $1,000 的利润会即时计入您的 USDC 余额，您可以直接用于现货交易、新开仓位、提现或出借，且无需减少您的原持仓。 为了进一步提高资金效率，如果您启用自动借贷，所有利润都会自动借入 USDC 借贷池，以便在您的头寸保持开仓的情况下赚取收益。重要的是，这些借出的资产仍 100% 计入您的权益，这意味着您可以同时赚取收益，同时使用这些资金维持现有头寸并开立新头寸。 相同的过程也适用于亏损。当您的期货持仓出现亏损时，您的 USDC 余额将相应减少。在清算风险方面，这一机制与传统的未实现亏损模型完全相同，唯一的区别在于计算处理方式。在这两种模式下，亏损都会减少您的账户权益，从而影响 保证金计算 和 清算阈值，两者的影响方式完全一致。无论您的亏损在传统平台上被标记为 “未实现”，还是在 Backpack 通过 实时结算 变为 “已实现”，其 风险管理机制和清算参数 都是相同的。 如果您没有足够的 USDC 作为抵押品，并且使用了 BTC、SOL、ETH 或 USDT 等其他资产，系统会 自动创建 USDC 借款 来覆盖任何亏损，而不会直接清算您的 非 USDC 抵押品。 [Previous合约规则chevron-left](https://support.backpack.exchange/technical-docs/cn/jiao-yi/he-yue-gui-ze) [Next费率chevron-right](https://support.backpack.exchange/technical-docs/cn/jiao-yi/fei-l) Last updated 10 months ago --- # 借贷 | Technical Docs 中文交易文档 | Backpack Exchange * ​[出借](https://support.backpack.exchange/technical-docs/cn/jie-dai/chu-jie) ​ * ​[借款](https://support.backpack.exchange/technical-docs/cn/jie-dai/jie-kuan) ​ * ​[利用率与利率](https://support.backpack.exchange/technical-docs/cn/jie-dai/li-yonglyu-li-l) ​ * ​[强平机制](https://support.backpack.exchange/technical-docs/cn/jie-dai/feng-xian) ​ * * * Backpack 提供一个跨链资金市场，用户可以在其中出借或借入多种资产。用户可以从任何链存入资产，直接参与统一借贷池的出借；借款人可以使用抵押资产借款，并直接提取至任意支持的网络，无需跨链桥。这一跨链资金市场是 Backpack 保证金系统的核心组成部分，它让用户能够以最高的资金效率参与交易。 出借人可以将资产存入借贷池赚取利息，其他用户可以从借贷池中借入资产用于以下用途： 1. 现货杠杆交易 2. 永续合约交易中的USDC结算 3. 从交易所提币 与大多数中心化交易所不同，Backpack 的利率由透明的利用率模型决定。用户可以随时在“借贷”页面查看每种资产的实时利用率和利率。利用率代表某个市场中已借出资产占总出借资产的比例；利用率越高，说明借款需求越强，对应借款利率越高；利率按小时计算并支付。 为了保护出借人的资产安全，所有借款都必须满足 Backpack 的保证金要求，并受到实时强平系统的监控。用户在借款时，必须符合必要的抵押条件；一旦用户的保证金率（Margin Fraction）低于系统要求，Backpack 将立即启动强平流程，逐步平仓以偿还借款并保护出借人资产。 [Previous费率chevron-left](https://support.backpack.exchange/technical-docs/cn/jiao-yi/fei-l) [Next出借chevron-right](https://support.backpack.exchange/technical-docs/cn/jie-dai/chu-jie) Last updated 10 months ago --- # 利用率与利率 | Technical Docs 中文交易文档 | Backpack Exchange Backpack 的利率由 利用率（Utilization Rate）模型 确定。每个借贷市场都有其专属的利用率曲线，可在相应的 出借页面（Lend Page） 查看。市场的利用率 代表其 可用资产中已被借出的比例。借款越多，利率越高。 更具体地说： **利用率 = 总借款量 / 总借出量** 您可以在 Backpack 实时监控 利率变化，并查看以下内容： 1. 借贷池总供应量 2. 总借款量 3. 当前利用率 4. 不同利用率水平下的预期利率 5. 其他相关信息 利息每小时计算。借款利率（Borrow Rate） 完全由利用率曲线决定。出借利率（Lend Rate） 计算方式：**借款利率 \* 利用率。** 利用率曲线的设计目标：防止利用率达到 100%，从而阻止借贷池的资产赎回。系统设定了最优利用率阈值，在该阈值之后，利率会呈指数级上升：借款成本增加，鼓励用户提前还款。出借收益提高，吸引更多用户提供流动性。这种市场机制促使利用率下降，保持借贷市场健康运行。 ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXf8rlocQCzUbgodbcUjV7F4ZxRLHApdfIxNDAk0RNj_07Fclr2au5A2CkJ9qMtnDn8LRn2FrW9JxHkpQPHO5lcW40pr1GM-5ITJD5oVBuctDUqyEBcT9QKXW87GqGqEcnm66floJw%3Fkey%3DexfDayo-Ark8yymyBDhBrx8G&width=768&dpr=4&quality=100&sign=ff2f5a41&sv=2) 作为额外的安全保障，系统设有限流阈值（Throttle Threshold）。当利用率达到该阈值时：所有赎回和新借款将暂停。这为新出借人提供时间进入市场，为借款人提供时间偿还债务。同时，该暂停机制可为清算账户的抵押资产赎回提供缓冲。 [Previous借款chevron-left](https://support.backpack.exchange/technical-docs/cn/jie-dai/jie-kuan) [Next风险chevron-right](https://support.backpack.exchange/technical-docs/cn/jie-dai/feng-xian) Last updated 10 months ago --- # Заимстование & Кредитование | Technical Docs Техническая документация | Backpack Exchange Backpack предлагает **омничейн-мани-маркет**, где пользователи могут **размещать активы в лендинг** и **брать заём** без необходимости использовать мосты между сетями. Вы можете **депонировать активы в любой поддерживаемой сети** и предоставить их в единый пул, либо **заложить обеспечение и вывести заём на любую сеть** — всё это происходит **без бриджа**. Омничейн-мани-маркет — ключевой элемент маржинальной системы Backpack, обеспечивающий **максимальную капитальную эффективность** при торговле. * * * **Доход для лендера** Пользователи могут зарабатывать доход, **предоставляя ликвидность** в лендинговый пул. Эти средства могут быть использованы другими трейдерами для: – спот-маржинальной торговли – расчётов в USDC при торговле фьючерсами – вывода средств с биржи * * * **Процентные ставки** В отличие от большинства централизованных бирж, **ставки на Backpack определяются прозрачно** — в зависимости от **уровня использования пула (Utilization Rate)**. – **Utilization Rate** — это доля заимствованных активов относительно общего объёма ликвидности в пуле – Чем выше спрос на заимствование, тем выше ставка – Проценты **начисляются и выплачиваются каждый час** – Вся информация доступна в реальном времени на вкладке **Lend** * * * **Управление рисками** Все заимствования регулируются **маржинальными требованиями Backpack** и системой **ликвидаций в реальном времени**. – Ни один пользователь не может занять средства без достаточного обеспечения – Если уровень маржи опускается ниже порогового значения, система **немедленно начинает ликвидацию** позиции для защиты лендера [PreviousКомиссииchevron-left](https://support.backpack.exchange/technical-docs/ru/torgovlya/komissii) [NextКредитование (Лендинг)chevron-right](https://support.backpack.exchange/technical-docs/ru/zaimstovanie-and-kreditovanie/kreditovanie-lending) Last updated 6 months ago --- # 出借 | Technical Docs 中文交易文档 | Backpack Exchange 您可以通过以下两种方式在 Backpack 开始出借资产： [hashtag](https://support.backpack.exchange/technical-docs/cn/jie-dai/chu-jie#fang-fa-1-shou-dong-jie-dai) **方法 1 - 手动借贷** ------------------------------------------------------------------------------------------------------------------------------- 您可以通过“借贷”页面手动将资产存入出借池。所有出借产生的利息会自动复利计入您的余额。 [hashtag](https://support.backpack.exchange/technical-docs/cn/jie-dai/chu-jie#fang-fa-2-zi-dong-jie-dai) **方法 2 - 自动借贷** ----------------------------------------------------------------------------------------------------------------------------- 自动出借是一个子账户级设置，开启后，子账户中的所有可用资产都会自动存入借贷池。当自动出借开启后，您只需向子账户充值或买入符合出借资格的资产，系统就会自动完成出借，无需手动操作。 [hashtag](https://support.backpack.exchange/technical-docs/cn/jie-dai/chu-jie#shu-hui) **赎回** -------------------------------------------------------------------------------------------------- 为了提供最流畅和灵活的用户体验，无论是否开启自动出借，系统都会在可能的情况下自动赎回出借资产（具体规则见下方说明）。您可以通过以下方式赎回资产： 1. **现货交易自动赎回** - 如果您正在出借USDC并想买入BTC，系统会自动从出借池赎回USDC用于支付交易资金。 2. **提币时自动赎回** \- 您也可以直接提取已出借的资产，无需手动赎回。提币时，系统会自动从出借池赎回相应资产并处理提现。 3. **手动赎回** - 如果您不打算继续出借，但也不需要立即交易或提币，可以直接在“借贷”页面中手动赎回资产。（仅在自动出借关闭时可用） **重要说明:** 您可以赎回已出借资产的前提是：该资产的当前利用率允许赎回操作。为了防止某个资产的利用率达到100%，Backpack 设置了一个利用率上限阈值：当利用率触及该阈值时，系统将暂停所有赎回和新的借款操作；直到更多资产被存入借贷池，或已有借款人归还部分借款，使得利用率回落至阈值以下。更多细节将在后续章节详细说明。 [Previous借贷chevron-left](https://support.backpack.exchange/technical-docs/cn/jie-dai) [Next借款chevron-right](https://support.backpack.exchange/technical-docs/cn/jie-dai/jie-kuan) Last updated 10 months ago * [方法 1 - 手动借贷](https://support.backpack.exchange/technical-docs/cn/jie-dai/chu-jie#fang-fa-1-shou-dong-jie-dai) * [方法 2 - 自动借贷](https://support.backpack.exchange/technical-docs/cn/jie-dai/chu-jie#fang-fa-2-zi-dong-jie-dai) * [赎回](https://support.backpack.exchange/technical-docs/cn/jie-dai/chu-jie#shu-hui) --- # 风险 | Technical Docs 中文交易文档 | Backpack Exchange [hashtag](https://support.backpack.exchange/technical-docs/cn/jie-dai/feng-xian#jie-kuan-ren-wei-yue) 借款人违约 ---------------------------------------------------------------------------------------------------------------- Backpack 采用分级清算模型，以防止用户账户破产。首先，系统尝试通过订单簿清算持仓。如果持仓过大，或用户的保证金比例低于自动平仓阈值，则清算将通过后备流动性提供者（Backstop Liquidity Providers） 进行。 在极端情况下，如果市场价格急速下跌，导致系统无法及时清算借款人的仓位，Backpack 采用 自动去杠杆（Auto-Deleveraging，ADL） 机制，以确保出借人能够按名义价值收回其出借资产。示例： 1. 假设 借款人借入 1 BTC 2. 但借款人账户中没有 BTC 余额（已提取或兑换为其他资产）。 3. 借款人账户破产，此时 BTC 价格为 $100,000。 4. 出借人仍期望收回其资产。在这种情况下，清算系统将清算借款人的资产，并向出借人支付 $100,000 的等值资金，而非 1 BTC。 总结：Backpack 的清算系统包含多层后备流动性机制，以维持市场稳定并保护出借人。 在极端情况下，保证金系统的核心目标是确保出借人能够收回其出借资产的价值，无论是实际代币还是清算时的等值 USD 资金。 [hashtag](https://support.backpack.exchange/technical-docs/cn/jie-dai/feng-xian#id-100-li-yong-l) 100% 利用率 --------------------------------------------------------------------------------------------------------------- 当某个市场的利用率达到 100% 时，已出借的资产无法被赎回。 • 这可能会带来额外风险，因为 Backpack 允许已出借资产作为抵押品。 • 如果用户的出借资产作为抵押品，但由于市场满负荷借贷，导致其资产无法被赎回，从而面临清算，Backpack 将自动触发 ADL 机制（Auto-Deleveraging）。 ADL 过程（Auto-Deleveraging Process）: 1. 用户的出借资产作为抵押品，但因亏损触发清算。 2. 市场利用率达到 100%，导致无法赎回出借资产。 3. 清算引擎激活，但无法赎回出借人的资产。 4. 系统匹配出借人与具有可用抵押品的借款人（所有借款均有抵押品支持）。 5. 按借款的等值 USDC 计算，从借款人的账户中转移不超过原始借款金额的资金，用于清算出借人的资产。 6. 借款关闭，出借人成功清算。借款人的抵押资产可能已被转换为不同的资产，但其账户总价值保持不变。 [Previous利用率与利率chevron-left](https://support.backpack.exchange/technical-docs/cn/jie-dai/li-yonglyu-li-l) Last updated 10 months ago * [借款人违约](https://support.backpack.exchange/technical-docs/cn/jie-dai/feng-xian#jie-kuan-ren-wei-yue) * [100% 利用率](https://support.backpack.exchange/technical-docs/cn/jie-dai/feng-xian#id-100-li-yong-l) --- # 费率 | Technical Docs 中文交易文档 | Backpack Exchange 在 Backpack 交易所，我们致力于提供透明且具竞争力的费率结构。 以下表格展示了公开测试版期间的现货交易和永续合约交易费率等级，方便用户根据自身交易量，快速了解对应的费率标准。 * ‍[**立即访问Backpack交易所。**arrow-up-right](https://download.backpack.exchange/BQcg/bu8071n9) 我们可能会在下一阶段调整费率，并会在调整前提前公布最新费率。 **\*如有变更，恕不另行通知\*** * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/fei-l#backpack-jiao-yi-suo-jiao-yi-fei-l) Backpack 交易所交易费率 ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F2887312725-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FnlQeRKWVTGUXyTIwsMLy%252Fuploads%252Fqv8VoLKB1g1EuFXMlg5t%252FBackpack%2520Exchange%2520Fee%2520Structure.png%3Falt%3Dmedia%26token%3D1db6da84-b7d8-4580-9c6f-5b6d894aa82f&width=768&dpr=4&quality=100&sign=e50cce0c&sv=2) * * * 持有Mad Lads NFT的用户，只需将存有NFT的Backpack钱包连接至Backpack交易所，即可自动享受VIP 1等级的交易费率。 [**了解更多关于 Mad Lads VIP 计划的信息。**arrow-up-right](https://support.backpack.exchange/en/articles/1974529) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/fei-l#shen-me-shi-gua-dan-fei-he-chi-dan-fei) 什么是挂单费和吃单费？ * **挂单费:** 挂单方是指下达限价单，并为市场提供流动性的用户。这些订单不会立即成交，而是挂在订单簿上等待与相反方向的订单匹配。挂单订单需支付的费用称为“挂单费（Maker Fee）”。由于挂单方为市场贡献了流动性，挂单费通常比吃单费更低。 ‍ * **吃单费:** 吃单方是指下达的订单立即与已有订单匹配成交的用户。吃单订单消耗市场流动性，因此需支付“吃单费（Taker Fee）”。由于吃单交易具有即时成交的特点，吃单费通常略高于挂单费。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/fei-l#feildeng-ji-ru-he-yun-zuo) 费率等级如何运作？ 交易量越高，费率越优惠！ Backpack 的费率体系鼓励高交易量用户享受更低的费率。随着您的30日累计交易量增加，您将逐步提升到更高的费率等级；每晋升一个等级，对应的挂单费和吃单费都会逐步降低，有效降低您的交易成本。 请参考费率表，查看各等级对应的费率标准和30日交易量要求。 我们的目标是为您提供顺畅透明的交易体验，让您清晰了解所有相关费用。 [Previous结算与盈亏实现chevron-left](https://support.backpack.exchange/technical-docs/cn/jiao-yi/jie-suan-yu-ying-kui-shi-xian) [Next借贷chevron-right](https://support.backpack.exchange/technical-docs/cn/jie-dai) Last updated 9 months ago * [Backpack 交易所交易费率](https://support.backpack.exchange/technical-docs/cn/jiao-yi/fei-l#backpack-jiao-yi-suo-jiao-yi-fei-l) * [什么是挂单费和吃单费？](https://support.backpack.exchange/technical-docs/cn/jiao-yi/fei-l#shen-me-shi-gua-dan-fei-he-chi-dan-fei) * [费率等级如何运作？](https://support.backpack.exchange/technical-docs/cn/jiao-yi/fei-l#feildeng-ji-ru-he-yun-zuo) --- # Приложения | Справочные материалы | Backpack Exchange [hashtag](https://support.backpack.exchange/support-docs/ru/nachnite-zdes/prilozheniya#mobilnye-prilozheniya) Мобильные приложения: ---------------------------------------------------------------------------------------------------------------------------------------- [![ios-appstore](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fios.svg&width=300&dpr=4&quality=100&sign=da9a512a&sv=2)App Storearrow-up-right](https://apps.apple.com/us/app/backpack-wallet-exchange/id6445964121) [![android](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fgoogle.svg&width=300&dpr=4&quality=100&sign=b4da549a&sv=2)Google Playarrow-up-right](https://play.google.com/store/search?q=backpack+wallet+and+exchange&c=apps&hl=en_US) ![android-apk](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fandroid.svg&width=300&dpr=4&quality=100&sign=5d8700f4&sv=2)[Android APK Downloadarrow-up-right](https://mobile.xnftdata.com/backpack-apk-2.60.1+309.apk) * * * [hashtag](https://support.backpack.exchange/support-docs/ru/nachnite-zdes/prilozheniya#rasshireniya-dlya-brauzera) Расширения для браузера: ------------------------------------------------------------------------------------------------------------------------------------------------ [![chrome](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fchrome.svg&width=300&dpr=4&quality=100&sign=7555a801&sv=2)Chromearrow-up-right](https://chromewebstore.google.com/detail/backpack/aflkmfhebedbjioipglgcbcmnbpgliof) [![brave](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fbrave.svg&width=300&dpr=4&quality=100&sign=8b773693&sv=2)Bravearrow-up-right](https://chromewebstore.google.com/detail/backpack/aflkmfhebedbjioipglgcbcmnbpgliof) * * * [hashtag](https://support.backpack.exchange/support-docs/ru/nachnite-zdes/prilozheniya#prilozheniya-dlya-2fa) Приложения для 2FA: -------------------------------------------------------------------------------------------------------------------------------------- [![ios](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fios.svg&width=300&dpr=4&quality=100&sign=da9a512a&sv=2)Google Authenticator (iOS)arrow-up-right](https://apps.apple.com/us/app/google-authenticator/id388497605) [![android](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fandroid.svg&width=300&dpr=4&quality=100&sign=5d8700f4&sv=2)Google Authenticator (Android)arrow-up-right](https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2&hl=en) [PreviousНачните Здесьchevron-left](https://support.backpack.exchange/support-docs/ru) [NextБиржаchevron-right](https://support.backpack.exchange/support-docs/ru/birzha) Last updated 1 month ago * [Мобильные приложения:](https://support.backpack.exchange/support-docs/ru/nachnite-zdes/prilozheniya#mobilnye-prilozheniya) * [Расширения для браузера:](https://support.backpack.exchange/support-docs/ru/nachnite-zdes/prilozheniya#rasshireniya-dlya-brauzera) * [Приложения для 2FA:](https://support.backpack.exchange/support-docs/ru/nachnite-zdes/prilozheniya#prilozheniya-dlya-2fa) --- # 杠杆 | Technical Docs 中文交易文档 | Backpack Exchange Backpack 采用多币种全仓保证金模式，旨在最大化资金使用效率。 与其他交易所要求您将资产分隔在不同的钱包（现货、合约、杠杆、理财等）中不同，Backpack 提供的是一个全仓账户，可以直接用于所有产品的交易。如果您需要隔离风险，也可以轻松创建新的子账户，每个子账户都与其他子账户完全隔离。 ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcontent.gitbook.com%2Fcontent%2FnlQeRKWVTGUXyTIwsMLy%2Fblobs%2FxQHvSEZ3vlll3tiKVGUg%2Fimage.png&width=768&dpr=4&quality=100&sign=b3ab7683&sv=2) 您可以使用多种非USDC资产作为保证金，这些资产会计入您的账户权益，用于开仓和维持合约及借贷仓位。 为了在所有中心化交易所中提供最高的资金效率，Backpack 允许您将100%出借资产作为保证金使用，这意味着即便资产用于维持仓位，它们依然可以赚取利息。此外，未实现盈亏也会被计入借贷池并产生利息，进一步提升资金效率。 观看视频教程，了解详细操作流程： * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan#bao-zheng-jin) 保证金 Backpack 上的保证金以USD计价。符合保证金资格的资产会获得“保证金价值”，并计入您的净权益。 保证金价值计算公式： _**资产数量 \* 标记价格 \* 权重**_ 每种资产都有默认的保证金权重（也称折扣率）。随着资产规模增加，为了应对风险并考虑资产变现所需时间，资产的保证金权重可能会逐步降低。 您可以在**对账单**页面查看每种资产的具体保证金价值曲线。 Here’s an example to illustrate how Collateral Value is calculated (note that the haircut values below are not accurate. Check the statements page to see the actual weights): 如上所示，一位用户持有价值 120,000 美元的资产，但其账户总保证金价值（即其所有资产的抵押品价值总和）为 116,300 美元。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan#quan-yi) 权益 #### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan#jing-quan-yi-net-equity) 净权益（Net Equity） 净权益代表您账户的风险调整后总价值，可用于维持合约和借贷仓位。这也被称为“保证金余额”。 净权益的计算方法如下 = _**账户总保证金价值+ 总未实现盈亏 + 未结算资金 - 总借贷负债**_ 所有这些数值及账户权益的详细信息，均可在 [**对账单页面**arrow-up-right](https://backpack.exchange/portfolio/balances/statements) 查看。 #### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan#ke-yong-quan-yi) 可用权益 可用权益是您可以用于开新仓或挂单的资金。 其计算方式未 _**净权益 - 已占用权益**_, 已占用权益指的是已被现有仓位和挂单占用的保证金。为了提高资金效率，您的未实现盈亏也会计入可用权益。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan#bao-zheng-jin-1) 保证金 您的账户保证金（又称保证金健康度）可以通过以下两个数据点进行评估： **1) 初始保证金率 (IMR)**\- 表示您账户中还剩多少可用权益用于开新仓。一旦IMR达到100%，您将无法开设任何增加风险的新仓位。 初始保证金率 = _**总初始保证金 / 净权益**_ 您可以在交易页面的**保证金概览**部分，鼠标悬停在初始保证金百分比上查看所有仓位的总初始保证金。 通常情况下，开立新仓位所需的初始保证金可按以下公式计算： _**初始保证金 = 仓位名义价值 / 最大账户杠杆**_ 例如，最大账户杠杆为10倍，想开一笔10,000 USD的仓位，则初始保证金为1,000 USD。 但请注意，随着仓位规模增加，初始保证金要求也可能提高，以适应风险管理要求。 此外，不同交易对的初始保证金要求可能不同。例如，如果某个交易对的初始保证金率（IMF）是20%，那么无论最大杠杆是否为10倍，该交易对的初始保证金要求都是仓位规模的20%（不考虑大额单独调整）。 您可以在交易页面的**保证金**标签下查看各交易对的具体保证金要求。 在下单时，可以看到系统计算的“预计保证金需求”。 已有仓位的初始保证金可在**持仓**标签页的“初始保证金”列查看。 **2) 维持保证金率 (MMR)** - 反映账户距离被强制平仓还有多少空间。当MMR达到100%时，系统将启动强制平仓流程。 维持保证金率 = _**总维持保证金 / 净权益**_ 通常情况下, 维持保证金比例 (MMF) 最低为 5% 。同初始保证金率一样，维持保证金率可能因仓位规模或市场不同而调整 在交易页面的**保证金概览**部分，鼠标悬停在维持保证金百分比上，可以查看所有仓位的总维持保证金。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan#zi-zhang-hu) 子账户 Backpack 的保证金模式围绕子账户展开。 每个子账户都是全仓、多币种，并且可以访问所有产品（现货、期货、现货保证金、借入、借出）。为了说明此模型的简单性，如果您在子账户中存入USDC和BTC，您的净权益立即增加，您可以直接开始交易所有产品，无需额外划转资产。 此外, **每个子账户之间完全隔离**。 这意味着一个子账户的资金不会受到其他子账户强平的影响。每个子账户的余额和风险独立管理，方便您根据策略灵活分配风险敞口。 如果您更喜欢逐仓模式，可以在单独的子账户中开仓，达到类似逐仓隔离的效果。 最多支持创建10个子账户，且支持子账户间资金快速划转。 ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcontent.gitbook.com%2Fcontent%2FnlQeRKWVTGUXyTIwsMLy%2Fblobs%2FrXwaxnNQvC0bn1owUlkz%2Fimage.png&width=768&dpr=4&quality=100&sign=62b349c6&sv=2) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan#gang-gan) 杠杆 Backpack 的最大杠杆设置在子账户级别。 您可以在每个子账户中，根据整体持仓风险，自行设置最大账户杠杆。 当您调整最大杠杆后，已有仓位及未来新仓位的初始保证金要求都会同步调整。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan#fei-usd-bao-zheng-jin-zi-chan) 非USD保证金资产 Backpack 上的合约以USDC结算，包括：手续费、资金费率和盈亏结算。 如果您的账户中同时持有USDC和非USDC资产（如BTC），系统会优先使用USDC余额支付结算费用。 当USDC不足时，系统会自动借入USDC支付费用，而不是直接卖掉您的非USDC资产。例如：如果用户需要支付1 USDC的开仓费，系统会生成1 USDC的借款，而不会卖掉BTC。 但如果：USDC借贷市场的利用率超过限制阈值或您在使用非 USDC 资产作为抵押品时账户因亏损被强平，系统会将您的非USDC资产转换为USDC，以完成结算。这些转换记录会显示在 [**结算**arrow-up-right](https://backpack.exchange/portfolio/settlements/reconciliation-conversions) 标签页的对账转换记录中。 [Previous交易chevron-left](https://support.backpack.exchange/technical-docs/cn/jiao-yi) [Next现货杠杆chevron-right](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan) Last updated 10 months ago * [保证金](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan#bao-zheng-jin) * [权益](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan#quan-yi) * [保证金](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan#bao-zheng-jin-1) * [子账户](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan#zi-zhang-hu) * [杠杆](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan#gang-gan) * [非USD保证金资产](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan#fei-usd-bao-zheng-jin-zi-chan) --- # Биржа | Справочные материалы | Backpack Exchange [Аккаунт биржиchevron-right](https://support.backpack.exchange/support-docs/ru/birzha/akkaunt-birzhi) [Безопасностьchevron-right](https://support.backpack.exchange/support-docs/ru/birzha/bezopasnost) [Депозит и выводchevron-right](https://support.backpack.exchange/support-docs/ru/birzha/depozit-i-vyvod) [Торговляchevron-right](https://support.backpack.exchange/support-docs/ru/birzha/torgovlya) [Программыchevron-right](https://support.backpack.exchange/support-docs/ru/birzha/programmy) [API и Документация для разработчиковchevron-right](https://support.backpack.exchange/support-docs/ru/birzha/api-i-dokumentaciya-dlya-razrabotchikov) [PreviousПриложенияchevron-left](https://support.backpack.exchange/support-docs/ru/nachnite-zdes/prilozheniya) [NextАккаунт биржиchevron-right](https://support.backpack.exchange/support-docs/ru/birzha/akkaunt-birzhi) --- # Спецификации фьючерсов | Technical Docs Техническая документация | Backpack Exchange ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#obshee-opisanie) Общее описание * Все субаккаунты на Backpack работают по **системе кросс-маржи**. При этом **маржа изолирована** на уровне каждого субаккаунта. * Один универсальный кошелёк используется для доступа ко всем продуктам: **спот**, **фьючерсы**, **спот-маржа**, **заимствование/лендинг**. * В настоящее время все рынки **номинированы и рассчитываются в USDC**. * **Размещённые в лендинг активы** могут использоваться в качестве **обеспечения** для открытия и поддержания фьючерсных позиций. Процентные ставки формируются на основе **публичной кривой использования** рынка заимствований и лендинга. * **Нереализованная прибыль (PnL)** также приносит или выплачивает проценты и **полностью учитывается в расчёте чистого капитала (Net Equity)**. При необходимости вы можете включить **непрерывную реализацию PnL**. * **Ликвидации** изначально происходят через **ордербук**, а при достижении автоматического уровня закрытия позиции — против **Backstop Liquidity Providers (BLP)**. ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#marzha-and-obespechenie) Маржа & Обеспечение **Понятие** **Описание** **Формула** Обеспечительная стоимость Номинальная стоимость актива, используемого в качестве обеспечения, с учётом дисконта (haircut). TokenSize×MarkPrice×CollateralWeight\\text{TokenSize} \\times \\text{MarkPrice} \\times \\text{CollateralWeight}TokenSize×MarkPrice×CollateralWeight Общая обеспечительная стоимость аккаунта Суммарная стоимость всех активов, учитываемых как обеспечение, с применением соответствующих дисконтов. ∑(Collateral Value) for all collateral assets\\sum \\text{(Collateral Value)} \\text{ for all collateral assets}∑(Collateral Value) for all collateral assets Нереализованный PnL Текущий (не зафиксированный) PnL по открытым позициям. Position Size×(Mark Price−Average Entry Price)\\text{Position Size} \\times (\\text{Mark Price} - \\text{Average Entry Price})Position Size×(Mark Price−Average Entry Price) Суммарная открытая позиция Размер в токенах всех открытых позиций и ордеров, увеличивающих риск по конкретному торговому активу. Position Size+Open Order Size Of Orders Increasing Risk\\text{Position Size} + \\text{Open Order Size Of Orders Increasing Risk}Position Size+Open Order Size Of Orders Increasing Risk Суммарная номинальная экспозиция Номинальный (в денежном выражении) объём всех открытых позиций и ордеров, увеличивающих риск по конкретному торговому активу. Net Exposure Quantity×Mark Price\\text{Net Exposure Quantity} \\times \\text{Mark Price}Net Exposure Quantity×Mark Price Общая номинальная экспозиция Суммарная номинальная стоимость всех открытых позиций и ордеров, увеличивающих риск, по всем торговым инструментам. ∑(Net Exposure Notional) across all futures and spot margin positions\\sum \\text{(Net Exposure Notional)} \\text{ across all futures and spot margin positions}∑(Net Exposure Notional) across all futures and spot margin positions Базовая фракция начальной маржи Значение IMF для позиции **без учёта размера** позиции max⁡(1maximum leverage on platform,1maximum leverage set by user)\\max\\left(\\dfrac{1}{\\text{maximum leverage on platform}}, \\dfrac{1}{\\text{maximum leverage set by user}}\\right)max(maximum leverage on platform1​,maximum leverage set by user1​) Фракция начальной маржи по позиции (IMF) Объём обеспечения, необходимый для открытия позиции, **скорректированный с учётом её размера**. max⁡(Base IMF,IMF Factor×Notional Position Size)\\max \\left(\\text{Base IMF}, \\text{IMF Factor} \\times \\sqrt{\\text{Notional Position Size}}\\right)max(Base IMF,IMF Factor×Notional Position Size​) Фракция поддерживающей маржи по позиции(MMF) Объём обеспечения, необходимый для **удержания позиции без ликвидации**, скорректированный по размеру позиции. max⁡(Base MMF,MMF Factor×Notional Position Size)\\max \\left(\\text{Base MMF}, \\text{MMF Factor} \\times \\sqrt{\\text{Notional Position Size}}\\right)max(Base MMF,MMF Factor×Notional Position Size​) IMF аккаунта Минимальная доля маржи, необходимая для **открытия новых позиций** в пределах субаккаунта. max⁡(1max leverage,∑(Notional Position Size×Position IMF)Total Exposure Notional)\\max\\left(\\dfrac{1}{\\text{max leverage}}, \\dfrac{\\sum \\text{(Notional Position Size} \\times \\text{Position IMF)}}{\\text{Total Exposure Notional}}\\right)max(max leverage1​,Total Exposure Notional∑(Notional Position Size×Position IMF)​) MMF аккаунта Минимальная доля маржи, необходимая, чтобы **избежать ликвидации** аккаунта. ∑(Notional Position Size×Position MMF)Total Exposure Notional\\dfrac{\\sum \\text{(Notional Position Size} \\times \\text{Position MMF)}}{\\text{Total Exposure Notional}}Total Exposure Notional∑(Notional Position Size×Position MMF)​ Чистая стоимость капитала Общая текущая стоимость капитала аккаунта, с учётом обеспечения, нереализованного PnL и долгов. Total Collateral Value+Total Unrealized PnL+Unsettled Balances−Total Borrow Liability\\text{Total Collateral Value} + \\text{Total Unrealized PnL} + \\text{Unsettled Balances} - \\text{Total Borrow Liability}Total Collateral Value+Total Unrealized PnL+Unsettled Balances−Total Borrow Liability Зарезервированный капитал Объём капитала, использованный для **поддержания открытых позиций** и ордеров, увеличивающих риск. Initial Margin Fraction×Total Exposure Notional summed across all token market positions\\text{Initial Margin Fraction} \\times \\text{Total Exposure Notional} \\text{ summed across all token market positions}Initial Margin Fraction×Total Exposure Notional summed across all token market positions Доступный капитал Свободный объём капитала, доступный для **открытия новых позиций**. Net Equity−Net Equity Locked\\text{Net Equity} - \\text{Net Equity Locked}Net Equity−Net Equity Locked Маржинальная фракция аккаунта (MF) Уровень маржинальной нагрузки аккаунта на основе **текущих активных позиций** и **рыночных цен активов**. Net EquityTotal Exposure Notional\\dfrac{\\text{Net Equity}}{\\text{Total Exposure Notional}}Total Exposure NotionalNet Equity​ Фракция автоматического закрытия Уровень маржи, при котором **аккаунт ликвидируется** через механизм Backstop Liquidity Providers (BLPs). max⁡(Account MMFACMF Divisor,Account MMF−ACMF Offset)\\max \\left(\\dfrac{\\text{Account MMF}}{\\text{ACMF Divisor}}, \\text{Account MMF} - \\text{ACMF Offset}\\right)max(ACMF DivisorAccount MMF​,Account MMF−ACMF Offset) * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#mark-cena-i-cena-indeksa) Марк цена и цена индекса **Расчёт Mark Price (в порядке убывания приоритета):** 1. **Индексная цена + скользящее среднее за 1 минут** разницы между средней ценой (mid price) и индексной ценой. – _Средняя цена (mid price)_ — это среднее значение между лучшей ценой покупки (best bid) и лучшей ценой продажи (best ask). 2. **Индексная цена** (Index Price). 3. **Медианное значение** из трёх: лучшая цена покупки, лучшая цена продажи и последняя цена сделки на Backpack. 4. **Средняя цена (mid price)** на Backpack. 5. **Последняя цена сделки** на Backpack. Если какие-либо данные устарели или недоступны, система переходит к следующему источнику из этого списка. **Расчёт Index Price:** – Backpack получает рыночные данные от **набора внешних бирж**. – Для каждой биржи рассчитывается **медиана из трёх значений**: лучшая цена покупки, лучшая цена продажи и последняя цена. Это значение считается рыночной ценой на данной бирже. – Далее рассчитывается **медиана рыночных цен** по всем биржам. – Устанавливаются **ограничения (ценовой коридор)**: – Верхний предел (ceiling): +100 bps от медианы – Нижний предел (floor): −100 bps от медианы – Если цена на бирже выходит за эти границы, ей присваивается верхняя или нижняя граница соответственно. – Каждой бирже назначается **вес (weight)**, отражающий её надёжность и ликвидность. – Итоговая Index Price рассчитывается как **взвешенное среднее** по всем биржам с учётом этих весов. **Границы цены финансирования (Mark Price Bounds)** Мы применяем ограничение, чтобы предотвратить влияние аномальных цен маркировки на позиции пользователей. Если цена маркировки отклоняется от индексной цены более чем на установленный процентный порог, Backpack ограничит цену маркировки этим порогом. **Пример:** Если индексная цена равна 100, а порог составляет 5%, то цена маркировки будет ограничена диапазоном \[95, 105\]. Эта защита: * Предотвращает аномальные цены маркировки, вызванные манипуляциями или необычными рыночными условиями * Защищает позиции пользователей от неожиданных ликвидаций _**Примечание:**_ Для некоторых новых листингов это ограничение может быть ослаблено, поскольку ожидаются более волатильные рыночные условия. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#stavka-finansirovaniya) Ставка финансирования **Актуально на 12 мая 2025, 08:00 UTC** * * * #### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#raschyot-premii-premium-index) **Расчёт премии (Premium Index)** Каждую секунду фиксируется значение **премии**: **Среднее значение премии (Average Premium Index)** Вычисляется как **скользящее среднее** секундных значений премии за весь интервал фондирования (funding interval). * * * #### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#dobavka-za-procentnuyu-stavku-interest-rate-add-on) **Добавка за процентную ставку (Interest-rate add-on)** Это постоянная добавка, учитывающая стоимость капитала, пропорционально длине интервала фондирования. * * * #### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#formula-raschyota-funding-rate) **Формула расчёта funding rate** Полный **funding rate** = среднее значение премии + процентная добавка. **Ограничения по минимуму/максимуму (caps/floors)** устанавливаются индивидуально **для каждого рынка** и доступны через API `/markets`. * * * #### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#raschyot-vyplaty-po-funding-v-konce-intervala) **Расчёт выплаты по funding (в конце интервала)** – **funding\_rate** — рассчитанная ставка фондирования – **position\_qty** — количество контракта – **mark\_price** — маркировочная цена на момент расчёта Выплаты по funding применяются **в конце каждого интервала** и осуществляются между трейдерами с противоположными позициями (лонги платят шортам или наоборот, в зависимости от знака funding rate). * * * ### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#cenovye-ogranicheniya) Ценовые ограничения **Ценовые ограничения (Price Bands)** Платформа Backpack использует несколько уровней ценовых ограничений для защиты пользователей от проскальзывания, ошибок в ордерах и рыночных манипуляций. Ниже приведены ключевые типы ценовых ограничений: #### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#limit-price-bands-dlya-limitnykh-orderov) **Limit Price Bands (для лимитных ордеров)** – Рассчитывается **медиана** из трёх значений: `{лучшая цена покупки, лучшая цена продажи, последняя цена сделки}` – Это значение называется **Active Price** – Применяются параметры: – **Max Multiplier** — максимальный допустимый множитель – **Min Multiplier** — минимальный допустимый множитель **Правило:** – Если лимитный ордер подаётся по цене выше `Active Price × Max Multiplier` — он **отклоняется** – Если цена ниже `Active Price × Min Multiplier` — он также **отклоняется** #### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#price-impact-bands-dlya-rynochnykh-orderov-taker-orders) **Price Impact Bands (для рыночных ордеров — Taker Orders)** – Применяются параметры: – **Max Impact Multiplier** – **Min Impact Multiplier** **Пример:** – При рыночном ордере на покупку, система позволит исполнение до уровня цены: `лучшая цена продажи × Max Impact Multiplier` – Если ордер не полностью исполнился до этого уровня, он **частично исполняется**, остаток — **истекает (отменяется)** – Аналогичное правило применяется к ордерам на продажу с использованием Min Impact Multiplier #### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#mean-mark-price-bands) **Mean Mark Price Bands** – Рассчитывается **скользящее среднее (5 минут)** по **Mark Price** – Это значение называется **Mean Mark Price** – Используются параметры: – **Max Multiplier** – **Min Multiplier** **Пример:** – Для рыночного ордера: исполнение допускается до уровня `Mean Mark Price × Max Multiplier` – Если ордер не исполнился полностью — он частично исполняется и остаток **истекает** #### [hashtag](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#mean-premium-bands) **Mean Premium Bands** – Рассчитывается **среднее значение премии за 5 минут** (Mean Premium) – Задаётся параметр **допустимого отклонения (tolerance percentage)** **Примеры:** 1. Если **Mean Premium = 3%**, а **tolerance = 1%**, то ордер исполнится только до уровня, где **текущая премия ≤ 4%** 2. Если **Mean Premium = –3%**, то ордер допустим только до уровня, где **текущая премия ≥ –4%** В обоих случаях, если ордер не исполнился полностью до этого порога — он **частично исполняется**, остаток **истекает**. * * * Эти механизмы создают многоуровневую систему защиты, обеспечивающую стабильную и безопасную торговлю на волатильных рынках. [PreviousСпот-маржаchevron-left](https://support.backpack.exchange/technical-docs/ru/torgovlya/spot-marzha) [NextРасчеты и реализацияchevron-right](https://support.backpack.exchange/technical-docs/ru/torgovlya/raschety-i-realizaciya) Last updated 15 days ago * [Общее описание](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#obshee-opisanie) * [Маржа & Обеспечение](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#marzha-and-obespechenie) * [Марк цена и цена индекса](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#mark-cena-i-cena-indeksa) * [Ставка финансирования](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#stavka-finansirovaniya) * [Ценовые ограничения](https://support.backpack.exchange/technical-docs/ru/torgovlya/specifikacii-fyuchersov#cenovye-ogranicheniya) Copy premium = (mark price − index price) / index price Copy interest_rate = 0.03 % × (funding_interval_hours / 24) Copy payment = funding_rate × position_qty × mark_price --- # 现货杠杆 | Technical Docs 中文交易文档 | Backpack Exchange Backpack 提供现货杠杆交易产品，让您可以在现货市场上进行超过钱包余额的多头或空头交易。在后台，系统会结合Backpack的实时强平引擎和透明的借贷市场，为您实现高效的现货杠杆交易。Backpack上的所有现货杠杆仓位都直接接入平台的统一借贷池，并遵循与整体借贷框架相同的保证金要求和强平流程。 这确保了： * 您可以自动借入完成现货交易所需的资产； * 借款人始终维持足额抵押，必要时平台会对仓位进行强平。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#kai-qi-xian-huo-gang-gan) 开启现货杠杆 在进行杠杆交易之前，请确保已在子账户设置中开启杠杆交易功能。当自动借贷功能开启时，您可以直接通过现货杠杆交易借入资金，而无需手动创建借款——Backpack会在您超过现货余额交易时自动代表您借款。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#gang-gan-jiao-yi) 杠杆交易 现货杠杆允许您在现货市场上买入或卖出超出账户余额的资产，系统会自动为您借入差额部分（或者在您需要提币时，直接提取借入资产）。 #### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#shi-li) 示例: 1. 在交易界面勾选“杠杆”选项； 2. 在现货市场下达买单或卖单； 3. 如果您卖出的数量超过持仓（做空），或者买入的数量超过可用余额，系统会自动为您借入所需资产。 举例_:_ * 您账户里有1,000 USDC，但想买入价值2,000 USDC的SOL； * 勾选“杠杆”选项后，Backpack会自动为您借入额外的1,000 USDC，并完成现货购买； * 此时，您持有的SOL仓位中有一部分是通过借款融资获得的。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#hai-kuan-fang-shi) 还款方式 当您因现货杠杆交易而欠下某种资产时，可以通过以下方式偿还： 1. **自动还款（需开启自动借贷）** * 如果自动借贷功能已开启，那么您账户中新增的同类资产（通过充值、交易或资产兑换获得）会自动用于偿还对应债务。 1. **通过现货交易直接还款** * 直接买回您欠的资产即可。例如，如果您借入了10个SOL，只需下达一笔带杠杆标记的买单买回10个SOL，系统会自动用这笔买单的SOL偿还您的SOL负债。 1. **手动还款** * 如果关闭了自动出借，您可以前往**借贷**页面或**借贷窗口**中，点击“还款”，使用账户中持有的资产手动偿还对应债务。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#bao-zheng-jin-yao-qiu-yu-di-ya-pin) 保证金要求与抵押品 Backpack上的现货杠杆交易使用与其他交易所相同的全仓保证金系统，具体包括： * 所有子账户资产都会按各自的抵押权重（折扣率）计入抵押品； * 系统会实时监控维持保证金，如果维持保证金率（等于维持保证金余额除以净值。）当该比率达到或超过100%时，您的账户将进入清算状态。 ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#guan-jian-gai-nian) 关键概念 1. **初始保证金：**开仓时所需的抵押品； 2. **维持保证金：**维持仓位不被强平所需的最低抵押品； 3. **仓位规模：**对于现货杠杆，您的超卖或超买部分都计入总风险敞口。 * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#wei-shen-me-wu-fa-shi-zhong-shi-yong-zui-da-gang-gan) 为什么无法始终使用最大杠杆 您的最大仓位规模取决于： * 抵押品折扣率（波动率高的资产抵押权重更低）； * 借贷池流动性（需要有足够的资产供您借入）； * 您的子账户可用权益。 因此，最大仓位规模并非简单的“余额×最大杠杆”，而是受到多重因素限制。 **举例** 假设您的子账户中有 100 USDC，系统允许最大杠杆为 10 倍。理论上，您可能会认为可以购买 1,000 美元的 SOL。 * 但USDC属于优质抵押品（折扣率较低）， * 而SOL因波动性较高，其抵押权重可能更低； * 当您用USDC买入SOL后，您的抵押品组合从“优质资产”变成了“风险资产”，系统可能限制您的最大SOL仓位为800 USDC，而不是1,000 USDC，以确保您的剩余抵押品足以覆盖SOL价格波动带来的潜在风险。 更多详情请参阅 **杠杆** 章节. * * * ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#li-yonglyu-li-l) 利用率与利率 现货杠杆借款与普通借贷共享同一套借贷池和规则，包括： * **利用率** = 已借出资产 / 出借池总资产 * **借款利率：**根据市场的利用率曲线动态调整，利用率越高，借款利率越高； * **出借利率：**等于借款利率×利用率，出借人会随着利用率上升获得更高收益。 由于现货杠杆直接使用统一借贷池，您的现货杠杆借款同样会按小时计息，具体费率可以在**借贷**页面实时查看每种资产的利率。 [更多详情请参阅 借贷 章节。](https://support.backpack.exchange/technical-docs/cn/jie-dai) [Previous杠杆chevron-left](https://support.backpack.exchange/technical-docs/cn/jiao-yi/gang-gan) [Next合约规则chevron-right](https://support.backpack.exchange/technical-docs/cn/jiao-yi/he-yue-gui-ze) Last updated 10 months ago * [开启现货杠杆](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#kai-qi-xian-huo-gang-gan) * [杠杆交易](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#gang-gan-jiao-yi) * [还款方式](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#hai-kuan-fang-shi) * [保证金要求与抵押品](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#bao-zheng-jin-yao-qiu-yu-di-ya-pin) * [关键概念](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#guan-jian-gai-nian) * [为什么无法始终使用最大杠杆](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#wei-shen-me-wu-fa-shi-zhong-shi-yong-zui-da-gang-gan) * [利用率与利率](https://support.backpack.exchange/technical-docs/cn/jiao-yi/xian-huo-gang-gan#li-yonglyu-li-l) --- # 借款 | Technical Docs 中文交易文档 | Backpack Exchange Backpack 允许用户借入资产，以满足多种使用场景，例如现货保证金交易。借入的资产将进入可用余额，用户可以用于下单或提现，前提是满足保证金要求。 与大多数借贷协议或产品不同，用户无需先向借贷池提供资产即可借款。只要子账户可用权益（Available Equity） 充足，用户即可开始借款。 以下是在 Backpack 借款的三种方式： ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jie-dai/jie-kuan#method-1-manual-borrow) **方法 1 - 手动借款** 用户可以在 出借页面的 借款选项卡中手动借款。 注意：自动借贷（Auto Lend） 设定会自动偿还子账户中的所有借款。因此，当 Auto Lend 开启时，**手动借款将被禁用**，因为所有手动借款会立即被自动偿还。在 Auto Lend 模式下，借款只能通过现货保证金或 保证金提现进行。 ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jie-dai/jie-kuan#method-2-spot-margin) **方法 2 - 现货保证金** 用户可以在下单界面勾选保证金（Margin）复选框，以自动借款。当用户使用超过当前持有资产的数量，或卖出未持有的资产时，将自动触发借款。例如：如果用户持有 USDC，但想要做空 ETH 现货，只需启用保证金模式并卖出 ETH，系统将自动借入 ETH，用户无需事先手动借款即可进行交易。 ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jie-dai/jie-kuan#method-3-margin-withdrawal) **方法 3 - 保证金提现** 用户还可以通过保证金提现借款，即提取当前未持有的资产。在 提现弹窗中勾选**保证金**复选框，即可借款提现。允许提现的最大金额将由当前可用权益确定。 ### [hashtag](https://support.backpack.exchange/technical-docs/cn/jie-dai/jie-kuan#repayment) 借款偿还 借款可以通过以下方式偿还： #### [hashtag](https://support.backpack.exchange/technical-docs/cn/jie-dai/jie-kuan#manual-repayment) **手动偿还** 如果用户持有所欠资产，可在交易页面的借款选项卡中点击“偿还”，或在 出借页面的**偿还**选项卡手动偿还。 • 注意：当 Auto Lend 开启时，手动偿还不可用，因为系统会自动偿还所有借款（前提是账户中有足够的可用余额）。 #### [hashtag](https://support.backpack.exchange/technical-docs/cn/jie-dai/jie-kuan#spot-margin) **现货保证金** 现货保证金交易的收益可用于自动偿还借款。例如：如果用户欠 1 SOL，当他们在保证金模式下购买 1 SOL 时，该 SOL 将自动用于偿还未偿还的借款。 #### [hashtag](https://support.backpack.exchange/technical-docs/cn/jie-dai/jie-kuan#depositing) **存款** 当 Auto Lend 开启时，所有借款将在账户有可用余额后自动偿还。例如：如果用户欠 1 SOL，只需向子账户存入 1 SOL，系统就会自动偿还该债务。 [Previous出借chevron-left](https://support.backpack.exchange/technical-docs/cn/jie-dai/chu-jie) [Next利用率与利率chevron-right](https://support.backpack.exchange/technical-docs/cn/jie-dai/li-yonglyu-li-l) Last updated 10 months ago * [方法 1 - 手动借款](https://support.backpack.exchange/technical-docs/cn/jie-dai/jie-kuan#method-1-manual-borrow) * [方法 2 - 现货保证金](https://support.backpack.exchange/technical-docs/cn/jie-dai/jie-kuan#method-2-spot-margin) * [方法 3 - 保证金提现](https://support.backpack.exchange/technical-docs/cn/jie-dai/jie-kuan#method-3-margin-withdrawal) * [借款偿还](https://support.backpack.exchange/technical-docs/cn/jie-dai/jie-kuan#repayment) --- # Криптовалюта | Справочные материалы | Backpack Exchange Депозиты и выводы криптовалюты на Backpack Exchange обрабатываются непосредственно он-чейн. * **Выводы**: переводите активы с вашего аккаунта Backpack Exchange на внешний блокчейн-адрес по вашему выбору. * **Депозиты**: переводите активы из внешнего кошелька на ваш аккаунт Backpack Exchange. Вы всегда можете проверить **минимальные суммы депозита и вывода** для каждого поддерживаемого актива на [странице Market Info Assetsarrow-up-right](https://backpack.exchange/market-info/assets) . Это помогает предотвратить неудачные транзакции, вызванные отправкой сумм ниже требуемого порога. circle-info ⏳ **Примечание о подтверждениях:** Депозиты требуют определенного количества блокчейн-подтверждений, прежде чем они появятся на вашем аккаунте. [PreviousДепозит и выводchevron-left](https://support.backpack.exchange/support-docs/ru/birzha/depozit-i-vyvod) [NextДепозитchevron-right](https://support.backpack.exchange/support-docs/ru/birzha/depozit-i-vyvod/kriptovalyuta/depozit) --- # Bắt Đầu Tại Đây | Tài liệu Hỗ trợ Tiếng Việt | Backpack Exchange Vui lòng tham khảo các bài viết hỗ trợ tự phục vụ toàn diện của chúng tôi bên dưới. Nếu bạn cần hỗ trợ trực tiếp, đừng ngần ngại liên hệ với đội ngũ của chúng tôi: * **Hỗ trợ qua email**: [\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) * **Hỗ trợ qua trò chuyện trực tiếp** truy cập trang [learn.backpack.exchangearrow-up-right](https://learn.backpack.exchange/) và nhấp vào chatbot ở góc dưới bên phải màn hình của bạn. * **Hỗ trợ cộng đồng**: tham gia máy chủ Discord của chúng tôi tại [https://discord.gg/backpackarrow-up-right](https://discord.gg/backpack) . [NextDownloadschevron-right](https://support.backpack.exchange/support-docs/vn/bat-dau-tai-day/downloads) Last updated 29 days ago --- # Backpack Wallet | Справочные материалы | Backpack Exchange [Terms and Conditionschevron-right](https://support.backpack.exchange/support-docs/ru/legal/backpack-wallet/terms-and-conditions) [Privacy Noticechevron-right](https://support.backpack.exchange/support-docs/ru/legal/backpack-wallet/privacy-notice) [PreviousUK Crypto Regulations & Risk Disclosurechevron-left](https://support.backpack.exchange/support-docs/ru/legal/uk-crypto-regulations-and-risk-disclosure) [NextTerms and Conditionschevron-right](https://support.backpack.exchange/support-docs/ru/legal/backpack-wallet/terms-and-conditions) --- # Account Functions | Backpack Exchange [Account Function Guidechevron-right](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide) [Sub-accountschevron-right](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts) [Convert Dust to USDchevron-right](https://support.backpack.exchange/exchange/exchange-account/account-functions/convert-dust-to-usd) [PreviousDelete Your Accountchevron-left](https://support.backpack.exchange/exchange/exchange-account/identity-verification/delete-your-account) [NextAccount Function Guidechevron-right](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide) --- # Account Function Guide | Backpack Exchange [How to View Your Account Information?chevron-right](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information) [How to Set Preferences and Notifications?chevron-right](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-set-preferences-and-notifications) [PreviousAccount Functionschevron-left](https://support.backpack.exchange/exchange/exchange-account/account-functions) [NextHow to View Your Account Information?chevron-right](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information) Last updated 2 months ago --- # Security | Backpack Exchange [Emailchevron-right](https://support.backpack.exchange/exchange/security/email) [2FAchevron-right](https://support.backpack.exchange/exchange/security/2fa) [Passkeychevron-right](https://support.backpack.exchange/exchange/security/passkey) [Reset Passwordchevron-right](https://support.backpack.exchange/exchange/security/reset-password) [Withdrawal Delaychevron-right](https://support.backpack.exchange/exchange/security/withdrawal-delay) [I Suspect Unauthorized Access to My Accountchevron-right](https://support.backpack.exchange/exchange/security/i-suspect-unauthorized-access-to-my-account) [Troubleshoot Connectivity Issueschevron-right](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues) [PreviousSell Your FTX International Claim via Backpack Exchangechevron-left](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange) [NextEmailchevron-right](https://support.backpack.exchange/exchange/security/email) Last updated 4 months ago --- # Email | Backpack Exchange [How to update my account email?chevron-right](https://support.backpack.exchange/exchange/security/email/how-to-update-my-account-email) [Troubleshooting Missing Backpack Emailschevron-right](https://support.backpack.exchange/exchange/security/email/troubleshooting-missing-backpack-emails) [PreviousSecuritychevron-left](https://support.backpack.exchange/exchange/security) [NextHow to update my account email?chevron-right](https://support.backpack.exchange/exchange/security/email/how-to-update-my-account-email) Last updated 2 months ago --- # How to Set Preferences and Notifications? | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-set-preferences-and-notifications#how-can-i-change-the-display-language-of-the-platform) **How can I change the display language of the platform?** Log into your exchange account → go to **Settings** → under the **Account** tab → **Preferences**, then select your preferred display language. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F9myYmy5LNwL56nAkmFY2%252Fimage.png%3Falt%3Dmedia%26token%3D7ceaf733-8234-481d-8b19-0f74e2c49865&width=768&dpr=4&quality=100&sign=212d4b10&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-set-preferences-and-notifications#how-can-i-manage-my-notification-settings) **How can I manage my notification settings?** * **Order Notifications**: When enabled, you will receive order notifications at the bottom right of the page, including successful order placements and executions. * **Audio Alerts**: When enabled, an audio notification will play after certain events. * **Mask Balances & Info**: When enabled, balances and account details (such as your email address) will be masked. * **Market Close Confirmation**: * If disabled: A market order will close your entire position without asking for confirmation. * If enabled: You can customize the quantity to close and view the expected PnL. * _Note: Positions with a notional value above $100,000 will always require confirmation._ * **Show Funding Rates Ticker**: When enabled, the funding rates ticker will be displayed at the bottom of the trading page. circle-info **Hover your mouse over the tooltip to view a detailed explanation of the term on the page.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FOurUDjhUrH7xD0PWITNM%252Fimage.png%3Falt%3Dmedia%26token%3Dcf388e27-946d-434f-8d1b-3485a6275cc3&width=768&dpr=4&quality=100&sign=ec535514&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-set-preferences-and-notifications#how-can-i-hide-my-trading-activity-from-the-leaderboard) **How can I hide my trading activity from the leaderboard?** Log into your exchange account → go to **Settings** → under the **Account** tab → **Leaderboards**, and enable **Visibility**. Once enabled, your activity will be hidden from the leaderboards. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FGLuODvbH6jv7zKbPmM7w%252Fimage.png%3Falt%3Dmedia%26token%3Df2981acb-f521-4646-8300-6144c5fda9e6&width=768&dpr=4&quality=100&sign=6030d489&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-set-preferences-and-notifications#how-can-i-add-my-contact-information) **How can I add my contact information?** If you would like to receive important updates or exclusive benefits: * Log into your exchange account → go to **Settings** → under the **Account** tab → **Contact Info,** click **Edit.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F2Wnk8qRVdAomkKExNntT%252Fimage.png%3Falt%3Dmedia%26token%3Da7a4a5a1-bbfd-49da-8357-ed164474fd6f&width=768&dpr=4&quality=100&sign=af10f87b&sv=2) * Select a social contact platform, enter your username or phone number, and click **Save**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FD91OwHUkPrv38TONz6WZ%252Fimage.png%3Falt%3Dmedia%26token%3D972bae09-02cc-40c2-9223-05691b6090dd&width=768&dpr=4&quality=100&sign=1e0e766e&sv=2) [PreviousHow to View Your Account Information?chevron-left](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information) [NextSub-accountschevron-right](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts) Last updated 2 months ago * [How can I change the display language of the platform?](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-set-preferences-and-notifications#how-can-i-change-the-display-language-of-the-platform) * [How can I manage my notification settings?](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-set-preferences-and-notifications#how-can-i-manage-my-notification-settings) * [How can I hide my trading activity from the leaderboard?](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-set-preferences-and-notifications#how-can-i-hide-my-trading-activity-from-the-leaderboard) * [How can I add my contact information?](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-set-preferences-and-notifications#how-can-i-add-my-contact-information) --- # Convert Dust to USD | Backpack Exchange Convert Dust helps you clean up your account, optimize fund usage, and manage your assets more efficiently. ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/convert-dust-to-usd#what-is-dust) What is Dust？ **“Dust”** refers to very small balances of cryptocurrencies left in your account after trading, fee deductions, or airdrops. These small amounts are usually too small to be traded or withdrawn individually. ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/convert-dust-to-usd#how-to-convert-dust-to-usd) How to Convert Dust to USD？ * Log into your exchange account and go to **Portfolio**. On the assets page, click **“Convert Dust.”** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Fp4TaGc7qeqTFi7tL4d8k%252Fimage.png%3Falt%3Dmedia%26token%3D90ccc16b-9e74-4ae7-adbb-841d1bf9d90b&width=768&dpr=4&quality=100&sign=13f0da4b&sv=2) * In the pop-up window, click **“Convert.”** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FLwHzZH6dz9IvDTZ75qUG%252Fimage.png%3Falt%3Dmedia%26token%3D886344f4-51a3-4e7e-bfaa-4337b52a4e1b&width=768&dpr=4&quality=100&sign=f7015a26&sv=2) [PreviousSub-accountschevron-left](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts) [NextSell Your FTX International Claim via Backpack Exchangechevron-right](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange) Last updated 4 months ago * [What is Dust？](https://support.backpack.exchange/exchange/exchange-account/account-functions/convert-dust-to-usd#what-is-dust) * [How to Convert Dust to USD？](https://support.backpack.exchange/exchange/exchange-account/account-functions/convert-dust-to-usd#how-to-convert-dust-to-usd) --- # Sub-accounts | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts#why-create-a-sub-account) Why Create a Sub-Account? Sub-accounts give you more control by keeping funds seperate. They’re ideal if you want to manage different strategies, or capital without everything tied to one account. Creating sub-accounts allows you to: * **Separate risk.** Losses or positions in one sub-account won’t affect funds over into others. * **Run multiple strategies.** Trade different approaches or portfolios independently. * **Move funds easily.** Transfer between your main account and sub-accounts for clear, simple capital management. Sub-accounts help you **trade smarter and safer** by keeping activities organized and risks contained. ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts#how-to-create-a-sub-account) How to Create a Sub-Account? 1. Log into your exchange account, click the account icon in the top right corner, then click **“Add Subaccount.”** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FAbNBIFeyTWITfRUHa6Rh%252Fimage.png%3Falt%3Dmedia%26token%3Db24366bd-1320-4edf-a21d-507aa0511092&width=768&dpr=4&quality=100&sign=2d96e049&sv=2) 1. Create a username and click **“Add Subaccount”** again to save. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FiMwUQa5nFbwWZqKVYh9J%252Fimage.png%3Falt%3Dmedia%26token%3Dc59ac7c6-17a5-46bd-8c5e-61cb90963842&width=768&dpr=4&quality=100&sign=661f8471&sv=2) ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts#frequently-asked-questions) Frequently Asked Questions chevron-right**How many sub-accounts can I create?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts#how-many-sub-accounts-can-i-create) Each account currently supports up to **10 sub-accounts**. chevron-right**Can I set different permissions for each sub-account?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts#can-i-set-different-permissions-for-each-sub-account) **Yes.** Each sub-account can be configured independently with different settings, such as: * Maximum leverage multiplier * Whether to enable auto-lending * Whether to enable notifications chevron-right**How to transfer funds between sub-accounts? Are there any fees?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts#how-to-transfer-funds-between-sub-accounts-are-there-any-fees) * **No fees for transfers between sub-accounts.** * Log into your exchange account, click the account icon in the top right corner, then click the **three dots** next to the account and select **Transfer In** or **Transfer Out.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FTFxUelwiHiR5wIr5IaGO%252Fimage.png%3Falt%3Dmedia%26token%3D491ba1a5-8a17-412d-a682-e8abfdc85d5b&width=768&dpr=4&quality=100&sign=e6411bdc&sv=2) * Choose the corresponding token, verify the source and destination accounts, and then click **“Transfer.”** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FK3N3ggPbNy7Df4NoWHvg%252Fimage.png%3Falt%3Dmedia%26token%3D5654cea2-7013-4bd4-9606-a9d14a63a71e&width=768&dpr=4&quality=100&sign=563f3ba1&sv=2) chevron-right**Can sub-accounts withdraw funds directly?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts#can-sub-accounts-withdraw-funds-directly) **Yes.** Each sub-account has its own deposit and withdrawal addresses, and users can deposit to or withdraw from a specific sub-account individually. chevron-right**Do sub-account trading volumes count toward VIP level or fee discounts?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts#do-sub-account-trading-volumes-count-toward-vip-level-or-fee-discounts) **Yes.** The trading volume from sub-accounts is aggregated with the main account and contributes to overall VIP tier and fee benefits. chevron-right**Can each sub-account have separate API keys?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts#can-each-sub-account-have-separate-api-keys) **Yes.** Sub-accounts can generate and manage their own API keys for trading and data access, with restrictions set by the main account. chevron-right**Can I export trading records and reports for sub-accounts separately?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts#can-i-export-trading-records-and-reports-for-sub-accounts-separately) **Yes.** Each sub-account has its own transaction history and report export function, which can be useful for auditing, accounting, or internal management. [PreviousHow to Set Preferences and Notifications?chevron-left](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-set-preferences-and-notifications) [NextConvert Dust to USDchevron-right](https://support.backpack.exchange/exchange/exchange-account/account-functions/convert-dust-to-usd) Last updated 2 months ago * [Why Create a Sub-Account?](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts#why-create-a-sub-account) * [How to Create a Sub-Account?](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts#how-to-create-a-sub-account) * [Frequently Asked Questions](https://support.backpack.exchange/exchange/exchange-account/account-functions/sub-accounts#frequently-asked-questions) --- # Troubleshooting Missing Backpack Emails | Backpack Exchange 1. **Ensure network connectivity.** * Please make sure your internet connection is stable. * In some regions, a global VPN may be required. 2. **Check your spam or junk folder.** * Then add the verification email address **[\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) ** to your whitelist and try again. 3. **Check if you are using a decentralized email (e.g., Dmail).** * Due to differences in architecture and protocols, such email services may sometimes be misclassified or incompatible with certain platforms’ mail systems. * If this is the case, we recommend following these steps to [update your email address.](https://support.backpack.exchange/exchange/security/email/how-to-update-my-account-email#how-to-change-your-backpack-exchange-account-email) **If you cannot resolve OTP issues after verifying the above solutions please reach out to Support via [\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) ** [PreviousHow to update my account email?chevron-left](https://support.backpack.exchange/exchange/security/email/how-to-update-my-account-email) [Next2FAchevron-right](https://support.backpack.exchange/exchange/security/2fa) Last updated 2 months ago --- # 2FA | Backpack Exchange [Enable 2FAchevron-right](https://support.backpack.exchange/exchange/security/2fa/enable-2fa) [Fixing Google Authenticator Code Errorschevron-right](https://support.backpack.exchange/exchange/security/2fa/fixing-google-authenticator-code-errors) [Reset 2FAchevron-right](https://support.backpack.exchange/exchange/security/2fa/reset-2fa) [PreviousTroubleshooting Missing Backpack Emailschevron-left](https://support.backpack.exchange/exchange/security/email/troubleshooting-missing-backpack-emails) [NextEnable 2FAchevron-right](https://support.backpack.exchange/exchange/security/2fa/enable-2fa) Last updated 2 months ago --- # How to update my account email? | Backpack Exchange At Backpack Exchange, protecting your account security is our top priority. To change your email address, please follow the steps below and submit the required information to [**\[email protected\]**envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#e794929797889593a78586848c9786848cc9829f848f86898082) . **Please note:** Email changes typically take **2–4 business days** to complete. * * * ### [hashtag](https://support.backpack.exchange/exchange/security/email/how-to-update-my-account-email#how-to-change-your-backpack-exchange-account-email) **How to Change Your Backpack Exchange Account Email** 1. **Send an email to Customer Support** * In the subject line, enter **“Email Change”**, **“Change Email”**, or similar. * If you do not receive a reply from Support within 48 hours, please send a follow-up email. 2. **Complete Sumsub Verification** * After receiving a reply from Support, you will be provided with a Sumsub verification link. * Access the link and complete the identity verification process. 3. **Reply to the email and submit the required identity information** * The information you need to provide includes, but is not limited to: **Name and Address Confirmation** * Please provide your full legal name and current residential address associated with your Backpack Exchange account. **Source of Income** * Please provide your primary source of income or occupation details for identity verification. **Transaction Details** * Provide as much detail as possible about your account transactions, including (but not limited to): * Transaction dates * Asset names * Asset amounts * Transaction hashes or IDs The “Transaction Details” can be checked by entering the wallet address at [arrow-up-right](https://solscan.io/) [Solscan.ioarrow-up-right](http://solscan.io/) . * * * #### [hashtag](https://support.backpack.exchange/exchange/security/email/how-to-update-my-account-email#review-process) **Review Process** * Once we receive your information, your account will be placed under a **48-hour security freeze**. * During this period, we will carefully review and verify your information to ensure account security. * After the review is approved and the security freeze period has ended, we will proceed with changing your email address. * * * #### [hashtag](https://support.backpack.exchange/exchange/security/email/how-to-update-my-account-email#contact-support) **Contact Support** If you have any questions or need further assistance, please contact Backpack Support at [**\[email protected\]**envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#20535550504f5254604241434b5041434b0e45584348414e4745) . We will guide you through the entire process to ensure a smooth and secure experience. Backpack Exchange is committed to maintaining the **security and integrity** of your account. Thank you for your understanding and cooperation! [PreviousEmailchevron-left](https://support.backpack.exchange/exchange/security/email) [NextTroubleshooting Missing Backpack Emailschevron-right](https://support.backpack.exchange/exchange/security/email/troubleshooting-missing-backpack-emails) Last updated 2 months ago --- # How to View Your Account Information? | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-view-my-username) **How can I view my username?** * After logging into your exchange account, click on your account in the top right corner to see the KYC name you registered with. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F8A5FhXy1JPUTNuJtjO7u%252Fe2a565058ef0a67094aad62182969a03.png%3Falt%3Dmedia%26token%3Df410ac86-a09a-4dfd-b61e-64e750cef556&width=768&dpr=4&quality=100&sign=6d1387ac&sv=2) * If you would like to view your **account alias**, go to **Settings** → under the **Account** tab → **Leaderboard**, where you will find your alias, and the alias of the account that referred you. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FI9b8AswPlnv8UxEVBQ25%252Fimage.png%3Falt%3Dmedia%26token%3Db4df920f-ee79-4fa5-a5e3-aff05fb614b9&width=768&dpr=4&quality=100&sign=a4645ba1&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-change-my-account-name) **How can I change my account name?** The name of the **main account cannot be changed**. Only sub-account nicknames can be customized. To change it: * Navigate to the sub-account. * Click **Portfolio**, then click **Edit**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FZdoOXV1dmzm3HktlQmuC%252Fimage.png%3Falt%3Dmedia%26token%3D98f73957-7c1b-49eb-995c-11cf13894e30&width=768&dpr=4&quality=100&sign=a05cf4cb&sv=2) * Enter your desired nickname and click **Save**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Fc8oJYk7lhwCvKHIO8aku%252Fimage.png%3Falt%3Dmedia%26token%3De5ee5206-c337-44f9-a2ee-8ef8ff27cf8e&width=768&dpr=4&quality=100&sign=992eae69&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-check-my-fee-tier) **How can I check my fee tier?** * Go to **Settings** → under the **Account** tab → **Fees**, where you can view your current spot and futures fee tier. * Fee tiers are determined based on your trading volume over the past 30 days. Please refer to the [fee schedule](https://support.backpack.exchange/exchange/trading/trading-fees) for more details. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F29RawEixJtlfr2INJLhh%252Fimage.png%3Falt%3Dmedia%26token%3D7d005f19-6c36-44b0-add7-669df45f6d3a&width=768&dpr=4&quality=100&sign=40a83855&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-view-my-account-balance-sheet) **How can I view my account balance sheet?** * After logging into your exchange account, go to **Portfolio** → under the **Account Overview** tab → click **Balance**, then click **Statements**. * Here you can view details such as assets, liabilities, and net equity for the sub-account. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FIyDo6NqpUoa1eHRBJat0%252Fimage.png%3Falt%3Dmedia%26token%3D7cf83ee0-c731-4eda-8b6f-8469b1bb1e46&width=768&dpr=4&quality=100&sign=b0d0f3be&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-check-my-recent-trading-volume) **How can I check my recent trading volume?** * After logging into your exchange account, go to **Portfolio** → click **Performance**. * Select the item you want to view, check **Cumulative**, and choose the time range to see your trading volume. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F0zfvAMyWPnFpVpGFPjmO%252Fimage.png%3Falt%3Dmedia%26token%3Dd754e13e-5821-4688-b12a-d0ecf5a96a52&width=768&dpr=4&quality=100&sign=bd9bbda7&sv=2) ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-change-the-display-language-of-the-platform) **How can I change the display language of the platform?** Log into your exchange account → go to **Settings** → under the **Account** tab → **Preferences**, then select your preferred display language. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F9myYmy5LNwL56nAkmFY2%252Fimage.png%3Falt%3Dmedia%26token%3D7ceaf733-8234-481d-8b19-0f74e2c49865&width=768&dpr=4&quality=100&sign=212d4b10&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-manage-my-notification-settings) **How can I manage my notification settings?** * **Order Notifications**: When enabled, you will receive order notifications at the bottom right of the page, including successful order placements and executions. * **Audio Alerts**: When enabled, an audio notification will play after certain events. * **Mask Balances & Info**: When enabled, balances and account details (such as your email address) will be masked. * **Market Close Confirmation**: * If disabled: A market order will close your entire position without asking for confirmation. * If enabled: You can customize the quantity to close and view the expected PnL. * _Note: Positions with a notional value above $100,000 will always require confirmation._ * **Show Funding Rates Ticker**: When enabled, the funding rates ticker will be displayed at the bottom of the trading page. circle-info **Hover your mouse over the tooltip to view a detailed explanation of the term on the page.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FOurUDjhUrH7xD0PWITNM%252Fimage.png%3Falt%3Dmedia%26token%3Dcf388e27-946d-434f-8d1b-3485a6275cc3&width=768&dpr=4&quality=100&sign=ec535514&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-hide-my-trading-activity-from-the-leaderboard) **How can I hide my trading activity from the leaderboard?** Log into your exchange account → go to **Settings** → under the **Account** tab → **Leaderboards**, and enable **Visibility**. Once enabled, your activity will be hidden from the leaderboards. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FGLuODvbH6jv7zKbPmM7w%252Fimage.png%3Falt%3Dmedia%26token%3Df2981acb-f521-4646-8300-6144c5fda9e6&width=768&dpr=4&quality=100&sign=6030d489&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-add-my-contact-information) **How can I add my contact information?** If you would like to receive important updates or exclusive benefits: * Log into your exchange account → go to **Settings** → under the **Account** tab → **Contact Info,** click **Edit.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F2Wnk8qRVdAomkKExNntT%252Fimage.png%3Falt%3Dmedia%26token%3Da7a4a5a1-bbfd-49da-8357-ed164474fd6f&width=768&dpr=4&quality=100&sign=af10f87b&sv=2) * Select a social contact platform, enter your username or phone number, and click **Save**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FD91OwHUkPrv38TONz6WZ%252Fimage.png%3Falt%3Dmedia%26token%3D972bae09-02cc-40c2-9223-05691b6090dd&width=768&dpr=4&quality=100&sign=1e0e766e&sv=2) [PreviousAccount Function Guidechevron-left](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide) [NextHow to Set Preferences and Notifications?chevron-right](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-set-preferences-and-notifications) Last updated 2 months ago * [How can I view my username?](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-view-my-username) * [How can I change my account name?](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-change-my-account-name) * [How can I check my fee tier?](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-check-my-fee-tier) * [How can I view my account balance sheet?](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-view-my-account-balance-sheet) * [How can I check my recent trading volume?](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-check-my-recent-trading-volume) * [How can I change the display language of the platform?](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-change-the-display-language-of-the-platform) * [How can I manage my notification settings?](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-manage-my-notification-settings) * [How can I hide my trading activity from the leaderboard?](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-hide-my-trading-activity-from-the-leaderboard) * [How can I add my contact information?](https://support.backpack.exchange/exchange/exchange-account/account-functions/account-function-guide/how-to-view-your-account-information#how-can-i-add-my-contact-information) --- # Enable 2FA | Backpack Exchange 🔐 Enabling 2FA is one of the most effective ways to keep your account and funds safe. We strongly recommend activating 2FA immediately after registration. 1. Log into your exchange account, click the **Settings** button in the top right corner, and select **Security**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FE0cPcXAsoebovDcQbyhs%252Fimage.png%3Falt%3Dmedia%26token%3D5b3364b7-a495-4b78-969b-4ee6cab524c4&width=768&dpr=4&quality=100&sign=4ecd4f61&sv=2) 1. Under the **2FA** section, click **Enable**, then enter the one-time passcode (OTP) sent to your registered email and click **Submit**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FmMC0zVIxVsmmkdd2mjok%252Fimage.png%3Falt%3Dmedia%26token%3D8607d224-cb3d-42ff-a3c2-7694f87d6dfe&width=768&dpr=4&quality=100&sign=449de152&sv=2) 1. Scan the QR code with an authenticator app (e.g., Google Authenticator), then enter the **Verification Code** in the field below and click **Verify**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F2hbIuGstdemdizcMNua9%252Fimage.png%3Falt%3Dmedia%26token%3D3c59961e-0e25-472a-a82b-d6bf69f60845&width=768&dpr=4&quality=100&sign=edb2c0e3&sv=2) 🎉Setup complete! [Previous2FAchevron-left](https://support.backpack.exchange/exchange/security/2fa) [NextFixing Google Authenticator Code Errorschevron-right](https://support.backpack.exchange/exchange/security/2fa/fixing-google-authenticator-code-errors) Last updated 2 months ago --- # Fixing Google Authenticator Code Errors | Backpack Exchange The most common fixes for OTP (One Time Pass) code issues: 1. Look for OTP code in your 2FA app **(not email)**. 2. Sync your 2FA app device and Exchange login device to **the same timezones.** 3. Do you have **multiple 2FA apps** downloaded? Make sure you're checking in the correct one. **If you cannot resolve OTP issues after verifying the above solutions please reach out to Support via [\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) ** [PreviousEnable 2FAchevron-left](https://support.backpack.exchange/exchange/security/2fa/enable-2fa) [NextReset 2FAchevron-right](https://support.backpack.exchange/exchange/security/2fa/reset-2fa) Last updated 2 months ago --- # Sell Your FTX International Claim via Backpack Exchange | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#overview) Overview Backpack Exchange has partnered with an independent institutional buyer to facilitate the purchasing of eligible FTX International bankruptcy claims through our platform. This service allows you to sell your claim and receive USDC directly in your Backpack Exchange account. We have put together the following FAQs based on information provided to us by FTX Creditors. Kindly note that Backpack, however, is not affiliated with FTX Creditors and the FTX Creditors portal is solely provided by Backpack as a convenience for our users. We have no discretion, control or authority over FTX Creditors and how they adjudicate or pay out claim holders. * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#before-you-start) Before You Start #### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#eligibility-requirements) Eligibility Requirements * Valid FTX International bankruptcy claim * Access to your [claims.ftx.comarrow-up-right](https://claims.ftx.com/) credentials * Claim Amount > $500 * Backpack Accounts with Verified KYC * Government-issued photo ID * Proof of address (dated within 90 days) * Additional documentation may be required for larger claims #### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#what-youll-need-ready) What You'll Need Ready * Email and password for [claims.ftx.comarrow-up-right](https://claims.ftx.com/) * Access to your 6-digit OTP authenticator app (required for automated process) * Required documents (listed above) * Active Backpack Exchange account ⚠️ **Important:** 1. To use the automated claims process, please switch to an authenticator app (e.g., Google Authenticator). 1. Log in to your FTX account and to to '**My Account'** → Click '**Settings'** (top-right corner). ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FHjxMZgVBYqnpecO6bPDE%252Fimage.png%3Falt%3Dmedia%26token%3D66281535-bc1a-4de4-87b4-1b8f6dad665a&width=768&dpr=4&quality=100&sign=21c5ac86&sv=2) 2. Select '**Switch Device'** → Choose '**Switch to Authenticator'.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F7UEouVkPYhChr0aONni5%252Fimage.png%3Falt%3Dmedia%26token%3D225c61c5-02da-4a31-aedb-7ef3841ac440&width=768&dpr=4&quality=100&sign=c094c136&sv=2) 3. Follow the prompts to enter your old and new 2FA codes, then submit. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FDcZq2HPA9oRAsPH0jPj4%252Fimage.png%3Falt%3Dmedia%26token%3D303bf54a-e8b6-4215-8753-ef87052086eb&width=768&dpr=4&quality=100&sign=d8119bac&sv=2) ⚠️ **Note:** If you currently use email-based 2FA for [claims.ftx.comarrow-up-right](https://claims.ftx.com/) , you'll need to switch to an authenticator app to use the automated claims buying process. 2. Before accessing the claims page, please disable any auto-translation plugins. * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#step-by-step-process) Step-by-Step Process #### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#step-1-access-the-ftx-claims-portal) Step 1: Access the FTX Claims Portal 1. Log in to [Backpack Exchangearrow-up-right](https://backpack.exchange/) (web version) 2. Navigate to **FTX Claims** in the top menu * Or go directly to: [https://backpack.exchange/ftx-claimsarrow-up-right](https://backpack.exchange/ftx-claims) #### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#step-2-authenticate-your-claim) Step 2: Authenticate Your Claim 1. Enter your [claims.ftx.comarrow-up-right](https://claims.ftx.com/) credentials: * Email address * Password * 6-digit OTP from your authenticator * Email-based 2FA is not supported. Please switch to an authenticator app on claims.ftx.com first. 2. Accept both required consents: * You accept the buyer's Terms of Service & Privacy Policy * You acknowledge that the claims buyer is an independent third party not affiliated with Backpack #### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#step-3-review-your-claim-summary) Step 3: Review Your Claim Summary Check your claim status: * **Bid Received** → Total offer amount will be displayed * **Awaiting Offer** → You'll receive an email notification when ready #### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#step-4-accept-the-bid) Step 4: Accept the Bid Review the offered amount and click **Accept** if you're satisfied with the price. #### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#step-5-complete-kyc-verification) Step 5: Complete KYC Verification When prompted, click **Complete KYC Verification** and upload the following in the secure Sumsub window: **Required Documents:** * Government photo ID * Live selfie * Proof of address (≤90 days old) * Additional documentation may be required for larger claims After submitting your documents, you'll receive an email notification confirming the status of your KYC verification. #### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#step-6-complete-and-submit-irs-form) Step 6: **Complete and Submit IRS Form** * Click '**STEP 7'** to generate tax forms (_this option will not be checked for users who have not submitted_). ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FUkRqbESrVVUHoNqa2cot%252Fimage.png%3Falt%3Dmedia%26token%3De8382e3a-83a0-424f-abe5-48df4323be09&width=768&dpr=4&quality=100&sign=2df652f0&sv=2) * Fill out the form as prompted. ⚠️ **Note:** If a user fails to submit the required documents within **60 days** of the second notice to submit it, the debtor _will_ attempt to expunge their claim as this is part of the _Pre Distribution Requirements_ #### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#step-7-sign-transfer-agreement) Step 7: Sign Transfer Agreement Complete the DocuSign Claim Transfer Agreement that will be emailed to you. #### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#step-8-receive-payment) Step 8: Receive Payment After the buyer countersigns the agreement, USDC will be deposited directly into your Backpack Exchange account. You can trade or withdraw instantly. * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#processing-timeline) Processing Timeline Claim Amount Processing Time **Standard Claims** Usually within 24 hours from document signing **Larger Claims** May require additional verification and take longer to process * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#troubleshooting) Troubleshooting #### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#common-issues) Common Issues * **Can't access claims.ftx.com?** Ensure you're using the correct email and that your OTP authenticator is working * **Account locked after failed login attempts?** Repeated incorrect passwords will trigger a cooldown period on claims.ftx.com. You'll need to wait for the lockout period to expire before trying again. * **Documents rejected?** Check that all documents are clear, recent (≤90 days for address proof), and match your identity * **Payment delayed?** Larger claims may require additional verification and take longer to process * **Experiencing errors?** Please disable any Google Translator plugins or browser translation features before starting the claims process. These can interfere with the portal and cause errors. Make sure to use the site in its original English version. * **Do NOT click the login confirmation email from claims.ftx.com.** Since the login process is handled on your behalf, clicking that email link will cause authentication errors and prevent you from accessing your claim. Simply ignore these confirmation emails during the claims selling process. * If you encounter an error during the process, wait **20 minutes** before retrying until you successfully proceed to the '**Email Verification Required'** page (or the next step). ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F7job2LwolUDimrp3iT0X%252Fimage.png%3Falt%3Dmedia%26token%3Da4fcf787-7161-482b-afcd-b60459ec42e3&width=768&dpr=4&quality=100&sign=55671e9f&sv=2) ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Fz8Bbl4BUwk5oJlaMkAC6%252Fimage.png%3Falt%3Dmedia%26token%3D4fe64233-f41f-42cf-8a13-0bc23f6fc51d&width=768&dpr=4&quality=100&sign=1cf7e784&sv=2) * When forwarding emails, **do not click any links** or the '**Reset & Continue'** button. Simply forward the email and **wait patiently** for the page to auto-refresh (this may take up to **20 minutes**). ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FjQfR6z95H2Bqmsa88Nrr%252Fimage.png%3Falt%3Dmedia%26token%3D679aacd8-604e-46b2-9c80-7ee66aa8d3c8&width=768&dpr=4&quality=100&sign=f9d039f5&sv=2) * **Document Upload Requirements:** * **Identity Verification:** Only a **valid passport** is accepted. * **Proof of Address:** A **credit card statement** is preferred. * **KYC Verification:** Ensure both your **computer and mobile device** are on the **same network** if used simultaneously. * If the page displays '**Manual Review in Progress'**, please wait patiently and monitor your email for updates. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FeUO6GOK0VQQp2qZcKcTT%252Fimage.png%3Falt%3Dmedia%26token%3D1289459a-edc1-4fdb-a74e-11dfe3cbb366&width=768&dpr=4&quality=100&sign=294ecd08&sv=2) * If you see '**Offer Acceptance Failed'** or '**Claim Denied'**, contact **Backpack Support** and provide your **FTX account** and **claim code**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Fo8hl9lRPyUl2akHV81TQ%252Fimage.png%3Falt%3Dmedia%26token%3D87069d48-b96a-43c0-a73e-bb00028dbf6a&width=768&dpr=4&quality=100&sign=cc4e135a&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#frequently-asked-questions) Frequently-asked questions We have put together the following FAQs based on information provided to us by FTX Creditors. Kindly note that Backpack, however, is not affiliated with FTX Creditors and the FTX Creditors portal is solely provided by Backpack as a convenience for our users. We have no discretion, control or authority over FTX Creditors and how they adjudicate or pay out claim holders. chevron-right**Who is eligible to use this service?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#who-is-eligible-to-use-this-service) Users who have registered on **claims.ftx.com** and hold a valid FTX International claim may proceed. chevron-right**FTX Users Opting for the Bahamas Liquidation Process?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#ftx-users-opting-for-the-bahamas-liquidation-process) If you wish to transfer your FTX claim payout assets to Backpack Exchange, you may also apply to sell your claim. Please follow the steps below: 1. **Submit a Request:** * Email [**\[email protected\]**arrow-up-right](https://mailto:claims@ftxcreditor.com/) and CC [**\[email protected\]**arrow-up-right](https://mailto:support@backpack.exchange/) . 2. **Provide Required Details:** * Include your **Backpack Exchange ETH mainnet deposit address** as the designated recipient for the payout. 3. **Follow Instructions:** * Proceed with the next steps as outlined in the reply to your email. chevron-right**Which documents do I need to provide during KYC?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#which-documents-do-i-need-to-provide-during-kyc) A government ID, live selfie, proof-of-address dated within 90 days. Additional documentation may be required for larger claims. chevron-right**Are claims for corporate entities eligible for sale?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#are-claims-for-corporate-entities-eligible-for-sale) No - only individual (natural-person) claim holders are eligible chevron-right**My account is locked after failed login attempts. What should I do?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#my-account-is-locked-after-failed-login-attempts.-what-should-i-do) Repeated incorrect passwords will trigger a cooldown period on claims.ftx.com. You'll need to wait for the lockout period to expire before trying again. chevron-right**I'm experiencing errors during the claims process. What should I check?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#im-experiencing-errors-during-the-claims-process.-what-should-i-check) Please disable any Google Translator plugins or browser translation features before starting the claims process. These can interfere with the portal and cause errors. Make sure to use the site in its original English version. chevron-right**How can I determine the value of my FTX International claim before I start?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#how-can-i-determine-the-value-of-my-ftx-international-claim-before-i-start) Use the customer-code lookup inside the FTX Claims portal; it returns an estimated face value based on court records. chevron-right**My claim is under USD 10 000 — what options do I have?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#my-claim-is-under-usd-10-000-what-options-do-i-have) Small claims may still accepted, but the buyer may offer a lower price or bundle them for efficiency. chevron-right**Why is my claim marked “Disputed” or “Contingent” and can I still sell it?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#why-is-my-claim-marked-disputed-or-contingent-and-can-i-still-sell-it) These labels come from the bankruptcy schedules. You can still apply, but the buyer may request extra documentation before making an offer. chevron-right**Do I pay any platform fees to Backpack?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#do-i-pay-any-platform-fees-to-backpack) No — Backpack charges nothing. We do not take any fees whatsoever and the services are provided solely as a convenience for our users. chevron-right**What currency will I receive after the sale closes?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#what-currency-will-i-receive-after-the-sale-closes) **USDC** credited to your Backpack Exchange account. chevron-right**Can I receive fiat instead of USDC?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#can-i-receive-fiat-instead-of-usdc) No. Once the USDC is credited to your Backpack account, you can withdraw USDC or send a USD wire from your Backpack Exchange account. chevron-right**How long does settlement take once I’ve signed the agreement?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#how-long-does-settlement-take-once-ive-signed-the-agreement) Generally, based on information provided to us, most claims are within 24 hours from document signing. Larger claims may require additional verification and take longer to process. chevron-right**Can I sell only part of my claim?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#can-i-sell-only-part-of-my-claim) Not at present — only sales of the full claim amount are supported. chevron-right**What happens if my KYC submission is rejected?**[hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#what-happens-if-my-kyc-submission-is-rejected) You’ll receive instructions to resubmit clearer images or alternate ID. **Still have questions?** Visit the in‑depth **FTX Creditor FAQ** for additional details: [https://www.ftxcreditor.com/faq](https://support.backpack.exchange/technical-docs/vn/) * * * ### [hashtag](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#need-help) Need help? **Email**: [\[email protected\]envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#ee8d828f87839dae889a968d9c8b8a879a819cc08d8183) [PreviousConvert Dust to USDchevron-left](https://support.backpack.exchange/exchange/exchange-account/account-functions/convert-dust-to-usd) [NextSecuritychevron-right](https://support.backpack.exchange/exchange/security) Last updated 2 months ago * [Overview](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#overview) * [Before You Start](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#before-you-start) * [Step-by-Step Process](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#step-by-step-process) * [Processing Timeline](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#processing-timeline) * [Troubleshooting](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#troubleshooting) * [Frequently-asked questions](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#frequently-asked-questions) * [Need help?](https://support.backpack.exchange/exchange/exchange-account/sell-your-ftx-international-claim-via-backpack-exchange#need-help) --- # Reset 2FA | Backpack Exchange To reset your 2FA, please follow the steps below and submit the required information to **[\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) **. ⚠️**Please note:** 2FA reset typically takes around **48 hours** to complete. * * * 1. **Send an email to Customer Support** * In the subject line, enter **“2FA Reset”**, **“2FA Recovery”**, or similar. * **Important:** The reset request **must** be sent from the email address registered with your Backpack Exchange account. * If you do not receive a reply from Support within 48 hours, please send a follow-up email. 2. **Complete Sumsub Verification** * After receiving a reply from Support, you will be provided with a Sumsub verification link. * Access the link and complete the identity verification process. 3. **Reply to the email and submit the required identity information** * The information you need to provide includes, but is not limited to: **Name and Address Confirmation** * Please provide your full legal name and current residential address associated with your Backpack Exchange account. **Source of Income** * Please provide your primary source of income or occupation details for identity verification. **Transaction Details** * Provide as much detail as possible about your account transactions, including (but not limited to): * Transaction dates * Asset names * Asset amounts * Transaction hashes or IDs The “Transaction Details” can be checked by entering the wallet address at [arrow-up-right](https://solscan.io/) [Solscan.ioarrow-up-right](http://solscan.io/) . * * * **Processing** * Once you have completed the Sumsub verification and submitted all required information, Customer Support will begin processing your 2FA reset. [PreviousFixing Google Authenticator Code Errorschevron-left](https://support.backpack.exchange/exchange/security/2fa/fixing-google-authenticator-code-errors) [NextPasskeychevron-right](https://support.backpack.exchange/exchange/security/passkey) Last updated 2 months ago --- # Passkey | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/security/passkey#what-is-a-passkey) What is a passkey? A Passkey is a modern, passwordless sign-in method that uses your device to verify your identity. It replaces passwords with cryptographic keys and device authentication. ### [hashtag](https://support.backpack.exchange/exchange/security/passkey#how-does-a-passkey-work) How does a Passkey work? When you create a Passkey: * Your device generates a **public key** and a **private key** * The **public key** is saved by the exchange * The **private key** stays securely on your device or Passkey manager When you sign in, your device proves ownership of the private key without revealing it. ### [hashtag](https://support.backpack.exchange/exchange/security/passkey#is-using-passkey-safe) Is using Passkey safe? Yes. Passkeys use industry-standard cryptography and are designed to be more secure than passwords while being easier to use. ### [hashtag](https://support.backpack.exchange/exchange/security/passkey#frequently-asked-questions-about-passkey) Frequently Asked Questions About Passkey chevron-right**How do passkeys compare to passwords?**[hashtag](https://support.backpack.exchange/exchange/security/passkey#how-do-passkeys-compare-to-passwords) Passkeys work differently than traditional passwords: * They are unique to each account and bound to your device. * They use biometric or PIN verification on your device instead of something you type. * Because of this, they are less vulnerable to phishing and credential reuse. chevron-right**Which devices and browsers support passkeys?**[hashtag](https://support.backpack.exchange/exchange/security/passkey#which-devices-and-browsers-support-passkeys) Passkeys are supported on most modern devices and browsers, including iOS, Android, Windows, macOS, and browsers such as Chrome, Safari, and Edge. Support may vary depending on your device and operating system version. chevron-right**Can I use passkeys across multiple devices? / What if I login from a new device?**[hashtag](https://support.backpack.exchange/exchange/security/passkey#can-i-use-passkeys-across-multiple-devices-what-if-i-login-from-a-new-device) * If your Passkey is synced with a cloud service (such as iCloud or 1Password), you can use it on all your synced devices. * If cloud sync is not enabled, you can add Passkeys separately on each device. Each device will have its own Passkey for secure login. chevron-right**Do passkeys replace Two-Factor Authentication (2FA)?**[hashtag](https://support.backpack.exchange/exchange/security/passkey#do-passkeys-replace-two-factor-authentication-2fa) Passkeys can serve as a strong alternative to passwords and may reduce the need for 2FA in some cases. However, on certain high-security actions (e.g., withdrawals), additional 2FA may still be required. chevron-right**Where are my passkeys stored?**[hashtag](https://support.backpack.exchange/exchange/security/passkey#where-are-my-passkeys-stored) Passkeys are stored securely on your device and may be synced via trusted services such as iCloud Keychain (Apple) or Google Password Manager. They are never stored on the exchange’s servers. chevron-right**What if my device is lost or stolen?**[hashtag](https://support.backpack.exchange/exchange/security/passkey#what-if-my-device-is-lost-or-stolen) If your device is lost, you can still log in using your backup login method (password + 2FA) and remove the lost device’s passkey from your account settings. For maximum security, update your account credentials immediately. chevron-right**Can someone steal my passkey?**[hashtag](https://support.backpack.exchange/exchange/security/passkey#can-someone-steal-my-passkey) Passkeys cannot be phished or copied like traditional passwords. Even if a someone has your account email, they cannot access your account without your registered device and biometric/PIN verification. chevron-right**Can I turn off passleys after enabling them?**[hashtag](https://support.backpack.exchange/exchange/security/passkey#can-i-turn-off-passleys-after-enabling-them) Yes. You can disable Passkey at any time in your account security settings and revert to using your password + 2FA login method. chevron-right**Are passkeys required for withdrawals?**[hashtag](https://support.backpack.exchange/exchange/security/passkey#are-passkeys-required-for-withdrawals) By default, Passkeys are used for login authentication. For withdrawals and other sensitive actions, additional verification (such as 2FA) may still be required for enhanced security. [PreviousReset 2FAchevron-left](https://support.backpack.exchange/exchange/security/2fa/reset-2fa) [NextEnable Passkeychevron-right](https://support.backpack.exchange/exchange/security/passkey/enable-passkey) Last updated 29 days ago * [What is a passkey?](https://support.backpack.exchange/exchange/security/passkey#what-is-a-passkey) * [How does a Passkey work?](https://support.backpack.exchange/exchange/security/passkey#how-does-a-passkey-work) * [Is using Passkey safe?](https://support.backpack.exchange/exchange/security/passkey#is-using-passkey-safe) * [Frequently Asked Questions About Passkey](https://support.backpack.exchange/exchange/security/passkey#frequently-asked-questions-about-passkey) --- # Enable Passkey | Backpack Exchange [hashtag](https://support.backpack.exchange/exchange/security/passkey/enable-passkey#web-or-how-to-enable-passkey) Web | How to Enable Passkey --------------------------------------------------------------------------------------------------------------------------------------------------- #### [hashtag](https://support.backpack.exchange/exchange/security/passkey/enable-passkey#before-you-start) **Before You Start** * Use a Passkey-supported browser (Chrome, Safari, or Edge) * Make sure device lock is enabled (Face ID, fingerprint, or PIN) * Choose a Passkey manager: * System built-in (e.g. iCloud Passwords) * Third-party (e.g. 1Password, with browser extension installed and unlocked) > **We recommend enabling cloud sync. It does not reduce Passkey security and helps prevent login issues when changing, resetting, or losing your device.** #### [hashtag](https://support.backpack.exchange/exchange/security/passkey/enable-passkey#steps-to-enable-passkey-web) **Steps to Enable Passkey (Web)** 1. Log into your exchange account, click the **Settings** button in the top right corner, and select **Security,** under the **Passkey** section, click **Enable.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FpDNsR1t8kLMGTn9GduZP%252Fimage.png%3Falt%3Dmedia%26token%3Dd7e013d8-eb01-4ace-bfb6-d61a1ad077b4&width=768&dpr=4&quality=100&sign=d0f6d684&sv=2) 1. Enter the **6-digit code** from your authenticator app linked to your account, and click **Add Passkey**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FnkgoFOkVkLA4bqMYQb1K%252Fimage.png%3Falt%3Dmedia%26token%3Ddbcdd53c-5932-4b81-9b52-70f8f7835445&width=768&dpr=4&quality=100&sign=f962bcb3&sv=2) 1. Select your **browser’s password manager**, or set up your **device fingerprint or a PIN** to save your passkey for use on backpack.exchange. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FXWPimQmSiwu211xrHamk%252Fimage.png%3Falt%3Dmedia%26token%3D3d89b22c-41b0-4806-b30e-88ab8cd97f4f&width=768&dpr=4&quality=100&sign=f6ac46f9&sv=2) 1. Then follow the on-screen instructions based on your selected method. [hashtag](https://support.backpack.exchange/exchange/security/passkey/enable-passkey#app-or-how-to-enable-passkey) App | How to Enable Passkey --------------------------------------------------------------------------------------------------------------------------------------------------- #### [hashtag](https://support.backpack.exchange/exchange/security/passkey/enable-passkey#before-you-start-1) **Before You Start** * Update the exchange app to the latest version * Use a device that supports Passkeys * Enable device lock (Face ID, fingerprint, or PIN) * Set up a Passkey manager: * iOS: iCloud Passwords * Android: Google Password Manager * Or a third-party app (e.g. 1Password) ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FFRRDl9iDxxjiQbnAoUIQ%252Fe3825ff11eb3471f93d6b7319ef4ffb7.jpg%3Falt%3Dmedia%26token%3D1987c7e6-fc74-4db3-b774-37ecbb3501ea&width=768&dpr=4&quality=100&sign=95ba51ac&sv=2) #### [hashtag](https://support.backpack.exchange/exchange/security/passkey/enable-passkey#steps-to-enable-passkey-app) **Steps to Enable Passkey (App)** 1. Log in to your exchange account, click your **profile icon**, then select **Settings**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F62n7DJNcg2UieI5EDiWF%252Fimage.png%3Falt%3Dmedia%26token%3D09ef18f2-c515-44cf-866c-6df2034e5f3d&width=768&dpr=4&quality=100&sign=7c07d169&sv=2) 1. Go to **Security**, turn on **Require PIN/Face ID**, then click **Passkey Setup**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FZIvpyO2bHTPkCO0xI8D4%252Fimage.png%3Falt%3Dmedia%26token%3D04fa65af-80c6-4349-b640-142fc5ae0445&width=768&dpr=4&quality=100&sign=c88fdf3a&sv=2) 1. Click **Continue**, enter the **6-digit code** from your authenticator app, and click **Submit**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FJZJg7GKY6WguiQbpTADF%252Fimage.png%3Falt%3Dmedia%26token%3D9d74331d-0d44-4395-9a72-ba2179423855&width=768&dpr=4&quality=100&sign=8e2b87fa&sv=2) 1. Click **Add Passkey** — setup completed. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Foa3g4UP0D1bw9UbgwZ6s%252Fimage.png%3Falt%3Dmedia%26token%3Dd465fdbf-ae55-4696-bb20-7afcc09eb252&width=768&dpr=4&quality=100&sign=ce674324&sv=2) [PreviousPasskeychevron-left](https://support.backpack.exchange/exchange/security/passkey) [NextReset Passwordchevron-right](https://support.backpack.exchange/exchange/security/reset-password) Last updated 29 days ago * [Web | How to Enable Passkey](https://support.backpack.exchange/exchange/security/passkey/enable-passkey#web-or-how-to-enable-passkey) * [App | How to Enable Passkey](https://support.backpack.exchange/exchange/security/passkey/enable-passkey#app-or-how-to-enable-passkey) --- # Reset Password | Backpack Exchange If you’ve forgotten your password, don’t worry — resetting it is quick and easy. * * * ### [hashtag](https://support.backpack.exchange/exchange/security/reset-password#step-by-step-guide-to-reset-your-password) Step-by-Step Guide to Reset Your Password 1. **Access the Login Page** * Visit the Backpack Exchange login page. * If you can’t remember your password, click the **“Forgot Password”** link. 2. **Click on “Forgot Password”** * After clicking the link, you’ll be directed to a new page. 3. **Enter Your Email Address** * On the reset password page, enter the email address associated with your Backpack Exchange account. * Click the **“Next”** button. 4. **Check Your Email** * You’ll receive an email from Backpack Exchange with a reset link. * Open the email and click **“Reset Password.”** 5. **Follow the Prompts** * After clicking the link, you’ll be taken to a page to set a new password. * Choose a **strong password** that you haven’t used before. 6. **Access Your Account** * Return to the Backpack Exchange login page. * Sign in with your email and new password. * * * 🎉 **And that’s it!** You’ve successfully reset your password and can now continue using Backpack Exchange. 💡 **Tip:** Keep your password safe and consider using a **password manager** for secure storage. [PreviousEnable Passkeychevron-left](https://support.backpack.exchange/exchange/security/passkey/enable-passkey) [NextWithdrawal Delaychevron-right](https://support.backpack.exchange/exchange/security/withdrawal-delay) Last updated 29 days ago --- # Withdrawal Delay | Backpack Exchange **Withdrawal Delay** adds a user-defined waiting period to withdrawals **sent to new external addresses**, giving you time to detect and stop unauthorized activity. * * * ### [hashtag](https://support.backpack.exchange/exchange/security/withdrawal-delay#why-withdrawal-delay-is-needed) Why Withdrawal Delay Is Needed？ Withdrawal Delay is a **last-line defense** against irreversible on-chain mistakes and unauthorized transfers. It creates a short, controlled window to **review, detect, and cancel** suspicious withdrawals **before** they are broadcast to the blockchain. **What it protects you from** * **Human error:** Typos or copy-paste mistakes when sending to a **new external address**. * **Clipboard hijacking/malware:** Malicious software replacing the intended address with an attacker’s. * **Account misuse:** Unauthorized withdrawals initiated by someone who obtained your credentials. * * * ### [hashtag](https://support.backpack.exchange/exchange/security/withdrawal-delay#how-to-enable-withdrawal-delay) **How To Enable Withdrawal Delay？** 1. Go to **Settings**. * Open the **Security** tab. * In the **Withdrawal Delay** row, click **Enable**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FEG6gbCS9zsMXwE7ylhKD%252Fimage.png%3Falt%3Dmedia%26token%3D4c866cf8-775e-43cc-acac-6bbc7106d715&width=768&dpr=4&quality=100&sign=8fc0e3d1&sv=2) 1. Choose a delay duration from the dropdown, then click **Change**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FH0ZYvETgXC67wHLRNkQk%252Fimage.png%3Falt%3Dmedia%26token%3De2f2f046-05e0-491f-9f3c-a884c794c128&width=768&dpr=4&quality=100&sign=9cc71c9e&sv=2) 1. Complete verification: * Enter the **Email verification code**. * Enter the **Authenticator app code**. * Click **Submit**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FFLlaKAs48reYeasM3Ear%252Fimage.png%3Falt%3Dmedia%26token%3Dc83178a6-85a8-4bfa-bbc7-d1d076516a71&width=768&dpr=4&quality=100&sign=b3c06b35&sv=2) 1. 🎉All set! * When you initiate a withdrawal, you’ll see a notice at the bottom of the page confirming that **Withdrawal Delay** is enabled on your account. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F7iplN8JklsC2AHrInevL%252Fimage.png%3Falt%3Dmedia%26token%3D59a9061d-8a8d-48c2-ab51-92daa8d8f281&width=768&dpr=4&quality=100&sign=93a83f1d&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/security/withdrawal-delay#scope-and-applicability) Scope & Applicability * **Applies to:** * Withdrawals **to external wallet addresses** that are **not yet saved** in your **Address Book**. * **Does not apply to:** * **Internal/subaccount transfers** (processed immediately). * Withdrawals to addresses that have already been in your Address Book **longer than the current delay**. > **Definition — “New address”** Any external address **not present** in your Address Book at the time you submit the withdrawal, or saved **more recently** than your configured delay duration. * * * ### [hashtag](https://support.backpack.exchange/exchange/security/withdrawal-delay#how-it-works-execution-flow) How It Works (execution flow) 1. **Submit withdrawal** to an external address. 2. **Eligibility check:** * If the address is **new** (see definition above) → withdrawal is **scheduled** and held until the delay expires. * If the address has been saved **longer** than your current delay → withdrawal is **processed immediately**. 3. **Countdown:** A timer (e.g., “Scheduled for YYYY-MM-DD HH:mm UTC”) is shown in [**Withdrawal History**arrow-up-right](https://backpack.exchange/portfolio/transfers/withdrawals) . 4. **Completion:** Once the delay elapses, the withdrawal is automatically released to the network. * * * ### [hashtag](https://support.backpack.exchange/exchange/security/withdrawal-delay#best-practices) Best Practices * **Pre-save** payout addresses and let them age past your delay to avoid operational friction. * Combine with [**Address Whitelisting**](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/travel-rule-and-address-book#adress-book) for layered protection. * Keep [**Email & 2FA** factors secure](https://support.backpack.exchange/exchange/security) ; review [**Withdrawal History**arrow-up-right](https://backpack.exchange/portfolio/transfers/withdrawals) regularly. * * * ### [hashtag](https://support.backpack.exchange/exchange/security/withdrawal-delay#how-to-change-your-delay-duration) How To Change Your Delay Duration？ Simply repeat the initial setup steps: go to **Settings**, open the **Security** tab, find **Withdrawal Delay**, click **Enabled**, and then follow the on-screen instructions. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Fx0kQEJlA5KTeoOZkIhrd%252Fimage.png%3Falt%3Dmedia%26token%3Da9f30d4d-6312-4b3a-a6f2-92266aeb55c5&width=768&dpr=4&quality=100&sign=a9afa32b&sv=2) ⚠️**Please note：** * When you **change** the delay duration, the **new value takes effect only after the currently active delay window expires**. * Existing scheduled withdrawals keep their original release time. * Future withdrawals use the new delay once it becomes active. **Example：**If you change the delay from 24h to 12h while a 24h delay is active, the new 12h setting takes effect only after the current 24h window ends. * * * ### [hashtag](https://support.backpack.exchange/exchange/security/withdrawal-delay#address-book) Address Book * **Add Address:** * You’ll receive an email notification confirming the addition. * The **“age”** of the address starts at the moment it’s saved. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FacbrzaDRUhkpPj4RJ8lR%252Fimage.png%3Falt%3Dmedia%26token%3D04acafb7-bef3-4dd9-b0a0-a37801948182&width=768&dpr=4&quality=100&sign=8cea61a0&sv=2) * **Withdrawals to Saved Addresses:** * If the address has been in the Address Book **longer than your current delay**, the withdrawal is **immediate**. * **Editing/Removing Addresses:** * Removing and re-adding an address makes it **new** again (its age resets). * * * ### [hashtag](https://support.backpack.exchange/exchange/security/withdrawal-delay#urgent-withdrawals) ⚠️Urgent Withdrawals If you must move funds while a delay is active (e.g., operational urgency), please use the email address linked to your exchange account to contact **[\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) ** and request the delay cancellation. Our team will verify ownership and assess options. * * * ### [hashtag](https://support.backpack.exchange/exchange/security/withdrawal-delay#faqs) FAQs chevron-right**What happens if I shorten my delay right after scheduling a withdrawal?**[hashtag](https://support.backpack.exchange/exchange/security/withdrawal-delay#what-happens-if-i-shorten-my-delay-right-after-scheduling-a-withdrawal) The scheduled withdrawal keeps its original release time. Your new, shorter delay applies only after the current delay window ends. chevron-right**If I add an address and immediately withdraw to it, does the delay apply?**[hashtag](https://support.backpack.exchange/exchange/security/withdrawal-delay#if-i-add-an-address-and-immediately-withdraw-to-it-does-the-delay-apply) Yes. The address must be saved **longer than your configured delay** to qualify for immediate processing. chevron-right**Do API withdrawals follow the same rules?**[hashtag](https://support.backpack.exchange/exchange/security/withdrawal-delay#do-api-withdrawals-follow-the-same-rules) Yes. Withdrawals created via API are subject to the same delay checks and notifications as the UI. chevron-right**Does the delay affect fees or network confirmation time?**[hashtag](https://support.backpack.exchange/exchange/security/withdrawal-delay#does-the-delay-affect-fees-or-network-confirmation-time) No. The delay pauses **before** broadcast. Once released, normal network fees and confirmation times apply. chevron-right**Can I cancel a scheduled withdrawal during the delay?**[hashtag](https://support.backpack.exchange/exchange/security/withdrawal-delay#can-i-cancel-a-scheduled-withdrawal-during-the-delay) In this case, please use the email address linked to your exchange account to contact **[\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) ** and request the delay cancellation. [PreviousReset Passwordchevron-left](https://support.backpack.exchange/exchange/security/reset-password) [NextI Suspect Unauthorized Access to My Accountchevron-right](https://support.backpack.exchange/exchange/security/i-suspect-unauthorized-access-to-my-account) Last updated 1 month ago * [Why Withdrawal Delay Is Needed？](https://support.backpack.exchange/exchange/security/withdrawal-delay#why-withdrawal-delay-is-needed) * [How To Enable Withdrawal Delay？](https://support.backpack.exchange/exchange/security/withdrawal-delay#how-to-enable-withdrawal-delay) * [Scope & Applicability](https://support.backpack.exchange/exchange/security/withdrawal-delay#scope-and-applicability) * [How It Works (execution flow)](https://support.backpack.exchange/exchange/security/withdrawal-delay#how-it-works-execution-flow) * [Best Practices](https://support.backpack.exchange/exchange/security/withdrawal-delay#best-practices) * [How To Change Your Delay Duration？](https://support.backpack.exchange/exchange/security/withdrawal-delay#how-to-change-your-delay-duration) * [Address Book](https://support.backpack.exchange/exchange/security/withdrawal-delay#address-book) * [⚠️Urgent Withdrawals](https://support.backpack.exchange/exchange/security/withdrawal-delay#urgent-withdrawals) * [FAQs](https://support.backpack.exchange/exchange/security/withdrawal-delay#faqs) --- # I Suspect Unauthorized Access to My Account | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/security/i-suspect-unauthorized-access-to-my-account#what-to-do) What to Do 1. **Change Your Password Immediately** * Log in and go to **Settings**. * Update your password with a strong, unique combination. * Visit [Backpack Exchangearrow-up-right](https://backpack.exchange/settings/security) . ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FwokQl4wkzEVtegflIRRQ%252Fimage.png%3Falt%3Dmedia%26token%3D66100216-5bc8-42bb-81be-ca3cebe1eeb4&width=768&dpr=4&quality=100&sign=151dba83&sv=2) 2. **Enable Two-Factor Authentication (2FA)** * If not active, go to **Security Settings**. * Set up 2FA using a reliable app like Google Authenticator. 3. **Review Account Activity** * Check your transaction history for unfamiliar actions or transactions. * Contact us at **[\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) ** with details of your concerns. * Include any unusual activity you’ve noticed. * * * ### [hashtag](https://support.backpack.exchange/exchange/security/i-suspect-unauthorized-access-to-my-account#recognize-and-avoid-phishing-attempts) Recognize and Avoid Phishing Attempts To safeguard your Backpack Exchange account, it’s crucial to recognize and prevent phishing attempts. Follow these steps: 1. **Verify the URL** * Always ensure you’re accessing the official site: [https://backpack.exchangearrow-up-right](https://backpack.exchange/) . * Double-check the URL before entering any credentials. * _Note:_ [_Official links to all Backpack Exchange and Backpack Wallet channels are located here._arrow-up-right](https://backpack.app/) 2. **Beware of Unsolicited Communications** * Be cautious with suspicious emails or messages claiming to be from Backpack Exchange. * We will **never** ask for your password or 2FA codes. * If anyone asks for them, they are a scammer. 3. **Examine Email Senders** * Double-check the sender’s email address. * Phishers may use addresses that look similar but with small alterations. 4. **Avoid Clicking on Suspicious Links** * Do not click on links or download attachments from unknown sources. * Hover over links to preview the destination URL before clicking. 5. **Report Suspicious Activity** * If you encounter anything suspicious related to Backpack Exchange, contact **[\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) ** immediately. * * * #### [hashtag](https://support.backpack.exchange/exchange/security/i-suspect-unauthorized-access-to-my-account#reminder) 🔒 Reminder Your online safety is vital. By staying informed and cautious, you can protect your account and assets from potential threats. [PreviousWithdrawal Delaychevron-left](https://support.backpack.exchange/exchange/security/withdrawal-delay) [NextTroubleshoot Connectivity Issueschevron-right](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues) Last updated 4 months ago * [What to Do](https://support.backpack.exchange/exchange/security/i-suspect-unauthorized-access-to-my-account#what-to-do) * [Recognize and Avoid Phishing Attempts](https://support.backpack.exchange/exchange/security/i-suspect-unauthorized-access-to-my-account#recognize-and-avoid-phishing-attempts) --- # Troubleshoot Connectivity Issues | Backpack Exchange [hashtag](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#troubleshoot-connectivity-issues) Troubleshoot connectivity issues ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#id-1.-check-the-backpack-exchanges-official-channels) **1\. Check the Backpack Exchange's official channels** * Visit Backpack Exchange's [social mediaarrow-up-right](https://x.com/Backpack) , it is the [official announcement channelarrow-up-right](https://discord.gg/backpack) if there are any reported outages or scheduled maintenance. ‍ * Verify the status of Backpack Exchange using the [official status trackerarrow-up-right](https://status.backpack.exchange/) . ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66df70364a73b1b9c783ad29_66df7013c20b2fc44c092679_troubleshoot_backpack_exchange_connectivity.png&width=768&dpr=4&quality=100&sign=fe0d85a9&sv=2) ### [hashtag](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#id-2.-refresh-your-browser) **2\. Refresh your browser** * Sometimes, a simple refresh can solve minor connectivity hitches. ### [hashtag](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#id-3.-clear-browser-cache-and-cookie) **3\. Clear browser cache and cookie** * Accumulated cache and cookies might cause outdated data or glitches. Clear them to potentially resolve connectivity issues. (Refer to our guide on "**How to clear browser cache and cookies**" for step-by-step instructions.) ### [hashtag](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#id-4.-try-a-different-browser-or-device) **4\. Try a different browser or device** * Switch to another browser to see if the issue persists. This can help determine if the problem is browser-specific. ‍ * If possible, try accessing Backpack Exchange from another device. ### [hashtag](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#id-5.-check-your-internet-connection) **5\. Check your internet connection** * Ensure you have a stable internet connection. You can check this by visiting other websites or using online speed tests. ‍ * Consider restarting your router or contacting your Internet Service Provider (ISP) if you suspect connectivity issues on their end. ‍ **If, after trying the above steps, you still face connectivity issues, reach out to us at** [**\[email protected\]**envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#4734323737283533072526242c3726242c69223f242f26292022) **for further assistance.** **‍** We're here to help ensure you have a seamless trading experience. * * * [hashtag](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#how-to-clear-browser-cache-and-cookies) **How to clear browser cache and cookies** -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- To clear your browser cache, follow the steps below for your browser. ### [hashtag](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#google-chrome) **Google Chrome:** * Click the three dots (or vertical ellipsis) in the top right corner. * Select "More tools" > "Clear browsing data." * Choose "Cookies and other site data" and "Cached images and files." * Click "Clear data." ### [hashtag](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#mozilla-firefox) **Mozilla Firefox:** * Click the three horizontal lines (hamburger icon) in the top right corner. * Select "Options" > "Privacy & Security." * Under "Cookies and Site Data," click "Clear Data." * Ensure both "Cookies and Site Data" and "Cached Web Content" are checked, then click "Clear." ### [hashtag](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#microsoft-edge) **Microsoft Edge:** * Click the three dots in the top right corner. * Choose "Settings" > "Privacy, search, and services." * Under "Clear browsing data," click "Choose what to clear." * Select "Cookies and other site data" and "Cached images and files," then click "Clear now." ### [hashtag](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#safari-mac) **Safari (Mac):** * Click "Safari" in the top left menu, then select "Preferences." * Go to the "Privacy" tab and click "Manage Website Data." * Click "Remove All" and confirm. * * * [hashtag](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#my-backpack-wallet-screen-is-not-loading) My Backpack Wallet screen is not loading -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- If your Backpack Wallet shows a blank screen or won’t load, try the following steps: ### [hashtag](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#extension) Extension * Make sure the extension is updated to the latest version. * Turn the extension off and back on in your browser’s extension menu. * If the issue continues, reinstall the extension. > ⚠️ Before reinstalling, ensure that your **Seed Phrase** or **Private Keys** are saved and available so you can re-import your wallets. ### [hashtag](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#mobile) Mobile * Check that the app is updated to the latest version. * Force close the app and re-open it (you may need to try this multiple times). * If the issue continues, reinstall the app. > ⚠️ Before reinstalling, ensure that your **Seed Phrase** or **Private Keys** are saved and available so you can re-import your wallets. [PreviousI Suspect Unauthorized Access to My Accountchevron-left](https://support.backpack.exchange/exchange/security/i-suspect-unauthorized-access-to-my-account) [NextDeposit and Withdrawchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw) Last updated 4 months ago * [Troubleshoot connectivity issues](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#troubleshoot-connectivity-issues) * [1\. Check the Backpack Exchange's official channels](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#id-1.-check-the-backpack-exchanges-official-channels) * [2\. Refresh your browser](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#id-2.-refresh-your-browser) * [3\. Clear browser cache and cookie](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#id-3.-clear-browser-cache-and-cookie) * [4\. Try a different browser or device](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#id-4.-try-a-different-browser-or-device) * [5\. Check your internet connection](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#id-5.-check-your-internet-connection) * [How to clear browser cache and cookies](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#how-to-clear-browser-cache-and-cookies) * [Google Chrome:](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#google-chrome) * [Mozilla Firefox:](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#mozilla-firefox) * [Microsoft Edge:](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#microsoft-edge) * [Safari (Mac):](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#safari-mac) * [My Backpack Wallet screen is not loading](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#my-backpack-wallet-screen-is-not-loading) * [Extension](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#extension) * [Mobile](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues#mobile) --- # Deposit and Withdraw | Backpack Exchange [Cryptochevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto) [Fiatchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat) [PreviousTroubleshoot Connectivity Issueschevron-left](https://support.backpack.exchange/exchange/security/troubleshoot-connectivity-issues) [NextCryptochevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto) --- # Crypto | Backpack Exchange Crypto deposits and withdrawals on Backpack Exchange are processed directly on-chain. * **Withdrawals**: transfer assets from your Backpack Exchange account to an external blockchain address of your choice. * **Deposits**: bring assets from an external wallet into your Backpack Exchange account. You can always check the **minimum deposit and withdrawal amounts** for each supported asset on the [Market Info Assets pagearrow-up-right](https://backpack.exchange/market-info/assets) . This helps prevent failed transactions caused by sending amounts below the required threshold. > ⏳ **Note on confirmations:** Deposits require a certain number of blockchain confirmations before they appear in your account. [PreviousDeposit and Withdrawchevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw) [NextDepositchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit) Last updated 4 months ago --- # Deposit | Backpack Exchange [How to Deposit?chevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit) [Common Errorschevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/common-errors) [PreviousCryptochevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto) [NextHow to Deposit?chevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit) Last updated 2 months ago --- # How to Deposit? | Backpack Exchange #### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#common-deposit-assets-and-supported-networks) Common Deposit Assets and Supported Networks Asset Supported Deposit Networks **USDC** Solana, Ethereum, SUI, Arbitrum, Base, Optimism, Polygon, Sei EVM, Aptos **USDT** Solana, Ethereum, Tron **BTC** Bitcoin, Solana (Coinbase BTC) **ETH** Ethereum, Arbitrum, Base, Optimism **SOL** Solana ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#important-notes) ⚠️**Important Notes** ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#id-1.-supported-stablecoin-deposits) 1\. Supported Stablecoin Deposits Backpack Exchange only supports **native stablecoin deposits** on their respective networks. Depositing the wrong version of a stablecoin may result in your funds not being credited. #### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#example-optimism-network) Example: Optimism Network On the Optimism network, Backpack only supports deposits of **USDT0** with the contract address: Copy 0x01bFF41798a0BcF287b996046Ca68b395DbC1071 We do **not** support deposits of USDT with the contract address: Copy 0x94b008aA00579c1307B0EF2c499aD98a8ce58e58 triangle-exclamation If you deposit USDT (not USDT0) on Optimism, the funds will not be credited to your Backpack account. circle-info **Note:** Backpack Exchange currently supports only native USDC on each supported network. Bridged or wrapped versions of USDC (such as USDC.e) are not supported. Depositing these versions may result in loss of funds or a lengthy recovery process, if recovery is possible. ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#id-2.-how-to-avoid-deposit-errors) 2\. How to Avoid Deposit Errors Before making a transfer: 1. **Verify** the deposit address and network carefully 2. **Read** all notices and warnings displayed on the deposit page 3. **Contact** our official support team if you're unsure which network or token to use circle-info **Incorrect deposits may result in:** * ⚠️ Permanent loss of funds, or * ⏳ A lengthy refund process (if recovery is possible) * * * ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#deposit-via-exchange-wallet-address) Deposit via Exchange wallet address #### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#id-1.-open-the-deposit-menu) 1\. Open the Deposit menu ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Fk5GSxJi5OxuMHmHxmM36%252Fimage.png%3Falt%3Dmedia%26token%3De531a385-8fc6-4881-bb6d-28f35f4f89a6&width=768&dpr=4&quality=100&sign=1b11f4f5&sv=2) circle-info If you’re making a deposit on mobile, simply tap the **Deposit** button on the **Home** page or the **Portfolio** page. #### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#id-2.-choose-the-cryptocurrency-you-wish-to-deposit) 2\. Choose the cryptocurrency you wish to Deposit Search for the token if you don't see it in list. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FHhGorm92T63HNij2wARY%252Ffa52a452d37019ff23a02aadd417b505.jpg%3Falt%3Dmedia%26token%3Da90683ff-bbb0-4805-b739-483546f51972&width=768&dpr=4&quality=100&sign=4cca430&sv=2) #### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#id-3.-copy-the-wallet-address) 3\. Copy the wallet address ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F7xptwCUIIxjq4vxPYB5l%252F5cbb4f28320dfd6f6ff187cb943a5bfa.png%3Falt%3Dmedia%26token%3D21a51e80-d2c8-404b-94e9-9cd7c3671e25&width=768&dpr=4&quality=100&sign=2de2c47e&sv=2) #### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#id-4.-paste-the-address-into-your-sending-platform-and-initiate-the-transfer-from-a-non-custodial-walle) 4\. Paste the address into your sending platform and initiate the transfer (from a non‑custodial wallet or exchange) * * * ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#deposit-via-subaccounts) Deposit via subaccounts #### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#id-1.-open-the-deposit-menu-1) 1\. Open the Deposit menu ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FBNoq8oIF84sxtqDrz1dB%252Fimage.png%3Falt%3Dmedia%26token%3D0c2e3f10-20cd-4d54-a175-14f2b3adeb55&width=768&dpr=4&quality=100&sign=f6f33be8&sv=2) circle-info If you’re making a deposit on mobile, simply tap the **Deposit** button on the **Home** page or the **Portfolio** page. #### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#id-2.-choose-the-cryptocurrency-you-wish-to-deposit-1) 2\. Choose the cryptocurrency you wish to Deposit ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FmeFn0sZe32i0jS8uhwKH%252Fimage.png%3Falt%3Dmedia%26token%3Dd63d495b-3f3d-41c3-a8ff-fb4d2c43392a&width=768&dpr=4&quality=100&sign=a09702cb&sv=2) #### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#id-3.-enter-deposit-amount-and-select-the-from-sub-account-and-the-to-sub-account) 3\. Enter Deposit amount and **Select the 'From' sub-account and the 'To' sub-account.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FeqTggLYZnmZ5nvyvhDQU%252Fimage.png%3Falt%3Dmedia%26token%3D72de12e0-09de-45f0-8a87-f2279f759562&width=768&dpr=4&quality=100&sign=36b8f968&sv=2) #### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#id-4.-click-the-transfer-button) 4\. Click the 'Transfer' button. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FoNFvY0CsF886WensmmzS%252Fimage.png%3Falt%3Dmedia%26token%3D8f711a04-fa30-43a5-ba15-d12439b3e75e&width=768&dpr=4&quality=100&sign=9e2bb1e1&sv=2) [PreviousDepositchevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit) [NextCommon Errorschevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/common-errors) Last updated 6 days ago * [⚠️Important Notes](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#important-notes) * [1\. Supported Stablecoin Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#id-1.-supported-stablecoin-deposits) * [2\. How to Avoid Deposit Errors](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#id-2.-how-to-avoid-deposit-errors) * [Deposit via Exchange wallet address](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#deposit-via-exchange-wallet-address) * [Deposit via subaccounts](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#deposit-via-subaccounts) --- # Common Errors | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/common-errors#common-deposit-issues) Common Deposit Issues chevron-right**Depositing an unsupported asset**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/common-errors#depositing-an-unsupported-asset) If you send a token or use a blockchain network that Backpack Exchange doesn’t support, it will **not** be credited to your account. We will make a best effort to return these funds, but due to the complex nature of retrieval, **timelines cannot be guaranteed**. chevron-right**Incorrect Deposit Address**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/common-errors#incorrect-deposit-address) If you send funds to the wrong deposit address, they will usually be **lost** and are not retrievable. **No** exchange can recover assets sent to an unrelated or invalid address. chevron-right**Missing or Incorrect Memo/Tag/Payment ID**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/common-errors#missing-or-incorrect-memo-tag-payment-id) If you forget to include or enter an incorrect memo, tag, or payment ID, your deposit **may not be credited automatically.** We will make a best effort to recover the funds, but the process **requires time.** chevron-right**Using the Wrong Blockchain Network**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/common-errors#using-the-wrong-blockchain-network) If you send a token using the wrong blockchain network (e.g., USDT via TRC20 to an ERC20 address), your assets **may be lost** or require complex technical recovery. We will try our best to help you, but retrieval is **not guaranteed.** chevron-right**Depositing Below the Minimum Amount**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/common-errors#depositing-below-the-minimum-amount) If you deposit less than the minimum required amount, the funds will **not** be credited to your account. In most cases, these deposits **cannot** be refunded. chevron-right**Depositing After Delisted Token/Network**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/common-errors#depositing-after-delisted-token-network) If you deposit a token or use a network that has already been delisted or suspended, the deposit will fail. We will try our best to help, but recovery is typically not possible. chevron-right**Network Congestion or Incorrect Gas Fee**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/common-errors#network-congestion-or-incorrect-gas-fee) If you send a deposit with too low a transaction fee, or during periods of network congestion, your transaction may be **delayed** or **fail to confirm**. Funds may arrive once confirmed, but **timing is uncertain.** chevron-right**Depositing From a Smart Contract (If Unsupported)**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/common-errors#depositing-from-a-smart-contract-if-unsupported) If you deposit from a smart contract address that Backpack Exchange does not support, the deposit **may fail.** We will try our best to help you, but recovery is **not always guaranteed.** [PreviousHow to Deposit?chevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit) [NextWithdrawalschevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals) Last updated 2 months ago --- # Withdrawals | Backpack Exchange [How to Withdraw?chevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/how-to-withdraw) [Withdrawal Feeschevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/withdrawal-fees) [Travel Rule & Address Bookchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/travel-rule-and-address-book) [FAQschevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/faqs) [PreviousCommon Errorschevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/common-errors) [NextHow to Withdraw?chevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/how-to-withdraw) Last updated 2 months ago --- # How to Withdraw? | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/how-to-withdraw#withdrawing-to-a-wallet) Withdrawing to a Wallet 1\. Open the **Withdraw** menu ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FsOrb8GxQDS6MOBnrjLAm%252Fimage.png%3Falt%3Dmedia%26token%3Dc744dc09-21e2-4466-9689-8122646cc660&width=768&dpr=4&quality=100&sign=5e50d2c5&sv=2) 2\. Choose the **cryptocurrency** you wish to withdraw and enter the **amount** circle-info **Note: If your available balance is insufficient, enabling margin will redeem outstanding lends or create a borrow to cover the withdrawal. If your balance is sufficient, enabling margin does nothing.** 3\. Enter the **destination address** or open **'Address book'** and select address 4\. Click **“Continue”** and then enter your 'Email verification code' and 'Authenticator app code', select **Submit button** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F7A8AE6K2uav26FGBiLA9%252Fimage.png%3Falt%3Dmedia%26token%3D64443766-9ee8-449d-9b1d-c97b0df47941&width=768&dpr=4&quality=100&sign=c6fa6aca&sv=2) ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/how-to-withdraw#transfers-between-sub-accounts) Transfers Between Sub-Accounts 1. Click **“Withdraw.”** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FTsjv6mE6mQQf5IChDxP9%252Fimage.png%3Falt%3Dmedia%26token%3D84fcf34c-b28a-41d5-b2f2-c17eb53c6cf3&width=768&dpr=4&quality=100&sign=3518cbb8&sv=2) 1. Under the **“Subaccounts”** tab, select the token you wish to transfer. 2. Enter the transfer amount. 3. From the dropdown menu, select the **source subaccount**. 4. From the dropdown menu, select the **destination subaccount**. 5. Click **“Transfer.”** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FLIrzAMEUEXBZdkaItzBv%252Fimage.png%3Falt%3Dmedia%26token%3D39f9da0e-6153-48ef-8d5d-3df1a4d8d631&width=768&dpr=4&quality=100&sign=804ab67&sv=2) 🎉 Done! Your funds will be credited shortly. [PreviousWithdrawalschevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals) [NextWithdrawal Feeschevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/withdrawal-fees) Last updated 1 month ago * [Withdrawing to a Wallet](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/how-to-withdraw#withdrawing-to-a-wallet) * [Transfers Between Sub-Accounts](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/how-to-withdraw#transfers-between-sub-accounts) --- # Withdrawal Fees | Backpack Exchange For the minimum deposit and withdrawal amounts and withdrawal fees for different tokens, please refer to [https://backpack.exchange/market-info/assetsarrow-up-right](https://backpack.exchange/market-info/assets) . [PreviousHow to Withdraw?chevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/how-to-withdraw) [NextTravel Rule & Address Bookchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/travel-rule-and-address-book) Last updated 1 month ago --- # Travel Rule & Address Book | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/travel-rule-and-address-book#travel-rule) **Travel Rule** The Travel Rule is a global regulatory requirement issued by the Financial Action Task Force (FATF). It requires Virtual Asset Service Providers (VASPs), such as cryptocurrency exchanges, to share sender and recipient information when transferring digital assets above a certain threshold. This helps prevent money laundering, terrorist financing, and other illicit activities. **Why Does the Exchange Ask for Additional Information When I Withdraw?** Depending on the withdrawal amount and the destination, you may be asked to provide beneficiary details such as the recipient’s name or account reference. This information is required for Travel Rule compliance and ensures the security and transparency of crypto transfers. **Is My Personal Information Safe Under the Travel Rule?** Yes. All data collected for Travel Rule compliance is protected under strict data privacy and security standards. It is used **only** for regulatory compliance and will not be shared with unauthorized parties. * * * ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/travel-rule-and-address-book#adress-book) Adress Book The **Address Book** is a feature designed to make crypto withdrawals more secure and convenient. It allows you to save frequently used wallet addresses and manage them within your account. #### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/travel-rule-and-address-book#how-to-add-an-address-to-the-address-book) **How to Add an Address to the Address Book** 1. Click **“Portfolio.”** 2. Under the **“Settings”** tab, click **“Address Book.”** 3. From the **“Network”** dropdown menu, select the corresponding network. 4. Click **“Add Address.”** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FkBgb2IOzLVy96518UpTq%252Fimage.png%3Falt%3Dmedia%26token%3Dad5e9075-2904-45fd-a32d-6903aa53f628&width=768&dpr=4&quality=100&sign=52847c99&sv=2) 5. Fill in the required fields: * Set the label for the address. * Enter a brief description (optional). * Paste your frequently used withdrawal address. * Choose whether to enable **2FA for withdrawals** (recommended). 6. Click **“Continue”** to save. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FhOYuHYqpEmdkruY8V1Ig%252Fimage.png%3Falt%3Dmedia%26token%3D8d6a9614-b205-431e-a16d-5087f47b3f8c&width=768&dpr=4&quality=100&sign=c20152d4&sv=2) 🎉 Done! Next time you make a withdrawal, you can quickly select this saved address directly from your Address Book. [PreviousWithdrawal Feeschevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/withdrawal-fees) [NextFAQschevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/faqs) Last updated 1 month ago * [Travel Rule](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/travel-rule-and-address-book#travel-rule) * [Adress Book](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/travel-rule-and-address-book#adress-book) --- # FAQs | Backpack Exchange chevron-rightHow to transfers between exchange accounts?[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/faqs#how-to-transfers-between-exchange-accounts) * The process is exactly the same as [Withdrawing to a Wallet](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/faqs#withdrawing-to-a-wallet) : simply paste the deposit address of the corresponding asset from the destination exchange. * **Please note:** Although a withdrawal fee may appear on the page during submission, the system will automatically determine whether the transfer is to another internal exchange address. If it is, the actual credited amount will incur **0 fees.** chevron-right**How long does an on-chain withdrawal take?**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/faqs#how-long-does-an-on-chain-withdrawal-take) The processing time depends on: * The blockchain network selected (e.g., BTC, ETH, TRON). * The current level of network congestion. * The number of confirmations required by the receiving platform. Withdrawals may take from a few minutes to an hour to be received. chevron-right**Why hasn’t my withdrawal arrived yet?**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/faqs#why-hasnt-my-withdrawal-arrived-yet) Common reasons include: * The transaction is still waiting for blockchain confirmations. * Network congestion is delaying processing. * The receiving platform requires more confirmations before crediting funds. You can track your transaction using the provided **TxID (Transaction ID)** on a blockchain explorer. chevron-right**What is a TxID and where can I find it?**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/faqs#what-is-a-txid-and-where-can-i-find-it) A TxID (Transaction ID) is a unique identifier for your withdrawal on the blockchain. You can find it in your withdrawal history on the exchange and use it to check transaction status on a blockchain explorer. chevron-right**Can I cancel an on-chain withdrawal after submitting it?**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/faqs#can-i-cancel-an-on-chain-withdrawal-after-submitting-it) No. Once a withdrawal request has been processed and broadcast to the blockchain, it cannot be canceled or reversed. Please double-check all withdrawal details before confirming. chevron-right**What happens if I entered the wrong address?**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/faqs#what-happens-if-i-entered-the-wrong-address) If you withdraw to an incorrect or invalid address, the funds may be **lost permanently**. The exchange cannot retrieve funds sent to the wrong address. Always verify the destination address carefully. chevron-right**Why do some withdrawals require a Memo/Tag?**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/faqs#why-do-some-withdrawals-require-a-memo-tag) Certain cryptocurrencies (e.g., XRP, XLM, EOS) require a **memo, tag, or payment ID** in addition to the wallet address. If you forget to include it, your funds may not be credited properly on the receiving platform. Manual recovery may be possible but is not guaranteed and may require service fees. chevron-right**Are there fees for on-chain withdrawals?**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/faqs#are-there-fees-for-on-chain-withdrawals) Yes. Each on-chain withdrawal incurs a network fee (gas fee) to process the transaction on the blockchain. The fee amount depends on the selected network and current network conditions. chevron-right**What if I chose the wrong network?**[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/faqs#what-if-i-chose-the-wrong-network) Sending a withdrawal via the wrong blockchain network may result in **irreversible loss** of funds. Some recoveries may be possible but are not guaranteed. Always confirm that the recipient platform supports the selected network. [PreviousTravel Rule & Address Bookchevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/travel-rule-and-address-book) [NextFiatchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat) Last updated 2 months ago --- # Fiat | Backpack Exchange Our fiat solution enables you to deposit and withdraw USD via SWIFT wire transfers directly to and from your personal bank account, providing seamless global fiat access (subject to jurisdictional restrictions). * * * ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat#is-this-service-available-in-all-countries) Is this service available in all countries? Due to regulatory requirements, our fiat services are not available in certain jurisdictions. Please refer to the list below for countries and regions where fiat deposits and withdrawals are currently not supported: * Afghanistan * Belarus * Central African Republic * Crimea / Sevastopol Region / Luhansk / Donetsk / Kherson / Zaporizhzhia / Dnipropetrovsk Oblast / Kharkiv Oblast * Cuba * Democratic People’s Republic of Korea (North Korea) * Democratic Republic of the Congo * Gaza * Iran * Libya * Myanmar (Burma) * Nicaragua * Russian Federation * South Sudan * Syria * United States * UAE * Venezuela * Zimbabwe * * * ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat#can-i-link-a-business-bank-account) Can I link a business bank account? Individual accounts must use personal bank accounts only. For business accounts, onboarding as a corporate client is required. Contact support for assistance. * * * ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat#can-i-use-fintech-platforms-e.g.-wise-revolut) Can I use fintech platforms (e.g., Wise, Revolut)? Yes, but only if: * The account is in your name * The platform supports named SWIFT USD transfers * The transfer isn't from a pooled or anonymous account Note: These platforms may reject transactions based on their own policies. * * * ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat#will-i-need-to-provide-additional-documentation) Will I need to provide additional documentation? To comply with regulatory and banking partner requirements, you may be asked to provide extra information such as: * Proof of source of funds (e.g., recent bank statement) * Purpose of transaction (e.g., “crypto trading”) * Any other compliance-related documents Please respond promptly to avoid processing delays. [PreviousFAQschevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals/faqs) [NextHow to Deposit via Wirechevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire) Last updated 3 months ago * [Is this service available in all countries?](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat#is-this-service-available-in-all-countries) * [Can I link a business bank account?](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat#can-i-link-a-business-bank-account) * [Can I use fintech platforms (e.g., Wise, Revolut)?](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat#can-i-use-fintech-platforms-e.g.-wise-revolut) * [Will I need to provide additional documentation?](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat#will-i-need-to-provide-additional-documentation) --- # Bank Guides | Backpack Exchange [Chasechevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/chase) [ZA Bankchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/za-bank) [Wisechevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/wise) [PreviousHow to Withdraw via Wirechevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-withdraw-via-wire) [NextChasechevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/chase) Last updated 2 months ago --- # How to Deposit via Wire | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire#overview) Overview Item **Currency** USD via SWIFT **Minimum Deposit** 100 USD **Processing Time** Typically 1–5 business days **Fees** 0 USD > \*Backpack charges no fee for sending or receiving USD wires. Your sending/ intermediary bank may apply its own charges, which are outside our control. * * * ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire#prerequisites) Prerequisites * ✅ **Verified Backpack Exchange account** * ✅ **Available USD balance in your Bank Account** * * * [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire#step-by-step-guide) Step-by-Step Guide -------------------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire#get-your-backpack-wire-details) Get Your Backpack Wire Details * Log in to [Backpack.exchangearrow-up-right](https://backpack.exchange/) . * **Open the Deposit modal** In the top-right corner, click Deposit ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXdO37hdnUVkwUxxZ4ggTxrwz__ZqPWMwtUOJQxBH1dAmPIJBhf_UIQl-U4WlEGP8M28PoTQP5leNjTWO6vUzaugt5bCMhWwzzQjIKiofNo9hM7DrRgoqnmXOuoCrGTEPECZYjEMTg%3Fkey%3DeaNSr6kZABRUBYvUjpI0kw&width=768&dpr=4&quality=100&sign=f43b11e0&sv=2) Select **Cash (USD)** → **Wire Transfer** _**Note: The minimum deposit is $100, and we accept USD only.**_ ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXdkQJoc0Y1K26EBecJ9XhsSqY0KcqoXpSfiLTVo467AqnaHSVVldCBTY-DDxWvK2GXnrI1nijseNbPQ_Zwoviro1Jaurl290cRGAudC7TCWpxcAjjFp2o-oX4PK4d1v8cqz2PbSMA%3Fkey%3DeaNSr6kZABRUBYvUjpI0kw&width=768&dpr=4&quality=100&sign=4f1f3597&sv=2) click **Continue**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FcGT0rBxDwSf2KjZa2qJV%252F1747841567392.jpg%3Falt%3Dmedia%26token%3D079b2a98-a34a-408a-9d9e-931e3bb88970&width=768&dpr=4&quality=100&sign=f0315f9f&sv=2) * * * [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire#copy-your-bank-details) **Copy your bank details** -------------------------------------------------------------------------------------------------------------------------------------------------------------- You’ll see everything you need on the “Wire transfer” screen: * Account name * SWIFT/BIC * IBAN / Account number * Sort code (if applicable) * Reference (include this exactly to credit your account) * Bank name & address * Recipient address * * * [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire#send-the-wire-from-your-bank) **Send the wire from your bank** -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- From your personal bank account, initiate a SWIFT transfer using the details above. Make sure: * The sending account is in _your_ name (third-party transfers are rejected). * You send USD only. ⚠️ **Important:** Deposits must come from a bank account in your name. Third-party deposits are not supported. * * * 🎉 **All done!** Your USD deposit is now on its way to Backpack. Need help or have questions? Reach our support team anytime at [\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) . Be sure to include your wire transfer reference for faster assistance. [PreviousFiatchevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat) [NextHow to Withdraw via Wirechevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-withdraw-via-wire) Last updated 2 months ago * [Overview](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire#overview) * [Prerequisites](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire#prerequisites) * [Step-by-Step Guide](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire#step-by-step-guide) * [Get Your Backpack Wire Details](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire#get-your-backpack-wire-details) * [Copy your bank details](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire#copy-your-bank-details) * [Send the wire from your bank](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire#send-the-wire-from-your-bank) --- # How to Withdraw via Wire | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-withdraw-via-wire#overview) Overview Item **Currency** USD via SWIFT **Minimum Withdrawal** 100 USD **Processing Time** Typically 1–5 business days Fees 0 USD\* > \*Backpack charges no fee for sending or receiving USD wires. Your intermediary / receiving bank may apply its own charges, which are outside our control. * * * ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-withdraw-via-wire#prerequisites) Prerequisites * ✅ **Verified Backpack Exchange account** * ✅ **Available USD balance in Backpack Exchange** * ✅ **Your Bank Account Number** * * * [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-withdraw-via-wire#step-by-step-guide) Step-by-Step Guide --------------------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-withdraw-via-wire#log-in-to-backpack-and-open-withdrawal-menu) Log in to Backpack and Open Withdrawal Menu * Log in to [Backpack.exchangearrow-up-right](https://backpack.exchange/) . * Click on **Withdraw** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXcGdUplVM_ltqgF9YmIUG0j_XYBClATvzYCpBYIwCGlMKVdwKnBjAeSqDN6i5WE-HLuAVgnGAsIyXV74KXdb11x2xK86o6Vwfi7ybB-3DhIP0ZN5t1jDQ1iyXNGmdGEZgjpZnmmfw%3Fkey%3DeaNSr6kZABRUBYvUjpI0kw&width=768&dpr=4&quality=100&sign=bcd5a409&sv=2) * Select **Cash (USD)**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXcMAtbMeORajy-HhtbeVPdUatKa9x7yi2Pl61mMvVwm3OHk_joCz3_bOjxayFztnjQlIUAnfKxgqY113E76a_wDZbKZrEsXiyC6TedDAFgzeJyxaJ1XZaDMxzxL2wQMYokGB0fYtg%3Fkey%3DeaNSr6kZABRUBYvUjpI0kw&width=768&dpr=4&quality=100&sign=18705831&sv=2) **Add or select a bank account** * If you haven’t added a recipient before, click **"Select Recipient"** → click **Add Bank Account** : * Recipient country * Bank identifier type * SWIFT/BIC for most international wires * Sort code (UK/Ireland only) * SWIFT/BIC code _or_ Sort code (depending on your choice) * Account number * Recipient details: * Type (Individual / Business) * Name, address, city, postcode * Bank details: * Bank name, branch address, city, postcode, country * (Optional) Intermediary bank SWIFT/BIC * Click Add bank account to save. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXfvxzFdbgzqBsWMSfvoJc2Tkk-XTYCmIz7EI5wpbxgpIdGTysqIC_bAOetfvvx-4hYQpfb5SifSy4_DPKSlCXW1IOGluJ-gWQMjBsujMDapdm-jnH0uRH8PmV6OHEQFcvWLuuig%3Fkey%3DeaNSr6kZABRUBYvUjpI0kw&width=768&dpr=4&quality=100&sign=f51fe1ff&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-withdraw-via-wire#submit-your-withdrawal) Submit Your Withdrawal * Enter the withdrawal amount (**Minimum: USD 100**). * Select the **account** you wish to withdraw from (if applicable). * Choose your saved **bank account** from the recipient list. * Click **Continue**. * Complete **2-factor authentication** to confirm and submit your withdrawal. * * * ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-withdraw-via-wire#track-your-funds) Track Your Funds * Funds typically arrive in your bank account within **1–5 business days**. * If the funds haven't arrived after **5 business days**, contact Backpack Support and provide your withdrawal reference. * * * 🎉 **That's it!** Your USD withdrawal is now on its way to your bank account. Need assistance? Our support team is always here to help at [\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) . Please include your withdrawal reference for quicker support. [PreviousHow to Deposit via Wirechevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire) [NextBank Guideschevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides) Last updated 2 months ago * [Overview](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-withdraw-via-wire#overview) * [Prerequisites](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-withdraw-via-wire#prerequisites) * [Step-by-Step Guide](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-withdraw-via-wire#step-by-step-guide) * [Log in to Backpack and Open Withdrawal Menu](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-withdraw-via-wire#log-in-to-backpack-and-open-withdrawal-menu) * [Submit Your Withdrawal](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-withdraw-via-wire#submit-your-withdrawal) * [Track Your Funds](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-withdraw-via-wire#track-your-funds) --- # Chase | Backpack Exchange [How to Deposit via Wire Transfer — Chase Bankchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/chase/how-to-deposit-via-wire-transfer-chase-bank) [How to Withdraw via Wire Transfer— Chase Bankchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/chase/how-to-withdraw-via-wire-transfer-chase-bank) [PreviousBank Guideschevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides) [NextHow to Deposit via Wire Transfer — Chase Bankchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/chase/how-to-deposit-via-wire-transfer-chase-bank) --- # ZA Bank | Backpack Exchange [How to Deposit via Wire Transfer — ZA Bankchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/za-bank/how-to-deposit-via-wire-transfer-za-bank) [How to Withdraw via Wire Transfer — ZA Bankchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/za-bank/how-to-withdraw-via-wire-transfer-za-bank) [PreviousHow to Withdraw via Wire Transfer— Chase Bankchevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/chase/how-to-withdraw-via-wire-transfer-chase-bank) [NextHow to Deposit via Wire Transfer — ZA Bankchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/za-bank/how-to-deposit-via-wire-transfer-za-bank) Last updated 2 months ago --- # Wise | Backpack Exchange [How to Deposit via Wire Transfer— Wisechevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/wise/how-to-deposit-via-wire-transfer-wise) [How to Withdraw via Wire Transfer— Wisechevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/wise/how-to-withdraw-via-wire-transfer-wise) [PreviousHow to Withdraw via Wire Transfer — ZA Bankchevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/za-bank/how-to-withdraw-via-wire-transfer-za-bank) [NextHow to Deposit via Wire Transfer— Wisechevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/wise/how-to-deposit-via-wire-transfer-wise) Last updated 2 months ago --- # Trading | Backpack Exchange [Margin Systemchevron-right](https://support.backpack.exchange/exchange/trading/margin-system) [Spotchevron-right](https://support.backpack.exchange/exchange/trading/spot) [Futureschevron-right](https://support.backpack.exchange/exchange/trading/futures) [Order Typeschevron-right](https://support.backpack.exchange/exchange/trading/order-types) [Trading Botschevron-right](https://support.backpack.exchange/exchange/trading/trading-bots) [Borrow and Lendchevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend) [Trading Feeschevron-right](https://support.backpack.exchange/exchange/trading/trading-fees) [Concepts & Toolschevron-right](https://support.backpack.exchange/exchange/trading/concepts-and-tools) [PreviousFiat Withdrawalchevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-withdrawal) [NextMargin Systemchevron-right](https://support.backpack.exchange/exchange/trading/margin-system) --- # FAQs | Backpack Exchange [Fiat Depositchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-deposit) [Fiat Withdrawalchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-withdrawal) [PreviousHow to Withdraw via Wire Transfer— Wisechevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/bank-guides/wise/how-to-withdraw-via-wire-transfer-wise) [NextFiat Depositchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-deposit) Last updated 2 months ago --- # Spot | Backpack Exchange [How to trade Spotchevron-right](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot) [Spot Marginchevron-right](https://support.backpack.exchange/exchange/trading/spot/spot-margin) [PreviousMargin Systemchevron-left](https://support.backpack.exchange/exchange/trading/margin-system) [NextHow to trade Spotchevron-right](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot) --- # Fiat Withdrawal | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-withdrawal#frequently-asked-questions) Frequently Asked Questions chevron-rightHow long do USD withdrawals take?[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-withdrawal#how-long-do-usd-withdrawals-take) Withdrawals via SWIFT usually arrive within **1-5 business days**, subject to your bank and intermediaries. chevron-rightWhat if I enter incorrect bank details?[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-withdrawal#what-if-i-enter-incorrect-bank-details) Incorrect or incomplete banking details may result in: * Delayed, returned, or lost funds * Additional recovery fees Always ensure your information is correct and updated. chevron-rightWhy was my transaction delayed, suspended, or canceled?[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-withdrawal#why-was-my-transaction-delayed-suspended-or-canceled) Transactions can be delayed or suspended due to compliance or risk checks by our banking partners, requiring additional documentation. If additional information is needed, we'll request: * Proof of bank ownership (recent 3-month bank statement) * Source of funds * Purpose of transfer or other relevant documentation ⚠️ **Important:** Respond promptly to these requests to avoid delays, returned funds, or account restrictions. chevron-rightWill I need to provide extra documentation?[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-withdrawal#will-i-need-to-provide-extra-documentation) In some cases, our banking partner or your own bank may request additional details—for example: * Purpose of transaction (e.g. “crypto purchase”) * Proof of source of funds (recent bank statement) * Any other compliance documentation If you receive such a request, please reply promptly with the information to avoid processing delays. [PreviousFiat Depositchevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-deposit) [NextTradingchevron-right](https://support.backpack.exchange/exchange/trading) Last updated 2 months ago --- # Fiat Deposit | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-deposit#frequently-asked-questions) Frequently Asked Questions chevron-rightWhat details do I need for a wire transfer?[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-deposit#what-details-do-i-need-for-a-wire-transfer) We provide: * Account name * SWIFT/BIC * IBAN / Account number * Sort code (if applicable) * Reference (include this exactly to credit your account) * Bank name & address * Recipient address Please ensure accuracy to avoid delays. chevron-rightHow long does a USD deposit take?[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-deposit#how-long-does-a-usd-deposit-take) Deposits typically take **1–5 business days**, depending on your bank and intermediary banks. chevron-rightCan I deposit from another person's bank account?[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-deposit#can-i-deposit-from-another-persons-bank-account) **No.** We only accept deposits from bank accounts in your own name. Third-party deposits will be rejected or returned, potentially incurring additional fees. chevron-rightMy deposit hasn't arrived—what should I do?[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-deposit#my-deposit-hasnt-arrived-what-should-i-do) If a deposit doesn't appear after **5 business days:** 1. Confirm with your bank that the wire was sent successfully. 2. Verify that all wire details and required reference codes were included. 3. Contact our support with your wire receipt and bank confirmation. chevron-rightWhat happens if my deposit is rejected?[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-deposit#what-happens-if-my-deposit-is-rejected) Rejected deposits (e.g., due to name mismatch or missing reference) are typically returned to the sending bank, potentially incurring third-party fees and delays. chevron-rightWill I need to provide extra documentation?[hashtag](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-deposit#will-i-need-to-provide-extra-documentation) In some cases, our banking partner or your own bank may request additional details—for example: * Purpose of transaction (e.g. “crypto purchase”) * Proof of source of funds (recent bank statement) * Any other compliance documentation If you receive such a request, please reply promptly with the information to avoid processing delays. [PreviousFAQschevron-left](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs) [NextFiat Withdrawalchevron-right](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/faqs/fiat-withdrawal) Last updated 2 months ago --- # Spot Margin | Backpack Exchange [Spot Margin Tradingchevron-right](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading) [Spot Margin VS Futureschevron-right](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-vs-futures) [PreviousHow to trade Spotchevron-left](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot) [NextSpot Margin Tradingchevron-right](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading) Last updated 29 days ago --- # Fees | Backpack Exchange [hashtag](https://support.backpack.exchange/exchange/trading/futures/fees#trading-fees) Trading Fees --------------------------------------------------------------------------------------------------------- Standard trading fees apply to buy and sell orders, which depend on your VIP level or maker/taker status. For more details, please refer to the section on [trading fees.](https://support.backpack.exchange/exchange/trading/trading-fees) [hashtag](https://support.backpack.exchange/exchange/trading/futures/fees#funding-fees) Funding Fees --------------------------------------------------------------------------------------------------------- #### [hashtag](https://support.backpack.exchange/exchange/trading/futures/fees#overview) **Overview** * The funding rate is the rate paid between longs and shorts every 1 hour. * If positive, longs pay shorts, if negative, shorts pay longs. * The countdown shows the time remaining until the next payment. * If you close your position before the countdown ends, you will neither pay nor receive the funding fee. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F3kFMNR9BkoyWgfNx0cyK%252Fimage.png%3Falt%3Dmedia%26token%3D5259490c-1765-4049-b48f-05d45e2ff8d5&width=768&dpr=4&quality=100&sign=b8286d50&sv=2) * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/futures/fees#settlement-cycle) **Settlement Cycle** * The funding rate settlement cycle is currently 1 hour. * If there are any changes, they will be updated under **“Market Info”** for the corresponding token. * You can also check this information before trading. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FOMIf1z5ztGVmq9GucbyZ%252Fimage.png%3Falt%3Dmedia%26token%3Dd28163f6-18a7-4014-9321-9f24fba39ddb&width=768&dpr=4&quality=100&sign=cf14787d&sv=2) * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/futures/fees#calculation) **Calculation** * The funding rate reflects market conditions and is **not controlled by the exchange**. * It is mainly determined by the difference between the perpetual futures price and the spot price, market supply and demand, and borrowing costs. * For details on how funding rates are calculated, please refer to the documentation [**here**.](https://support.backpack.exchange/technical-docs/trading/futures-specs#funding-rate) * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/futures/fees#how-to-view-the-funding-history-of-a-token) **How to view the Funding History of a token?** * On the exchange page, click **“More”** → **“Market Info”** → ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FGcg5CWCMTBNQCOpwpDtV%252Fimage.png%3Falt%3Dmedia%26token%3D101abd74-810e-49ea-8f90-8d54172ba620&width=768&dpr=4&quality=100&sign=cde548bd&sv=2) * Click **“Funding History”,** from the dropdown menu, select the token you want to review. You will see the funding rate details across different timestamps. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FOVLpw7AW7dyQhGsewxWk%252Fimage.png%3Falt%3Dmedia%26token%3Df6770511-49fd-4bb9-ab5c-91ce775208dd&width=768&dpr=4&quality=100&sign=8c457878&sv=2) * To view a line chart of the token’s historical funding rates: * Go to the **Order Placement** page, select the token from the dropdown menu on the left. * Under the **Funding** tab, you can see the historical line chart. * Hover over the line to view the funding rate at a specific time. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FiBLEBJyQ3qnLj552LF44%252Fimage.png%3Falt%3Dmedia%26token%3D27036c5e-6cba-42bc-be52-8df4cd0edd2c&width=768&dpr=4&quality=100&sign=f05ce030&sv=2) * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/futures/fees#view-your-funding-payments) **View Your Funding Payments** * Click **Portfolio**. * Under the **Futures** tab, click **Funding**. * Use the dropdown menu on the right to select the token you want to view. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FyqyvxSmW7pawPwWYF8VR%252Fimage.png%3Falt%3Dmedia%26token%3D8960e780-947a-4e2f-9105-1076c8fd536a&width=768&dpr=4&quality=100&sign=935ca6fb&sv=2) [PreviousFutureschevron-left](https://support.backpack.exchange/exchange/trading/futures) [NextOrder Typeschevron-right](https://support.backpack.exchange/exchange/trading/order-types) Last updated 2 months ago * [Trading Fees](https://support.backpack.exchange/exchange/trading/futures/fees#trading-fees) * [Funding Fees](https://support.backpack.exchange/exchange/trading/futures/fees#funding-fees) --- # Borrow and Lend | Backpack Exchange [Lendingchevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending) [Borrowingchevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing) [Utilization, Interest Rates, Riskschevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks) [For Japanese Userschevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users) [PreviousFAQschevron-left](https://support.backpack.exchange/exchange/trading/trading-bots/faqs) [NextLendingchevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending) --- # Spot Margin VS Futures | Backpack Exchange #### [hashtag](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-vs-futures#what-are-the-differences-between-spot-margin-and-futures) What are the differences between spot margin and futures? Feature Spot Margin Futures **Instrument** You hold the **underlying asset** (borrowed or owned) You trade a **derivative contract** that tracks an index price **Leverage** Typically lower ranges (e.g., ~2×–5×), varies by asset and collateral Typically higher ranges (e.g., ~10×–50×), varies by market **Carry / Ongoing costs** Trading fees **\+ borrow interest** Trading fees **± funding payments** (you may pay or receive) **Settlement** Spot settlement; inventory changes in your wallet Perpetual contract; PnL settles continuously via funding **Use case** Directional exposure to the asset, shorting via borrow, inventory hedging Directional exposure without holding the asset, hedging, basis/funding strategies [PreviousSpot Margin Tradingchevron-left](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading) [NextFutureschevron-right](https://support.backpack.exchange/exchange/trading/futures) Last updated 2 months ago --- # Order Types | Backpack Exchange [Market Orderschevron-right](https://support.backpack.exchange/exchange/trading/order-types/market-orders) [Limit Orderschevron-right](https://support.backpack.exchange/exchange/trading/order-types/limit-orders) [Conditional Orderschevron-right](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders) [TWAPchevron-right](https://support.backpack.exchange/exchange/trading/order-types/twap) [Scaled Orderchevron-right](https://support.backpack.exchange/exchange/trading/order-types/scaled-order) [Take Profit & Stop Losschevron-right](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss) [PreviousFeeschevron-left](https://support.backpack.exchange/exchange/trading/futures/fees) [NextMarket Orderschevron-right](https://support.backpack.exchange/exchange/trading/order-types/market-orders) --- # How to trade Spot | Backpack Exchange [hashtag](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot#spot-trading-on-the-web) Spot Trading on the Web ----------------------------------------------------------------------------------------------------------------------------------------- 1. **Deposit funds into your exchange account (crypto or fiat).** * [Crypto Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit#how-to-deposit) * [Fiat Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire) 2. **Navigate to the Spot Trading section** * Select your desired trading pair (e.g., SOL/USD) * Choose the trading direction (Buy/Sell) 3. **Select the** [**order type.**](https://support.backpack.exchange/exchange/trading/order-types) 4. **Enter the required parameters** * Price * Quantity * ... (and other necessary parameters) 5. **Optional settings** * **Post Only**: Ensures your order is placed as a maker order and does not take liquidity. * **IOC (Immediate or Cancel)**: Executes the order immediately as much as possible; any unfilled portion is canceled. Suitable for quick entries and exits. * **Margin**: Uses leverage to improve capital efficiency (note: this increases liquidation risk). * ... (and other Optional settings) 6. **Submit the order.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FJCZQhPZIBcVM10EEMeR4%252Fimage.png%3Falt%3Dmedia%26token%3Dd2828105-e7fa-45d4-bff5-6c3e428d003f&width=768&dpr=4&quality=100&sign=c8224456&sv=2) [hashtag](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot#spot-trading-on-mobile) Spot Trading on Mobile --------------------------------------------------------------------------------------------------------------------------------------- 1. **Deposit funds into your exchange account (crypto or fiat).** * [Crypto Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit#how-to-deposit) * [Fiat Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire) 2. **Navigate to the Spot Trading section** * Select your desired trading pair (e.g., SOL/USD) * Choose the trading direction (Buy/Sell) 3. **Select the** [**order type.**](https://support.backpack.exchange/exchange/trading/order-types) 4. **Enter the required parameters** * Price * Quantity * ... (and other necessary parameters) 5. **Optional settings** * **Post Only**: Ensures your order is placed as a maker order and does not take liquidity. * **IOC (Immediate or Cancel)**: Executes the order immediately as much as possible; any unfilled portion is canceled. Suitable for quick entries and exits. * **Margin**: Uses leverage to improve capital efficiency (note: this increases liquidation risk). * ... (and other Optional settings) 6. **Submit the order.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Ffy32YqPOQwyrHdeJvFrh%252Fimage.png%3Falt%3Dmedia%26token%3D11fffa42-56b1-4bfa-a48a-23548b0e54ed&width=768&dpr=4&quality=100&sign=3891fb83&sv=2) [hashtag](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot#frequently-asked-questions) Frequently Asked Questions ----------------------------------------------------------------------------------------------------------------------------------------------- chevron-right**What types of orders can I place in spot trading?**[hashtag](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot#what-types-of-orders-can-i-place-in-spot-trading) Available order types include: * [**Market Order**](https://support.backpack.exchange/exchange/trading/order-types/market-orders) – Buy or sell immediately at the best available price. * [**Limit Order**](https://support.backpack.exchange/exchange/trading/order-types/limit-orders) – Set your own price and wait for the market to match it. * [**Conditional Order**](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders) – Set specific conditions for the order to be triggered when market criteria are met. * [**TWAP (Time-Weighted Average Price)**](https://support.backpack.exchange/exchange/trading/order-types/twap) – Execute a large order over a set period of time at regular intervals to minimize market impact and achieve an average price. * [**Scaled Order**](https://support.backpack.exchange/exchange/trading/order-types/scaled-order) – Place multiple orders at different price levels, either progressively higher or lower, to take advantage of price fluctuations. chevron-right**How do I check my open orders and trade history?**[hashtag](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot#how-do-i-check-my-open-orders-and-trade-history) You can view open orders in the “Open Orders” tab on the trading page. Completed trades are available under “Fill History” or “Position History” and cancellations are available under "Order history" ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FzJrZiRPvcDrFJWygctVJ%252Fimage.png%3Falt%3Dmedia%26token%3D30e56e69-693a-42d7-b384-f78c059b0c58&width=768&dpr=4&quality=100&sign=30c5f7fd&sv=2) chevron-right**What fees apply to spot trading?**[hashtag](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot#what-fees-apply-to-spot-trading) Different trading levels correspond to different fee rates. For more details, please refer to the section on [trading fees.](https://support.backpack.exchange/exchange/trading/trading-fees) chevron-right**What is the minimum amount I can trade?**[hashtag](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot#what-is-the-minimum-amount-i-can-trade) The minimum trade amount depends on the specific trading pair and the exchange’s requirements. This information is usually displayed on the order entry page. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FcH6GHgk6rTyq5xo8Xyl5%252Fimage.png%3Falt%3Dmedia%26token%3Df8b46540-9e27-4fc8-9ea6-4bf53d60a0ef&width=768&dpr=4&quality=100&sign=773a56ab&sv=2) chevron-right**Can I cancel an open spot order?**[hashtag](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot#can-i-cancel-an-open-spot-order) **Yes.** You can cancel any open order from the “Open Orders” section before it is executed. Once the order is filled, it cannot be canceled. chevron-right**How do I withdraw my assets after a trade?**[hashtag](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot#how-do-i-withdraw-my-assets-after-a-trade) After completing a trade, your assets will be available in your account. You can withdraw them to an external wallet by navigating to the withdrawal page, entering the recipient address, and confirming the transaction. For more details, please refer to the [withdrawal guide.](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/withdrawals) [PreviousSpotchevron-left](https://support.backpack.exchange/exchange/trading/spot) [NextSpot Marginchevron-right](https://support.backpack.exchange/exchange/trading/spot/spot-margin) Last updated 2 months ago * [Spot Trading on the Web](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot#spot-trading-on-the-web) * [Spot Trading on Mobile](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot#spot-trading-on-mobile) * [Frequently Asked Questions](https://support.backpack.exchange/exchange/trading/spot/how-to-trade-spot#frequently-asked-questions) --- # Trading Bots | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots#what-is-a-grid-bot) What Is a Grid Bot? A Grid Bot is an automated trading tool that executes buy and sell orders within a predefined price range. It divides that range into multiple "grids" (price levels) and automatically places orders at each level—buying at lower prices and selling at higher prices. Grid bots are typically used in **range-bound markets** where prices oscillate within a defined range. Performance depends entirely on market conditions and configuration—**grid bots do not guarantee profits and may result in losses.** #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots#key-features) Key Features * **Automated Execution** — Trades execute automatically based on your configured parameters, with no manual order placement required. * **Two-Way Trading** — The bot places buy orders at lower grid levels and sell orders at higher levels. * **Flexible Configuration** — Customize price ranges, grid count, investment amount, and other parameters to match your strategy. * **Real-Time Monitoring** — View bot status, executed orders, positions, and accumulated profits at any time. * **Secure Operation** — Strategies run entirely within the exchange environment. No API keys are required, minimizing operational risk. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots#understanding-the-bot-hierarchy) Understanding the Bot Hierarchy Before setting up your bot, it's important to understand how bots and grids are organized: Level Scope Description Bot Subaccount A bot operates at the subaccount level. One bot = one subaccount dedicated to automated trading. Grids Symbol Within a bot subaccount, you create grids for specific trading pairs (e.g., SOL/USD, BTC/USD). Each grid operates independently on its symbol **Example:** You create a bot subaccount called "My Grid Bot." Within that bot, you can set up a SOL/USD grid and a BTC/USD grid—each with its own price range, grid count, and investment amount. > **Tip:** Hover over any parameter in the interface to see its tooltip for additional guidance. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots#risk-warnings) Risk Warnings #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots#market-risks) Market Risks * **No Guarantee of Profit** — Grid bots do not guarantee returns. Users may lose some or all of their invested capital. * **Market Conditions** — Grid strategies are designed for range-bound markets. Trending markets, breakouts, or unexpected volatility can result in significant losses. * **Liquidation Risk** — When using leverage or futures grids, price movements may trigger liquidation or forced closure, resulting in loss of funds. * **Extreme Volatility** — Sharp price swings or low liquidity can cause slippage, execution delays, order failures, or strategy invalidation. #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots#technical-risks) Technical Risks * **Exchange-Side Issues** — While your local network doesn't affect the bot (it runs on the exchange), exchange system instability may temporarily interrupt strategy execution. > ⚠️ **Disclaimer:** Trading bots involve significant risk. You may lose some or all of your invested capital. Past performance does not guarantee future results. This documentation explains how the feature works and does not constitute financial advice or a recommendation to use this product. [PreviousStop Losschevron-left](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/stop-loss) [NextUsing Grid Bots on Webchevron-right](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web) Last updated 7 days ago * [What Is a Grid Bot?](https://support.backpack.exchange/exchange/trading/trading-bots#what-is-a-grid-bot) * [Understanding the Bot Hierarchy](https://support.backpack.exchange/exchange/trading/trading-bots#understanding-the-bot-hierarchy) * [Risk Warnings](https://support.backpack.exchange/exchange/trading/trading-bots#risk-warnings) --- # Utilization, Interest Rates, Risks | Backpack Exchange [Utilizationchevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/utilization) [Interest Rateschevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/interest-rates) [Riskschevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/risks) [PreviousBorrowingchevron-left](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing) [NextUtilizationchevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/utilization) Last updated 1 month ago --- # FAQs | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/scaled-order/faqs#does-placing-a-scaled-order-count-as-a-market-order-or-a-limit-order) **Does placing a Scaled Order count as a market order or a limit order?** A Scaled Order is made up of multiple **limit orders** distributed across a selected price range. It is not a market order. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/scaled-order/faqs#scaled-order-vs.-twap) Scaled Order vs. TWAP Feature **Scaled Order** **TWAP (Time-Weighted Average Price)** **Execution Logic** Places multiple **limit orders** at predefined price intervals within a chosen price range. Splits a large order into smaller **market orders** when executed evenly over a fixed time period. **Control Factor** Controlled by **price levels**. Controlled by **time**. **Execution Guarantee** Execution not guaranteed – only orders at reached price levels will fill. Full order is typically executed as long as liquidity exists. **Primary Objective** Cost averaging and laddered entry/exit across multiple price levels. Minimize market impact and achieve an average price over time. **Market Dependency** Highly dependent on price movement; orders fill only if the market hits your levels. Less dependent on price movement; trades are executed over time regardless of volatility. [PreviousHow to Set a Scaled Order?chevron-left](https://support.backpack.exchange/exchange/trading/order-types/scaled-order/how-to-set-a-scaled-order) [NextTake Profit & Stop Losschevron-right](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss) Last updated 2 months ago * [Does placing a Scaled Order count as a market order or a limit order?](https://support.backpack.exchange/exchange/trading/order-types/scaled-order/faqs#does-placing-a-scaled-order-count-as-a-market-order-or-a-limit-order) * [Scaled Order vs. TWAP](https://support.backpack.exchange/exchange/trading/order-types/scaled-order/faqs#scaled-order-vs.-twap) --- # For Japanese Users | Backpack Exchange #### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users#this-section-explains-important-points-about-backpacks-features-including-asset-handling-rules-and-k) This section explains important points about Backpack’s features, including asset handling rules and key details related to withdrawals and borrowing. Please make sure to review this section before using the service. * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users#konosekushondehabackpack-nonitsuitenoirruyanisurunapointowoshimasu) このセクションでは、Backpack の機能について、資産の取扱いルールや出金・借入に関する重要なポイントを説明します。 ご利用前に、必ず本セクションの内容をご確認ください。 [Welcome - ようこそ -chevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/welcome-youkoso) [How to use Borrow/Lend - 借入/貸出の使い方 -chevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/how-to-use-borrowlend-jp) [入金 (貸出) 方法と入金 (貸出) 後の挙動chevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/how-to-use-borrowlend-jp/how-to-lend-jp) [借入（Borrow）の見方・操作方法chevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/how-to-use-borrowlend-jp/how-to-borrow-jp) [借入の自動返済についてchevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/how-to-use-borrowlend-jp/auto-repay-jp) [FAQ - よくある質問 -chevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/faq-yokuaru) [Backpack Discordarrow-up-right](https://discord.com/channels/985994296337498182/1329297379785965609) Customer Support：[\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) [PreviousRiskschevron-left](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/risks) [NextWelcome - ようこそ -chevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/welcome-youkoso) Last updated 5 days ago --- # Conditional Orders | Backpack Exchange A Conditional Order is an instruction to buy or sell an asset once certain market conditions are met, such as reaching a specific trigger price. When the trigger condition is activated, the order is placed automatically as a market or limit order. ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders#when-to-use) **When to Use？** * When you want to **automate entries or exits** based on price movement. * To **protect against losses** (e.g., stop-loss) or **lock in profits** (e.g., take-profit). * When you cannot monitor the market continuously but want orders to be placed automatically at key levels. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders#key-points) **Key Points** * Provides flexibility by combining trigger conditions with order execution. * Can be set as a **stop-market** or **stop-limit** order after the condition is met. * Execution is not guaranteed if the market does not reach the trigger price, or if there is insufficient liquidity at the chosen limit price. * Commonly used for **risk management** and **strategic trading automation**. [PreviousLimit Orderschevron-left](https://support.backpack.exchange/exchange/trading/order-types/limit-orders) [NextHow to Set a Conditional Order?chevron-right](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders/how-to-set-a-conditional-order) Last updated 2 months ago * [When to Use？](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders#when-to-use) * [Key Points](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders#key-points) --- # Market Orders | Backpack Exchange A **Market Order** is an instruction to buy or sell immediately at the best available price in the order book. ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/market-orders#when-to-use) **When to Use？** * When you want your order to be executed instantly. * Suitable for entering or exiting a position quickly, regardless of slight price changes. ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/market-orders#key-points) **Key Points** * Execution is guaranteed, but the price may vary slightly due to market liquidity (slippage). * Best for urgent trades, not for precise price control. ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/market-orders#how-to-avoid-slippage-risk-when-using-market-orders) How to Avoid Slippage Risk When Using Market Orders？ * On the **Futures Order Placement** page, select the token you wish to trade. * After confirming the trade direction, choose **Market Order**. * Enter the order quantity. * Click **Max Slippage Setting**, then enter the maximum slippage you are willing to allow. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FYgpoJSWNOHOoxj52RAf3%252Fimage.png%3Falt%3Dmedia%26token%3D50ae884f-2e80-46f7-a57b-724542c54a44&width=768&dpr=4&quality=100&sign=e6eccb1f&sv=2) * Click **Submit** to save the setting. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Fl7qX1AK0UDaIFNCXBllw%252Fd16488e0-86d6-4b38-81f9-6277183ac1f8.png%3Falt%3Dmedia%26token%3D9abc0ae9-4bd8-41fb-842b-feb725c00835&width=768&dpr=4&quality=100&sign=fe3bc487&sv=2) * Confirm the order. [PreviousOrder Typeschevron-left](https://support.backpack.exchange/exchange/trading/order-types) [NextLimit Orderschevron-right](https://support.backpack.exchange/exchange/trading/order-types/limit-orders) Last updated 4 months ago * [When to Use？](https://support.backpack.exchange/exchange/trading/order-types/market-orders#when-to-use) * [Key Points](https://support.backpack.exchange/exchange/trading/order-types/market-orders#key-points) * [How to Avoid Slippage Risk When Using Market Orders？](https://support.backpack.exchange/exchange/trading/order-types/market-orders#how-to-avoid-slippage-risk-when-using-market-orders) --- # Limit Orders | Backpack Exchange A **Limit Order** allows you to set the maximum price you are willing to pay when buying, or the minimum price you are willing to accept when selling. ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/limit-orders#when-to-use) **When to Use?** * When you want to control the exact entry or exit price. * Suitable for patient traders waiting for favorable market conditions. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/limit-orders#key-points) **Key Points** Execution is not guaranteed — the order will only be filled if the market reaches or exceeds your set price. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/limit-orders#why-did-my-limit-order-end-up-being-executed-as-a-market-order) Why Did My Limit Order End Up Being Executed as a Market Order? * The logic of a limit order is: * A **buy order** will be executed at a price **≤ your set price**. * A **sell order** will be executed at a price **≥ your set price**. * If you do **not** enable the **Post Only** option, the system will match your order against existing orders in the order book immediately, as long as the price condition is satisfied. * To ensure your order is always placed into the order book as a **Maker** order, you need to check **Post Only**. Otherwise, your order may be executed immediately as a **Taker** order. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FfU6QACUDBjaEdi2UiLk1%252Fimage.png%3Falt%3Dmedia%26token%3De66992bf-c1d0-45e0-a873-72a7c38f9e0d&width=768&dpr=4&quality=100&sign=3884204a&sv=2) **Example:** * You set a **buy limit order** for BTC/USD at 30,000. * The current best ask price is 29,900. * **Result:** The system will execute the order immediately at 29,900 instead of placing it at 30,000 to wait. [PreviousMarket Orderschevron-left](https://support.backpack.exchange/exchange/trading/order-types/market-orders) [NextConditional Orderschevron-right](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders) Last updated 4 months ago * [When to Use?](https://support.backpack.exchange/exchange/trading/order-types/limit-orders#when-to-use) * [Key Points](https://support.backpack.exchange/exchange/trading/order-types/limit-orders#key-points) * [Why Did My Limit Order End Up Being Executed as a Market Order?](https://support.backpack.exchange/exchange/trading/order-types/limit-orders#why-did-my-limit-order-end-up-being-executed-as-a-market-order) --- # Trading Fees | Backpack Exchange At Backpack Exchange, our commitment to providing a transparent and competitive fee structure is paramount. The table below outlines the Spot Trading & Perpetual Futures fee tiers, enabling traders to easily identify the fees associated with their trading volume. * ‍[**Visit Backpack Exchange today.**arrow-up-right](https://backpack.exchange/) We may change these fees for the next phase of launch and will post the updated fees here beforehand. * * * **\*SUBJECT TO CHANGE\*** ### [hashtag](https://support.backpack.exchange/exchange/trading/trading-fees#backpack-exchange-trading-fees) **Backpack Exchange Trading Fees** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FDG8xldTUDgKc0LAW17kY%252FBackpack%2520Exchange%2520Fee%2520Structure.png%3Falt%3Dmedia%26token%3Dfdfa4d7c-1a61-453f-82fa-54f3ab0abed8&width=768&dpr=4&quality=100&sign=a6e00562&sv=2) _**Important Note on USDT/USDC Trading:**_ Our USDT/USDC trading pair is subject to a **0% fee**, which means that trades on this pair **do not** count toward your 30-day volume requirements for fee tier upgrades. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/trading-fees#what-is-the-mad-lads-vip-program) **What is the Mad Lads VIP program?** Mad Lads holders who connect their Backpack Wallet containing the NFT to Backpack Exchange will automatically qualify for VIP Tier 1 trading fees. The Mad Lads VIP program is in place for both Spot and Perpetual futures. [**See details about the Mad Lads VIP program here.**](https://support.backpack.exchange/exchange/programs/mad-lads-vip) ### [hashtag](https://support.backpack.exchange/exchange/trading/trading-fees#what-are-maker-and-taker-fees) **What are Maker and Taker Fees?** * **Maker Fee:** A "maker" is someone who places a limit order that adds liquidity to the market. This means the order isn’t filled immediately but waits for a matching order (opposite buy or sell) to come along. The fee incurred for such orders is called the "maker fee". Makers typically pay a lower fee as they contribute to the market's liquidity. * **Taker Fee:** A "taker" is someone who places an order that matches immediately with an existing order on the order book. This takes liquidity away from the market. The fee for such orders is called the "taker fee". Takers typically pay a slightly higher fee due to the immediate nature of their trades. ### [hashtag](https://support.backpack.exchange/exchange/trading/trading-fees#how-do-fee-tiers-work) **How do Fee Tiers Work?** The more you trade, the more you save! Our fee structure is designed to reward high-volume traders with reduced fees. As your 30-day trading volume increases, you ascend through our tier levels, and your applicable fees decrease. Both maker and taker fees decrease as you move to a higher tier, allowing for a more cost-effective trading experience. Please refer to the table provided to view the fee structure across different tiers and the corresponding 30-day volume requirements. We aim to offer a seamless trading experience with a clear understanding of the associated costs.‍ **Note:** Fee tiers are recalculated **every hour**, so your tier status is updated regularly. [PreviousFAQ - よくある質問 -chevron-left](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/faq-yokuaru) [NextConcepts & Toolschevron-right](https://support.backpack.exchange/exchange/trading/concepts-and-tools) Last updated 2 days ago * [Backpack Exchange Trading Fees](https://support.backpack.exchange/exchange/trading/trading-fees#backpack-exchange-trading-fees) * [What is the Mad Lads VIP program?](https://support.backpack.exchange/exchange/trading/trading-fees#what-is-the-mad-lads-vip-program) * [What are Maker and Taker Fees?](https://support.backpack.exchange/exchange/trading/trading-fees#what-are-maker-and-taker-fees) * [How do Fee Tiers Work?](https://support.backpack.exchange/exchange/trading/trading-fees#how-do-fee-tiers-work) --- # FAQ | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders/faq#why-was-my-conditional-order-not-triggered-even-though-the-market-price-reached-my-trigger-price) Why was my conditional order not triggered even though the market price reached my trigger price? #### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders/faq#logic-of-a-conditional-order) **Logic of a Conditional Order** A Conditional Order follows an **“If–Then” logic structure**: * **IF** the market price reaches the predefined **trigger price**, * **THEN** the system automatically submits an actual order (either a **market order** or a **limit order**). * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders/faq#step-by-step-logic-flow) **Step-by-Step Logic Flow** 1. **Set Trigger Price** → You define the condition (e.g., “If BTC falls to $25,000”). 2. **Choose Execution Type** → You decide whether the system should place a **market order** (immediate execution) or a **limit order** (at your chosen price). 3. **Wait for Condition** → Until the trigger price is reached, the order stays inactive and does not appear in the order book. 4. **Activation** → Once the market price hits the trigger, the system automatically places your chosen order. 5. **Execution** → * If it’s a **market order**: it executes instantly at the best available price. * If it’s a **limit order**: it executes only at your specified price or better, if market liquidity allows. * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders/faq#troubleshooting-checklist) **Troubleshooting Checklist** 1. **Confirm the benchmark price selected for the trigger** — Mark Price, Index Price, or Last Traded Price. * If you set it to **Mark Price** but were monitoring the **Last Traded Price**, differences may occur. * A conditional order only triggers when the **chosen benchmark** actually reaches your trigger level. * If that benchmark never reaches the trigger price, the order will not activate, even if another price type appears to do so. 2. **Check whether you placed a limit order.** * When using a limit order, once the trigger price is reached, the system will only place your order on the book. * The order will only be executed if the **market price reaches or exceeds your specified limit price.** 3. In highly volatile markets, there may be **rapid fluctuations** or **gaps** between price updates. If the benchmark price only touches the trigger price momentarily and does not register in the system, the conditional order may not be activated. [PreviousHow to Set a Conditional Order?chevron-left](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders/how-to-set-a-conditional-order) [NextTWAPchevron-right](https://support.backpack.exchange/exchange/trading/order-types/twap) Last updated 2 months ago --- # Concepts & Tools | Backpack Exchange [View and Export Trading Historychevron-right](https://support.backpack.exchange/exchange/trading/concepts-and-tools/view-and-export-trading-history) [Charts, candlesticks, Indicatorschevron-right](https://support.backpack.exchange/exchange/trading/concepts-and-tools/charts-candlesticks-indicators) [FAQchevron-right](https://support.backpack.exchange/exchange/trading/concepts-and-tools/faq) [PreviousTrading Feeschevron-left](https://support.backpack.exchange/exchange/trading/trading-fees) [NextView and Export Trading Historychevron-right](https://support.backpack.exchange/exchange/trading/concepts-and-tools/view-and-export-trading-history) Last updated 2 months ago --- # Scaled Order | Backpack Exchange A Scaled Order is a trading strategy that places multiple buy or sell orders at predefined price intervals, either above or below the current market price. This creates a series of smaller orders that scale into or out of a position gradually, rather than executing a single large order. ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/scaled-order#when-to-use) **When to Use?** * When you want to **average your entry or exit price** over a range instead of committing at one price point. * Suitable for traders who expect **gradual market movements** or who want to reduce the impact of volatility and slippage. * Often used to **ladder into positions** during uncertain market conditions or to **ladder out** when taking profits. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/scaled-order#key-points) **Key Points** * Helps reduce the risk of poor timing by spreading orders across different price levels. * Can be configured with the number of orders, price range, and distribution (equal or weighted). * Execution depends on market movements — some or all orders may remain unfilled if the price does not reach those levels. * Useful for both **long-term accumulation strategies** and **short-term trading in volatile markets**. [PreviousFAQschevron-left](https://support.backpack.exchange/exchange/trading/order-types/twap/faqs) [NextHow to Set a Scaled Order?chevron-right](https://support.backpack.exchange/exchange/trading/order-types/scaled-order/how-to-set-a-scaled-order) Last updated 2 months ago * [When to Use?](https://support.backpack.exchange/exchange/trading/order-types/scaled-order#when-to-use) * [Key Points](https://support.backpack.exchange/exchange/trading/order-types/scaled-order#key-points) --- # Take Profit & Stop Loss | Backpack Exchange [Take Profitchevron-right](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/take-profit) [Stop Losschevron-right](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/stop-loss) [PreviousFAQschevron-left](https://support.backpack.exchange/exchange/trading/order-types/scaled-order/faqs) [NextTake Profitchevron-right](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/take-profit) Last updated 2 months ago --- # Risks | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/risks#id-1.-main-risks-for-lenders-depositors) **1\. Main Risks for Lenders (Depositors)** * **Liquidity Risk:** At times of high utilization, it may be difficult to withdraw funds immediately, as most liquidity is already borrowed. * **Market Risk (Asset Depreciation):** Lenders deposit crypto assets; if the market value of these assets drops significantly, the real return (in fiat terms) may decrease despite earning interest. * **Variable Interest Rates:** Lending yields are not fixed and may fluctuate based on borrowing demand. Lower demand results in lower returns. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/risks#id-2.-main-risks-for-borrowers) **2\. Main Risks for Borrowers** * **Liquidation Risk:** If the collateral value falls below the required maintenance margin, the borrower’s position may be liquidated, potentially at a loss. * **High Interest Costs:** During periods of high utilization, borrowing rates may increase sharply, making loans more expensive. * **Collateral Volatility:** Since most collateral is in volatile crypto assets, rapid price declines can quickly trigger margin calls and liquidations. * **Over-Leverage Risk:** Borrowing against volatile assets may amplify losses if the market moves unfavorably. circle-info ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/risks#learn-more-about-risks) **👉**[**Learn more about** Risks](https://support.backpack.exchange/technical-docs/borrow-and-lend/risks) [PreviousInterest Rateschevron-left](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/interest-rates) [NextFor Japanese Userschevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users) Last updated 2 months ago * [1\. Main Risks for Lenders (Depositors)](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/risks#id-1.-main-risks-for-lenders-depositors) * [2\. Main Risks for Borrowers](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/risks#id-2.-main-risks-for-borrowers) --- # FAQs | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/faqs#frequently-asked-questions) Frequently Asked Questions chevron-right**What fees are charged when using Grid Trading Bots?**[hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/faqs#what-fees-are-charged-when-using-grid-trading-bots) Grid Trading Bots do **not** charge any additional bot-specific fees. You’ll only pay the [**standard trading fees**](https://support.backpack.exchange/exchange/trading/trading-fees) that apply to each executed order, the same as when placing manual trades. chevron-right**Are all orders placed by Grid Trading Bots limit orders?**[hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/faqs#are-all-orders-placed-by-grid-trading-bots-limit-orders) Yes, Grid Trading Bots primarily use limit orders to place trades. However, please note that **using a limit order does not guarantee maker fees.** Depending on market conditions and price movements, a limit order may be filled immediately against existing orders on the order book, in which case it would be treated as a taker order and incur taker fees. chevron-right**Why was my grid order charged taker fees?**[hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/faqs#why-was-my-grid-order-charged-taker-fees) Although Grid Trading Bots always place **limit orders**, whether an order is executed as **maker** or **taker** depends on market conditions at the time the order is submitted. * A limit order may be executed as a taker order in the following situations: * **Rapid price movements** If the market price moves quickly, a limit order may immediately match against existing orders in the order book. * **Order price overlaps with the best available price** When a limit order is placed at or better than the current best bid or ask, it may be filled instantly instead of resting on the order book. * **Low market liquidity** In markets with thinner order books, immediate execution is more likely. * **Tight grid spacing or high order frequency** Smaller grid intervals increase the chance of immediate matching. * While taker executions cannot be eliminated entirely, you can minimize their frequency by: * Trading **high-liquidity pairs**(e.g., BTC, ETH, SOL). * Using **wider grid spacing** * Avoiding grid activation during high volatility. * Setting a reasonable price range that is not too close to the current market price chevron-right**Does the Grid Bot guarantee profits?**[hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/faqs#does-the-grid-bot-guarantee-profits) No. Grid bots do not guarantee profits. You may lose some or all of your invested capital depending on market conditions, configuration, and other factors. chevron-right**What happens if the price moves outside my grid range?**[hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/faqs#what-happens-if-the-price-moves-outside-my-grid-range) If the price moves above your upper limit or below your lower limit, the bot will not execute new trades until the price re-enters the range. Depending on your positions, this may result in unrealized losses. chevron-right**What happens if the price range is set too wide?**[hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/faqs#what-happens-if-the-price-range-is-set-too-wide) Trade frequency decreases, but price differences between grid levels increase. chevron-right**How do I choose the number of grids?**[hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/faqs#how-do-i-choose-the-number-of-grids) * High volatility → More grids * Low volatility → Fewer grids Users may consider historical volatility when configuring. chevron-right**Can I stop the strategy at any time?**[hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/faqs#can-i-stop-the-strategy-at-any-time) Yes. When stopping, you can choose whether to close all positions automatically or leave them open. chevron-right**Why can't I trade manually in my bot subaccount?**[hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/faqs#why-cant-i-trade-manually-in-my-bot-subaccount) When the bot is ON, manual trading is disabled to prevent conflicts between your orders and the bot's automated strategy. Turn the bot OFF if you need to trade manually. chevron-right**Can I run multiple grids in one bot subaccount?**[hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/faqs#can-i-run-multiple-grids-in-one-bot-subaccount) Yes. A single bot subaccount can contain multiple grids for different trading pairs. Each grid operates independently on its symbol. Note that take-profit and stop-loss settings apply to the entire subaccount, not individual grids. [PreviousUsing Grid Bots on Mobilechevron-left](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-mobile) [NextBorrow and Lendchevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend) Last updated 6 days ago --- # How to Set a Conditional Order? | Backpack Exchange 1. **Deposit funds into your exchange account (crypto or fiat).** * [Crypto Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit#how-to-deposit) * [Fiat Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire) 2. **On the Order Placement page, select the appropriate market (Spot or Futures — here we take Futures as an example).** * Select your desired trading pair (e.g., BTC-PERP) * Choose the trading direction (Buy/Sell) 3. **Select Conditional Order as the order type.** 4. **From the dropdown menu, choose the benchmark for the trigger price.** 5. **If you want the order to be executed as soon as the trigger price is reached** * Enter the required parameters directly（Trigger Price and Quantity ） ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FUQ50DDLpr6LG0Gt1wTzp%252Fimage.png%3Falt%3Dmedia%26token%3D699c7af9-1eb0-4365-9549-23ea1ddeea85&width=768&dpr=4&quality=100&sign=583d7d5b&sv=2) 6. **If you want the order to be executed at a specified price after the trigger price is reached** * Check **“Limit Order”** to set the specified execution price. * Enter the required parameters（Trigger Price, Limit Price and Quantity ） ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FoKn8stgkHkxqlyEftIj6%252Fimage.png%3Falt%3Dmedia%26token%3Ddac53567-7011-4af4-9fc7-546c63dcc168&width=768&dpr=4&quality=100&sign=86fc1ad4&sv=2) 7. **Optional settings** * **Post Only**: Ensures your order is placed as a maker order and does not take liquidity. * **IOC (Immediate or Cancel)**: Executes the order immediately as much as possible; any unfilled portion is canceled. Suitable for quick entries and exits. * **Reduce Only**: Ensures your order will only reduce your existing position and will not open a new position or increase the size of the current position. * **TP/SL (Take Profit/Stop Loss)**: Sets predefined price levels at which your position will be automatically closed to lock in profits (TP) or limit losses (SL). * ... (and other Optional settings) 8. **Submit the order.** [PreviousConditional Orderschevron-left](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders) [NextFAQchevron-right](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders/faq) Last updated 2 months ago --- # Margin System | Backpack Exchange [hashtag](https://support.backpack.exchange/exchange/trading/margin-system#overview-of-backpacks-margin-system) Overview of Backpack’s Margin System --------------------------------------------------------------------------------------------------------------------------------------------------------- Backpack’s margin system is designed to be simple and resilient. At a high level you: * keep one pool of collateral, * earn yield on idle balances, * borrow automatically when you need to, * and isolate risk with sub-accounts. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/margin-system#account-and-efficiency) Account & Efficiency **Unified cross-margin.** Your eligible assets (spot balances, perps margin, lending balances) live in one collateral pool, so you don’t have to shuffle funds between products. **Sub-accounts for risk isolation.** Create independent sub-accounts. Each has its own collateral, PnL, and margin—so a mistake in one doesn’t spill into another. **Fewer transfers, more utility.** Because funds are pooled, you can deploy capital quickly without moving assets around. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/margin-system#collateral-rules) Collateral Rules **How collateral is valued.** Collateral Value = **Quantity × Mark Price × Collateral Weight** (a haircut). * **Weights vary by asset** (more volatile/less liquid → lower weight). * **Size tiers / concentration controls:** very large balances may receive a lower **marginal** weight to limit concentration risk. * **Dynamic updates:** weights can change with market/liquidity conditions; see the live table [herearrow-up-right](https://backpack.exchange/market-info/collateral) for current values. **👉For more details about Collateral, please refer to the** [**Collateral**](https://support.backpack.exchange/technical-docs/trading/margin#collateral) **and** [**Non-USD Collateral**](https://support.backpack.exchange/technical-docs/trading/margin#non-usd-collateral) **sections in the technical docs.** * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/margin-system#equity-and-margin-terms) Equity & Margin Terms **Net Equity** = Total Collateral Value + Unrealized PnL + Unsettled Balances − Borrowed Liabilities. **Available Equity** = Net Equity − Locked Equity (reserved for open orders/positions). **IMR (Initial Margin Requirement).** Measures how much equity is committed to current exposure. * At **100% IMR**, you can’t increase exposure (no new/size-up positions). **MMR (Maintenance Margin Requirement).** Minimum equity required to keep positions open. * At **100% MMR**, liquidation protection triggers. **👉 For full formulas and examples, see the the** [**Equity**](https://support.backpack.exchange/technical-docs/trading/margin#equity) **and** [**Margin**](https://support.backpack.exchange/technical-docs/trading/margin#margin) **sections in the technical docs** * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/margin-system#yield-and-pnl) Yield & PnL **Auto-lend.** Eligible assets in your margin wallet can be lent into the pool and **accrue yield** while still counting as collateral. Rates vary with pool utilization. **PnL treatment.** **PnL is continuously realized** and flows into **Net Equity** without requiring you to close positions. Profits increase usable equity; losses reduce it. **Interest interactions.** Borrowed balances **accrue interest** continuously; surplus balances may **earn** via auto-lend. Funding paid/received on perps posts to PnL and therefore Net Equity each interval. **👉See the** [**Settlement and Realization**](https://support.backpack.exchange/technical-docs/trading/settlement-and-realization) **page for more detailed information** * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/margin-system#borrowing) **Borrowing** * Auto-Borrowing: When executing trades that exceed available balances (e.g., short-selling), the system automatically borrows the deficit from the lending pool. * Manual Borrowing: Users can manually borrow assets via the borrow/ lend interface. * Repayment Methods: * proceeds from auto-lend, * repurchasing the borrowed asset, or * manual repay in the Borrow dashboard. **👉For more information about how Borrowing and Lending works, refer to the technical docs** [**here**](https://support.backpack.exchange/technical-docs/borrow-and-lend) * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/margin-system#risk-and-liquidation) Risk & Liquidation **Transparent Risk Engine** * **Dynamic Interest Rates:** Borrowing costs adjust based on pool utilization — higher utilization drives higher rates. * **Public parameters:** collateral weights, IMR/MMR thresholds, and rate curves can be found [herearrow-up-right](https://backpack.exchange/market-info/market-specs/futures) * **Real-time monitoring:** positions and margin health are checked continuously using **mark prices** from exchange/oracle sources. **Liquidation flow** * **Trigger:** when **MMR reaches 100%**. * **Partial first:** the system reduces exposure incrementally to restore margin health. * **Orderbook then backstop:** liquidations route through the **orderbook** first; any remainder can be closed to **backstop liquidity providers**. circle-info **For full technical details, see the** [**Margin docs**](https://support.backpack.exchange/technical-docs/trading/margin) [hashtag](https://support.backpack.exchange/exchange/trading/margin-system#important-update-effective-october-6-2025-07-00-utc) Important Update (Effective October 6, 2025 — 07:00 UTC) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- We’re introducing a liquidation fee. * Rate: 1% on all system-triggered perps and borrow/spot-margin liquidations. * Scope: Applied only to the filled amount of each liquidation order (per fill). * Unchanged: Regular user trades and fees are unaffected. If you have any questions, please reach out to [\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) . * * * [hashtag](https://support.backpack.exchange/exchange/trading/margin-system#frequently-asked-questions) Frequently Asked Questions -------------------------------------------------------------------------------------------------------------------------------------- chevron-right**Why is my 50x maximum leverage not taking effect?**[hashtag](https://support.backpack.exchange/exchange/trading/margin-system#why-is-my-50x-maximum-leverage-not-taking-effect) The 50x leverage setting may not apply if the trading pair has its own maximum leverage limit or if additional risk parameters are in place. Please check the leverage limits for the specific market you are trading. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FT7M8PkLeWTwdkMaxOyla%252Fimage.png%3Falt%3Dmedia%26token%3Daa401103-f6a9-4dd3-a264-cbac51a1a47b&width=768&dpr=4&quality=100&sign=c6770285&sv=2) chevron-right**Why am I unable to open a position even though my account has sufficient funds?**[hashtag](https://support.backpack.exchange/exchange/trading/margin-system#why-am-i-unable-to-open-a-position-even-though-my-account-has-sufficient-funds) * In such cases, it is usually because the remaining net equity in your account is insufficient to support the minimum margin requirement for the new position. You may try reducing the position size to open a new position until your account’s IMR equals 100%. * Once your account margin ratio reaches ≥ 100%, you will no longer be able to open new positions. chevron-right**Why does my account still have a balance after liquidation (partial liquidation)?**[hashtag](https://support.backpack.exchange/exchange/trading/margin-system#why-does-my-account-still-have-a-balance-after-liquidation-partial-liquidation) * This happens because Backpack utilises a gradual liquidation mechanism. When your **Maintenance Margin Ratio (MMR)** exceeds 100%, the system will attempt to minimize losses by liquidating only the portion necessary to restore your account to a healthy state. (By contrast, some exchanges may fully liquidate your position at this point.) * However, please note that if the market continues moving against you for a prolonged period and you do not add collateral, or close your position in time, even partial liquidations may continuously erode your funds until the balance is fully depleted. chevron-right**Why was my position liquidated even though it was still far from the estimated liquidation price?**[hashtag](https://support.backpack.exchange/exchange/trading/margin-system#why-was-my-position-liquidated-even-though-it-was-still-far-from-the-estimated-liquidation-price) * The estimated liquidation price is only a reference. Actual liquidation is triggered when **MMR ≥ 100%**. * In addition, **Backpack follows a cross-margin model**, where all positions within a sub-account share the same margin balance, and PnL from different positions can offset each other. If the sub-account holds complex positions (e.g., borrowing, using another asset as margin while also shorting it), the system may not be able to provide an accurate estimated liquidation price, since multiple factors influence the calculation and the functions involved are relatively complex. chevron-right**How are liquidation fees charged**[hashtag](https://support.backpack.exchange/exchange/trading/margin-system#how-are-liquidation-fees-charged) A 1% Liquidation fee is charged per order-book conversion when the system liquidates your account (deducted from proceeds; not charged on user-closed positions). chevron-right**How can I view liquidated positions?**[hashtag](https://support.backpack.exchange/exchange/trading/margin-system#how-can-i-view-liquidated-positions) * If a **borrow position** was liquidated, please visit: [https://backpack.exchange/portfolio/borrow-lend/liquidationsarrow-up-right](https://backpack.exchange/portfolio/borrow-lend/liquidations) * If a **futures position** was liquidated, please visit: [https://backpack.exchange/portfolio/futures/liquidationsarrow-up-right](https://backpack.exchange/portfolio/futures/liquidations) [PreviousTradingchevron-left](https://support.backpack.exchange/exchange/trading) [NextSpotchevron-right](https://support.backpack.exchange/exchange/trading/spot) Last updated 2 months ago * [Overview of Backpack’s Margin System](https://support.backpack.exchange/exchange/trading/margin-system#overview-of-backpacks-margin-system) * [Account & Efficiency](https://support.backpack.exchange/exchange/trading/margin-system#account-and-efficiency) * [Collateral Rules](https://support.backpack.exchange/exchange/trading/margin-system#collateral-rules) * [Equity & Margin Terms](https://support.backpack.exchange/exchange/trading/margin-system#equity-and-margin-terms) * [Yield & PnL](https://support.backpack.exchange/exchange/trading/margin-system#yield-and-pnl) * [Borrowing](https://support.backpack.exchange/exchange/trading/margin-system#borrowing) * [Risk & Liquidation](https://support.backpack.exchange/exchange/trading/margin-system#risk-and-liquidation) * [Important Update (Effective October 6, 2025 — 07:00 UTC)](https://support.backpack.exchange/exchange/trading/margin-system#important-update-effective-october-6-2025-07-00-utc) * [Frequently Asked Questions](https://support.backpack.exchange/exchange/trading/margin-system#frequently-asked-questions) --- # Programs | Backpack Exchange [Pointschevron-right](https://support.backpack.exchange/exchange/programs/points) [Referralschevron-right](https://support.backpack.exchange/exchange/programs/referrals) [Affiliate Programchevron-right](https://support.backpack.exchange/exchange/programs/affiliate-program) [API Broker Programchevron-right](https://support.backpack.exchange/exchange/programs/api-broker-program) [Backpack Captain Programchevron-right](https://support.backpack.exchange/exchange/programs/backpack-captain-program) [Backpack VIP Programchevron-right](https://support.backpack.exchange/exchange/programs/backpack-vip-program) [Market Maker Programchevron-right](https://support.backpack.exchange/exchange/programs/market-maker-program) [Mad Lads VIPchevron-right](https://support.backpack.exchange/exchange/programs/mad-lads-vip) [Bug Bounty Programchevron-right](https://support.backpack.exchange/exchange/programs/bug-bounty-program) [PreviousFAQchevron-left](https://support.backpack.exchange/exchange/trading/concepts-and-tools/faq) [NextPointschevron-right](https://support.backpack.exchange/exchange/programs/points) Last updated 6 days ago --- # TWAP | Backpack Exchange A TWAP (Time-Weighted Average Price) Order is an algorithmic trading strategy that splits a large order into smaller trades and executes them evenly over a specified time period. The goal is to achieve an average execution price close to the market’s time-weighted average price. ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap#when-to-use) **When to Use?** * When executing a **large order** that might otherwise move the market if placed all at once. * Suitable for **institutional traders or whales** seeking discreet execution with minimal market impact. * When you want steady execution over time, rather than immediate fulfillment at one price. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap#key-points) **Key Points** * Helps minimize slippage and reduce market impact. * Execution is spread out over time at regular intervals. * Full order is usually completed as long as there is sufficient market liquidity. * Focuses on achieving a price close to the **average over time**, not a specific single price. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap#key-parameters) Key Parameters **Item** **Explanation** **Total Quantity** The complete amount of the asset you intend to trade over the entire strategy duration **Sub-Order Size** The size of each individual order slice executed at each interval **Running Time** The total duration over which the strategy executes all sub-orders **Frequency** How often sub-orders are placed within the running time. _Note: Higher frequency creates smoother execution but requires more market liquidity_ **Randomize** Each sub-order quantity is automatically adjusted within a range of up to 20% above or below the original quantity **Reduce Only** Orders can only reduce the size of an existing open position **Margin** Indicates whether the order utilizes leveraged positions [PreviousFAQchevron-left](https://support.backpack.exchange/exchange/trading/order-types/conditional-orders/faq) [NextHow to Use the TWAP Strategychevron-right](https://support.backpack.exchange/exchange/trading/order-types/twap/how-to-use-the-twap-strategy) Last updated 4 months ago * [When to Use?](https://support.backpack.exchange/exchange/trading/order-types/twap#when-to-use) * [Key Points](https://support.backpack.exchange/exchange/trading/order-types/twap#key-points) * [Key Parameters](https://support.backpack.exchange/exchange/trading/order-types/twap#key-parameters) --- # View and Export Trading History | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/trading/concepts-and-tools/view-and-export-trading-history#id-1.-open-your-portfolio) 1\. Open your Portfolio [https://backpack.exchange/portfolio/balances/assetsarrow-up-right](https://backpack.exchange/portfolio/balances/assets) ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXeJeomj8Auko99ykjTHYvCo6toYNE0JjA_05ODSVXgBtVDT6vZdz_5mZ35hw8blJcXd_BlxUJJO--lASQbb5ynn2Aa5tQrNSi3hm9z0OQiwDMikmWvwVIUgrBb0RcsWzt5Vob7Gvw%3Fkey%3Dh9gIpItByWCtk-oY-lUgiwK0&width=768&dpr=4&quality=100&sign=e0c16d1e&sv=2) ### [hashtag](https://support.backpack.exchange/exchange/trading/concepts-and-tools/view-and-export-trading-history#id-2.-switch-to-trades-tab) 2\. Switch to Trades tab ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXcnEnHjdudPAVQ7urS6wxgbPiAL4B5F9QegOv7V1QTGYr1dCbbNAg1vcOd3NZSt-JxMwmTca6R5tleIhxn-4OFAlFi92nllkARJ-qXVFe1SWx6idYMNQUWiLcBaqMpkVbmfI-4lyA%3Fkey%3Dh9gIpItByWCtk-oY-lUgiwK0&width=768&dpr=4&quality=100&sign=f2634cb6&sv=2) ### [hashtag](https://support.backpack.exchange/exchange/trading/concepts-and-tools/view-and-export-trading-history#id-3.-select-export) 3\. Select Export ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXckQUrkwI39I5bLkGDmCo0_i73LtZ6bBuud_NKL3_7sZ57Jj23xtOezSx_NjnYuTVeAfTepirAJ8b3UfiDs5oipMJ04sq0XmQXD4E4uv6c_JGBxzzUM3OvOXakDs1qcq7mamMwYpw%3Fkey%3Dh9gIpItByWCtk-oY-lUgiwK0&width=768&dpr=4&quality=100&sign=b8088612&sv=2) ### [hashtag](https://support.backpack.exchange/exchange/trading/concepts-and-tools/view-and-export-trading-history#id-4.-view-file-in-the-browsers-download-menu) 4\. View file in the browsers download menu ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXe65YMGExVmOEwJZotca_O3NtEN6u71E_575xpOb4A88ix6HPgXQiAXg2G98GXJj4aMkSuCJSCJIzF9aihYsi7hiGEQXn5jlQKVf1aujqhN0MCmH2BrmbuafQuEels-5kdUmMIGyw%3Fkey%3Dh9gIpItByWCtk-oY-lUgiwK0&width=768&dpr=4&quality=100&sign=28c72edb&sv=2) [PreviousConcepts & Toolschevron-left](https://support.backpack.exchange/exchange/trading/concepts-and-tools) [NextCharts, candlesticks, Indicatorschevron-right](https://support.backpack.exchange/exchange/trading/concepts-and-tools/charts-candlesticks-indicators) Last updated 2 months ago * [1\. Open your Portfolio](https://support.backpack.exchange/exchange/trading/concepts-and-tools/view-and-export-trading-history#id-1.-open-your-portfolio) * [2\. Switch to Trades tab](https://support.backpack.exchange/exchange/trading/concepts-and-tools/view-and-export-trading-history#id-2.-switch-to-trades-tab) * [3\. Select Export](https://support.backpack.exchange/exchange/trading/concepts-and-tools/view-and-export-trading-history#id-3.-select-export) * [4\. View file in the browsers download menu](https://support.backpack.exchange/exchange/trading/concepts-and-tools/view-and-export-trading-history#id-4.-view-file-in-the-browsers-download-menu) --- # Take Profit | Backpack Exchange A Take-Profit (TP) order automatically closes your position once the market price reaches your chosen profit target. It’s designed to help you secure profits without needing to constantly monitor the market. #### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/take-profit#trigger-conditions) Trigger Conditions A Take-Profit order is activated when your selected trigger price source — Latest, Mark, or Index — reaches or exceeds the Take-Profit trigger price you set. * Long (Sell) → Triggered when the market price rises to or above your Take-Profit trigger. * Short (Buy) → Triggered when the market price falls to or below your Take-Profit trigger. Once triggered, the TP order converts into a Market or Limit order depending on the execution type selected. * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/take-profit#execution-types) Execution Types **Take-Profit Market Order** * Executes immediately at the best available market price once triggered. * The final execution price may differ from your trigger price due to slippage or price gaps, especially during high volatility. * Full or partial fills may occur depending on available liquidity. **Take-Profit Limit Order** * Places a limit order at your specified limit price once triggered. * Provides price control, but execution is not guaranteed — if the market reverses quickly, the order may remain partially filled or unfilled. * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/take-profit#parameter-recommendations) Parameter Recommendations Long (Sell) Trigger Price ≤ Limit Price Setting the limit price slightly above the trigger price improves the likelihood of execution. Short (Buy) Trigger Price ≥ Limit Price Setting the limit price slightly below the trigger price improves the likelihood of execution. circle-info **Tip**: Adding a small “spread” between your trigger and limit prices helps balance price control with execution probability. * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/take-profit#trigger-price-source) Trigger Price Source You can choose which price source triggers your Take-Profit order: * **Mark Price** — Helps avoid false triggers from short-term market spikes. * **Last Traded Price** — More sensitive to price movement but can trigger early in volatile conditions. * **Index Price** — Reflects a weighted average across multiple markets and helps maintain consistent triggering. * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/take-profit#risk-reminder) Risk Reminder * During high volatility, Market TP orders may execute far from your trigger price. * Limit TP orders may not execute if the price moves away too quickly. * To improve reliability, set a small buffer between your trigger and limit prices. * Ensure your trigger source matches your trading intent (Mark Price recommended for most users). circle-info ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/take-profit#for-details-on-how-to-set-a-take-profit-order-please-refer-to-this-page) 👉**For details on how to set a take-profit order, please refer to** [**this page.**](https://support.backpack.exchange/exchange/trading/futures#how-to-correctly-set-take-profit-and-stop-loss-orders-for-open-positions) [PreviousTake Profit & Stop Losschevron-left](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss) [NextStop Losschevron-right](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/stop-loss) Last updated 2 months ago --- # How to Set a Scaled Order? | Backpack Exchange 1. **Deposit funds into your exchange account (crypto or fiat).** * [Crypto Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit#how-to-deposit) * [Fiat Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire) 2. **On the Order Placement page, select the appropriate market (Spot or Futures — here we take Futures as an example).** * Select your desired trading pair (e.g., BTC-PERP) * Choose the trading direction (Buy/Sell) 3. **Select Scaled Order as the order type.** 4. **Enter the required parameters** * Price Range * Order Count(2-50) * Total Quantity 5. **Select the order distribution type** * Flat, Increasing, Decreasing * Click **“Preview”** to review the order 6. **Optional settings** * **Post Only**: Ensures your order is placed as a maker order and does not take liquidity. * **IOC (Immediate or Cancel)**: Executes the order immediately as much as possible; any unfilled portion is canceled. Suitable for quick entries and exits. * **Reduce Only**: Ensures your order will only reduce your existing position and will not open a new position or increase the size of the current position. 7. **Submit the order.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FMmMviC2KuJj7wMXdsG2Z%252F036f4abf827a7bc83629dfc73de6edf3.png%3Falt%3Dmedia%26token%3D7c10bb86-9d97-469f-8694-732069f6d69e&width=768&dpr=4&quality=100&sign=8f458c9&sv=2) [PreviousScaled Orderchevron-left](https://support.backpack.exchange/exchange/trading/order-types/scaled-order) [NextFAQschevron-right](https://support.backpack.exchange/exchange/trading/order-types/scaled-order/faqs) Last updated 2 months ago --- # FAQ | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/trading/concepts-and-tools/faq#why-a-filled-order-may-not-appear-on-the-k-line) Why a Filled Order May Not Appear on the K-Line？ A common reason for this situation is how candlestick (K-line) charts are constructed versus how individual trades are executed and displayed. 1. **Candlestick Aggregation** * Each candlestick (K-line) represents the **open, high, low, and close prices** within a set time interval (e.g., 1 minute, 5 minutes). * If your trade occurred at a price between the recorded high and low, but it did not exactly match the open, close, or extreme values, it will not appear as a labeled point on the candlestick itself. 2. **Trade Matching vs. Chart Data** * The execution price of your order comes from the **order book matching engine**. * The candlestick chart is based on a **stream of trades** during each interval, but depending on chart compression and data aggregation, not every individual trade is visible. 3. **Low Volume or Rapid Price Movements** * If there was very little trading activity, your trade might have occurred at a price level not revisited by other trades within that candle. * Charts often display only the **highest and lowest trade prices** in the timeframe, so intermediate prices (including yours) may not be obvious. 4. **Chart Provider Variations** * Depending on the charting system or data feed, some platforms may round, filter, or slightly delay certain ticks. * This can cause differences between what you see on the chart and the precise execution record of your trade. * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/concepts-and-tools/faq#key-takeaway) Key Takeaway Your order was executed correctly at the market price available in the order book. However, because candlestick charts only show summarized price points (open, high, low, close) for each interval, **not every individual execution price will be visible on the K-line**. **For exact trade prices, always refer to your order history or trade log rather than the chart.** [PreviousCharts, candlesticks, Indicatorschevron-left](https://support.backpack.exchange/exchange/trading/concepts-and-tools/charts-candlesticks-indicators) [NextProgramschevron-right](https://support.backpack.exchange/exchange/programs) Last updated 2 months ago --- # Spot Margin Trading | Backpack Exchange Spot margin trading lets you **borrow assets against your collateral** to increase the size of a spot position. You trade the underlying asset, and borrowed amounts **accrue interest** and are repaid later. [hashtag](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading#spot-margin-trading-on-the-web) Spot Margin Trading on the Web --------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1. **Deposit funds into your exchange account (crypto or fiat).** * [Crypto Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit#how-to-deposit) * [Fiat Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire) 2. **Navigate to the Spot Trading section** * Select your desired trading pair (e.g., SOL/USD) * Choose the trading direction (Buy/Sell) 3. **Select** [**Order Type**](https://support.backpack.exchange/exchange/trading/order-types) 4. **Enter the required parameters** * Price * Quantity 5. **Check the "Margin" box** 6. **Submit the order.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F0nfcElq4S85qE0hAK6Je%252Fimage.png%3Falt%3Dmedia%26token%3D136c9335-7656-4406-ba8c-6563e8ce0708&width=768&dpr=4&quality=100&sign=f213bca8&sv=2) [hashtag](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading#spot-margin-trading-on-mobile) Spot Margin Trading on Mobile ------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1. **Deposit funds into your exchange account (crypto or fiat).** * [Crypto Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit#how-to-deposit) * [Fiat Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire) 2. **Navigate to the Spot Trading section** * Select your desired trading pair (e.g., SOL/USD) * Choose the trading direction (Buy/Sell) 3. **Select** [**Order Type**](https://support.backpack.exchange/exchange/trading/order-types) 4. **Enter the required parameters** * Price * Quantity 5. **Check the "Margin" box** 6. **Submit the order.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FOUkj8WuHnSsHgkNwyVux%252Fimage.png%3Falt%3Dmedia%26token%3Dc7c24441-31bd-4736-b7fc-99799f260cdb&width=768&dpr=4&quality=100&sign=3754912f&sv=2) [hashtag](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading#frequently-asked-questions) Frequently Asked Questions ------------------------------------------------------------------------------------------------------------------------------------------------------------- chevron-right**What are the fees for spot margin trading?**[hashtag](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading#what-are-the-fees-for-spot-margin-trading) Spot margin trading typically incurs the following fees: * **Interest on Borrowed Funds** – You are charged interest for borrowing funds. The rate varies depending on the currency. Simply select a different currency on the **lending page** to view the real-time lending and borrowing interest for that currency. * **Trading Fees** – Standard trading fees apply to buy and sell orders, which depend on your VIP level or maker/taker status. chevron-right**What is leverage in spot margin trading?**[hashtag](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading#what-is-leverage-in-spot-margin-trading) Leverage allows you to control a larger position than your initial investment. For example, with 3x leverage, you can trade three times the amount of your deposited collateral. Leverage increases both the potential for profit and the risk of loss. chevron-right**Can I use spot margin trading with multiple leverage options?**[hashtag](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading#can-i-use-spot-margin-trading-with-multiple-leverage-options) * Yes. You can select different leverage levels for each trade, depending on your risk tolerance and the specific pair you are trading. However, it’s important to consider the increased risk associated with higher leverage. * Please note that each currency has its own maximum leverage limit, which changes based on the position value. chevron-right**Can I be liquidated with spot margin trading?**[hashtag](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading#can-i-be-liquidated-with-spot-margin-trading) Liquidation occurs when your margin balance falls below the required maintenance margin. If this happens, your position will be automatically closed to repay the borrowed funds. This can result in a loss of your collateral. chevron-right**How do I avoid liquidation in spot margin trading?**[hashtag](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading#how-do-i-avoid-liquidation-in-spot-margin-trading) * Always monitor your account's MMR. At 100% or greater, your account will enter liquidation. * You can also set up **Stop-Loss orders** to automatically close your position if the market moves against you. circle-info ### [hashtag](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading#learn-more-about-spot-margin) 👉[**Learn more about Spot Margin.**](https://support.backpack.exchange/technical-docs/trading/spot-margin) [PreviousSpot Marginchevron-left](https://support.backpack.exchange/exchange/trading/spot/spot-margin) [NextSpot Margin VS Futureschevron-right](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-vs-futures) Last updated 29 days ago * [Spot Margin Trading on the Web](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading#spot-margin-trading-on-the-web) * [Spot Margin Trading on Mobile](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading#spot-margin-trading-on-mobile) * [Frequently Asked Questions](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-trading#frequently-asked-questions) --- # Welcome - ようこそ - | Backpack Exchange This page explains Backpack’s **Borrow / Lend** features, with a focus on how assets are handled and the rules around withdrawals. このページでは、**Backpackの 借入/ 貸出 機能**について、資産の取扱いや出金ルールを中心に説明します。 * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/welcome-youkoso#about-auto-lend-rendingunitsuite) About Auto Lend / 自動レンディングについて On Backpack, eligible crypto assets are **automatically lent out immediately upon deposit under a 7-day maturity date loan**, and interest begins to accrue. Auto Lend is not a configurable setting. It is **always applied as part of the asset handling rules**, and no action is required from the user to enable or disable it. Backpackでは、対象となる資産は**入金と同時に、**自動レンディングの対象となり、利息の付与が開始されます。 この自動レンディングは、内部的には**7日間の期間を持つ貸付**（**ローン）**として管理されており、 この期間中は当該資産を出金することができません（出金不可期間）。 自動レンディング は設定項目ではなく、**資産の取扱いルールとして常に適用**されており、 ユーザーによる有効化・無効化の操作は不要です。 * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/welcome-youkoso#interest-accrual-nonitsuite) Interest Accrual / 利息の発生について * Interest from lending **accrues automatically** * Interest continues to accrue **as long as no withdrawal is made** * **Interest does not accrue while a withdrawal request is pending** _Estimated APY and estimated annual earnings may vary depending on market conditions._ * レンディングによる利息は **自動的に発生**します * 出金を行わない限り、**利息は継続して付与**されます * 出金申請中は、利息の付与は行われません ※ 推定年率利回りおよび想定年間収益は、マーケット状況に応じて変動します。 * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/welcome-youkoso#basic-withdrawal-rules-nisururru) Basic Withdrawal Rules / 出金に関する基本ルール For the same deposited asset, a new **7-day maturity loan** is created upon the most recent deposit, and the asset **cannot be withdrawn until the loan matures**. This withdrawal lock is managed **per subaccount and per asset**. For detailed examples, please refer to the [FAQ](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/faq-yokuaru) section. 同一の資産を追加入金した場合、**直近の入金時点を起点として**、内部的に管理されている貸付（ローン）の期間が、**あらためて7日間に設定されます。** この期間中は当該資産を出金することができません（出金不可期間）。 この出金制限は、**サブアカウントごと × 資産ごと** に管理されます。 詳細な例については、[FAQ](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/faq-yokuaru) をご確認ください。 [PreviousFor Japanese Userschevron-left](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users) [NextHow to use Borrow/Lend - 借入/貸出の使い方 -chevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/how-to-use-borrowlend-jp) Last updated 1 month ago --- # Stop Loss | Backpack Exchange A Stop-Loss (SL) order automatically closes your position when the market moves against you and reaches your defined loss threshold. It’s designed to help you manage risk and limit potential losses. * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/stop-loss#trigger-conditions) Trigger Conditions A Stop-Loss order is activated when your selected trigger price source — Latest, Mark, or Index — reaches or exceeds the stop price you set. * Long (Sell) → Triggered when the market price falls to or below your stop price. * Short (Buy) → Triggered when the market price rises to or above your stop price. Once triggered, the Stop-Loss order converts into either a Market or Limit order based on your chosen execution type. * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/stop-loss#execution-types) Execution Types **Stop-Market Order** * Once triggered, the order converts to a market order, executing immediately at the best available price. * The execution price may differ from your stop price due to slippage or price gaps, particularly in fast-moving markets. * Partial fills may occur depending on liquidity at the time of execution. **Stop-Limit Order** * Once triggered, the order becomes a limit order at your specified limit price. * Provides price control, but execution is not guaranteed — if the market continues to move away from your limit price, the order may remain unfilled and fail to provide stop-loss protection. * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/stop-loss#parameter-recommendations) Parameter Recommendations Long (Sell) Trigger Price ≥ Limit Price Setting the limit price slightly below the trigger price increases the chance of execution during downward movement. Short (Buy) Trigger Price ≤ Limit Price Setting the limit price slightly above the trigger price increases the chance of execution during upward movement. circle-info **Tip**: Adding a small “spread” between your trigger and limit prices helps improve execution reliability while maintaining price control. * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/stop-loss#trigger-price-source) Trigger Price Source Choose which price source triggers your Stop-Loss order: * **Mark Price** — Reduces the chance of false triggers caused by short-term price spikes. * **Last Traded Price** — More sensitive to rapid market movements but may trigger early during volatility. * **Index Price** — Reflects an aggregated market rate and offers stability during abnormal price fluctuations. * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/stop-loss#risk-reminder) Risk Reminder * During extreme volatility, Stop-Market orders may execute far from your trigger price. * Stop-Limit orders may fail to execute if the market price moves past the limit price too quickly. * In both cases, your position may remain open longer than expected, increasing potential losses. * For most users, Mark Price triggers offer the best balance between stability and timely activation. circle-info ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/stop-loss#for-details-on-how-to-set-a-stop-loss-order-please-refer-to-this-page) 👉**For details on how to set a stop loss order, please refer to** [**this page.**](https://support.backpack.exchange/exchange/trading/futures#how-to-correctly-set-take-profit-and-stop-loss-orders-for-open-positions) [PreviousTake Profitchevron-left](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss/take-profit) [NextTrading Botschevron-right](https://support.backpack.exchange/exchange/trading/trading-bots) Last updated 2 months ago --- # Using Grid Bots on Web | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#how-to-set-up-a-grid-bot) How to Set Up a Grid Bot？ #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#step-1-create-a-grid-bot) Step 1: Create a Grid Bot 1. Log in to your exchange account. 2. Click on your **account avatar**. 3. Click the **"+" icon** next to Bot Accounts. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FEoJv8mWNaGdJ1z4x3Gpz%252Fimage.png%3Falt%3Dmedia%26token%3D1584c0d5-e35c-4fe6-a1ee-de3b42774a83&width=768&dpr=4&quality=100&sign=5aa6b99f&sv=2) 1. Enter a name for your bot (e.g., "SOL Grid Strategy"). 2. Click **Add subaccount**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FwSTHQezdQx56AYM9HPPh%252Fimage.png%3Falt%3Dmedia%26token%3D46d44c4b-0303-42e8-aa76-67f037aa6f60&width=768&dpr=4&quality=100&sign=c4dbde1d&sv=2) * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#step-2-fund-your-bot) Step 2: Fund Your Bot Transfer funds to your bot subaccount using one of these methods: * [Transfer funds from your main account](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#deposit-via-subaccounts) * [Deposit from an external wallet into the subaccount.](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit) * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#step-3-select-the-trading-pair) Step 3: Select the Trading Pair 1. Enter your bot subaccount. 2. Navigate to the **Bots** section. 3. Choose **Futures Trading**. 4. Select your target trading pair (e.g., SOL-PERP). ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FN33SudZi5sjmmpi8pjC6%252Fimage.png%3Falt%3Dmedia%26token%3D5d4f368d-258f-4139-99cd-ea0a05d39df7&width=768&dpr=4&quality=100&sign=9083d094&sv=2) * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#step-4-configure-parameters) Step 4: Configure Parameters 1. Set the **Price Lower Limit** — The lowest price in your grid range. 2. Set the **Price Upper Limit** — The highest price in your grid range. 3. Enter the **Number of Grids** — How many price levels to create within the range. 4. Enter the **Total Grid Value** — The capital allocated to this grid. 5. Click **Create Grid** — The bot will begin running automatically. > **Note:** More grids = more frequent trades with smaller price differences between levels. Fewer grids = less frequent trades with larger price differences between levels. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F2YFfgiPpER0nt78PaV25%252Fimage.png%3Falt%3Dmedia%26token%3Dd761b69c-3dfd-4743-a559-fd98f2cdd980&width=768&dpr=4&quality=100&sign=50e6c7fa&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#take-profit-and-stop-loss-settings) Take-Profit and Stop-Loss Settings > ⚠️ **Important:** Take-profit and stop-loss apply to the **entire bot subaccount**, not to individual grids. #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#stop-loss) Stop-Loss Defines a drawdown threshold that will stop the bot when reached. **How it works:** * The bot tracks the starting equity of your subaccount from the moment the strategy is activated. * If equity falls X% below the starting equity, the bot stops automatically. **Example:** Starting equity is $1,500. With a 20% stop-loss setting, the bot stops if equity drops to $1,200. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FW4wAcIQZcDwCtBxVqTfb%252Fimage.png%3Falt%3Dmedia%26token%3Dd5c446c6-0322-4e83-ae41-693f1128200f&width=768&dpr=4&quality=100&sign=2416b9ae&sv=2) #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#take-profit) Take-Profit Defines an equity threshold that will pause the bot when reached. **How it works:** * The bot tracks the starting equity of your subaccount from the moment the strategy is activated. * If equity rises X% above the starting equity, the bot pauses automatically. **Example:** Starting equity was $1,000. With a 20% take-profit setting, the bot pauses when equity reaches $1,200. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FhpAeFTdpNjjcBeoud0S8%252Fimage.png%3Falt%3Dmedia%26token%3Dfa473f45-6a16-42c4-b3ea-ce55d53ac75b&width=768&dpr=4&quality=100&sign=38df969e&sv=2) * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#auto-close-positions) Auto-Close Positions When setting up take-profit or stop-loss, you can choose whether to **automatically close all positions** when either threshold is triggered. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FpZx61AWQiIPRf6fWBt1P%252Fimage.png%3Falt%3Dmedia%26token%3D5a0b7faa-d303-40fe-b8dc-798157ee6b25&width=768&dpr=4&quality=100&sign=1b62c65a&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#bot-management) Bot Management #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#understanding-bot-on-off-states) Understanding Bot ON/OFF States The ON/OFF toggle controls whether the bot is actively managing trades for the entire subaccount. State What Happens ON The bot actively executes trades according to your grid configurations. **Important:** You cannot manually trade in this subaccount while the bot is ON. OFF The bot stops executing new orders. Existing pending orders remain but can be cancelled manually. You can trade manually in the subaccount. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FXTZYLDLYBuEcMaxaUfRJ%252Fimage.png%3Falt%3Dmedia%26token%3De4ae3c83-413c-4c76-bcdb-90678f117310&width=768&dpr=4&quality=100&sign=e023438b&sv=2) > ⚠️ **Key Point:** If the bot is ON but you have no active grids, no trading will occur. The bot needs at least one grid to execute trades. > ⚠️ **Manual Trading Restriction:** You cannot manually place orders in a bot subaccount while the bot is ON. Turn the bot OFF first if you need to intervene manually. * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#adjusting-grid-settings) Adjusting Grid Settings To modify an active grid: 1. Go to the **Grids** tab. 2. Select **Edit**. 3. Adjust parameters such as: * Expanding or narrowing the price range * Pausing or restarting the grid ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FcO0zXpgSbuc7FG4zu5X0%252Fimage.png%3Falt%3Dmedia%26token%3D183be48b-7b73-4dd8-a1af-e5a153fc392a&width=768&dpr=4&quality=100&sign=a27114fe&sv=2) * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#deleting-a-grid) Deleting a Grid 1. Go to the **Grids** tab. 2. Select **Delete**. 3. Choose whether to close all remaining positions automatically. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Fn8Oyrb3C4EyyTzLWJpIZ%252Fimage.png%3Falt%3Dmedia%26token%3D86a28add-adf3-45e4-8ad5-71e87bc26c33&width=768&dpr=4&quality=100&sign=8cd13f7c&sv=2) [PreviousTrading Botschevron-left](https://support.backpack.exchange/exchange/trading/trading-bots) [NextUsing Grid Bots on Mobilechevron-right](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-mobile) Last updated 6 days ago * [How to Set Up a Grid Bot？](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#how-to-set-up-a-grid-bot) * [Take-Profit and Stop-Loss Settings](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#take-profit-and-stop-loss-settings) * [Bot Management](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web#bot-management) --- # Interest Rates | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/interest-rates#what-are-interest-rates) **What Are Interest Rates?** **Interest rates** represent the cost of borrowing assets or the yield earned by lenders who supply liquidity. Rates are typically **variable** and adjust dynamically based on market conditions, primarily driven by **Utilization** (the percentage of funds in the pool that have been borrowed). * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/interest-rates#how-are-interest-rates-determined) **How Are Interest Rates Determined?** 1. **Utilization-Based Model** * When **Utilization is low**, borrowing demand is weak → interest rates are lower. * When **Utilization is high**, borrowing demand is strong → interest rates increase to encourage repayment and attract more deposits. 2. **Borrower Interest Rate** * This is the rate borrowers pay on borrowed assets. * The rate adjusts dynamically depending on the pool’s Utilization level. 3. **Lender (Deposit) Interest Rate** * This is the yield lenders earn by supplying assets. * It is derived from the borrowing interest rate, after accounting for the exchange/protocol’s fee (if applicable). * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/interest-rates#why-do-interest-rates-change) **Why Do Interest Rates Change?** * **Market Supply & Demand:** More borrowing increases rates, while higher deposits reduce rates. * **Liquidity Conditions:** High utilization raises rates to incentivize lenders to supply more liquidity. * **Platform Risk Management:** Dynamic adjustments help maintain balance and protect against liquidity shortages. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/interest-rates#how-can-i-view-the-current-lending-rates) How can I view the current lending rates? 1. Click **“Lend”** to enter the Lending page. 2. Open the **token selection dropdown menu**. 3. You will then be able to view the **real-time borrow and lend rates** for different tokens. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FxN7g5Hi1tf3ybBos65AL%252Fimage.png%3Falt%3Dmedia%26token%3D7b54daa8-126e-43c0-a84e-9432376a3f1c&width=768&dpr=4&quality=100&sign=621991f8&sv=2) circle-info ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/interest-rates#learn-more-about-interest-rates) **👉**[**Learn more about** Interest Rates](https://support.backpack.exchange/technical-docs/borrow-and-lend/utilization-and-interest-rates) [PreviousUtilizationchevron-left](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/utilization) [NextRiskschevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/risks) Last updated 2 months ago * [What Are Interest Rates?](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/interest-rates#what-are-interest-rates) * [How Are Interest Rates Determined?](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/interest-rates#how-are-interest-rates-determined) * [Why Do Interest Rates Change?](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/interest-rates#why-do-interest-rates-change) * [How can I view the current lending rates?](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/interest-rates#how-can-i-view-the-current-lending-rates) --- # Utilization | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/utilization#what-is-utilization) **What Is Utilization?** **Utilization** refers to the percentage of total available funds in a lending pool that have been borrowed by users. It reflects how much of the pool’s liquidity is currently in use. **Formula:** Utilization=Total Borrowed / Total Lent × 100% For example: * If a pool has **1,000 USDT deposited** and **800 USDT borrowed**, * Then **Utilization = 80%**. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/utilization#why-is-utilization-important) **Why Is Utilization Important?** * **For Lenders:** * High utilization means more of their funds are actively lent out, potentially earning **higher interest.** * Very high utilization, however, may **limit withdrawal flexibility**, as most funds are borrowed. * **For Borrowers:** * High utilization can lead to **higher interest rates**, as demand for liquidity is strong. * Low utilization generally means **lower borrowing costs** and easier access to funds. * **For the Exchange:** * Utilization helps balance supply and demand in the lending market. * It influences the **dynamic interest rate model** — interest rates often increase when utilization is high, encouraging repayment and new deposits. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/utilization#key-parameters) **Key Parameters** * **Optimal Utilization:** The point where interest rates begin to increase rapidly to encourage more lending and loan repayments. * **Throttled Utilization:** The utilization rate threshold where lend redeems and new borrows are paused to prevent 100% utilization. * **Max Utilization:** The maximum utilization rate threshold where no lend redeems or new borrows are allowed, and positions may be automatically deleveraged. circle-info ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/utilization#learn-more-about-utilization) **👉**[**Learn more about** Utilization](https://support.backpack.exchange/technical-docs/borrow-and-lend/utilization-and-interest-rates) [PreviousUtilization, Interest Rates, Riskschevron-left](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks) [NextInterest Rateschevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/interest-rates) Last updated 1 month ago * [What Is Utilization?](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/utilization#what-is-utilization) * [Why Is Utilization Important?](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/utilization#why-is-utilization-important) * [Key Parameters](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks/utilization#key-parameters) --- # Points | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/programs/points#backpack-exchange-points-program) **Backpack Exchange Points Program** * **Season Timeline** * Season 1: March 21, 2025 – May 29, 2025 * Season 2: July 3, 2025 - September 10, 2025 * Season 3: September 11, 2025 - November 19, 2025 * Season 4: Started on November 20, 2025 * **Points Distribution** * Points are distributed weekly, based on user activity across all products. * Criteria for points are continuously updated and intentionally opaque. * Goal: Reward users who contribute to Backpack’s growth. * Distribution schedule: * Every Friday at 02:00 UTC * Based on activity ending Thursday at 00:00 UTC * Backpack reserves the right to adjust previous point distributions. * **Ranks** * Ranks are tied to each season. * When a new season begins, all users start from zero. * Rank tiers: **Bronze, Silver, Gold, Platinum, Diamond, Challenger** * **Special Drops** * **Legacy Drop**: Snapshot taken on March 20, 2025, at ~09:00 UTC, allocated to historical users since late 2023. * **Bonus Drop**: 10 million points distributed to active users during the off-season between Season 1 and Season 2. * **Affiliate Point Matching** * Qualified affiliates earn elevated points based on the activity of referred users. * Granted at Backpack’s discretion. * **User Access** * View your points and rank: [https://backpack.exchange/pointsarrow-up-right](https://backpack.exchange/points) * Get started: Sign up at [https://backpack.exchange/arrow-up-right](https://backpack.exchange/) or download the Backpack app [herearrow-up-right](https://backpack.app/download) . [PreviousProgramschevron-left](https://support.backpack.exchange/exchange/programs) [NextRank Referral Program (Points)chevron-right](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points) Last updated 1 month ago --- # FAQs | Backpack Exchange chevron-right**When should you use TWAP?**[hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/faqs#when-should-you-use-twap) * When placing a large order that might cause price slippage * When markets are volatile and you want to average your entry/exit * When you want to reduce visibility to bots or other traders chevron-right**Will using the TWAP strategy incur additional fees?**[hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/faqs#will-using-the-twap-strategy-incur-additional-fees) Using the TWAP strategy does **not** incur additional fees. Users only pay standard trading fees based on actual matched trades. chevron-right**Is a longer running time and higher frequency always better?**[hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/faqs#is-a-longer-running-time-and-higher-frequency-always-better) Not necessarily. Choose execution duration and frequency based on: **Setting** **Advantages** **Risks** **Longer duration** \- Lower market impact - Closer to average market price \- Exposed to longer volatility - Slower completion **Shorter duration** \- Faster execution - Useful for fast markets \- Higher slippage risk - Needs deeper liquidity **Higher frequency** \- Smoother execution - Better for high-frequency price moves \- High system request rate - More demand on account/data updates **Lower frequency** \- Simpler operations - Potentially lower fees (per order) \- Less smooth - Higher chance of missing market opportunities chevron-righta**re TWAP orders guaranteed to execute?**[hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/faqs#are-twap-orders-guaranteed-to-execute) No. TWAP orders are executed based on market liquidity and may not fill completely if market conditions change. chevron-right**Are executed TWAP orders considered market or limit orders?**[hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/faqs#are-executed-twap-orders-considered-market-or-limit-orders) TWAP orders are split into smaller **market orders** when executed. Each slice follows the current best bid/ask price with slight adjustments based on your randomization settings. chevron-right**Can TWAP run across multiple pairs or markets simultaneously?**[hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/faqs#can-twap-run-across-multiple-pairs-or-markets-simultaneously) No. Each TWAP strategy instance supports **only one trading pair**. To use TWAP across multiple pairs, create **separate strategy instances**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F6vBIRL6VsphEUTNf5zni%252Fimage.png%3Falt%3Dmedia%26token%3Defaf9225-71ac-46d3-bd0a-c53cbfbd84a2&width=768&dpr=4&quality=100&sign=23f0f7c2&sv=2) chevron-right**Under what circumstances could a TWAP strategy fail or be interrupted?**[hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/faqs#under-what-circumstances-could-a-twap-strategy-fail-or-be-interrupted) TWAP may fail or terminate early due to: * **Insufficient account balance** (Cannot place next sub-order) * **Manual cancellation by the user** * **System errors or network issues** (Maintenance, data issues, or connectivity disruptions) > After interruption, no new orders will be placed. Check your **strategy history** for filled and unfilled parts. chevron-right**Does TWAP guarantee execution at or better than the target average price?**[hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/faqs#does-twap-guarantee-execution-at-or-better-than-the-target-average-price) No. TWAP's goal is to **approximate** the time-weighted average price. However, due to real-time **price fluctuations** and **liquidity changes**, final prices may deviate. The platform **does not guarantee** a specific execution price. > Proper configuration of time, frequency, and price control parameters can help minimize deviation. chevron-right**How to view your order history**[hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/faqs#how-to-view-your-order-history) **View Your Order History on Web** 1. On the order entry page, select **‘TWAP’** 2. Select **‘Running’**（To view past orders, click the **‘History’** tab on the right） 3. Click **‘Details’** to view your strategy execution history ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FnavBd7cLPmRMa8n3n6do%252Fimage.png%3Falt%3Dmedia%26token%3D4c17ee11-d305-462d-a6fe-ebde280cbcd2&width=768&dpr=4&quality=100&sign=8dbfb2da&sv=2) **View Your Order History on Mobile** 1. On the order entry page, select **‘TWAP’** 2. Select **‘Running’**（To view past orders, click the **‘History’** tab on the right） 3. Click **‘Details’** to view your strategy execution history ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F2JS0gVRY2Vq4Gsgc8ioY%252Fimage.png%3Falt%3Dmedia%26token%3D12c1344b-228d-42bf-8756-1b0726811a59&width=768&dpr=4&quality=100&sign=c13af8a9&sv=2) chevron-right**How to terminate your TWAP strategy**[hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/faqs#how-to-terminate-your-twap-strategy) **Terminate Your TWAP Strategy on Web** 1. On the order entry page, select **‘TWAP’** 2. Click **‘Cancel’** to immediately stop the strategy (Unfilled sub-orders will be withdrawn) ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FLXYVwLXzMoHZJbT38mLK%252Fimage.png%3Falt%3Dmedia%26token%3D36efd2c9-93e6-4853-a5f5-4b32a5ef4f9f&width=768&dpr=4&quality=100&sign=ff293df3&sv=2) **Terminate Your TWAP Strategy on Mobile** 1. On the order entry page, select **‘TWAP’** 2. Click **‘Cancel’** to immediately stop the strategy (Unfilled sub-orders will be withdrawn) ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FsvhxHOGwgf2FN6Rz8ptl%252Fimage.png%3Falt%3Dmedia%26token%3De1135e98-5ce2-4755-ae3c-9661e5772b3c&width=768&dpr=4&quality=100&sign=1696e53b&sv=2) [PreviousHow to Use the TWAP Strategychevron-left](https://support.backpack.exchange/exchange/trading/order-types/twap/how-to-use-the-twap-strategy) [NextScaled Orderchevron-right](https://support.backpack.exchange/exchange/trading/order-types/scaled-order) Last updated 2 months ago --- # Charts, candlesticks, Indicators | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/trading/concepts-and-tools/charts-candlesticks-indicators#overview) **Overview** When participating in crypto lending and borrowing, it is important to monitor market trends and assess risks. Exchanges provide **charts, candlestick views, and trading indicators** to help users analyze asset price movements, evaluate borrowing opportunities, and manage lending risks more effectively. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/concepts-and-tools/charts-candlesticks-indicators#id-1.-charts) **1\. Charts** Charts provide a **visual representation of price and market activity** for each cryptocurrency. They help users: * Track historical price trends. * Identify support and resistance levels. * Monitor volatility, which may impact interest rates and borrowing risk. **Key Tip:** For lenders, monitoring charts helps assess the stability of the asset being lent. For borrowers, it helps time entry and exit to avoid borrowing during highly volatile conditions. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/concepts-and-tools/charts-candlesticks-indicators#id-2.-candlesticks) **2\. Candlesticks** A **candlestick chart** shows how the price of an asset has moved during a specific time interval (e.g., 1 minute, 1 hour, 1 day). Each candlestick contains four key data points: * **Open** – The price at the beginning of the interval. * **Close** – The price at the end of the interval. * **High** – The highest price reached during the interval. * **Low** – The lowest price reached during the interval. **Usage in Lending & Borrowing:** * Candlesticks help identify short-term vs. long-term market trends. * Sharp price movements may signal higher borrowing risk (liquidation risk). * Stable price patterns suggest safer lending or borrowing conditions. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/concepts-and-tools/charts-candlesticks-indicators#id-3.-indicators) **3\. Indicators** Indicators are **technical analysis tools** applied to charts that help interpret market conditions. Commonly used indicators include: * **Moving Averages (MA / EMA):** Show overall trend direction. Helpful to decide when to borrow or repay. * **Relative Strength Index (RSI):** Measures overbought or oversold conditions. Can indicate potential price reversals. * **Bollinger Bands:** Reflect price volatility; wide bands suggest high volatility, which may increase liquidation risk for borrowers. * **Volume Indicators:** Show trading activity; high volume may mean stronger support/resistance levels. **Usage in Lending & Borrowing:** * Borrowers can use indicators to avoid entering positions in overheated markets. * Lenders can use them to gauge market sentiment before supplying assets. * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/concepts-and-tools/charts-candlesticks-indicators#key-points-to-remember) **Key Points to Remember** * Charts and candlesticks **visualize market data**, helping both borrowers and lenders make informed decisions. * Indicators provide **deeper insights** into trends, momentum, and volatility. * Monitoring these tools helps **reduce risks**, such as unexpected liquidations for borrowers or asset devaluation for lenders. [PreviousView and Export Trading Historychevron-left](https://support.backpack.exchange/exchange/trading/concepts-and-tools/view-and-export-trading-history) [NextFAQchevron-right](https://support.backpack.exchange/exchange/trading/concepts-and-tools/faq) Last updated 2 months ago * [Overview](https://support.backpack.exchange/exchange/trading/concepts-and-tools/charts-candlesticks-indicators#overview) * [1\. Charts](https://support.backpack.exchange/exchange/trading/concepts-and-tools/charts-candlesticks-indicators#id-1.-charts) * [2\. Candlesticks](https://support.backpack.exchange/exchange/trading/concepts-and-tools/charts-candlesticks-indicators#id-2.-candlesticks) * [3\. Indicators](https://support.backpack.exchange/exchange/trading/concepts-and-tools/charts-candlesticks-indicators#id-3.-indicators) * [Key Points to Remember](https://support.backpack.exchange/exchange/trading/concepts-and-tools/charts-candlesticks-indicators#key-points-to-remember) --- # Rank Referral Program (Points) | Backpack Exchange The Rank Referral Program rewards top badge holders with a percentage match of the points earned by their referred users. * * * #### [hashtag](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points#eligibility) Eligibility * **Who qualifies: Gold, Platinum, Diamond, Challenger** (Season 2 only) * **What you earn:** a weekly points match on the points your referrals generate * **First distribution:** **Week 8 of Season 2** (included in the standard weekly points payout) * **Available to Affiliate participants.** If you're already enrolled in the Affiliates program, you're still eligible. * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points#match-rates-season-2) Match Rates (Season 2) * **Gold:** 2% * **Platinum:** 3% * **Diamond:** 4% * **Challenger:** 5% * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points#how-it-works) How it works 1. A user signs up with your **referral code** and completes KYC. 2. Each week, your referred users earn points based on their activity. 3. You receive a percentage match (per the rates above) on those points. The match is included in the weekly points distribution. #### [hashtag](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points#example) Example If your referred user earns **10,000 points** in a week and your rank is **Diamond**, you receive **4% = 400 points** that week. * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points#notes-and-policies) Notes & Policies * **Season-specific:** Only **Season 2** ranks are eligible. * **Affiliate exclusion:** Users in the **Affiliates** program are **not** eligible for Rank Referral matches. * **Weekly cadence:** Matches follow the normal weekly distribution schedule. * The referral points will be included in the standard 10M weekly allocation. * **Program discretion:** We may adjust or correct prior distributions at our discretion. * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points#faqs) FAQs chevron-rightAre Affiliates eligible for Rank Referral matches?[hashtag](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points#are-affiliates-eligible-for-rank-referral-matches) Yes. If you're in the **Affiliate** program, you can also receive Rank Referral matches. chevron-rightWhich ranks count—Season 1 or Season 2?[hashtag](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points#which-ranks-count-season-1-or-season-2) Only **Season 2** ranks count for this program. chevron-rightWhat qualifies as a "referral"?[hashtag](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points#what-qualifies-as-a-referral) A user who registers using your referral code and completes KYC. You can find and share your code from the **Referrals** page. [PreviousPointschevron-left](https://support.backpack.exchange/exchange/programs/points) [NextReferralschevron-right](https://support.backpack.exchange/exchange/programs/referrals) Last updated 2 months ago * [Match Rates (Season 2)](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points#match-rates-season-2) * [How it works](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points#how-it-works) * [Notes & Policies](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points#notes-and-policies) * [FAQs](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points#faqs) --- # How to Use the TWAP Strategy | Backpack Exchange [hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/how-to-use-the-twap-strategy#use-the-twap-strategy-on-the-web) Use the TWAP strategy on the web ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/how-to-use-the-twap-strategy#spot-trading-with-twap) **Spot Trading with TWAP** 1. Navigate to the **Spot Trading** page 2. Select your desired **trading pair** and **position direction** (Buy/Sell) 3. Choose **‘TWAP’** as your order type 4. Enter required parameters: * Total Quantity * Running Time * Frequency 5. Optional settings: * Check **‘Randomize’** to enable randomized order execution * Check **‘Margin’** to use leverage 6. Place your order ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Fz0HA51raHglwTpmvPy1l%252Fimage.png%3Falt%3Dmedia%26token%3D6e72923b-4a7a-4a7c-8f03-82ca59107626&width=768&dpr=4&quality=100&sign=20b2b983&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/how-to-use-the-twap-strategy#futures-trading-with-twap) **Futures Trading with TWAP** 1. Navigate to the **Futures Trading** page 2. Select your desired **trading pair** and **position direction** (Buy/Sell) 3. Choose **‘TWAP’** as your order type 4. Enter required parameters: * Total Quantity * Running Time * Frequency 5. Optional settings: * Check **‘Randomize’** to enable randomized order execution * Check **‘Reduce Only’** to exclusively reduce existing positions 6. Place your order ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F7XXYrWcuopAAV6gCPkqM%252Fimage.png%3Falt%3Dmedia%26token%3Dc2a03bba-c6e1-4eb2-87f7-914b6e8c6b5b&width=768&dpr=4&quality=100&sign=1fce8003&sv=2) * * * [hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/how-to-use-the-twap-strategy#use-the-twap-strategy-on-mobile) Use the TWAP strategy on mobile -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/how-to-use-the-twap-strategy#spot-trading-with-twap-1) **Spot Trading with TWAP** 1. After entering the trading interface via **'Trade'**, click **'Spot'** in the top-left corner 2. Select your desired **trading pair** and **position direction** (Buy/Sell) 3. Choose **‘TWAP’** as your order type 4. Enter required parameters: * Total Quantity * Running Time * Frequency 5. Optional settings: * Check **‘Randomize’** to enable randomized order execution * Check **‘Margin’** to use leverage 6. Place your order ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FfM8YMNiEKQi8BRu21aBZ%252F1754996410237.jpg%3Falt%3Dmedia%26token%3D79caa2f6-5035-4e05-ae42-ae8956f0dc84&width=768&dpr=4&quality=100&sign=41503764&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/order-types/twap/how-to-use-the-twap-strategy#futures-trading-with-twap-1) **Futures Trading with TWAP** 1. After entering the trading interface via '**Trade'**, click '**Futures'** in the top-left corner 2. Select your desired **trading pair** and **position direction** (Buy/Sell) 3. Choose **‘TWAP’** as your order type 4. Enter required parameters: * Total Quantity * Running Time * Frequency 5. Optional settings: * Check **‘Randomize’** to enable randomized order execution * Check **‘Reduce Only’** to exclusively reduce existing positions 6. Place your order ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Fnfq71uw3ZcaDEptPdf90%252F1754996572452.jpg%3Falt%3Dmedia%26token%3Db0b91e08-c77c-4dbc-82c5-e5051e71104f&width=768&dpr=4&quality=100&sign=54e2ba72&sv=2) [PreviousTWAPchevron-left](https://support.backpack.exchange/exchange/trading/order-types/twap) [NextFAQschevron-right](https://support.backpack.exchange/exchange/trading/order-types/twap/faqs) Last updated 7 days ago * [Use the TWAP strategy on the web](https://support.backpack.exchange/exchange/trading/order-types/twap/how-to-use-the-twap-strategy#use-the-twap-strategy-on-the-web) * [Spot Trading with TWAP](https://support.backpack.exchange/exchange/trading/order-types/twap/how-to-use-the-twap-strategy#spot-trading-with-twap) * [Futures Trading with TWAP](https://support.backpack.exchange/exchange/trading/order-types/twap/how-to-use-the-twap-strategy#futures-trading-with-twap) * [Use the TWAP strategy on mobile](https://support.backpack.exchange/exchange/trading/order-types/twap/how-to-use-the-twap-strategy#use-the-twap-strategy-on-mobile) * [Spot Trading with TWAP](https://support.backpack.exchange/exchange/trading/order-types/twap/how-to-use-the-twap-strategy#spot-trading-with-twap-1) * [Futures Trading with TWAP](https://support.backpack.exchange/exchange/trading/order-types/twap/how-to-use-the-twap-strategy#futures-trading-with-twap-1) --- # Futures | Backpack Exchange [hashtag](https://support.backpack.exchange/exchange/trading/futures#why-choose-backpack-for-futures-trading) Why choose Backpack for futures trading? ----------------------------------------------------------------------------------------------------------------------------------------------------------- * **Unified Cross-Margin Account** * **Competitive trading fees** * **Passive Yield from Auto Lending** [hashtag](https://support.backpack.exchange/exchange/trading/futures#trading-futures-on-the-web) Trading Futures on the Web -------------------------------------------------------------------------------------------------------------------------------- * **Deposit funds into your exchange account (crypto or fiat).** * [Crypto Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit#how-to-deposit) * [Fiat Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire) * **Navigate to the Futures Trading section** * Select your desired trading pair (e.g., SOL-PERP) * Choose the trading direction (Buy/Sell) * **Select the** [**order type.**](https://support.backpack.exchange/exchange/trading/order-types) * **Enter the required parameters** * Price * Quantity * ... (and other necessary parameters) * **Optional settings** * **Post Only**: Ensures your order is placed as a maker order and does not take liquidity. * **IOC (Immediate or Cancel)**: Executes the order immediately as much as possible; any unfilled portion is canceled. Suitable for quick entries and exits. * **Reduce Only**: Ensures your order will only reduce your existing position and will not open a new position or increase the size of the current position. * **TP/SL (Take Profit/Stop Loss)**: Sets predefined price levels at which your position will be automatically closed to lock in profits (TP) or limit losses (SL). * ... (and other Optional settings) * **Submit the order.** [hashtag](https://support.backpack.exchange/exchange/trading/futures#trading-futures-on-mobile) Trading Futures on Mobile ------------------------------------------------------------------------------------------------------------------------------ * **Deposit funds into your exchange account (crypto or fiat).** * [Crypto Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit#how-to-deposit) * [Fiat Deposits](https://support.backpack.exchange/exchange/deposit-and-withdraw/fiat/how-to-deposit-via-wire) * **Navigate to the Futures Trading section** * Select your desired trading pair (e.g., SOL-PERP) * Choose the trading direction (Buy/Sell) * **Select the** [**order type.**](https://support.backpack.exchange/exchange/trading/order-types) * **Enter the required parameters** * Price * Quantity * ... (and other necessary parameters) * **Optional settings** * **Post Only**: Ensures your order is placed as a maker order and does not take liquidity. * **IOC (Immediate or Cancel)**: Executes the order immediately as much as possible; any unfilled portion is canceled. Suitable for quick entries and exits. * **Reduce Only**: Ensures your order will only reduce your existing position and will not open a new position or increase the size of the current position. * **TP/SL (Take Profit/Stop Loss)**: Sets predefined price levels at which your position will be automatically closed to lock in profits (TP) or limit losses (SL). * ... (and other Optional settings) * **Submit the order.** [hashtag](https://support.backpack.exchange/exchange/trading/futures#frequently-asked-questions) Frequently Asked Questions -------------------------------------------------------------------------------------------------------------------------------- chevron-rightHow can I view the PnL of a specific position?[hashtag](https://support.backpack.exchange/exchange/trading/futures#how-can-i-view-the-pnl-of-a-specific-position) * On the **Order** page or the **Portfolio** page, locate the open position you want to review. * Hover your mouse over **“PnL (ROI)”** to see how PnL is calculated under different price benchmarks and the corresponding amounts. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FkRqJP9gzCDerrIxbORji%252Fad18225c22793f5c89a4aeb27bb94e6f.png%3Falt%3Dmedia%26token%3D867739c5-24bf-48ea-ae73-02bf4a16332f&width=768&dpr=4&quality=100&sign=be1575ff&sv=2) * Hover over the numbers below to view the **Open PnL**, **Closed PnL**, and the **All Time PnL** for that position. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FSIcanju6A3VXs4utw1qz%252Fd2c010cd130a1b040ae91bb0e375b7f5.png%3Falt%3Dmedia%26token%3Dd4061929-3dda-4c15-8cbc-459dd9eedc54&width=768&dpr=4&quality=100&sign=3dafad68&sv=2) chevron-rightHow to correctly set take-profit and stop-loss orders for open positions[hashtag](https://support.backpack.exchange/exchange/trading/futures#how-to-correctly-set-take-profit-and-stop-loss-orders-for-open-positions) On the **Order Placement** page or the **Portfolio** page, locate the open position you want to manage and click the **Settings** button under the **TP/SL** tab. * **For closing the entire position:** * Select **“Entire Position.”** * From the dropdown menu, **set the benchmark for the trigger price.** * Enter the trigger prices for take-profit and stop-loss, then click **Confirm** to complete the **TP/SL market order** setup. * **If you prefer a limit order trigger**, check **“Limit Price,”** fill in the required parameters, and then click **Confirm.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Fe7cAj1smr7QYKwzh0XA8%252Fimage.png%3Falt%3Dmedia%26token%3De9dacce5-8046-4152-8807-78414e3d46c7&width=768&dpr=4&quality=100&sign=d584f7d0&sv=2) * **For partially closing a position:** * Select **“Partial Position.”** * Manually input or drag the slider to set the **quantity** you want to close. * From the dropdown menu, **set the benchmark for the trigger price.** * Enter the trigger prices for take-profit and stop-loss, then click **Confirm** to complete the **TP/SL market order** setup. * **If you prefer a limit order trigger,** check **“Limit Price,”** fill in the required parameters, and then click **Confirm.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Ffs95ILX2ia2qM4OptNX1%252Fimage.png%3Falt%3Dmedia%26token%3Dd7e7f49a-a490-4561-b599-f85d07f83e9c&width=768&dpr=4&quality=100&sign=1c9fea25&sv=2) For more details on TP/SL, please refer to [the documentation here.](https://support.backpack.exchange/exchange/trading/order-types/take-profit-and-stop-loss) chevron-right**How can I view and export my trading history?**[hashtag](https://support.backpack.exchange/exchange/trading/futures#how-can-i-view-and-export-my-trading-history) **Completed Order History** * Go to **Portfolio** → under the **Trades** tab, select **Fills**. * From the dropdown menu on the right, choose the corresponding token to view completed orders. * Hover your mouse over **“13 Days Ago”** to see the exact completion timestamp of the order. * If you need to export data for analysis, click the cloud icon under **Export**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FlXb7YzasvkO6aRLLFuwl%252Fimage.png%3Falt%3Dmedia%26token%3Daffd2737-384c-459a-9668-b9c38cb15df7&width=768&dpr=4&quality=100&sign=92a02159&sv=2) * * * **Order Placement History** * Go to **Portfolio** → under the **Trades** tab, select **Order History**. * From the dropdown menu on the right, choose the corresponding token to view your order placements and the price levels at which they were submitted. * Hover your mouse over **“13 Days Ago”** to see the detailed timestamp of the order placement. * If you need to export data for analysis, click the cloud icon under **Export**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F0wpKqzuCSkZ2rDxD0MbJ%252F6b309b21-1f4f-40cc-b1e3-a485d441091f.png%3Falt%3Dmedia%26token%3D8dc61259-4304-4229-b15b-7f755cb499e3&width=768&dpr=4&quality=100&sign=881cd6ef&sv=2) chevron-right**How to view my liquidation history?**[hashtag](https://support.backpack.exchange/exchange/trading/futures#how-to-view-my-liquidation-history) please visit [https://backpack.exchange/portfolio/futures/liquidationsarrow-up-right](https://backpack.exchange/portfolio/futures/liquidations?utm_source=chatgpt.com) circle-info ### [hashtag](https://support.backpack.exchange/exchange/trading/futures#learn-more-about-futures) **👉**[**Learn more about Futures**](https://support.backpack.exchange/technical-docs/trading/futures-specs) [PreviousSpot Margin VS Futureschevron-left](https://support.backpack.exchange/exchange/trading/spot/spot-margin/spot-margin-vs-futures) [NextFeeschevron-right](https://support.backpack.exchange/exchange/trading/futures/fees) Last updated 2 months ago * [Why choose Backpack for futures trading?](https://support.backpack.exchange/exchange/trading/futures#why-choose-backpack-for-futures-trading) * [Trading Futures on the Web](https://support.backpack.exchange/exchange/trading/futures#trading-futures-on-the-web) * [Trading Futures on Mobile](https://support.backpack.exchange/exchange/trading/futures#trading-futures-on-mobile) * [Frequently Asked Questions](https://support.backpack.exchange/exchange/trading/futures#frequently-asked-questions) --- # API & Developer Docs | Backpack Exchange For information on using the Backpack Exchange API — including trading, account management, and market data — please visit our official documentation: [Backpack Exchange API Documentationarrow-up-right](https://docs.backpack.exchange/) All API setup instructions, endpoint details, and WebSocket guides can be found there. [PreviousBug Bounty Programchevron-left](https://support.backpack.exchange/exchange/programs/bug-bounty-program) [NextGenerate API keys for Backpack Exchangechevron-right](https://support.backpack.exchange/exchange/api-and-developer-docs/generate-api-keys-for-backpack-exchange) Last updated 4 months ago --- # FAQ - よくある質問 - | Backpack Exchange This page answers frequently asked questions about asset handling and the Borrow / Lend features for Japan-based accounts. If you have questions about withdrawal rules or borrowing and lending, please review this page first. このページでは、借入／貸出機能および資産の取扱いについて、よくある質問をまとめています。 出金ルールや借入／貸出に関する疑問がある場合は、まずこちらをご確認ください。 chevron-rightQ1. When is Auto Lend enabled? **自動レンディングはいつ有効になりますか？**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/faq-yokuaru#q1-when-is-auto-lend-enabled-rendinguhaitsuninarimasuka) **Eligible assets are automatically lent out when they are deposited.** Auto Lend is always applied as **part of the asset handling rules** and cannot be toggled on or off by the user. * * * **対象となる資産は、入金された時点から自動的にレンディングの対象となります。** この自動レンディングは、**内部的には貸付（ローン）として管理されており**、 **資産の取扱いルールとして常に適用されています。** そのため、**自動レンディングを個別に ON / OFF することはできません。** chevron-rightQ2. What is the maturity date for each asset? **入金した資産の満期日（出金可能日）はいつですか？**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/faq-yokuaru#q2-what-is-the-maturity-date-for-each-asset-shitanohaitsudesuka) The maturity date for all eligible assets is **7 days**. During this period, the asset is considered **lent under a loan** and **cannot be withdrawn until the loan matures**. This loan is calculated **on a per-subaccount and per-asset basis**. * * * **対象となるすべての資産の満期日は、入金時点から7日間です。** この期間中、当該資産は**自動レンディング（貸出）の対象**となり、 **出金することはできません（出金不可期間）**。 この貸出は、**内部的には「貸付（ローン）」として管理**されています。 **ロック期間および貸付の管理は、「サブアカウントごと × 資産ごと」に個別に行われます。** chevron-rightQ3. What happens to the maturity date if I make an additional deposit? **追加入金をすると、満期日（出金可能日）はどうなりますか？**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/faq-yokuaru#q3-what-happens-to-the-maturity-date-if-i-make-an-additional-deposit-wosurutohadounarimasuka) Each additional deposit of the same asset into the same subaccount **creates a new 7-day maturity loan**, restarting the maturity period. As a result, the asset **cannot be withdrawn until the most recent loan has matured**. **Example:** * Day 0: Deposit BTC * Day 3: Deposit additional BTC → A new 7-day maturity loan starts on Day 3 → BTC cannot be withdrawn until Day 10 → On Day 10, the entire balance becomes withdrawable once the loan matures Once the 7-day maturity period ends, the asset **automatically becomes withdrawable**. **No user action, renewal, or reconfirmation is required.** * * * 同一のサブアカウントにおいて、同じ資産を追加入金した場合、 **直近の入金時点を起点として、満期日があらためて7日後に設定されます。** この満期日を迎えるまで、当該資産は出金することができません（出金不可期間）。 **例：** 初日：BTC を入金 3日目：BTC を追加入金 → **3日目時点で、満期日があらためて7日後（10日目）に再設定** → **BTC は 10日目まで出金不可** → **10日目に、満期到来後、全額が出金可能** 満期日を迎えると、当該資産は**自動的に出金可能な状態**になります。 **ユーザー側での操作、更新、再同意は一切不要です。** ※ この出金不可期間は、貸出（自動レンディング）に伴い、**内部的には貸付（ローン）の満期として管理**されています。 chevron-rightQ4. Can I withdraw assets that I have borrowed? **借入した資産は出金できますか？**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/faq-yokuaru#q4-can-i-withdraw-assets-that-i-have-borrowed-shitahadekimasuka) Yes, borrowed assets can be withdrawn. If you use a deposited asset as collateral **to borrow a different asset, the borrowed asset is withdrawable.** Example: Deposit BTC (BTC is locked for 7 days) Use BTC as collateral to borrow SOL → **SOL can be withdrawn** * * * はい、出金できます。 入金した資産を担保にして**別の資産を借入した場合、その借入資産は出金可能**です。 **例：** * BTC を入金（BTC は7日間出金不可） * BTC を担保に SOL を借入 * **SOL は出金可能** chevron-rightQ5. How do I borrow assets? **借入はどのように行いますか？**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/faq-yokuaru#q5-how-do-i-borrow-assets-hadonoyouniimasuka) To borrow assets, go to the **Withdrawal screen** and select the currency that you wish to borrow in the amount field. Ensure that **\[Margin\] is enabled in the bottom-left corner** of the screen. After selecting the currency, the following information will be displayed at the bottom of the screen: * Borrowable amount * Applicable interest rate * * * 借入を行う場合は、**出金画面**に移動し、数量欄で**借入したい通貨**を選択してください。 あわせて、画面左下にある **［Margin］ が有効になっていること**を確認してください。 通貨を選択すると、画面下部に以下の情報が表示されます。 * 借入可能な数量 * 適用される金利 chevron-rightQ6. **How does repayment work for borrowed assets?** **借入した資産の返済はどうなりますか？**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/faq-yokuaru#q6-how-does-repayment-work-for-borrowed-assets-shitanohadounarimasuka) If you make a deposit while you have an outstanding borrowed balance, **the deposited asset will automatically be applied toward repayment.** No manual repayment action is required from the user. * * * 借入残高がある状態で入金を行うと、**入金された資産は自動的に返済に充当**されます。 ユーザー側で返済操作を行う必要はありません。 chevron-right**Q7. What deposit methods are available? 　　どのような入金方法を利用できますか？**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/faq-yokuaru#q7-what-deposit-methods-are-availabledonoyounawodekimasuka) The following deposit methods are available: * **Crypto deposits** * **Debit Card Deposit (Banxa)** Some users may experience failed card payments when using Banxa (including Apple Pay / Google Pay). Common causes include temporary account restrictions triggered by fraud detection (error code 227), missing billing address information (especially the city field), or processing limitations on the bank or payment processor side. In such cases, the decision is made by the bank or payment processor, and unfortunately these issues are not directly controllable by us or Banxa. * * * 以下の入金方法をご利用いただけます。 * **暗号資産による入金** * **カード入金（Banxa）** 一部のユーザーにおいて、Banxaを利用したカード決済（Apple Pay / Google Pay 含む）が失敗するケースがあります。 主な要因として、不正検知（エラーコード227）による一時的な制限、カードの請求先住所（特に市区町村）の入力漏れ、または銀行・決済代行業者側での処理制限が挙げられます。 これらは銀行または決済代行業者側の判定による場合があり、Backpack、Banxa側で直接コントロールできないケースがあります。 chevron-right**Q8. What happens if I deposit an asset that is not supported for Lend / Borrow? 　　貸出に対応していない資産を誤って入金した場合はどうなりますか？**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/faq-yokuaru#q8-what-happens-if-i-deposit-an-asset-that-is-not-supported-for-lend-borrownishiteinaiwotteshitahado) If a user accidentally deposits an asset that is not supported for Lend, the user must contact Customer Support. ([\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) ) If Customer Support has technical access to the asset, it will be returned to the user on a best-effort basis. This handling is consistent with how most exchanges treat unsupported assets. **Regarding UI behavior:** * **Lend:** The list of lend-eligible assets may change over time and is not maintained as a fixed public list * Assets that are not eligible for Lend are not proactively hidden in the UI Each case will be handled individually by Customer Support.([\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) ) * * * 貸出に対応していない資産を誤って入金した場合は、カスタマーサポートまでお問い合わせください。 ([\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) ) 技術的に対応可能な場合に限り、返却対応を行う場合があります。 この取り扱いは、多くの暗号資産取引所における一般的な対応と同様です。 UI上の挙動について： * **貸出：** 貸出対象資産の一覧は固定された公開リストではなく、将来的に変更される可能性があります * 貸出対象外の資産は、UI上で自動的に非表示にはなりません 個別のケースについては、カスタマーサポートにて対応いたします。 問い合わせ先：[\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) [Previous借入の自動返済についてchevron-left](https://support.backpack.exchange/exchange/trading/borrow-and-lend/for-japanese-users/how-to-use-borrowlend-jp/auto-repay-jp) [NextTrading Feeschevron-right](https://support.backpack.exchange/exchange/trading/trading-fees) Last updated 28 days ago --- # Borrowing | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#how-to-borrow) How to Borrow? 1. Ensure you have sufficient collateral in your account. 2. Navigate to the Lend section and switch to the Borrow tab. 3. Choose the asset you want to borrow, enter the desired amount, and confirm the transaction. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FBbB6MQpLZYYXVERf1uGC%252Fimage.png%3Falt%3Dmedia%26token%3Dc7c6ef98-4a2e-4295-9470-006527b8f386&width=768&dpr=4&quality=100&sign=dd86e02&sv=2) ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#frequently-asked-questions) Frequently Asked Questions chevron-right**How much can I borrow on Backpack Exchange?**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#how-much-can-i-borrow-on-backpack-exchange) Your borrowing capacity depends on your remaining available equity—the higher your available equity, the more you can borrow. This is determined by your subaccount leverage setting, the token’s maximum borrowable leverage under different Notional Borrow Size tiers, and your net margin equity. No manual calculation is needed—you can easily view the maximum borrowable amount for your sub-account directly under the borrow button on the lending page. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FNozdULX4eiHEEfKhv6ZN%252Fimage.png%3Falt%3Dmedia%26token%3Dd3b6a4aa-5589-4d0b-a252-87adaaa35b68&width=768&dpr=4&quality=100&sign=c4029ce0&sv=2) chevron-right**Adjusting subaccount leverage for borrowing?**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#adjusting-subaccount-leverage-for-borrowing) 1. On the **Futures** or **Lending** page, go to the **Order Placement** section. 2. Next to **“Cross Margin Overview”**, you will see the leverage indicator. Click on it to adjust the setting. 3. This leverage setting applies as a **global leverage configuration for the subaccount**, affecting **Lending, Futures, and Spot Margin**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FOxd12CAkMk6B2NzKnizv%252Fimage.png%3Falt%3Dmedia%26token%3D43f01dbc-e249-41b8-b4b1-ffa829864465&width=768&dpr=4&quality=100&sign=ea516b12&sv=2) ⚠️**Note:** The selected leverage multiple represents the maximum leverage available to the subaccount. However, **in practice**, it is also **constrained** by the maximum leverage allowed for the specific token in different markets. chevron-right**Viewing maximum leverage by notional borrow size?**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#viewing-maximum-leverage-by-notional-borrow-size) 1. Click **“Lending”** to enter the Lending page. 2. Under the **“Models”** tab, click **“Margin.”** 3. Hover your mouse over the curve chart to view the leverage multiples for the selected token under different **Notional Borrow Size** tiers. 4. The value shown as **“Max Initial Leverage”** indicates the maximum multiple of the subaccount’s net equity that can be borrowed for that token. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FflV9mKoaPz3lIDicWWpG%252Fimage.png%3Falt%3Dmedia%26token%3De04e3533-5287-4e70-ac6c-125417e9d949&width=768&dpr=4&quality=100&sign=3805e678&sv=2) chevron-right**Why can’t I borrow funds?**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#why-cant-i-borrow-funds) 1. The **initial margin ratio** has reached **100%**, which means you no longer have any available equity to use as collateral for borrowing.You can borrow funds once you've either added more margin or reduced your position size, bringing the initial margin ratio below 100%. 2. When the **auto-lend** feature is **enabled**, borrowing can only occur through spot margin or withdrawals. If you wish to initiate a manual borrow,simply click the lightning icon next to the leverage multiplier to disable the auto-lend feature. Once it’s turned off, you’ll be able to proceed with the manual loan. chevron-right**What fees are associated with borrowing on Backpack Exchange?**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#what-fees-are-associated-with-borrowing-on-backpack-exchange) 1. Once a position is opened, **an entry fee** is immediately charged. This fee is equivalent to **a portion** of the hourly interest. For example, if you collateralize 1 BTC and borrow 2,000 USDC at 12:50 AM, and the next interest calculation occurs at 1:00 AM, then the 10 minutes of accrued interest will be your opening fee. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FHxEEOj0ashIkGD7Wrrgc%252Fimage.png%3Falt%3Dmedia%26token%3D8f14b308-b3bd-4488-a42f-28e48f2cb869&width=768&dpr=4&quality=100&sign=8047d80e&sv=2) 1. **An hourly interest charge** is applied at every hour on the hour. The hourly interest = (Borrowed Amount × Annual Interest Rate) ÷ 365 days ÷ 24 hours. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FmAVHewsnYYpj77Vj9mN1%252Fimage.png%3Falt%3Dmedia%26token%3Dc213e931-fbbf-4333-a7ef-9ed8add177d1&width=768&dpr=4&quality=100&sign=55677409&sv=2) chevron-right**How do I repay a borrow?**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#how-do-i-repay-a-borrow) To repay your borrowed assets: 1. Go to the **Lend section** and switch to the **Borrow tab.** 2. Select the asset you wish to repay, enter the repayment amount, and confirm the transaction. You can also enable Auto Lend, which will automatically use available balances to repay loans when possible. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Fqwjiq6NnJFLNRItQ5cbe%252Fimage.png%3Falt%3Dmedia%26token%3D63bce891-f4f7-4625-b1fe-4bb2c625b352&width=768&dpr=4&quality=100&sign=8f653bb1&sv=2) chevron-right**Can I withdraw my collateral while I have an open borrow position?**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#can-i-withdraw-my-collateral-while-i-have-an-open-borrow-position) Yes, you can withdraw a portion of your collateral, provided that doing so doesn’t lower your margin level below the required thresholds. If withdrawing collateral would put your account at risk of liquidation, the system will prevent the withdrawal. Always check your margin level before attempting to withdraw. chevron-right**Can I opt out of using specific assets as collateral?**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#can-i-opt-out-of-using-specific-assets-as-collateral) On Backpack Exchange, your account operates on a cross-margin basis, meaning **all eligible assets** are used as collateral **by default**. There is no option to disable or opt out of using specific assets as collateral within the same account. The only way to prevent an asset from being used as collateral is to move it to a sub-account, **isolating** it from your main account’s margin positions. chevron-right**What happens if the value of my collateral drops while I have an open borrow position?**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#what-happens-if-the-value-of-my-collateral-drops-while-i-have-an-open-borrow-position) If the value of your collateral decreases significantly, your margin level will also drop. If it falls below the Maintenance Margin Fraction, your positions will be at risk of **liquidation**. The system will automatically sell off your collateral to **repay** the borrowed funds. **To prevent this, monitor your margin level and add more collateral if needed.** chevron-right**How does the liquidation process work for borrowed funds?**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#how-does-the-liquidation-process-work-for-borrowed-funds) If your **Maintenance Margin Ratio reaches 100%**, the liquidation engine will begin reducing your positions and selling collateral in an orderly manner to cover the borrowed amount. This helps protect both you and the platform. If your account is liquidated, the engine may sell or convert assets on the order book. A 1% fee is charged for each order-book conversion performed during liquidation chevron-right**Can I use borrowed funds for trading on Backpack Exchange?**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#can-i-use-borrowed-funds-for-trading-on-backpack-exchange) Yes, you can use borrowed funds for both spot and margin trading. This feature provides extra capital to take advantage of market opportunities. However, using leverage increases your risk, so it’s important to manage your collateral carefully and monitor your margin level to avoid liquidation. circle-info ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#learn-more-about-borrowing) **👉**[**Learn more about** Borrowing](https://support.backpack.exchange/technical-docs/borrow-and-lend/borrowing) [PreviousLendingchevron-left](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending) [NextUtilization, Interest Rates, Riskschevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/utilization-interest-rates-risks) Last updated 1 month ago * [How to Borrow?](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#how-to-borrow) * [Frequently Asked Questions](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing#frequently-asked-questions) --- # Lending | Backpack Exchange [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#how-can-i-earn-interest-on-my-assets) **How can I earn interest on my assets?** ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1. Go to the **Lend section** at the top of your screen 2. Select the **asset** you wish to lend, specify the **amount**, and click Lend. 3. Enable **auto-lending** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FfdycJWHE1bxiM7H5tQ7n%252Fimage.png%3Falt%3Dmedia%26token%3D2ba0debf-74a1-4519-832b-bcaaebb05a0a&width=768&dpr=4&quality=100&sign=cac68360&sv=2) [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#earn-extra-sol-lending-rewards) Earn extra SOL lending rewards -------------------------------------------------------------------------------------------------------------------------------------------------------- Additional earnings on Backpack come from **staking rewards**. Backpack operates a **validator on the Solana network**, and any block rewards earned through on-chain staking are **passed directly back to users**. #### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#reward-distribution) **Reward Distribution** * **Staking APY** The staking APY varies depending on the **total amount of SOL staked** on the platform. * **Reward Schedule** Rewards are typically distributed **every Friday**, based on the on-chain **Solana epoch schedule**. If the current epoch hasn’t ended by Friday, rewards will **roll over** and be included in the **following week’s** distribution. * **Source of Rewards** Rewards are distributed proportionally and come from: * Solana’s **inflationary staking rewards** * **Validator block rewards** * **Jito MEV tips** #### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#yield-calculation) **Yield Calculation** Yield is calculated based on a user’s share of total lending on the platform **throughout each Solana epoch**. * The system takes **multiple snapshots** during each epoch to track: * How much each user has lent * Relative to the **total lending pool** on the platform #### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#notes-on-performance-and-variability) **Notes on Performance & Variability** * This is a **best-effort distribution** of staking returns from deployed assets. * **Actual yields may differ** from advertised rates due to: * Validator performance * Warm-up and cooldown periods of stake accounts * Market and network conditions during the epoch #### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#how-to-start-earning) **How to Start Earning?** To begin earning staking rewards: 1. **Enable the Auto Lend feature** in your Backpack account. 2. Your **SOL will be automatically staked**—no manual steps needed. 3. While staked: * Your SOL continues to **earn rewards** * You can still use it as **collateral** for trading or margin purposes > This gives users the dual benefit of **passive yield** and **active asset utility**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FQcEg394QIwyplQiQK89N%252Fimage.png%3Falt%3Dmedia%26token%3D2f721a73-8719-42cf-b3b7-8fd3893ed119&width=768&dpr=4&quality=100&sign=68e06d24&sv=2) * * * [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#earn-extra-usd-lending-rewards) Earn extra USD lending rewards -------------------------------------------------------------------------------------------------------------------------------------------------------- The **additional yield** on Backpack’s stablecoin comes from returns generated by the **internal stablecoin pool**. When you deposit: * **Fiat** * **USDC** * Or other supported stablecoins (e.g., **pyUSD**, coming soon) ...your assets are **automatically converted to Backpack USD** at a **1:1 ratio**. #### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#what-is-backpack-usd) **What Is Backpack USD?** **Backpack USD** is an internal unit of account used **exclusively within the Backpack Exchange**. It is: * **Not directly withdrawable** * Designed to **improve user experience** and **share yield benefits** #### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#two-key-purposes) **Two Key Purposes:** 1. **Smoother User Experience** Enables **instant, fee-free conversions** between fiat and USDC, with **no manual steps** required. 2. **Sharing Stablecoin Yield** Redistributes the **earnings typically retained by stablecoin issuers**—such as staking rewards or on-chain yield—**back to users**. #### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#yield-distribution-details) **Yield Distribution Details** * **Frequency**: Monthly * **Type**: Extra APY (annual percentage yield) applied to your Backpack USD balance * **Source**: Earnings from the platform’s internal stablecoin pool #### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#how-to-start-earning-1) **How to Start Earning?** To earn stablecoin yield: 1. **Enable the Auto Lend feature** in your account settings 2. Your USD will automatically start **earning interest**, no further action needed 3. While lent, your USD: * **Continues earning rewards** * **Can still be used as collateral** for trading or margin—giving you both yield and utility > **No lockups, no hidden steps—just passive yield while staying fully flexible.** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXfmPApBCBTIlKFCp5C8MHmzATRD6IG7-HH4_cD-YsbolFizWf1suL-nP4UgiKYVJBGak3DSyZ1YADCBn3BSeitW1Wqfere9hEBtl8ozROdFVCbH9UbncHq9S0K3sLbL26efmqsF%3Fkey%3DwuKTha0gdY6-p825UF2t6Pla&width=768&dpr=4&quality=100&sign=a9ecf542&sv=2) * * * [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#frequently-asked-questions) Frequently Asked Questions ------------------------------------------------------------------------------------------------------------------------------------------------ chevron-right**What are the benefits of lending assets on Backpack Exchange?**[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#what-are-the-benefits-of-lending-assets-on-backpack-exchange) 1. Lending assets on Backpack Exchange allows you to earn passive yield with minimal effort. If you enable **Auto-Lend**, your assets will be continuously lent, ensuring they generate interest whenever available. 2. The interest accrues over time and **compounds**, making it an efficient way to put your idle assets to work. chevron-rightHow can I redeem my lended assets on Backpack exchange?[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#how-can-i-redeem-my-lended-assets-on-backpack-exchange) 1. First, make sure the auto-borrow feature is **turned off.** 2. Go to the Lending page, select the corresponding token, click Lend, then **click Redeem.** 3. Enter **the amount** you wish to redeem and confirm the transaction. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FZ7nKepmsmFFKPPi0ICQ1%252Fimage.png%3Falt%3Dmedia%26token%3D9e32aa21-d6cb-44b4-ac03-73cb6ad3990e&width=768&dpr=4&quality=100&sign=8f6b103d&sv=2) chevron-rightHow do I check the [U**tilization Rate**](https://support.backpack.exchange/technical-docs/borrow-and-lend/utilization-and-interest-rates) of a lending pool?[hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#how-do-i-check-the-utilization-rate-of-a-lending-pool) 1. Click **“Lend”** to enter the Lending page. 2. Select the corresponding token. 3. Under the **“Models”** tab, click **“Interest.”** 4. You will then see the **utilization rate** for that token. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F4rUyoqUpPaGN9txckh2P%252Fimage.png%3Falt%3Dmedia%26token%3D39549514-37f7-4507-b2a5-53ce65f8c24b&width=768&dpr=4&quality=100&sign=e5d3bab8&sv=2) circle-info ### [hashtag](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#learn-more-about-lending) **👉**[**Learn more about Lending**](https://support.backpack.exchange/technical-docs/borrow-and-lend/lending) [PreviousBorrow and Lendchevron-left](https://support.backpack.exchange/exchange/trading/borrow-and-lend) [NextBorrowingchevron-right](https://support.backpack.exchange/exchange/trading/borrow-and-lend/borrowing) Last updated 2 months ago * [How can I earn interest on my assets?](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#how-can-i-earn-interest-on-my-assets) * [Earn extra SOL lending rewards](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#earn-extra-sol-lending-rewards) * [Earn extra USD lending rewards](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#earn-extra-usd-lending-rewards) * [Frequently Asked Questions](https://support.backpack.exchange/exchange/trading/borrow-and-lend/lending#frequently-asked-questions) --- # Referrals | Backpack Exchange Registered Exchange members who onboard KYC'd users with their Referral Code will **earn 10%** of the trading fees generated by that new user. * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/referrals#how-do-i-refer-someone-to-backpack-exchange) How do I refer someone to Backpack Exchange? To invite a new user: **1\. Locate Your Referral Code** * On the web: Go to [backpack.exchange/referralsarrow-up-right](https://backpack.exchange/referrals) . * On the mobile app: Navigate to your Exchange Account → Points Screen → Referrals tab. * _**Customization Tip**__:_ You must have $1,000,000 in lifetime trading volume to customize your code. Otherwise, a default code is assigned. **2\. Share Your Code** * share the code directly with a friend or community member. **3\. Track Referral Activity** * Once they sign up using your code and complete KYC, you’ll start earning referral rebates based on their trading fees. * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/referrals#how-do-i-use-a-referral-code) How do I use a referral code? **1\. Create a New Account** * On desktop: Visit [backpack.exchange/signuparrow-up-right](https://backpack.exchange/signup) . * On mobile: Download the [Backpack apparrow-up-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/start-here/downloads) , open it, and follow the prompts to create an account. **2\. Enter the Referral Code** * During signup, look for the “Add referral” field. * Input the code you received from your referrer. **3\. Complete KYC** * After verifying your identity, you’re all set. Your referrer will begin receiving rebates, and you’ll gain access to all of Backpack Exchange’s features. * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/referrals#important-notes) ⚠️Important Notes * **Referral Rebate Claims:** Available for up to 24 months after they become eligible. * **Processing Time:** If your rebate claim hasn’t processed within one day of claiming, reach out to [\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) * **VIP4/5 Rebates (Reinstated)**: Referrals at the VIP4/5 tier do pay rebates so long as the referred user’s API-executed trading is under 25% of their total trading volume for the rebate period. * **Weekly Updates:** Referral rebates are populated weekly, and trading volume from referrals is not instantly claimable. * **No Retroactive Adds:** We cannot add referrals for users who have already completed KYC without using your code. * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/referrals#important-update-effective-september-29-2025) Important Update (Effective September 29, 2025) We’ve reinstated rebates for VIP4/5 referrals with an API-trading threshold. * Eligibility is assessed weekly. * If API-executed trades are ≥25% of a user’s total weekly volume, no rebate is paid for that week. * Manual/UI trading continues to qualify as usual. If you have any questions regarding this update, please reach out to [\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) [PreviousRank Referral Program (Points)chevron-left](https://support.backpack.exchange/exchange/programs/points/rank-referral-program-points) [NextKorean Market Compliance Commitmentchevron-right](https://support.backpack.exchange/exchange/programs/referrals/korean-market-compliance-commitment) Last updated 4 days ago * [How do I refer someone to Backpack Exchange?](https://support.backpack.exchange/exchange/programs/referrals#how-do-i-refer-someone-to-backpack-exchange) * [How do I use a referral code?](https://support.backpack.exchange/exchange/programs/referrals#how-do-i-use-a-referral-code) * [⚠️Important Notes](https://support.backpack.exchange/exchange/programs/referrals#important-notes) * [Important Update (Effective September 29, 2025)](https://support.backpack.exchange/exchange/programs/referrals#important-update-effective-september-29-2025) --- # Backpack VIP Program | Backpack Exchange If you already hold VIP status — or trade significant volume — on **any other exchange**, you can unlock Backpack’s premium perks from day one. * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/backpack-vip-program#why-move-to-backpack) Why Move to Backpack? * **Ultra-low trading fees** _As low as_ _**0 % maker / 0.025 % taker**_ _on Spot and_ _**0 % maker / 0.018 % taker**_ _on Futures._ * **0-fee global fiat on / off-ramp** Seamless **USD ⇄ USDC 1 : 1** conversions. * **Attractive yield** on USDC and SOL _while they still count as margin collateral._ * **Dedicated VIP account manager** available 24 / 7. * Invitations to **private events & exclusive networking**. * **VIP merchandise** drops and early product previews. * **Fast-track onboarding** – we mirror your current VIP tier the moment you’re approved. * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/backpack-vip-program#who-we-invite) Who We Invite We extend invitations to traders who can show: * **Established VIP status** on another regulated exchange **or** * **Substantial recent trading volume** (proof required). _Not sure you meet the mark? Apply anyway – every submission is reviewed individually._ * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/backpack-vip-program#apply-in-two-minutes) Apply in Two Minutes > **Step 1 →** [**VIP Application Form**arrow-up-right](https://forms.gle/JH224irteXhgxdFd7) > _You’ll be asked for:_ > > * Preferred **contact email** > > * **Telegram handle** > > * **Proof of 30-day trading performance or VIP tier** (screenshot / PDF – P2P volume excluded) > > > **Step 2 →** Our team reviews and responds. > > **Step 3 →** Once invited, your Backpack VIP perks activate immediately. * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/backpack-vip-program#need-help) Need Help? Email **[\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) ** – we’re online 24 / 7. [PreviousBackpack Captain Programchevron-left](https://support.backpack.exchange/exchange/programs/backpack-captain-program) [NextMarket Maker Programchevron-right](https://support.backpack.exchange/exchange/programs/market-maker-program) Last updated 4 months ago * [Why Move to Backpack?](https://support.backpack.exchange/exchange/programs/backpack-vip-program#why-move-to-backpack) * [Who We Invite](https://support.backpack.exchange/exchange/programs/backpack-vip-program#who-we-invite) * [Apply in Two Minutes](https://support.backpack.exchange/exchange/programs/backpack-vip-program#apply-in-two-minutes) * [Need Help?](https://support.backpack.exchange/exchange/programs/backpack-vip-program#need-help) --- # Using Grid Bots on Mobile | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-mobile#how-to-set-up-a-grid-bot) How to Set Up a Grid Bot？ #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-mobile#step-1-create-a-grid-bot) Step 1: Create a Grid Bot 1. Log in to your exchange account. 2. Click on your **account avatar**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FGhEyNSkUH0spwsHaE6cs%252Fimage.png%3Falt%3Dmedia%26token%3De5ee8677-0cfa-49c2-b9cc-94345e1f7eae&width=768&dpr=4&quality=100&sign=d9d323a2&sv=2) 1. Click the **"+" icon** next to Trading Bots. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FluSW6v6ywqjiLCETmetG%252Fa72425a9-0356-453c-b923-1b8b7bdc474a.png%3Falt%3Dmedia%26token%3D391003b4-863f-444b-b657-7d083f2f37d6&width=768&dpr=4&quality=100&sign=37df750c&sv=2) 1. Enter a name for your bot (e.g., "SOL Grid Strategy"). 2. Click **Add subaccount**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F7PjYACedVD2OczGRJcjd%252Fimage.png%3Falt%3Dmedia%26token%3Dd4691622-ff60-4eb5-834a-bd6e6c5fa5ba&width=768&dpr=4&quality=100&sign=360f3a2&sv=2) * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-mobile#step-2-fund-your-bot) Step 2: Fund Your Bot Transfer funds to your bot subaccount using one of these methods: * [Transfer funds from your main account](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit#deposit-via-subaccounts) * [Deposit from an external wallet into the subaccount.](https://support.backpack.exchange/exchange/deposit-and-withdraw/crypto/deposit/how-to-deposit) * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-mobile#step-3-activate-the-bot) Step 3: Activate the Bot 1. Enter your **bot sub\_account.** 2. Go to the trading interface and select **Futures Trading**. 3. Click the **bot icon** next to the trading pair, then toggle the bot **ON**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FZhHBBMwpw8wVcUXJsiGO%252F259c7d1040c150a3a0032ca284c34082.jpg%3Falt%3Dmedia%26token%3D800decf2-c437-460c-a78b-3efbdd0e2c86&width=768&dpr=4&quality=100&sign=53aa435e&sv=2) * * * 1. Set your **take-profit and stop-loss** levels. > ⚠️ **Important:** Take-profit and stop-loss apply to the **entire bot subaccount**, not to individual grids. **Stop-Loss** Defines a drawdown threshold that will stop the bot when reached. **How it works:** * The bot tracks the starting equity of your subaccount from the moment the strategy is activated. * If equity falls X% below the starting equity, the bot stops automatically. **Example:** Starting equity is $1,500. With a 20% stop-loss setting, the bot stops if equity drops to $1,200. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FoJVegcRhVIAyrqSXnUGM%252Fimage.png%3Falt%3Dmedia%26token%3D777ce407-e53d-4914-8408-2e50aff6581e&width=768&dpr=4&quality=100&sign=cf64f11e&sv=2) **Take-Profit** Defines an equity threshold that will pause the bot when reached. **How it works:** * The bot tracks the starting equity of your subaccount from the moment the strategy is activated. * If equity rises X% above the starting equity, the bot pauses automatically. **Example:** Starting equity was $1,000. With a 20% take-profit setting, the bot pauses when equity reaches $1,200. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FuKkmArrjcb8qgb8sA4Xp%252Fimage.png%3Falt%3Dmedia%26token%3D1a4dcdd2-9baf-4b66-b4a8-128734d8afed&width=768&dpr=4&quality=100&sign=dad66f7c&sv=2) * * * **Auto-Close Positions** If you want the position to close automatically when a take-profit or stop-loss level is reached, enable **“Close Position on TP/SL.”** ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FiRDQ83vM3tJ3ZJLCTiAa%252Fimage.png%3Falt%3Dmedia%26token%3Ddb0010d4-e305-4815-acb8-6e1f95bf89a9&width=768&dpr=4&quality=100&sign=f9d3e6cc&sv=2) * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-mobile#step-4-configure-parameters) Step 4: Configure Parameters 1. Select your target trading pair (e.g., SOL-PERP) and adjust the **leverage** as needed. 2. Set the **Price Lower Limit** — The lowest price in your grid range. 3. Set the **Price Upper Limit** — The highest price in your grid range. 4. Enter the **Number of Grids** — How many price levels to create within the range. 5. Enter the **Total Grid Value** — The capital allocated to this grid. 6. Click **Create Grid** — The bot will begin running automatically. > **Note:** More grids = more frequent trades with smaller price differences between levels. Fewer grids = less frequent trades with larger price differences between levels. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FhI7LyDI9tQqYPPfIGJqE%252Fimage.png%3Falt%3Dmedia%26token%3D54124d5f-6b7c-4fd5-bd56-7f7b6a81fa51&width=768&dpr=4&quality=100&sign=135ddded&sv=2) * * * ### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-mobile#bot-management) Bot Management #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-mobile#understanding-bot-on-off-states) Understanding Bot ON/OFF States The ON/OFF toggle controls whether the bot is actively managing trades for the entire subaccount. State What Happens ON(Active) The bot actively executes trades according to your grid configurations. **Important:** You cannot manually trade in this subaccount while the bot is ON. OFF(Inactive) The bot stops executing new orders. Existing pending orders remain but can be cancelled manually. You can trade manually in the subaccount. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F0bMkezklyoFjfeAaUbFa%252F259c7d1040c150a3a0032ca284c34082.jpg%3Falt%3Dmedia%26token%3Dcb759f1b-5432-4939-a45e-6ceb0c556ed5&width=768&dpr=4&quality=100&sign=5c9c492d&sv=2) > ⚠️ **Key Point:** If the bot is ON but you have no active grids, no trading will occur. The bot needs at least one grid to execute trades. > ⚠️ **Manual Trading Restriction:** You cannot manually place orders in a bot subaccount while the bot is ON. Turn the bot OFF first if you need to intervene manually. * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-mobile#adjusting-grid-settings) Adjusting Grid Settings To modify an active grid: 1. Go to the **Grids** tab. 2. Select **Edit**. 3. Adjust parameters such as: * Expanding or narrowing the price range * Pausing or restarting the grid ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FZYYoTzazISfvxh1sCnvM%252Fimage.png%3Falt%3Dmedia%26token%3D61dfbf7a-3321-44de-a91a-7a669fb364b1&width=768&dpr=4&quality=100&sign=df7eb937&sv=2) * * * #### [hashtag](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-mobile#deleting-a-grid) Deleting a Grid 1. Go to the **Grids** tab. 2. Select **Delete**. 3. Choose whether to close all remaining positions automatically. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FTDELGw4RSzMUmjoEAABc%252Fimage.png%3Falt%3Dmedia%26token%3D271a2db2-70a6-4382-995d-c3c0f388bf93&width=768&dpr=4&quality=100&sign=82badc74&sv=2) [PreviousUsing Grid Bots on Webchevron-left](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-web) [NextFAQschevron-right](https://support.backpack.exchange/exchange/trading/trading-bots/faqs) Last updated 6 days ago * [How to Set Up a Grid Bot？](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-mobile#how-to-set-up-a-grid-bot) * [Bot Management](https://support.backpack.exchange/exchange/trading/trading-bots/using-grid-bots-on-mobile#bot-management) --- # Korean Market Compliance Commitment | Backpack Exchange Backpack remains dedicated to fostering a sustainable and legally compliant digital asset ecosystem. As an exchange that holds licenses in major developed countries, we have always prioritized compliance as the core of our operations. In light of the current regulatory environment, we would like to reiterate our existing policies regarding services and promotional activities in South Korea. #### [hashtag](https://support.backpack.exchange/exchange/programs/referrals/korean-market-compliance-commitment#our-unwavering-adherence-to-local-regulations) Our Unwavering Adherence to Local Regulations Backpack has consistently monitored and complied with the regulatory guidelines issued by financial authorities in every region we operate. We have long been aware of the advisories concerning virtual asset services targeting domestic users in Korea. Accordingly, it has always been Backpack’s firm policy to market and provide services only in jurisdictions where we are fully aligned with local legal requirements. #### [hashtag](https://support.backpack.exchange/exchange/programs/referrals/korean-market-compliance-commitment#reiteration-of-affiliate-and-referral-guidelines) Reiteration of Affiliate & Referral Guidelines We would like to remind our affiliates and partners of our long-standing rules regarding the referral program, which remain strictly in effect: * **Prohibition of Targeted Marketing** As previously established, all affiliates are strictly prohibited from marketing or promoting Backpack services specifically to the Korean market or Korean residents. * **Continuous Monitoring** We maintain active monitoring of all promotional channels (Social Media, Telegram, etc.). Any activity targeting Korean users—including the use of Korean-language promotional materials—remains a violation of our terms. * **Enforcement of Policy** We continue to enforce strict penalties for violations, which include the immediate suspension of affiliate accounts, forfeiture of commissions, and termination of partnerships. #### [hashtag](https://support.backpack.exchange/exchange/programs/referrals/korean-market-compliance-commitment#our-perspective-on-compliance) Our Perspective on Compliance We value our community, but our top priority has always been the protection of our users through strict legal compliance. Our record of seeking professional legal counsel and operating within the boundaries of the law reflects our commitment to being a transparent and responsible platform. #### [hashtag](https://support.backpack.exchange/exchange/programs/referrals/korean-market-compliance-commitment#reporting-violations) Reporting Violations To help us maintain these standards, please continue to report any unauthorized marketing activities targeting Korean users to our support team at **[\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) **. Backpack will continue to uphold its rigorous standards and work proactively to ensure a secure and compliant trading environment for everyone. [PreviousReferralschevron-left](https://support.backpack.exchange/exchange/programs/referrals) [NextAffiliate Programchevron-right](https://support.backpack.exchange/exchange/programs/affiliate-program) Last updated 4 days ago --- # Wallet | Backpack Exchange [What is Backpack Wallet?chevron-right](https://support.backpack.exchange/wallet/what-is-backpack-wallet) [Get Startedchevron-right](https://support.backpack.exchange/wallet/get-started) [Actionschevron-right](https://support.backpack.exchange/wallet/actions) [Troubleshootchevron-right](https://support.backpack.exchange/wallet/troubleshoot) [Technical Docschevron-right](https://support.backpack.exchange/wallet/technical-docs) [PreviousFAQschevron-left](https://support.backpack.exchange/exchange/api-and-developer-docs/faqs) [NextWhat is Backpack Wallet?chevron-right](https://support.backpack.exchange/wallet/what-is-backpack-wallet) --- # Backpack Captain Program | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/programs/backpack-captain-program#who-can-join) 🎯 Who Can Join Whether you’re a… * Key Opinion Leaders (KOLs) * Channel Partners * Trading Community Organizers * YouTubers & Content Creators * Pro Traders * Live Streamers * Or just a loyal Backpack supporter from day one Backpack now officially invites you to join as one of our certified Captains! * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/backpack-captain-program#captain-level-system) 🧱 Captain Level System **5-Tier Growth System with High Commissions from Day One** Level Monthly Trading Volume Monthly Fees Active Users Invites (30 days) Rebate Monthly Bonus (Reference) **Lv.1** ≥ $5M $1,000 10 ≥ 3 30% $100 **Lv.2** ≥ $10M $2,000 15 ≥ 5 35% $200 **Lv.3** ≥ $20M $4,000 20 ≥ 8 40% $400 **Lv.4** ≥ $60M $12,000 30 ≥ 12 45% \- **Lv.5** ≥ $100M $20,000 50 ≥ 20 50% \- circle-info ⚠️**Important Notes:** * All rebates are based on **actual fees** paid by your invited users * Rewards are settled **weekly** * Monthly bonus is for reference only — **no earnings guaranteed.** * **Self-referring is strictly prohibited** and will not be tolerated. * Each level comes with a **minimum volume expectation**. * **Account performance is reviewed monthly** and may be considered for promotion. * If the required volume criteria are **not met for 3 consecutive months**, the level **may be reset**. * **Referred users can only be reassigned if they are inactive**. * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/backpack-captain-program#long-term-incentives-stackable-and-automatic-for-all-captains) 🧭 Long-Term Incentives — Stackable & Automatic for All Captains Beyond rebates, every Captain can also unlock four long-term incentive plans — no sign-up needed. Just hit the targets, and claim anytime. #### [hashtag](https://support.backpack.exchange/exchange/programs/backpack-captain-program#id-1.-new-captain-invitation-rewards) 🤝 1. New Captain Invitation Rewards Top-level Captains can recruit new leaders and earn extra perks: * 👤 **Criteria**: Successfully refer a new **Lv.4 or higher** Captain * 💸 **Reward**: 200 USDT + 5% commission share from new Captain’s earnings (first 3 months) * * * #### [hashtag](https://support.backpack.exchange/exchange/programs/backpack-captain-program#id-2.-growth-boost-for-small-channels-lv.3-and-below-only) 🌱 2. Growth Boost for Small Channels (Lv.3 and Below Only) Helping new Captains level up from scratch: * ⬆️ **Level-Up Reward**: Get 200 USDT cash every time you level up * 🎒 **Merchandise Distribution Rights**: Apply for exclusive merchandise gift packages after upgrade (for community/promotion use) circle-info Note: Only available to Captains currently at Lv.3 and below * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/backpack-captain-program#why-become-a-captain) 🗣️ Why Become a Captain? You’re not just earning. You’re stepping into a bigger role: As a Captain, you can be: * A **messenger** or **strategic** partner * A **content creator** or **airdrop navigator** * Start small from zero or climb to **legendary status** on our leaderboards. * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/backpack-captain-program#how-to-become-a-backpack-captain) 🎖️ How to Become a Backpack Captain **Transform Your Influence into Long-Term Value** **To become a Backpack Captain:** * [Log in to your exchange account arrow-up-right](https://backpack.exchange/) and click **“More”**. * Click **“Affiliate Program”**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F8R0FXnKeeP00mFxMhDix%252Fimage.png%3Falt%3Dmedia%26token%3D4b3dbb2c-605f-41a9-99d4-02921c69396c&width=768&dpr=4&quality=100&sign=9114a44&sv=2) * Enter your **social media account** name in the corresponding input field. * Select your **contact platform** in the corresponding field and provide your contact information. * Click **Submit**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FBc3XiYzlOPpyOJnLvNdY%252Fimage.png%3Falt%3Dmedia%26token%3D46a4df82-ca56-4100-957f-1dd0310085bd&width=768&dpr=4&quality=100&sign=9ca2909d&sv=2) **🎉 All done! we will get back to you within 48 hours.** > **⚠️ Important Notice:** > > * Rewards are **subject to review and approval by the Backpack team** and are **not distributed automatically**. > > * For any questions, email: [**\[email protected\]**envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#5d2b342d1d3f3c3e362d3c3e367338253e353c333a38) > **For questions about rewards and program details, contact your local manager once accepted.** [PreviousAPI Broker Programchevron-left](https://support.backpack.exchange/exchange/programs/api-broker-program) [NextBackpack VIP Programchevron-right](https://support.backpack.exchange/exchange/programs/backpack-vip-program) Last updated 6 days ago * [🎯 Who Can Join](https://support.backpack.exchange/exchange/programs/backpack-captain-program#who-can-join) * [🧱 Captain Level System](https://support.backpack.exchange/exchange/programs/backpack-captain-program#captain-level-system) * [🧭 Long-Term Incentives — Stackable & Automatic for All Captains](https://support.backpack.exchange/exchange/programs/backpack-captain-program#long-term-incentives-stackable-and-automatic-for-all-captains) * [🗣️ Why Become a Captain?](https://support.backpack.exchange/exchange/programs/backpack-captain-program#why-become-a-captain) * [🎖️ How to Become a Backpack Captain](https://support.backpack.exchange/exchange/programs/backpack-captain-program#how-to-become-a-backpack-captain) --- # What is Backpack Wallet? | Backpack Exchange Backpack is a **security conscious self-custodial crypto wallet** for Solana, Ethereum, Optimism, Arbitrum, Polygon, Base, Sonic and many more blockchains. It enables you to have complete control over their crypto assets. [hashtag](https://support.backpack.exchange/wallet/what-is-backpack-wallet#backpack-wallet-is-used-for-all-your-crypto-needs) **Backpack Wallet is used for all your crypto needs.** ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- * sending and receiving crypto assets * swapping crypto tokens * staking crypto tokens * viewing, securing and trading NFTs * connection with cold storage hardware wallets Ledger, Trezor and Keystone * multi-sig wallet protection * connecting to developer testnets [**Download the Backpack wallet for browser, iOS and Android here.**arrow-up-right](https://backpack.app/) * * * [hashtag](https://support.backpack.exchange/wallet/what-is-backpack-wallet#backpack-is-a-secure-place-to-store-nfts) Backpack is a secure place to store NFTs. ------------------------------------------------------------------------------------------------------------------------------------------------------------------- NFT **collection locking** is an easy to use feature that **automatically rejects transaction requests** when an NFT is locked in the Backpack Wallet. Note: Collection locking is currently limited to select projects. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66e0be450f09a6f6779a3aad_66e0be2da1e582580bd26ad5_what_is_backpack_wallet.png&width=768&dpr=4&quality=100&sign=c88c1a30&sv=2) [PreviousWalletchevron-left](https://support.backpack.exchange/wallet) [NextGet Startedchevron-right](https://support.backpack.exchange/wallet/get-started) Last updated 2 days ago * [Backpack Wallet is used for all your crypto needs.](https://support.backpack.exchange/wallet/what-is-backpack-wallet#backpack-wallet-is-used-for-all-your-crypto-needs) * [Backpack is a secure place to store NFTs.](https://support.backpack.exchange/wallet/what-is-backpack-wallet#backpack-is-a-secure-place-to-store-nfts) --- # Affiliate Program | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/programs/affiliate-program#how-it-works) How It Works Affiliates who meet the qualifications below can earn an increased cash rebate on top of the standard 10 % rebate, resulting in higher direct commissions. This program is designed for partners who bring significant and consistent trading activity to Backpack Exchange. * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/affiliate-program#eligibility-requirements) Eligibility Requirements **Backpack‑Specific** * $20 million in **monthly referral volume** on Backpack * 15 **active referred users** per month on Backpack * 5 **new user acquisitions** per month on Backpack **OR** **External** * **More than 5,000** Twitter (X) followers * **OR** an equivalent volume of referrals on other exchanges _**Note:**_ _These are_ _**minimum requirements**_ _and are s__**ubject to our team’s due diligence**__. Meeting these thresholds does_ _**not**_ _guarantee acceptance into the program._ * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/affiliate-program#sign-up) Sign Up If you meet these requirements and would like to join, please complete your application by following the steps below: * [Log in to your exchange account arrow-up-right](https://backpack.exchange/) and click **“More”**. * Click **“Affiliate Program”**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FWj7pqPdvdlu7vQdKnMyN%252Fimage.png%3Falt%3Dmedia%26token%3D30a57a12-e499-4ce5-a415-48bd33c11f69&width=768&dpr=4&quality=100&sign=f9c1076f&sv=2) * Enter your **social media account** name in the corresponding input field. * Select your **contact platform** in the corresponding field and provide your contact information. * Click **Submit**. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FBc3XiYzlOPpyOJnLvNdY%252Fimage.png%3Falt%3Dmedia%26token%3D46a4df82-ca56-4100-957f-1dd0310085bd&width=768&dpr=4&quality=100&sign=9ca2909d&sv=2) **🎉 All done! You will be notified upon approval.** **For any questions or assistance with your application, please reach out to our team at** [**\[email protected\]**envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#61170811210300020a1100020a4f04190209000f0604) [PreviousKorean Market Compliance Commitmentchevron-left](https://support.backpack.exchange/exchange/programs/referrals/korean-market-compliance-commitment) [NextFlexible Commission Sharingchevron-right](https://support.backpack.exchange/exchange/programs/affiliate-program/flexible-commission-sharing) Last updated 2 months ago * [How It Works](https://support.backpack.exchange/exchange/programs/affiliate-program#how-it-works) * [Eligibility Requirements](https://support.backpack.exchange/exchange/programs/affiliate-program#eligibility-requirements) * [Sign Up](https://support.backpack.exchange/exchange/programs/affiliate-program#sign-up) --- # Get Started | Backpack Exchange ### [hashtag](https://support.backpack.exchange/wallet/get-started#where-to-download-backpack-wallet) Where to download Backpack Wallet [Download the Backpack wallet for browser, iOS and Android here.arrow-up-right](https://backpack.app/) ### [hashtag](https://support.backpack.exchange/wallet/get-started#how-to-make-a-new-account-on-backpack-wallet) How to make a new account on Backpack Wallet This process applies to both mobile and browser extension. 1. Download the Backpack app or extension 2. Open the application or extension 3. Select '_**Create a new wallet**_' 4. Choose the appropriate blockchain network 5. Note: you can add additional networks to the same account after creating the account 6. Review the Secret Recovery Phrase Warning and confirm 7. Record the Secret Recovery Phrase in a secure location 8. Note: This is the only way to recover your account ### [hashtag](https://support.backpack.exchange/wallet/get-started#how-to-import-an-existing-wallet-to-backpack-wallet) How to import an existing wallet to Backpack Wallet 1. Open the Backpack Wallet main menu and select '_**\+ Add Account**_' 2. Select 'Import Wallet' 3. Choose the appropriate blockchain network 4. Pick the appropriate import route * Import secret recovery phrase * Use a hardware wallet * Import private key * Add view-only public key 5. Follow the specific instructions for each import route [PreviousWhat is Backpack Wallet?chevron-left](https://support.backpack.exchange/wallet/what-is-backpack-wallet) [NextSupported Browsers and Platformschevron-right](https://support.backpack.exchange/wallet/get-started/supported-browsers-and-platforms) Last updated 2 days ago * [Where to download Backpack Wallet](https://support.backpack.exchange/wallet/get-started#where-to-download-backpack-wallet) * [How to make a new account on Backpack Wallet](https://support.backpack.exchange/wallet/get-started#how-to-make-a-new-account-on-backpack-wallet) * [How to import an existing wallet to Backpack Wallet](https://support.backpack.exchange/wallet/get-started#how-to-import-an-existing-wallet-to-backpack-wallet) --- # API Clients | Backpack Exchange Some of the SDKs listed below are community-built and are not officially maintained or endorsed by the Backpack team. While they may be useful, please use them at your own discretion and ensure you review the code before integrating it into any production systems. For official support and updates, refer to our [API documentationarrow-up-right](https://docs.backpack.exchange/) or reach out via the [Backpack Discord API channelarrow-up-right](https://discord.gg/backpack) . * **Python:** [https://github.com/sndmndss/bpx-pyarrow-up-right](https://github.com/sndmndss/bpx-py) * **Javascript:** [https://github.com/nick/bpx-clientarrow-up-right](https://github.com/nick/bpx-client) [‍arrow-up-right](https://github.com/syp25815/bpx-api-py) * **TypeScript:** [https://github.com/0xprobe/bpx-api-clientarrow-up-right](https://github.com/0xprobe/bpx-api-client) * **Go:** [https://github.com/syp25815/bpx-api-goarrow-up-right](https://github.com/syp25815/bpx-api-go) * **Rust:** [https://github.com/backpack-exchange/bpx-api-clientarrow-up-right](https://github.com/backpack-exchange/bpx-api-client) [PreviousGenerate API keys for Backpack Exchangechevron-left](https://support.backpack.exchange/exchange/api-and-developer-docs/generate-api-keys-for-backpack-exchange) [NextBackpack Exchange Python API guidechevron-right](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide) Last updated 4 months ago --- # Mad Lads VIP | Backpack Exchange ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66999c22d74fb908f225e1df_7733bc12-5c3a-4c0b-b131-5341a7365f50.png&width=768&dpr=4&quality=100&sign=3688946b&sv=2) ‍Connect a [**Backpack Wallet**arrow-up-right](https://backpack.app/) which holds a Mad Lads NFT to the [**Backpack Exchange**arrow-up-right](https://backpack.exchange/) and qualify for discounted [VIP Tier 1 trading fees](https://support.backpack.exchange/exchange/trading/trading-fees) on both Spot markets and Perpetual Futures products. * Fee tiers are updated every hour. * If your Mad Lads NFT leaves your Wallet, your fee tier will be adjusted accordingly. A Mad Lads NFT must be held in a Wallet which is linked to the Exchange. See the **Quests Menu** for instructions on how to link your Wallet. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FrX8VuywR0QEYvSDNVroS%252Fimage.png%3Falt%3Dmedia%26token%3Da5d874f1-4450-421d-9fa7-0f20caefa341&width=768&dpr=4&quality=100&sign=7d9c016f&sv=2) * * * [hashtag](https://support.backpack.exchange/exchange/programs/mad-lads-vip#backpack-exchange-trading-fees) Backpack Exchange Trading Fees ---------------------------------------------------------------------------------------------------------------------------------------------- The Mad Lads VIP Program rewards users with lower Maker and Taker fees when trading on the [**Backpack Exchange**arrow-up-right](https://backpack.exchange/) . [See more details about Backpack Exchange trading fees here.](https://support.backpack.exchange/exchange/trading/trading-fees) ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FDG8xldTUDgKc0LAW17kY%252FBackpack%2520Exchange%2520Fee%2520Structure.png%3Falt%3Dmedia%26token%3Dfdfa4d7c-1a61-453f-82fa-54f3ab0abed8&width=768&dpr=4&quality=100&sign=a6e00562&sv=2) [PreviousMarket Maker Programchevron-left](https://support.backpack.exchange/exchange/programs/market-maker-program) [NextBug Bounty Programchevron-right](https://support.backpack.exchange/exchange/programs/bug-bounty-program) Last updated 2 days ago --- # API Broker Program | Backpack Exchange [hashtag](https://support.backpack.exchange/exchange/programs/api-broker-program#api-broker-program) API Broker Program ---------------------------------------------------------------------------------------------------------------------------- API Brokers on Backpack are eligible to earn broker rebates by offering their users access to Backpack's trading infrastructure and unique features across spot and futures markets. ### [hashtag](https://support.backpack.exchange/exchange/programs/api-broker-program#who-can-join) Who Can Join Qualified trading platforms and order execution service providers including, but not limited to: * Exchange Aggregators * Trading Terminals * Trading Bots * Algorithmic Trading Platforms * Social Trading Platforms * Asset Managers circle-info To be eligible for this program please, reach out to us at **[\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) ** ### [hashtag](https://support.backpack.exchange/exchange/programs/api-broker-program#how-to-integrate) How to Integrate 1. Open up a business account at Backpack Exchange. 2. Check **API Docs** and set up connections to the endpoints relevant to your service. 3. Send your unique broker code as the API request header. ### [hashtag](https://support.backpack.exchange/exchange/programs/api-broker-program#api-broker-vs.-affiliate) API Broker vs. Affiliate API brokers receive rebates on the trading fees generated by orders submitted via API by them. Affiliates receive rebates on the trading fees generated by new users onboarded with their referral code. Please note that the API Broker Program and the Backpack [Affiliate Program](https://support.backpack.exchange/exchange/programs/affiliate-program) are mutually exclusive. Enrollment in one program will preclude enrollment in the other. ### [hashtag](https://support.backpack.exchange/exchange/programs/api-broker-program#api-broker-rebates) API Broker Rebates #### [hashtag](https://support.backpack.exchange/exchange/programs/api-broker-program#backpack-api-broker-rebates) Backpack API Broker Rebates Tier Volume Rebate BKR 0 $0 20% BKR 1 $5,000,000 30% BKR 2 $10,000,000 35% BKR 3 $20,000,000 40% BKR 4 $60,000,000 45% BKR 5 $100,000,000 50% BKR tiers take into account both spot and futures trading volume from orders submitted via API. #### [hashtag](https://support.backpack.exchange/exchange/programs/api-broker-program#tier-calculation-and-payout) Tier calculation and payout On the first day of every month, broker tiers are updated and payouts calculated. The formula is: **Payout = API Volume × Fee Rate % × min {Broker Rebate %, max{0, 50% - Affiliate Rebate %}}** Where: * Fee Rate is determined by each user's [**trading fees**](https://support.backpack.exchange/exchange/trading/trading-fees) and applicable discounts. * Broker Rebate is determined by the API broker's BKR tier. * Affiliate Rebate is determined by the referral code (if any) used by each user to sign up. * API Volume is the spot and futures trading volume from orders submitted via API with the unique broker code of each API Broker as the API request header. Rebates will be settled in USD and credited to the broker's Backpack account every month. ### [hashtag](https://support.backpack.exchange/exchange/programs/api-broker-program#get-in-touch) Get in touch We are always ready to discuss your business needs and provide 24/7 integration support. Reach out to: [**\[email protected\]**envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#44322d34042625272f3425272f6a213c272c252a2321) [PreviousFlexible Commission Sharingchevron-left](https://support.backpack.exchange/exchange/programs/affiliate-program/flexible-commission-sharing) [NextBackpack Captain Programchevron-right](https://support.backpack.exchange/exchange/programs/backpack-captain-program) Last updated 2 months ago * [API Broker Program](https://support.backpack.exchange/exchange/programs/api-broker-program#api-broker-program) * [Who Can Join](https://support.backpack.exchange/exchange/programs/api-broker-program#who-can-join) * [How to Integrate](https://support.backpack.exchange/exchange/programs/api-broker-program#how-to-integrate) * [API Broker vs. Affiliate](https://support.backpack.exchange/exchange/programs/api-broker-program#api-broker-vs.-affiliate) * [API Broker Rebates](https://support.backpack.exchange/exchange/programs/api-broker-program#api-broker-rebates) * [Get in touch](https://support.backpack.exchange/exchange/programs/api-broker-program#get-in-touch) --- # Python WebSocket Guide for Backpack Exchange API | Backpack Exchange This guide demonstrates how to use the Backpack Exchange WebSocket API with Python. WebSockets provide real-time data streams for market data and account updates. ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#prerequisites) Prerequisites Get your API keys if you are going to use private streams: [https://backpack.exchange/portfolio/settings/api-keysarrow-up-right](https://backpack.exchange/portfolio/settings/api-keys) Install the required Python libraries: * websockets - for WebSocket connections * cryptography - for X-Signature (private streams only) Copy pip install websockets cryptography Install dotenv-python to securely manage your keys using environment variables if you are going to use private streams Copy pip install python-dotenv Create a .env file and store your keys like this: Copy PUBLIC_KEY=zDIJj9qneWIY0IYZ5aXoHcNMCm+XDhVcTssiT0HyY0A= SECRET_KEY=4odxgSUxFrC/zsKWZF4OQwYAgnNu9hnWH3NxWfLAPz4= Create a .gitignore file and add .env to exclude it from version control. Copy .env Import the necessary libraries: Copy import json import asyncio import websockets import base64 from time import time import os from cryptography.hazmat.primitives.asymmetric import ed25519 from dotenv import load_dotenv, find_dotenv ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#websocket-api-basics) WebSocket API Basics The Backpack Exchange WebSocket API is available at `wss://ws.backpack.exchange`. WebSocket streams are named using the format: `.` For example: * `depth.SOL_USDC` - Order book for SOL/USDC * `trade.SOL_USDC` - Trades for SOL/USDC ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#why-use-async-with-websockets) Why Use Async with WebSockets WebSockets are designed for long-lived connections that receive data in real-time. Using asynchronous programming with WebSockets offers several advantages: 1. **Non-blocking I/O**: Async allows your application to handle multiple connections without blocking the main thread. 2. **Resource Efficiency**: Async uses fewer resources than creating multiple threads for concurrent connections. 3. **Better Performance**: Async can handle many connections with less overhead than synchronous approaches. 4. **Real-time Processing**: Async is ideal for real-time data streams where you need to continuously receive and process data. Synchronous approaches have several drawbacks: 1. **Complex Threading**: Requires manual thread management 2. **Resource Intensive**: Each connection needs its own thread 3. **Difficult Error Handling**: Error propagation across threads is complex 4. **Scaling Issues**: Does not scale well with many connections The async approach (as shown in our examples) is much cleaner, more efficient, and easier to maintain. ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#public-streams) Public Streams Public streams don't require authentication. You can subscribe to them directly. #### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#example-subscribing-to-a-public-stream) Example: Subscribing to a Public Stream #### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#example-subscribing-to-multiple-public-streams) Example: Subscribing to Multiple Public Streams ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#private-streams) Private Streams Private streams require authentication with your API keys. These streams are prefixed with `account.` and provide updates about your account. #### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#authentication-for-private-streams) Authentication for Private Streams To authenticate for private streams, you need to: 1. Create a signature string of the form: `instruction=subscribe×tamp=1614550000000&window=5000` 2. Sign it with your private key 3. Include the signature data in your subscription message as an array: `"signature": ["", "", "", ""]` Private streams are prefixed with `account.` and require signature data to be submitted in the subscribe parameters. The verifying key and signature should be base64 encoded. #### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#example-subscribing-to-a-private-stream) Example: Subscribing to a Private Stream ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#websocket-ping-pong) WebSocket Ping/Pong WebSocket connections require a ping-pong mechanism to keep the connection alive. The good news is that the Python `websockets` library handles this automatically ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#sources) Sources For more information visit the official documentation: [https://docs.backpack.exchange/#tag/Streamsarrow-up-right](https://docs.backpack.exchange/#tag/Streams) [PreviousBackpack Exchange Python API guidechevron-left](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide) [NextFAQschevron-right](https://support.backpack.exchange/exchange/api-and-developer-docs/faqs) Last updated 4 months ago * [Prerequisites](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#prerequisites) * [WebSocket API Basics](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#websocket-api-basics) * [Why Use Async with WebSockets](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#why-use-async-with-websockets) * [Public Streams](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#public-streams) * [Private Streams](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#private-streams) * [WebSocket Ping/Pong](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#websocket-ping-pong) * [Sources](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api#sources) Copy async def subscribe_to_public_stream(): uri = "wss://ws.backpack.exchange" async with websockets.connect(uri) as websocket: # Subscribe to the depth stream for SOL/USDC subscribe_message = { "method": "SUBSCRIBE", "params": ["depth.SOL_USDC"] } await websocket.send(json.dumps(subscribe_message)) print(f"Subscribed to depth.SOL_USDC stream") # Process incoming messages while True: response = await websocket.recv() data = json.loads(response) print(f"Received: {data}") # You can process the data here based on your needs # For example, update a local order book # To run the async function in a Jupyter notebook, use: # await subscribe_to_public_stream() # # TO run in your code # asyncio.run(subscribe_to_public_stream()) Copy async def subscribe_to_multiple_streams(): uri = "wss://ws.backpack.exchange" async with websockets.connect(uri) as websocket: # Subscribe to multiple streams subscribe_message = { "method": "SUBSCRIBE", "params": ["depth.SOL_USDC", "trade.SOL_USDC"] } await websocket.send(json.dumps(subscribe_message)) print(f"Subscribed to multiple streams") # Process incoming messages while True: response = await websocket.recv() data = json.loads(response) print(f"Received: {data}") # Process different stream data based on the stream name if "stream" in data and "data" in data: stream_name = data["stream"] stream_data = data["data"] if stream_name.startswith("depth."): # Process order book data print(f"Order book update: {stream_data}") elif stream_name.startswith("trade."): # Process trade data print(f"Trade update: {stream_data}") # Run the async function in a Jupyter notebook: # await subscribe_to_multiple_streams() # # To run in your code # asyncio.run(subscribe_to_multiple_streams()) Copy # Load API keys from .env file # load_dotenv(find_dotenv()) # public_key = os.getenv("PUBLIC_KEY") # secret_key = os.getenv("SECRET_KEY") # For demonstration purposes only - don't hardcode keys in production public_key = "5+yQgwU0ZdJ/9s+GXfuPFfo7yQQpl9CgvQedJXne30o=" secret_key = "TDSkv44jf/iD/QCKkyCdixO+p1sfLXxk+PZH7mW/ams=" # Create private key from secret key private_key = ed25519.Ed25519PrivateKey.from_private_bytes( base64.b64decode(secret_key) ) Copy async def subscribe_to_private_stream(): uri = "wss://ws.backpack.exchange" # Generate authentication parameters timestamp = int(time() * 1e3) # Unix time in milliseconds window = "5000" # Time window in milliseconds # Create signature string sign_str = f"instruction=subscribe×tamp={timestamp}&window={window}" # Sign the string signature_bytes = private_key.sign(sign_str.encode()) encoded_signature = base64.b64encode(signature_bytes).decode() async with websockets.connect(uri) as websocket: # Subscribe to the order stream with authentication subscribe_message = { "method": "SUBSCRIBE", "params": ["account.orderUpdate"], "signature": [public_key, encoded_signature, str(timestamp), window] } await websocket.send(json.dumps(subscribe_message)) print(f"Subscribed to account.order stream") # Process incoming messages while True: response = await websocket.recv() data = json.loads(response) print(f"Received: {data}") # Process order updates if "stream" in data and data["stream"] == "account.order" and "data" in data: order_data = data["data"] print(f"Order update: {order_data}") # Run the async function in a Jupyter notebook: await subscribe_to_private_stream() # # If using nest_asyncio (recommended): # asyncio.run(subscribe_to_private_stream()) --- # Supported Browsers and Platforms | Backpack Exchange Backpack Wallet is optimized for the following browsers and platforms. Using unsupported platforms may result in degraded performance, security risks or unexpected issues. Routinely update your devices for the latest security patches and fixes. [Download Backpack Wallet today.arrow-up-right](https://backpack.app/) [hashtag](https://support.backpack.exchange/wallet/get-started/supported-browsers-and-platforms#browsers) Browsers ----------------------------------------------------------------------------------------------------------------------- * Google Chrome * Brave * Arc [hashtag](https://support.backpack.exchange/wallet/get-started/supported-browsers-and-platforms#platforms) Platforms ------------------------------------------------------------------------------------------------------------------------- * Windows and MacOS * Android and iOS [PreviousGet Startedchevron-left](https://support.backpack.exchange/wallet/get-started) [NextImport/Recover Walletchevron-right](https://support.backpack.exchange/wallet/get-started/import-recover-wallet) Last updated 2 days ago * [Browsers](https://support.backpack.exchange/wallet/get-started/supported-browsers-and-platforms#browsers) * [Platforms](https://support.backpack.exchange/wallet/get-started/supported-browsers-and-platforms#platforms) --- # Market Maker Program | Backpack Exchange Market makers on Backpack are eligible for maker rebates across spot and futures markets, and participate in a monthly equity reward pool valued at ~$195,000 for providing liquidity on perpetual futures markets. ### [hashtag](https://support.backpack.exchange/exchange/programs/market-maker-program#overview) Overview Market makers on Backpack are eligible for maker rebates across spot and futures markets, and participate in a monthly equity reward pool valued at ~$195,000 for providing liquidity on perpetual futures markets. **To be eligible for this program, please reach out to us at** [**\[email protected\]**envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#a1d7c8d1e1c3c0c2cad1c0c2ca8fc4d9c2c9c0cfc6c4) * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/market-maker-program#market-maker-rebates) Market Maker Rebates ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FX6IEYTYQTIYMRdGNWPoN%252FBackpack%2520MM%2520Rebates.png%3Falt%3Dmedia%26token%3D1b495086-69e6-45fa-a581-e2aecb092edc&width=768&dpr=4&quality=100&sign=3fc4230&sv=2) Note: Values shown without a “%” symbol are expressed in basis points (bps). MM tiers can be reached **either** by Total Maker Share or Adjusted Maker Share, whichever is highest. The Adjusted Maker Share model rewards traders for providing liquidity on low liquidity markets. Each market has a multiplier (as presented below), which is used to calculate the Adjusted Volume. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FqUl3QuSBYnM7sgvR2rjz%252FBackpack%2520Spot%2520and%2520Futures%2520Volume%2520Multiplier.png%3Falt%3Dmedia%26token%3Ddc89c8e3-6223-491b-91b7-439644eb2fc0&width=768&dpr=4&quality=100&sign=8182d46f&sv=2) Adjusted maker share is calculated by dividing a user's total adjusted maker volume from that month by the total adjusted maker volume of all users across all markets in each instrument category. MMs can also unlock MM tiers through their Total Maker Share, which does not factor in market multipliers. For Total Maker Share, we take the user’s total maker volume and divide it by the total maker volume of all users across all markets in each instrument category without applying any multipliers. #### [hashtag](https://support.backpack.exchange/exchange/programs/market-maker-program#mm-tier-calculation-and-payout) MM Tier Calculation and Payout On the last day of every month, we will calculate the Total Maker Share and Adjusted Maker Share for each user and choose the **highest** between the two to determine their MM tier / fees for the month. Rebates will be credited manually to the user’s Backpack account the following month. In the meantime, users participating in the MM program will have their fee tier set to VIP2, which has 0 maker fees. * * * ### [hashtag](https://support.backpack.exchange/exchange/programs/market-maker-program#market-maker-monthly-rewards) Market Maker Monthly Rewards Backpack has allocated 5% of the company’s equity as of December 2023 to reward market makers that provide liquidity on the exchange. 2.5% has been allocated to spot and futures each, which nets to ~$195,000 in monthly rewards for each instrument (using our latest valuation of $120m as of February 2024). Spot rewards started on January 1 2024 and ended on December 31 2024. The futures program starts on February 1, 2025. #### [hashtag](https://support.backpack.exchange/exchange/programs/market-maker-program#monthly-futures-reward-distribution) Monthly Futures Reward Distribution ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FvLb7fWfGB1O0JOxWwnJH%252FBackpack%2520Futures%2520Equity%2520and%2520Rewards.png%3Falt%3Dmedia%26token%3Df7ff2144-74c7-4267-88f0-2d20a143dac9&width=768&dpr=4&quality=100&sign=93160ca8&sv=2) **Pair Categories** * **Primary Pairs**: BTC-PERP, ETH-PERP, and SOL-PERP * **Secondary Pairs**: All other futures pairs **Primary Pairs Distribution** The total primary reward pool is split equally among BTC-PERP, ETH-PERP, and SOL-PERP. Each primary pair receives 0.03472% of the total reward pool. **Secondary Pairs Distribution** The reward for secondary pairs is distributed based on the number of days each pair was active during the month (the timestamp of first trade is considered the start). The formula is: _**Individual Pair Reward % = Pair's Active Days / Sum of All Pairs' Active Days**_ **Example** Let's say we have three secondary pairs in a 30-day month: * Pair A: Active for 30 days * Pair B: Active for 30 days * Pair C: Active for 10 days Total active days across all pairs = _**70 days (30 + 30 + 10)**_ Therefore: * Pair A receives: (30/70) = 37.5% of secondary rewards * Pair B receives: (30/70) = 37.5% of secondary rewards * Pair C receives: (10/70) = 25% of secondary rewards #### [hashtag](https://support.backpack.exchange/exchange/programs/market-maker-program#scoring-system-for-monthly-rewards) Scoring System For Monthly Rewards To determine a user’s share of the reward pool for a given pair, we will look at their Blended Score, which takes into account their Volume Score and Liquidity Score. **For each market:** * **Volume Score** = your maker volume / volume of all MMs in the program * **Liquidity Score** = Your Liquidity Metric / Sum of all MMs Liquidity Metric * Liquidity Metric = Average Size / (Average Spread) \* Uptime Score * Uptime Score = Active Snapshots / Total Snapshots * **Blended Score** = (Volume Score \* Volume Weight) + (Liquidity Score \* Liquidity Weight) * **Reward** = Blended Score \* Monthly Reward Pool Volume Score has a weight of 0.8 and Liquidity Score 0.2. #### [hashtag](https://support.backpack.exchange/exchange/programs/market-maker-program#optional-liquidity-kpis) Optional Liquidity KPIs Market Makers (MMs) who maintain liquidity KPIs for at least 80% of the month will receive a 30% boost to both their Volume Score and Liquidity Score on the relevant pairs where they hit the KPI. This boost is taken from the allocation that would otherwise go to MMs who fall below the 80% uptime threshold. See optional liquidity KPIs below: ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FMvI7KuogCbhA0uiToIj4%252FBackpack%2520Depth%2520and%2520Spread.png%3Falt%3Dmedia%26token%3D78bf2076-a184-4934-9faf-4f16e27f7ec7&width=768&dpr=4&quality=100&sign=b061bdba&sv=2) The One-Sided Depth values shown above represent the minimum liquidity required on each side of the order book (bid and ask) independently. For example, a $10,000 depth requirement means market makers must maintain at least $10,000 worth of orders on both the buy side and the sell side separately, within the specified spread level. Note that the KPIs may change as volumes and liquidity on the exchange evolve. If a market doesn't have liquidity KPIs specified for it, the 30% rewards boost is not applicable for that market. #### [hashtag](https://support.backpack.exchange/exchange/programs/market-maker-program#mm-reward-calculation-example) MM Reward Calculation Example The example below illustrates how rewards are calculated for a single market.‍ ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FkvxoezdCxsSkuhE9fDUM%252FChart%2520Inputs.png%3Falt%3Dmedia%26token%3Dd26bf7d7-bf49-4056-b290-ba2294309f38&width=768&dpr=4&quality=100&sign=8b03cb9c&sv=2) ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FlXPvjpdviykjMqVabpzj%252FBackpack%2520Maker%2520Volume%2520Size%2520and%2520Spread.png%3Falt%3Dmedia%26token%3D50ed7a37-ae9e-46a5-a2c0-c0bc47c97058&width=768&dpr=4&quality=100&sign=dd5f2a9b&sv=2) ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Fj0PwGDM2JRM8AetgJ5x6%252FBackpack%2520Maker%2520Scores%2520and%2520Rewards.png%3Falt%3Dmedia%26token%3D9bc089b7-3b2a-42ca-9ee1-571746bc3175&width=768&dpr=4&quality=100&sign=9bc71c27&sv=2) ### [hashtag](https://support.backpack.exchange/exchange/programs/market-maker-program#further-information) Further Information * All new MMs will enjoy MM5 maker fees for their first month; thereafter, fees will be determined based on the user’s market share and volumes at the end of the fee holiday period. **Backpack Exchange does not, and will not entertain special fee deals with any MM. Fee schedules with all MMs are the same.** * MMs participating in this program are not able to participate in other programs. * MMs must receive at least 1% of the total allocation in order to be eligible for equity rewards in a given month. Additionally, MMs with an average size lower than $2000 or a volume score lower than 1.5% won't be eligible for rewards on a given market. * For the liquidity score calculation, we will only consider orders placed within 100bps from the mid. * For a limited time, each MM has the option to have Backpack buy back the awarded equity every month at the previous fundraise valuation ($120m as of February 2024). If a market maker wishes to receive their month’s reward in cash, the market maker must let Backpack know before the end of the following month. For example, a MM has until November 30 to state how they want to receive their October rewards. Previous equity rewards that have not been claimed in cash cannot be converted. * MMs must comply with Backpack Exchange's User Agreement and all applicable policies and procedures. * Backpack Exchange reserves the right to waive certain KPI requirements for a certain period of time in its sole discretion. * Backpack Exchange reserves the right to modify this program any time when appropriate. [PreviousBackpack VIP Programchevron-left](https://support.backpack.exchange/exchange/programs/backpack-vip-program) [NextMad Lads VIPchevron-right](https://support.backpack.exchange/exchange/programs/mad-lads-vip) Last updated 4 months ago * [Overview](https://support.backpack.exchange/exchange/programs/market-maker-program#overview) * [Market Maker Rebates](https://support.backpack.exchange/exchange/programs/market-maker-program#market-maker-rebates) * [Market Maker Monthly Rewards](https://support.backpack.exchange/exchange/programs/market-maker-program#market-maker-monthly-rewards) * [Further Information](https://support.backpack.exchange/exchange/programs/market-maker-program#further-information) --- # Generate API keys for Backpack Exchange | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/generate-api-keys-for-backpack-exchange#id-1.-open-your-portfolio) 1\. Open your Portfolio * [https://backpack.exchange/portfolio/settings/api-keysarrow-up-right](https://backpack.exchange/portfolio/settings/api-keys) ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252Fo64eHertJWtYt8P5TUmb%252Fimage.png%3Falt%3Dmedia%26token%3D44988e5a-505e-4e37-b98d-33b2c3cf2b00&width=768&dpr=4&quality=100&sign=bf18c7bf&sv=2) ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/generate-api-keys-for-backpack-exchange#id-2.-switch-to-settings-tab) 2\. Switch to Settings tab ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXe717XnZJN3ALc_NEIOMolhFeVofxWRXgPDSlO5WFkNpc17cwFobGog1-dQQeA4YOt8JTV1alkSF19k3S-lPVCdgdgu3RtvcXB67gyg2CdKxKvlt2hBeEG6lEynx02P8NTG2ypMGA%3Fkey%3Dh9gIpItByWCtk-oY-lUgiwK0&width=768&dpr=4&quality=100&sign=9cf431ed&sv=2) ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/generate-api-keys-for-backpack-exchange#id-3.-switch-to-the-api-keys-tab-and-select-new-api-key-button) 3\. Switch to the API Keys tab & select 'New API Key' button ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F30S4AhGBp4JLwE3ydpO4%252Fimage.png%3Falt%3Dmedia%26token%3D2037e5f9-6a14-456b-897a-09442036478f&width=768&dpr=4&quality=100&sign=79e41f82&sv=2) ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/generate-api-keys-for-backpack-exchange#id-4.-name-the-new-api-key-and-select-create-button-in-order-to-create-the-api-key-youll-need-to-enter) 4\. Name the new API key and select 'Create' button, in order to create the API Key you’ll need to enter your authenticator app code ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXfvoid11HMRS2WsKHbep-AVfF4h2QEV1bE6uLPVHviEEkID_FksNjmbvPYAK-d2ZVUEj2C7FzcE4EpMhYOMsf-cAgB2wLrfRMri-9n7oMIF7L58Hif0CDZXrcuuM4GuuTde1_q1%3Fkey%3Dh9gIpItByWCtk-oY-lUgiwK0&width=300&dpr=4&quality=100&sign=33b85086&sv=2) Note: The Read Only button restricts the API key’s permissions to view-only access. ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/generate-api-keys-for-backpack-exchange#id-5.-record-your-api-key-and-api-secret-in-a-secure-location) 5\. Record your API key and API secret in a secure location ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXdnKwXwUiBOdLb0tlfmnie-lTxZCxduQEwhoOL4IX114c3bfHoDrMaBbAKnt14vxrRe9XZX-BLB60fsrJsgtKAHrrUCQN3X0--DLIcJFRzBkDWUnpLY4Z88L7Tkd0cBcrNlc0fG0g%3Fkey%3Dh9gIpItByWCtk-oY-lUgiwK0&width=300&dpr=4&quality=100&sign=45df99f0&sv=2) [PreviousAPI & Developer Docschevron-left](https://support.backpack.exchange/exchange/api-and-developer-docs) [NextAPI Clientschevron-right](https://support.backpack.exchange/exchange/api-and-developer-docs/api-clients) Last updated 2 months ago * [1\. Open your Portfolio](https://support.backpack.exchange/exchange/api-and-developer-docs/generate-api-keys-for-backpack-exchange#id-1.-open-your-portfolio) * [2\. Switch to Settings tab](https://support.backpack.exchange/exchange/api-and-developer-docs/generate-api-keys-for-backpack-exchange#id-2.-switch-to-settings-tab) * [3\. Switch to the API Keys tab & select 'New API Key' button](https://support.backpack.exchange/exchange/api-and-developer-docs/generate-api-keys-for-backpack-exchange#id-3.-switch-to-the-api-keys-tab-and-select-new-api-key-button) * [4\. Name the new API key and select 'Create' button, in order to create the API Key you’ll need to enter your authenticator app code](https://support.backpack.exchange/exchange/api-and-developer-docs/generate-api-keys-for-backpack-exchange#id-4.-name-the-new-api-key-and-select-create-button-in-order-to-create-the-api-key-youll-need-to-enter) * [5\. Record your API key and API secret in a secure location](https://support.backpack.exchange/exchange/api-and-developer-docs/generate-api-keys-for-backpack-exchange#id-5.-record-your-api-key-and-api-secret-in-a-secure-location) --- # Backpack Exchange Python API guide | Backpack Exchange ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#prerequisites) Prerequisites Get your API keys if you are going to use account endpoints: [https://backpack.exchange/portfolio/settings/api-keysarrow-up-right](https://backpack.exchange/portfolio/settings/api-keys) Install the required Python libraries: * cryptography – for X-Signature ([account endpointsarrow-up-right](https://docs.backpack.exchange/#tag/Account) only) * requests – for making HTTP requests (or aiohttp if you prefer async) Copy pip3 install cryptography requests Install dotenv-python to securely manage your keys using environment variables if you are going to use [account endpointsarrow-up-right](https://docs.backpack.exchange/#tag/Account) Copy pip3 install python-dotenv Create a .env file and store your keys like this: Copy PUBLIC_KEY=zDIJj9qneWIY0IYZ5aXoHcNMCm+XDhVcTssiT0HyY0A= SECRET_KEY=4odxgSUxFrC/zsKWZF4OQwYAgnNu9hnWH3NxWfLAPz4= Create a .gitignore file and add .env to exclude it from version control. Copy .env For all examples, we will use the synchronous requests library. Let's import it: Copy import requests ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#public-endpoints) Public endpoints For public endpoints, simply send a GET request. No API keys are required. #### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#example-accessing-public-data) Example: Accessing Public Data **Note:** If you have more than one argument, join them using the & symbol. ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#private-endpoints) Private endpoints For private endpoints, we need to create specific headers and a request body (for POST requests). This requires authentication with your API keys. #### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#example-retrieving-a-deposit-address) Example: Retrieving a Deposit Address Let's see how to retrieve a deposit address using the API: [https://docs.backpack.exchange/#tag/Capital/operation/get\_deposit\_addressarrow-up-right](https://docs.backpack.exchange/#tag/Capital/operation/get_deposit_address) Now that we have our authentication components ready (`X-Timestamp`, `X-Window`, and `X-API-Key`), let's create the signature. #### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#signing-the-request) Signing the Request Now let's sign the request with our private key: #### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#creating-headers) Creating Headers Create the required headers for the API request: #### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#sending-the-request) Sending the Request Now we can send the authenticated request to the API: ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#using-post-requests) Using POST Requests For `POST` requests, you need to include the JSON body and use the `post()` method instead of `get()`. #### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#example-executing-an-order) Example: Executing an Order Let's see how to submit an order to the matching engine for execution using the API: [https://api.backpack.exchange/api/v1/orderarrow-up-right](https://api.backpack.exchange/api/v1/order) ### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#sources) Sources SDK makes the development process much easier. Example SDK: [https://github.com/sndmndss/bpx-pyarrow-up-right](https://github.com/sndmndss/bpx-py) For more information, visit the official documentation: [https://docs.backpack.exchange/arrow-up-right](https://docs.backpack.exchange/) [PreviousAPI Clientschevron-left](https://support.backpack.exchange/exchange/api-and-developer-docs/api-clients) [NextPython WebSocket Guide for Backpack Exchange APIchevron-right](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api) Last updated 4 months ago * [Prerequisites](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#prerequisites) * [Public endpoints](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#public-endpoints) * [Private endpoints](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#private-endpoints) * [Using POST Requests](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#using-post-requests) * [Sources](https://support.backpack.exchange/exchange/api-and-developer-docs/backpack-exchange-python-api-guide#sources) Copy # https://docs.backpack.exchange/#tag/Markets/operation/get_open_interest BASE_URL: str = "https://api.backpack.exchange/" # base api url for all endpoints symbol: str = "SOL_USDC_PERP" # let's specify the symbol result_url: str = f"{BASE_URL}api/v1/openInterest?symbol={symbol}" # add your argument as a query string. For GET requests you need only query string Copy from json import JSONDecodeError response = requests.get(url=result_url) # make a get request print(f"response status code: {response}") if response.status_code == 200: # make your code safe in case you receive unexpected data try: print(f"response json: {response.json()}") open_interest: str = response.json()[0]["openInterest"] print(f"open interest: {open_interest}") except JSONDecodeError: print(f"response text if response isn't json: {response.text}") else: ... Copy import base64 # for base64 encoding the signature from time import time # for timestamp generation import os # to access environment variables from cryptography.hazmat.primitives.asymmetric import ed25519 # to create a private key for signing # from dotenv import load_dotenv, find_dotenv # to load environment variables from .env file Copy # In production code, use this approach: # load_dotenv(find_dotenv()) # public_key: str = os.getenv("PUBLIC_KEY") # secret_key: str = os.getenv("SECRET_KEY") # For demonstration purposes only - don't hardcode keys in production public_key: str = "5+yQgwU0ZdJ/9s+GXfuPFfo7yQQpl9CgvQedJXne30o=" secret_key: str = "TDSkv44jf/iD/QCKkyCdixO+p1sfLXxk+PZH7mW/ams=" # Create private key from secret key private_key = ed25519.Ed25519PrivateKey.from_private_bytes( base64.b64decode(secret_key) ) Copy # Generate timestamp and window parameters timestamp = int(time() * 1e3) # Unix time in milliseconds window: str = "5000" # Time window in milliseconds that the request is valid for Copy # Define the instruction for this API call instruction: str = "depositAddressQuery" sign_str = f"instruction={instruction}" # This endpoint requires the "blockchain" parameter params: dict = { "blockchain": "Solana", } # Generate a valid query string from parameters sorted_params_list = [] for key, value in sorted(params.items()): if isinstance(value, bool): # boolean variables should be lowercase in query strings value = str(value).lower() sorted_params_list.append(f"{key}={value}") sorted_params = "&".join(sorted_params_list) # Combine all parts of the signature string if sorted_params: sign_str += "&" + sorted_params sign_str += f"×tamp={timestamp}&window={window}" print(f"Signature string: {sign_str}") Copy # Sign the string with our private key signature_bytes = private_key.sign(sign_str.encode()) encoded_signature = base64.b64encode(signature_bytes).decode() print(f"Base64 encoded signature: {encoded_signature}") Copy # Prepare the headers with all required authentication parameters headers = { "X-API-Key": public_key, "X-Signature": encoded_signature, "X-Timestamp": str(timestamp), "X-Window": window, "Content-Type": "application/json; charset=utf-8", } Copy # Send the GET request with our authentication headers url = "https://api.backpack.exchange/wapi/v1/capital/deposit/address" response = requests.get(url=url, headers=headers, params=params) print(response.json()) Copy # Generate timestamp and window parameters timestamp = int(time() * 1e3) # Unix time in milliseconds window = "5000" # Time window in milliseconds that the request is valid for # Define the instruction for this API call instruction = "orderExecute" sign_str = f"instruction={instruction}" # Create the order request body order_params = { "symbol": "SOL_USDC", # Required: The market for the order "side": "Bid", # Required: "Bid" (buy) or "Ask" (sell) "orderType": "Limit", # Required: "Market" or "Limit" "price": "170.50", # The order price (required for limit orders) "quantity": "1.0", # The order quantity "timeInForce": "GTC", # "GTC" (Good Till Cancelled), "IOC" (Immediate or Cancel), "FOK" (Fill or Kill) "clientId": 123456, # Custom order ID (optional) "selfTradePrevention": "RejectTaker" # Optional: "RejectTaker", "RejectMaker", "RejectBoth" } # Generate a valid query string from parameters sorted_params_list = [] for key, value in sorted(order_params.items()): if isinstance(value, bool): # boolean variables should be lowercase in query strings value = str(value).lower() sorted_params_list.append(f"{key}={value}") sorted_params = "&".join(sorted_params_list) # Combine all parts of the signature string if sorted_params: sign_str += "&" + sorted_params sign_str += f"×tamp={timestamp}&window={window}" print(f"Signature string: {sign_str}") Copy # Sign the string with our private key signature_bytes = private_key.sign(sign_str.encode()) encoded_signature = base64.b64encode(signature_bytes).decode() print(f"Base64 encoded signature: {encoded_signature}") Copy # Prepare the headers with all required authentication parameters headers = { "X-API-Key": public_key, "X-Signature": encoded_signature, "X-Timestamp": str(timestamp), "X-Window": window, "Content-Type": "application/json; charset=utf-8", } Copy # Send the POST request with our authentication headers and order parameters url = "https://api.backpack.exchange/api/v1/order" response = requests.post(url=url, headers=headers, json=order_params) print(f"Response status code: {response.status_code}") try: print(f"Response JSON: {response.json()}") except JSONDecodeError: print(f"Response text: {response.text}") --- # Bug Bounty Program | Backpack Exchange > 📢 **Submit your reports and find full details on our Hackenproof page:** 🔗 [Backpack Web & API Bug Bounty @ Hackenproofarrow-up-right](https://hackenproof.com/programs/backpack-web-and-api) * * * [hashtag](https://support.backpack.exchange/exchange/programs/bug-bounty-program#rules) Rules -------------------------------------------------------------------------------------------------- **Rewards are categorized into five tiers** based on the severity of the identified vulnerabilities. The reward amounts are as follows: * **Critical**: $10,000 - $100,000 USD * **High**: $5,000 - $10,000 USD * **Medium**: $500 - $5000 USD * **Low**: $50 - $500 USD ‍ Upon acceptance of your bug or vulnerability report, rewards will be disbursed in USDC. Please note that the threat level will be assessed by the Backpack security team, and Backpack reserves the sole discretion to determine whether a report meets the reward criteria. * * * [hashtag](https://support.backpack.exchange/exchange/programs/bug-bounty-program#scope-of-vulnerabilities) Scope of Vulnerabilities‍ ----------------------------------------------------------------------------------------------------------------------------------------- The following modules are within the scope of the bug bounty program: ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66e9549271c9cf4677a05828_66e9545ea8255b2c03f1e8f9_backpack_bug_bounty_program.png&width=768&dpr=4&quality=100&sign=1281bbbb&sv=2) * * * [hashtag](https://support.backpack.exchange/exchange/programs/bug-bounty-program#criteria) Criteria -------------------------------------------------------------------------------------------------------- **Reports should focus on the following types of vulnerabilities:** * Issues with business logic that may result in the loss of user assets. * Payment manipulation. * Remote code execution (RCE). * Leakage of sensitive information. * Critical OWASP issues such as XSS, CSRF, SQLi, SSRF, IDOR, and similar vulnerabilities. * Other vulnerabilities that may result in potential loss. * * * [hashtag](https://support.backpack.exchange/exchange/programs/bug-bounty-program#exclusions) Exclusions ------------------------------------------------------------------------------------------------------------ **The following issues are not within the scope of the bug bounty program:** * Theoretical vulnerabilities that have not been proven. * Flaws in email verification codes, expired password reset links, and password complexity policies. * Clickjacking and UI redirection with minor security impact. * Vulnerabilities in third-party applications or software. * Zero-day exploits that are less than 30 days old. * Social engineering and phishing attacks. * Denial of Service (DoS) attacks. * Enumeration of email, phone number, or username information. * Known issues, duplicate submissions, or vulnerabilities already disclosed. * Physical attacks. * Vulnerabilities that can only be exploited in older versions of browsers or platforms. * Using known codebase vulnerabilities without actual proof. * Lack of security flags in cookies. * Issues related to insecure SSL/TLS sockets or protocol versions. * Content-based deception. * Cache management issues. * Internal IP or domain name leakages. * Missing security headers that cannot be directly exploited. * CSRF issues with negligible impact (such as adding to favorites, adding to cart, subscribing, etc.) * Issues without any security impact. ‍ **For any queries or submissions, please contact us at** [**\[email protected\]**envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#8fedfae8ede0fae1fbf6cfedeeece4ffeeece4a1eaf7ece7eee1e8ea) **.** ‍ We look forward to your participation and thank you for helping us maintain a secure and trustworthy trading environment. [PreviousMad Lads VIPchevron-left](https://support.backpack.exchange/exchange/programs/mad-lads-vip) [NextAPI & Developer Docschevron-right](https://support.backpack.exchange/exchange/api-and-developer-docs) Last updated 15 hours ago * [Rules](https://support.backpack.exchange/exchange/programs/bug-bounty-program#rules) * [Scope of Vulnerabilities‍](https://support.backpack.exchange/exchange/programs/bug-bounty-program#scope-of-vulnerabilities) * [Criteria](https://support.backpack.exchange/exchange/programs/bug-bounty-program#criteria) * [Exclusions](https://support.backpack.exchange/exchange/programs/bug-bounty-program#exclusions) --- # FAQs | Backpack Exchange chevron-rightWhat APIs does Backpack support?[hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/faqs#what-apis-does-backpack-support) Backpack offers two ways to integrate, depending on whether you need request/response actions or real-time streaming data. #### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/faqs#rest-api) REST API Use the REST API for on-demand actions like fetching market/account data and managing orders. Common endpoints include: * GET /markets * GET /balances * POST /orders * DELETE /orders #### [hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/faqs#websocket-api) WebSocket API Use the WebSocket API for low-latency, real-time streams Common use cases include: * Subscribing to order book updates * Subscribing to candlestick (kline) streams * Subscribing to authenticated account events (e.g., order and position updates) chevron-rightCan the API be used for futures trading?[hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/faqs#can-the-api-be-used-for-futures-trading) Yes. Backpack supports both spot and perpetual futures through the same order and account endpoints. To trade perps, use a perp market symbol For example: POST /orders - SOL\_USDC\_PERP chevron-rightCan I withdraw assets using the API?[hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/faqs#can-i-withdraw-assets-using-the-api) To enable withdrawals, strict security controls are required (including two-factor authentication). To configure a withdrawal address with mandatory 2FA, **please use:** [https://backpack.exchange/settings/withdrawal-addresses?twoFactorWithdrawalAddress=truearrow-up-right](https://backpack.exchange/settings/withdrawal-addresses?twoFactorWithdrawalAddress=true) **twoFactorToken parameter** (https://docs.backpack.exchange/#tag/Capital/operation/request\_withdrawal:~:text=asset%20to%20withdraw.-,twoFactorToken,-string)is currently disabled chevron-rightWhat are the API rate limits? Are they different per server or per subaccount?[hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/faqs#what-are-the-api-rate-limits-are-they-different-per-server-or-per-subaccount) Rate limits are applied per subaccount, not per server. By default, each subaccount can make up to 2000 requests per minute across standard REST endpoints Historical market data endpoints are limited at 30 requests per minute per subaccount. (“Historical endpoints” refers to REST routes that return time-range data such as candles/trades.) If you hit a limit, you’ll receive HTTP 429 responses. Consider using WebSocket streams for high-frequency market data. chevron-rightWhat are the common errors when placing orders?[hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/faqs#what-are-the-common-errors-when-placing-orders) Error Code Description Resolution INVALID\_CLIENT\_REQUEST' Invalid signature Verify query string construction method (sorting, instruction value). Also verify that your boolean values in query string are lowercase. “True” should be “true”. INVALID\_CLIENT\_REQUEST' Request has expired Time that took request to reach exchange servers exceeded X-Window and window value. Try to increase the window INVALID\_CLIENT\_REQUEST' Quantity decimal too long Adjust quantity to stepSize INVALID\_CLIENT\_REQUEST' Invalid X-Signature Header Query string was signed with wrong keypair Verify that you use ED25519 429 Too many requests Reduce request frequency; consider WebSocket streaming chevron-rightWhere can I find SDKs?[hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/faqs#where-can-i-find-sdks) The official SDK is currently available only in Rust: [https://github.com/backpack-exchange/bpx-api-clientarrow-up-right](https://github.com/backpack-exchange/bpx-api-client) Please refer to the following page for community-maintained examples in various languages: [https://support.backpack.exchange/exchange/api-and-developer-docs/api-clientsarrow-up-right](https://support.backpack.exchange/exchange/api-and-developer-docs/api-clients) chevron-rightHow can I get real-time market data for a trading pair?[hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/faqs#how-can-i-get-real-time-market-data-for-a-trading-pair) Use WebSocket streams for live market updates: [Book Tickerarrow-up-right](https://docs.backpack.exchange/#tag/Streams/Public/Book-ticker) (bookTicker.) Best bid/ask prices and quantities in real time. Ideal for top-of-book displays. [Deptharrow-up-right](https://docs.backpack.exchange/#tag/Streams/Public/Depth) (depth.) Incremental order-book updates. Start by fetching an initial snapshot via REST, then apply depth deltas from the stream. Depth is available in real-time or aggregated modes (e.g., 200ms / 600ms / 1000ms) to reduce traffic. See the full list of streams here: [https://docs.backpack.exchange/#tag/Streamsarrow-up-right](https://docs.backpack.exchange/#tag/Streamshttps://docs.backpack.exchange/#tag/Streams) chevron-rightHow can I improve the stability of my trading bot?[hashtag](https://support.backpack.exchange/exchange/api-and-developer-docs/faqs#how-can-i-improve-the-stability-of-my-trading-bot) Recommended best practices: * Prefer WebSocket subscriptions for real-time order/trade updates instead of polling REST * Implement retry + exponential backoff for REST requests and WS reconnects * Keep a local cache of frequently used reference data (markets, symbols, filters) and refresh periodically * Monitor and alert on critical API errors (auth failures, expired requests, and 429 rate limits) [PreviousPython WebSocket Guide for Backpack Exchange APIchevron-left](https://support.backpack.exchange/exchange/api-and-developer-docs/python-websocket-guide-for-backpack-exchange-api) [NextWalletchevron-right](https://support.backpack.exchange/wallet) Last updated 1 month ago --- # Actions | Backpack Exchange [Add Networkchevron-right](https://support.backpack.exchange/wallet/actions/add-network) [Wallet Multi-Accountschevron-right](https://support.backpack.exchange/wallet/actions/wallet-multi-accounts) [Custom RPC Addresschevron-right](https://support.backpack.exchange/wallet/actions/custom-rpc-address) [Swap Tokenschevron-right](https://support.backpack.exchange/wallet/actions/swap-tokens) [How to Buy and Sell Crypto with MoonPaychevron-right](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay) [Stake SOLchevron-right](https://support.backpack.exchange/wallet/actions/stake-sol) [SOL/ETH Bridgechevron-right](https://support.backpack.exchange/wallet/actions/sol-eth-bridge) [Secure NFTschevron-right](https://support.backpack.exchange/wallet/actions/secure-nfts) [Connect Hardware Walletchevron-right](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet) [Multisigchevron-right](https://support.backpack.exchange/wallet/actions/multisig) [Add Developer Testnetschevron-right](https://support.backpack.exchange/wallet/actions/add-developer-testnets) [Collaboration Application Formchevron-right](https://support.backpack.exchange/wallet/actions/collaboration-application-form) [PreviousImport/Recover Walletchevron-left](https://support.backpack.exchange/wallet/get-started/import-recover-wallet) [NextAdd Networkchevron-right](https://support.backpack.exchange/wallet/actions/add-network) --- # Import/Recover Wallet | Backpack Exchange If you have lost access to your Wallet extension or mobile app you can recover it using a **Seed Recovery Phrase** or **Private Keys**. Note: If you do not have your Seed Recovery Phrase or Private Keys then Backpack will not be able to help you recover the Wallet. * * * [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#import-or-recover-a-backpack-wallet-using-a-seed-phrase-mobile) Import or Recover a Backpack Wallet Using a Seed Phrase (Mobile) -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- A seed phrase is the ONLY way to recover your account if you lose your device. We cannot help you recover your account if you do not have the seed phrase. ### [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-1.-select-advanced-wallet-import) 1\. Select "Advanced wallet import" ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66971084f4afe6c415844827_9c19ee11-5d15-4fe2-a346-791960a3ac47.png&width=768&dpr=4&quality=100&sign=b9bfeacc&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-2.-select-private-key) 2\. Select "Private key" ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F6697108407ab18597b8a7288_3c75c264-1ae2-4bae-83dd-7a8939bb5699.png&width=768&dpr=4&quality=100&sign=798cc650&sv=2) ‍ ### [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-3.-select-derive-from-recovery-phrase) 3\. Select "Derive from recovery phrase" ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66971086cee6ea7beb996b71_c0f0bbc5-3d55-4948-93c0-945037e94fce.png&width=768&dpr=4&quality=100&sign=a6d05da2&sv=2) ‍ ### [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-4.-enter-your-secret-recovery-phrase-into-the-prompt) 4\. Enter your Secret Recovery Phrase into the prompt **Note:** Select 'Use 24 words' to expand the prompt ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66971084b067d3b72da6e7a0_b7bb8ebe-9c0d-4a37-a069-71e0da519e4f.png&width=768&dpr=4&quality=100&sign=3d4a2fb0&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-5.-find-and-select-your-wallet-address-select-import-wallet) 5\. Find and select your wallet address, select "Import Wallet" **Note:** If your wallet address is not appearing in "Funded" use the drop down menu to expand your options. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66971084f4afe6c41584482b_2d371100-94bf-41aa-bab7-6d7714409c10.png&width=768&dpr=4&quality=100&sign=f973a49a&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-6.-select-im-done-and-begin-using-the-backpack-wallet) 6\. Select "I'm done" and begin using the Backpack Wallet ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F669710846df4e8aebef5d57e_c023bd81-ff78-42ab-8e6e-bd44b112e88c.png&width=768&dpr=4&quality=100&sign=a057b6fa&sv=2) * * * [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#import-or-recover-a-backpack-wallet-using-a-seed-phrase-browser-extension) Import or Recover a Backpack Wallet Using a Seed Phrase (Browser Extension) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ### [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-1.-select-import-wallet) 1\. Select "Import Wallet" ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F6697101c6df4e8aebef594f2_83d857ce-1cd5-4591-b882-2e2712ffd47d.png&width=768&dpr=4&quality=100&sign=a8f48fa8&sv=2) ‍ ‍ ### [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-2.-add-an-account-name-or-select-skip) 2\. Add an Account name or select "Skip" ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F6697101c756bba070c4fae2c_85d5aadf-b2fe-491f-b94a-76d04948c243.png&width=768&dpr=4&quality=100&sign=aad0b6cc&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-3.-select-import-secret-recovery-phrase) 3\. Select "Import secret recovery phrase" ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F6697101d32daf249116b3d84_9cd06db1-b07e-42df-9f06-6b23c56574e5.png&width=768&dpr=4&quality=100&sign=1ccb0d2d&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-4.-enter-your-secret-recovery-phrase-into-the-prompt-1) 4\. Enter your Secret Recovery Phrase into the prompt **Note:** Select 'Use 24 words' to expand the prompt ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F6697101ce8033404423d75ef_67ab189a-bc30-4d4f-91c8-9901a225578a.png&width=768&dpr=4&quality=100&sign=19ac5114&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-5.-choose-either-ethereum-or-solana) 5\. Choose either Ethereum or Solana ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F6697101c0723f64706028ba3_4f59a0e5-a44b-4b43-be13-bec4a1ed3cd9.png&width=768&dpr=4&quality=100&sign=ec9cc91c&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-6.-find-and-select-your-wallet-address-select-import-wallet) 6\. Find and select your wallet address, select "Import Wallet" **Note:** If your wallet address is not appearing in "Funded" use the drop down menu to expand your options. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F6697101d6b60d483ebedb4fd_5c6e1967-61b2-4267-a216-050aa6ed65b9.png&width=768&dpr=4&quality=100&sign=bc6f1ad7&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-7.-open-the-extension-and-pin-it-to-your-task-bar) 7\. Open the Extension and pin it to your task bar ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F6697101c2db818d27025b7d7_6f1692aa-8c48-4140-a510-9668862a878c.png&width=768&dpr=4&quality=100&sign=5e6222db&sv=2) [PreviousSupported Browsers and Platformschevron-left](https://support.backpack.exchange/wallet/get-started/supported-browsers-and-platforms) [NextActionschevron-right](https://support.backpack.exchange/wallet/actions) Last updated 2 months ago * [Import or Recover a Backpack Wallet Using a Seed Phrase (Mobile)](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#import-or-recover-a-backpack-wallet-using-a-seed-phrase-mobile) * [1\. Select "Advanced wallet import"](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-1.-select-advanced-wallet-import) * [2\. Select "Private key"](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-2.-select-private-key) * [3\. Select "Derive from recovery phrase"](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-3.-select-derive-from-recovery-phrase) * [4\. Enter your Secret Recovery Phrase into the prompt](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-4.-enter-your-secret-recovery-phrase-into-the-prompt) * [5\. Find and select your wallet address, select "Import Wallet"](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-5.-find-and-select-your-wallet-address-select-import-wallet) * [6\. Select "I'm done" and begin using the Backpack Wallet](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-6.-select-im-done-and-begin-using-the-backpack-wallet) * [Import or Recover a Backpack Wallet Using a Seed Phrase (Browser Extension)](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#import-or-recover-a-backpack-wallet-using-a-seed-phrase-browser-extension) * [1\. Select "Import Wallet"](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-1.-select-import-wallet) * [2\. Add an Account name or select "Skip"](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-2.-add-an-account-name-or-select-skip) * [3\. Select "Import secret recovery phrase"](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-3.-select-import-secret-recovery-phrase) * [4\. Enter your Secret Recovery Phrase into the prompt](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-4.-enter-your-secret-recovery-phrase-into-the-prompt-1) * [5\. Choose either Ethereum or Solana](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-5.-choose-either-ethereum-or-solana) * [6\. Find and select your wallet address, select "Import Wallet"](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-6.-find-and-select-your-wallet-address-select-import-wallet) * [7\. Open the Extension and pin it to your task bar](https://support.backpack.exchange/wallet/get-started/import-recover-wallet#id-7.-open-the-extension-and-pin-it-to-your-task-bar) --- # Custom RPC Address | Backpack Exchange Backpack Wallet supports your right to choose RPC (Remote Procedure Call) providers. They allow crypto dApps (such as Tensor & Jupiter) to communicate and interact with a blockchain. [hashtag](https://support.backpack.exchange/wallet/actions/custom-rpc-address#how-to-use-custom-rpcs-with-backpack-wallet) How to use custom RPCs with Backpack Wallet --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1. Open the main menu and choose the appropriate network 2. Select 'RPC Connection' 3. Enter the Custom menu and enter RPC address. Update. [PreviousWallet Multi-Accountschevron-left](https://support.backpack.exchange/wallet/actions/wallet-multi-accounts) [NextSwap Tokenschevron-right](https://support.backpack.exchange/wallet/actions/swap-tokens) Last updated 2 months ago --- # Add Network | Backpack Exchange Backpack currently supports Solana, Ethereum, Optimism, Arbitrum, Polygon, Base and Sonic with more on the way. [hashtag](https://support.backpack.exchange/wallet/actions/add-network#how-to-add-new-networks-on-mobile) How to add new networks on Mobile ------------------------------------------------------------------------------------------------------------------------------------------------ 1. Open the main menu at top left of app 2. Select the new network in the Networks section 3. Proceed with new wallet creation * * * [hashtag](https://support.backpack.exchange/wallet/actions/add-network#how-to-add-new-networks-on-extension) How to add new networks on Extension ------------------------------------------------------------------------------------------------------------------------------------------------------ 1. Open the drop down menu at the top of the app 2. Open the network selector and select "Add Network" option 3. Choose the new network and process with wallet creation ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F34O9Z9Ff7OCyBe9VQmJU%252Fimage.png%3Falt%3Dmedia%26token%3D5e0a5861-e41b-4d7d-9a07-b0ca94408a8b&width=768&dpr=4&quality=100&sign=ac8558d&sv=2) [PreviousActionschevron-left](https://support.backpack.exchange/wallet/actions) [NextWallet Multi-Accountschevron-right](https://support.backpack.exchange/wallet/actions/wallet-multi-accounts) Last updated 2 months ago * [How to add new networks on Mobile](https://support.backpack.exchange/wallet/actions/add-network#how-to-add-new-networks-on-mobile) * [How to add new networks on Extension](https://support.backpack.exchange/wallet/actions/add-network#how-to-add-new-networks-on-extension) --- # How to Buy and Sell Crypto with MoonPay | Backpack Exchange [Buy Crypto in Backpack Wallet with MoonPaychevron-right](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay) [Sell Crypto in Backpack Wallet with MoonPaychevron-right](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay) [PreviousSwap Tokenschevron-left](https://support.backpack.exchange/wallet/actions/swap-tokens) [NextBuy Crypto in Backpack Wallet with MoonPaychevron-right](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay) Last updated 2 months ago --- # Swap Tokens | Backpack Exchange ### [hashtag](https://support.backpack.exchange/wallet/actions/swap-tokens#how-to-swap-tokens-desktop) How to swap tokens (Desktop) 1. Select the Swap button ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F679a44b60ad1494669f9d022_679a43a7f32a0f497dcf3d8f_how_to_swap_backpack_wallet.jpeg&width=768&dpr=4&quality=100&sign=20279b91&sv=2) 1. Select the tokens which you are swapping 2. Review the transaction details ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F679a44b60ad1494669f9d034_679a444eaec81e223c086e97_how_to_swap_backpack_wallet2.jpeg&width=768&dpr=4&quality=100&sign=68a70624&sv=2) 1. Select the Approve button ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F679a44b60ad1494669f9d01f_679a44779aae254614fe534d_how_to_swap_backpack_wallet3.jpeg&width=768&dpr=4&quality=100&sign=fc2a7ef1&sv=2) * * * ### [hashtag](https://support.backpack.exchange/wallet/actions/swap-tokens#how-to-swap-tokens-mobile) How to swap tokens (Mobile) 1. Select the Swap button You can choose the Swap button at the top o the screen or the icon at the bottom of the screen. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66f51ff95d5ac31086ef16e7_66f51ce6b2b48b8e2978fe24_swap_crypto_tokens_backpack_wallet_mobile.png&width=768&dpr=4&quality=100&sign=6f79240e&sv=2) 1. Select the tokens which you are swapping ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66f51ff95d5ac31086ef16ea_66f51cd5c90d5f01674cc59c_swap_crypto_tokens_backpack_wallet_mobile2.png&width=768&dpr=4&quality=100&sign=c269f2dc&sv=2) 1. Review the Swap details ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66f51ff85d5ac31086ef16bb_66f51cc81b9caedc5079a5f8_swap_crypto_tokens_backpack_wallet_mobile3.png&width=768&dpr=4&quality=100&sign=940508e5&sv=2) 1. Approve the transaction and return to the main menu ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66f51ff85d5ac31086ef16be_66f51cc20f914dac6a47aace_swap_crypto_tokens_backpack_wallet_mobile4.png&width=768&dpr=4&quality=100&sign=1bbf1410&sv=2) [PreviousCustom RPC Addresschevron-left](https://support.backpack.exchange/wallet/actions/custom-rpc-address) [NextHow to Buy and Sell Crypto with MoonPaychevron-right](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay) Last updated 2 months ago * [How to swap tokens (Desktop)](https://support.backpack.exchange/wallet/actions/swap-tokens#how-to-swap-tokens-desktop) * [How to swap tokens (Mobile)](https://support.backpack.exchange/wallet/actions/swap-tokens#how-to-swap-tokens-mobile) --- # Wallet Multi-Accounts | Backpack Exchange ### [hashtag](https://support.backpack.exchange/wallet/actions/wallet-multi-accounts#feature-overview) Feature Overview Wallet Multi-Accounts enables you to: * Create separate wallet groups * Maintain clearer identity boundaries * Organize wallets based on usage or ownership This ensures improved asset management, enhanced security, and an overall more structured wallet experience. * * * ### [hashtag](https://support.backpack.exchange/wallet/actions/wallet-multi-accounts#setting-up-multi-accounts-on-mobile) Setting Up Multi-Accounts on Mobile Follow the steps below to configure and manage multiple wallet accounts on your Backpack mobile app. #### [hashtag](https://support.backpack.exchange/wallet/actions/wallet-multi-accounts#id-1.-manage-an-existing-group) 1\. Manage an Existing Group * Navigate to the **Wallet Management** screen. * Under the **Wallets** section, click **Account 1** (or the group you wish to manage). * Tap the **three dots** icon located at the bottom right corner. * From here, you may: * **Edit the account name** * **Remove the account** from the list ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FlW38OY7Tal9bnob1d31d%252F0e72d498-94db-4b93-be9a-799c208c8463.png%3Falt%3Dmedia%26token%3D63c9309d-30b7-474d-99b3-1fc5b544a0c0&width=768&dpr=4&quality=100&sign=bb9b00c7&sv=2) * * * #### [hashtag](https://support.backpack.exchange/wallet/actions/wallet-multi-accounts#id-2.-add-a-new-group) 2\. Add a New Group * Navigate to the **Wallet Management** screen. * Under the **Wallets** section, tap **Account 1** (or any existing group). * Select **Add Account**. * Enter a **name** for the new account. * Choose one of the following options: * [**Import an existing wallet**](https://support.backpack.exchange/wallet/get-started/import-recover-wallet) using a seed phrase or private key * **Create a new wallet** with a fresh seed phrase ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FIDW20Ne7GZBPHSMxedqm%252Fd8d87c52-b9fd-40a6-b57f-3e4ba954a4b7.png%3Falt%3Dmedia%26token%3D4feb4c46-7a32-44d7-89a7-170ca9a058fb&width=768&dpr=4&quality=100&sign=352389ac&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/actions/wallet-multi-accounts#id-3.-add-a-new-wallet-within-a-group) 3\. Add a New Wallet Within a Group 1. In the **Wallet Management** screen, locate **Account 1** (or the group you wish to manage) under the _Wallets_ section. 2. Tap the **plus (+) icon** beside the account. 3. Select the **blockchain network** you wish to use. 4. Choose one of the following options: * [**Import an existing wallet**](https://support.backpack.exchange/wallet/get-started/import-recover-wallet) on that chain * **Create a new wallet** within the same group ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F0VIG3G0cNGOKFZYS9jz3%252Fe243d6bb-9880-4f31-aafa-c2ce63682999.png%3Falt%3Dmedia%26token%3D64fae92c-75cc-4b67-aad7-606cbb6a0239&width=768&dpr=4&quality=100&sign=acc877ad&sv=2) * * * ### [hashtag](https://support.backpack.exchange/wallet/actions/wallet-multi-accounts#example-use-cases) Example Use Cases You can create different account groups for various purposes, such as: * **Personal Wallets** – for individual transactions and asset management * **Corporate Wallets** – for company-owned funds or operational usage * [**Multisig Wallets**](https://support.backpack.exchange/wallet/actions/multisig) – requiring multiple approvals for transactions This structure enhances clarity, helps segregate responsibilities, and improves workflow efficiency for you managing diverse assets. [PreviousAdd Networkchevron-left](https://support.backpack.exchange/wallet/actions/add-network) [NextCustom RPC Addresschevron-right](https://support.backpack.exchange/wallet/actions/custom-rpc-address) Last updated 1 month ago * [Feature Overview](https://support.backpack.exchange/wallet/actions/wallet-multi-accounts#feature-overview) * [Setting Up Multi-Accounts on Mobile](https://support.backpack.exchange/wallet/actions/wallet-multi-accounts#setting-up-multi-accounts-on-mobile) * [3\. Add a New Wallet Within a Group](https://support.backpack.exchange/wallet/actions/wallet-multi-accounts#id-3.-add-a-new-wallet-within-a-group) * [Example Use Cases](https://support.backpack.exchange/wallet/actions/wallet-multi-accounts#example-use-cases) --- # Buy Crypto in Backpack Wallet with MoonPay | Backpack Exchange MoonPay lets you purchase supported tokens directly inside Backpack using Apple Pay, debit/credit card, or other local payment rails. ### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay#step-by-step) **Step by Step** #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay#id-1.-select-cash-button) 1\. Select “Cash” button ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXfAaMF9qoFCUB90FBsmZB9gK6CPYO3HnFIory2sHRGMMMoBJOf4YjQjZ1RP9Dxi6JIgnXbjUXCGYZLPVLHPMUNL7cD7cln2JN9rL_GvKPPlShpd-nbTY3CvZaO9wH9a0-ZuOKiP%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=f6ab7585&sv=2) * * * #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay#id-2.-choose-buy-crypto) 2\. Choose “Buy Crypto” ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXfaJJPxrx3xuV5XGqCTqVfTRO4XeNZZijmzRB8U8rze6opaFUhwwppQwDCYw4dVsHvTGAydWi-j6yjF2HHZSRlz3a2esEyQd2E2RI16iWoxmtkGwZeK1GITi-Ocrtt1GuYGg69C%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=24fe588d&sv=2) * * * #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay#id-3.-select-currency-you-want-to-buy) 3\. Select currency you want to buy ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXcze-Hr405pZ-n82O2Qy3dkXKi0G1NyoIetKNpiMwmH_0WNdZ_s6E0p_W0wSeh-vTN5sOFZ5vnRCdrAidKPpw3HOq7BwGVkpJtNdyko2vFchFZIF9gPz-sOl1fDTaE01eh-Xt_N3w%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=5c4131e7&sv=2) Note: You will be redirected to MoonPay * * * #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay#id-4.-select-your-payment-currency-and-enter-the-amount-you-want-to-purchase) 4\. Select your payment currency and enter the amount you want to purchase ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXe8PYQhE3smkrPpMerp6KQjUuvBFnms1qfZn1V7QnG_pAfADRdWJA2wcOWEsaqZS326jnkJipRCGhgXBEKgIAgEH9uCRAqT0tIVWBLzsUktUW6QrfiAwPoeZsAINCLQPpq97Ad-HQ%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=2e09daf2&sv=2) **Note:** There is a minimum purchase order, equivalent in your chosen currency. Conversion rates are based on current market conditions (fees are included). * * * #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay#id-5.-sign-in-with-moonpay) 5\. Sign in with MoonPay **Note:** When using MoonPay for the first time, you’ll be prompted to sign in directly through MoonPay’s interface. As part of their compliance requirements, you’ll need to provide personal information and complete the identity verification (KYC) process before your transaction can be processed. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXcmOJiI35aETJimSVECettpPqCdCrDx4mFueXEJCeuqElcX0L8NPrLdN_q9kYFOhc-Z-i0cB5P_aX49HSFTLEtTfBKAmP-7-vU4roJboFoEtgCuW-gXu-xMnq8OVYuwwkuckVQf%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=be1e6538&sv=2) #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay#agree-terms-of-service-and-click-continue) Agree Terms of Service and click “Continue” ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXf457lrE1cMzD4AYD3W4kqrGau8E_XUA06O_dry20ie_g1mxSMaRwWP1_9mN1JSo_uBwBkaCfd3xBWF8FPdMJPQElDWjet8WCrgkMRQwF8Pha1aDJozH4Dx8jZvvM2db4pXSbGZ%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=4ab06b25&sv=2) #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay#enter-the-verification-code-sent-to-your-email-address) Enter the Verification code sent to your email address ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXeVmpDO2ZWxPyzKT0tOO4LNOeEwCVIgaWBGL8PKCQlJRfWPBpdxk1X5v2KQRff378_kyRc4zwgLmWz5HP1-_21UB-OiiGPlkcPfnYeLZ5fkRSLX-ezhwTb6EHDAgMjRnA%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=35fd8ccb&sv=2) #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay#provide-your-personal-information-and-verify-your-identity) Provide your personal information & verify your identity ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXc-HuiGYyfWK0vxi8D6hOC-_4u_1uOzZ4qBmQWbCgfOjLshKSEFj_frNM8KAmQG7qoecnMWhyLSuKWjdXNPLpxp8RlLEN4fes7Rku2Frn7OA7a_mRW4qFJ9YYZ7FHIUT46Bk9638g%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=9edde3dc&sv=2) ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FD5D2uj9JkXTAmpWZVWVr%252Fimage.png%3Falt%3Dmedia%26token%3D9dc337bf-5335-4022-b286-8d3bd539ef41&width=300&dpr=4&quality=100&sign=2c1a6d9c&sv=2)6) * * * #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay#id-6.-confirm-your-order-and-pay-with-apple-pay-or-add-debit-card) 6\. Confirm your order & pay with Apple Pay or add Debit Card ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXcjk8MU50oIuZ2DGf4eoRnTV8PTWXjIenm8agX65CgDk3dX-VZcYPYRgXeT9Gs118mUwXDZb8WNtf7q9NPfB9iyDTrC7n3i23hjEgSG64Kg-HFUL2rSM7INBWJDgSd0kNzkb5sR%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=9155667d&sv=2) * * * ### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay#need-help-with-a-moonpay-transaction) **Need help with a MoonPay transaction?** **Important:** Backpack does **not** handle your card payment. All billing, settlement, and refunds are processed by **MoonPay**. If you have any questions or issues related to your MoonPay transaction — including payment status, delays, refunds, or verification, we recommend reaching out to their support team directly via: [https://support.moonpay.comarrow-up-right](https://support.moonpay.com/) [PreviousHow to Buy and Sell Crypto with MoonPaychevron-left](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay) [NextSell Crypto in Backpack Wallet with MoonPaychevron-right](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay) Last updated 2 months ago * [Step by Step](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay#step-by-step) * [Need help with a MoonPay transaction?](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay#need-help-with-a-moonpay-transaction) --- # Stake SOL | Backpack Exchange There are two main ways to stake Solana on Backpack: 1. Liquid Staking: stake SOL while maintaining liquidity through tokenized staking derivatives like bpSOL 2. Native Staking: delegate SOL directly to a validator through your wallet. * * * [hashtag](https://support.backpack.exchange/wallet/actions/stake-sol#how-to-how-to-liquid-stake-sol-for-bpsol) How To How To Liquid Stake SOL for bpSOL ------------------------------------------------------------------------------------------------------------------------------------------------------------ Backpack staked SOL, or bpSOL, can boost your rewards by up to 15% (rates vary and change frequently). Follow these steps to convert your existing SOL to bpSOL and start earning today. * Swap SOL for bpSOL in the Swap tab [hashtag](https://support.backpack.exchange/wallet/actions/stake-sol#how-to-natively-stake-sol) How To Natively Stake SOL ------------------------------------------------------------------------------------------------------------------------------ Backpack recommends 2 validators, the Backpack Validator and the Mad Lads validator. Follow these steps to natively stake your existing SOL through a Solana validator and start earning today. 1. Open Solana (SOL) from the token list 2. Select the 'Stake SOL to Earn' button 3. Choose the 'Add Stake' button 4. Enter the amount of SOL you wish to stake and select the 'Stake' button * * * [hashtag](https://support.backpack.exchange/wallet/actions/stake-sol#faqs-about-staking-sol-with-backpack) **FAQs about staking SOL with Backpack** -------------------------------------------------------------------------------------------------------------------------------------------------------- chevron-right**1\. What is the minimum amount of SOL needed to stake?**[hashtag](https://support.backpack.exchange/wallet/actions/stake-sol#id-1.-what-is-the-minimum-amount-of-sol-needed-to-stake) 0.01 SOL chevron-right**2\. How long does it take for staked SOL to activate?**[hashtag](https://support.backpack.exchange/wallet/actions/stake-sol#id-2.-how-long-does-it-take-for-staked-sol-to-activate) This period can vary however a new stake will activate within 24 hours. chevron-right**3\. Can I unstake my SOL at any time?**[hashtag](https://support.backpack.exchange/wallet/actions/stake-sol#id-3.-can-i-unstake-my-sol-at-any-time) You can unstake SOL at any time however you must wait for the next Solana epoch to receive the tokens in your Wallet. [See the Solana Epoch status herearrow-up-right](https://explorer.solana.com/) chevron-right**4\. What is the Mad Validator?**[hashtag](https://support.backpack.exchange/wallet/actions/stake-sol#id-4.-what-is-the-mad-validator) The Mad Validator is Backpack owned and managed. It began operations after the Mad Lads NFT collection launch. [See details about the Mad Validator here.arrow-up-right](https://www.validators.app/validators/CjmXSapt1ouz3CZzgkRJckBEwMSo5fVdVrizLeRscwYD?locale=en&network=mainnet) chevron-right**5\. What is staked SOL used for?**[hashtag](https://support.backpack.exchange/wallet/actions/stake-sol#id-5.-what-is-staked-sol-used-for) Staked SOL is used to validate blockchain transactions on the Solana network. chevron-right**6\. How long should I stake my SOL tokens?**[hashtag](https://support.backpack.exchange/wallet/actions/stake-sol#id-6.-how-long-should-i-stake-my-sol-tokens) SOL is typically staked for long periods of time chevron-right7\. What is the difference between native staking and liquid staking on Solana?[hashtag](https://support.backpack.exchange/wallet/actions/stake-sol#id-7.-what-is-the-difference-between-native-staking-and-liquid-staking-on-solana) The key difference between native staking and liquid staking on Solana comes down to liquidity and flexibility: * Native Staking * You delegate SOL directly to a validator. * Your SOL is locked and cannot be used elsewhere until you unstake (which takes 2-3 days). * You earn staking rewards but have no immediate liquidity. * Liquid Staking * You stake SOL through a liquid staking protocol (like Sanctum) * You receive a liquid staking token (e.g. bpSOL) that represents your staked SOL. * This token can be traded, used in DeFi, or swapped back to SOL. [PreviousSell Crypto in Backpack Wallet with MoonPaychevron-left](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay) [NextSOL/ETH Bridgechevron-right](https://support.backpack.exchange/wallet/actions/sol-eth-bridge) Last updated 2 months ago * [How To How To Liquid Stake SOL for bpSOL](https://support.backpack.exchange/wallet/actions/stake-sol#how-to-how-to-liquid-stake-sol-for-bpsol) * [How To Natively Stake SOL](https://support.backpack.exchange/wallet/actions/stake-sol#how-to-natively-stake-sol) * [FAQs about staking SOL with Backpack](https://support.backpack.exchange/wallet/actions/stake-sol#faqs-about-staking-sol-with-backpack) --- # SOL/ETH Bridge | Backpack Exchange Access the Solana <-> Ethereum crypto bridge. Users must create both a Solana and Ethereum wallet in the same Account before the Solana/Ethereum token bridge option will appear. ### [hashtag](https://support.backpack.exchange/wallet/actions/sol-eth-bridge#how-to-bridge-assets-in-backpack-wallet) How to bridge assets in Backpack Wallet: 1. Press the **Swap** button 2. Choose the **token** you want to send 3. Select the token you want to receive menu 4. Select the **Ethereum** tab 5. Choose the token you want to receive 6. Review transaction and Approve [PreviousStake SOLchevron-left](https://support.backpack.exchange/wallet/actions/stake-sol) [NextSecure NFTschevron-right](https://support.backpack.exchange/wallet/actions/secure-nfts) Last updated 2 months ago --- # Sell Crypto in Backpack Wallet with MoonPay | Backpack Exchange Use MoonPay directly inside Backpack wallet to convert supported tokens into cash. ### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#step-by-step) **Step by Step** #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#id-1.-select-cash-button) 1\. Select “Cash” button ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXeVI8GjNKHsWnaLRaA9ZxECMFaHJ_XbFJ0cNpK8OW1-GwemLN28Qe8NLBjPzlTxYmHYRwibn0W8Uh1aU4IPccUl4Pzjo40cP_ZQFzjUrJzUNDJK6mGli-oo1_sUWqBpZF_IKpLe%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=eeb9388&sv=2) * * * #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#id-2.-choose-withdraw-cash) 2\. Choose “Withdraw Cash” ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXeU4nUteRv2Uip0Wo0yL6HFYcAyYCVtlgU-hEKzICFrnUwBJUJINzQiGdde6Z43Wvvcy92a_y7EiW4Dk45G99YsaTrLFB39W5WvNqvCQnYwOngMO-tniu1i91D4znKFa4WQqsrOXQ%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=4df0c897&sv=2) * * * #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#id-3.-select-currency-you-want-to-sell) 3\. Select currency you want to sell ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXefk4LchrPbtpnDifU4F3zFb-irLhYjr9tDO3OVUhn5hNXP3VzSuyM_pMbOvA8EVkbcos0VbEWX2tBW9A9tNBHj65CiWhdgS_lVzhKOBTu4H6DMrWLY_yQrP6iPQ3s0N5OV1s4NKQ%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=cb9be761&sv=2) Note: You will be redirected to MoonPay #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#id-4.-enter-the-amount-you-want-to-sell-and-select-your-currency) 4\. Enter the amount you want to sell and select your currency ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXc8G4LmYqCBkb88VxgF0mqiaGVC_BtRFwU0NW5FiRj1iREHe1vb4hd6MPzDBXaO9qySSdtvcXbm6saynLOxS_xXT4rxTI4xeE2dTiMiswfv7W-ImJ_h2PxEfUrZ6fabzUunEQoJ9w%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=f0d19689&sv=2) * * * #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#id-5.-check-out-with-moonpay-and-agree-terms-of-service-and-click-continue) 5\. Check out with MoonPay and agree Terms of Service and click “Continue” **Note**: When using MoonPay for the first time, you’ll be prompted check out directly through MoonPay’s interface. As part of their compliance requirements, you’ll need to provide personal information and complete the identity verification (KYC) process before your transaction can be processed. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXeTWxPk6zCKD-faEMVduvtp3Wo9iCw5Zwe-8TcqGNr7EL0UodO-aozlWqNOIVYoNKCvj6MmSbWLuuQL3GBTNyXiBT35-QS7cfy8tcvAK50upLnpfmJVnqArQRQLt6dwm7AJn3AP4A%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=30157ee0&sv=2) #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#enter-the-verification-code-sent-to-your-email-address-or-phone-address-and-agree-terms-of-use) Enter the Verification code sent to your email address or phone address and agree Terms of Use ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXcKbIJJvAosz7jrgSpzkxo98_HQednO60S2VgzvVjKiF8omYNISdaP0iJxkhh2kUTpn7L4n-lJnzuyoqMwN9Fw2c49qEQs-JHvfbXnmLtQD8h9kW_sNVkCB6OZaV15zJWUFlW3_wA%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=ecd05537&sv=2) #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#provide-your-personal-information-and-verify-your-identity) Provide your personal information & verify your identity ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXfOqmXEowwhWdoaKIqFY-j2IX4sH8BUh7oKHaUqb0DdIYsX5lKBhUdGlqR3jB2l-pzH-lP-RRE3jJEJXfmTbzlww5rHXv8aVs0JBkrmAkHaSZXFfXOLdiKu3C9WkCrJd2w6sN8NFA%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=3cb44178&sv=2) * * * #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#id-6.-create-your-sell-order-select-or-add-your-withdrawal-method) 6\. Create your sell order, select or add your withdrawal method ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXc2YoHNIrxoy04--Q-oBW1RB51-ygiRYjuDYvSx_vzz2S3BDAdkM2uF26Z9TTNHzedn31cOQ4tR-SXSJ3ei80iNjSTfcVAV3mt-zKa5IdhIUqOvX3NvYLXNHOEsayG5riYSHgQ8aw%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=2716aea2&sv=2) ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252F2jRSCeWvdwQZRfgkvgra%252Fimage.png%3Falt%3Dmedia%26token%3D3a4a87fa-9edd-4f6e-8a74-251f752b568f&width=300&dpr=4&quality=100&sign=aa8d2b12&sv=2) * * * #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#id-7.-click-view-deposit-details-and-complete-deposit-to-moonpay-address-provided) 7\. Click "View deposit details" and complete deposit to MoonPay address provided ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXebb66oVW-boJVFADYLvSP70pBfDJXC3NQcPVuHjrrcAAX_0quEsi8bwZq1N6cTpvhrnH8qo5F91GXb2SWhazqd8PAypX5oISsharqhNH_Dv5q8Im-ay_kzWcoruPBYUpnC5sAW%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=300&dpr=4&quality=100&sign=419748d1&sv=2) ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FQ0t4IirfdFCS5KLQfXaH%252Fimage.png%3Falt%3Dmedia%26token%3D4e0e4b05-cede-4555-8df5-cb1be7c24d69&width=300&dpr=4&quality=100&sign=d3b1ab86&sv=2) #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#send-assets-to-moonpay-and-approve) Send assets to MoonPay and approve ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FL4g15ImUsNWKpX7R8DLB%252Fimage.png%3Falt%3Dmedia%26token%3D5238ec64-9b80-4c98-bdf8-9e8ef311c5ea&width=768&dpr=4&quality=100&sign=22ff0fa2&sv=2) * * * #### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#id-8.-follow-your-order-status) 8\. Follow your order status ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Flh7-rt.googleusercontent.com%2Fdocsz%2FAD_4nXe8GlMV5EcAhFVL6BIq3LuBR5nml4kNaZqOKyHU0r_vYcoqCefKWZ3o1cAmjg-STUIwsY2st2opZ7bZIiio2s4zBRHCayLuDZlxS1qzhzWXItRcNczM7WHoXJodtcxhbUXKmaiH%3Fkey%3DXZPMa1hZFtab0Vfrt-uMPg&width=768&dpr=4&quality=100&sign=567cdf25&sv=2) * * * ### [hashtag](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#need-help-with-a-moonpay-transaction) **Need help with a MoonPay transaction?** **Important:** Backpack does **not** handle your card payment. All billing, settlement, and refunds are processed by **MoonPay**. If you have any questions or issues related to your MoonPay transaction — including payment status, delays, refunds, or verification, we recommend reaching out to their support team directly via: [https://support.moonpay.comarrow-up-right](https://support.moonpay.com/) [PreviousBuy Crypto in Backpack Wallet with MoonPaychevron-left](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/buy-crypto-in-backpack-wallet-with-moonpay) [NextStake SOLchevron-right](https://support.backpack.exchange/wallet/actions/stake-sol) Last updated 2 months ago * [Step by Step](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#step-by-step) * [Need help with a MoonPay transaction?](https://support.backpack.exchange/wallet/actions/how-to-buy-and-sell-crypto-with-moonpay/sell-crypto-in-backpack-wallet-with-moonpay#need-help-with-a-moonpay-transaction) --- # Secure NFTs | Backpack Exchange Collection Locking is a simple function that automatically rejects transaction requests when an NFT is Locked in the Backpack Wallet. Anytime an application tries to modify your NFT, Backpack will imm ‍**It only works when you use Backpack Wallet exclusively.** If you import a Backpack Wallet into another service provider, NFTs will not be locked in that wallet. * * * [hashtag](https://support.backpack.exchange/wallet/actions/secure-nfts#secure-nfts-in-with-collection-locking-in-backpack-wallet) Secure NFTs in with Collection Locking in Backpack Wallet ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1. Navigate to the Collectibles menu 2. Open the NFT collection you wish to secure 3. Toggle on the the lock at top of screen **Note:** It's important to remember that this only locks the NFTs on that specific Wallet deployment. [PreviousSOL/ETH Bridgechevron-left](https://support.backpack.exchange/wallet/actions/sol-eth-bridge) [NextConnect Hardware Walletchevron-right](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet) Last updated 2 months ago --- # Connect Hardware Wallet | Backpack Exchange Backpack Wallet is the only Solana wallet to support three of the world's most trusted cold storage hardware providers: Ledger, Trezor and KeystoneBackpack Wallet is also the only Solana wallet to support 3-of-3 multisig; the most secure method for securing crypto assets.Learn more about multisig crypto protection in Backpack's [**How To Use Backpack Wallet For Multisig Protection.**arrow-up-right](https://app.gitbook.com/o/1pzK7I96ua1kPK2SCiPg/s/3kiM6CAFBZoTCJcZ8X7k/~/changes/510/wallet/actions/multisig) ​​ * * * **Important steps before importing a hardware wallet to Backpack** * Complete hardware device setup * Update hardware device firmware * ‍[Ledger firmwarearrow-up-right](https://www.ledger.com/ledger-live) ​[‍arrow-up-right](https://trezor.io/trezor-suite) ​ * ​[Trezor firmwarearrow-up-right](https://trezor.io/trezor-suite) ​[‍arrow-up-right](https://keyst.one/firmware) ​ * ​[Keystone firmwarearrow-up-right](https://keyst.one/firmware) ‍ * Download the apps needed to support your crypto assets * * * ### [hashtag](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#heres-how-to-connect-and-import-a-cold-storage-hardware-wallet-to-backpack) Here's how to connect and import a cold storage hardware wallet to Backpack. #### [hashtag](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-1.-download-the-backpack-wallet) 1\. Download the Backpack Wallet * ​[Download Backpack Wallet on Androidarrow-up-right](https://play.google.com/store/apps/details?id=app.backpack.mobile) ​ * ​[Download Backpack Wallet on iOSarrow-up-right](https://apps.apple.com/us/app/backpack-crypto-wallet/id6445964121) ​ * ​[Download Backpack Wallet browser extensionarrow-up-right](https://chromewebstore.google.com/detail/backpack/aflkmfhebedbjioipglgcbcmnbpgliof) ​ ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fimages.gitbook.com%2F__img%2Fdpr%3D2%2Cwidth%3D1168%2Conerror%3Dredirect%2Cformat%3Dauto%2Csignature%3D476999425%2Fhttps%253A%252F%252Fcdn.prod.website-files.com%252F669641f210a1019f2d8231fa%252F66a08b80529f0b81b639d230_221b702f-e4b0-4468-bda3-6e3f32fb0647.png&width=768&dpr=4&quality=100&sign=b15adbc9&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-2.-after-creating-an-account-open-the-main-menu-in-backpack-and-select-add-account) 2\. After creating an Account, open the Main Menu in Backpack and select 'Add Account'. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66a08b818b97e26c34e376a2_84bb5eed-568a-4206-bf3d-b3db0a5a382e.png&width=768&dpr=4&quality=100&sign=f2ed7f6d&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-3.-select-import-wallet) 3\. Select 'Import Wallet'. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66a08b809fd902817681c770_b49479b5-488f-4171-b619-0b30bda8f81a.png&width=768&dpr=4&quality=100&sign=f1d3957a&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-4.-select-import-wallet-and-choose-the-appropriate-network) 4\. Select 'Import Wallet' and choose the appropriate network. **Note:** Ledger, Trezor and Keystone each support thousands of crypto tokens and networks. Any choice during this step will allow connection. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66a08b8019ffc49973bb3ff4_62dccfa5-52aa-4af2-a399-d30300800380.png&width=768&dpr=4&quality=100&sign=a7c86bf0&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-5.-select-use-a-hardware-wallet) 5\. Select 'Use a hardware wallet'. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66a08b80f49b5b79bc036452_1aa09262-3483-4d2b-98db-00e731dc979e.png&width=768&dpr=4&quality=100&sign=197b5288&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-6.-select-the-appropriate-hardware-wallet-and-approve-connection-requests) 6\. Select the appropriate hardware wallet and approve connection requests. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66a08b8023f8ae1d3d8c9572_0b6aa412-890c-4992-a452-0a42596a6432.png&width=768&dpr=4&quality=100&sign=7d708112&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-7.-choose-the-appropriate-funded-address-es-and-select-import-wallet) 7\. Choose the appropriate Funded Address(es) and select 'Import Wallet'. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66a08b80c03d42115356fa0e_35b5f20f-5b6f-4081-8ec2-552eba7a19b4.png&width=768&dpr=4&quality=100&sign=e857dc0f&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-8.-open-backpack-wallet-and-access-your-hardware-wallet-account) 8\. Open Backpack Wallet and access your hardware wallet account. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66a08b80d7e1771ff40a84ad_ea2de9a5-a6cc-410d-ac8e-5bb1f0ef6754.png&width=768&dpr=4&quality=100&sign=b465d23&sv=2) [PreviousSecure NFTschevron-left](https://support.backpack.exchange/wallet/actions/secure-nfts) [NextMultisigchevron-right](https://support.backpack.exchange/wallet/actions/multisig) Last updated 2 months ago * [Here's how to connect and import a cold storage hardware wallet to Backpack.](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#heres-how-to-connect-and-import-a-cold-storage-hardware-wallet-to-backpack) * [2\. After creating an Account, open the Main Menu in Backpack and select 'Add Account'.](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-2.-after-creating-an-account-open-the-main-menu-in-backpack-and-select-add-account) * [3\. Select 'Import Wallet'.](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-3.-select-import-wallet) * [4\. Select 'Import Wallet' and choose the appropriate network.](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-4.-select-import-wallet-and-choose-the-appropriate-network) * [5\. Select 'Use a hardware wallet'.](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-5.-select-use-a-hardware-wallet) * [6\. Select the appropriate hardware wallet and approve connection requests.](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-6.-select-the-appropriate-hardware-wallet-and-approve-connection-requests) * [7\. Choose the appropriate Funded Address(es) and select 'Import Wallet'.](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-7.-choose-the-appropriate-funded-address-es-and-select-import-wallet) * [8\. Open Backpack Wallet and access your hardware wallet account.](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet#id-8.-open-backpack-wallet-and-access-your-hardware-wallet-account) --- # Multisig | Backpack Exchange Import your cold storage hardware wallets into Backpack and then connect Backpack to a multisig creation platform. * * * ### [hashtag](https://support.backpack.exchange/wallet/actions/multisig#heres-the-step-by-step) **Here’s the step-by-step.** ### [hashtag](https://support.backpack.exchange/wallet/actions/multisig#id-1.-import-your-cold-storage-hardware-wallet-s-to-backpack) **1\. Import your cold storage hardware wallet(s) to Backpack.** * Open the Settings menu and select 'Add Account' * Select 'Import Wallet' and choose the appropriate network * Select 'Use a hardware wallet' and choose 'Use a Keystone wallet' * Follow directions on device to approve connection * Proceed with wallet setup instructions ### [hashtag](https://support.backpack.exchange/wallet/actions/multisig#id-2.-visit-a-reputable-multisig-wallet-platform-that-has-integrated-backpack-wallet-and-initiate-the-s) **2\. Visit a reputable multisig wallet platform that has integrated Backpack Wallet and initiate the setup process.** * [Squads (Solana) (Recommended)arrow-up-right](https://squads.so/) * [Realms (Solana)arrow-up-right](https://app.realms.today/realms/new) * [Safe (Ethereum)arrow-up-right](https://safe.global/) ### [hashtag](https://support.backpack.exchange/wallet/actions/multisig#id-3.-utilize-backpack-wallet-as-the-interface-to-manage-signatures-and-transactions) **3\. Utilize Backpack Wallet as the interface to manage signatures and transactions.** **Note:** You will sign transactions on your cold storage hardware device using Backpack Wallet as the connection point. [PreviousConnect Hardware Walletchevron-left](https://support.backpack.exchange/wallet/actions/connect-hardware-wallet) [NextAdd Developer Testnetschevron-right](https://support.backpack.exchange/wallet/actions/add-developer-testnets) Last updated 2 months ago * [Here’s the step-by-step.](https://support.backpack.exchange/wallet/actions/multisig#heres-the-step-by-step) * [1\. Import your cold storage hardware wallet(s) to Backpack.](https://support.backpack.exchange/wallet/actions/multisig#id-1.-import-your-cold-storage-hardware-wallet-s-to-backpack) * [2\. Visit a reputable multisig wallet platform that has integrated Backpack Wallet and initiate the setup process.](https://support.backpack.exchange/wallet/actions/multisig#id-2.-visit-a-reputable-multisig-wallet-platform-that-has-integrated-backpack-wallet-and-initiate-the-s) * [3\. Utilize Backpack Wallet as the interface to manage signatures and transactions.](https://support.backpack.exchange/wallet/actions/multisig#id-3.-utilize-backpack-wallet-as-the-interface-to-manage-signatures-and-transactions) --- # Add Developer Testnets | Backpack Exchange ### [hashtag](https://support.backpack.exchange/wallet/actions/add-developer-testnets#how-to-add-developer-testnets-with-backpack-wallet) How to add developer testnets with Backpack Wallet 1. Enable Developer Mode in the Settings menu (located in Preferences submenu) 2. Open the Wallet menu at top of app 3. Select the drop down menu network selector 4. Choose 'Add Network' and pick the appropriate network [PreviousMultisigchevron-left](https://support.backpack.exchange/wallet/actions/multisig) [NextCollaboration Application Formchevron-right](https://support.backpack.exchange/wallet/actions/collaboration-application-form) Last updated 2 months ago --- # Troubleshoot | Backpack Exchange [Hide Spam NFTschevron-right](https://support.backpack.exchange/wallet/troubleshoot/hide-spam-nfts) [Hide Tokenschevron-right](https://support.backpack.exchange/wallet/troubleshoot/hide-tokens) [Wallet Not Loadingchevron-right](https://support.backpack.exchange/wallet/troubleshoot/wallet-not-loading) [View Secret Recovery Phrases and Private Keyschevron-right](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys) [PreviousCollaboration Application Formchevron-left](https://support.backpack.exchange/wallet/actions/collaboration-application-form) [NextHide Spam NFTschevron-right](https://support.backpack.exchange/wallet/troubleshoot/hide-spam-nfts) --- # Wallet Not Loading | Backpack Exchange ### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/wallet-not-loading#extension) Extension 1. Verify that the extension is updated to the most recent version. ‍ 2. Turn the extension on and off in the browser extension menu. If those actions do not solve issue then you may need to reinstall the extension. ‍ **Note: Ensure that your Seed Phrase or Private Keys are saved and available before trying to reinstall and import your wallets.** * * * ### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/wallet-not-loading#mobile) Mobile 1. Verify that the app is updated to the most recent version. 2. Force close the app and re-open. Repeat this multiple times if needed. If those actions do not solve issue then you may need to reinstall the app. ‍ **Note: Ensure that your Seed Phrase or Private Keys are saved and available before trying to reinstall and import your wallets.** [PreviousHide Tokenschevron-left](https://support.backpack.exchange/wallet/troubleshoot/hide-tokens) [NextView Secret Recovery Phrases and Private Keyschevron-right](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys) Last updated 2 months ago * [Extension](https://support.backpack.exchange/wallet/troubleshoot/wallet-not-loading#extension) * [Mobile](https://support.backpack.exchange/wallet/troubleshoot/wallet-not-loading#mobile) --- # Hide Tokens | Backpack Exchange [hashtag](https://support.backpack.exchange/wallet/troubleshoot/hide-tokens#hide-spam-tokens) Hide spam tokens ------------------------------------------------------------------------------------------------------------------- Solana is known for it's low cost transactions, high speeds and with the advent of cNFTs (compressed NFTs) - receiving spam NFTs. * * * ### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/hide-tokens#id-1-scroll-to-the-bottom-of-the-tokens-page) 1) Scroll to the bottom of the Tokens page ### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/hide-tokens#id-2-select-manage-token-display) 2) Select 'Manage token display' ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66e0baf7e925107b2075a511_66e0bad9e925107b207581b3_hide_spam_tokens_backpack_wallet.png&width=768&dpr=4&quality=100&sign=253bcaa9&sv=2) ### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/hide-tokens#id-3-hide-spam-tokens-with-toggles) 3) Hide spam tokens with toggles ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66e0baf7e925107b2075a514_66e0bae8fea7c4038d082877_hide_spam_tokens_backpack_wallet2.png&width=768&dpr=4&quality=100&sign=3a595f4c&sv=2) [PreviousHide Spam NFTschevron-left](https://support.backpack.exchange/wallet/troubleshoot/hide-spam-nfts) [NextWallet Not Loadingchevron-right](https://support.backpack.exchange/wallet/troubleshoot/wallet-not-loading) Last updated 2 months ago * [Hide spam tokens](https://support.backpack.exchange/wallet/troubleshoot/hide-tokens#hide-spam-tokens) * [1) Scroll to the bottom of the Tokens page](https://support.backpack.exchange/wallet/troubleshoot/hide-tokens#id-1-scroll-to-the-bottom-of-the-tokens-page) * [2) Select 'Manage token display'](https://support.backpack.exchange/wallet/troubleshoot/hide-tokens#id-2-select-manage-token-display) * [3) Hide spam tokens with toggles](https://support.backpack.exchange/wallet/troubleshoot/hide-tokens#id-3-hide-spam-tokens-with-toggles) --- # Collaboration Application Form | Backpack Exchange Apply to collaborate or integrate your project with Backpack Wallet. Learn about the benefits, criteria, and how to submit your application. ### [hashtag](https://support.backpack.exchange/wallet/actions/collaboration-application-form#why-collaborate-with-backpack-wallet) Why Collaborate with Backpack Wallet? * **Expand Your Reach:** Engage directly with the active and growing Backpack Wallet community, connecting your project to dedicated crypto enthusiasts. * **Innovative Integrations:** Seamlessly integrate your project's functionality, offering users enhanced utility and experiences. * **Build Trust:** Partnering with Backpack Wallet demonstrates credibility and positions your project as a trusted solution in the crypto ecosystem. Learn more about our community and vision on the [Aboutarrow-up-right](https://learn.backpack.exchange/about) page. * * * ### [hashtag](https://support.backpack.exchange/wallet/actions/collaboration-application-form#how-to-submit-your-application) How to Submit Your Application 1. **Complete the Application Form:** Clearly outline your project's goals, unique aspects, and relevant documentation. 2. **Await Follow-up:** After submission, our team will reach out for any additional details or clarifications needed. * * * ### [hashtag](https://support.backpack.exchange/wallet/actions/collaboration-application-form#apply-now) Apply Now Ready to integrate or collaborate and accelerate your project's growth with Backpack Wallet? Complete the application form below, and our team will get back to you soon. * * * ### [hashtag](https://support.backpack.exchange/wallet/actions/collaboration-application-form#collaboration-and-integration-application-form) Collaboration & Integration Application Form [![Logo](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fairtable.com%2Fimages%2Ffavicon%2Fbaymax%2Fapple-touch-icon.png&width=20&dpr=4&quality=100&sign=97c1deca&sv=2)Airtable | Everyone's app platformAirtablechevron-right](https://airtable.com/appzUl7DuSHXwdOIh/pag882i6yBlVVLerW/form) [PreviousAdd Developer Testnetschevron-left](https://support.backpack.exchange/wallet/actions/add-developer-testnets) [NextTroubleshootchevron-right](https://support.backpack.exchange/wallet/troubleshoot) Last updated 2 months ago * [Why Collaborate with Backpack Wallet?](https://support.backpack.exchange/wallet/actions/collaboration-application-form#why-collaborate-with-backpack-wallet) * [How to Submit Your Application](https://support.backpack.exchange/wallet/actions/collaboration-application-form#how-to-submit-your-application) * [Apply Now](https://support.backpack.exchange/wallet/actions/collaboration-application-form#apply-now) * [Collaboration & Integration Application Form](https://support.backpack.exchange/wallet/actions/collaboration-application-form#collaboration-and-integration-application-form) --- # View Secret Recovery Phrases and Private Keys | Backpack Exchange Backpack recommends recording all Secret Recovery Phrases and saving them in a secure location. This is the only way to recover your account if you lose access to your devices or password. **Warning: DO NOT SHARE your Secret Recovery Phrase with anyone. Backpack Support or staff will never ask you for your Secret Recovery Phrase.** * * * [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#secret-recovery-phrase-mobile-app) Secret Recovery Phrase (Mobile App) ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-1-navigate-to-settings-and-open-the-security-menu) 1) Navigate to Settings and open the 'Security' menu ### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-2-choose-show-secret-recovery-phrase) 2) Choose 'Show Secret Recovery Phrase' Keep your Secret Recovery Phrase private, never share with anyone. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F678202e9c01489edbc1e1619_678202c9c01489edbc1df4eb_view_secret_recovery_phrase_backpack_wallet6.jpeg&width=768&dpr=4&quality=100&sign=7d7dd60c&sv=2) * * * [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#secret-recovery-phrase-extension) Secret Recovery Phrase (Extension) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-1-navigate-to-your-account-in-the-settings-menu) 1) Navigate to Your Account in the Settings menu ### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-2-select-show-secret-recovery-phrase) 2) Select 'Show Secret Recovery Phrase' ### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-3-enter-your-password-and-choose-show-secrets) 3) Enter your password and choose 'Show secrets' Keep your Secret Recovery Phrase private, never share with anyone. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F678202e9c01489edbc1e1636_678201e65bc993e062e23f3c_view_secret_recovery_phrase_backpack_wallet4.jpeg&width=768&dpr=4&quality=100&sign=77b31fb0&sv=2) * * * [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#private-keys-mobile-app) Private Keys (Mobile App) --------------------------------------------------------------------------------------------------------------------------------------------------------------------- #### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-1-navigate-to-the-network-selector-menu) 1) Navigate to the Network selector menu #### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-2-open-the-wallet-menu) 2) Open the wallet menu ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F678622eb11b3c8f98d3764d4_678621fe9bb8b657a6ff801d_private_keys_export_backpack_wallet3.png&width=768&dpr=4&quality=100&sign=9fd59f0f&sv=2) #### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-3-choose-show-private-key.-select-show-private-key) 3) Choose 'Show Private Key'. Select 'Show Private Key'. Keep your Private Keys private, never share with anyone. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F678622eb11b3c8f98d3764ca_6786220668a1896404fe194c_private_keys_export_backpack_wallet4.png&width=768&dpr=4&quality=100&sign=3c1894a&sv=2) * * * [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#private-keys-extension) Private Keys (Extension) ------------------------------------------------------------------------------------------------------------------------------------------------------------------- #### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-1-navigate-to-the-network-selector-menu-1) 1) Navigate to the Network selector menu #### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-2-open-the-wallet-menu-1) 2) Open the wallet menu ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F678619dac53b4a7808cd6e7b_6786177a27a4957a79299917_private_keys_export_backpack_wallet.png&width=768&dpr=4&quality=100&sign=15921f05&sv=2) #### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-3-choose-show-private-key.-enter-your-password-and-select-show-secrets) 3) Choose 'Show Private Key'. Enter your password and select 'Show secrets'. Keep your Private Keys private, never share with anyone. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F678619dac53b4a7808cd6e75_678618d13a513ea432f0bcb2_private_keys_export_backpack_wallet2.png&width=768&dpr=4&quality=100&sign=b46b18aa&sv=2) [PreviousWallet Not Loadingchevron-left](https://support.backpack.exchange/wallet/troubleshoot/wallet-not-loading) [NextTechnical Docschevron-right](https://support.backpack.exchange/wallet/technical-docs) Last updated 2 months ago * [Secret Recovery Phrase (Mobile App)](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#secret-recovery-phrase-mobile-app) * [1) Navigate to Settings and open the 'Security' menu](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-1-navigate-to-settings-and-open-the-security-menu) * [2) Choose 'Show Secret Recovery Phrase'](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-2-choose-show-secret-recovery-phrase) * [Secret Recovery Phrase (Extension)](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#secret-recovery-phrase-extension) * [1) Navigate to Your Account in the Settings menu](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-1-navigate-to-your-account-in-the-settings-menu) * [2) Select 'Show Secret Recovery Phrase'](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-2-select-show-secret-recovery-phrase) * [3) Enter your password and choose 'Show secrets'](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#id-3-enter-your-password-and-choose-show-secrets) * [Private Keys (Mobile App)](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#private-keys-mobile-app) * [Private Keys (Extension)](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys#private-keys-extension) --- # Technical Docs | Backpack Exchange [Localhost RPC Endpointschevron-right](https://support.backpack.exchange/wallet/technical-docs/localhost-rpc-endpoints) [Deeplinkschevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks) [PreviousView Secret Recovery Phrases and Private Keyschevron-left](https://support.backpack.exchange/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys) [NextLocalhost RPC Endpointschevron-right](https://support.backpack.exchange/wallet/technical-docs/localhost-rpc-endpoints) Last updated 9 months ago --- # Hide Spam NFTs | Backpack Exchange * * * ### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/hide-spam-nfts#id-1-select-the-hide-some-toggle-at-the-bottom-of-the-collectibles-tab) 1) Select the "Hide Some" toggle at the bottom of the Collectibles tab. ### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/hide-spam-nfts#id-2-burn-individual-nfts-inside-of-the-backpack-wallet-using-integrated-burn-function-located-in-top-r) 2) Burn individual NFTs inside of the Backpack Wallet using integrated Burn function located in top right corner of individual NFT view. * **Note: The integrated Burn function within the Backpack Wallet only works for traditional Solana NFTs, cNFTs are not burnable.** ### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/hide-spam-nfts#id-3-burn-nfts-using-the-sol-incinerator-tool) 3) Burn NFTs using the [**Sol-Incinerator tool**arrow-up-right](https://sol-incinerator.com/) . * **Note: Sol-Incinerator is a third party tool which Backpack is not partnered with.** ### [hashtag](https://support.backpack.exchange/wallet/troubleshoot/hide-spam-nfts#id-4-send-the-nfts-to-a-burner-wallet.-you-can-easily-create-new-wallets-in-your-backpack-account-to-he) 4) Send the NFTs to a "burner" wallet. You can easily create new wallets in your Backpack account to help manage this. [PreviousTroubleshootchevron-left](https://support.backpack.exchange/wallet/troubleshoot) [NextHide Tokenschevron-right](https://support.backpack.exchange/wallet/troubleshoot/hide-tokens) Last updated 2 months ago * [1) Select the "Hide Some" toggle at the bottom of the Collectibles tab.](https://support.backpack.exchange/wallet/troubleshoot/hide-spam-nfts#id-1-select-the-hide-some-toggle-at-the-bottom-of-the-collectibles-tab) * [2) Burn individual NFTs inside of the Backpack Wallet using integrated Burn function located in top right corner of individual NFT view.](https://support.backpack.exchange/wallet/troubleshoot/hide-spam-nfts#id-2-burn-individual-nfts-inside-of-the-backpack-wallet-using-integrated-burn-function-located-in-top-r) * [3) Burn NFTs using the Sol-Incinerator tool.](https://support.backpack.exchange/wallet/troubleshoot/hide-spam-nfts#id-3-burn-nfts-using-the-sol-incinerator-tool) * [4) Send the NFTs to a "burner" wallet. You can easily create new wallets in your Backpack account to help manage this.](https://support.backpack.exchange/wallet/troubleshoot/hide-spam-nfts#id-4-send-the-nfts-to-a-burner-wallet.-you-can-easily-create-new-wallets-in-your-backpack-account-to-he) --- # Localhost RPC Endpoints | Backpack Exchange [hashtag](https://support.backpack.exchange/wallet/technical-docs/localhost-rpc-endpoints#using-localhost-rpc-endpoints-in-backpack) Using `localhost` RPC Endpoints in Backpack ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- > This is intended to be a non-technical explanation for why the usage of `http://localhost:XXXX` or `http://127.0.0.1:XXXX` as a custom RPC endpoint within Backpack (and some other wallets) does not work. ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/localhost-rpc-endpoints#background) Background When engineers want to test or develop against on-chain data or programs from within an isolated environment, running an RPC on `localhost` is often the choice. This works until peripheral systems and applications that are _not_ local, also need to connect or send requests to this `localhost` runtime. ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/localhost-rpc-endpoints#problem) Problem Using the addresses `localhost` and `127.0.0.1` from a networking perspective are like referring to yourself (i.e. using the words `me` or `I`). Backpack, along with some other mainstream wallets, read the asset holdings of your addresses/wallets from remote servers and APIs that do not live or execute in the client. When you log into Backpack, the mobile or web application makes a request to a remote server asking for information about your wallet: balances, transaction history, NFT holdings, etc. When you set a custom RPC endpoint within the Backpack wallet application, it is used as a stand-in for the defaults that are pre-configured in a couple of different places: 1. Transaction serialization and sending 2. Health checks 3. Blockchain/network metadata retrieval 4. _**Telling the Backpack API to read data directly from on-chain instead of from other faster data sources**_ Setting a `localhost` RPC can affect the first three in different ways, but #4 is important. Since the Backpack API is a remote server, when its told to fetch on-chain data from an RPC endpoint at `http://localhost:XXXX`, what it thinks is: > "There is a blockchain RPC node that _I am running_ and I should send it requests." This is obviously not correct, because to the server, `localhost` isn't a user's laptop running the RPC node potentially in a different country. Instead, the custom RPC should always be set to a publicly accessible endpoint that doesn't reference any local or internal system networks or reserved names. So how do I use my test RPC that _is_ running on `localhost`? ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/localhost-rpc-endpoints#workaround) Workaround The key point is that the endpoint of the custom RPC needs to be _publicly accessible_. There are lots of tools and applications out there that allow you to tunnel your applications running on `localhost` into the public space (a few examples): * [ngrokarrow-up-right](https://ngrok.com/) (preferred) * [localtunnelarrow-up-right](https://theboroer.github.io/localtunnel-www/) * [serveoarrow-up-right](https://serveo.net/) ...and lots of others. These applications allow you to choose a port on your local internal network and expose it to the public internet via local tunneling with ephemeral public domain names that are reachable from external networks. Using `ngrok`, all you need to do after creating and verifying an account is running the following command to setup a local tunnel for your RPC endpoint which you can these set the custom RPC endpoint in the wallet for: ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/localhost-rpc-endpoints#why-do-some-dapps-work-without-this) Why do some dApps work without this? These are some cases where, even without a `localhost` tunnel, setting the custom RPC endpoint to `localhost` may still work. This is purely dependent on the implementation of dApps that you are connected to. If the website of dApp is programmed to run on-chain queries directly from the client code, then it will likely still work because the network requests to the RPC are actually being made from code that is executing in your browser, and thus within the same network space as your `localhost` RPC. That is the one exception to need for local tunneling. [PreviousTechnical Docschevron-left](https://support.backpack.exchange/wallet/technical-docs) [NextDeeplinkschevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks) Last updated 6 months ago * [Using localhost RPC Endpoints in Backpack](https://support.backpack.exchange/wallet/technical-docs/localhost-rpc-endpoints#using-localhost-rpc-endpoints-in-backpack) * [Background](https://support.backpack.exchange/wallet/technical-docs/localhost-rpc-endpoints#background) * [Problem](https://support.backpack.exchange/wallet/technical-docs/localhost-rpc-endpoints#problem) * [Workaround](https://support.backpack.exchange/wallet/technical-docs/localhost-rpc-endpoints#workaround) * [Why do some dApps work without this?](https://support.backpack.exchange/wallet/technical-docs/localhost-rpc-endpoints#why-do-some-dapps-work-without-this) Copy $ ngrok http 8080 # whichever port number you want --- # Deeplinks | Backpack Exchange Backpack allows for iOS and Android apps to natively interact with it using either universal links **(recommended)** or deeplinks. circle-info These workflows are collectively known as "deeplinks." All [Provider Methods](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods) follow a protocol format of: Copy https://backpack.app/ul// [PreviousLocalhost RPC Endpointschevron-left](https://support.backpack.exchange/wallet/technical-docs/localhost-rpc-endpoints) [NextProvider Methodschevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods) Last updated 9 months ago --- # Provider Methods | Backpack Exchange [Connectchevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect) [Disconnectchevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/disconnect) [SignAndSendTransactionchevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction) [SignAllTransactionschevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signalltransactions) [SignTransactionchevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signtransaction) [SignMessagechevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signmessage) [PreviousDeeplinkschevron-left](https://support.backpack.exchange/wallet/technical-docs/deeplinks) [NextConnectchevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect) Last updated 9 months ago --- # Connect | Backpack Exchange Before an app can interact with Backpack, it must first establish a connection. This connection request prompts the user to share their public key, signaling their consent to proceed. Once the user connects, Backpack provides a session parameter that should be used for all subsequent methods. circle-info Please see [Handling Sessions](https://support.backpack.exchange/wallet/technical-docs/deeplinks/handling-sessions) for more information on sessions. [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect#base-url) Base URL ---------------------------------------------------------------------------------------------------------------------------- Copy https://backpack.app/ul/v1/connect [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect#query-string-parameters) Query String Parameters ---------------------------------------------------------------------------------------------------------------------------------------------------------- * `app_url` (required): A URL that provides app metadata (e.g., title, icon). It must be URL-encoded. * `dapp_encryption_public_key` (required): A public key for end-to-end encryption, used to generate a shared secret. Refer to the [Encryption](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption) section for details on how Backpack manages shared secrets. * `redirect_link` (required): The URI where Backpack should redirect the user upon connection. See [Specifying Redirects](https://support.backpack.exchange/wallet/technical-docs/deeplinks/specifying-redirects) for more details. Must be URL-encoded. * `cluster` (optional): Specifies the network for subsequent interactions. To connect to Solana mainnet, leave the parameter unset or set it to `mainnet-beta`. To connect to Eclipse, set the parameter to `solana:EAQLJCV2mh23BsK2P9oYpV5CHVLDNHTxY`. [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect#returns) Returns -------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect#approve) Approve * `wallet_xxx`: A base58-encoded encryption public key used by Backpack to build a shared secret between the connecting app and Backpack. * `nonce`: A nonce encoded in base58 that is used to encrypt the response. * `data`: JSON string that has been encrypted. Learn how apps can decrypt data using a shared secret in [Encryption](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption) . Base58 is used to encode encrypted bytes. Copy // content of decrypted `data`-parameter { // base58 encoding of user public key "public_key": "3huUrtWW5s5ew98eUFRYz9LPsDUQTujNzzYaB9DBkppQ", // session token for subsequent signatures and messages // apps should send this with any other deeplinks after connect "session": "..." } * `public_key`: The user's public key, represented as a base58-encoded string. * `session`: A string encoded in base58. This should be treated as opaque by the connecting app, as it only needs to be passed alongside other parameters. Sessions do not expire. For more information on sessions, please review [Handling Sessions](https://support.backpack.exchange/wallet/technical-docs/deeplinks/handling-sessions) . ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect#reject) Reject An `errorCode` and `errorMessage` as query parameters. Please refer to [Errors](https://support.backpack.exchange/wallet/technical-docs/deeplinks/limitations#errors) for a full list of possible error codes. [PreviousProvider Methodschevron-left](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods) [NextDisconnectchevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/disconnect) Last updated 9 months ago * [Base URL](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect#base-url) * [Query String Parameters](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect#query-string-parameters) * [Returns](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect#returns) * [Approve](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect#approve) * [Reject](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect#reject) --- # Disconnect | Backpack Exchange After the initial [Connect](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect) event, an app may disconnect from Backpack at any time. When Backpack is disconnected, it will reject all signature requests until a new connection is established. [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/disconnect#base-url) Base URL ------------------------------------------------------------------------------------------------------------------------------- Copy https://backpack.app/ul/v1/disconnect [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/disconnect#query-string-parameters) Query String Parameters ------------------------------------------------------------------------------------------------------------------------------------------------------------- * `dapp_encryption_public_key` **(required)**: The app's original encryption public key for an existing Connect session. * `nonce` **(required)**: A base58-encoded nonce is used to encrypt the request. * `redirect_link` **(required)**: Backpack should redirect the user to this URI after completion. For more information, please see [Specifying Redirects](https://support.backpack.exchange/wallet/technical-docs/deeplinks/specifying-redirects) . URL-encoded. * `payload` **(required)**: An encrypted JSON string with the following fields: Copy Copy { "session": "...", // token received from the connect method } * `session` **(required)**: The session token received from the Connect method. Please see [Handling Sessions](https://support.backpack.exchange/wallet/technical-docs/deeplinks/handling-sessions) for more details. [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/disconnect#returns) Returns ----------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/disconnect#approve) Approve No query params are returned. ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/disconnect#reject) Reject An `errorCode` and `errorMessage` as query parameters. Please see [Errors](https://support.backpack.exchange/wallet/technical-docs/deeplinks/limitations#errors) for a complete list of possible error codes. [PreviousConnectchevron-left](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect) [NextSignAndSendTransactionchevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction) Last updated 9 months ago * [Base URL](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/disconnect#base-url) * [Query String Parameters](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/disconnect#query-string-parameters) * [Returns](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/disconnect#returns) * [Approve](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/disconnect#approve) * [Reject](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/disconnect#reject) Copy { "errorCode": "...", "errorMessage": "..." } --- # SignAndSendTransaction | Backpack Exchange Once connected to Backpack, an application can ask the user for permission to send transactions on their behalf. In order to send a transaction, an application must: 1\. Create an unsigned transaction. 2\. Have the transaction be signed and submitted to the network by the user's Backpack wallet. 3\. Optionally await network confirmation using a Solana JSON RPC connection. circle-info For more information about the nature of Solana transactions, please review the [`solana-web3.js` docsarrow-up-right](https://solana-labs.github.io/solana-web3.js/) , as well as the [Solana Cookbookarrow-up-right](https://solanacookbook.com/core-concepts/transactions.html#transactions) . [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction#base-url) Base URL ------------------------------------------------------------------------------------------------------------------------------------------- Copy https://backpack.app/ul/v1/signAndSendTransaction [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction#query-string-parameters) Query String Parameters ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- * `dapp_encryption_public_key` **(required)**: The original encryption public key used from the app for an existing [Connect](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect) session. * `nonce` **(required)**: A nonce used for encrypting the request, encoded in base58. * `redirect_link` **(required)**: The URI where Backpack should redirect the user upon completion. Please review [Specifying Redirects](https://support.backpack.exchange/wallet/technical-docs/deeplinks/specifying-redirects) for more details. URL-encoded. * `payload` **(required)**: An encrypted JSON string with the following fields: Copy { "transaction": "...", // serialized transaction, base58-encoded "sendOptions": "..." // an optional Solana web3.js sendOptions object "session": "...", // token received from the connect method } * `transaction` **(required)**: The [transactionarrow-up-right](https://solana-labs.github.io/solana-web3.js/classes/Transaction.html) Backpack will sign and submit is serialized and encoded in base58. * `sendOptions` (optional): An optional object that specifies options for how Backpack should submit the transaction. This object is [defined in Solana web3.jsarrow-up-right](https://solana-labs.github.io/solana-web3.js/modules.html#SendOptions) . * `session` **(required)**: The session token received from the [Connect](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect) method. Please see [Handling Sessions](https://support.backpack.exchange/wallet/technical-docs/deeplinks/handling-sessions) for more details. [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction#returns) Returns ----------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction#approve) Approve * `nonce`: A nonce used for encrypting the response, encoded in base58. * `data`: An encrypted JSON string. Refer to [Encryption](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption) to learn how apps can decrypt `data` using a shared secret. Encrypted bytes are encoded in base58. * `signature`: The first signature in the transaction can be used as its [transaction idarrow-up-right](https://docs.solana.com/terminology#transaction-id) . ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction#reject) Reject An `errorCode` and `errorMessage` as query parameters. Please refer to [Errors](https://support.backpack.exchange/wallet/technical-docs/deeplinks/limitations#errors) for a full list of possible error codes. [PreviousDisconnectchevron-left](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/disconnect) [NextSignAllTransactionschevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signalltransactions) Last updated 9 months ago * [Base URL](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction#base-url) * [Query String Parameters](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction#query-string-parameters) * [Returns](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction#returns) * [Approve](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction#approve) * [Reject](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction#reject) Copy // content of decrypted `data`-parameter { "signature": "..." // transaction-signature } Copy { "errorCode": "...", "errorMessage": "..." } --- # SignAllTransactions | Backpack Exchange Once an app is connected, it is also possible to sign multiple transactions at once. Unlike [SignAndSendTransaction](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction) , Backpack will not submit these transactions to the network. Applications can submit signed transactions using the [web3.jsarrow-up-right](https://solana-labs.github.io/solana-web3.js/classes/Connection.html#sendRawTransaction) `sendRawTransaction`. [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signalltransactions#base-url) Base URL ---------------------------------------------------------------------------------------------------------------------------------------- Copy https://backpack.app/ul/v1/signAllTransactions [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signalltransactions#query-string-parameters) Query String Parameters ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- * `dapp_encryption_public_key` **(required)**: The original encryption public key used from the app side for an existing [Connect](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect) session. * `nonce` **(required)**: A nonce used for encrypting the request, encoded in base58. * `redirect_link` **(required)**: The URI where Backpack should redirect the user upon completion. Please review [Specifying Redirects](https://support.backpack.exchange/wallet/technical-docs/deeplinks/specifying-redirects) for more details. URL-encoded. * `payload` **(required)**: An encrypted JSON string with the following fields: Copy { "transactions": [\ "...", // serialized transaction, bs58-encoded\ "...", // serialized transaction, bs58-encoded\ ], "session": "...", // token received from connect-method } * `transactions` **(required)**: A serialized array of [transactionsarrow-up-right](https://solana-labs.github.io/solana-web3.js/classes/Transaction.html) , encoded in base58, that Backpack will sign. * `session` **(required)**: The session token received from the [Connect](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect) method. Please see [Handling Sessions](https://support.backpack.exchange/wallet/technical-docs/deeplinks/handling-sessions) for more details. [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signalltransactions#returns) Returns -------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signalltransactions#approve) Approve * `nonce`: A nonce used for encrypting the response, encoded in base58. * `data`: An encrypted JSON string. Refer to [Encryption](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption) to learn how apps can decrypt `data` using a shared secret. Encrypted bytes are encoded in base58. * `transactions`: An array of signed, serialized transactions that are base58 encoded. Backpack will not submit these transactions. Applications can submit these transactions themselves via the [web3.jsarrow-up-right](https://solana-labs.github.io/solana-web3.js/classes/Connection.html#sendRawTransaction) `sendRawTransaction`. ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signalltransactions#reject) Reject An `errorCode` and `errorMessage` as query parameters. Please refer to [Errors](https://support.backpack.exchange/wallet/technical-docs/deeplinks/limitations#errors) for a full list of possible error codes. [PreviousSignAndSendTransactionchevron-left](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction) [NextSignTransactionchevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signtransaction) Last updated 9 months ago * [Base URL](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signalltransactions#base-url) * [Query String Parameters](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signalltransactions#query-string-parameters) * [Returns](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signalltransactions#returns) * [Approve](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signalltransactions#approve) * [Reject](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signalltransactions#reject) Copy // content of decrypted `data`-parameter { transactions: [\ "...", // signed serialized transaction, bs58-encoded\ "...", // signed serialized transaction, bs58-encoded\ ] } Copy { "errorCode": "...", "errorMessage": "..." } --- # SignTransaction | Backpack Exchange [SignAndSendTransaction](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction) is the simplest and most recommended method for sending a transaction. Backpack submits the transaction immediately after signing so it is safer for users and a simpler API for developers, rather than relying on the application to do so. However, it is also possible for an app to request just the signature from Backpack. Once signed, an app can submit the transaction itself using the [web3.jsarrow-up-right](https://solana-labs.github.io/solana-web3.js/classes/Connection.html#sendRawTransaction) `sendRawTransaction`. [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signtransaction#base-url) Base URL ------------------------------------------------------------------------------------------------------------------------------------ Copy https://backpack.app/ul/v1/signTransaction [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signtransaction#query-string-parameters) Query String Parameters ------------------------------------------------------------------------------------------------------------------------------------------------------------------ * `dapp_encryption_public_key` **(required)**: The original encryption public key used from the app side for an existing [Connect](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect) session. * `nonce` **(required)**: A nonce used for encrypting the request, encoded in base58. * `redirect_link` **(required)**: The URI where Backpack should redirect the user upon completion. Please review [Specifying Redirects](https://support.backpack.exchange/wallet/technical-docs/deeplinks/specifying-redirects) for more details. URL-encoded. * `payload` **(required)**: An encrypted JSON string with the following fields: Copy { "transaction": "...", // serialized transaction, base58 encoded "session": "...", // token received from connect-method } * `transaction` **(required)**: The [transactionarrow-up-right](https://solana-labs.github.io/solana-web3.js/classes/Transaction.html) that Backpack will sign is serialized and encoded in base58. * `session` **(required)**: The session token received from the [Connect](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect) method. Please see [Handling Sessions](https://support.backpack.exchange/wallet/technical-docs/deeplinks/handling-sessions) for more details. [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signtransaction#returns) Returns ---------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signtransaction#approve) Approve * `nonce`: A nonce used for encrypting the response, encoded in base58. * `data`: An encrypted JSON string. Refer to [Encryption](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption) to learn how apps can decrypt `data` using a shared secret. Encrypted bytes are encoded in base58. * `transaction`: The signed and serialized transaction that is encoded in base58. Backpack will not submit this transaction. An application can submit this transaction via the [web3.jsarrow-up-right](https://solana-labs.github.io/solana-web3.js/classes/Connection.html#sendRawTransaction) `sendRawTransaction`. ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signtransaction#reject) Reject An `errorCode` and `errorMessage` as query parameters. Please refer to [Errors](https://support.backpack.exchange/wallet/technical-docs/deeplinks/limitations#errors) for a full list of possible error codes. [PreviousSignAllTransactionschevron-left](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signalltransactions) [NextSignMessagechevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signmessage) Last updated 9 months ago * [Base URL](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signtransaction#base-url) * [Query String Parameters](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signtransaction#query-string-parameters) * [Returns](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signtransaction#returns) * [Approve](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signtransaction#approve) * [Reject](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signtransaction#reject) Copy // content of decrypted `data`-parameter { transaction: "...", // signed serialized transaction, base58 encoded } Copy { "errorCode": "...", "errorMessage": "..." } --- # SignMessage | Backpack Exchange After connecting to Backpack, an app can request that the user sign a message. Applications can create their own messages, which will be displayed to users from Backpack's signature prompt. Message signatures do not incur network fees and are a convenient way for apps to verify address ownership. In order to send a message for the user to sign, an application must: 1. Provide a **hex** or **UTF-8** encoded string as a Uint8Array and then **base58-encoded it**. 2. Request that the encoded message is signed via the user's Backpack wallet. For more information on how to verify the signature of a message, please refer to [Encryption Resources](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption#encryption-resources) . [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signmessage#base-url) Base URL -------------------------------------------------------------------------------------------------------------------------------- Copy https://backpack.app/ul/v1/signMessage [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signmessage#query-string-parameters) Query String Parameters -------------------------------------------------------------------------------------------------------------------------------------------------------------- * `dapp_encryption_public_key` **(required)**: The original encryption public key used from the app side for an existing [Connect](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect) session. * `nonce` **(required)**: A nonce used for encrypting the request, encoded in base58. * `redirect_link` **(required)**: The URI where Backpack should redirect the user upon completion. Please review [Specifying Redirects](https://support.backpack.exchange/wallet/technical-docs/deeplinks/specifying-redirects) for more details. URL-encoded. * `payload` **(required)**: An encrypted JSON string with the following fields: Copy { "message": "...", // the message, base58 encoded "session": "...", // token received from connect-method "display": "utf8" | "hex", // the encoding to use when displaying the message } * `message` **(required)**: The message that should be signed by the user, encoded in base58. Backpack will display this message to the user when they are prompted to sign. * `session` **(required)**: The session token received from the [Connect](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/connect) method. Please see Handling Sessions for more details. * `display` **(optional)**: How you want us to display the string to the user. Defaults to `utf8` [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signmessage#returns) Returns ------------------------------------------------------------------------------------------------------------------------------ ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signmessage#approve) Approve * `nonce`: A nonce used for encrypting the response, encoded in base58. * `data`: An encrypted JSON string. Refer to [Encryption](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption) to learn how apps can decrypt `data` using a shared secret. Encrypted bytes are encoded in base58. * `signature`: The message signature, encoded in base58. For more information on how to verify the signature of a message, please refer to [Encryption Resources](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption#encryption-resources) . ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signmessage#reject) Reject An `errorCode` and `errorMessage` as query parameters. Please refer to [Errors](https://support.backpack.exchange/wallet/technical-docs/deeplinks/limitations#errors) for a full list of possible error codes. [PreviousSignTransactionchevron-left](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signtransaction) [NextOther Methodschevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/other-methods) Last updated 9 months ago * [Base URL](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signmessage#base-url) * [Query String Parameters](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signmessage#query-string-parameters) * [Returns](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signmessage#returns) * [Approve](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signmessage#approve) * [Reject](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signmessage#reject) Copy // content of decrypted `data`-parameter { signature: "...", // message-signature } Copy { "errorCode": "...", "errorMessage": "..." } --- # Other Methods | Backpack Exchange Backpack supports additional methods accessible via deeplinks in addition to its [Provider Methods](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods) . Users can use the [Browse](https://support.backpack.exchange/wallet/technical-docs/deeplinks/other-methods/browse) deeplink to open web apps within Backpack's in-app browser. * * * Deeplinks make it easy for users to open web apps within Backpack. Users can scan a QR code with their phone's camera to open a page directly within Backpack's in-app browser. If a web app detects that a user is using a mobile device, it can prompt the user to open a specific page in Bacpack's in-app browser. The `browse` deeplink can be used before a Connect event takes place, as it does not require a `session` param. `browse` deeplinks are not intended to be pasted into mobile web browsers. These deeplinks must either be handled by an app or clicked on by an end user. ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/other-methods#url-structure) URL Structure Copy https://backpack.app/ul/browse/?ref= ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/other-methods#parameters) Parameters * `url` **(required)**: The URL that should open within Backpack's in-app browser, URL-encoded. * `ref` **(required)**: The URL of the requesting app, URL-encoded [PreviousSignMessagechevron-left](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signmessage) [NextBrowsechevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/other-methods/browse) Last updated 9 months ago * [URL Structure](https://support.backpack.exchange/wallet/technical-docs/deeplinks/other-methods#url-structure) * [Parameters](https://support.backpack.exchange/wallet/technical-docs/deeplinks/other-methods#parameters) --- # Browse | Backpack Exchange Deeplinks make it easy for users to open web apps within Backpack. Users can scan a QR code with their phone's camera to open a page directly within Backpack's in-app browser. If a web app detects that a user is using a mobile device, it can prompt the user to open a specific page in Backpack's in-app browser. The `browse` deeplink can be used before a Connect event takes place, as it does not require a `session` parameter. `browse` deeplinks are not intended to be pasted into mobile web browsers. These deeplinks must either be handled by an app or clicked on by an end user. ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/other-methods/browse#url-structure) URL Structure Copy https://backpack.app/ul/v1/browse/?ref= **Parameters** * `url` **(required)**: The URL that should open within Backpack's in-app browser, URL-encoded. * `ref` **(required)**: The URL of the requesting app, URL-encoded [PreviousOther Methodschevron-left](https://support.backpack.exchange/wallet/technical-docs/deeplinks/other-methods) [NextHandling Sessionschevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/handling-sessions) Last updated 9 months ago --- # Handling Sessions | Backpack Exchange When a user first connects to Backpack, Backpack returns a session param that represents the user's connection. On all subsequent [Provider Methods](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods) , the app should pass this `session` parameter back to Backpack. The app is responsible for storing this session. Sessions do not expire. Once a user has connected with Backpack, the corresponding app can make requests like SignAndSendTransaction and SignMessage indefinitely without prompting the user to reconnect with Backpack. Apps will still need to reconnect to Backpack after a Disconnect event or an Invalid Session. ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/handling-sessions#session-structure) Session Structure The entire `session` parameter is encoded in base58. A `session` should contain the following data: * **JSON Data Signature**: A base58 signature of the JSON data that is 64 bytes. Backpack will check the signature against the actual message that was signed. * **JSON Data**: A JSON object with the following fields: * `app_url` (string): A URL used to fetch app metadata (i.e. title, icon). * `timestamp` (number): The timestamp at which the user approved the connection. At the time of this writing, sessions do not expire. * `chain` (string): The chain that the user connected to at the start of the session. Sessions cannot be used across two different chains with the same keypair (e.g. the user cannot connect to Backpack and then sign on Ethereum). * `cluster` (string) (optional): The approved cluster that the app and user initially connected to. ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/handling-sessions#decoding-sessions) Decoding Sessions Backpack will decode and validate the `session` param on every request. To decode the session, we decode it with `bs58`, slice off the first 64 bytes of the signature, and treat the rest as JSON data. We then sign the JSON data again with the same key pair and compare that signature against the signature in the session. If the signatures are the same, the session is valid. Otherwise, we conclude that the session has been faked, as the signature does not belong to the keypair it claims it does. Calling `nacl.sign.open` conveniently verifies and returns the original object. For more information, please review [Encryption Resources](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption#encryption-resources) . After we determine that the session is valid, we still need to ensure that the JSON fields line up with what we expect. An app could give a session for `pubkey A` when the user is currently using `pubkey B` in Backpack. In such a scenario, that session should not allow an app to request signatures. Instead, the app must issue a new connect request or use the correct session. ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/handling-sessions#invalid-sessions) Invalid Sessions While sessions do not expire, there are a number of reasons why sessions could still be deemed invalid: 1. It was not signed by the current wallet key pair. This could mean that the session is entirely fake, or that it was signed by another keypair in the user’s wallet. 2. It was signed by the current wallet key pair, but the session's JSON `data` does not pass muster. There are a few reasons why this might occur: 1. The user switched chains (or possibly networks). 2. The `app_url` could be blocked if malicious. [PreviousBrowsechevron-left](https://support.backpack.exchange/wallet/technical-docs/deeplinks/other-methods/browse) [NextSpecifying Redirectschevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/specifying-redirects) Last updated 9 months ago * [Session Structure](https://support.backpack.exchange/wallet/technical-docs/deeplinks/handling-sessions#session-structure) * [Decoding Sessions](https://support.backpack.exchange/wallet/technical-docs/deeplinks/handling-sessions#decoding-sessions) * [Invalid Sessions](https://support.backpack.exchange/wallet/technical-docs/deeplinks/handling-sessions#invalid-sessions) Copy // Encoding a session const privateKey = ...; const sessionData = JSON.stringify({ "app_id": "APP_ID", "chain": "CHAIN", "cluster": "CLUSTER", "timestamp": 1644954984, }); const bytes = Buffer.from(sessionData, "utf-8"); // tweetnacl-js formats signature in format const signature = bs58.encode(nacl.sign(bytes, privateKey)); // Decoding ja session const publicKey = ...; const verifiedSessionData = nacl.sign.open(bs58.decode(signature), publicKey.toBytes()); if (!verifiedSessionData) throw new Error(`This session was not signed by ${publicKey}`); --- # Specifying Redirects | Backpack Exchange All Methods support a `redirect_link=` param that lets Backpack know how to get back to the original app. The URI specified by this param should be URL encoded. The following is an example of a `mydapp://onWalletConnected` redirect URI: Copy redirect_link%3Dmydapp%3A%2F%2FonWalletConnected If the deeplink request to Backpack comes with a response, Backpack will append the results as query parameters in the `redirect_link=` upon redirecting. Copy redirect_link=mydapp://onWalletConnected?data=... [PreviousHandling Sessionschevron-left](https://support.backpack.exchange/wallet/technical-docs/deeplinks/handling-sessions) [NextEncryptionchevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption) Last updated 9 months ago --- # Encryption | Backpack Exchange Deeplinks are encrypted using symmetric key encryption generated from a [Diffie-Hellman key exchangearrow-up-right](https://en.wikipedia.org/wiki/Diffie%E2%80%93Hellman_key_exchange) . While deeplink sessions will be created in plaintext, an encrypted channel will be created to prevent session tokens from getting hijacked. ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption#encryption-and-decryption-workflow) Encryption & Decryption Workflow Backpack deeplinks are encrypted with the following workflows: #### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption#connect) Connect 1. \[dapp\]: On the initial `connect` deeplink, apps should include a `dapp_encryption_public_key` query parameter. It's recommended to create a new x25519 keypair for every session started with `connect`. In all methods, the public key for this keypair is referred to as `dapp_encryption_public_key`. 2. \[backpack\]: Upon handling a `connect` deeplink, Backpack will also generate a new x25519 keypair. * Backpack will return this public key as `wallet_encryption_public_key` in the `connect` response. * Backpack will create a secret key using Diffie-Hellman with `dapp_encryption_public_key` and the _**private key**_ associated with `wallet_encryption_public_key`. * Backpack will locally store a mapping of `dapp_encryption_public_key` to shared secrets for use with decryption in subsequent deeplinks. 3. \[dapp\]: Upon receiving the `connect` response, the dapp should create a shared secret by using Diffie-Hellman with `wallet_encryption_public_key` and the _**private key**_ associated with `dapp_encryption_public_key`. This shared secret should then be used to decrypt the `data` field in the response. If done correctly, the user's public key will be available to share with the dapp inside the `data` JSON object. #### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption#subsequent-deeplinks) **Subsequent Deeplinks** 1. \[dapp\]: For any subsequent methods (such as [SignAndSendTransaction](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signandsendtransaction) and [SignMessage](https://support.backpack.exchange/wallet/technical-docs/deeplinks/provider-methods/signmessage) ), apps should send a `dapp_encryption_public_key` (the public key side of the shared secret) used with Backpack along with an encrypted `payload` object. 2. \[backpack\]: Upon approval, Backpack will encrypt the signed response as a JSON object with the encryption sent as a `data=` query param. 3. \[dapp\]: Upon receiving the deeplink response, apps should decrypt the object in the `data=` query parameter to view the signature. ### [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption#encryption-resources) Encryption Resources To learn more about encryption and decryption, please refer to the following libraries: **JavaScript** * [TweetNaCl.jsarrow-up-right](https://github.com/dchest/tweetnacl-js) **iOS** * [TweetNaCl SwiftWraparrow-up-right](https://github.com/bitmark-inc/tweetnacl-swiftwrap) **Android** * [Tinkarrow-up-right](https://github.com/google/tink) * [TweetNaCl Javaarrow-up-right](https://github.com/InstantWebP2P/tweetnacl-java) [PreviousSpecifying Redirectschevron-left](https://support.backpack.exchange/wallet/technical-docs/deeplinks/specifying-redirects) [NextLimitationschevron-right](https://support.backpack.exchange/wallet/technical-docs/deeplinks/limitations) Last updated 9 months ago * [Encryption & Decryption Workflow](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption#encryption-and-decryption-workflow) * [Encryption Resources](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption#encryption-resources) --- # Limitations | Backpack Exchange When making requests to Backpack in Establishing a Connection, Sending a Transaction, or Signing a Message, Backpack may respond with an error. [hashtag](https://support.backpack.exchange/wallet/technical-docs/deeplinks/limitations#errors) Errors ----------------------------------------------------------------------------------------------------------- The following is a list of all possible error codes and their meanings. These error messages are inspired by Ethereum's [EIP-1474arrow-up-right](https://eips.ethereum.org/EIPS/eip-1474#error-codes) and [EIP-1193arrow-up-right](https://eips.ethereum.org/EIPS/eip-1193#provider-errors) . Code Title Description 4900 Disconnected Backpack could not connect to the network. 4100 Unauthorized The requested method and/or account have not been authorized by the user. 4001 User Rejected Request The user rejected the request through Backpack. \-32000 Invalid Input Missing or invalid parameters. \-32002 Requested resource not available This error occurs when an app attempts to submit a new transaction while Backpack's approval dialog is already open for a previous transaction. Only one approve window can be open at a time. Users should approve or reject their transactions before initiating a new transaction. \-32003 Transaction Rejected Backpack does not recognize a valid transaction. \-32601 Method Not Found Backpack does not recognize the method. \-32603 Internal Error Something went wrong within Backpack. Typically, these errors will be easily parseable and have both a code and an explanation. For example: Copy try { await window.solana.signMessage(); } catch (err) { // {code: 4100, message: 'The requested method and/or account has not been authorized by the user.'} } [PreviousEncryptionchevron-left](https://support.backpack.exchange/wallet/technical-docs/deeplinks/encryption) [NextReport Issue or Bugchevron-right](https://support.backpack.exchange/report-issue-or-bug) Last updated 9 months ago --- # Report Issue or Bug | Backpack Exchange The best way to report issues or glitches in Backpack products is to generate a Support ticket using the built in function which lives in both Wallet and Exchange. It collects details about the system status that helps troubleshoot the issue. * After submitting a ticket, make sure to record the ticket ID and include it when you contact Support ([\[email protected\]envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#2655535656495452664447454d5647454d08435e454e47484143) ) * * * [PreviousLimitationschevron-left](https://support.backpack.exchange/wallet/technical-docs/deeplinks/limitations) [NextExchangechevron-right](https://support.backpack.exchange/report-issue-or-bug/exchange) Last updated 1 month ago --- # Exchange | Backpack Exchange ### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange#how-to-report-bugs-or-platform-glitches-on-the-backpack-exchange) **How to report bugs or platform glitches on the Backpack Exchange:** If you encounter any irregularities or glitches, kindly follow this guide to share your observations. ### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange#id-1.-document-the-glitch-if-possible) **1\. Document the glitch (if possible)** * Taking a screenshot or a short screen recording can greatly expedite our troubleshooting process. * While this isn't mandatory, it provides our technical team with invaluable insights into the issue. ### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange#id-2.-send-your-report) **2\. Send your report** * Forward your observations and any visual evidence to [\[email protected\]envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#ea999f9a9a85989eaa888b89819a8b8981c48f9289828b848d8f) . * Provide comprehensive information: * Clearly describe the observed bug or glitch. Mention the device and browser you were using, steps leading up to the anomaly, and any other pertinent data. Remember, while visuals are beneficial, a detailed description is equally important. ### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange#id-3.-await-our-feedback) **3\. Await our feedback** * Once you've relayed your observations, our team will commence its investigation. You may receive an acknowledgment or a tracking reference, assuring you that we're on the case. ‍ **Thank you for contributing to enhancing Backpack Exchange!** Your observations and feedback are crucial in ensuring our platform continues to operate at the highest level possible. [PreviousReport Issue or Bugchevron-left](https://support.backpack.exchange/report-issue-or-bug) [NextUnsupported Deposit Reportchevron-right](https://support.backpack.exchange/report-issue-or-bug/exchange/unsupported-deposit-report) Last updated 1 month ago * [How to report bugs or platform glitches on the Backpack Exchange:](https://support.backpack.exchange/report-issue-or-bug/exchange#how-to-report-bugs-or-platform-glitches-on-the-backpack-exchange) * [1\. Document the glitch (if possible)](https://support.backpack.exchange/report-issue-or-bug/exchange#id-1.-document-the-glitch-if-possible) * [2\. Send your report](https://support.backpack.exchange/report-issue-or-bug/exchange#id-2.-send-your-report) * [3\. Await our feedback](https://support.backpack.exchange/report-issue-or-bug/exchange#id-3.-await-our-feedback) --- # Unsupported Deposit Report | Backpack Exchange ### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange/unsupported-deposit-report#before-you-submit) Before You Submit Please make sure you have the following information ready: * Email address registered with your Backpack Exchange account * Transaction link (or TX Hash) * Network used for the transfer * Self-custodial wallet address where recovered funds may be returned Incomplete or incorrect information may delay review. [PreviousExchangechevron-left](https://support.backpack.exchange/report-issue-or-bug/exchange) [NextSubmit Feedback or Report an Issuechevron-right](https://support.backpack.exchange/report-issue-or-bug/exchange/submit-feedback-or-report-an-issue) Last updated 1 month ago --- # Submit Feedback or Report an Issue | Backpack Exchange ### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange/submit-feedback-or-report-an-issue#what-you-can-submit) What You Can Submit When completing the form, you’ll be asked to select one of the following categories. Based on your selection, the form will dynamically display the relevant questions. #### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange/submit-feedback-or-report-an-issue#token-listing-request) Token Listing Request Use this option to suggest a token for potential listing. You’ll be asked to provide: * The token name * A brief reason for listing (for example: project background, traction, or community demand) * * * #### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange/submit-feedback-or-report-an-issue#product-feedback) Product Feedback Use this option to share feedback about an existing product or feature. You’ll be asked to provide: * The product name * Feedback details * Optional screenshots to support your feedback * * * #### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange/submit-feedback-or-report-an-issue#feature-request) Feature Request Use this option to suggest a new feature or improvement. You’ll be asked to provide: * A description of the feature you’re requesting * The reason or use case (what problem it solves or why it’s needed) * Optional screenshots to illustrate your request * * * #### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange/submit-feedback-or-report-an-issue#exchange-bug-report) Exchange Bug Report Use this option to report a technical issue or unexpected behavior on the exchange. You’ll be asked to provide: * A description of the issue and its impact * Whether the issue is reproducible (Yes / No / Intermittent) * Optional screenshots or video (strongly recommended) * * * ### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange/submit-feedback-or-report-an-issue#optional-contact-information) Optional Contact Information To enable follow-ups and potential reward distribution in the future, you may optionally provide: * Your Discord handle * Your Telegram username Providing contact information is optional, but may help us reach you if additional details are required. ### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange/submit-feedback-or-report-an-issue#submit-your-feedback-or-report) Submit Your Feedback or Report * * * ### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange/submit-feedback-or-report-an-issue#what-happens-after-submission) What Happens After Submission Once submitted: * Your feedback or report will be reviewed by the relevant team * If additional information is needed, we’ll reach out using the Backpack account's email / contact details you provided * Due to volume and prioritization, we may not be able to respond to every submission individually We appreciate you taking the time to help us improve the Backpack Exchange. [PreviousUnsupported Deposit Reportchevron-left](https://support.backpack.exchange/report-issue-or-bug/exchange/unsupported-deposit-report) [NextMobile UX Feedback Event (with $1,000 Prize Pool)chevron-right](https://support.backpack.exchange/report-issue-or-bug/exchange/mobile-ux-feedback-event-with-usd1-000-prize-pool) Last updated 3 days ago * [What You Can Submit](https://support.backpack.exchange/report-issue-or-bug/exchange/submit-feedback-or-report-an-issue#what-you-can-submit) * [Optional Contact Information](https://support.backpack.exchange/report-issue-or-bug/exchange/submit-feedback-or-report-an-issue#optional-contact-information) * [Submit Your Feedback or Report](https://support.backpack.exchange/report-issue-or-bug/exchange/submit-feedback-or-report-an-issue#submit-your-feedback-or-report) * [What Happens After Submission](https://support.backpack.exchange/report-issue-or-bug/exchange/submit-feedback-or-report-an-issue#what-happens-after-submission) --- # Mobile UX Feedback Event (with $1,000 Prize Pool) | Backpack Exchange #### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange/mobile-ux-feedback-event-with-usd1-000-prize-pool#were-improving-the-mobile-experience-and-wed-love-your-input) We're improving the mobile experience and we'd love your input! If you've used the app recently, this is your chance to help shape what we build next with feedback based on real usage. Don't have the app yet? [Download it herearrow-up-right](https://backpack.app/downloads) #### [hashtag](https://support.backpack.exchange/report-issue-or-bug/exchange/mobile-ux-feedback-event-with-usd1-000-prize-pool#fill-out-the-form) **Fill out the form:** circle-info **Submissions are open until January 25, 2026 00:00 UTC.** [PreviousSubmit Feedback or Report an Issuechevron-left](https://support.backpack.exchange/report-issue-or-bug/exchange/submit-feedback-or-report-an-issue) [NextWalletchevron-right](https://support.backpack.exchange/report-issue-or-bug/wallet) Last updated 7 minutes ago --- # Wallet | Backpack Exchange **Note:** This example uses the Backpack mobile app. The flow is similar in the desktop extension. ### [hashtag](https://support.backpack.exchange/report-issue-or-bug/wallet#id-1-open-the-main-settings-menu) 1) Open the main Settings menu Note: If you are on the Wallet screen, you must navigate to home screen and then open the main Settings menu. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FYzOT9QM8rCOFZKwv7ezn%252FSPBRW.png%3Falt%3Dmedia%26token%3D04f3a00b-7837-4490-bc1c-4ed1b9cbe443&width=768&dpr=4&quality=100&sign=fad52a96&sv=2) ### [hashtag](https://support.backpack.exchange/report-issue-or-bug/wallet#id-2-select-bug-report) 2) Select 'Bug Report' ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FUnFnSdoSK3aAGzS0RtDP%252FSPBRW1%2520%281%29.png%3Falt%3Dmedia%26token%3D0559dbf8-14bb-4909-a3f2-38554563ab1f&width=768&dpr=4&quality=100&sign=7983cf29&sv=2) ### [hashtag](https://support.backpack.exchange/report-issue-or-bug/wallet#id-3-select-submit) 3) Select 'Submit' ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FsXQxlfObeJianGrZv2Sr%252FSPBRW2.png%3Falt%3Dmedia%26token%3De8b2f08f-aa53-480d-8f43-d0aef0b79d7b&width=768&dpr=4&quality=100&sign=be829bef&sv=2) ### [hashtag](https://support.backpack.exchange/report-issue-or-bug/wallet#id-4-copy-the-report-identifier-code) 4) Copy the report identifier code. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2F1790800155-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252F3kiM6CAFBZoTCJcZ8X7k%252Fuploads%252FoUOWLyidMksReXvaXMQ4%252FSPBRW3.png%3Falt%3Dmedia%26token%3D732d2ad1-23d4-4a7c-9534-3c4a4003d3df&width=768&dpr=4&quality=100&sign=cf400ab6&sv=2) ### [hashtag](https://support.backpack.exchange/report-issue-or-bug/wallet#id-5-detail-the-issue-and-attach-the-report-identifier-code-upon-emailing-support-backpack.exchange) 5) Detail the issue and attach the report identifier code upon emailing [\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) . * * * [PreviousMobile UX Feedback Event (with $1,000 Prize Pool)chevron-left](https://support.backpack.exchange/report-issue-or-bug/exchange/mobile-ux-feedback-event-with-usd1-000-prize-pool) [NextLegalchevron-right](https://support.backpack.exchange/legal) Last updated 8 days ago * [1) Open the main Settings menu](https://support.backpack.exchange/report-issue-or-bug/wallet#id-1-open-the-main-settings-menu) * [2) Select 'Bug Report'](https://support.backpack.exchange/report-issue-or-bug/wallet#id-2-select-bug-report) * [3) Select 'Submit'](https://support.backpack.exchange/report-issue-or-bug/wallet#id-3-select-submit) * [4) Copy the report identifier code.](https://support.backpack.exchange/report-issue-or-bug/wallet#id-4-copy-the-report-identifier-code) * [5) Detail the issue and attach the report identifier code upon emailing \[email protected\].](https://support.backpack.exchange/report-issue-or-bug/wallet#id-5-detail-the-issue-and-attach-the-report-identifier-code-upon-emailing-support-backpack.exchange) --- # Legal | Backpack Exchange ### [hashtag](https://support.backpack.exchange/legal#general-legal) General Legal * [User Agreement](https://support.backpack.exchange/legal/general-legal/user-agreement) * [Privacy Policy](https://support.backpack.exchange/legal/general-legal/privacy-policy) * [Cookie Policy](https://support.backpack.exchange/legal/general-legal/cookie-policy) ### [hashtag](https://support.backpack.exchange/legal#vara-disclosures) VARA Disclosures * [Virtual Asset Standards](https://support.backpack.exchange/legal/vara-disclosures/virtual-asset-standards) * [VARA License Information](https://support.backpack.exchange/legal/vara-disclosures/vara-license-information) * [Risk Disclosures](https://support.backpack.exchange/legal/vara-disclosures/risk-disclosures) * [Price Quotesarrow-up-right](https://support.backpack.exchange/articles/price-quotes) * [Exchange Trading Rules](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules) * [Complaints](https://support.backpack.exchange/legal/vara-disclosures/complaints) * [Available Digital Assets](https://support.backpack.exchange/legal/vara-disclosures/available-digital-assets) ### [hashtag](https://support.backpack.exchange/legal#backpack-wallet) Backpack Wallet * [Backpack Wallet Terms and Conditions](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions) * [Backpack Wallet Privacy Notice](https://support.backpack.exchange/legal/backpack-wallet/privacy-notice) [PreviousWalletchevron-left](https://support.backpack.exchange/report-issue-or-bug/wallet) [NextGeneral Legalchevron-right](https://support.backpack.exchange/legal/general-legal) Last updated 11 months ago * [General Legal](https://support.backpack.exchange/legal#general-legal) * [VARA Disclosures](https://support.backpack.exchange/legal#vara-disclosures) * [Backpack Wallet](https://support.backpack.exchange/legal#backpack-wallet) --- # General Legal | Backpack Exchange [User Agreementchevron-right](https://support.backpack.exchange/legal/general-legal/user-agreement) [Privacy Policychevron-right](https://support.backpack.exchange/legal/general-legal/privacy-policy) [Cookie Policychevron-right](https://support.backpack.exchange/legal/general-legal/cookie-policy) [PreviousLegalchevron-left](https://support.backpack.exchange/legal) [NextUser Agreementchevron-right](https://support.backpack.exchange/legal/general-legal/user-agreement) --- # User Agreement | Backpack Exchange * View our [**User Agreement regarding the use of Backpack Exchange**arrow-up-right](https://drive.google.com/file/d/1UjGtE4IrltBt3goJvrj_uoJUihHuLusw/view?usp=sharing) * View our [T**erms of Service for Borrow and Lending Services**arrow-up-right](https://cdn.prod.website-files.com/66963c7e9afe8660c7aa7526/67790552ad8b4863b4e0e46e_Backpack%20Borrowing%20Lending%20Terms%20of%20Service.pdf) * View our [**Terms of Service for Margin Trading Services**arrow-up-right](https://cdn.prod.website-files.com/66963c7e9afe8660c7aa7526/6779055266397d01f38d4ab2_Backpack%20Margin%20Trading%20Terms%20of%20Service.pdf) * View our [**Terms of Service for Line of Credit**arrow-up-right](https://drive.google.com/file/d/1i9F5Ei3Aw3DhGQmVBvlyggGOmF_cEtvS/view?usp=drive_link) * View our [**Terms of Service for Staking Services**arrow-up-right](https://drive.google.com/file/d/1rRNi9LTH7WSHd8wkPETx6t6KQ4_UcVVF/view?usp=sharing) [PreviousGeneral Legalchevron-left](https://support.backpack.exchange/legal/general-legal) [NextPrivacy Policychevron-right](https://support.backpack.exchange/legal/general-legal/privacy-policy) Last updated 20 days ago --- # Privacy Policy | Backpack Exchange Privacy policy for the processing of personal data on the Backpack Exchange regarding the use of our services, products, website or mobile application. * View our [Privacy Policyarrow-up-right](https://drive.google.com/file/d/1kamK6Fy2_yEwQd0ExFQi0gH2Gl3nj2Ww/view?usp=drive_link) * * * **For Backpack Europe Users** * View our [Backpack Europe Privacy Policyarrow-up-right](https://cdn.prod.website-files.com/66963c7e9afe8660c7aa7526/677e065a0d8f675554b146b2_Privacy%20Policy.pdf) [PreviousUser Agreementchevron-left](https://support.backpack.exchange/legal/general-legal/user-agreement) [NextCookie Policychevron-right](https://support.backpack.exchange/legal/general-legal/cookie-policy) Last updated 4 months ago --- # Cookie Policy | Backpack Exchange Learn about our Cookie Policy for the collection and management of user information when using Backpack Exchange services, products, website, or mobile application. * [View the cookie policyarrow-up-right](https://assets.ctfassets.net/ft3afpzda8pn/5zHzY0Zqw36jSIoBkRKnYu/0b19ff1aea2b104b10cdee9c689afd6a/Cookie_Policy.pdf) [PreviousPrivacy Policychevron-left](https://support.backpack.exchange/legal/general-legal/privacy-policy) [NextVARA Disclosureschevron-right](https://support.backpack.exchange/legal/vara-disclosures) Last updated 11 months ago --- # VARA Disclosures | Backpack Exchange [Virtual Asset Standardschevron-right](https://support.backpack.exchange/legal/vara-disclosures/virtual-asset-standards) [VARA License Informationchevron-right](https://support.backpack.exchange/legal/vara-disclosures/vara-license-information) [Risk Disclosureschevron-right](https://support.backpack.exchange/legal/vara-disclosures/risk-disclosures) [Price Quoteschevron-right](https://support.backpack.exchange/legal/vara-disclosures/price-quotes) [Exchange Trading Ruleschevron-right](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules) [Complaintschevron-right](https://support.backpack.exchange/legal/vara-disclosures/complaints) [Available Digital Assetschevron-right](https://support.backpack.exchange/legal/vara-disclosures/available-digital-assets) [Conflicts of Interest Statementchevron-right](https://support.backpack.exchange/legal/vara-disclosures/conflicts-of-interest-statement) [Whistleblowing Policychevron-right](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy) [Complaints Handling Policychevron-right](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy) [PreviousCookie Policychevron-left](https://support.backpack.exchange/legal/general-legal/cookie-policy) [NextVirtual Asset Standardschevron-right](https://support.backpack.exchange/legal/vara-disclosures/virtual-asset-standards) --- # Virtual Asset Standards | Backpack Exchange Virtual Asset Standards (VA Standards) for the Backpack Exchange in according with requirements set by the Dubai Virtual Assets Regulatory Authority (VARA). ‍ At Trek Labs Ltd FZE d/b/a Backpack Exchange (**Backpack Exchange**), we take our regulatory obligations seriously, and as such, we have established a set of VA Standards in accordance with the requirements set out by our regulator, the Dubai Virtual Assets Regulatory Authority (**VARA**). These Virtual Asset Standards (**VA Standards**) are designed to ensure that all Virtual Assets (**VA**) supported by Backpack Exchange meet appropriate regulatory requirements and are suitable for our clients. Our VA Standards are disclosed on our website, and we take all reasonable steps, including relevant due diligence, to ensure that all Virtual Assets we support meet these standards. ‍ Our VA Standards are set forth below. ‍ For any VA to be listed, or remain listed, on the Backpack Exchange: * it must be sufficiently liquid and meet minimum market capitalization and fully diluted value requirements. * it must have clear features, use cases, utility or community interest. * it must not be a “privacy coin” or contain any anonymity features that prevent traceability of transactions. * It must not be predominantly used for money laundering or terrorist financing activities. * it must comply with all laws, regulations, rules and directives applicable to it. * it must not be prohibited by VARA or any other appropriate authorities. ‍ Furthermore, when considering the listing of any VA on, or keeping any VA listed on, the Backpack Exchange; * We will take into consideration any guidance as to the regulatory treatment of a VA by VARA and other appropriate authorities. * We will assess the security and immutability of the underlying DLT protocol, considering factors such as 51% attack likelihood, uptime, frequency and severity of transaction backlogs/ability to make transfers effectively, and any hacks or protocol errors. * We will take into consideration the future development of the VA as communicated by the Issuer and/or relevant developers, whether this exists and to what extent, as well as the content of it. * We will assess any previous instances of price manipulation, as well as the potential susceptibility of price manipulation, considering factors like team and holder concentration, and market liquidity, and any relevant mitigants that could be put in place. * We will assess any potential or actual conflicts of interest, and any relevant mitigants to such conflicts that could be put in place. * We will assess the background of the issuer of the VA, including their experience in the VA sector, any adverse media, and any investigations or claims in relation to fraud, deceit, market manipulation or other illicit behaviour. * We will consider any rights related to the VA, including whether they represent rights to any other assets (such as real world assets or airdrops of other VAs), and the enforceability of those rights. * we will assess the availability of sufficient assets in order that we are able to satisfy any obligation we have with respect to the VA and any relevant VA Activities. * We will, if the VA has an underlying physical market, assess and form an understanding of the underlying physical market and assess whether, and to what extent, the VA in question can have adverse impacts on such a market. * We will, if applicable, review, and periodically review, any terms and conditions for appropriate correlation with any physical market to ensure conformity with standards and practices in that physical market. * We will take into consideration any other factors, benefits and risks we may deem relevant, to our clients and to the exchange. ‍ As part of Backpack Exchange’s VA Listing Policy, VA Standards will all be assessed when any VA is being considered for listing on Backpack Exchange. The information gathered, analysis performed and decision on whether to list will be documented, with such documentation kept on file for eight years and available to VARA upon request. ‍ Similarly, Backpack Exchange reviews listed VAs to ensure they continually meet the VA Standards every six months, or as soon as possible if Backpack Exchange becomes aware of any developments, related to the VA in question, that would potentially result in the VA no longer meeting the VA Standards. The information gathered, analysis performed and any decisions reached on whether the VA remains listed or not will be documented, with such documentation kept on file for eight years and available to VARA upon request. ‍ Backpack Exchange shall regularly, and on an ongoing basis, assess relevant information to ensure that a Virtual Asset that it provides VA Activities in relation to continues to meet its VA Standards. A Virtual Asset that initially meets Backpack Exchange’s VA Standards may no longer fulfil such standards in the event of certain events, such as evidence of market manipulation by the issuer, lack of sufficient assets to satisfy the issuer’s obligations, treatment of a Virtual Asset as a regulated financial instrument by VARA or other appropriate authorities, fraud, or other similar events. In the event that a Virtual Asset no longer meets our VA Standards, we may suspend support for such Virtual Assets. We have necessary operational procedures and controls in place for such suspensions, and we will notify the appropriate regulators as soon as possible after becoming aware of any such issues. We take all necessary steps as directed by regulators to minimise any adverse impact on our clients arising as a result. [PreviousVARA Disclosureschevron-left](https://support.backpack.exchange/legal/vara-disclosures) [NextVARA License Informationchevron-right](https://support.backpack.exchange/legal/vara-disclosures/vara-license-information) Last updated 11 months ago --- # VARA License Information | Backpack Exchange Information regarding the Backpack Exchange VARA license including license number, licensed activities and names of all responsible individuals. ‍ **License Number** License No. VL/23/07/001 ‍ **Licensed Activities** **Trek Labs Ltd FZE** is licensed and regulated by the **Dubai Virtual Assets Regulatory Authority (VARA)** under an **Exchange Services License**. This authorises us to operate as a virtual asset exchange in the UAE and provide **Spot Trading Services** (i.e., trading virtual assets for immediate settlement). Our VARA license **does not cover Futures or Margin Trading**, and these services are therefore **not available in the UAE**. ‍ **Names of All Responsible Individuals** Sherif Eid, Head of Compliance Nicholas Ting, Head of Operations [PreviousVirtual Asset Standardschevron-left](https://support.backpack.exchange/legal/vara-disclosures/virtual-asset-standards) [NextRisk Disclosureschevron-right](https://support.backpack.exchange/legal/vara-disclosures/risk-disclosures) Last updated 3 months ago --- # Risk Disclosures | Backpack Exchange Risk disclosures for trading Virtual Assets and use of the services and services provided on the Backpack Exchange website and mobile application. ‍ **Last Updated: May 31, 2025** Virtual Asset means any Virtual Asset (including any virtual currency or virtual commodity) which is a digital representation of value based on (or built on top of) a cryptographic protocol of a computer network. You should not trade or invest in Virtual Assets unless you fully understand the highly speculative nature, complexity, and risk inherent in the transactions you enter into, and your exposure to financial loss. Only persons with adequate understanding of the economic, legal, and other risks associated with Virtual Assets, and who are willing to assume such risks, should trade in Virtual Assets. We set out below the risks of trading Virtual Assets and of the use of the services provided by Trek Labs Ltd FZE dba Backpack Exchange (“**Backpack Exchange**”). Note that there may be additional risks that we have not foreseen or identified as part of this risk disclosure statement. You should carefully assess whether your financial situation and risk tolerance is suitable for trading in Virtual Assets. Backpack Exchange does not provide trade recommendations, investment advice or financial advisory services.The risks described below may result in the loss of Virtual Assets, a decrease in or loss of all value for Virtual Assets, an inability to access or transfer Virtual Assets, an inability to trade Virtual Assets, an inability to receive financial benefits available to other Virtual Asset holders, and other financial losses to you. **1\. General risks associated with Virtual Assets** * **Total loss -** A Virtual Asset may lose all of its value, and subsequently you may lose any fund invested in such Virtual Asset and losses may occur over a short period of time. * **Not a legal tender or backed by a government -** Virtual Assets are not a legal tender and are not backed by any government. * **Complexity -** The features, functions, characteristics, operation, use and other properties of any Virtual Asset and the software, networks, protocols, systems, and other technology (including, if applicable, any blockchain) used to administer, create, issue, transfer, cancel, use or transact in any Virtual Asset may be complex, technical or difficult to understand or evaluate. * **Valuation and market/price** \- The price of Virtual Assets traded on an exchange is derived based on the market data and price information on the exchange. Such market data and price information may be different from the information available on other exchanges given the fact that Virtual Assets can be traded on other exchange platforms. Prices can and do fluctuate at any given time. Due to such price fluctuations, the value of your investment in Virtual Assets may decrease at any given moment. Virtual Assets may be subject to large swings in value and may even become worthless. Trading activity in a particular Virtual Asset traded on another exchange could affect the price of that Virtual Asset on Backpack Exchange’s online trading platform. * **Volatility -** The price of Virtual Assets can be subject to large fluctuations (whether in a Virtual Asset/fiat pairing or Virtual Asset/Virtual Asset pairing). The price of a Virtual Asset can be volatile, unpredictable, and inconsistent. Sudden shifts in prices are possible at any given moment and could result in significant loss. * **Liquidity -** Markets for Virtual Assets can at times become “illiquid,” which means there can be a scarcity of persons who are willing to trade at any one time. Thinly traded or illiquid markets have potential increased risk of loss because Virtual Assets can experience high volatility of prices and in such markets market participants may find it impossible to liquidate market positions except at very unfavorable prices. There is no guarantee that the markets for any Virtual Asset will be liquid or permit you to establish or liquidate Virtual Assets positions when you want, or at favorable prices. * **Irrational market forces -** Virtual Assets are probably susceptible to irrational loss of confidence or market forces (e.g. as a result of any misleading statements or rumors), which could cause a collapse in the demand relative to supply without a reason anchored in reality. Many Virtual Assets have no underlying value other than the trust the holder of such Virtual Assets places in them. References to ''market capitalisation'' in connection to Virtual Assets should not be confused with the intrinsic value of other assets, such as equities, which are valued and whose market capitalisation depends on the intrinsic value of the legal entity which they represent a share in i.e. the value of the underlying assets and liabilities of a corporation. * **Financial crime risk -** Virtual Assets provide a higher degree of anonymity for their holders and makes it more difficult to trace them compared to conventional assets, which can lead to an increased risk of Virtual Assets being used for, or being connected to, financial crime (which includes (i) fraud or dishonesty; (ii) money laundering such as the handling of proceeds of crime; (iii) the financing of terrorism; or (iv) dealing with sanctioned persons or breaching economic sanctions). * **Cyber-attack risks -** The intangible nature of Virtual Assets and their heavy reliance on technology may make them subject to an increased risk of cyber-attack and theft. Virtual Assets are susceptible to specific types of cyber-attacks as a result of their network architecture. For example, Bitcoin and Ethereum rely on a Proof-of-Work consensus mechanism, in which a distributed network of computers (known as miners) complete complex mathematical problems in order to validate and record transactions. Theoretically, a malicious actor could gain control of >50% of the network computing power (known as a 51% attack) to rewrite transactions or create fake ones in order to steal assets from exchanges and other service providers. Polkadot relies on a Proof of Stake consensus mechanism, in which a set number of node operators (known as validators) post collateral in order to validate and record transactions. A validator will lose some or all of its collateral if it behaves maliciously or carelessly. Theoretically, a validator or group of validators could post enough collateral to control the validation and recording of transactions. While these kinds of attacks are theoretically possible, they require significant capital to be carried out successfully. * **Technology risks -** Trust and confidence may collapse in a Virtual Asset such as Bitcoin because of, but not limited to, unexpected changes imposed by the software developers or others, changes introduced by the relevant authority or regulator, the creation of superior competing alternative Virtual Assets, or a deflationary or inflationary spiral. Confidence may also collapse because of technical problems: if the anonymity of the system is compromised, if money is lost or stolen, or if hackers or governments are able to prevent any transactions from settling. There may be no mechanism for the recovery of lost or stolen Virtual Assets. Any Virtual Asset or technology may change or otherwise cease to operate as expected due to a change made to the underlying technology, a change made using features or functions built into the underlying technology or a change resulting from an attack. These changes may include, without limitation, a “fork” or “rollback” of a Virtual Asset or blockchain. Finally, due to their nature, technological difficulties experienced by Backpack Exchange may prevent access or use of Virtual Assets. * **Irreversible** **transactions** - Each Virtual Asset has its unique deposit address. If an exchange user accidentally deposits any other Virtual Assets into the address, those Virtual Assets would be lost forever and cannot be recovered. Likewise, if an exchange user accidentally types in a wrong withdrawal address, once the withdrawal request is processed and the transaction is completed from the Exchange’s end (once the Virtual Asset leaves Backpack Exchange’s wallet system), the transaction is irreversible, and the withdrawn amount cannot be retrieved by the exchange user. Finally, and for the same reason, Virtual Assets which are stolen as a result of a cyber-attack, as well as Virtual Assets where the private keys are lost, destroyed or stolen, may not be recoverable. * **Acceptance as payment** - There is no assurance that a counterparty who accepts a Virtual Asset as payment today will continue to do so in the future. Changes to laws and regulations might prevent a counterparty from accepting a Virtual Asset as payment. Virtual Assets not being a "legal tender", a counterparty could refuse to accept them as a means of payment. * **No central bank or other official support -** There is no central bank that can take corrective measures to protect the value of Virtual Assets in a crisis. Virtual Assets are only backed by technology and mutual trust, and therefore rely heavily on the technology and economic model its community and developers have built. Any changes in the core logics of these could result in a collapse of its price and value. * **Regulatory risk -** The regulation of Virtual Assets continues to evolve in various jurisdictions. Regulation may develop that restricts the use of Virtual Assets or otherwise influences the demand for Virtual Assets, which may affect the price of Virtual Assets. Furthermore, banks and other financial institutions may refuse to process funds for Virtual Asset transactions, process wire transfers to or from Virtual Asset trading platforms, Virtual Asset-related companies or service providers, or maintain accounts for persons or entities transacting in Virtual Assets. This might result in you holding Virtual Assets which you are unable to convert into fiat currency to use. * **Tax risk -** Virtual Assets gains are typically subject to tax, depending on the user’s country of residence, and may impact a user’s tax footprint or optimization. If you have any further tax concerns pertaining to Virtual Assets you are best advised to visit the relevant country’s tax website or consult your own financial, investment, tax, or legal adviser. * **Stablecoin Risks**. Stablecoins are often backed by reserves including fiat currencies, short term government and other bonds, as well as other assets. However, they are generally not subject to any form of deposit or government insurance. For some stablecoins, the underlying reserves may not be audited, and the types of reserves backing the stablecoin is unable to be confirmed. As a result, in addition to fees charged by the issuers, users and investors may face difficulties redeeming stablecoins for their underlying assets. In addition, if the collateral loses value, or are seen as unstable, non-redeemable, or not otherwise protected, whether in actuality or in perception, then the stablecoin may destabilize, resulting in a loss of the peg. The security and operational integrity of the custody and mint and redemption platforms associated with stablecoins are also critical. Any breach or failure can result in significant losses to stablecoin holders. Stablecoin issuers and operators also navigate complex and evolving regulatory landscapes across jurisdictions. Failure to comply with these financial laws and regulations can result in fines, restrictions or the shutdown of operations, affecting the value and liquidity of the stablecoin. * **Memecoin Risks**. Memecoins often rely on social media buzz, hype and endorsements from influencers and opinion leaders for their valuation. Any negative shift in sentiment or fading interest can rapidly cause their value to depreciate, including to zero in a short amount of time. In addition, unlike traditional assets or some crypto assets with utility or underlying projects, meme coins often lack intrinsic value, making their long-term viability and price stability highly uncertain. In addition, the memecoins are susceptible to manipulation through pump-and-dump schemes, where prices are artificially inflated to attract buyers before the assets are sold off, leading to a sharp decline in value. Many meme coins are also launched with minimal planning or long-term vision, and the risk of developers abandoning the project is significant. The success of certain meme coins has led to a proliferation of similar tokens, many of which are created solely to scam unwary investors. Distinguishing legitimate projects from scams in a hype-driven market can be highly challenging. ‍ **2\. Risks associated with Backpack Exchange products and services** * **Trade execution risk -** Backpack Exchange may perform additional reviews or monitoring of a user’s onboarding or any Virtual Asset trade and transaction request which might require, among other things, requesting additional documentation during such review or monitoring. This additional review or monitoring, which may be required for compliance reasons, may delay trading, and therefore could potentially cause a user to miss out on a trade opportunity or expected profit. * **Internet** **trading risks** - There are risks associated with Backpack Exchange’s technology service providers which enable its users to trade on its exchange. Although Backpack Exchange carefully chooses its providers and the solutions it uses, Backpack Exchange’s users would still be exposed to risks which include, but are not limited to, the failure of hardware, software and hacking through internet connection. users may experience communication failures, disruptions, errors, distortions, or delays when trading due to network failure from the user’s end, which might result in losses. * **Risks of cyber-attack** * _Website Phishing Risk_: Attackers may host a similar website which has a similar domain name as the Backpack Exchange website. By sending phishing emails or chat messages, attackers may induce users to access the phishing website where they would input their password or disclose other sensitive information, which could then be used by the attackers. * _Official Account Phishing Risk_: Attackers may create accounts with the same nickname and avatar as Backpack Exchange employees on websites, social media pages or chat rooms. With these fake accounts, attackers may induce users to disclose their passwords or other sensitive information. * _"Remote Hacking" Risk_: users can expose their computer or mobile device to remote hacking by unconsciously downloading viruses from the internet or other connecting devices. Hackers can then access and control a user’s device without the user being aware. In this case, a hacker might login to and operate a user’s trading account. If a hacker has obtained enough information for him to pass all security measures on the Backpack Exchange online trading platform, and the system is tricked into considering the attacker as the legitimate user, the attacker would be able to transfer all funds or Virtual Assets in the user’s account to other addresses. * **Weak User Password/"Brute force" attack risk -** Users sometimes use weak passwords to protect their Backpack Exchange accounts. Attackers may attempt to login to the Backpack Exchange online trading platform by attempting to guess a user’s password through trial and error, by enumerating weak or common passwords, or by using username password combinations leaked from other websites. * **"Hard Forking" risk** \- A "hard fork" results in a Virtual Asset forked from the original one. Accepting the original Virtual Asset does not mean Backpack Exchange automatically accepts any new Virtual Asset that is forked from the original accepted one. In case that Backpack Exchange does not support the forked Virtual Asset, users will not be able to trade the forked Virtual Asset and need to withdraw it to other addresses for further action. During this time the price of the forked Virtual Asset might decrease. * **Regulatory risk -** Backpack Exchange may be subject to supervisory or enforcement action by certain regulators or government agencies, which may result in suspension of trading on the Backpack Exchange Platform or in users being unable to have control or access over their Virtual Assets for a period of time. This could eventually impact the value of Virtual Assets. [PreviousVARA License Informationchevron-left](https://support.backpack.exchange/legal/vara-disclosures/vara-license-information) [NextPrice Quoteschevron-right](https://support.backpack.exchange/legal/vara-disclosures/price-quotes) Last updated 7 months ago --- # Price Quotes | Backpack Exchange For spot trading, the price of each Virtual Asset is solely determined by users on the orderbook (i.e., the price other users are willing to buy or sell). Such market price may be influenced by a number of factors, such as liquidity of the token and market volatility. For the convert feature, Backpack Exchange operates a request-for-quote system whereby (1) a user will submit a request to purchase or sell a given number of Virtual Assets, (2) Backpack Exchange will request quotes from liquidity providers to fulfill the users' request, and (3) provide the user with the best quote with a small additional spread charged by Backpack Exchange. [PreviousRisk Disclosureschevron-left](https://support.backpack.exchange/legal/vara-disclosures/risk-disclosures) [NextExchange Trading Ruleschevron-right](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules) Last updated 11 months ago --- # Exchange Trading Rules | Backpack Exchange ‍**Last updated: August 21, 2025** [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.gjdgxs) 1 Introduction ------------------------------------------------------------------------------------------------------------------------------- 1.1. These exchange trading rules (“Rules”) specify the requirements and conditions for Users to trade on the Virtual Asset exchange platform, mobile application or other platforms \[website [backpack.exchange](https://support.backpack.exchange/legal/backpack-exchange-disclaimer-re-ftx-creditor)\ \] (“collectively Platform”) operated by Trek Labs Ltd FZE d/b/a Backpack Exchange(“Backpack Exchange”), a company established in the Emirate of Dubai and licensed and regulated by Dubai Virtual Assets Regulatory Authority (“VARA”) under license number \[VL/23/07/001\] 1.2. These Rules govern the use of the Platform including access to the Order Book and the Orders placed via Platform. 1.3. Capitalized terms not defined herein shall have the meanings ascribed to them in the Backpack Exchange User Agreement (“User Agreement”) entered into between the User and Backpack Exchange 1.4. Each User expressly agrees to be bound and comply with these Rules and any rules, procedures, notices, instructions or directions issued by Backpack Exchange pursuant to these Rules. 1.5. Users must read and acknowledge the Risk Disclosure Statement, before trading on the Platform. 1.6. These Rules form part of the User Agreement entered into between each User and Backpack Exchange and in the event of any conflict between these Rules and the User Agreement, these Rules shall prevail. 1.7. These Rules along with the User Agreement and the Risk Disclosure Statement constitute a binding contract between Backpack Exchange and each User of the Platform. [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.30j0zll) 2 Applicability --------------------------------------------------------------------------------------------------------------------------------- 2.1. These Rules shall be applicable to all Users and to all transactions facilitated on the Platform. 2.2. These Rules and amendments thereto shall be effective from the date of the publication. 2.3. Users of the Platform shall be subject to these Rules until they cease to be a User, for any reason whatsoever. A former User shall be bound by these Rules in respect of all activities which took place prior to termination of the User’s access and privileges. [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.1fob9te) 3 Scope of Backpack Exchange’s powers ------------------------------------------------------------------------------------------------------------------------------------------------------- 3.1. Backpack Exchange is empowered under these Rules to supervise its market. Without limitation, Backpack Exchange reserves the right to: 3.1.1. notify terms, conditions, rules, restrictions, and procedures for registration of Users; 3.1.2. notify terms, conditions, rules, restrictions and procedures to be complied with for admission and continued inclusion, of Virtual Asset(s) or other tokens, for trading on the Platform; 3.1.3. stipulate the terms, conditions, rules, restrictions, and procedures, including the time, mode and manner, for Execution of trades between Users and the trading and settlement procedures for Backpack Exchange’s market in compliance with the Applicable Laws and Regulations; 3.1.4. determine fees and other charges payable to Backpack Exchange by Users; 3.1.5. initiate disciplinary proceedings against Users and impose disciplinary actions as per Rules 13 and 14 of these Rules; 3.1.6. take such actions as Backpack Exchange deems necessary to ensure fair and orderly trading in the market; 3.1.7. notify the terms, conditions and procedures to suspend or terminate a User’s access to the Platform; 3.1.8. Impose restrictions on a User’s usage of the Platform including trading limits; 3.1.9. impose suspension of trading; 3.1.10. amend these Rules from time to time; 3.1.11. undertake any measures or steps as may be mandated by VARA, or any other Competent Authority in relation to Backpack Exchange’s Platform, the listed Virtual Assets or the Users; 3.1.12. exercise any other powers which Backpack Exchange may have under the User Agreement; and 3.1.13. exercise any powers which it may have under Applicable Laws and Regulations. [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.1y810tw) 4 User Access and Code of Conduct --------------------------------------------------------------------------------------------------------------------------------------------------- 4.1. Backpack Exchange enables Users to directly trade on the Platform, without the involvement of any intermediary or member, upon successful completion of the onboarding process of Backpack Exchange. 4.2. Backpack Exchange conducts due diligence of each new User before onboarding and monitors their ongoing compliance with the Applicable Laws and Regulations. 4.3. The admission of any applicant as a User shall be at the sole discretion of Backpack Exchange. 4.4. Backpack Exchange will grant access to the Platform or its services only to an applicant who has: 4.4.1. completed the online application form; 4.4.2. entered into the User Agreement; 4.4.3. read, understood, and agreed to abide by these Rules, and confirmed as such by ticking the applicable box on the Platform; 4.4.4. met the criteria in Rule 5; 4.4.5. provided such additional information as Backpack Exchange may require for completing the onboarding and due diligence; and 4.4.6. completed all the onboarding procedures including but not limited to AML and KYC procedures as provided in these Rules to the satisfaction of Backpack Exchange . 4.5. As part of the onboarding process, applicants are required to provide Backpack Exchange with relevant information and documentation for identity verification and other screening procedures. Based on Backpack Exchange ‘s risk assessment, Backpack Exchange may at its discretion, require an applicant to provide additional documents/information. 4.6. Backpack Exchange shall, on an ongoing basis, review client due diligence (“CDD”) records to ensure that the records are up-to-date and that no identification documents provided have expired. 4.7. The User acknowledges that Backpack Exchange, either directly or through a third party, may conduct necessary checks to verify the User's identity, identify traces of money laundering, terrorist financing, fraud or other financial crimes or for other lawful purposes. These checks may include but are not limited to (a) verifying the User's identity information in public reports, such as their name, address, past addresses, or date of birth; and (b) taking actions that Backpack Exchange deems reasonably necessary based on the results of such verifications and reports. 4.8. Backpack Exchange may, in its absolute discretion, accept the applicant as a User, if the applicant complies with Rule 4.2 and Rule 4.3, and satisfies the criteria in Rule 5. 4.9. Backpack Exchange retains the absolute right, without any liability or obligation to provide an explanation, to suspend or terminate a User's access to the Platform in accordance with the terms outlined in the User Agreement and these Rules. In case of such suspension or termination of access, Backpack Exchange will notify the user via email or other forms of communications permitted by the User. 4.10. Backpack Exchange shall engage in ongoing monitoring of the User's transactions on the Platform and retains the right to request supplementary documentation or information from the User concerning any transaction conducted on the Platform. 4.11. Backpack Exchange reserves the right to classify the User as a Retail Investor or an Institutional Investor, in accordance with the Applicable Laws and Regulations. [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.2et92p0) 5 Eligibility Criteria ---------------------------------------------------------------------------------------------------------------------------------------- 5.1. By registering to open and use a Backpack Exchange Account, the applicant represents and warrants that the applicant: 5.1.1. is a natural person above 18 years of age or a legal person validly organized and in good standing under the Applicable Laws and Regulations; 5.1.2. as a natural person or legal person has full legal capacity and sufficient authorizations to be bound and comply with these Rules; 5.1.3. has not previously been suspended or terminated as a User of Backpack Exchange or any other Virtual Asset exchange; 5.1.4. does not have an existing account with Backpack Exchange; 5.1.5. if a natural person, is applying for an Account exclusively for their own use and not on behalf of any other person; 5.1.6. if acting as an employee, agent of or on behalf of a legal entity, the applicant has all the necessary rights and authorizations to bind such legal entity and to access and use the Platform on behalf of such legal entity; 5.1.7. has full power and authority to enter into the User Agreement and in doing so will not violate any other agreement to which the applicant is a party; 5.1.8. is not located in, or a citizen or resident of any state, country, territory, or other jurisdiction where access to the Platform or the use of Backpack Exchange ’s services may be restricted or prohibited by Backpack Exchange (for example, jurisdictions that are subject to economic sanctions); 5.1.9. has not been named on any sanctions list or otherwise subject to any applicable sanctions; 5.1.10. is of sufficient good repute; 5.1.11. has sufficient technical competence to use the facilities of the Platform; 5.1.12. has read and understood the Risk Disclosure Statement and other risks associated with the use of the Platform or Virtual Assets in general. 5.1.13. has not been convicted of an offense involving any crime or financial impropriety; and 5.1.14. confirms that they have accurately declared if their status is a Politically Exposed Person (“PEP”) in accordance with Applicable Rules and Regulations 5.2. An applicant will only be granted access to the Platform if they meet all of the criteria outlined in Rule 5.1 to Backpack Exchange’s satisfaction. This procedure has been implemented to ensure that only qualified and appropriate applicants are granted access, thereby enhancing the safety and reliability of the Platform for all Users. [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.tyjcwt) 6 Compliance ----------------------------------------------------------------------------------------------------------------------------- 6.1. It is the User’s responsibility to abide by these Rules, the User Agreement and the Applicable Laws and Regulations, in relation to the usage of the Platform. 6.2. The User hereby declares that the funds used by the User for trading on the Platform originate from legitimate sources and do not originate from illegal activities. The User further agrees that Backpack Exchange may require a User to provide or otherwise collect the necessary information and materials in accordance with Applicable Laws and Regulations to verify the legality of the sources of their funds. 6.3. Backpack Exchange maintains a stance of cooperation with Competent Authorities globally and has the authority to seize, freeze, and terminate Users’ accounts and funds which are flagged out or investigated by a Competent Authority. 6.4. A User must comply or procure compliance with any request by Backpack Exchange for explanation or verification of information provided by or on behalf of that User to Backpack Exchange . 6.5. Backpack Exchange may immediately report to the Competent Authority any User conduct which may comprise market abuse, financial crime, or a breach of Applicable Laws and Regulations or Backpack Exchange suspects of it, and share the required details relating to the User including User’s positions in the Order Book, in particular, details of any large positions held and changes to the position limits. 6.6. Backpack Exchange may, by written notice, require information from a User about any matter which Backpack Exchange considers may relate to these Rules or to the integrity of the Platform, or the market or which Backpack Exchange may require for the purpose of compliance with Applicable Law and Regulations. 6.7. A User must not knowingly, recklessly or carelessly provide Backpack Exchange with any information (including information for the purpose of becoming a User) which is false, misleading or inaccurate. [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.3dy6vkm) 7 Enforcement ------------------------------------------------------------------------------------------------------------------------------- 7.1. These Rules empower Backpack Exchange to supervise its market and the conduct of the Users on the Platform. To this effect, Backpack Exchange may use a wide range of powers, including but not limited to surveillance, monitoring, review, examination, and investigation. Backpack Exchange may also exercise these powers to ensure that the Users comply with these Rules, the User Agreement and the Applicable Law and Regulations. 7.2. In the exercise of these powers, Backpack Exchange, at its absolute discretion, may request the User to produce any accounts, documents, books, contracts, or any other records. 7.3. Backpack Exchange may, through its officers, employees or agents including auditors, investigate into the conduct and affairs of a User including, inter-alia: 7.3.1. any suspected breach of these Rules by a User regardless of how a suspected breach comes to its attention; 7.3.2. any complaint against a User for any acts or omissions; or 7.3.3. any matter which may affect fair and orderly trading. 7.4. In furtherance to the investigation under Rule 7.3, the User acknowledges that Backpack Exchange reserves the right to disclose information and documents provided by or relating to a User: 7.4.1. for the purpose of enabling it to institute, carry on or defend any proceedings including any court proceedings; 7.4.2. under compulsion of law in any jurisdiction; 7.4.3. for the purpose of enabling Backpack Exchange to discharge its functions having regard in particular to the maintenance of high standards of integrity and fair dealing; or 7.4.4. for any other purpose with the consent of the User from whom the information was obtained or to whom the information relates. 7.5. Backpack Exchange has no obligation to notify a User that an investigation is underway. 7.6. Following an investigation pursuant to Rule 7.3., if Backpack Exchange determines, in its absolute discretion, that a breach of these Rules has occurred and was committed by a User, Backpack Exchange may take disciplinary action against such a User in accordance with these Rules. 7.7. Backpack Exchange shall record any investigations and disciplinary actions taken against a User on a User’s compliance record. 7.8. The User must provide all reasonable assistance requested by Backpack Exchange (whether acting directly or through its agents) in relation to an investigation. The User agrees to provide assistance within the timeframes specified by Backpack Exchange . [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.1t3h5sf) 8 User’s ongoing responsibilities --------------------------------------------------------------------------------------------------------------------------------------------------- 8.1. The User agrees to comply with the following ongoing obligations: 8.1.1. refrain from engaging in prohibited activities such as market manipulation, market abuse, misleading acts or practices, fraudulent transactions, or actively participating in financial crime; 8.1.2. refrain from using web crawlers or similar techniques to access the Platform or extract data; 8.1.3. abstain from sending or receiving Virtual Assets to or from wallet addresses that are suspected of involvement in financial crimes; 8.1.4. abstain from taking actions that place an excessive or unfairly large burden on the Platform, or interfere with, intercept, or appropriate any system, data, or information on the Platform; 8.1.5. abstain from attempting to reverse engineer or disassemble any part of the Platform to gain access to source code, underlying ideas, concepts, or algorithms; 8.1.6. abstain from infringing upon Backpack Exchange’s or any third party's copyright, patent, trademark, or intellectual property rights; 8.1.7. maintain a strong password to ensure the security of their Account and protect their password from unauthorized access or use; 8.1.8. implement and maintain suitable security systems for the environment in which the Platform is used, to prevent computer virus attacks and unauthorized access; 8.1.9. cooperate with Backpack Exchange and any Competent Authority during any investigation that is conducted in relation to the User’s conduct on the Platform; 8.1.10. ensure that they make all the notifications required under Rule 9 in a timely manner; 8.1.11. abide by any undertaking made by them and the User Agreement; 8.1.12. adhere to the procedural, operational, and technical requirements of Backpack Exchange as stipulated by Backpack Exchange from time to time, which are necessary for using the Platform; 8.1.13. ensure any information or documents provided to Backpack Exchange, including CDD information and documents, are kept up-to-date and are accurate; 8.1.14. pay such fees and charges as may be applicable to the User under these Rules; 8.1.15. indemnify and hold harmless Backpack Exchange, its directors, officers, employees and agents from and against any liabilities, claims, actions (or threatened actions), proceedings, demands, costs expenses, damages (including attorney fees and fines or penalties imposed by any Competent Authority), suits, investigations, arising from or related to the (i) User’s access or use of the Platform; (ii) breach of these Rules or the User Agreement; (iii) violation of Applicable Law or Regulations or rights of any third party. This indemnity includes any damages resulting from direct acts or omissions, such as a breach of these Rules or violation of any Applicable Laws and Regulations. Backpack Exchange shall have [the right toarrow-up-right](https://www.lawinsider.com/clause/the-right-to) [undertakearrow-up-right](https://www.lawinsider.com/clause/undertake) , [conductarrow-up-right](https://www.lawinsider.com/clause/conduct) and [controlarrow-up-right](https://www.lawinsider.com/clause/control) , through [counselarrow-up-right](https://www.lawinsider.com/clause/counsel) of its own choosing and at the sole [expense ofarrow-up-right](https://www.lawinsider.com/clause/expense-of) the User, the conduct and [settlement of anyarrow-up-right](https://www.lawinsider.com/clause/settlement-of-any) [third party claimarrow-up-right](https://www.lawinsider.com/clause/third-party-claim) .; 8.1.16. observe high ethical standards to ensure fair and orderly trading, preserve market integrity and act with honesty, integrity, fairness, due skill and care when conducting any activities on the Platform; 8.1.17. refrain from any action or conduct which may impact or harm the reputation of Backpack Exchange; 8.1.18. continue to always meet the criteria under Rule 5 as long as they are Users on the Platform; and 8.1.19. ensure that any personal data provided to Backpack Exchange is up-to-date and correct. 8.2. The User is responsible for all acts, omissions, and activities conducted on their Accounts. 8.3. The User shall act as principal in respect of all of its interactions with Backpack Exchange and activity on the Platform. 8.4. The User must refrain from participating in any Prohibited Conduct as outlined in Rule 12 of these Rules. 8.5. The User shall not: 8.5.1. Coordinate prices (including quotations), trades, or trade reports with any other market participant or any other person; 8.5.2. Direct or request another market participant to alter a price (including a quotation); or 8.5.3. Engage, directly or indirectly, in any conduct that threatens, harasses, coerces, intimidates, or otherwise attempts improperly to influence another User, market participant or any other person. 8.6. The User is responsible for ensuring that they have: 8.6.1. sufficient authority to transact business on the Account; 8.6.2. sufficient knowledge and understanding of their responsibilities under these Rules and the Applicable Law and Regulations at all times; 8.6.3. sufficient knowledge, understanding and experience with respect to financial markets, Virtual Assets, and trading. [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.4d34og8) 9 Notification obligations -------------------------------------------------------------------------------------------------------------------------------------------- 9.1. The User must notify Backpack Exchange as soon as practicable: 9.1.1. if they have or may have committed a breach of these Rules, the User Agreement or any relevant Applicable Laws and Regulations; 9.1.2. if a Competent Authority is investigating the User or instituting any investigation, disciplinary or enforcement proceedings against the User; 9.1.3. the receipt of an injunction, or the imposition of a sanction against the User by any Competent Authority, which may be material in the context of the User’s usage of the Platform or their obligations under these Rules; 9.1.4. if they discover or suspect any unauthorized access or use of their Account or any security breaches related to their Account; 9.1.5. any material change in the User’s ability to comply with these Rules, the User Agreement or the Applicable Laws and Regulations; 9.1.6. any changes or prospective changes affecting their ability to meet the criteria set out herein or any matter which results in the User being unable to comply with the criteria under Rule 5; and 9.1.7. if there is a need to report a material incident in relation to their Account, including any material operational problems or security concerns related to their Account. 9.2. The aforementioned notifications must be made using the appropriate means as notified by Backpack Exchange to the User from time to time, including through the user interface. Failure of a User to notify Backpack Exchange in such circumstances will be considered a breach of these Rules by that User. [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.2s8eyo1) 10 Listing and trading ---------------------------------------------------------------------------------------------------------------------------------------- 10.1. The decision to permit a Virtual Asset for trading on the Platform is solely at the discretion of Backpack Exchange. A notice will be issued by Backpack Exchange containing important information about the new Virtual Asset's admission, such as the effective date of admission and the duration of the pre-open session for trading, if any. 10.2. Order Book: Backpack Exchange operates an Order Book-based trading platform offering various Virtual Asset-to-Virtual Asset and Virtual Asset-to-fiat currency Trading Pair. Trades are settled in either Virtual Assets or fiat currencies. Each User’s Account will display which Order Books are available to the User. 10.3. The Platform and its Order Books are available for trading 24 hours a day, 7 days a week, except for Interruptions and Downtime as provided under these Rules. 10.4. Orders 10.4.1. Backpack Exchange may offer various order types to its users from time to time, as described in more details herein. 10.4.2. A User may place an Order on an Order Book provided that the User must have an Available Balance of the relevant Virtual Asset and/or fiat currency in their Account, which is sufficient to cover the total value of the Order including any applicable fees chargeable by Backpack Exchange. 10.4.3. Upon placing an Order, the relevant quantity of the applicable Virtual Asset / fiat currency the User’s Account becomes subject to a Hold. 10.4.4. A User can place an Order in three different ways i.e., (i) a Limit Order; (ii) a Market Order; or (iii) a Stop Order. 10.4.5. A User can cancel an open Limit Order or a Stop Order at any time before it is Executed. No fee is charged for successfully canceled Orders. 10.5. Limit Orders 10.5.1. Limit Order: A Limit Order is an Order where the User sets a maximum or minimum price at which the Order can be Executed. 10.5.2. A Limit Order will only be Executed at the specified price or a better price, i.e. a lower price than the specified price for a purchase and a higher price than the specified price for a sale. 10.5.3. A Limit Order, if selected with the ‘post-only’ option, will be posted to the Order Book if there are no existing orders on the other side of the Order Book. A User’s Limit Order with ‘post-only’ selected will always be a Maker Order. 10.5.4. A Limit Order without ‘post-only’ option, will be immediately posted to the Order Book (subject to any Time in Force Instructions) and can result in a Maker Order or a Taker Order, or an Order that is partially a Maker Order and partially a Taker Order. 10.5.5. Limit Orders may be placed with one of the following “Time in Force Instructions”, which may vary by Platform: ● Good till canceled: If posted, the Order will remain on the Order Book until canceled by the User. This is the default Time in Force Instruction. ● Immediate or Cancel: The Order will be posted to the Order Book only to the extent that it would immediately be Executed and any remaining quantity is canceled. This results in a Taker Order. ● Fill or Kill: The Order will only be posted to the Order Book if it would be immediately and completely Executed. This results in a Taker Order. 10.5.6. The default setting for the User will be Good till canceled, which will apply unless the User specifies a different Time in Force Instruction as provided under Rule 10.5.5. 10.6. Market Orders 10.6.1. Market Order: A Market Order is an Order to buy or sell a specified quantity of a Virtual Asset at the current best available market price of existing Orders on the Order Book. 10.6.2. A Market Order is not guaranteed to Execute at a particular price. A Market Order may be Executed at a number of different prices, based on the quantity of the Market Order and the quantities of the existing Orders on the Order Book at the time of placing a Market Order. 10.6.3. Depending on the volume and prices of Orders on the Order Book, when a Market Order is posted, the Market Order may be Executed at a price less favorable than the most recent trade price which is considered as a ‘slippage’. 10.6.4. A valid Market Order will be immediately posted to the Order Book. 10.6.5. A Market Order is always a Taker Order. 10.7. Stop Orders 10.7.1. A Stop Order is an instruction to post an Order to buy or sell a specified quantity of a Virtual Asset but only if and when the last trade price on the Order Book equals or surpasses the Stop Price. 10.7.2. Once a Stop Order has been placed, it is considered ‘active’ until it executes by posting the relevant Order when the Stop Price is triggered. 10.7.3. A Stop Order is not posted to the Order Book and is not visible to other Users, but any resulting Order is posted and visible. All Stop Orders are placed without 'post-only' enabled. 10.7.4. A Stop Order must be placed as a Stop Limit Order, which posts a Limit Order when the Stop Price is triggered. 10.7.5. A Stop Limit Order is not guaranteed to Fill. 10.7.6. Stop Orders may only be placed with a Good till cancelled under Time in Force Instruction. 10.8. Posting of Orders to the Order Book 10.8.1. “Taker Order”: If an Order is posted to the Order Book at the same price on the other side as one or more existing Orders, it is a Taker Order which will result in an immediate Fill at that price, to the extent of the total quantity of those existing Orders. 10.8.2. “Maker Order”: To the extent that an Order is posted to the Order Book at a different price to all existing Orders, it is a Maker Order which will remain open at that price on the Order Book until: ● it is canceled by the User; ● it expires due to a Time in Force Instruction; or ● it is completely Filled by one or more Taker Orders placed by another User at the same price. 10.8.3. A User may modify an Order entered in the Order Book at any time before the Order is Filled. 10.8.4. Modified Orders shall lose their original time priority and be given a new time stamp. 10.9. Order Protections You can elect to subject all of your Market Orders and Limit Orders to a price protection point (PPP) as set forth at Backpack Exchange. If enabled, Market and Limit Orders will Fill or be Executed at prices up to the PPP from the mid-point price between the best bid and best offer on the Order Book at the time the Order was placed by the User. If a Market or Limit Order would Fill against Orders beyond the PPP, the Order will partially Fill up to the PPP level and the matching engine will cancel all remaining portions of the Order. 10.10. Order Minimums/Maximums All Orders placed on the Backpack Exchange Platform are subject to a minimum order size depending on the Order Book, which you can view at [backpack.exchange](https://support.backpack.exchange/legal/backpack-exchange-disclaimer-re-ftx-creditor) . In addition, all Orders are subject to a dynamic maximum order size that varies based on the order book depth. Updating Order Parameters: Backpack Exchange will periodically update these Order parameters. Users can refer to the latest parameters on the Backpack Exchange’s website at [backpack.exchange](https://support.backpack.exchange/legal/backpack-exchange-disclaimer-re-ftx-creditor) . 10.11. Position Limits A User’s maximum position limit in any Order Book shall be the greater of (a) US$1,000,000 or (b) 1% of the average daily transaction volume for the market in the immediately preceding 30 days. 10.12. Matching Engine and Order Priority 10.12.1. Backpack Exchange matches Taker Orders with Open Maker Orders on each Order Book based on Price-Time Priority as defined under Rule 10.12.2. 10.12.2. “Price-Time Priority” means that each time a Taker Order is posted: The Taker Order is matched with the earliest in-time Maker Order at the best price on the Order Book; and to the extent that the Taker Order is not completely Filled by that Maker Order, it is matched with any subsequent Maker Orders at that price, in the sequence those Maker Orders were posted; and to the extent that the Taker Order is not completely Filled by one or more Maker Orders described above, it is matched with one or more Maker Orders at the next best price, in the sequence those Maker Orders were posted, and this process is repeated until the Taker Order is completely Filled. 10.12.3. All Users on Backpack Exchange are subject to the same Price-Time Priority. 10.12.4. Subject to Time in Force Instructions, an Order may be matched with a number of corresponding Orders at the same price. 10.12.5. Users understand and acknowledge that the Taker Orders are matched with the best available existing Maker Orders. This means that a Limit Order placed outside the market (i.e. a Sell Order below the highest existing Buy Order, or a Buy Order above the lowest existing Sell Order) will be Filled by the best available existing Order rather than an existing Order with the same price as the Limit Order. 10.13. Fills and Settlement 10.13.1. When a Maker Order is matched with a Taker Order, those Orders are Filled. An Order may be matched with and Filled by one or more Orders at the same price. 10.13.2. All partially or fully Filled Orders are settled in real-time, by debiting and crediting the relevant balances of Virtual Assets and/or amount of fiat currency in both Users’ Accounts. Backpack Exchange acknowledges that it is responsible for completing the final settlement of a Virtual Asset transaction within 24 hours of its execution on the trading venues, subject to circumstances beyond the control of Backpack Exchange. This includes any limitations or malfunctioning of any DLT that is not controlled by the Backpack Exchange or its group. 10.13.3. Subject to daily withdrawal limits and the User Agreement, a User may immediately withdraw all Virtual Assets and/or amount of fiat currency in their Account. 10.14. Trading Fees 10.14.1. Backpack Exchange understands and acknowledges that Backpack Exchange’s fee structures are transparent, fair, and non-discriminatory. Backpack Exchange further acknowledges that Backpack Exchange will not impose any fee that disrupts the fair and orderly functioning of any market involving Virtual Assets. Fees may vary between Order Books. The current fee rates can be found at [https://support.backpack.exchange/en/articles/394945arrow-up-right](https://support.backpack.exchange/en/articles/394945) . 10.14.2. charges a Maker fee for each Maker Order and a Taker fee for each Taker Order that is posted to the Order Book. The fee is charged in the Quote Asset and is calculated as a percentage of the Order quantity. 10.14.3. A fee is charged by debiting the User’s Order for the amount of the fee at the time the Order is Filled. 10.14.4. If an Order is posted to the Order Book partially as a Maker Order and partially as a Taker Order, a Maker fee applies to the portion posted as a Maker Order and a Taker fee applies to the portion posted as a Taker Order. 10.14.5. Users understand and acknowledge that certain Users may be eligible for volume-based fee discounts based on their historical trading volume across all Order Books. Such Users will be notified of any applicable discounts while trading on the Platform. 10.15. Notification Users will receive a confirmation notification every time they have placed an Order, canceled an Order, and updates within the account section of filled orders and fill history. 10.16. Order Records 10.16.1. Backpack Exchange shall maintain a full audit trail of the following details for every Order: ● User identification number; ● Date and time of the Order; ● Trading Pair; ● Order type and whether it is to buy or sell a Virtual Asset; ● Order Status whether the Order is open, partially filled, filled or cancelled; ● Price at which the Order is placed, Filled and/or canceled; ● Price and Fee where the Order is Filled; and ● Quantity: order size measured in Virtual Asset units (Trading Pair). 10.17. Market Integrity 10.17.1. All Executed Orders are final and will not be reversed unless: ● Backpack Exchange is compelled to do so by any Applicable Laws and Regulations; ● The Order has been Filled or Executed due to a serious technical error. In such circumstances, Backpack Exchange will make all reasonable efforts to restore all Users to the position they would have been in if the error had not occurred. 10.17.2. Backpack Exchange may cancel Open Orders for any reason, in its sole discretion, including, but not limited to, in the following circumstances: ● Orders placed by Users who, in Backpack Exchange‘s sole discretion, have engaged in abusive use of the Platform, for example, market manipulation, wash trading, using the API in a manner which unreasonably burdens the Platform, or other illegal or similar activities. ● Orders which under the circumstances involve an error with respect to price, quantity, or other parameters - a ‘clearly erroneous transaction’. ● If required by any Applicable Law and Regulations, including specifically where Backpack Exchange is required to suspend or terminate a User’s Account in accordance with these Rules. ● If required for routine or unscheduled maintenance, or other technical reasons. 10.18. Access 10.18.1. All Users have equal access to the Backpack Exchange Order Books. Backpack Exchange does not provide prioritized access to any User. 10.18.2. Backpack Exchange has the authority to take any action deemed appropriate to preserve market integrity. Such actions include, but are not limited to, the halting of trading, modifying risk-mitigating parameters, restricting User access to the Platform or any Order Book, restricting order types to post-only or limit only, canceling orders resting in the Order Book, or any other actions deemed to be in the best interest of the Platform. 10.18.3. Backpack Exchange may periodically shut down access to the Platform, and interrupt any automatic functions for the following reasons: (a) emergency maintenance (including unscheduled maintenance); (b) planned or unplanned system and software updates; and (c) due to any other event or occurrence that Backpack Exchange considers, in its sole discretion, to be a reason to suspend or shut down the operations on the Platform. 10.18.4. In addition to the actions that Backpack Exchange may undertake as provided under Rule 10.19, Users acknowledge and agree that Backpack Exchange reserves the right (without any liability resulting of Backpack Exchange or any Backpack Exchange affiliates involved in the provision of the Backpack Exchange services) to disable, update, cancel, restrict or otherwise modify any content, components or features of the Platform. 10.19. Interruptions 10.19.1. If technical reasons prevent or degrade Users’ ability to place or cancel Orders, or prevent or degrade access to Backpack Exchange APIs or the Platform or affect the operation of Order Books or matching engines, then Backpack Exchange may, in its own discretion, take one or more of the following actions in respect of one or more Order Books; ● Temporarily disable depositing or withdrawing Assets. ● Cancel Open Orders. ● Disable the ability to place new Orders (Cancel-only Mode). ● Disable Order Books altogether. ● Disable sign-in. ● Disable the Backpack Exchange APIs. ● Disable access to the Site. 10.19.2. If access to the Platform is unavailable for 5 minutes or longer, Backpack Exchange may move the Platform to Cancel-Only Mode. 10.19.3. In the event that the Platform is in Cancel-only Mode, it will be restored to full operation once access through the Platform is available for at least 5 minutes and Backpack Exchange deems it is safe to restore the Platform to fully operational. 10.19.4. Backpack Exchange will notify Users of the move to or from Cancel-only Mode via [@backpackarrow-up-right](https://x.com/Backpack) on Twitter or [https://status.backpack.exchangearrow-up-right](https://status.backpack.exchange/) . 10.20. Self-Trade Prevention 10.20.1. Users are not able to place an Order which would result in self-execution—i.e., where the same User would act as both the maker and taker for the trade. 10.20.2. If two Orders of the same quantity would result in self-execution, Users will have the option of either (a) canceling the Maker Order, (b) canceling the Taker Order, or (c) canceling both the Maker and Taker Orders. 10.21. Flash Crashes and Circuit Breakers Backpack Exchange does not utilize circuit breakers or automated trading halts based on predetermined price thresholds. As provided in Rules 10.19 and 10.20, Backpack Exchange may, in its discretion, halt trading. 10.22. Prohibition of Market Manipulation 10.22.1. Users are prohibited from engaging in market manipulation. 10.22.2. Market manipulation of any kind is strictly prohibited. Market manipulation is defined as actions taken by any market participant or a person acting in concert with a participant which are intended to: ● Deceive, mislead, or improperly take advantage of other Users or Backpack Exchange ; ● Artificially control or manipulate the price or trading volume of an Asset; or ● Aid, abet, enable, finance, support, or endorse either of the above. 10.22.3. Market Manipulation specifically includes, without limitation: front-running, wash trading, spoofing, layering, churning, and quote stuffing. 10.22.4. The detailed description of Market Manipulation is available under [https://rulebooks.vara.ae/rulebook/h-market-manipulationarrow-up-right](https://rulebooks.vara.ae/rulebook/h-market-manipulation) [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.17dp8vu) 11 Delisting of virtual assets and suspension of trading -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 11.1 Backpack Exchange reserves the right to delist a listed Virtual Asset or suspend trading in relation to a Virtual Asset if: 11.1.1. such delisting or suspension is required by a Competent Authority or has been approved by the VARA; 11.1.2. such delisting or suspension is required for Backpack Exchange to comply with Applicable Laws and Regulations; 11.1.3. such delisting or suspension is required to protect the fair and orderly operation of the Platform; 11.1.4. the relevant Virtual Asset exceeds or is likely to exceed any specific parameters published on the Platform, including where, in Backpack Exchange ‘s discretion, a Virtual Asset, is exhibiting unusual or excessive price volatility; 11.1.5. such delisting or suspension is required as a result of a hard fork affecting the relevant Virtual Asset; and 11.1.6. such delisting or suspension is required in connection with a Downtime. 11.1.7. such delisting or suspension is required due to sustained lack of liquidity [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.3rdcrjn) 12 Prohibited Conduct --------------------------------------------------------------------------------------------------------------------------------------- 12.1 Users are strictly prohibited from participating in, aiding, abetting, allowing, financing, supporting, or otherwise endorsing any behaviour involving market abuse, fraud or any conduct contrary to Backpack Exchange AML procedures including: 12.1.1 engaging in any conduct that is calculated to, or that creates a significant risk of, misleading the market including sharing, publishing, broadcasting or otherwise disseminating false or misleading information on Virtual Assets; 12.1.2 engaging in any conduct amounting to market manipulation, including the placing of any Order: (a) create or execute fictitious transactions or place any Order for a fictitious transaction with knowledge of its nature; (b) place any Order on the Platform which has been pre-arranged (or discussed with another market participant prior to being placed on the Platform) for the purpose of creating an artificial price, fictitious trade, or other disruptive, fraudulent, non-competitive, or unfair impact on the Platform; (c) to give or potentially give a false or misleading interpretation of the supply and/or demand for a Virtual Asset; and/or (d) creating an abnormal or artificial price. 12.1.3 engaging in any conduct that is calculated to create, or creates, a significant risk of, overloading or otherwise impairing the operation of the Platform. 12.2 Each User acknowledges and agrees that if any such techniques or activities are detected (or are reasonably suspected) by Backpack Exchange then any User found or reasonably suspected by Backpack Exchange to have participated, aided, abetted, allowed, financed, supported or otherwise endorsed any behaviour will be subject to disciplinary action in accordance with these Rules. 12.3 The User shall not engage in any trading, practice, or conduct on the Platform that: (a) demonstrate an intentional or reckless disregard for the orderly Execution of transactions; or (b) is, of the character of, or is commonly known as “spoofing” (bidding or offering with the intent to cancel the bid or offer before execution). [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.26in1rg) 13 Default rules and disciplinary actions ----------------------------------------------------------------------------------------------------------------------------------------------------------- 13.1. Backpack Exchange defines a Default Event as any one of the following: 13.1.1. material failure by a User to meet any of its obligations under the User Agreement, these Rules, undertakings given by the User or any other agreement between the User and Backpack Exchange; 13.1.2. material breach of these Rules or the User Agreement by a User; 13.1.3. material misrepresentations made by a User; 13.1.4. User is declared bankrupt or seeks a voluntary arrangement in respect of its debts; 13.1.5. User engages in or attempts to engage in any form of Market Abuse; or 13.1.6. an event of an enforcement proceeding, sanction, formal notification or injunction against the User by a Competent Authority. 13.2. Backpack Exchange may, at its absolute discretion, declare the relevant User as a ‘Defaulter’ on the occurrence of a Default Event. Declaration of a User as a Defaulter shall be made by email to the Defaulter. 13.3. Upon declaring a User as a Defaulter, Backpack Exchange may initiate, taking into account the severity of the Default Event, inter-alia, any of the following disciplinary actions: 13.3.1. Issuing a written warning to the Defaulter; 13.3.2. requiring the Defaulter, via a notice, to provide any information or document within a specified time to assist Backpack Exchange in its investigation of the Default Event; 13.3.3. requiring the Defaulter, via a written notice, to remedy the Default Event, where possible or desirable by Backpack Exchange in its sole discretion, within the time it specifies; 13.3.4. canceling some or all Orders or transactions of the Defaulter; 13.3.5. selling some or all of Defaulter’s Virtual Assets to the credit of the Defaulter's Account; 13.3.6. suspending or terminating the Defaulter’s access to the Platform; and 13.3.7. blocking the Defaulter’s access to their Accounts. 13.4. Backpack Exchange reserves the right to report any Default Event and any disciplinary action taken by Backpack Exchange in respect of any such Default Event to the relevant Competent Authorities. Backpack Exchange will not, and has no obligation to, notify a User before reporting any Default Event to any of the Competent Authorities. [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.4i7ojhp) 14 Penalties ------------------------------------------------------------------------------------------------------------------------------ 14.1. In the event of a violation of any of these Rules, the User shall be subject to penalties as determined by Backpack Exchange . 14.2. The penalties for the violation of these Rules may include but are not limited to, fines, suspension or termination of the User's account, or any other action deemed appropriate by Backpack Exchange 14.3. The User acknowledges and agrees that Backpack Exchange may, at its sole discretion, modify the penalties for the violation of these Rules from time to time. 14.4. The User shall be notified of any changes to the penalties for Rules violations, as and when they occur. [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.35nkun2) 15 Access to Information ------------------------------------------------------------------------------------------------------------------------------------------ 15.1. All Users have full and equal real-time access to Backpack Exchange’s market data (“Market Data”). Market Data is made available through the Platform. 15.2. Market Data comprises the following: ● All Limit Orders placed on the Order Book (price, quantity, and time). ● All Fills or Executions (price, quantity, and time). 15.3. Market Data does not include the following: ● All canceled Orders on the Order Book (price, quantity, and time). ● Resting Stop Orders (Stop Orders that have been placed but not triggered). ● Any information about which User placed or canceled an order. 15.4. Backpack Exchange Corporate Operations Backpack Exchange itself does not engage in any trading activities on the Platform. Backpack Exchange operates as an intermediary, allowing Users to interact with each other to Execute trades on the Platform. This ensures that the trading activities on the Platform are conducted independently by the Users without any influence or bias from Backpack Exchange . 15.5. Backpack Exchange Employee Access Backpack Exchange policies prohibit all Backpack Exchange employees from using inside, corporate, or proprietary information to trade Virtual Assets on the Platform. [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.1ksv4uv) 16 Downtime ----------------------------------------------------------------------------------------------------------------------------- 16.1. From time to time, Backpack Exchange may suspend trading temporarily for maintenance or upgrades. Backpack Exchange will endeavor to follow the following process for closing and re-opening trading, when appropriate: Step 1: Announce Downtime ● Announce scheduled Downtime via [status.backpack.exchangearrow-up-right](https://status.backpack.exchange/) , or Twitter ● For scheduled Downtime, Backpack Exchange will endeavor to announce at least ten (10) days prior to the start of the scheduled Downtime. ● For unscheduled Downtime, Backpack Exchange will endeavor to provide as much prior notice as possible Step 2: Downtime Begins Step 3: Immediately after Downtime is Completed ● All books enter the 'Post-only' Mode ● Announce the above via [status.backpack.exchangearrow-up-right](https://status.backpack.exchange/) ● To ensure a fair and orderly marketplace, Backpack Exchange may in its discretion cancel all resting Limit Orders in an Order Book before moving the market to Post-only Mode or to Limit-only Mode Step 4: At least 1 minute after Step 3; or longer duration if necessary ● All books enter Limit-Only Mode ● Announce the above via [status.backpack.exchangearrow-up-right](https://status.backpack.exchange/) or Twitter Step 5: At least 10 minutes after Step 4; or longer if necessary ● All books enter into full-trading Mode ● Announce the above via [status.backpack.exchangearrow-up-right](https://status.backpack.exchange/) [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.44sinio) 17 Amendment ------------------------------------------------------------------------------------------------------------------------------ Backpack Exchange may from time to time amend these Rules by publishing an updated Rules on [backpack.exchange](https://support.backpack.exchange/legal/backpack-exchange-disclaimer-re-ftx-creditor) at least fifteen (15) days prior to the effective date of such amended Rules. [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.2jxsxqh) 18 Custody and safekeeping arrangements --------------------------------------------------------------------------------------------------------------------------------------------------------- 18.1. Title and control 18.1.1. The ownership of fiat currency and Virtual Assets held by Users shall remain with them at all times. Users bear the risk of any loss incurred as the owner of such assets. It should be noted that none of the fiat currency and Virtual Assets held in a User's Account are the property of Backpack Exchange. 18.1.2. Users shall have full control over the fiat currency and Virtual Assets held in their Account. They may withdraw their assets at any time, subject to Downtimes and other restrictions under these Rules and other applicable policies. 18.2. User Virtual Assets 18.2.1. A User's Virtual Assets, to the credit of such User's Account, shall be held by Backpack Exchange, on behalf of the User, in a User Virtual Asset wallet segregated from Backpack Exchange proprietary assets at all times. 18.2.2. Any Virtual Asset received by Backpack Exchange from Users will be received and securely stored by Backpack Exchange or the Custodian. Backpack Exchange will be the sole custodian of the private keys. 18.2.3. Backpack Exchange does not provide any interest on the Virtual Assets held on behalf of Users. 18.2.4. Users’ Virtual Assets shall be pooled into an omnibus wallet. While the Virtual Assets belonging to different Users are not physically segregated, they shall remain segregated from Backpack Exchange proprietary Virtual Assets. 18.2.5. Backpack Exchange will perform a daily reconciliation of the Virtual Assets held by Backpack Exchange on the User’s behalf. Users shall have the option to access their Virtual Asset balances by logging into their Account for their Virtual Assets. 18.3. Fiat currency 18.3.1. Backpack Exchange will hold UAE Users’ fiat currency credited to their Account in a segregated User money account with a retail bank licensed to do business in the United Arab Emirates. 18.3.2. The User's fiat currency will be kept separate from Backpack Exchange's own funds and will only be used to execute transactions in accordance with the User's instructions. 18.3.3. Backpack Exchange does not provide interest on the fiat currency held on behalf of Users. 18.3.4. Backpack Exchange will perform a daily reconciliation of the fiat currency held by Backpack Exchange on the User’s behalf. Users shall have the option to access their near-real-time fiat currency balances by logging into their Account. [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.z337ya) 19 Complaints ------------------------------------------------------------------------------------------------------------------------------ 19.1. Any person may lodge a complaint with Backpack Exchange in accordance with Backpack Exchange’s Complaints Handling Policy, in relation to any aspect of Backpack Exchange’s operation of the Platform. Backpack Exchange will address such complaints in accordance with the Complaints Handling Policy, which is published on the Platform. [hashtag](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.3j2qqm3) 20 Definitions -------------------------------------------------------------------------------------------------------------------------------- In these Trading Rules, the following words and phrases have the corresponding meanings. ● Account means an account held with Backpack Exchange in the name of the User on the Platform. ● Applicable Laws and Regulations means provisions of laws, statutes, ordinances, rules, regulations, permits, certificates, judgments, decisions, decrees or orders of any Competent Authority applicable to Backpack Exchange or the Users. ● Available Balance means a User’s Total Asset Value less any amounts held for Open Orders and fees. ● Base Asset means the Asset being traded on the Order Book; the first Asset in the Trading Pair. For example, on the BTC-USD Order Book, BTC is the Base Asset and USD is the Quote Asset. ● Cancel-only Mode means that Users cannot place new Orders. Users are able to cancel open Orders. No Orders will be Filled. ● Competent Authority means VARA and any other regulatory, judicial or law enforcement authority that has jurisdiction over the activities of Backpack Exchange, the Platform, or the Users. ● Default Event shall have the same meaning as defined in Rule 13 of these Rules. ● Fill or Execution means matching of two Orders. ● Full-Trading Mode means normal operation of the Backpack Exchange Platform. Users can place Market Orders and Limit Orders and can cancel Orders. ​ ● Hold means the setting aside of Assets allocated to an Order. ● Limit Order means an Order to buy or sell a specified quantity of an Asset at a specified price. ● Limit-only Mode means that Users can place and cancel only Limit Orders. Only Limit Orders can be Filled during this mode. Market Orders will be rejected. ● Market Order means an Order to buy or sell a specified quantity of an Asset at the best available price of existing Orders on the Order Book. ● Order means an instruction to buy or sell a specified quantity of the Base Asset at a specified price in the Quote Asset. ● Order Book(s) means each Order Book on which Orders are placed for trading in a Trading Pair. ● Open Order means a Maker Order which has been posted but not Filled, canceled or expired, or a Stop Order which is currently active. ● Post-only Mode means that Users can only place an Order if it would be posted to the Order Book as a Maker Order. An Order which would be posted as a Taker Order will be rejected. No Market Orders may be placed and no Orders will be Filled. Resting orders may be canceled in post-only mode. ● Quote Asset means the Asset which is used as the denomination in trading on the Order Book and is also the second Asset in the Trading Pair. For example, on the BTC-USD Order Book, BTC is the Base Asset and USD is the Quote Asset. ● Scheduled Downtime means a planned temporary outage for maintenance or upgrades. See section 4. ● Stop Order means an instruction to post an Order to buy or sell a specified quantity of an Asset but only if and when the last trade price on the Order Book equals or surpasses the Stop Price. ● Stop Price means the price specified in a Stop Order. ● Total Asset Value means the gross value of all of a User’s Assets for the relevant Order Book, expressed in the Quote Asset based on the last trade price. This includes all Assets allocated to Open Orders. ● Trading Pair means each pair of a Base Asset and a Quote Asset offered on the Backpack Exchange Platform. ● User refers to any person (including individuals or legal persons) that access, download or use the Platform or any services of Backpack Exchange, and who meet the eligibility criteria specified by Backpack Exchange. ● Virtual Asset means a digital representation of value that may be digitally traded, transferred, or used as an exchange or payment tool, or for investment purposes. This includes Virtual Tokens, and any digital representation of any other value as determined by VARA. ● Virtual Token means a digital representation of a set of rights that can be digitally offered and traded through a Virtual Asset platform. [PreviousPrice Quoteschevron-left](https://support.backpack.exchange/legal/vara-disclosures/price-quotes) [NextComplaintschevron-right](https://support.backpack.exchange/legal/vara-disclosures/complaints) Last updated 5 months ago * [1 Introduction](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.gjdgxs) * [2 Applicability](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.30j0zll) * [3 Scope of Backpack Exchange’s powers](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.1fob9te) * [4 User Access and Code of Conduct](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.1y810tw) * [5 Eligibility Criteria](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.2et92p0) * [6 Compliance](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.tyjcwt) * [7 Enforcement](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.3dy6vkm) * [8 User’s ongoing responsibilities](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.1t3h5sf) * [9 Notification obligations](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.4d34og8) * [10 Listing and trading](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.2s8eyo1) * [11 Delisting of virtual assets and suspension of trading](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.17dp8vu) * [12 Prohibited Conduct](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.3rdcrjn) * [13 Default rules and disciplinary actions](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.26in1rg) * [14 Penalties](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.4i7ojhp) * [15 Access to Information](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.35nkun2) * [16 Downtime](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.1ksv4uv) * [17 Amendment](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.44sinio) * [18 Custody and safekeeping arrangements](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.2jxsxqh) * [19 Complaints](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.z337ya) * [20 Definitions](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules#heading-h.3j2qqm3) --- # Complaints | Backpack Exchange Process and contact information for submitting a complaint about products or services of the Backpack Exchange website or mobile application. ‍ You may file a complaint [herearrow-up-right](https://forms.gle/SVUQEfQeRCu9QsEc6) . You may also contact us at [\[email protected\]envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#d9aaaca9a9b6abad99bbb8bab2a9b8bab2f7bca1bab1b8b7bebc) or submit your complaint in writing to: Trek Labs Ltd FZE dba Backpack Exchange Attn: Complaints Department08-116 The Offices 4 One Central World Trade Center Dubai, UAE If you are emailing or writing to us directly, please include the following information in your complaint: * Your name and account email address * Date of complaint * Your contact information * Details of your complaint * Any supporting documentation relating to your complaint We will acknowledge all complaints as soon as possible, but in no event later than one week of receiving your complaint. [PreviousExchange Trading Ruleschevron-left](https://support.backpack.exchange/legal/vara-disclosures/exchange-trading-rules) [NextAvailable Digital Assetschevron-right](https://support.backpack.exchange/legal/vara-disclosures/available-digital-assets) Last updated 11 months ago --- # Conflicts of Interest Statement | Backpack Exchange ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/conflicts-of-interest-statement#our-commitment) Our commitment. Trek Labs Ltd FZE dba Backpack Exchange (“TLL” or the “Company”) is committed to integrity, fairness, and transparency. We recognise that conflicts of interest can arise in the normal course of business. This notice explains, in plain terms, how we identify, manage, and reduce those risks. * * * ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/conflicts-of-interest-statement#where-conflicts-may-arise) Where conflicts may arise. * Dealings with related or affiliated parties. * Fees, commissions, rebates, or other incentives. * Allocation of opportunities, resources, or client attention. * Access to and use of confidential or client-order information. * Staff personal account dealing, gifts, or outside interests. * * * ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/conflicts-of-interest-statement#how-we-manage-conflicts) How we manage conflicts. * Policies & governance: Documented Conflicts Policy, Code of Conduct, and a maintained Conflicts Register overseen by Compliance and senior management. * Disclosure & transparency: Clear public disclosures of material relationships, fees, and practices; updates when they change. * Information handling: Confidentiality rules, least-privilege access, information barriers, restricted lists, and monitoring to prevent misuse. * Decision independence: Client-first decision-making; controls so fees or incentives do not determine outcomes. * Monitoring & remediation: Ongoing surveillance/QA, escalation workflows, and timely remediation with audit trails retained per regulatory requirements. * * * ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/conflicts-of-interest-statement#related-party-dealings) Related-party dealings. * Conducted on an arm’s-length basis with fair and competitive terms. * Documented, reviewable, and where appropriate - subject to independent review or consent. * No preferential treatment for affiliates over comparable third parties. [PreviousAvailable Digital Assetschevron-left](https://support.backpack.exchange/legal/vara-disclosures/available-digital-assets) [NextWhistleblowing Policychevron-right](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy) Last updated 4 months ago * [Our commitment.](https://support.backpack.exchange/legal/vara-disclosures/conflicts-of-interest-statement#our-commitment) * [Where conflicts may arise.](https://support.backpack.exchange/legal/vara-disclosures/conflicts-of-interest-statement#where-conflicts-may-arise) * [How we manage conflicts.](https://support.backpack.exchange/legal/vara-disclosures/conflicts-of-interest-statement#how-we-manage-conflicts) * [Related-party dealings.](https://support.backpack.exchange/legal/vara-disclosures/conflicts-of-interest-statement#related-party-dealings) --- # Available Digital Assets | Backpack Exchange Information about digital assets that are relevant on the Backpack Exchange including name, symbol, date of issuance, market capitalisation and fully diluted value, circulating supply, total supply, price variation history and other information. ‍ The live information for each VA listed is available on the corresponding links next to each VA in the following table: ‍ **Token Name** symbol Link 0G [https://www.coingecko.com/en/coins/0garrow-up-right](https://www.coingecko.com/en/coins/0g) 2Z [https://www.coingecko.com/en/coins/doublezeroarrow-up-right](https://www.coingecko.com/en/coins/doublezero) AAVE [https://www.coingecko.com/en/coins/aavearrow-up-right](https://www.coingecko.com/en/coins/aave) APE [https://www.coingecko.com/en/coins/apecoinarrow-up-right](https://www.coingecko.com/en/coins/apecoin) APR [https://www.coingecko.com/en/coins/aprioriarrow-up-right](https://www.coingecko.com/en/coins/apriori) APT [https://www.coingecko.com/en/coins/aptosarrow-up-right](https://www.coingecko.com/en/coins/aptos) BLUE [https://www.coingecko.com/en/coins/bluefinarrow-up-right](https://www.coingecko.com/en/coins/bluefin) BNB [https://www.coingecko.com/en/coins/bnbarrow-up-right](https://www.coingecko.com/en/coins/bnb) BOME [https://www.coingecko.com/en/coins/book-of-memearrow-up-right](https://www.coingecko.com/en/coins/book-of-meme) BONK [https://www.coingecko.com/en/coins/bonkarrow-up-right](https://www.coingecko.com/en/coins/bonk) BTC [https://www.coingecko.com/en/coins/bitcoinarrow-up-right](https://www.coingecko.com/en/coins/bitcoin) CLOUD [https://www.coingecko.com/en/coins/sanctum-2arrow-up-right](https://www.coingecko.com/en/coins/sanctum-2) DEEP [https://www.coingecko.com/en/coins/deepbookarrow-up-right](https://www.coingecko.com/en/coins/deepbook) DOGE [https://www.coingecko.com/en/coins/dogecoinarrow-up-right](https://www.coingecko.com/en/coins/dogecoin) DRIFT [https://www.coingecko.com/en/coins/drift-protocolarrow-up-right](https://www.coingecko.com/en/coins/drift-protocol) ENA [https://www.coingecko.com/en/coins/ethenaarrow-up-right](https://www.coingecko.com/en/coins/ethena) ES [https://www.coingecko.com/en/coins/eclipse-2arrow-up-right](https://www.coingecko.com/en/coins/eclipse-2) ETH [https://www.coingecko.com/en/coins/ethereumarrow-up-right](https://www.coingecko.com/en/coins/ethereum) FLOCK [https://www.coingecko.com/en/coins/flock-2arrow-up-right](https://www.coingecko.com/en/coins/flock-2) FRAG [https://www.coingecko.com/en/coins/fragmetricarrow-up-right](https://www.coingecko.com/en/coins/fragmetric) HYPE [https://www.coingecko.com/en/coins/hyperliquidarrow-up-right](https://www.coingecko.com/en/coins/hyperliquid) IO [https://www.coingecko.com/en/coins/io-netarrow-up-right](https://www.coingecko.com/en/coins/io-net) JTO [https://www.coingecko.com/en/coins/jitoarrow-up-right](https://www.coingecko.com/en/coins/jito) JUP [https://www.coingecko.com/en/coins/jupiterarrow-up-right](https://www.coingecko.com/en/coins/jupiter) KMNO [https://www.coingecko.com/en/coins/kaminoarrow-up-right](https://www.coingecko.com/en/coins/kamino) LDO [https://www.coingecko.com/en/coins/lido-daoarrow-up-right](https://www.coingecko.com/en/coins/lido-dao) LINK [https://www.coingecko.com/en/coins/chainlinkarrow-up-right](https://www.coingecko.com/en/coins/chainlink) ME [https://www.coingecko.com/en/coins/magic-edenarrow-up-right](https://www.coingecko.com/en/coins/magic-eden) MET [https://www.coingecko.com/en/coins/meteoraarrow-up-right](https://www.coingecko.com/en/coins/meteora) MON [https://www.coingecko.com/en/coins/mon-protocolarrow-up-right](https://www.coingecko.com/en/coins/mon-protocol) ONDO [https://www.coingecko.com/en/coins/ondoarrow-up-right](https://www.coingecko.com/en/coins/ondo) PENGU [https://www.coingecko.com/en/coins/pudgy-penguinsarrow-up-right](https://www.coingecko.com/en/coins/pudgy-penguins) PEPE [https://www.coingecko.com/en/coins/pepearrow-up-right](https://www.coingecko.com/en/coins/pepe) PIPE [https://www.coingecko.com/en/coins/pipe-networkarrow-up-right](https://www.coingecko.com/en/coins/pipe-network) POL [https://www.coingecko.com/en/coins/pol-ex-maticarrow-up-right](https://www.coingecko.com/en/coins/pol-ex-matic) POL [https://www.coingecko.com/en/coins/pol-ex-maticarrow-up-right](https://www.coingecko.com/en/coins/pol-ex-matic) PRCL [https://www.coingecko.com/en/coins/parclarrow-up-right](https://www.coingecko.com/en/coins/parcl) PUMP [https://www.coingecko.com/en/coins/pump-funarrow-up-right](https://www.coingecko.com/en/coins/pump-fun) PYTH [https://www.coingecko.com/en/coins/pyth-networkarrow-up-right](https://www.coingecko.com/en/coins/pyth-network) RAY [https://www.coingecko.com/en/coins/raydiumarrow-up-right](https://www.coingecko.com/en/coins/raydium) RENDER [https://www.coingecko.com/en/coins/renderarrow-up-right](https://www.coingecko.com/en/coins/render) SEI [https://www.coingecko.com/en/coins/seiarrow-up-right](https://www.coingecko.com/en/coins/sei) SEND [https://www.coingecko.com/en/coins/suilendarrow-up-right](https://www.coingecko.com/en/coins/suilend) SHIB [https://www.coingecko.com/en/coins/shiba-inuarrow-up-right](https://www.coingecko.com/en/coins/shiba-inu) SOL [https://www.coingecko.com/en/coins/solanaarrow-up-right](https://www.coingecko.com/en/coins/solana) SONIC [https://www.coingecko.com/en/coins/sonic-svmarrow-up-right](https://www.coingecko.com/en/coins/sonic-svm) STABLE [https://www.coingecko.com/en/coins/stable-2arrow-up-right](https://www.coingecko.com/en/coins/stable-2) STRK [https://www.coingecko.com/en/coins/starknetarrow-up-right](https://www.coingecko.com/en/coins/starknet) SUI [https://www.coingecko.com/en/coins/suiarrow-up-right](https://www.coingecko.com/en/coins/sui) SWTCH [https://www.coingecko.com/en/coins/switchboardarrow-up-right](https://www.coingecko.com/en/coins/switchboard) TNSR [https://www.coingecko.com/en/coins/tensorarrow-up-right](https://www.coingecko.com/en/coins/tensor) TRUMP [https://www.coingecko.com/en/coins/official-trumparrow-up-right](https://www.coingecko.com/en/coins/official-trump) UNI [https://www.coingecko.com/en/coins/uniswaparrow-up-right](https://www.coingecko.com/en/coins/uniswap) USDC [https://www.coingecko.com/en/coins/usdcarrow-up-right](https://www.coingecko.com/en/coins/usdc) USDT [https://www.coingecko.com/en/coins/tetherarrow-up-right](https://www.coingecko.com/en/coins/tether) W [https://www.coingecko.com/en/coins/wormholearrow-up-right](https://www.coingecko.com/en/coins/wormhole) WAL [https://www.coingecko.com/en/coins/walrus-2arrow-up-right](https://www.coingecko.com/en/coins/walrus-2) WCT [https://www.coingecko.com/en/coins/walletconnect-tokenarrow-up-right](https://www.coingecko.com/en/coins/walletconnect-token) WEN [https://www.coingecko.com/en/coins/wen-solanaarrow-up-right](https://www.coingecko.com/en/coins/wen-solana) WIF [https://www.coingecko.com/en/coins/dogwifhatarrow-up-right](https://www.coingecko.com/en/coins/dogwifhat) WLD [https://www.coingecko.com/en/coins/worldcoinarrow-up-right](https://www.coingecko.com/en/coins/worldcoin) WLFI [https://www.coingecko.com/en/coins/world-liberty-financialarrow-up-right](https://www.coingecko.com/en/coins/world-liberty-financial) XPL [https://www.coingecko.com/en/coins/plasmaarrow-up-right](https://www.coingecko.com/en/coins/plasma) XRP [https://www.coingecko.com/en/coins/xrparrow-up-right](https://www.coingecko.com/en/coins/xrp) ZRO [https://www.coingecko.com/en/coins/layerzeroarrow-up-right](https://www.coingecko.com/en/coins/layerzero) ‍ [PreviousComplaintschevron-left](https://support.backpack.exchange/legal/vara-disclosures/complaints) [NextConflicts of Interest Statementchevron-right](https://support.backpack.exchange/legal/vara-disclosures/conflicts-of-interest-statement) Last updated 3 days ago --- # Complaints Handling Policy | Backpack Exchange * * * At Trek Labs Ltd FZE d/b/a Backpack Exchange (TLL), licensed and regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai, we are committed to treating our clients fairly and ensuring their concerns are heard, addressed, and resolved promptly. This document explains how you can raise a complaint, how it will be handled, and what you can expect from us throughout the process. * * * ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#id-1.-purpose) 1\. Purpose We want every client to feel confident that any concerns about our services will be managed: - Fairly and objectively - Quickly and transparently - In line with applicable regulations Your feedback helps us improve the quality of our services and processes. * * * [hashtag](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#id-2.-what-is-a-complaint) 2\. What Is a Complaint? ------------------------------------------------------------------------------------------------------------------------------------------------------ A complaint is any expression of dissatisfaction—whether about our services, processes, or the conduct of an employee or representative of TLL. If you are unhappy with any aspect of your interaction with us, you have the right to raise a complaint. * * * [hashtag](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#id-3.-how-to-lodge-a-complaint) 3\. How to Lodge a Complaint --------------------------------------------------------------------------------------------------------------------------------------------------------------- You may submit your complaint in any of the following ways: - Online Form –[Click here arrow-up-right](https://docs.google.com/forms/d/e/1FAIpQLSeOhm8dY4OFgBM12lSiG94avUBpkdNxgApir0ubFRxkavmUuw/viewform) \- Email – Send details to \[[\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection)\ \] - Letter – Write to us at Trek Labs Ltd FZE dba Backpack Exchange Attn: Complaints Department Office 236, 2nd Floor, C1 Building, One Central, Dubai World Trade Center, Dubai, United Arab Emirates Please include the following information when submitting a complaint: - Your full name (or legal entity name) - Contact details (email, phone, or address) - Date of the complaint - Description of your complaint and any supporting documents There are no fees or charges for filing a complaint. * * * [hashtag](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#id-4.-our-complaints-process) 4\. Our Complaints Process ----------------------------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#acknowledgment) Acknowledgment \- We will acknowledge your complaint within 1 week of receiving it. - Our response will provide you with a copy of this procedure (if requested). ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#resolution) Resolution \- We aim to resolve all complaints within 4 weeks. - If more time is needed, we will update you on the reasons for the delay and provide a new expected resolution date. - In all cases, complaints will be resolved within 8 weeks. ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#record-keeping) Record Keeping We maintain a log of all complaints received and the steps taken to resolve them. This helps us identify recurring issues and improve our services. * * * [hashtag](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#id-5.-complaint-outcomes) 5\. Complaint Outcomes --------------------------------------------------------------------------------------------------------------------------------------------------- Once our investigation is complete, we will: - Inform you of the outcome - Where appropriate, offer corrective action or redress - Provide clear reasons if a complaint is rejected If you are not satisfied with our resolution, you have the right to escalate your complaint to VARA or seek independent dispute resolution (arbitration or courts in Dubai). * * * [hashtag](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#id-6.-third-party-services) 6\. Third-Party Services ------------------------------------------------------------------------------------------------------------------------------------------------------- If your complaint relates to a service provided by one of our third-party partners, we will coordinate with them to ensure your complaint is addressed, while remaining responsible for resolving the matter. * * * [hashtag](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#id-7.-commitment-to-clients) 7\. Commitment to Clients --------------------------------------------------------------------------------------------------------------------------------------------------------- \- All complaints are handled confidentially, fairly, and without bias. - We do not discriminate against clients who raise complaints. - Complaints are used as opportunities to improve our services. [PreviousWhistleblowing Policychevron-left](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy) [NextUS Licenses, Registrations, and Regulatory Disclosureschevron-right](https://support.backpack.exchange/legal/us-licenses-registrations-and-regulatory-disclosures) Last updated 4 months ago * [1\. Purpose](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#id-1.-purpose) * [2\. What Is a Complaint?](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#id-2.-what-is-a-complaint) * [3\. How to Lodge a Complaint](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#id-3.-how-to-lodge-a-complaint) * [4\. Our Complaints Process](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#id-4.-our-complaints-process) * [Acknowledgment](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#acknowledgment) * [Resolution](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#resolution) * [Record Keeping](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#record-keeping) * [5\. Complaint Outcomes](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#id-5.-complaint-outcomes) * [6\. Third-Party Services](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#id-6.-third-party-services) * [7\. Commitment to Clients](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy#id-7.-commitment-to-clients) --- # Whistleblowing Policy | Backpack Exchange ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy#introduction) Introduction At Trek Labs Ltd FZE d/b/a Backpack Exchange (TLL) we are committed to the highest standards of integrity, transparency, and accountability. To maintain these standards, we encourage anyone, including our employees, contractors, partners, and customers to speak up if they become aware of misconduct, unethical behavior, or potential violations of law or regulation involving our business (including TLLs Board or Staff). **TLL also has a zero-tolerance approach to bribery and corruption.** We believe that fostering a culture where concerns can be raised without fear is essential to protecting our people, our customers, and our reputation. * * * ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy#who-can-report) Who Can Report This policy applies to everyone connected with TLL, including: - Employees and contractors - Customers and suppliers - Business partners and third parties. * * * ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy#what-can-be-reported) What Can Be Reported We encourage reporting of any concerns, including but not limited to: - Fraud, theft, or financial misconduct - Bribery or corruption - Harassment, bullying, or discrimination - Money laundering or terrorist financing - Breaches of laws, regulations, or internal company policies - Any other unethical or improper conduct Even if you are unsure whether an issue qualifies, we encourage you to raise it. All reports will be reviewed fairly. * * * ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy#how-to-report) How to Report Concerns can be raised confidentially through the following channel: * Email: [\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) * Tel: +971-4-523-2497 Reports may be made anonymously. Providing your contact details can help us investigate more effectively and provide updates, but it is not required. * * * ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy#what-happens-after-you-report) What Happens After You Report * We will acknowledge your report within a few business days. * Concerns will be reviewed promptly by our compliance team. * Where necessary, an impartial investigation will be conducted. * We aim to resolve matters as quickly as possible, depending on complexity. * * * ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy#confidentiality-and-non-retaliation) Confidentiality & Non-Retaliation We are committed to treating all whistleblowing reports with strict confidentiality. Information will only be shared with those responsible for addressing the concern. We strictly prohibit retaliation against any individual who raises a concern in good faith. No employee will suffer demotion, penalty, or other adverse consequences for speaking up. * * * ### [hashtag](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy#our-commitment) Our Commitment TLL believes that creating a safe environment for whistleblowers strengthens our culture of trust and accountability. We value the courage it takes to raise concerns and are committed to listening, protecting, and acting fairly. [PreviousConflicts of Interest Statementchevron-left](https://support.backpack.exchange/legal/vara-disclosures/conflicts-of-interest-statement) [NextComplaints Handling Policychevron-right](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy) Last updated 3 months ago * [Introduction](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy#introduction) * [Who Can Report](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy#who-can-report) * [What Can Be Reported](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy#what-can-be-reported) * [How to Report](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy#how-to-report) * [What Happens After You Report](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy#what-happens-after-you-report) * [Confidentiality & Non-Retaliation](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy#confidentiality-and-non-retaliation) * [Our Commitment](https://support.backpack.exchange/legal/vara-disclosures/whistleblowing-policy#our-commitment) --- # US Licenses, Registrations, and Regulatory Disclosures | Backpack Exchange [States Where We Operatechevron-right](https://support.backpack.exchange/legal/us-licenses-registrations-and-regulatory-disclosures/states-where-we-operate) [PreviousComplaints Handling Policychevron-left](https://support.backpack.exchange/legal/vara-disclosures/complaints-handling-policy) [NextStates Where We Operatechevron-right](https://support.backpack.exchange/legal/us-licenses-registrations-and-regulatory-disclosures/states-where-we-operate) Last updated 2 months ago --- # UK Crypto Regulations & Risk Disclosure | Backpack Exchange [hashtag](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#new-uk-crypto-regulations) New UK Crypto Regulations ----------------------------------------------------------------------------------------------------------------------------------------------------- The UK financial regulator, the Financial Conduct Authority (‘FCA’), has expanded the scope of the financial promotions regime to enhance protections for UK users investing in cryptoassets. All cryptoasset firms - like Backpack Exchange - who market to UK consumers will have to comply with the new rules from 8 October 2023. [hashtag](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#notice-to-customers-in-the-uk) Notice to customers in the UK ------------------------------------------------------------------------------------------------------------------------------------------------------------- Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk. [hashtag](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#what-are-the-key-risks) What are the key risks? ------------------------------------------------------------------------------------------------------------------------------------------------ ### [hashtag](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#id-1.-you-could-lose-all-the-money-you-invest) 1\. You could lose all the money you invest * The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets. * The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure. ### [hashtag](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#id-2.-you-should-not-expect-to-be-protected-if-something-goes-wrong) 2\. You should not expect to be protected if something goes wrong * The Financial Services Compensation Scheme (FSCS) doesn’t protect this type of investment because it’s not a ‘specified investment’ under the UK regulatory regime – in other words, this type of investment isn’t recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker [herearrow-up-right](https://www.fscs.org.uk/check/investment-protection-checker/) . * Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA-regulated firm, FOS may be able to consider it. Learn more about FOS protection [herearrow-up-right](https://www.financial-ombudsman.org.uk/consumers) . ### [hashtag](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#id-3.-you-may-not-be-able-to-sell-your-investment-when-you-want-to) 3\. You may not be able to sell your investment when you want to * There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time. * Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want. ### [hashtag](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#id-4.-cryptoasset-investments-can-be-complex) 4\. Cryptoasset investments can be complex * Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment. * You should do your own research before investing. If something sounds too good to be true, it probably is. ### [hashtag](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#id-5.-dont-put-all-your-eggs-in-one-basket) 5\. Don’t put all your eggs in one basket * Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. * A good rule of thumb is not to invest more than 10% of your money in high-risk investments. Learn more [herearrow-up-right](https://www.fca.org.uk/investsmart/5-questions-ask-you-invest) . **If you are interested in learning more about how to protect yourself, visit the FCA’s website** [**here**arrow-up-right](https://www.fca.org.uk/investsmart) **.** **For further information about cryptoassets, visit the FCA’s website** [**here**arrow-up-right](https://www.fca.org.uk/investsmart/crypto-basics) **.** [hashtag](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#the-risks-of-different-cryptoasset-products) The risks of different cryptoasset products ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Not all cryptoassets are the same. Before making an investment decision, it's essential to be aware of the unique risks associated with each type of cryptoasset products. ### [hashtag](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#notice-to-customers-in-the-uk-1) Notice to customers in the UK Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk. \------ **Stablecoin Risks**. Stablecoins are often backed by reserves including fiat currencies, short term government and other bonds, as well as other assets. However, they are generally not subject to any form of deposit or government insurance. For some stablecoins, the underlying reserves may not be audited, and the types of reserves backing the stablecoin is unable to be confirmed. As a result, in addition to fees charged by the issuers, users and investors may face difficulties redeeming stablecoins for their underlying assets. In addition, if the collateral loses value, or are seen as unstable, non-redeemable, or not otherwise protected, whether in actuality or in perception, then the stablecoin may destabilize, resulting in a loss of the peg. The security and operational integrity of the custody and mint and redemption platforms associated with stablecoins are also critical. Any breach or failure can result in significant losses to stablecoin holders. Stablecoin issuers and operators also navigate complex and evolving regulatory landscapes across jurisdictions. Failure to comply with these financial laws and regulations can result in fines, restrictions or the shutdown of operations, affecting the value and liquidity of the stablecoin. **Memecoin Risks.** Memecoins often rely on social media buzz, hype and endorsements from influencers and opinion leaders for their valuation. Any negative shift in sentiment or fading interest can rapidly cause their value to depreciate, including to zero in a short amount of time. In addition, unlike traditional assets or some crypto assets with utility or underlying projects, meme coins often lack intrinsic value, making their long-term viability and price stability highly uncertain. In addition, the memecoins are susceptible to manipulation through pump-and-dump schemes, where prices are artificially inflated to attract buyers before the assets are sold off, leading to a sharp decline in value. Many meme coins are also launched with minimal planning or long-term vision, and the risk of developers abandoning the project is significant. The success of certain meme coins has led to a proliferation of similar tokens, many of which are created solely to scam unwary investors. Distinguishing legitimate projects from scams in a hype-driven market can be highly challenging. [PreviousStates Where We Operatechevron-left](https://support.backpack.exchange/legal/us-licenses-registrations-and-regulatory-disclosures/states-where-we-operate) [NextBackpack Walletchevron-right](https://support.backpack.exchange/legal/backpack-wallet) Last updated 10 months ago * [New UK Crypto Regulations](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#new-uk-crypto-regulations) * [Notice to customers in the UK](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#notice-to-customers-in-the-uk) * [What are the key risks?](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#what-are-the-key-risks) * [1\. You could lose all the money you invest](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#id-1.-you-could-lose-all-the-money-you-invest) * [2\. You should not expect to be protected if something goes wrong](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#id-2.-you-should-not-expect-to-be-protected-if-something-goes-wrong) * [3\. You may not be able to sell your investment when you want to](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#id-3.-you-may-not-be-able-to-sell-your-investment-when-you-want-to) * [4\. Cryptoasset investments can be complex](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#id-4.-cryptoasset-investments-can-be-complex) * [5\. Don’t put all your eggs in one basket](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#id-5.-dont-put-all-your-eggs-in-one-basket) * [The risks of different cryptoasset products](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#the-risks-of-different-cryptoasset-products) * [Notice to customers in the UK](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure#notice-to-customers-in-the-uk-1) --- # Backpack Wallet | Backpack Exchange [Terms and Conditionschevron-right](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions) [Privacy Noticechevron-right](https://support.backpack.exchange/legal/backpack-wallet/privacy-notice) [PreviousUK Crypto Regulations & Risk Disclosurechevron-left](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure) [NextTerms and Conditionschevron-right](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions) --- # States Where We Operate | Backpack Exchange Trek Labs, Inc. is registered as a Money Services Business with the Financial Crimes Enforcement Network ("FinCEN"), which is a bureau of the U.S. Department of the Treasury. The FinCEN registration number for Trek Labs, Inc. is 31000313642076. Trek Labs, Inc. also holds licenses in the following U.S. jurisdictions. Additional information on certain state-level licenses may be obtained by accessing the Nationwide Multistate Licensing System (NMLS) Consumer Access [websitearrow-up-right](https://www.nmlsconsumeraccess.org/) and referencing NMLS ID 2665675. US State License Type Status¹ ² License Number State Agency Alabama \- Coming Soon \- \- Alaska \- Coming Soon \- \- Arizona \- Coming Soon \- \- Arkansas \- Coming Soon \- \- California \- Available \- \- Colorado \- Available \- \- Connecticut \- Coming Soon \- \- Delaware Check Seller, Money Transmitter License Available 042857 Delaware Office of the State Bank Commissioner 110 Forrest Avenue Dover, DE 19904 District of Columbia \- Coming Soon \- \- Florida \- Coming Soon \- \- Georgia \- Coming Soon \- \- Hawaii \- Available \- \- Idaho \- Coming Soon \- \- Illinois³ Money Transmitter License Available MT.0000531 Illinois Department of Financial and Professional Regulation 555 West Monroe St., 8th Floor Chicago, IL 60661 Indiana \- Available \- \- Iowa Money Services License Available 2025-0047 Iowa Division of Banking IDFPR, Division of Financial Institutions 555 W. Monroe, 5th Floor Chicago, IL 60661 200 E. Grand Avenue, Suite 300 Des Moines, IA 50309 Kansas \- Coming Soon \- \- Kentucky \- Coming Soon \- \- Louisiana \- Coming Soon \- \- Maine \- Coming Soon \- \- Maryland \- Coming Soon \- \- Massachusetts \- Coming Soon \- \- Michigan \- Available \- \- Minnesota \- Coming Soon \- \- Mississippi Money Transmitter License Available 2665675 Mississippi Department of Banking and Consumer Finance Post Office Box 12129 Jackson, MS 39236 Missouri Sale of Checks and Money Transmitter License Available MO-25-9773 Missouri Division of Finance Truman State Office Building Room 630 Jefferson City, MO 65102 Montana \- Available \- \- Nebraska \- Coming Soon \- \- Nevada \- Coming Soon \- \- New Hampshire Money Transmitter License Available 2665675MT New Hampshire Banking Department 53 Regional Drive Suite 200 Concord, NH 03301 New Jersey Money Transmitter License Pending Application \- \- New Mexico \- Coming Soon \- \- New York \- Coming Soon \- \- North Carolina \- Coming Soon \- \- North Dakota \- Coming Soon \- \- Ohio \- Coming Soon \- \- Oklahoma Money Transmission License Pending Application \- Oklahoma Banking Department 2900 North Lincoln Boulevard Oklahoma City, OK 73105 Oregon \- Coming Soon \- \- Pennsylvania \- Coming Soon \- \- Rhode Island \- Coming Soon \- \- South Carolina⁴ Money Transmitter License Available 2665675 South Carolina Office of the Attorney General Money Services Division of Banking 1000 Assembly Street, Room 519 Columbia, SC 29201 South Dakota \- Coming Soon \- \- Tennessee Money Transmitter License Pending Application \- \- Texas \- Coming Soon \- \- Utah \- Available \- \- Vermont \- Coming Soon \- \- Virginia \- Available \- \- Washington \- Coming Soon \- \- West Virginia \- Coming Soon \- \- Wisconsin \- Available \- \- Wyoming \- Available \- \- U.S. Virgin Islands \- Available \- \- Puerto Rico \- Coming Soon \- \- * * * #### [hashtag](https://support.backpack.exchange/legal/us-licenses-registrations-and-regulatory-disclosures/states-where-we-operate#footnotes) Footnotes ¹ "Pending Applications" denotes applications that have been filed by Trek Labs, Inc. with the requisite State licensing authority and is awaiting a final approval decision. ² "Coming Soon" denotes applications that Trek Labs, Inc. is currently preparing to file at a future date. ³ **Illinois.** If you are located in the State of Illinois and have a complaint, please first contact Customer Support here: [https://support.backpack.exchange/arrow-up-right](https://support.backpack.exchange/) . If you still have an unresolved complaint or for suspected violations of the Illinois Transmitters of Money Act, please contact the Illinois Department of Financial Institutions at 1-888-473-4858, or submit an online complaint at [https://idfpr.illinois.gov/admin/complaints.htmlarrow-up-right](https://idfpr.illinois.gov/admin/complaints.html) . ⁴ **South Carolina.** If you have a complaint or concern about your transaction, please contact Backpack Exchange at 833-623-5237 or visit [https://support.backpack.exchange/arrow-up-right](https://support.backpack.exchange/) . If you still have an unresolved complaint about Backpack Exchange, you may contact: South Carolina Money Services Division 1000 Assembly Street, Columbia SC 29201 1-803-734-1221 [https://tinyurl.com/SCMSBarrow-up-right](https://tinyurl.com/SCMSB) [PreviousUS Licenses, Registrations, and Regulatory Disclosureschevron-left](https://support.backpack.exchange/legal/us-licenses-registrations-and-regulatory-disclosures) [NextUK Crypto Regulations & Risk Disclosurechevron-right](https://support.backpack.exchange/legal/uk-crypto-regulations-and-risk-disclosure) Last updated 2 months ago --- # Privacy Notice | Backpack Exchange Last Updated: November 24, 2022 ‍ This Privacy Notice is designed to help you understand how 200ms Labs Ltd (“200ms Labs,” “we,” “us,” or “our”) collects, uses, processes, and shares your personal information, and to help you understand and exercise your privacy rights. ‍ 1\. SCOPE AND UPDATES TO THIS PRIVACY NOTICE 2\. PERSONAL INFORMATION WE COLLECT 3\. HOW WE USE YOUR PERSONAL INFORMATION 4\. HOW WE DISCLOSE YOUR PERSONAL INFORMATION 5\. YOUR PRIVACY CHOICES AND RIGHTS 6\. SECURITY OF YOUR INFORMATION 7\. INTERNATIONAL DATA TRANSFERS 8\. RETENTION OF PERSONAL INFORMATION 9\. SUPPLEMENTAL NOTICE FOR CALIFORNIA RESIDENTS 10\. SUPPLEMENTAL NOTICE FOR NEVADA RESIDENTS 12\. CHILDREN’S INFORMATION 13\. OTHER PROVISIONS 14\. CONTACT US ‍ #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/privacy-notice#id-1.-scope-and-updates-to-this-privacy-notice) **1\. SCOPE AND UPDATES TO THIS PRIVACY NOTICE** This Privacy Notice applies to personal information processed by us, including on our websites, mobile applications, Backpack browser extensions, and other online or offline offerings. To make this Privacy Policy easier to read, our website, mobile applications, browser extensions and other offerings are collectively called the “Services.” ‍ Changes to our Privacy Notice. We may revise this Privacy Notice from time to time in our sole discretion. If there are any material changes to this Privacy Notice, we will notify you as required by applicable law. You understand and agree that you will be deemed to have accepted the updated Privacy Notice if you continue to use our Services after the new Privacy Notice takes effect. ‍ #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/privacy-notice#id-2.-personal-information-we-collect) **2\. PERSONAL INFORMATION WE COLLECT** The categories of personal information we collect depend on how you interact with us, our Services, and the requirements of applicable law. We collect information that you provide to us, information we obtain automatically when you use our Services, and information from other sources such as third-party services and organizations, as described below. ‍ **A. Personal Information You Provide to Us Directly** We may collect personal information that you provide to us. * Wallet Creation. We may collect personal information when you request a wallet with us, such as your username and public key. * Your Communications with Us. We may collect personal information, such as email address, when you request information about our Services, register for our newsletter, request customer or technical support, or otherwise communicate with us. * Surveys. We may contact you to participate in surveys. If you decide to participate, we may collect personal information from you in connection with the survey. * Interactive Features. We and others who use our Services may collect personal information that you submit or make available through our interactive features (e.g., messaging and chat features, commenting functionalities, forums, blogs, and social media pages). Any information you provide using the public sharing features of the Services will be considered “public,” unless otherwise required by applicable law, and is not subject to the privacy protections referenced herein. * Sweepstakes or Contests. We may collect personal information you provide for any sweepstakes or contests that we offer. In some jurisdictions, we are required to publicly share information of sweepstakes and contest winners. ‍ **B. Personal Information Collected Automatically** We may collect personal information automatically when you use our Services. * Cookie Policy (and Other Technologies). We, as well as third parties that provide content, advertising, or other functionality on the Services, may use cookies, pixel tags, and other technologies (“Technologies”) to automatically collect information through your use of the Services. * Cookies. Cookies are small text files placed in device browsers that store preferences and facilitate and enhance your experience. * Pixel Tags/Web Beacons. A pixel tag (also known as a web beacon) is a piece of code embedded in the Services that collects information about engagement on the Services. The use of a pixel tag allows us to record, for example, that a user has visited a particular web page or clicked on a particular advertisement. We may also include web beacons in e-mails to understand whether messages have been opened, acted on, or forwarded. * Our uses of these Technologies fall into the following general categories: * Operationally Necessary. This includes Technologies that allow you access to the Services, applications, and tools that are required to identify irregular website behavior, prevent fraudulent activity, improve security, or allow you to make use of our functionality; * Performance-Related. We may use Technologies to assess the performance of the Services, including as part of our analytic practices to help us understand how individuals use the Services (see Analytics below); * Functionality-Related. We may use Technologies that allow us to offer you enhanced functionality when accessing or using the Services. This may include identifying you when you sign into our Services or keeping track of your specified preferences, interests, or past items viewed; * Advertising- or Targeting-Related. We may use first party or third-party Technologies to deliver content, including ads relevant to your interests, on the Services or on third-party digital properties. **C. Personal Information Collected from Other Sources** * Third-Party Services and Sources. We may obtain personal information about you from other sources, including through third-party services and organizations. For example, if you access our Services through a third-party application, such as an app store, a third-party login service, or a social networking site, we may collect personal information about you from that third-party application that you have made available via your privacy settings. * Referrals and Sharing Features. Our Services may offer various tools and functionalities that allow you to provide personal information about your friends through our referral service. Our referral services may also allow you to forward or share certain content with a friend or colleague, such as an email inviting your friend to use our Services. Please only share with us contact information of people with whom you have a relationship (e.g., relative, friend, neighbor, or co-worker). ‍ #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/privacy-notice#id-3.-how-we-use-your-personal-information) **3\. HOW WE USE YOUR PERSONAL INFORMATION** We use your personal information for a variety of business purposes, including to provide our Services, for administrative purposes, and to market our products and Services, as described below. ‍ **A. Provide Our Services** We use your information to fulfil our contract with you and provide you with our Services, such as: * Managing your information and accounts; * Providing access to certain areas, functionalities, and features of our Services; * Answering requests for customer or technical support; * Communicating with you about your account, activities on our Services, and policy changes; and * Processing your financial information and other payment methods to facilitate purchases and transfers via the Services. ‍ **B. Administrative Purposes** We use your information for various administrative purposes, such as: * Pursuing our legitimate interests such as direct marketing, research and development (including marketing research), network and information security, and fraud prevention; * Detecting security incidents, protecting against malicious, deceptive, fraudulent or illegal activity, and prosecuting those responsible for that activity; * Measuring interest and engagement in our Services; * Improving, upgrading, or enhancing our Services; * Developing new products and services; * Ensuring internal quality control and safety; * Authenticating and verifying individual identities, including requests to exercise your rights under this Privacy Notice; * Debugging to identify and repair errors with our Services; * Auditing relating to interactions, transactions, and other compliance activities; * Sharing personal information with third parties as needed to provide the Services; * Enforcing our agreements and policies; and * Carrying out activities that are required to comply with our legal obligations. ‍ **C. Marketing and Advertising our Products and Services** We may use personal information to tailor and provide you with content. We may provide you with these materials as permitted by applicable law. Some of the ways we may market to you include email campaigns, custom audiences advertising, and “interest-based” or “personalized advertising,” including through cross-device tracking. If you have any questions about our marketing practices or if you would like to opt out of the use of your personal information for marketing purposes, you may contact us at any time as set forth in “Contact Us” below. ‍ **D. With Your Consent** We may use personal information for other purposes that are clearly disclosed to you at the time you provide personal information or with your consent. ‍ **E. Other Purposes** We also use your personal information for other purposes as requested by you or as permitted by applicable law. * De-identified and Aggregated Information. We may use personal information to create deidentified and/or aggregated information, such as demographic information, information about the device from which you access our Services, or other analyses we create. ‍ #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/privacy-notice#id-4.-how-we-disclose-your-personal-information) 4\. HOW WE DISCLOSE YOUR PERSONAL INFORMATION We disclose your personal information to third parties for a variety of business purposes, including to provide our Services, to protect us or others, or in the event of a major business transaction such as a merger, sale, or asset transfer, as described below. ‍ **A. Disclosures to Provide our Services** The categories of third parties with whom we may share your personal information are described below. * Notice Regarding Use of Blockchain Networks. Information about transactions you enter into via the Services will be recorded on the blockchain and may be accessible to third parties due to the public nature of the blockchain. Because entries to the blockchain are, by their nature, public, and because it may be possible for someone to identify you through your pseudonymous, public wallet address using external sources of information, any transaction you enter onto the blockchain could possibly be used to identify you, or information about you. * Other Users of the Services and Parties You Transact With. Some of your personal information may be visible to other users of the Services (e.g., information featured on generally accessible parts of the contracts or on a user profile). In addition, to complete transfers via the Services, we will need to share some of your personal information with the party that you are transacting with. * Service Providers. We may share your personal information with our third-party service providers and vendors that assist us with the provision of our Services. This includes service providers and vendors that provide us with IT support, hosting, payment processing, customer service, and related services. * Third-Party Services You Share or Interact With. Certain features and functionalities of the Services may link to or allow you to interface, interact, or share information with, access and/or use third-party websites, services, products, and technology (collectively, “Third-Party Services”). Any information shared with or otherwise collected by a Third-Party Service may be subject to the Third- Party Service’s privacy policy. We are not responsible for the processing of personal information by Third-Party Services. * Affiliates. We may share your personal information with our company affiliates. * Advertising Partners. We may share your personal information with third-party advertising partners. These third-party advertising partners may set Technologies and other tracking tools on the Services to collect information regarding your activities and your device (e.g., your IP address, cookie identifiers, page(s) visited, location, time of day). These advertising partners may use this information (and similar information collected from other services) for purposes of delivering personalized advertisements to you when you visit digital properties within their networks. This practice is commonly referred to as “interest-based advertising” or “personalized advertising.” * APIs/SDKs. We may use third-party application program interfaces (“APIs”) and software development kits (“SDKs”) as part of the functionality of our Services. For more information about our use of APIs and SDKs, please contact us as set forth in “Contact Us” below. ‍ **B. Disclosures to Protect Us or Others** We may access, preserve, and disclose any information we store associated with you to external parties if we, in good faith, believe doing so is required or appropriate to: comply with law enforcement or national security requests and legal process, such as a court order or subpoena; protect your, our, or others’ rights, property, or safety; enforce our policies or contracts; collect amounts owed to us; or assist with an investigation or prosecution of suspected or actual illegal activity. ‍ **C. Disclosure in the Event of Merger, Sale, or Other Asset Transfers** If we are involved in a merger, acquisition, financing due diligence, reorganization, bankruptcy, receivership, purchase or sale of assets, or transition of service to another provider, your information may be sold or transferred as part of such a transaction, as permitted by law and/or contract. ‍ #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/privacy-notice#id-5.-security-of-your-information) **5\. SECURITY OF YOUR INFORMATION** We take steps to ensure that your information is treated securely and in accordance with this Privacy Notice. Unfortunately, no system is 100% secure, and we cannot ensure or warrant the security of any information you provide to us. To the fullest extent permitted by applicable law, we do not accept liability for unauthorized access, use, disclosure, or loss of personal information. By using our Services or providing personal information to us, you agree that we may communicate with you electronically regarding security, privacy, and administrative issues relating to your use of our Services. If we learn of a security system’s breach, we may attempt to notify you electronically by posting a notice on our Services, by mail, or by sending an email to you. ‍ #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/privacy-notice#id-6.-retention-of-personal-information) **6\. RETENTION OF PERSONAL INFORMATION** We store the personal information we collect as described in this Privacy Notice for as long as you use our Services, or as necessary to fulfill the purpose(s) for which it was collected, provide our Services, resolve disputes, establish legal defenses, conduct audits, pursue legitimate business purposes, enforce our agreements, and comply with applicable laws. ‍ #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/privacy-notice#id-7.-supplemental-notice-for-nevada-residents) **7\. SUPPLEMENTAL NOTICE FOR NEVADA RESIDENTS** If you are a resident of Nevada, you have the right to opt-out of the sale of certain personal information to third parties who intend to license or sell that personal information. To the extent applicable, you can exercise this right by contacting us at the email address listed in Contact Us below with the subject line “Nevada Do Not Sell Request” and providing us with your name and the email address associated with your account. Please note that we do not currently sell your personal information as sales are defined in Nevada Revised Statutes Chapter 603A. If you have any questions, please contact us as set forth in Contact Us below. ‍ #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/privacy-notice#id-8.-childrens-information) **8\. CHILDREN’S INFORMATION** The Services are not directed to children under 16 (or other age as required by local law), and we do not knowingly collect personal information from children. If you are a parent or guardian and believe your child has uploaded personal information to our site without your consent, you may contact us as described in “Contact Us” below. If we become aware that a child has provided us with personal information in violation of applicable law, we will delete any personal information we have collected, unless we have a legal obligation to keep it, and terminate the child’s account, if applicable. ‍ #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/privacy-notice#id-9.-other-provisions) **9\. OTHER PROVISIONS** Third-Party Websites/Applications. The Services may contain links to other websites/applications and other websites/applications may reference or link to our Services. These third-party services are not controlled by us. We encourage our users to read the privacy policies of each website and application with which they interact. We do not endorse, screen, or approve, and are not responsible for, the privacy practices or content of such other websites or applications. Providing personal information to third-party websites or applications is at your own risk. Supervisory Authority. If your personal information is subject to the applicable data protection laws of the European Economic Area, Switzerland, or the United Kingdom, you have the right to lodge a complaint with the competent supervisory authority if you believe our processing of your personal information violates applicable law. * EEA Data Protection Authorities (DPAs) * Swiss Federal Data Protection and Information Commissioner (FDPIC) * UK Information Commissioner’s Office (ICO) ‍ #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/privacy-notice#id-10.-contact-us) **10\. CONTACT US** 200ms Labs is the controller of the personal information we process under this Privacy Notice. If you have any questions about our privacy practices or this Privacy Notice, or to exercise your rights as detailed in this Privacy Notice, please contact us at: 200ms Labs Ltd. [\[email protected\]envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#4d2c292024230d7f7d7d203e632422) [PreviousTerms and Conditionschevron-left](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions) [NextBackpack Exchange Disclaimer re: FTX Creditorchevron-right](https://support.backpack.exchange/legal/backpack-exchange-disclaimer-re-ftx-creditor) Last updated 11 months ago --- # Backpack Exchange Disclaimer re: FTX Creditor | Backpack Exchange **Disclaimer** Backpack Exchange is providing access to FTX Creditor solely as a convenience to our users. Backpack Exchange does **not** endorse, support, or recommend the sale or transfer of any FTX claims. We are not affiliated with FTX Creditor and have not independently verified the accuracy, legitimacy, or reliability of its services. Users interact with FTX Creditor entirely at their own risk. Backpack Exchange expressly disclaims any and all responsibility or liability arising from or related to your use of the FTX Creditor services. This includes, but is not limited to, any loss, error, delay, dispute, or claim arising out of or in connection with the FTX Creditor platform or your transactions with it. Please conduct your own due diligence and consult with your legal or financial advisors before proceeding. [PreviousPrivacy Noticechevron-left](https://support.backpack.exchange/legal/backpack-wallet/privacy-notice) Last updated 6 months ago --- # Terms and Conditions | Backpack Exchange **Last Updated:** August 25, 2025 Please read these Backpack Terms and Conditions (these "Terms") and our Privacy Policy ([backpack.app/privacyarrow-up-right](https://backpack.app/privacy) ) ("Privacy Policy") carefully because they govern your use of the Backpack, a platform enabling you to hold, manage your assets and accounts on, and interact with, the Supported Networks, Supported Digital Assets, Supported Digital Asset Accounts, and Supported Applications (as each are defined below)(collectively, the "Platform") as more fully described in these Terms, accessible through [www.backpack.apparrow-up-right](http://www.backpack.app/) (the "Site"), mobile application ("App") and browser extension. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#definitions) Definitions To make these Terms easier to read: * Backpack Technologies Ltd. is referred to as "Backpack Technologies", "we," "us," or "our." * The Site, the Platform, App, browser extension, and any other features, tools, materials, and other services offered from time to time by Backpack Technologies are referred to collectively as the "Services." * "You" and "your" refer to you, as a user of the Services. A "user" is someone who accesses or in any way uses the Service. {% hint style="warning" %} **IMPORTANT NOTICE REGARDING ARBITRATION:** WHEN YOU AGREE TO THESE TERMS YOU ARE AGREEING (WITH LIMITED EXCEPTION) TO RESOLVE ANY DISPUTE BETWEEN YOU AND BACKPACK TECHNOLOGIES THROUGH BINDING, INDIVIDUAL ARBITRATION RATHER THAN IN COURT. PLEASE REVIEW CAREFULLY SECTION 19 "DISPUTE RESOLUTION" BELOW FOR DETAILS REGARDING ARBITRATION. HOWEVER, IF YOU ARE A RESIDENT OF A JURISDICTION WHERE APPLICABLE LAW PROHIBITS ARBITRATION OF DISPUTES, THE AGREEMENT TO ARBITRATE IN SECTION 19 WILL NOT APPLY TO YOU BUT THE PROVISIONS OF SECTION 18 (GOVERNING LAW) WILL APPLY INSTEAD. {% endhint %} ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-1.-agreement-to-terms-and-privacy-policy) 1\. Agreement to Terms and Privacy Policy By using or accessing the Services, you agree to be bound by these Terms as well as our Privacy Policy which provides information on how we collect, use and share your information. If you don't agree to be bound by these Terms or our Privacy Policy, do not use or access the Services. If you are accessing or using the Services on behalf of a company (such as your employer) or other legal entity, you represent and warrant that you have the authority to bind that entity to these Terms. In that case, "you" and "your" will also refer to that entity. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-2.-changes-to-these-terms-or-the-services) 2\. Changes to these Terms or the Services The Services and related libraries may need to be updated, for example, for bug fixes, enhanced functions, missing plug-ins and new versions (collectively, "Updates"). Such Updates may be necessary in order for you to use the Services or to access, download, or use the Platform and Supported Applications. By agreeing to these Terms and using the Services, you agree to receive such Updates automatically. We may update these Terms and the Services, from time to time, at our sole discretion. If we do, we will let you know by providing the updated Terms through the Services or on the Site. It's important that you review these Terms whenever we update them or you use or access the Services. If you continue to use or access the Services after we have provided updated Terms it means that you accept and agree to the changes. If you don't agree to be bound by the changes, you may not use or access the Services anymore. Because the Services are evolving over time we may change or discontinue all or any part of the Services, at any time and without notice, at our sole discretion. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-3.-eligibility) 3\. Eligibility You may use the Services only if you are 18 years or older, are capable of forming a binding contract with Backpack Technologies and are not otherwise barred from using the Services under applicable law. By using or accessing the Services, you represent to us that you are: (1) not subject to sanctions, embargoes, export restrictions or otherwise designated on any list of prohibited or restricted parties, including but not limited to the lists maintained by the United Nations Security Council, the U.S. Government (e.g., the Specially Designated Nationals List and Foreign Sanctions Evaders List of the U.S. Department of Treasury and the Entity List of the U.S. Department of Commerce), the European Union or its Member States, or other applicable government authority; (2) not located in (or a citizen of) any jurisdiction to which the United States has embargoed goods or has otherwise applied any sanctions; and (3) are otherwise authorized access to the Services under applicable law. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-4.-feedback) 4\. Feedback We appreciate feedback, comments, ideas, proposals and suggestions for improvements to the Services ("Feedback"). If you choose to submit Feedback, you agree that we are free to use it without any restriction or compensation to you. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-5.-fees) 5\. Fees We may charge fees for some or part of the Services, including fees charged on token swaps that you execute on decentralized exchanges by accessing such exchanges via the Platform. We reserve the right to change those fees at any time. Currently, we charge a flat 0.85% transaction fees on swaps. Rates that appear in the Platform are calculated with fees applied. You may incur fees from third parties for use of their services in connection with your use of the Services we provide. For example, you may be charged fees via the decentralized exchanges that you may access via the Platform. Under no circumstances shall we incur any liability, of any kind, to you arising from or relating to the services provided to you by third parties linked to or accessed through our Platform or Services. Although we attempt to provide accurate fee information, any such information reflects our estimate of fees, which may vary from the fees actually paid to use the Services and interact with the Solana blockchain or any other network. You understand that the fees, swap rates, and prices are estimates only and may be inaccurate. We are not liable for, and you hereby forever release us from, any losses or other liabilities arising from an inaccurate estimate of fees provided in connection with any use of the Services. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-6.-your-content) 6\. Your Content #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-6.1.-posting-content) 6.1. Posting Content Our Services may allow you to store or share content such as text (in posts or communications with others), files, documents, graphics, images, music, software, audio and video. Anything (other than Feedback) that you post or otherwise make available through the Services is referred to as "User Content". Backpack Technologies does not claim any ownership rights in any User Content and nothing in these Terms will be deemed to restrict any rights that you may have to your User Content. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-6.2.-permissions-to-your-user-content) 6.2. Permissions to Your User Content By making any User Content available through the Services you hereby grant to Backpack Technologies a non-exclusive, transferable, worldwide, royalty-free license, with the right to sublicense, to use, copy, modify, create derivative works based upon, and distribute, your User Content in connection with operating and providing the Services. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-6.3.-your-responsibility-for-user-content) 6.3. Your Responsibility for User Content You are solely responsible for all your User Content. You represent and warrant that you have (and will have) all rights that are necessary to grant us the license rights in your User Content under these Terms. You represent and warrant that neither your User Content, nor your use and provision of your User Content to be made available through the Services, nor any use of your User Content by Backpack Technologies on or through the Services will infringe, misappropriate or violate a third party's intellectual property rights, or rights of publicity or privacy, or result in the violation of any applicable law or regulation. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-6.4.-removal-of-user-content) 6.4. Removal of User Content You can remove your User Content by specifically deleting or removing it from the Services. You should know that in certain instances, some of your User Content (such as posts or comments you make) may not be completely removed and copies of your User Content may continue to exist on the Services. To the maximum extent permitted by law, we are not responsible or liable for the removal or deletion of (or the failure to remove or delete) any of your User Content. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-6.5.-backpack-technologies-intellectual-property) 6.5. Backpack Technologies' Intellectual Property We may make available through the Services content that is subject to intellectual property rights. We retain all rights to that content. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-6.6.-user-name) 6.6. User Name We reserve the right to recall or change your user name during the Beta period. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-7.-app-license) 7\. App License If you comply with these Terms, Backpack Technologies grants to you a limited non-exclusive, non-transferable license, with no right to sublicense, to download and install the App on your devices and to run the App solely for your own personal non-commercial purposes. Except as expressly permitted in these Terms, you may not: (i) copy, modify or create derivative works based on the App; (ii) distribute, transfer, sublicense, lease, lend or rent the App to any third party; (iii) reverse engineer, decompile or disassemble the App (unless applicable law permits, despite this limitation); or (iv) make the functionality of the App available to multiple users through any means. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-8.-general-prohibitions-and-backpack-technologies-enforcement-rights) 8\. General Prohibitions and Backpack Technologies' Enforcement Rights You agree not to do any of the following: #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-8.1) 8.1. Use, display, mirror or frame the Services or any individual element within the Services, Backpack Technologies' name, any Backpack Technologies' trademark, logo or other proprietary information, or the layout and design of any page or form contained on a page, without Backpack Technologies' express written consent; #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-8.2) 8.2. Access, tamper with, or use non-public areas of the Services, Backpack Technologies' computer systems, or the technical delivery systems of Backpack Technologies' providers; #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-8.3) 8.3. Attempt to probe, scan or test the vulnerability of any Backpack Technologies' system or network or breach any security or authentication measures; #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-8.4) 8.4. Avoid, bypass, remove, deactivate, impair, descramble or otherwise circumvent any technological measure implemented by Backpack Technologies or any of Backpack Technologies' providers or any other third party (including another user) to protect the Services; #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-8.5) 8.5. Attempt to access or search the Services or download content from the Services using any engine, software, tool, agent, device or mechanism (including spiders, robots, crawlers, data mining tools or the like) other than the software and/or search agents provided by Backpack Technologies or other generally available third-party web browsers; #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-8.6) 8.6. Use any meta tags or other hidden text or metadata utilizing a Backpack Technologies' trademark, logo URL or product name without Backpack Technologies' express written consent; #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-8.7) 8.7. Use the Services, or any portion thereof, for any commercial purpose or for the benefit of any third party or in any manner not permitted by these Terms; #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-8.8) 8.8. Forge any TCP/IP packet header or any part of the header information in any email or newsgroup posting, or in any way use the Services to send altered, deceptive or false source-identifying information; #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-8.9) 8.9. Attempt to decipher, decompile, disassemble or reverse engineer any of the software used to provide the Services; #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-8.10) 8.10. Interfere with, or attempt to interfere with, the access of any user, host or network, including, without limitation, sending a virus, overloading, flooding, spamming, or mail-bombing the Services; #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-8.11) 8.11. Violate any applicable law or regulation; or #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-8.12) 8.12. Encourage or enable any other individual to do any of the foregoing. Backpack Technologies is not obligated to monitor access to or use of the Services or to review or edit any content. However, we have the right to do so for the purpose of operating the Services, to ensure compliance with these Terms and to comply with applicable law or other legal requirements. We reserve the right, but are not obligated, to remove or disable access to any content, including User Content, at any time and without notice, including, but not limited to, if we, at our sole discretion, consider it objectionable or in violation of these Terms. We have the right to investigate violations of these Terms or conduct that affects the Services. We may also consult and cooperate with law enforcement authorities to prosecute users who violate the law. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-9.-functionality) 9\. Functionality The Services enable you to interact with the Solana Network and/or other supported networks (together, the "Supported Networks") associated with the non-fungible tokens ("NFTs"), executable NFTs ("xNFTs") and other digital assets that the Services may, in our sole discretion, elect to support (together, "Supported Digital Assets"). Through such interaction, you will be able to: (a) the create Supported Digital Asset account(s) and/or wallets ("Supported Digital Asset Accounts") to facilitate transactions; and (b) monitor, maintain, and transact with the associated Supported Digital Assets. In addition, the Services may enable you to access services, content, features, products, applications, smart contracts, or other functionality provided through integration with our Services ("Supported Applications"). ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-10.-password-and-security) 10\. Password and Security You will be responsible for securing your own access credentials, which may include a "wallet password," twelve-word seed phrase, "private key," and/or other private access information ("Access Credentials"). You understand and agree that Backpack Technologies cannot, and will not, restore or recover your Access Credentials and you agree to keep your Access Credentials confidential and immediately notify Backpack Technologies of any unauthorized use of your account or breach of security. You further represent and agree that Backpack Technologies shall not be liable for any loss or damage arising from your failure to comply with this section. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-11.-disclaimers-risks) 11\. DISCLAIMERS; RISKS #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-11.1.-warranty-disclaimer) 11.1. Warranty Disclaimer THE SERVICES ARE PROVIDED "AS IS," WITHOUT WARRANTY OF ANY KIND. WITHOUT LIMITING THE FOREGOING, WE EXPLICITLY DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT AND NON-INFRINGEMENT, AND ANY WARRANTIES ARISING OUT OF COURSE OF DEALING OR USAGE OF TRADE. We make no warranty that the Services will meet your requirements or be available on an uninterrupted, secure, or error-free basis. We make no warranty regarding the quality, accuracy, timeliness, truthfulness, completeness or reliability of any information or content on the Services. BACKPACK TECHNOLOGIES DOES NOT REPRESENT OR WARRANT THAT ANY CONTENT ON THE SERVICES IS ACCURATE, COMPLETE, RELIABLE, CURRENT OR ERROR-FREE. WE WILL NOT BE LIABLE FOR ANY LOSS OF ANY KIND FROM ANY ACTION TAKEN OR TAKEN IN RELIANCE ON MATERIAL OR INFORMATION, CONTAINED ON THE SERVICES. WHILE BACKPACK TECHNOLOGIES ATTEMPTS TO MAKE YOUR ACCESS TO AND USE OF THE SERVICES AND ANY CONTENT THEREIN SAFE, BACKPACK TECHNOLOGIES CANNOT AND DOES NOT REPRESENT OR WARRANT THAT THE SERVICES, ANY CONTENT THEREIN, ANY NFTS LISTED THEREIN, OR OUR SERVERS ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. WE CANNOT GUARANTEE THE SECURITY OF ANY DATA THAT YOU DISCLOSE ONLINE. YOU ACCEPT THE INHERENT SECURITY RISKS OF PROVIDING INFORMATION AND DEALING ONLINE OVER THE INTERNET AND WILL NOT HOLD US RESPONSIBLE FOR ANY BREACH OF SECURITY. BACKPACK TECHNOLOGIES WILL NOT BE RESPONSIBLE OR LIABLE TO YOU FOR ANY LOSS AND TAKES NO RESPONSIBILITY FOR, AND WILL NOT BE LIABLE TO YOU FOR, ANY USE OF THE SERVICES, INCLUDING BUT NOT LIMITED TO ANY LOSSES, DAMAGES OR CLAIMS ARISING FROM: (I) USER ERROR SUCH AS FORGOTTEN PASSWORDS, INCORRECTLY CONSTRUCTED TRANSACTIONS, OR MISTYPED WALLET ADDRESSES; (II) SERVER FAILURE OR DATA LOSS; (III) BLOCKCHAIN NETWORKS, CRYPTOCURRENCY WALLETS OR CORRUPT FILES; (IV) UNAUTHORIZED ACCESS TO SERVICES; OR (V) ANY THIRD PARTY ACTIVITIES, INCLUDING WITHOUT LIMITATION THE USE OF VIRUSES, PHISHING, BRUTEFORCING OR OTHER MEANS OF ATTACK. NFTS ARE INTANGIBLE DIGITAL ASSETS. THEY EXIST ONLY BY VIRTUE OF THE OWNERSHIP RECORD MAINTAINED IN THE APPLICABLE BLOCKCHAIN NETWORK. ANY TRANSFER OF TITLE THAT MIGHT OCCUR IN ANY UNIQUE DIGITAL ASSET OCCURS ON THE DECENTRALIZED LEDGER WITHIN SUCH BLOCKCHAIN NETWORK. WE DO NOT GUARANTEE THAT WE CAN AFFECT THE TRANSFER OF TITLE OR RIGHT IN ANY NFTS OR OTHER DIGITAL ASSETS, OR THAT ANY ASSOCIATED PAYMENT WILL BE SUCCESSFUL. YOU BEAR FULL RESPONSIBILITY FOR VERIFYING THE IDENTITY, LEGITIMACY, AND AUTHENTICITY OF ASSETS YOU PURCHASE THROUGH THE SERVICES. NOTWITHSTANDING INDICATORS AND MESSAGES THAT SUGGEST VERIFICATION, BACKPACK TECHNOLOGIES MAKES NO CLAIMS ABOUT THE IDENTITY, LEGITIMACY, OR AUTHENTICITY OF ASSETS ON THE SERVICES. THE SERVICES MAY NOT BE AVAILABLE DUE TO ANY NUMBER OF FACTORS INCLUDING, BUT NOT LIMITED TO, PERIODIC SYSTEM MAINTENANCE, SCHEDULED OR UNSCHEDULED, ACTS OF GOD, UNAUTHORIZED ACCESS, VIRUSES, DENIAL OF SERVICE OR OTHER ATTACKS, TECHNICAL FAILURE OF THE SERVICES AND/OR TELECOMMUNICATIONS INFRASTRUCTURE OR DISRUPTION, AND THEREFORE WE EXPRESSLY DISCLAIM ANY EXPRESS OR IMPLIED WARRANTY REGARDING THE USE AND/OR AVAILABILITY, ACCESSIBILITY, SECURITY OR PERFORMANCE OF THE SERVICES CAUSED BY SUCH FACTORS. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES AGAINST THE POSSIBILITY OF DELETION, MISDELIVERY OR FAILURE TO STORE COMMUNICATIONS, PERSONALIZED SETTINGS OR OTHER DATA. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES. ACCORDINGLY, SOME OF THE ABOVE DISCLAIMERS OF WARRANTIES MAY NOT APPLY TO YOU. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-11.2.-sophistication-and-risk-of-cryptographic-systems) 11.2. Sophistication and Risk of Cryptographic Systems By using or accessing the Services, you represent that you understand the inherent risks associated with cryptographic systems; and warrant that you have an understanding of the usage and intricacies of cryptographic tokens, decentralized networks, and blockchain-based software systems. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-11.3.-risk-of-regulatory-actions-in-one-or-more-jurisdictions) 11.3. Risk of Regulatory Actions in One or More Jurisdictions Backpack Technologies and the NFTs, as well as any other Supported Network, Supported Digital Assets, and any Supported Digital Asset Accounts, could be impacted by one or more regulatory inquiries or regulatory action, which could impede or limit the ability of Backpack Technologies to continue to develop, or which could impede or limit your ability to access or use the Services, the Solana Network, any other Supported Network, Supported Digital Assets, and/or any Supported Digital Asset Accounts. By using or accessing the Services, you acknowledge these risks and agree that Backpack Technologies will not be held liable for any losses or damages associated with these risks including, without limitation, losses associated with your use of Supported Digital Assets or Supported Networks. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-11.4.-risk-of-weaknesses-or-exploits-in-the-field-of-cryptography) 11.4. Risk of Weaknesses or Exploits in the Field of Cryptography You acknowledge and understand that cryptography is a progressing field and that advances in cryptanalysis or technical advances such as the development of quantum computers may present risks to cryptocurrencies and the Services, which could result in the theft or loss of your Supported Digital Assets or Supported Digital Asset Accounts. To the extent possible, Backpack Technologies intends to update the Services to account for any advances in cryptography and to incorporate additional security measures, but does not guarantee or otherwise represent full security of the Services. By using or accessing the Services, you acknowledge these risks and agree that Backpack Technologies will not be held liable for any losses or damages associated with these risks including, without limitation, losses associated with your use of Supported Digital Assets or Supported Networks. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-11.5.-volatility-of-digital-assets) 11.5. Volatility of Digital Assets You understand that the Supported Digital Assets, and the Supported Networks, are highly volatile due to many factors including but not limited to adoption, speculation, technology and security risks. You also acknowledge that the cost of transacting on the Supported Networks is variable and may increase at any time causing impact to any activities taking place on the Services or Supported Networks. By using or accessing the Services, you acknowledge these risks and agree that Backpack Technologies will not be held liable for any losses or damages associated with these risks including, without limitation, losses associated with your use of Supported Digital Assets or Supported Networks. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-11.6.-other-affiliated-services-and-third-party-services) 11.6. Other Affiliated Services and Third Party Services The Services may include, integrate with, or be accessible through, Supported Applications including software and services provided by our affiliates and or by third parties Supported Applications. Supported Applications are made available to you under the terms of the applicable service providers (collectively, "Service Providers"). Please review the applicable terms prior to using or accessing Supported Applications. By using any Supported Applications, you acknowledge that (i) you have read and agree to the terms that apply to such Supported Applications and (ii) you may be exposed to the risks inherent in such Supported Applications. Such risks include, without limitation, delays in or inability to access funds or cryptographic tokens held by such parties or loss of funds of cryptographic tokens. You agree that Backpack Technologies is not responsible for any such liability. Service Providers may charge you a fee for use of, or access to, Supported Applications. You acknowledge that Backpack Technologies may earn fees from Service Providers in connection with your use of such Supported Applications. You agree that Backpack Technologies and its affiliates are not in any way associated with the Supported Applications or responsible or liable for the software and services offered by the associated Service Providers. Backpack Technologies does not endorse or approve and makes no warranties, representations or undertakings relating to the software, service or content of any Third Party Services. In addition, Backpack Technologies disclaims liability for any loss, damage and any other consequence resulting directly or indirectly from or relating to your use or access of Third Party Services or any information that you may provide or any transaction conducted with or through the Third Party Services or the failure of any information, software or services posted or offered by such Service Providers or any error, omission or misrepresentation by such Service Providers or any computer virus arising from or system failure associated with the Third Party Services. In the event of any inconsistency between these Terms and the terms of the Supported Applications, these Terms will prevail. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-12.-indemnity) 12\. Indemnity You will indemnify and hold Backpack Technologies and its officers, directors, employees and agents, harmless from and against any claims, disputes, demands, liabilities, damages, losses, and costs and expenses, including, without limitation, reasonable legal and accounting fees arising out of or in any way connected with (a) your access to or use of the Services, (b) any User Content, or (c) your violation of these Terms. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-13.-limitation-on-liability) 13\. Limitation on Liability #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-13.1) 13.1. TO THE MAXIMUM EXTENT PERMITTED BY LAW, NEITHER BACKPACK TECHNOLOGIES NOR ITS SERVICE PROVIDERS INVOLVED IN CREATING, PRODUCING, OR DELIVERING THE SERVICES WILL BE LIABLE FOR ANY INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, OR DAMAGES FOR LOST PROFITS, LOST REVENUES, LOST SAVINGS, LOST BUSINESS OPPORTUNITY, LOSS OF DATA OR GOODWILL, SERVICE INTERRUPTION, COMPUTER DAMAGE OR SYSTEM FAILURE OR THE COST OF SUBSTITUTE SERVICES OF ANY KIND ARISING OUT OF OR IN CONNECTION WITH THESE TERMS OR FROM THE USE OF OR INABILITY TO USE THE SERVICES, WHETHER BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), PRODUCT LIABILITY OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT BACKPACK TECHNOLOGIES OR ITS SERVICE PROVIDERS HAVE BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGE, EVEN IF A LIMITED REMEDY SET FORTH HEREIN IS FOUND TO HAVE FAILED OF ITS ESSENTIAL PURPOSE. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-13.2) 13.2. TO THE MAXIMUM EXTENT PERMITTED BY THE LAW OF THE APPLICABLE JURISDICTION, IN NO EVENT WILL BACKPACK TECHNOLOGIES' TOTAL LIABILITY ARISING OUT OF OR IN CONNECTION WITH THESE TERMS OR FROM THE USE OF OR INABILITY TO USE THE SERVICES EXCEED THE AMOUNTS YOU HAVE PAID OR ARE PAYABLE BY YOU TO BACKPACK TECHNOLOGIES FOR USE OF THE SERVICES OR ONE HUNDRED DOLLARS ($100), IF YOU HAVE NOT HAD ANY PAYMENT OBLIGATIONS TO BACKPACK TECHNOLOGIES, AS APPLICABLE. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-13.3) 13.3. THE EXCLUSIONS AND LIMITATIONS OF DAMAGES SET FORTH ABOVE ARE FUNDAMENTAL ELEMENTS OF THE BACKPACK TECHNOLOGIES' OFFER TO PROVIDE SERVICES. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-14.-limited-license) 14\. Limited License We grant you limited, non-exclusive, revocable permission to make use of the Services ("Access"). This Access shall remain in effect until and unless terminated by you or us. You understand that this Access is personal to you and you promise and agree that you will not attempt to redistribute, sublicense, or otherwise attempt to transfer Access or the Services, except as expressly provided under these Terms. We, and our licensors, retain ownership of all copies of the Services, or any part thereof, even after installation on your personal computers, mobile devices, tablets, wearable devices, speakers and/or other devices. All Backpack Technologies' trademarks, service marks, trade names, logos, domain names, and any other features of the Backpack Technologies' brand ("Backpack Technologies Brand Features") are the sole property of Backpack Technologies or its licensors. The Terms do not grant you any rights to use any Backpack Technologies Brand Features whether for commercial or non-commercial use. You agree to abide by our user guidelines and not to use the Services or any part thereof in any manner not expressly permitted by the Terms. Except for the rights expressly granted to you in the Terms, Backpack Technologies grants no right, title, or interest to you in the Site, the App or the Services. Third party software (for example, open source software libraries) included in the Services are made available to you under the relevant third party software library's license terms. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-15.-links) 15\. Links The Services provide, or third parties may provide, links to other sites, applications or resources. Because Backpack Technologies has no control over such sites, applications and resources, you acknowledge and agree that Backpack Technologies is not responsible for the availability of such external sites, applications or resources, and does not endorse and is not responsible or liable for any content, services, advertising, products or other materials on or available from such sites or resources. You further acknowledge and agree that Backpack Technologies shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such site or resource. You acknowledge sole responsibility for and assume all risk arising from, your use of any third-party links. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-16.-termination-and-suspension) 16\. Termination and Suspension We may suspend or terminate your access to and use of the Services, including suspending access to or terminating your account, at our sole discretion, at any time and without notice to you. You may cancel your account at any time by sending us an email at [\[email protected\]envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#0b6a6f6662654b393b3b6678256264) . Upon any termination, discontinuation or cancellation of the Services or your account, the following Sections will survive: 5 (to the extent any fees are owed to Backpack Technologies at termination), 11, 12, 13, 17, 18, 19, and 20. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-17.-no-third-party-beneficiaries) 17\. No Third Party Beneficiaries You agree that, except as otherwise expressly provided in these Terms, there shall be no third party beneficiaries to the Terms. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-18.-governing-law-and-forum-choice) 18\. Governing Law and Forum Choice These Terms and any action related thereto will be governed by the British Virgin Islands Arbitration Act and the laws of the British Virgin Islands, without regard to its conflict of laws provisions. Except as otherwise expressly set forth in Section 19 "Dispute Resolution," the exclusive jurisdiction for all Disputes (defined below) that you and Backpack Technologies are not required to arbitrate will be the state and federal courts located in the British Virgin Islands, and you and Backpack Technologies each waive any objection to jurisdiction and venue in such courts. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-19.-dispute-resolution) 19\. Dispute Resolution #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-19.1.-mandatory-arbitration-of-disputes) 19.1. Mandatory Arbitration of Disputes We each agree that any dispute, claim or controversy arising out of or relating to these Terms or the breach, termination, enforcement, interpretation or validity thereof or the use of the Services (collectively, "Disputes") will be resolved solely by binding, individual arbitration and not in a class, representative or consolidated action or proceeding. You and Backpack Technologies agree that the British Virgin Islands Arbitration Act governs the interpretation and enforcement of these Terms, and that you and Backpack Technologies are each waiving the right to a trial by jury or to participate in a class action. This arbitration provision shall survive termination of these Terms. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-19.2.-exceptions) 19.2. Exceptions As limited exceptions to Section 19.1 above: (i) we both may seek to resolve a Dispute in small claims court if it qualifies; and (ii) we each retain the right to seek injunctive or other equitable relief from a court to prevent (or enjoin) the infringement or misappropriation of our intellectual property rights. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-19.3.-conducting-arbitration-and-arbitration-rules) 19.3. Conducting Arbitration and Arbitration Rules The arbitration will be conducted by the JAMS pursuant to its rules then in effect, except as modified by these Terms. Disputes involving claims and counterclaims under $250,000, not inclusive of attorneys' fees and interest, shall be subject to JAMS' most current version of the Streamlined Arbitration Rules. All other claims shall be subject to JAMS' most current version of the Comprehensive Arbitration Rules and Procedures (collectively, the "JAMS Rules"). The JAMS rules are available at [www.jamsadr.comarrow-up-right](http://www.jamsadr.com/) (under the Rules/Clauses tab) or by calling JAMS at 800-352-5267. Payment of all filing, administration, and arbitration fees will be governed by the JAMS rules, including JAMS' Consumer Arbitration Minimum Standards. A party who wishes to start arbitration must submit a written Demand for Arbitration to JAMS and give notice to the other party as specified in the JAMS Rules. Any arbitration hearings will be held remotely where possible and permitted by the applicable rules, unless we both agree to a different location. Where required by law for the provision to be enforceable, arbitration will be held locally but otherwise will be held in the British Virgin Islands, as appropriate. The parties agree that the arbitrator shall have exclusive authority to decide all issues relating to the interpretation, applicability, enforceability and scope of this arbitration agreement. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-19.4.-arbitration-costs) 19.4. Arbitration Costs Payment of all filing, administration and arbitrator fees will be governed by the JAMS Rules, including JAMS' Consumer Arbitration Minimum Standards, as applicable, and we won't seek to recover the administration and arbitrator fees we are responsible for paying, unless the arbitrator finds your Dispute frivolous. If we prevail in arbitration we'll pay all of our attorneys' fees and costs and won't seek to recover them from you. If you prevail in arbitration you will be entitled to an award of attorneys' fees and expenses to the extent provided under applicable law. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-19.5.-injunctive-and-declaratory-relief) 19.5. Injunctive and Declaratory Relief Except as provided in Section 19.2 above, the arbitrator shall determine all issues of liability on the merits of any claim asserted by either party and may award declaratory or injunctive relief only in favor of the individual party seeking relief and only to the extent necessary to provide relief warranted by that party's individual claim. To the extent that you or we prevail on a claim and seek public injunctive relief (that is, injunctive relief that has the primary purpose and effect of prohibiting unlawful acts that threaten future injury to the public), the entitlement to and extent of such relief must be litigated in a civil court of competent jurisdiction and not in arbitration. The parties agree that litigation of any issues of public injunctive relief shall be stayed pending the outcome of the merits of any individual claims in arbitration. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-19.6.-class-action-waiver) 19.6. Class Action Waiver YOU AND BACKPACK TECHNOLOGIES AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. Further, if the parties' Dispute is resolved through arbitration, the arbitrator may not consolidate another person's claims with your claims, and may not otherwise preside over any form of a representative or class proceeding. If this specific provision is found to be unenforceable, then the entirety of this Dispute Resolution section shall be null and void. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-19.7.-severability) 19.7. Severability With the exception of any of the provisions in Section 19.6 of these Terms ("Class Action Waiver"), if an arbitrator or court of competent jurisdiction decides that any part of these Terms is invalid or unenforceable, the other parts of these Terms will still apply. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-20.-general-terms) 20\. General Terms #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-20.1.-reservation-of-rights) 20.1. Reservation of Rights Backpack Technologies and its licensors exclusively own all right, title and interest in and to the Services, including all associated intellectual property rights. You acknowledge that the Services are protected by copyright, trademark, and other laws of the United States and foreign countries. You agree not to remove, alter or obscure any copyright, trademark, service mark or other proprietary rights notices incorporated in or accompanying the Services. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-20.2.-entire-agreement) 20.2. Entire Agreement These Terms constitute the entire and exclusive understanding and agreement between Backpack Technologies and you regarding the Services, and these Terms supersede and replace all prior oral or written understandings or agreements between Backpack Technologies and you regarding the Services. If any provision of these Terms is held invalid or unenforceable by an arbitrator or a court of competent jurisdiction, that provision will be enforced to the maximum extent permissible and the other provisions of these Terms will remain in full force and effect. You may not assign or transfer these Terms, by operation of law or otherwise, without Backpack Technologies' prior written consent. Any attempt by you to assign or transfer these Terms, without such consent, will be null. Backpack Technologies may freely assign or transfer these Terms without restriction. Subject to the foregoing, these Terms will bind and inure to the benefit of the parties, their successors and permitted assigns. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-20.3.-notices) 20.3. Notices Any notices or other communications provided by Backpack Technologies under these Terms will be given: (i) via email; or (ii) by posting to the Services. For notices made by email, the date of receipt will be deemed the date on which such notice is transmitted. #### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-20.4.-waiver-of-rights) 20.4. Waiver of Rights Backpack Technologies' failure to enforce any right or provision of these Terms will not be considered a waiver of such right or provision. The waiver of any such right or provision will be effective only if in writing and signed by a duly authorized representative of Backpack Technologies. Except as expressly set forth in these Terms, the exercise by either party of any of its remedies under these Terms will be without prejudice to its other remedies under these Terms or otherwise. ### [hashtag](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-21.-contact-information) 21\. Contact Information If you have any questions about these Terms or the Services, please contact Backpack Technologies at [\[email protected\]envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#ec8d88818582acdedcdc819fc28583) . [PreviousBackpack Walletchevron-left](https://support.backpack.exchange/legal/backpack-wallet) [NextPrivacy Noticechevron-right](https://support.backpack.exchange/legal/backpack-wallet/privacy-notice) Last updated 4 months ago * [Definitions](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#definitions) * [1\. Agreement to Terms and Privacy Policy](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-1.-agreement-to-terms-and-privacy-policy) * [2\. Changes to these Terms or the Services](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-2.-changes-to-these-terms-or-the-services) * [3\. Eligibility](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-3.-eligibility) * [4\. Feedback](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-4.-feedback) * [5\. Fees](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-5.-fees) * [6\. Your Content](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-6.-your-content) * [7\. App License](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-7.-app-license) * [8\. General Prohibitions and Backpack Technologies' Enforcement Rights](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-8.-general-prohibitions-and-backpack-technologies-enforcement-rights) * [9\. Functionality](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-9.-functionality) * [10\. Password and Security](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-10.-password-and-security) * [11\. DISCLAIMERS; RISKS](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-11.-disclaimers-risks) * [12\. Indemnity](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-12.-indemnity) * [13\. Limitation on Liability](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-13.-limitation-on-liability) * [14\. Limited License](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-14.-limited-license) * [15\. Links](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-15.-links) * [16\. Termination and Suspension](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-16.-termination-and-suspension) * [17\. No Third Party Beneficiaries](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-17.-no-third-party-beneficiaries) * [18\. Governing Law and Forum Choice](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-18.-governing-law-and-forum-choice) * [19\. Dispute Resolution](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-19.-dispute-resolution) * [20\. General Terms](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-20.-general-terms) * [21\. Contact Information](https://support.backpack.exchange/legal/backpack-wallet/terms-and-conditions#id-21.-contact-information) --- # Email Protection | Cloudflare Please enable cookies. Email Protection ================ You are unable to access this email address support.backpack.exchange --------------------------------------------------------------------- The website from which you got to this page is protected by Cloudflare. Email addresses on that page have been hidden in order to keep them from being accessed by malicious bots. **You must enable Javascript in your browser in order to decode the e-mail address**. If you have a website and are interested in protecting it in a similar way, you can [sign up for Cloudflare](https://www.cloudflare.com/sign-up?utm_source=email_protection) . * [How does Cloudflare protect email addresses on website from spammers?](https://developers.cloudflare.com/waf/tools/scrape-shield/email-address-obfuscation/) * [Can I sign up for Cloudflare?](https://developers.cloudflare.com/fundamentals/setup/account/create-account/) Cloudflare Ray ID: **9c06a0b449b07ff9** • Your IP: Click to reveal 54.237.218.47 • Performance & security by [Cloudflare](https://www.cloudflare.com/5xx-error-landing) --- # Downloads | Backpack Exchange [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/start-here/downloads#mobile-exchange-and-wallet) Mobile: Exchange and Wallet -------------------------------------------------------------------------------------------------------------------------------------------------------------- [![ios-appstore](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fios.svg&width=300&dpr=4&quality=100&sign=da9a512a&sv=2)App Storearrow-up-right](https://apps.apple.com/us/app/backpack-wallet-exchange/id6445964121) [![ios-testflight](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fios.svg&width=300&dpr=4&quality=100&sign=da9a512a&sv=2)Test Flight Try new features before releasearrow-up-right](https://testflight.apple.com/join/O4XYF0IX) [![android](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fgoogle.svg&width=300&dpr=4&quality=100&sign=b4da549a&sv=2)Google Playarrow-up-right](https://download.backpack.app/BQcg/app) ![android-apk](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fandroid.svg&width=300&dpr=4&quality=100&sign=5d8700f4&sv=2)[Android APKDownload 2.22.0 (163)arrow-up-right](https://mobile.xnftdata.com/backpack-apk-2.22.0+163.apk) * * * [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/start-here/downloads#extension-wallet) Extension: Wallet ------------------------------------------------------------------------------------------------------------------------------------------ [![chrome](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fchrome.svg&width=300&dpr=4&quality=100&sign=7555a801&sv=2)Chromearrow-up-right](https://chromewebstore.google.com/detail/backpack/aflkmfhebedbjioipglgcbcmnbpgliof) [![brave](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fbrave.svg&width=300&dpr=4&quality=100&sign=8b773693&sv=2)Bravearrow-up-right](https://chromewebstore.google.com/detail/backpack/aflkmfhebedbjioipglgcbcmnbpgliof) * * * [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/start-here/downloads#id-2fa-apps) 2FA Apps ---------------------------------------------------------------------------------------------------------------------------- [![ios](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fios.svg&width=300&dpr=4&quality=100&sign=da9a512a&sv=2)Google Authenticator (iOS)arrow-up-right](https://apps.apple.com/us/app/google-authenticator/id388497605) [![android](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fbackpack.app%2Fbrands%2Fandroid.svg&width=300&dpr=4&quality=100&sign=5d8700f4&sv=2)Google Authenticator (Android)arrow-up-right](https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2&hl=en) [PreviousStart Herechevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq) [NextExchangechevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange) Last updated 10 months ago * [Mobile: Exchange and Wallet](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/start-here/downloads#mobile-exchange-and-wallet) * [Extension: Wallet](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/start-here/downloads#extension-wallet) * [2FA Apps](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/start-here/downloads#id-2fa-apps) --- # Đơn đăng ký niêm yết token | Tài liệu Hỗ trợ Tiếng Việt | Backpack Exchange Backpack là sàn giao dịch crypto và nền tảng ví được thiết kế để giao dịch, quản lý và bảo mật tài sản tiền mã hoá một cách liền mạch, bao gồm Solana, Ethereum và Bitcoin. Hiện tại, Backpack Exchange phục vụ người dùng từ hơn 150 quốc gia với khối lượng giao dịch 60 tỷ USD kể từ khi ra mắt cách đây một năm. Ví Backpack được thiết kế để quản lý trực quan, lưu trữ an toàn và giao dịch liền mạch các tài sản kỹ thuật số như Solana, Ethereum và nhiều loại khác. Xem thêm tại trang [Giới thiệuarrow-up-right](https://learn.backpack.exchange/about) của chúng tôi để biết thêm chi tiết. Hãy mở rộng cơ hội phát triển mới bằng cách niêm yết token dự án của bạn trên Backpack Exchange. Điền vào mẫu đăng ký bên dưới và đội ngũ của chúng tôi sẽ liên hệ với bạn. * * * [hashtag](https://support.backpack.exchange/support-docs/vn/san-giao-dich/cac-chuong-trinh-va-bieu-phi/don-dang-ky-niem-yet-token#listing-application-form) Listing Application Form ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [![Logo](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fairtable.com%2Fimages%2Ffavicon%2Fbaymax%2Fapple-touch-icon.png&width=20&dpr=4&quality=100&sign=97c1deca&sv=2)Airtable | Everyone's app platformAirtablechevron-right](https://airtable.com/appzUl7DuSHXwdOIh/pagmoAw1xYDPQDsSs/form) [PreviousChương Trình Market Makerchevron-left](https://support.backpack.exchange/support-docs/vn/san-giao-dich/cac-chuong-trinh-va-bieu-phi/chuong-trinh-market-maker) [NextChương Trình Tìm Lỗi (Bug Bounty Program)chevron-right](https://support.backpack.exchange/support-docs/vn/san-giao-dich/cac-chuong-trinh-va-bieu-phi/chuong-trinh-tim-loi-bug-bounty-program) Last updated 9 months ago --- # Giới thiệu, Hoán đổi & Kiếm tiền | Tài liệu Hỗ trợ Tiếng Việt | Backpack Exchange Hệ thống giới thiệu của Backpack Wallet cho phép bạn kiếm tiền mỗi khi người được bạn giới thiệu hoán đổi crypto trên mạng lưới Solana (sử dụng công cụ hoán đổi tích hợp của Backpack). * Thu nhập sẽ được tự động gửi đến địa chỉ thanh toán bạn đã chọn mỗi ngày. * Người dùng đã tạo tài khoản cũng có thể thêm mã giới thiệu của bạn. * * * [hashtag](https://support.backpack.exchange/support-docs/vn/vi-wallet/cac-hoat-dong/gioi-thieu-hoan-doi-and-kiem-tien#cach-tao-ma-gioi-thieu) Cách tạo mã giới thiệu ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/support-docs/vn/vi-wallet/cac-hoat-dong/gioi-thieu-hoan-doi-and-kiem-tien#id-1-chon-bieu-tuong-hinh-mon-qua) 1) Chọn biểu tượng hình món quà ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcontent.gitbook.com%2Fcontent%2FCQl6WfWtNCWZ011Q38zK%2Fblobs%2FPL7duKCpoAMcVF5TUTOn%2FGroup%252058.png&width=768&dpr=4&quality=100&sign=423f1e45&sv=2) ### [hashtag](https://support.backpack.exchange/support-docs/vn/vi-wallet/cac-hoat-dong/gioi-thieu-hoan-doi-and-kiem-tien#id-2-chi-dinh-dia-chi-thanh-toan-and-ma-gioi-thieu-tuy-chinh-cua-ban) 2) Chỉ định Địa chỉ Thanh toán & Mã Giới thiệu Tùy chỉnh của bạn **Lưu ý:** Địa chỉ thanh toán không thể thay đổi sau khi đã thiết lập. **Lưu ý:** Có thể truy cập thống kê giới thiệu từ nhiều thiết bị bằng cách tạo cùng một Mã Giới thiệu Tùy chỉnh sử dụng cùng một Địa chỉ Thanh toán. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcontent.gitbook.com%2Fcontent%2FCQl6WfWtNCWZ011Q38zK%2Fblobs%2FwWcAYCUVBkrJDuzlrv7h%2FGroup%252059.png&width=768&dpr=4&quality=100&sign=bdef81f1&sv=2) ### [hashtag](https://support.backpack.exchange/support-docs/vn/vi-wallet/cac-hoat-dong/gioi-thieu-hoan-doi-and-kiem-tien#id-3-chia-se-ma-gioi-thieu-cua-ban) 3) Chia sẻ mã giới thiệu của bạn Gia đình và bạn bè sẽ nhập mã giới thiệu của bạn khi đăng ký tài khoản mới trên Backpack Wallet. ### [hashtag](https://support.backpack.exchange/support-docs/vn/vi-wallet/cac-hoat-dong/gioi-thieu-hoan-doi-and-kiem-tien#id-4-theo-doi-luot-gioi-thieu-giao-dich-hoan-doi-va-thu-nhap-cua-ban) 4) Theo dõi lượt giới thiệu, giao dịch hoán đổi và thu nhập của bạn ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcontent.gitbook.com%2Fcontent%2FCQl6WfWtNCWZ011Q38zK%2Fblobs%2Fc3tNDnBd2gr5PzMpuTxA%2FGroup%252060.png&width=768&dpr=4&quality=100&sign=73b9b756&sv=2) [PreviousHoán đổi Tokenchevron-left](https://support.backpack.exchange/support-docs/vn/vi-wallet/cac-hoat-dong/hoan-doi-token) [NextStake SOLchevron-right](https://support.backpack.exchange/support-docs/vn/vi-wallet/cac-hoat-dong/stake-sol) Last updated 9 months ago * [Cách tạo mã giới thiệu](https://support.backpack.exchange/support-docs/vn/vi-wallet/cac-hoat-dong/gioi-thieu-hoan-doi-and-kiem-tien#cach-tao-ma-gioi-thieu) * [1) Chọn biểu tượng hình món quà](https://support.backpack.exchange/support-docs/vn/vi-wallet/cac-hoat-dong/gioi-thieu-hoan-doi-and-kiem-tien#id-1-chon-bieu-tuong-hinh-mon-qua) * [2) Chỉ định Địa chỉ Thanh toán & Mã Giới thiệu Tùy chỉnh của bạn](https://support.backpack.exchange/support-docs/vn/vi-wallet/cac-hoat-dong/gioi-thieu-hoan-doi-and-kiem-tien#id-2-chi-dinh-dia-chi-thanh-toan-and-ma-gioi-thieu-tuy-chinh-cua-ban) * [3) Chia sẻ mã giới thiệu của bạn](https://support.backpack.exchange/support-docs/vn/vi-wallet/cac-hoat-dong/gioi-thieu-hoan-doi-and-kiem-tien#id-3-chia-se-ma-gioi-thieu-cua-ban) * [4) Theo dõi lượt giới thiệu, giao dịch hoán đổi và thu nhập của bạn](https://support.backpack.exchange/support-docs/vn/vi-wallet/cac-hoat-dong/gioi-thieu-hoan-doi-and-kiem-tien#id-4-theo-doi-luot-gioi-thieu-giao-dich-hoan-doi-va-thu-nhap-cua-ban) --- # Start Here | Backpack Exchange Please browse our comprehensive self-service support articles below. If you're in need of direct help please don't hesitate to reach out to our team directly: * For **email support**: [\[email protected\]](https://support.backpack.exchange/cdn-cgi/l/email-protection) * For **live chat support** head to our [learn.backpack.exchangearrow-up-right](https://learn.backpack.exchange/) site and click on the chatbot in the lower right hand portion of your screen. * For **community support** head to our discord at [https://discord.gg/backpackarrow-up-right](https://discord.gg/backpack) . [NextDownloadschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/start-here/downloads) Last updated 10 months ago --- # Report Issue or Bug | Backpack Exchange The best way to report issues or glitches in Backpack products is to generate a Support ticket using the built in function which lives in both Wallet and Exchange. It collects details about the system status that helps troubleshoot the issue. * After submitting a ticket, make sure to record the ticket ID and include it when you contact Support ([\[email protected\]envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#92e1e7e2e2fde0e6d2f0f3f1f9e2f3f1f9bcf3e2e2) ) * * * [PreviousView Secret Recovery Phrases and Private Keyschevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys) [NextExchangechevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/exchange) Last updated 11 months ago --- # Legal | Backpack Exchange ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal#general-legal) General Legal * [User Agreement](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/general-legal/user-agreement) * [Privacy Policy](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/general-legal/privacy-policy) * [Cookie Policy](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/general-legal/cookie-policy) ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal#vara-disclosures) VARA Disclosures * [Virtual Asset Standards](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/virtual-asset-standards) * [VARA License Information](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/vara-license-information) * [Risk Disclosures](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/risk-disclosures) * [Price Quotesarrow-up-right](https://support.backpack.exchange/articles/price-quotes) * [Exchange Trading Rules](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/exchange-trading-rules) * [Complaints](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/complaints) * [Available Digital Assets](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/available-digital-assets) ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal#backpack-wallet) Backpack Wallet * [Backpack Wallet Terms and Conditions](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/backpack-wallet/terms-and-conditions) * [Backpack Wallet Privacy Notice](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/backpack-wallet/privacy-notice) [PreviousWalletchevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/wallet) [NextGeneral Legalchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/general-legal) Last updated 11 months ago * [General Legal](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal#general-legal) * [VARA Disclosures](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal#vara-disclosures) * [Backpack Wallet](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal#backpack-wallet) --- # Wallet | Backpack Exchange [**Get Backpack Wallet here**arrow-up-right](https://download.backpack.app/BQcg/i4uu9wj4) [PreviousWithdrawal Feeschevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/programs-and-fees/withdrawal-fees) [NextWhat is Backpack Wallet?chevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/what-is-backpack-wallet) Last updated 10 months ago --- # Exchange | Backpack Exchange [Account Functionschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/account-functions) [Identity Verificationchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/identity-verification) [Deposits and Withdrawalschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/deposits-and-withdrawals) [Login and Securitychevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/login-and-security) [Product FAQschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/product-faqs) [Programs and Feeschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/programs-and-fees) [PreviousDownloadschevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/start-here/downloads) [NextAccount Functionschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/account-functions) --- # Login and Security | Backpack Exchange [Reset Passwordchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/login-and-security/reset-password) [OTP Passcodechevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/login-and-security/otp-passcode) [Reset 2FAchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/login-and-security/reset-2fa) [I suspect unauthorized access to my accountchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/login-and-security/i-suspect-unauthorized-access-to-my-account) [Troubleshoot connectivity issueschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/login-and-security/troubleshoot-connectivity-issues) [PreviousHow to Withdrawchevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/deposits-and-withdrawals/how-to-withdraw) [NextReset Passwordchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/login-and-security/reset-password) --- # Exchange | Backpack Exchange ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/exchange#how-to-report-bugs-or-platform-glitches-on-the-backpack-exchange) **How to report bugs or platform glitches on the Backpack Exchange:** If you encounter any irregularities or glitches, kindly follow this guide to share your observations. ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/exchange#id-1-document-the-glitch-if-possible) **1) Document the glitch (if possible)** * Taking a screenshot or a short screen recording can greatly expedite our troubleshooting process. * While this isn't mandatory, it provides our technical team with invaluable insights into the issue. ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/exchange#id-2-send-your-report) **2) Send your report** * Forward your observations and any visual evidence to [\[email protected\]envelope](https://support.backpack.exchange/cdn-cgi/l/email-protection#f3808683839c8187b39192909883929098dd968b909b929d9496) . * Provide comprehensive information: * Clearly describe the observed bug or glitch. Mention the device and browser you were using, steps leading up to the anomaly, and any other pertinent data. Remember, while visuals are beneficial, a detailed description is equally important. ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/exchange#id-3-await-our-feedback) **3) Await our feedback** * Once you've relayed your observations, our team will commence its investigation. You may receive an acknowledgment or a tracking reference, assuring you that we're on the case. ‍ **Thank you for contributing to enhancing Backpack Exchange!** Your observations and feedback are crucial in ensuring our platform continues to operate at the highest level possible. [PreviousReport Issue or Bugchevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug) [NextWalletchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/wallet) Last updated 11 months ago * [How to report bugs or platform glitches on the Backpack Exchange:](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/exchange#how-to-report-bugs-or-platform-glitches-on-the-backpack-exchange) * [1) Document the glitch (if possible)](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/exchange#id-1-document-the-glitch-if-possible) * [2) Send your report](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/exchange#id-2-send-your-report) * [3) Await our feedback](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/exchange#id-3-await-our-feedback) --- # Account Functions | Backpack Exchange [Change Emailchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/account-functions/change-email) [Generate API keys for Backpack Exchangechevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/account-functions/generate-api-keys-for-backpack-exchange) [Export trading history (CSV)chevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/account-functions/export-trading-history-csv) [Order types and executionschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/account-functions/order-types-and-executions) [Take Profit & Stop Loss Orders (TP/SL)chevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/account-functions/take-profit-and-stop-loss-orders-tp-sl) [PreviousExchangechevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange) [NextChange Emailchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/account-functions/change-email) Last updated 11 months ago --- # Troubleshoot | Backpack Exchange [Hide Spam NFTschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/troubleshoot/hide-spam-nfts) [Hide Tokenschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/troubleshoot/hide-tokens) [Wallet Not Loadingchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/troubleshoot/wallet-not-loading) [View Secret Recovery Phrases and Private Keyschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/troubleshoot/view-secret-recovery-phrases-and-private-keys) [PreviousAdd Developer Testnetschevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/actions/add-developer-testnets) [NextHide Spam NFTschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/troubleshoot/hide-spam-nfts) --- # Identity Verification | Backpack Exchange [KYC Identity Verification is pendingchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/identity-verification/kyc-identity-verification-is-pending) [Account Identity Requirementschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/identity-verification/account-identity-requirements) [How To Verify Account Identitychevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/identity-verification/how-to-verify-account-identity) [PreviousTake Profit & Stop Loss Orders (TP/SL)chevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/account-functions/take-profit-and-stop-loss-orders-tp-sl) [NextKYC Identity Verification is pendingchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/identity-verification/kyc-identity-verification-is-pending) --- # Deposits and Withdrawals | Backpack Exchange [Deposit & Withdrawal Issueschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/deposits-and-withdrawals/deposit-and-withdrawal-issues) [How to Depositchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/deposits-and-withdrawals/how-to-deposit) [How to Withdrawchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/deposits-and-withdrawals/how-to-withdraw) [PreviousVerify Identity (KYC)chevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/identity-verification/how-to-verify-account-identity/verify-identity-kyc) [NextDeposit & Withdrawal Issueschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/deposits-and-withdrawals/deposit-and-withdrawal-issues) --- # Wallet | Backpack Exchange **Note:** This example uses the Backpack mobile app. The flow is similar in the desktop extension. ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/wallet#id-1-open-the-main-settings-menu) 1) Open the main Settings menu Note: If you are on the Wallet screen, you must navigate to home screen and then open the main Settings menu. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66f13f031a77414fdef4766a_66f13ec1bc061f3b47e9cb9c_support_ticket_backpack_wallet_exchangea.png&width=768&dpr=4&quality=100&sign=2094f4a6&sv=2) ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/wallet#id-2-select-bug-report) 2) Select 'Bug Report' ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66f13f031a77414fdef4766d_66f13ec82d1f656b9cf9babd_support_ticket_backpack_wallet_exchangeb.png&width=768&dpr=4&quality=100&sign=4635abfc&sv=2) ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/wallet#id-3-select-submit) 3) Select 'Submit' ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66f13f031a77414fdef47642_66f13ece14eac03ea0e2ca19_support_ticket_backpack_wallet_exchangec.png&width=768&dpr=4&quality=100&sign=58e26c38&sv=2) ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/wallet#id-4-copy-the-report-identifier-code) 4) Copy the report identifier code. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66f13f021a77414fdef4763a_66f13ed442c21845c54abea2_support_ticket_backpack_wallet_exchanged.png&width=768&dpr=4&quality=100&sign=4a33566c&sv=2) ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/wallet#id-5-detail-the-issue-and-attach-the-report-identifier-code-in-your-email) 5) Detail the issue and attach the report identifier code in your email. * * * [PreviousExchangechevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/exchange) [NextLegalchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal) Last updated 11 months ago * [1) Open the main Settings menu](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/wallet#id-1-open-the-main-settings-menu) * [2) Select 'Bug Report'](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/wallet#id-2-select-bug-report) * [3) Select 'Submit'](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/wallet#id-3-select-submit) * [4) Copy the report identifier code.](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/wallet#id-4-copy-the-report-identifier-code) * [5) Detail the issue and attach the report identifier code in your email.](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/report-issue-or-bug/wallet#id-5-detail-the-issue-and-attach-the-report-identifier-code-in-your-email) --- # Programs and Fees | Backpack Exchange [Backpack Hunterchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/programs-and-fees/backpack-hunter) [Bug Bounty Programchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/programs-and-fees/bug-bounty-program) [Market Maker Programchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/programs-and-fees/market-maker-program) [Pointschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/programs-and-fees/points) [Referralschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/programs-and-fees/referrals) [Supported Regionschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/programs-and-fees/supported-regions) [Trading Feeschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/programs-and-fees/trading-fees) [Token Listing Applicationchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/programs-and-fees/token-listing-application) [VIPchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/programs-and-fees/vip) [Withdrawal Feeschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/programs-and-fees/withdrawal-fees) [PreviousLend/Borrow FAQschevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/product-faqs/lend-borrow-faqs) [NextBackpack Hunterchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/programs-and-fees/backpack-hunter) Last updated 11 months ago --- # Get Started | Backpack Exchange ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/get-started#where-to-download-backpack-wallet) Where to download Backpack Wallet [Download the Backpack wallet for browser, iOS and Android here.arrow-up-right](https://download.backpack.app/BQcg/i4uu9wj4) ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/get-started#how-to-make-a-new-account-on-backpack-wallet) How to make a new account on Backpack Wallet This process applies to both mobile and browser extension. 1. Download the Backpack app or extension 2. Open the application or extension 3. Select '_**Create a new wallet**_' 4. Choose the appropriate blockchain network 5. Note: you can add additional networks to the same account after creating the account 6. Review the Secret Recovery Phrase Warning and confirm 7. Record the Secret Recovery Phrase in a secure location 8. Note: This is the only way to recover your account ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/get-started#how-to-import-an-existing-wallet-to-backpack-wallet) How to import an existing wallet to Backpack Wallet 1. Open the Backpack Wallet main menu and select '_**\+ Add Account**_' 2. Select 'Import Wallet' 3. Choose the appropriate blockchain network 4. Pick the appropriate import route * Import secret recovery phrase * Use a hardware wallet * Import private key * Add view-only public key 5. Follow the specific instructions for each import route [PreviousWhat is Backpack Wallet?chevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/what-is-backpack-wallet) [NextSupported Browsers and Platformschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/get-started/supported-browsers-and-platforms) Last updated 11 months ago * [Where to download Backpack Wallet](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/get-started#where-to-download-backpack-wallet) * [How to make a new account on Backpack Wallet](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/get-started#how-to-make-a-new-account-on-backpack-wallet) * [How to import an existing wallet to Backpack Wallet](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/get-started#how-to-import-an-existing-wallet-to-backpack-wallet) --- # UK Crypto Regulations & Risk Disclosure | Backpack Exchange [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#new-uk-crypto-regulations) New UK Crypto Regulations -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- The UK financial regulator, the Financial Conduct Authority (‘FCA’), has expanded the scope of the financial promotions regime to enhance protections for UK users investing in cryptoassets. All cryptoasset firms - like Backpack Exchange - who market to UK consumers will have to comply with the new rules from 8 October 2023. [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#notice-to-customers-in-the-uk) Notice to customers in the UK ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk. [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#what-are-the-key-risks) What are the key risks? --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#id-1.-you-could-lose-all-the-money-you-invest) 1\. You could lose all the money you invest * The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets. * The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure. ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#id-2.-you-should-not-expect-to-be-protected-if-something-goes-wrong) 2\. You should not expect to be protected if something goes wrong * The Financial Services Compensation Scheme (FSCS) doesn’t protect this type of investment because it’s not a ‘specified investment’ under the UK regulatory regime – in other words, this type of investment isn’t recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker [herearrow-up-right](https://www.fscs.org.uk/check/investment-protection-checker/) . * Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA-regulated firm, FOS may be able to consider it. Learn more about FOS protection [herearrow-up-right](https://www.financial-ombudsman.org.uk/consumers) . ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#id-3.-you-may-not-be-able-to-sell-your-investment-when-you-want-to) 3\. You may not be able to sell your investment when you want to * There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time. * Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want. ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#id-4.-cryptoasset-investments-can-be-complex) 4\. Cryptoasset investments can be complex * Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment. * You should do your own research before investing. If something sounds too good to be true, it probably is. ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#id-5.-dont-put-all-your-eggs-in-one-basket) 5\. Don’t put all your eggs in one basket * Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. * A good rule of thumb is not to invest more than 10% of your money in high-risk investments. Learn more [herearrow-up-right](https://www.fca.org.uk/investsmart/5-questions-ask-you-invest) . **If you are interested in learning more about how to protect yourself, visit the FCA’s website** [**here**arrow-up-right](https://www.fca.org.uk/investsmart) **.** **For further information about cryptoassets, visit the FCA’s website** [**here**arrow-up-right](https://www.fca.org.uk/investsmart/crypto-basics) **.** [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#the-risks-of-different-cryptoasset-products) The risks of different cryptoasset products -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Not all cryptoassets are the same. Before making an investment decision, it's essential to be aware of the unique risks associated with each type of cryptoasset products. ### [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#notice-to-customers-in-the-uk-1) Notice to customers in the UK Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk. \------ **Stablecoin Risks**. Stablecoins are often backed by reserves including fiat currencies, short term government and other bonds, as well as other assets. However, they are generally not subject to any form of deposit or government insurance. For some stablecoins, the underlying reserves may not be audited, and the types of reserves backing the stablecoin is unable to be confirmed. As a result, in addition to fees charged by the issuers, users and investors may face difficulties redeeming stablecoins for their underlying assets. In addition, if the collateral loses value, or are seen as unstable, non-redeemable, or not otherwise protected, whether in actuality or in perception, then the stablecoin may destabilize, resulting in a loss of the peg. The security and operational integrity of the custody and mint and redemption platforms associated with stablecoins are also critical. Any breach or failure can result in significant losses to stablecoin holders. Stablecoin issuers and operators also navigate complex and evolving regulatory landscapes across jurisdictions. Failure to comply with these financial laws and regulations can result in fines, restrictions or the shutdown of operations, affecting the value and liquidity of the stablecoin. **Memecoin Risks.** Memecoins often rely on social media buzz, hype and endorsements from influencers and opinion leaders for their valuation. Any negative shift in sentiment or fading interest can rapidly cause their value to depreciate, including to zero in a short amount of time. In addition, unlike traditional assets or some crypto assets with utility or underlying projects, meme coins often lack intrinsic value, making their long-term viability and price stability highly uncertain. In addition, the memecoins are susceptible to manipulation through pump-and-dump schemes, where prices are artificially inflated to attract buyers before the assets are sold off, leading to a sharp decline in value. Many meme coins are also launched with minimal planning or long-term vision, and the risk of developers abandoning the project is significant. The success of certain meme coins has led to a proliferation of similar tokens, many of which are created solely to scam unwary investors. Distinguishing legitimate projects from scams in a hype-driven market can be highly challenging. [PreviousAvailable Digital Assetschevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/available-digital-assets) [NextBackpack Walletchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/backpack-wallet) Last updated 10 months ago * [New UK Crypto Regulations](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#new-uk-crypto-regulations) * [Notice to customers in the UK](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#notice-to-customers-in-the-uk) * [What are the key risks?](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#what-are-the-key-risks) * [1\. You could lose all the money you invest](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#id-1.-you-could-lose-all-the-money-you-invest) * [2\. You should not expect to be protected if something goes wrong](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#id-2.-you-should-not-expect-to-be-protected-if-something-goes-wrong) * [3\. You may not be able to sell your investment when you want to](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#id-3.-you-may-not-be-able-to-sell-your-investment-when-you-want-to) * [4\. Cryptoasset investments can be complex](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#id-4.-cryptoasset-investments-can-be-complex) * [5\. Don’t put all your eggs in one basket](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#id-5.-dont-put-all-your-eggs-in-one-basket) * [The risks of different cryptoasset products](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#the-risks-of-different-cryptoasset-products) * [Notice to customers in the UK](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure#notice-to-customers-in-the-uk-1) --- # What is Backpack Wallet? | Backpack Exchange Backpack is a **security conscious self-custodial crypto wallet** for Solana, Ethereum, Optimism, Arbitrum, Polygon, Base, Sonic and many more blockchains. It enables you to have complete control over their crypto assets. [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/what-is-backpack-wallet#backpack-wallet-is-used-for-all-your-crypto-needs) **Backpack Wallet is used for all your crypto needs.** -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- * sending and receiving crypto assets * swapping crypto tokens * staking crypto tokens * viewing, securing and trading NFTs * connection with cold storage hardware wallets Ledger, Trezor and Keystone * multi-sig wallet protection * connecting to developer testnets [**Download the Backpack wallet for browser, iOS and Android here.**arrow-up-right](https://download.backpack.app/BQcg/i4uu9wj4) * * * [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/what-is-backpack-wallet#backpack-is-a-secure-place-to-store-nfts) Backpack is a secure place to store NFTs. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- NFT **collection locking** is an easy to use feature that **automatically rejects transaction requests** when an NFT is locked in the Backpack Wallet. Note: Collection locking is currently limited to select projects. ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66e0be450f09a6f6779a3aad_66e0be2da1e582580bd26ad5_what_is_backpack_wallet.png&width=768&dpr=4&quality=100&sign=c88c1a30&sv=2) [hashtag](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/what-is-backpack-wallet#backpack-is-home-to-xnfts) Backpack is home to xNFTs. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- **xNFTs are decentralized applications** that operate within Backpack. The most notable xNFT functions are featured in the Mad Lads collection itself. These are: * Embedded mint and claim * Token-gated chats * Soulbound inventory * Loyalty rewards * ...and many more ![](https://support.backpack.exchange/~gitbook/image?url=https%3A%2F%2Fcdn.prod.website-files.com%2F669641f210a1019f2d8231fa%2F66e0be450f09a6f6779a3ab2_66e0be3874bbae5b6b968ad8_what_is_backpack_wallet2.png&width=768&dpr=4&quality=100&sign=27c088ed&sv=2) [PreviousWalletchevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet) [NextGet Startedchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/get-started) Last updated 11 months ago * [Backpack Wallet is used for all your crypto needs.](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/what-is-backpack-wallet#backpack-wallet-is-used-for-all-your-crypto-needs) * [Backpack is a secure place to store NFTs.](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/what-is-backpack-wallet#backpack-is-a-secure-place-to-store-nfts) * [Backpack is home to xNFTs.](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/what-is-backpack-wallet#backpack-is-home-to-xnfts) --- # VARA Disclosures | Backpack Exchange [Virtual Asset Standardschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/virtual-asset-standards) [VARA License Informationchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/vara-license-information) [Risk Disclosureschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/risk-disclosures) [Price Quoteschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/price-quotes) [Exchange Trading Ruleschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/exchange-trading-rules) [Complaintschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/complaints) [Available Digital Assetschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/available-digital-assets) [PreviousCookie Policychevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/general-legal/cookie-policy) [NextVirtual Asset Standardschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/vara-disclosures/virtual-asset-standards) --- # Backpack Wallet | Backpack Exchange [Terms and Conditionschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/backpack-wallet/terms-and-conditions) [Privacy Noticechevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/backpack-wallet/privacy-notice) [PreviousUK Crypto Regulations & Risk Disclosurechevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/uk-crypto-regulations-and-risk-disclosure) [NextTerms and Conditionschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/backpack-wallet/terms-and-conditions) --- # Actions | Backpack Exchange [Swap Tokenschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/actions/swap-tokens) [Refer, Swap & Earnchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/actions/refer-swap-and-earn) [Stake SOLchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/actions/stake-sol) [SOL/ETH Bridgechevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/actions/sol-eth-bridge) [Secure NFTschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/actions/secure-nfts) [Add Networkschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/actions/add-networks) [Connect Hardware Walletchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/actions/connect-hardware-wallet) [Multisigchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/actions/multisig) [Custom RPC Addresseschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/actions/custom-rpc-addresses) [Add Developer Testnetschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/actions/add-developer-testnets) [PreviousImport/Recover Walletchevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/get-started/import-recover-wallet) [NextSwap Tokenschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/wallet/actions/swap-tokens) Last updated 11 months ago --- # General Legal | Backpack Exchange [User Agreementchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/general-legal/user-agreement) [Privacy Policychevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/general-legal/privacy-policy) [Cookie Policychevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/general-legal/cookie-policy) [PreviousLegalchevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal) [NextUser Agreementchevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/legal/general-legal/user-agreement) --- # Product FAQs | Backpack Exchange * * * **Looking for in-depth walkthroughs? Check out our Backpack Guides and Tutorials at** [**Learn.Backpack.Exchange**arrow-up-right](https://learn.backpack.exchange/) **or our trading system docs at** [**Guide.Backpack.Exchange.**arrow-up-right](https://guide.backpack.exchange/) * * * [PreviousTroubleshoot connectivity issueschevron-left](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/login-and-security/troubleshoot-connectivity-issues) [NextSpot Trading FAQschevron-right](https://support.backpack.exchange/~/revisions/DBo79HudgGfEJIvVhxiq/exchange/product-faqs/spot-trading-faqs) Last updated 11 months ago ---