Strike provides a streamlined platform for buying, selling, sending, and withdrawing Bitcoin. It aims to make global payments and Bitcoin transactions simple, fast, and reliable for users worldwide. With quick registration and the ability to start with minimal funds, Strike opens the door to Bitcoin for everyone.
Getting Started with Strike
Creating an account takes only seconds. You can begin with as little as one cent, making Bitcoin accessible even to those new to digital currencies. The platform’s intuitive design ensures a smooth onboarding process, guiding users through initial setup and first transactions.
Flexible Bitcoin Purchasing Options
You have the freedom to buy Bitcoin in a way that suits your strategy and lifestyle.
Automated Recurring Buys
Set up automatic purchases hourly, daily, weekly, or monthly. This feature, often called dollar-cost averaging, lets you build your Bitcoin holdings without worrying about short-term market fluctuations. Your Bitcoin is delivered directly to your self-custody wallet.
One-Time Purchases
Prefer to buy at a specific moment? You can make one-time purchases at the current market price with just a few taps. Note that some limits may apply based on your account level and region.
Volume-Based Fees
The more you trade, the lower your fees. Strike’s fee structure rewards active users, making it cost-effective for both casual and high-volume traders.
Security You Can Trust
Strike prioritizes the safety of your assets. All cash and Bitcoin holdings are backed 1:1 and held securely. This means for every dollar or Bitcoin in your account, there is a corresponding asset held in reserve, providing peace of mind and reducing counterparty risk.
Managing On-Chain Transactions
Strike puts you in control of your blockchain transaction fees.
Three Fee Options
When sending Bitcoin on-chain, you can choose from three fee tiers based on your need for speed and cost:
- Priority: For the fastest settlement.
- Standard: A balance between speed and cost.
- Economy: The most cost-effective option, with a longer settlement time.
This flexibility allows you to manage costs according to your specific situation.
Sending and Receiving Payments
Strike simplifies transactions, whether you’re using cash or Bitcoin.
Sending Funds
Pay anyone using your cash balance or Bitcoin holdings. You can send to any Bitcoin address or Lightning Network invoice. This means you can use your cash to send Bitcoin, and recipients can receive it as cash.
Receiving Funds
Easily receive payments both on-chain (to a Bitcoin address) and via Lightning Network requests. For incoming payments, you have the choice to receive the value in cash or in Bitcoin itself, giving you full control over how you hold your assets. 👉 Explore advanced payment strategies
Earning Bitcoin with Paycheck Conversions
A standout feature allows you to convert part or all of your paycheck into Bitcoin. You select the percentage you want converted, and you can adjust this setting at any time. This is a powerful tool for passively building your Bitcoin savings with your income.
High-Volume Purchases via Wire Transfer
For those looking to make larger Bitcoin acquisitions, Strike supports unlimited wire transfers. The platform charges no incoming wire fees, and funds are typically available within one business day. It's important to note that your originating bank may charge its own wire transfer fees.
Low-Cost Global Money Transfers
Leveraging the Bitcoin Lightning Network, Strike enables fast and inexpensive international remittances. You can send money directly to mobile money accounts or bank accounts in supported countries like Mexico, the Philippines, and Kenya, often at a fraction of the cost of traditional services.
Spending Bitcoin in Everyday Life
Your Bitcoin isn’t just for holding; you can use it for daily expenses. The platform allows you to:
- Buy gift cards for your favorite retailers.
- Pay for streaming services and subscriptions.
- Top up your mobile phone credit.
This functionality helps bridge the gap between digital currency and the traditional economy.
Peer-to-Peer Payments
Splitting a bill or sending a gift is easy with Strike. You can seamlessly send money to other Strike users around the world, whether you’re using cash or Bitcoin.
Bitcoin-Backed Lending
For clients in select U.S. states, Strike offers personal loans collateralized by Bitcoin. To qualify, you must have an active Strike account in good standing.
Loan Details:
- Loan Amount: Ranges from $100,000 to $2,000,000.
- Term: 12 months.
- Initial Loan-to-Value (LTV): Up to 50%.
- Fees: No origination, prepayment, or late fees (liquidation fees may apply).
- APR: 12% for monthly repayment plans; 12.284% if the full amount is repaid at maturity.
All loan offers are subject to application and approval. Loans are issued by Zap Solutions Capital, Inc. and are governed by a loan agreement.
Please note: The features marked with an asterisk (*), including paycheck conversion, wire transfers, global remittances, and Bitcoin-backed loans, are available only in specific regions and to eligible customers. The availability of the Strike app itself and its services may also be restricted in certain jurisdictions.
Frequently Asked Questions
What is the minimum amount needed to start using Strike?
You can begin using Strike with as little as one cent. This low barrier to entry makes it easy for anyone to start transacting in Bitcoin.
How does Strike ensure the security of my funds?
Strike maintains a 1:1 reserve for all customer holdings. This means your cash and Bitcoin are fully backed at all times, providing a high level of security and trust.
Can I automatically invest in Bitcoin over time?
Yes, Strike allows you to set up automatic recurring purchases. You can schedule buys to occur hourly, daily, weekly, or monthly, enabling a disciplined investment strategy.
What are the options for sending Bitcoin on-chain?
When initiating an on-chain transaction, you can choose between three fee tiers: Priority for speed, Standard for a balance, and Economy for the lowest cost. This lets you decide between settlement speed and transaction fees.
How do global money transfers work on Strike?
Strike uses the Bitcoin Lightning Network to facilitate fast and low-cost international transfers. You can send funds directly to bank accounts or mobile money wallets in supported countries.
Who is eligible for a Bitcoin-backed loan?
This service is currently available only to qualified customers in certain U.S. states. Eligibility requires an active and reputable Strike account, and all loans are subject to application and approval. 👉 Learn more about managing crypto assets
All investments involve risk, including the possible loss of principal. It is important to understand the risks involved with Bitcoin and cryptocurrency transactions and to consult our Terms of Service for detailed information.