| BitPay | Features | FTX |
|---|---|---|
| Georgia, Atlanta, USA | HQ Based | Bahamas |
| Settlements | ||
| Bitpay keeps a list of supported merchants on their website | Supported Merchants | |
| 1% of transaction / could be more for high-risk industries | Fee structure | 1% flat fee |
| Bank fees | ||
| Currencies | BTC, USDT, ETH, BCH, LTC, SOL, LINK, YFI, SUSHI, UNI, BAT, WBTC, DOGE, DAI, MATIC, SHIB, TUSD, USDC, USDP, BUSD, HUSD | |
| Too many to list, available on the API currency list request | Payment Methods | BTC, USDT, ETH, BCH, LTC, SOL, LINK, YFI, SUSHI, UNI, BAT, WBTC, DOGE, DAI, MATIC, SHIB, TUSD, USDC, USDP, BUSD, HUSD |
| Recurring Payments | ||
| Developer Friendly | ||
| Consumer Cards support Apply Pay | Apple Pay Support | |
| Point of Sale Support | ||
| Unsupported Paid Feature Supported Unknown | ||
American based Bitpay was founded in 2011.
Bitpay’s founders were early to the bitcoin movement and decided to go all in on this opportunity by building a bridge between the digital and traditional way of transacting globally.
Bitpay maintains a directory of places you can use cryptocurrencies to exchange for goods (vouchers, gift cards, or products), and plans to build more open tools in the future to be of use to the public.
Founded in 2019, FTX grew to be one of the giants in the Crypto Exchange markets really fast. Co-Founder Sam Bankman-Fried, once a Jane Street Capital ETF trader, Founded FTX because there was a need for Cryptocurrency derivatives market.
FTX then grew further by making a number of acquisitions at high valuations, like Cryptocurrency Portfolio app Blockfolio for $150 million and the naming rights to the Miami Heat’s basketball stadium in 2021.
FTX is one of the biggest cryptocurrency derivatives exchanges world wide.