Strike: bitcoin trading, regional cash access and account controls

Strike offers one-time bitcoin buying and selling, target orders and recurring purchases. The European purchase guide permits up to €2.5 million per trade and directs larger requirements to Strike Private; it does not impose the same ceiling on every regional account. Selling produces the relevant account cash balance, after which withdrawal is a separate instruction. The service is built around bitcoin rather than a broad altcoin order book.[37]

The US target-order guide permits a chosen expiry or an instruction that remains until cancellation. Funding is reserved, cancellation releases the reservation, and execution is for the whole order rather than a partial fill. A brief touch of the target price may not fill it. Failed bank funding can cancel the instruction before execution. Check order status after a market move instead of assuming that a chart crossing proves completion.[11]

US recurring plans can use cash, a line of credit, a bank account or a supported debit card. Linked payment methods cannot fund hourly purchases; daily bank plans use weekly funding pulls. Multiple plans can coexist. Pausing, resuming or permitted amount changes preserve fee status, but changing frequency requires a replacement plan. Amount edits are limited to half through twice the current amount once per thirty days.[12]

Failure instructions conflict: the US help page says three accumulated insufficient-funds failures cancel a plan, while the 9 March 2026 product update says three consecutive failures pause it, with resumption preserving fee-free status. After a funding problem, inspect the plan’s actual status before restarting it or assuming the schedule is still running.[12][13]

Borrowing has separate eligibility, collateral and agreement requirements. The international workflow describes up to five active term loans, at most one new loan daily, and an APR fixed when each opens. The borrower chooses interest timing, repayment source and collateral before signing. E4 provides the documented international credit in USDT; a bitcoin price fall can trigger collateral calls or liquidation. These are borrowing arrangements, not staking rewards on an ordinary trading balance.[40]

US volume accounting uses the current and previous month, carrying the earned level forward and resetting after a calendar month without trades. An order that crosses a threshold receives the lower rate across that order. Thus a qualifying $5,000 purchase at 0.79% incurs $39.50 commission, excluding spread and funding charges. The US page targets a variable 0.22% spread separately.[7]

The US tariff removes recurring-purchase commission after the first week, with weekly and monthly plans qualifying from their second purchase. Qualifying payroll conversion is also commission-free up to $20,000 monthly. Those allowances do not remove every spread or payment-method charge.[7]

These are separate local-unit schedules, not thresholds converted at an exchange rate: the European table is in euros, the UK table in pounds and the international table in USDT. The same numerical turnover can therefore put a US account and another regional account in different commission bands.[8][9][10]

The European tariff removes trading fees from recurring purchases after the first week, or from the second weekly or monthly purchase. Its quoted spread remains a separate cost. Check the particular account’s fee display when changing a schedule; a statement that recurring trading is free describes the commission component rather than an assurance of conversion at an external market midpoint.[8]

The US guide gives ACH deposit limits ranging from $3,000 to $100,000 per seven days, depending on the account. Linked banking uses the account’s supported connection process; a payment method linked on mobile can then be used on the website. Available buying power and settled withdrawal capacity should be checked separately when funding a purchase intended for immediate self-custody.[14]

US standard ACH withdrawals go to a linked bank account in the Strike customer’s name. Instant transfers require a supported linked bank. For a $1,000 eligible instant withdrawal the stated rate gives a $17.80 charge; this example is below the $150 cap and does not include a receiving bank’s own charges.[15]

European cash funding uses euros from a same-name European bank account. Strike publishes no deposit charge or amount cap, with SEPA Instant normally arriving in seconds and ordinary SEPA taking up to two business days. Copy the account-specific bank instructions; another customer’s IBAN or a different settlement currency is not an interchangeable funding route.[16]

European withdrawals are free under the published guide, with a €25,000 limit per three days to the customer’s same-name bank account. The selected SEPA rail affects arrival time. This rolling withdrawal restriction is separate from the European purchase guide’s much larger per-trade ceiling.[17]

UK cash deposits use pounds from a same-name UK bank account, with no published Strike deposit fee or amount cap and arrival normally in seconds. The currency restriction matters: the existence of a European Strike account does not make EUR funding appropriate for the UK account’s GBP details.[18]

The UK withdrawal guide sets a £25,000 limit per three days, no Strike fee, and a same-name UK account identified by sort code and account number. Arrival is normally described in seconds, subject to the banking route.[19]

Eligible international accounts accept USD through ACH or Fedwire from a same-name account, with a $5 minimum, and USDT on Tron, with a 20 USDT minimum. Smaller USDT deposits, another asset or another network can make funds irrecoverable. USD/USDT funding is excluded in Bhutan, Kenya, Mozambique, New Caledonia, Nicaragua, Nigeria, the Philippines, Sri Lanka, Trinidad and Tobago, and Zimbabwe, even where the wider Strike service operates.[20]

The international withdrawal schedule charges $0.99 for USD amounts up to $199 and 0.5% from $200. ACH reaches $100,000, instant RTP $200,000 with a $150 fee cap, and wires run from $50,000 to $5 million. Tron USDT withdrawals carry a fixed $15 charge and a 25,000 USDT limit per three days. The page repeats a deposit minimum within withdrawal text, so it is not treated here as a verified USDT withdrawal minimum.[21]

Bitcoin sends use on-chain addresses or supported Lightning formats. The international guide offers Priority, Standard and Flexible on-chain timing indications of about ten minutes, one hour and twenty-four hours; Flexible has no send fee. Sending from bitcoin balance involves network charges, while sending bitcoin funded by cash conversion includes a stated 1% spread. That payment conversion is a different cost case from an ordinary quoted trading commission.[22]

The US automatic-withdrawal guide permits thresholds from 0.01 to 5 BTC, optionally retaining a balance and rotating through a supplied address list before reusing its last address. It gives a twelve-hour cancellation window and says broadcasting occurs within twenty-four hours after the threshold is reached, without withdrawal fees. Bitcoin allocated to Stacks is excluded from the automatic calculation.[23]

For US accounts, Strike identifies Cross River Bank for personal USD and Lead Bank for business USD. It describes bitcoin custody as fully reserved, using multisignature cold storage. Credit collateral can be held by Strike Lending or capital providers under separate segregation arrangements. The cited quarterly agreed-upon-procedures review concerns US credit collateral; it should not be described as an audit of all ordinary customer bitcoin or every regional entity.[24]

The EEA and UK custody policy describes omnibus holdings with each customer’s entitlement recorded internally, while Strike controls the private keys. It says customer bitcoin remains beneficially owned by the customer, separate from company holdings and not rehypothecated. Fiat safeguarding uses a European bank and payment providers. This is hosted custody: moving coins to a personal wallet requires a transfer instruction, even though the policy recognises the customer’s beneficial ownership.[39]

US individuals can opt into a variable 3.6% interest rate on cash, paid monthly in bitcoin. The guide calls it an interest rate rather than an APY. Cross River Bank holds the eligible dollars; pass-through FDIC coverage aggregates the customer’s same-ownership deposits up to the applicable $250,000 limit. Bitcoin interest is held by Strike and is not an insured bank deposit.[25]

The European security guide supports passkeys, security keys, authenticator codes and recovery codes. Disabling two-factor protection, removing the only passkey or relaxing protected account-update settings can impose a five-day delay that cannot be accelerated. Mobile sessions log out after thirty days of inactivity, which is a session rule rather than an account-closure deadline. Keep recovery material accessible before replacing a device.[26]

European balance safeguards include an optional rolling seven-day send cap; cash withdrawals are excluded from that particular cap. Lowering it is immediate, while increasing or removing it takes five days. Setting it to zero blocks sends. Separate authentication settings can protect cash and bitcoin transfers, so customers should inspect both controls rather than assume one cap covers every way assets can leave.[27]

The inspected availability page names 98 countries and covers all fifty US states, the District of Columbia and Puerto Rico. Its specific country list is more useful for eligibility than the broader “100+ countries” marketing wording. A supported residence still does not confer every banking, interest or credit feature. Use the product’s own country and account-type conditions before choosing a funding route.[28]

The US individual agreement requires adulthood, identity checks and an account used under its personal-account conditions. It names Zap Solutions, Inc., doing business as Strike or Strike.me, and Zap Solutions Capital, Inc. Separate credit or bank-partner agreements can govern additional services; the brand alone does not identify every product counterparty.[2]

The international agreement identifies E4 S.A. de C.V., Salvadoran tax number 0614-151021-108-6, for its eligible territory outside the US, EEA and UK. It covers bitcoin and USDT-related services and requires adult, verified customers. This entity and its agreement should not be substituted for the Malta or US contract merely because the same app branding appears.[4]

The international closure guide requires cash and bitcoin to be withdrawn, balances resolved and loans closed. Request closure under Account and Personal Information, then log out. The account closes within twenty-four hours, but logging back in during that window cancels the request. A registered-email request is an alternative. Legally required records are retained; the inspected guide did not establish a separate routine inactivity fee.[29]

For an account issue, open Help in the app and choose the affected topic to create a support case. Email assistance should use the registered address. Send identity documents through the secure upload route when support requests them, rather than assuming every message attachment is an approved recovery channel. The inspected help page did not publish a universal response-time guarantee or an emergency telephone trading desk.[35]

Strike’s status page separates banking, bitcoin and Lightning transfers, prices, lending, verification, app, website and API components. It displayed an operational snapshot when checked on 20 October 2026. Consult the affected component during an interruption and retain order or transfer identifiers; a working login does not prove that the bank-payment component is also available. A point-in-time status observation is not a historical uptime measure.[36]

New York DFS independently lists Zap Solutions Inc. for virtual-currency and money-transmitter licensing, with a February 2026 entry. The inspected list identifies the categories but supplies no licence number for this row. This is a New York finding for the named US company, rather than a blanket permission for every Strike entity or product.[6]

CNAD’s E4 entry records PSAD-0017, dated 19 January 2024, and links Strike. Its affirmative activity icons cover placement of digital assets into platforms or wallets and transfers. Exchange, trading-platform operation, custody, lending and several other activities are marked with crosses. The entry therefore supports the specified activities; its registration label should not be expanded into independent approval of every service advertised under Strike.[5]

Strike’s 30 June 2026 announcement says its European headquarters moved from the earlier Polish VASP arrangement to Malta and that Zap (Strike) Europe Limited holds MiCA permission for exchange, execution, transfers and custody. The individual MFSA register entry was not retrieved during this research, so this remains an attributed company claim.[38]

The current EEA/UK agreement identifies Zap (Strike) Europe Limited, Malta company C114533. It uses EUR for the European service and GBP for the UK service and states that Strike is not FCA-authorised, with no UK FSCS or Financial Ombudsman Service protection. The agreement’s regional safeguards should be read in that stated scope.[3]

Where offered to eligible European or UK customers, credit comes from Zap Solutions Cayman Limited under a separate agreement, not from the Malta exchange operator. Strike’s disclosure calls those products unregulated credit in the EEA and UK and warns of collateral calls and liquidation.[19]

Strike says the business began in 2019 and publicly launched in January 2020, with Jack Mallers as founder and chief executive. The inspected company page reported approximately 1.57 million app downloads. Downloads are a distribution measure, not a verified count of funded accounts, current traders or exchange turnover; no comparable current daily trading-volume figure was established in these sources.[1]

Operator

Zap Solutions, Inc.; Zap Solutions Capital, Inc.; Zap (Strike) Europe Limited; E4 S.A. de C.V.

Exchange model

Centralised

Service scope

Bitcoin dealing, transfers and custody; cash and credit products depend on region and separate agreements.

Client types

Retail clients

Pricing publication

Public pricing

Funding scope

Regional USD, EUR, GBP or USDT routes; bitcoin uses on-chain and Lightning transfers.

Custody and asset handling

Hosted bitcoin with regional custody terms; US cash uses bank partners and credit collateral has separate arrangements.

Client eligibility

Identity-verified eligible residents; official availability list names 98 countries. Product access is narrower than brand availability.

Support

In-app help cases and registered-address email support; component status page available.

Authorisation and registration scope

NYDFS lists Zap Solutions. CNAD PSAD-0017 shows E4 placement and transfers; Malta permission remains an attributed company claim.

Exchange metadata checked 20 Oct 2026Source 1Source 2Source 3Source 4Source 5Source 6Source 7Source 14Source 16Source 18Source 19Source 20Source 22Source 24Source 28Source 35Source 36Source 37Source 38Source 39

The US activity guide provides searchable web and mobile history, transaction receipts and exports, with monthly and annual statements in Account Documents. Keep those statements with records from wallets outside Strike when reconciling movements. A transfer to another wallet and a sale for cash are different events even if both reduce the displayed bitcoin balance.[30]

The US tax guide says Form 1099-DA for reportable bitcoin disposals becomes available around mid-February of the following year, with email delivery after an account has closed. Its form-issuance conditions concern years with sales or other disposals; simply keeping a bitcoin balance is not the stated trigger.[31]

Referral rewards for eligible US and EU customers are allowances for fee-free trading on 500 units of the relevant local currency, rather than 500 units of withdrawable cash. The new user must verify; the referrer earns the allowance after the referred customer’s first trade. The programme excludes a referral where either party is in the UK. Check the account’s reward display rather than adding a promotional allowance to the withdrawable balance.[32]

Strike documents an API for individual and business accounts that can retrieve balances, obtain quotes, execute purchases or sales, make payments and initiate bank payouts according to granted permissions. It expressly contemplates software or an AI agent acting on the customer’s behalf. A sandbox is available separately. Connecting an agent to a live key can therefore authorise real transactions; it is not merely giving a chatbot read-only market information.[33]

API keys are created with chosen scopes in the dashboard, with the token shown once. They do not automatically expire and can be revoked in the dashboard. Grant only the endpoints the application needs and revoke a compromised or retired key. The inspected documentation did not say that disconnecting software automatically cancels every existing order or closes credit; those account obligations need their own checks.[34]