FTX compared to BitPay

FTX
Versus
BitPay

Features

PSP Features of FTX compared to BitPay
FTXFeaturesBitPay
BahamasHQ BasedGeorgia, Atlanta, USA
Settlements
Supported MerchantsBitpay keeps a list of supported merchants on their website
1% flat feeFee structure1% of transaction / could be more for high-risk industries
Bank fees
BTC, USDT, ETH, BCH, LTC, SOL, LINK, YFI, SUSHI, UNI, BAT, WBTC, DOGE, DAI, MATIC, SHIB, TUSD, USDC, USDP, BUSD, HUSDCurrencies
BTC, USDT, ETH, BCH, LTC, SOL, LINK, YFI, SUSHI, UNI, BAT, WBTC, DOGE, DAI, MATIC, SHIB, TUSD, USDC, USDP, BUSD, HUSDPayment MethodsToo many to list, available on the API currency list request
Recurring Payments
Developer Friendly
Apple Pay SupportConsumer Cards support Apply Pay
Point of Sale Support
Unsupported Paid Feature Supported Unknown

Descriptions


FTX


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.


BitPay


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.