Costs, licensing, consumer protection Privacy, self-custody, censorship resistance

Backpack

Coral

4.1/5 5.0/5
Custody Self-custody

Data verified on unchanged since the sources

Worth it if you want a curated multichain wallet (Solana, Ethereum, Sui) from the Anchor team, with integrated xNFT and app store, open-source on GitHub.

Avoid it if you need broad EVM network coverage: it's narrower than pure EVM wallets, the xNFT ecosystem is niche, and the seed phrase stays on you.

Backpack is a multichain self-custody wallet built by Coral, founded by Armani Ferrante (creator of Solana's Anchor framework). Originally a Solana-native wallet, it also supports Ethereum and Sui, and is best known for xNFTs: tokenized executable apps that run inside the wallet via a built-in app store. Private keys stay on the user's device, protected by a seed phrase, and Coral has no access to funds.

40
Transparency: Low
40/100 · see methodology
40
Data exposure: Low
40/100 · lower is better for sovereignty · methodology

Data & conditions

Fund custody Self-custody (funds in your control)
Type Software (hot wallet)
Source code Open-source
Recovery Seed phrase (BIP-39)
Bitcoin-only No
Supported chains Solana, Ethereum, Sui
Built-in swap Yes
dApp browser Yes
WalletConnect Yes
Segment B2C
MiCA / License status Nessuna (wallet self-custody non-custodial)

Strengths

  • Polished multichain experience (Solana, Ethereum, Sui) from the Anchor team; built-in xNFTs and app store; open-source code on GitHub.
  • Self-custody: funds stay in your wallet — the platform cannot touch them.
  • No KYC: usable without identity verification.
  • Open-source, verifiable code.
  • Self-hostable: you can run your own instance or node.

Weaknesses

  • xNFT ecosystem still niche; narrower chain coverage than pure EVM wallets; seed phrase is the user's responsibility.
  • No notable sovereignty drawback documented.

Verdict

A S ★ 4.1/5 ★ 5.0/5

Score 4.1/5, very strong profile. In its favour: polished multichain experience (Solana, Ethereum, Sui) from the Anchor team; built-in xNFTs and app store; open-source code on GitHub. The trade-off to weigh: xNFT ecosystem still niche; narrower chain coverage than pure EVM wallets; seed phrase is the user's responsibility.

On the Sovereignty lens the score is 5.0/5 (outstanding): the strength is privacy & anonymity (5.0/5), while censorship resistance (4.8/5) is the weak link.

Privacy & anonymity 30% 5.0
Fund control 20% 5.0
Censorship resistance 20% 4.8
Trustless / auditability 20% 5.0

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.

Reputation

What happened to people who used Backpack, and what users say. External signals: they do not feed the promp.it rating.

Incidents & regulatory actions

No known incident

Search across public sources: no known hack, withdrawal freeze or regulatory action as of the verification date.

verified on

Public reviews

4.1/5 2,193 reviews
  • Google Play ↗ 4.1/5 1,962 reviews

    Exact count from JSON-LD (ratingValue 4.11). Combined exchange + self-custody wallet app.

  • App Store ↗ 4.4/5 231 reviews

    Rating from itunes.apple.com/lookup (id 6445964121, Backpack Technologies Ltd.). The measured app is the combined exchange + self-custody wallet build, not the wallet alone.

Weighted average across 2 public review platforms (2,193 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.

FAQ

Is Backpack custodial?

No. Backpack is a non-custodial self-custody wallet: your private keys and seed phrase stay on your device and Coral has no access to your funds.

Which blockchains does Backpack support?

Backpack started on Solana and also supports Ethereum and Sui. It is available as a Chrome extension and an iOS/Android app.

What are Backpack's xNFTs?

xNFTs are tokenized executable apps that run directly inside the Backpack wallet via a built-in app store. They are the wallet's distinctive feature.

Sources

Update history

✓ Terms unchanged since Jun 20, 2026

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