Is Backpack safe? What its own terms say
Is Backpack safe to use for casino deposits?
Backpack's terms disclaim custody and access to your keys, so by their account only you can sign a deposit. Its terms name no gambling rule (backpack.app, read 2026-10-07), which is an absence, not a permission. Contracting party: 200ms Labs Ltd., place of incorporation not stated. 7 points are not verified. No primary-source incident is recorded. Liability: excluded for all loss.
Documents last checked Reviewed by CryptoGuardz Register Desk, editorial desk
Disclosure: CryptoGuardz has no commercial relationship with Backpack, earns nothing if you install it, and has not contacted the company or given it notice of this entry. Every statement below is either a verbatim quote from a document Backpack publishes or a statement about a public record, and both carry the date they were read. Corrections go to the corrections page.
1. What this means for you
Consequences first, in the conditional, each one produced by a clause in a document Backpack publishes itself. Every line links to that clause, quoted in full and dated. None of them is a claim that Backpack can move your coins on chain: the terms disclaim that power and this register takes them at their word on it.
- Your access to the app can be withdrawn if Backpack decides to withdraw it The termination clause is discretionary and states no grounds you could stay inside. Your keys are still yours; the software you reach them through is not.
- You are contracting with someone you cannot name if you use the swap, the on-ramp or the staking inside the app 2 sub-service clauses are recorded across 1 kinds of service, and most of the counterparties are identified in the terms only as a third party.
- You are relying on a document that does not describe the product if you read only the terms The recovery model the marketing pages describe is not the recovery model the binding document describes.
2. What this entry records, and what it does not
This register publishes no number for a wallet. The payout score on the casino register has five defined components and a published arithmetic; no equivalent instrument exists here. What follows is a field-by-field account of what was read, where and when.
| Binding terms | Read in full5 clauses captured verbatim across 5 topics, retrieved 2026-10-07 |
|---|---|
| Contracting entity | 200ms Labs Ltd.No jurisdiction of incorporation stated in the binding document |
| Custody position in the terms | Disclaims custody and disclaims access to key materialAsserted from the clauses, which make the user responsible for the seed phrase and private key and state 200ms Labs cannot restore them. No clause states expressly that 200ms Labs never holds key material. |
| Sub-services | 2 clauses recordedSwap. A count of recorded clauses, not of distinct companies. |
| Code audit | Not measuredNo security audit, source review or reproducible-build check has been carried out or read by this register. A wallet's safety is largely decided there, and nothing on this page speaks to it. |
| First-party test | Not measuredNo transaction has been signed, no swap executed and no recovery flow run through this product by this register. |
| Default node provider | Not disclosedNo RPC or node provider is named in any primary document retrieved. |
3. What we could not verify
Every entry carries this section. The gaps are published because a reader deserves the limits of the check as well as its results.
- Whether a newer wallet terms document exists. The terms at backpack.app/terms are dated 20 June 2023 and name 200ms Labs Ltd.; no newer wallet-specific terms were located.
- Which swap fee applies today. The terms say 0.85%; the March 2026 blog says zero. Recorded as a conflict, not resolved.
- The relationship between 200ms Labs Ltd. and the Backpack exchange entity. Not stated in any wallet document read.
- The full liability cap sentence. Only a fragment was captured verbatim; the cap is the greater of amounts paid and 100 US dollars.
- The default RPC provider, named swap aggregators and bridge providers. None named in the terms or privacy notice, which dates from 24 November 2022.
- Whether 200ms Labs can screen or block addresses. No clause either way was found.
- Documented incidents affecting Backpack Wallet. No primary-source incident was located. Absence here is absence of a search result, not evidence of no incident.
4. Who you are contracting with
The binding document names a company. It does not name a jurisdiction of incorporation, which is a different and smaller gap: a reader can find the counterparty but not the register it sits in.
| Named counterparty | 200ms Labs Ltd.source · retrieved 2026-10-07 |
|---|---|
| Jurisdiction | British Virgin Islands as governing law and arbitration statute. No place of incorporation or address is stated in the terms. |
| Relationships disclosed | None disclosed in the terms or the privacy notice. The wallet is marketed and documented on backpack.exchange, the domain of the Backpack exchange product, while the wallet terms name 200ms Labs Ltd. The relationship between 200ms Labs Ltd. and the entity operating the exchange is not stated in the wallet documents. |
200ms Labs Ltd. is referred to as "200ms Labs", "we," "us," or "our."backpack.app
These Terms and any action related thereto will be governed by the British Virgin Islands Arbitration Act and the laws of the British Virgin Islandsbackpack.app
5. The custody claim, and what the binding document says
What Backpack says in the place a user reads, against what it says in the place that binds a user.
Backpack Wallet is self-custodial: your keys, your assets, always.learn.backpack.exchange · 2026-10-07
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").backpack.app · 2026-10-07
200ms Labs cannot, and will not, restore or recover your Access Credentials and you agree to keep your Access Credentials confidentialbackpack.app
The terms place key security on the user and disclaim recovery. They do not say in words that 200ms Labs has no access to keys.
6. Recovery, and where the terms and the marketing differ
| Cloud or hosted backup offered | no |
|---|---|
| What is stored | Nothing by 200ms Labs, by the terms. The user holds the twelve-word seed phrase and private key. |
| Where | On the user's device and in the user's own record of the seed phrase. |
| Changes the custody position | no |
200ms Labs cannot, and will not, restore or recover your Access Credentials and you agree to keep your Access Credentials confidentialbackpack.app
On recovery, no difference found and no cloud backup product located. On fees, the terms and the marketing disagree: the terms, dated 20 June 2023, state a flat 0.85% fee on swaps; a Backpack blog post of 10 March 2026 states Backpack charges zero fees on swaps and bridges. The terms have not been updated to match. The binding document is also nearly three years old and predates the wallet's documented multi-chain and bridge features.
7. The app is not the wallet
2 clauses, each one a place where the product routes a user to a counterparty the user never contracts with by name, under terms the user never opens. The count is of recorded clauses and not of distinct companies: two entries can name the same counterparty and each still be a separate thing the terms permit.
Currently, we charge a flat 0.85% transaction fees on swaps.backpack.app
When you swap or bridge through Backpack Wallet, Backpack charges zero fees. No markups, hidden costs.learn.backpack.exchange
8. Withdrawing your access to the interface
Your keys are yours. The software you reach them through is licensed, and the licence can be withdrawn. 1 clauses are recorded on this point.
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.backpack.app
9. Who can block an address
Backpack claims no power to block an address in the documents read. No clause in the documents read discloses that another party in the stack can freeze or blacklist an address either. That is an absence of disclosure, not a guarantee that no such party exists.
10. What the terms say about gambling
Position recorded: not disclosed. No clause naming gambling, betting, casinos or wagering was found in the documents read. That is an absence in the documents, not a permission, and the general prohibition on unlawful use still applies.
The card side of the same question is on the card register, and the casino side on KYC on withdrawal.
11. Chains it names
Of the eight chains this register filters on, Backpack names 5: Solana, Ethereum, Base, BNB Chain, Polygon. Not named on the pages read: Bitcoin, TON, Tron. Networks named in a Backpack blog post of 10 March 2026 about Backpack Wallet. Bitcoin, TON and Tron are not named there. The backpack.app homepage references Bitcoin, but in the context of the exchange product, so Bitcoin is not recorded for the wallet.
Solana · Ethereum · Base · Monad · Sui · Aptos · BNB Chain · Arbitrum · Polygon · Sei · Optimism · Plasma · HyperEVM · Berachainlearn.backpack.exchange
12. Liability, amendment, arbitration and where you can use it
The liability clause excludes liability for all loss rather than capping it at a figure. It is the clause that decides what the rest of the document is worth.
$100, IF YOU HAVE NOT HAD ANY PAYMENT OBLIGATIONS TO 200MS LABSbackpack.app
Fragment of the cap clause: total liability is capped at the greater of amounts paid and 100 US dollars. The full sentence was not captured character for character.
We may update these Terms and the Services, from time to time, at our sole discretion.backpack.app
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 partiesbackpack.app
What the provider states it processes, and who it passes it to. Recorded because a wallet that never touches a key can still see every address you hold.
We may collect personal information when you request a wallet with us, such as your username and public key.backpack.app
13. Public record
No incident is recorded for Backpack. That is not a clean bill of health. No primary source, meaning a company disclosure, a public vulnerability register entry or a regulator action, was located within this collection. Absence of a record here is the absence of a search result.
14. Who should avoid Backpack
Anyone who needs a named party to be answerable for a loss. The liability position is excludes liability for all loss, and the terms disclaim responsibility for every third-party service the app routes you into.
Related entries
Or read the whole wallet register, the card register, the same method applied to exchanges and to crypto casinos, the clause library at clause watch, or how this register works.