You can earn sats for doing nothing.
Deposit cash onto Strike, opt-in to interest on cash, and you start earning 3.6% interest on that cash, paid in bitcoin.
That's it.
Strike
Bitcoin and Lightning on-ramp with fee-free recurring purchases and support across 100+ countries
4.1/ 5
Our score
Very good
Typical fee
Fee-free recurring purchases, free on-chain withdrawals
Payment methods
CardBank transferSEPAACH
Countries
100
Minimum purchase
$1
Sell to fiat (off-ramp)
Yes
What is Strike?
Strike is a specialized Bitcoin financial application that provides fiat on-ramps, Lightning Network payments, custodial storage, and borrowing against collateral. Built exclusively around Bitcoin, the platform allows individuals and businesses to purchase BTC, schedule recurring buys, and settle global payments without relying on traditional international bank rails.
Company background and funding
Strike operates under parent company Zap and was founded in 2019 by Chief Executive Officer Jack Mallers, who previously launched the Zap Lightning wallet. Headquartered in Chicago, the company raised an $80 million Series B funding round in September 2022 led by Ten31, with backing from the University of Wyoming and Washington University in St. Louis. Strike has expanded its footprint through dedicated regional launches, including services in Africa, the United Kingdom, Europe, and Latin America.
Platform mechanics and key products
The platform connects users to both the Bitcoin base layer and the Lightning Network. Customers can fund balances via bank transfers or cards, converting fiat currencies like USD, EUR, and AUD into Bitcoin. While Strike holds customer assets in segregated cold storage backed 1:1, users retain the ability to withdraw funds directly into external self-custody wallets. Beyond consumer purchases up to €2.5 million per buy, Strike offers developer APIs, high-net-worth execution via Strike Private, and borrowing features such as Bitcoin-backed lines of credit.
Fees and purchase costs
Strike offers fee-free recurring purchases (dollar-cost averaging) and allows users to make free on-chain withdrawals. While transactions over the Lightning Network and standard automated purchases carry no explicit platform commission, single spot purchases include a spread within the quoted exchange price. Card transactions and payment methods remain subject to customary banking processor fees.
Availability and compliance
Available across more than 100 countries, Strike requires identity verification (KYC) to access trading and fiat withdrawal rails. The service operates across major European markets, the UK, Latin America, Australia, and New York, where operations launched in March 2026. Strike's custodial infrastructure has completed SOC 2 Type II audit certification.
Trade-offs and platform risks
Because Strike is strictly Bitcoin-focused, users looking for multi-asset crypto portfolios or stablecoins cannot access other tokens. Holding assets directly on Strike exposes users to custodial counterparty risk and account restrictions typical of centralized money transmitters. Fiat deposits and payouts also rely on partner banking rails, making transactions vulnerable to standard bank settlement delays and regional account review holds.
Founders
Jack MallersCEO & Founder
Best for:Bitcoin dollar-cost averagingLightning Network payment railsLarge-volume Bitcoin buyersUsers prioritizing free cold-storage withdrawals
Pros and cons
Pros
- Fee-free recurring Bitcoin purchases with no platform commission
- Zero-fee onchain withdrawals directly to self-custody cold wallets
- Instant settlement across the Lightning Network
- Supports large purchases up to €2.5 million per order
- SOC 2 Type II audited custodial infrastructure
Cons
- Only supports Bitcoin, with zero alternative cryptocurrencies or stablecoins
- Full identity verification (KYC) is required to access fiat transfers
- Spreads are incorporated into single spot purchases
- Custodial account setup introduces platform counterparty risk
Our review
4.1/5
Very good
Strike provides zero-fee recurring purchases and free onchain withdrawals across more than 100 countries, but it supports only Bitcoin and operates under a custodial model.
Founded in 2019 by Jack Mallers and operating under parent company Zap, Strike is a Bitcoin-first financial app and on-ramp service. It lets users convert fiat into Bitcoin using bank transfers, direct deposits, wires, and debit cards. The platform is backed by an $80 million Series B round led by Ten31 and operates across more than 100 countries, including European nations, the UK, Australia, and parts of Africa, with a presence in New York launched in March 2026.
Strike differs from many retail exchanges in its pricing model for Bitcoin accumulation. Strike charges no fees on recurring dollar-cost averaging (DCA) purchases and provides free standard onchain withdrawals to self-custody cold storage. The platform connects directly to the Bitcoin mainnet and the Lightning Network. Users can send remittances and make retail payments without platform transaction fees. In Europe, single buy orders can scale up to €2.5M per buy with unlimited total purchase capacity, alongside features like Bitcoin-backed loans and developer APIs.
However, the platform has clear trade-offs:
- Strike is Bitcoin-only, offering zero exposure to alternative cryptocurrencies or stablecoins.
- It is a custodial service where Strike manages user balances prior to withdrawal, requiring standard KYC verification.
- Payment methods and fiat rails vary by territory, making availability dependent on local banking partners.
Strike suits Bitcoin accumulators seeking low execution costs and straightforward withdrawals to cold storage. Anyone looking to purchase altcoins, run multichain DeFi workflows, or preserve complete anonymity will need a conventional exchange or decentralized on-ramp.
Specs
| Service | On-ramp, Off-ramp, Widget / API · unverified |
|---|---|
| Payment methods | Card, Bank transfer, SEPA, ACH · unverified |
| Typical fee | Fee-free recurring purchases, free on-chain withdrawals · unverified |
| Countries | 100 · unverified |
| Assets | 1 · unverified |
| Minimum purchase | $1 · unverified |
| Developer widget / API | Yes · unverified |
| Sell to fiat (off-ramp) | Yes · unverified |
| Max purchase | $2,500,000 · unverified |
| Delivery time | Instant · unverified |
Not disclosed by the provider: KYC required, Apple Pay.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Fee-free recurring purchases
Automates scheduled dollar-cost averaging into Bitcoin with zero platform fees and purchase amounts starting from €1.
Lightning Network settlement
Executes cross-border remittances and microtransactions instantly with zero network routing fees charged by Strike.
Free onchain withdrawals
Allows users to transfer purchased Bitcoin out of custodial storage directly to self-custody wallets without withdrawal fees.
Institutional execution limits
Supports single Bitcoin purchases of up to €2.5 million with dedicated relationship support through Strike Private.
Bitcoin-backed borrowing
Lets customers access fiat credit lines and loans in Euros or Australian Dollars against deposited Bitcoin collateral.
Developer payments API
Enables programmatic payouts, cash receipts, and fiat-to-Bitcoin settlements across the Lightning Network via OAuth endpoints.
Inside Strike
Buy Bitcoin
Enables instant and fee-free recurring purchases of Bitcoin starting at €1, with individual transaction limits up to €2.5M.
Hold Bitcoin
Provides segregated custodial storage backed 1:1 on Strike, with the option to withdraw to personal cold storage wallets for free.
Borrow
Allows users to take out fiat loans or lines of credit against their Bitcoin collateral without having to sell their holdings.
Payments
Facilitates global money transfers and remittances over the Bitcoin blockchain and Lightning Network.
Strike Bill Pay
Lets customers pay standard bills directly from their Strike account balance while earning yield paid in Bitcoin on idle cash.
Strike Private
Offers dedicated relationship managers, OTC execution, and institutional custody for high-net-worth individuals and family offices.
Strike screenshots
What users say about Strike
Strike offers fee-free recurring purchases after the first week and low-cost on-chain withdrawals. App reviews highlight its clear interface, but some customers report sudden account closures and repeated bank connection failures.
Top goods
In their own words
“Great app! Simple, Reliable, and Easy to Use. Strike makes buying Bitcoin incredibly simple without unnecessary clutter. Recurring buys are easy to set, so dollar-cost averaging is painless.”
“Strike is the one app for all my BTC needs! I do my $5 daily BTC DCA purchases…with ZERO FEES! Come on, you can't beat that! Also, their on-chain transaction fees are like waaaayyy cheaper than Cash App and all other apps due to some batching technology they have.”
“Early Direct Deposit 🔥 I have went over 1 year now without a traditional bank using only strike I’ve had pretty much no hiccups and love the service being able to get Direct deposit automatically and get my BTC buys and send it to cold storage on auto pilot is effortless This new feature turns it…”
“L1 transfer fees are absurd You should be ashamed for charging $100 to avoid a 24h confirmation, when it’s only costing you pennies. Been a customer for over a year with direct deposit and loans usage, first time transferring out and seeing this.”
“Closed account with bitcoin on it My account was closed while my bitcoin still sitting in there I have contacted support nothing yet from them smh”
“I hate this app I have to reconnect my bank account every single time I want to buy or sell bitcoin. I’m done jumping through hoops on this app.”
Based on 100 Reddit posts and comments, 48 App Store reviews from the last 12 months, checked Oct 21, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used Strike? Share your experience below.
Funding and investors
$80MTotal raised
1Round
3Investors
FAQ
Who founded Strike?
Strike was founded in 2019 by CEO Jack Mallers, who previously launched Lightning Network infrastructure company Zap.
What fees does Strike charge for buying Bitcoin?
Strike charges no platform fees on recurring Bitcoin purchases and offers free standard onchain withdrawals to external wallets. Spot trades carry transparent spreads that are displayed prior to execution.
Which assets and blockchains does Strike support?
Strike exclusively supports Bitcoin. It executes transactions on both the Bitcoin base chain and the layer-2 Lightning Network.
How does Strike safeguard deposited funds?
Strike holds all customer Bitcoin backed 1:1 in segregated cold storage. The platform is SOC 2 Type II audited to ensure internal controls and custodial security standards.
Does Strike require identity verification?
Yes, Strike requires KYC verification. Users must complete identity checks to link payment methods, fund fiat balances, and buy Bitcoin.
Does Strike offer a developer API?
Yes, the Strike API allows developers and businesses to integrate programmatic Bitcoin and Lightning payments, execute exchanges, and direct bank payouts.
Latest from Strike on X
18 years ago today, someone by the name of Satoshi Nakamoto shared a paper with a cryptography mailing list.
That paper went on to change the world as we know it.
Thank you, Satoshi. 🎃
https://t.co/I4QYMgIUtI
That paper went on to change the world as we know it.
Thank you, Satoshi. 🎃
https://t.co/I4QYMgIUtI
As a reminder, Strike gives you tools to protect your account:
- Passkey and security key login 2FA
- 2FA for protected actions like withdrawals
- Custom bitcoin withdrawal limits
- Five-day delays to weaken security protections
- Anti-phishing codes
- Remote device management
- Free bitcoin withdrawals to self-custody
- PIN / FaceID to unlock a signed-in app
Security is foundational to Strike and it should be foundational to you as well. Please take a moment to review your security setup with Strike and make sure your account is as protected as it can be!
- Passkey and security key login 2FA
- 2FA for protected actions like withdrawals
- Custom bitcoin withdrawal limits
- Five-day delays to weaken security protections
- Anti-phishing codes
- Remote device management
- Free bitcoin withdrawals to self-custody
- PIN / FaceID to unlock a signed-in app
Security is foundational to Strike and it should be foundational to you as well. Please take a moment to review your security setup with Strike and make sure your account is as protected as it can be!
Your bitcoin is safe at Strike.
We are actively monitoring the situation and we’re here for Bitcoiners that need us.
We are actively monitoring the situation and we’re here for Bitcoiners that need us.
Trick or... https://t.co/Eprsl6Bnqh
Recent public posts from @Strike, shown as published. Not reviewed or endorsed by CryptoReview.
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