VS
Backpack EU vs Bullish Europe
MiCA-regulated Backpack EU platform with spot and perpetual futures focus — BaFin-licensed MiCA exchange with an institutional trading focus
Updated: July 2026
Backpack EU and Bullish Europe are among the most popular crypto exchanges for active traders. Backpack EU positions itself as "MiCA-regulated Backpack EU platform with spot and perpetual futures focus", while Bullish Europe competes with "BaFin-licensed MiCA exchange with an institutional trading focus". Where do the key differences lie — and which platform is the better fit for your needs?
When it comes to fees, Bullish Europe has the edge: 0.03% spot taker fee compared to 0.10% at Backpack EU. On a $10,000 trade, that's a saving of $7 per transaction. Additional perk at Bullish Europe: Bullish advertises no maker fees and 0-0.03% taker fees for individual accounts; market and tier dependent.
On the security front, Backpack EU offers MiCA-regulated via Trek Technologies SIA in Latvia with an insurance fund of MiCA-regulated custody; no quantified public insurance fund. Bullish Europe provides MiCA-regulated via Bullish Europe GmbH in Germany (BaFin) and backs it with Full-reserve and custody focus; no quantified public insurance fund. Both platforms feature industry-standard security measures including 2FA, cold storage, and regular audits.
Backpack EU stands out with Perpetual Futures, Mobile App, Wallet Ecosystem, while Bullish Europe differentiates itself through Institutional Liquidity, API, Automated Market Making.
Backpack EU and Bullish Europe are neck and neck with 2 categories won each and 7x tie. The choice depends on your priorities: fees, features, or regulation.
Which Exchange Is Better for You?
Backpack EU offers the easier onboarding experience, a polished mobile app and Help Center/Support.
Bullish Europe charges 0.03% spot taker fee plus Bullish advertises no maker fees and 0-0.03% taker fees for individual accounts; market and tier dependent.
Bullish Europe with MiCA-regulated via Bullish Europe GmbH in Germany (BaFin) and Full-reserve and custody focus; no quantified public insurance fund insurance fund.
Both exchanges offer a comparable coin selection with Selected spot and perp markets trading pairs each.
Comparison Table
| Criteria | Backpack EU | Bullish Europe | 🏆 |
|---|---|---|---|
| Spot Maker Fee | 0.08% | 0.00% | Bullish Europe |
| Spot Taker Fee | 0.10% | 0.03% | Bullish Europe |
| Futures Maker Fee | 0.02% | N/A | Backpack EU |
| Futures Taker Fee | 0.05% | N/A | Backpack EU |
| Max Leverage | EU perpetuals available | N/A | — |
| Trading Pairs | Selected spot and perp markets | Selected markets | — |
| Copy Trading | No | No | — |
| Grid Bots | No | No | — |
| Insurance Fund | MiCA-regulated custody; no quantified public insurance fund | Full-reserve and custody focus; no quantified public insurance fund | — |
| KYC | Required | Required | — |
| Rating | 3.9/5 | 3.9/5 | — |
Bonus via CryptoExchangePicks
Backpack EU via CryptoExchangePicks
No bonus available
Bullish Europe via CryptoExchangePicks
No bonus available
Fees in Detail
Backpack EU
Bullish Europe
Backpack EU or Bullish Europe — which exchange is better?
How much can I save at Bullish Europe compared to Backpack EU on fees?
Which exchange is safer — Backpack EU or Bullish Europe?
Which exchange is easier to use — Backpack EU or Bullish Europe?
Not sure which exchange?
Check out our category rankings