Wire USD directly to and from your bank account with zero platform fees. 1:1 USDC-USD conversion. No slippage. Cleared by Royal Bank of Scotland.
USD
Backpack charges $0 for sending or receiving USD wires. No platform fees on deposits or withdrawals.
USDC converts to USD at a 1:1 rate with zero slippage. What you send is what you get.
All wire transfers are cleared by the Royal Bank of Scotland with full asset segregation.
Deposits and withdrawals processed via SWIFT wire transfer. Typically 1–5 business days.
Works with HSBC, Chase, Citi, ZA Bank, Wise, Revolut, and other SWIFT-compatible banks.
Fully licensed under the EU MiFID II framework. Institutional-grade compliance and regulation.
Log in to Backpack Exchange and click Deposit. Select Cash (USD), then Wire Transfer.
Copy the account name, SWIFT/BIC, IBAN, and reference code shown on screen.
Initiate a SWIFT transfer from your bank using the details. USD only. Must be from an account in your name.
Once the wire arrives (1–5 business days), USDC is automatically credited to your Backpack account at a 1:1 rate.
Use your deposited USDC to trade crypto spot pairs with deep liquidity and low fees.
Start Trading →Trade perpetual futures with up to 20x leverage. Your USDC works as collateral.
Trade Perps →Trade on real-world event outcomes with Backpack's prediction markets.
Explore Markets →No. Backpack charges zero platform fees for USD wire deposits and withdrawals. Your sending or intermediary bank may apply its own SWIFT transfer charges, but Backpack does not charge anything on its end.
Backpack supports USD wire transfers via SWIFT. Compatible banks include HSBC, Chase, Bank of America, Citibank, ZA Bank, and fintech platforms like Wise and Revolut that support named SWIFT transfers.
Wire transfers typically take 1 to 5 business days to process. Once the funds arrive, USDC is automatically credited to your Backpack account at a 1:1 rate.
The minimum for both deposits and withdrawals is $100 USD. Backpack does not impose maximum caps — any limits are set by your bank or payment provider.
Log in to Backpack Exchange, click Withdraw, select Cash (USD), and add your bank account details including SWIFT/BIC code and account number. Enter the amount (minimum $100), complete 2FA verification, and your funds will be wired within 1–5 business days.