Strike: the Lightning app to buy, send, and receive Bitcoin instantly
Strike (created by Zap Solutions, Inc., led by Jack Mallers) is a mobile and web app that lets users buy, send, receive, and convert Bitcoin and fiat via the Lightning Network. Its goal: make global payments as fast and easy as sending an email.
Key takeaways
Lightning & Instant Payments
Lightning transactions are instant, low-cost, irreversible, and privacy-friendly. Strike converts fiat to Lightning sats, which are then received in the user’s local currency—USD, MXN, PHP, etc.BTC Purchases & DCA
- Buy BTC manually or through recurring DCA plans (hourly, daily, weekly, monthly)
- Tiered fees depending on volume
Global Transfers
Send funds globally in seconds with no fees. Strike supports remittances to over 10 countries via bank transfers or mobile money.3. Security & Regulation
- 1:1 asset backing: All BTC and fiat balances are fully reserved
- Licensed in the U.S. with KYC/AML compliance; works with regulated custodians
- Bank-grade encryption and infrastructure security
- Partially open-source and externally audited
4. Fees & Limits
- BTC spread: approx. 0.5–1%
- Lightning routing fee: ~0.15%
- On-chain BTC fee: adjustable (Priority, Standard, Flexible)
- KYC limits: Unverified ~ $1,000/week; verified up to ~$10,000/week
5. Use Cases
- P2P payments: Send sats or local fiat to friends/family
- DCA savings: Automate BTC accumulation
- Spend BTC via gift cards: Through integrations like Bitrefill
- BTC-backed loans (US only): Up to 50% LTV, APRs from ~9.5–12.3%
6. Community Feedback
Strike is widely praised for its intuitive UI and instant speed: “Perfect blend of simplicity and power – smart, ergonomic UI” “Receiving is easy & fast with Lightning… Selling is fast… simple.” Some users mention the Lightning learning curve and region-specific limitations.7. Strengths & Challenges
Strengths
- Lightning-native: Instant, borderless transactions under 1¢
- Global reach: Available in 95+ countries
- Simple UX: Built-in DCA, $5 referral bonuses
- BTC loan product: Competitive in the U.S.
Challenges
- High BTC spreads for small purchases
- Not a true Lightning wallet: Custodial, users can’t manage channels
- Service availability varies by region
- Lightning education required for some users
8. Scenarios
- Bearish: Regulatory crackdowns and fintech competition (Cash App, Binance) reduce growth
- Stable: Ongoing expansion, steady user base, maintained dominance in BTC payments
Platform to buy Bitcoin
Conclusion
Strike is driving the Bitcoin payment revolution, offering fast, cheap, borderless Lightning transfers. It’s ideal for BTC DCA investors, global remittances, or mobile-native payments. Keep an eye on fees, availability, and competition from other fintech players.
Disclaimer :
Trading is risky and you may lose all or part of your capital. The information provided does not constitute financial advice and/or an investment recommendation
Comparison of the Best Crypto Exchange Platforms
| Platform | Description | Advantages | Disadvantages |
|---|---|---|---|
|
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European user-friendly platform, ideal for beginners and those seeking portfolio diversification. |
Simple interface, competitive fees, European regulation, supports multiple assets. |
Not suitable for professional or high-frequency traders. |
|
|
Global leader in crypto trading, offering extensive features and asset variety. |
Advanced tools, low fees, high liquidity, wide range of cryptocurrencies. |
Can be overwhelming for beginners, regulatory scrutiny in some regions. |
|
|
Social trading-focused platform with strong derivatives offerings. |
Copy trading features, good for beginners, supports futures and spot trading. |
Limited fiat options, less recognized than top-tier exchanges. |
|
Bitpanda
Buy on Bitpanda
|
Austrian platform offering crypto and traditional assets in one place. |
Supports crypto, stocks, ETFs, precious metals, easy to use. |
Higher fees, limited advanced trading features. |
