Is BitPay legit?

Could you tell me if BitPay is a legitimate and trustworthy platform for handling cryptocurrency transactions? I've heard of it being used by businesses to accept payments in Bitcoin and other digital currencies, but I'm not sure if it's safe to use or if there are any potential risks involved. Is BitPay regulated and do they have a good reputation in the cryptocurrency industry? Also, how does their fee structure compare to other similar services? I'd appreciate any insights or advice you can offer on this matter.