What Is Strike and What Can You Do With It?
Strike is a Bitcoin financial platform that consolidates buying, selling, borrowing, banking, and payments into one app. According to its website, it serves individuals, high-touch private clients, and businesses across 100+ countries. If you want a single place to acquire Bitcoin, spend or send it, and potentially borrow against it without selling, Strike is built for that use case. It is not a general-purpose bank or a multi-asset exchange — its product set is Bitcoin-only.
Core products
Strike's site groups its offering into four areas:
| Product | What it does |
|---|---|
| Buy Bitcoin | Buy and sell BTC, including fee-free recurring purchases (DCA) with no minimums |
| Borrow | Borrow dollars while keeping your Bitcoin position |
| Banking on Bitcoin | Direct deposit your paycheck and pay bills |
| Payments | Send Bitcoin anywhere |
The site also lists withdrawing to cold storage as part of the individual experience, and states buys can go up to $2.5M per purchase with unlimited purchases.
Who it's for
Strike segments users into three tracks, each with different features:
- Individual — buy, sell, DCA, bill pay, direct deposit, and withdraw to cold storage.
- Private — concierge onboarding, higher limits, and dedicated support.
- Business — treasury management, payroll, invoicing, API access, and multi-user support.
If you're a solo user buying sats and paying bills, the Individual track covers it. If you're running payroll or managing a company treasury in Bitcoin, the Business track is the relevant one.
Trust and scale signals
Strike's site makes several verifiable claims worth weighing:
- 1M+ downloads and 40K+ five-star reviews across major platforms.
- 5 years in market, building Bitcoin infrastructure since 2021.
- 100+ countries served, and expanding.
- All Bitcoin backed 1:1 — fully reserved and segregated from corporate funds.
- SOC 2 Type II audited.
The 1:1 reserve and SOC 2 Type II audit are the two claims that matter most if you're deciding whether to hold a balance on the platform rather than self-custody.
What to check before signing up
- Availability — Strike says it operates in 100+ countries, but the specific features (borrow, bill pay, direct deposit) may vary by region. Confirm your country is supported before relying on a specific product.
- Fees — the site advertises "low fees" and "fee-free recurring purchases," but fee schedules can differ by transaction type and region. Check the current fee page for your use case.
- Custody vs. self-custody — Strike supports withdrawing to cold storage, which is the option to use if you don't want to leave Bitcoin on the platform.
- Borrow terms — borrowing against Bitcoin involves liquidation risk if the loan-to-value ratio moves against you. The site describes the feature but not the specific terms, so review them in-app before borrowing.
Bottom line
Strike is a reasonable fit if you want one Bitcoin-native app for buying, holding, sending, and spending, and you value the 1:1 reserve and audit claims. It's a weaker fit if you need multi-asset trading or traditional banking products. Start with the Individual track to test buying and payments, then move to Private or Business only if you need higher limits, concierge support, or treasury and payroll tooling.