This FAQ covers everything beginners need to know about Strike and Bitcoin, including what Strike is, how it works, its features, fees, security, and how it compares to other platforms. By the end, you'll understand how to use Strike to buy, sell, and send Bitcoin, and how it fits into the broader cryptocurrency landscape.

What is Strike Bitcoin?

Strike is a financial app that allows users to buy, sell, and send Bitcoin, as well as make payments using the Bitcoin Lightning Network.

Strike, developed by Zap Solutions, Inc., is not a cryptocurrency exchange in the traditional sense; it focuses on Bitcoin and aims to provide fast, low-cost transactions. It integrates with the Lightning Network, which enables instant and nearly fee-free transfers. Users can also use Strike to send money internationally, with Bitcoin acting as a bridge currency.

How does Strike work?

Strike works by connecting your bank account or debit card to the app, allowing you to buy Bitcoin directly and use it for payments or transfers.

When you make a purchase, Strike converts your fiat currency (like USD) into Bitcoin. For sending money, Strike converts your fiat into Bitcoin, sends it over the Lightning Network, and the recipient receives the funds in their local currency. This process is seamless and aims to reduce the costs and time associated with traditional international transfers.

Is Strike safe and secure?

Yes, Strike employs multiple security measures, including bank-level encryption, two-factor authentication (2FA), and regulatory compliance.

Strike is registered with FinCEN in the US and complies with state money transmitter laws. It also uses BitGo, a leading custodian, to securely store users' Bitcoin. However, as with any financial app, users should enable 2FA and be aware of phishing risks.

How much does Strike charge in fees?

Strike charges no fees for buying or selling Bitcoin on its standard platform, but there is a spread of about 0.3% on the exchange rate.

Additional fees may apply for certain services, such as instant bank transfers or using credit/debit cards. Sending Bitcoin via the Lightning Network is nearly free, and international payments have minimal fees. It's always best to check the latest fee schedule on Strike's website, as fees are subject to change.

How do I buy Bitcoin on Strike?

To buy Bitcoin on Strike, you need to create an account, link a bank account or debit card, and then simply enter the amount you wish to spend.

The app will show you the current exchange rate, and you can confirm the purchase. Your Bitcoin will be added to your Strike wallet instantly. You can also set up recurring buys to dollar-cost average.

Can I send Bitcoin from Strike to another wallet?

Yes, you can send Bitcoin from Strike to any Bitcoin or Lightning wallet by entering the recipient's address or scanning a QR code.

On-chain transfers (regular Bitcoin network) incur a network fee, while Lightning transfers are nearly instant and cost a fraction of a cent. Strike also allows you to receive Bitcoin from external wallets.

Strike vs. Coinbase: What's the difference?

Strike is a Bitcoin-focused app that integrates the Lightning Network and offers fee-free trading, while Coinbase is a larger exchange offering many cryptocurrencies.

Coinbase has higher fees and a more complex platform, but it supports a wide range of assets. Strike is ideal for Bitcoin-only users who want simplicity and low-cost transactions, especially for payments and remittances. Coinbase might be better for those who want to trade altcoins.

Is Strike available in my country?

Strike is available in the United States, many European countries, and several others, but not all regions are supported.

As of 2026, Strike has expanded to over 65 countries, but availability can change. You can check the Strike website or app store listing to see if it's available in your region. Users in unsupported countries may not be able to create an account.

What are the pros and cons of using Strike?

Strike offers several advantages, including no trading fees, fast Lightning transactions, and a simple interface, but it also has limitations such as Bitcoin-only support and regional restrictions.

  • Pros: Fee-free trading, Lightning Network integration, easy international payments, user-friendly app, and strong security.
  • Cons: Only supports Bitcoin (no altcoins), limited to certain countries, not a full-featured exchange, and spread applies to trades.

For Bitcoin enthusiasts, Strike is a powerful tool, but those looking for a diverse crypto portfolio may need to use other exchanges.

Final Thoughts

Strike is an excellent entry point for beginners who want to buy and use Bitcoin without the complexity of traditional exchanges. Its integration with the Lightning Network makes it a standout for fast and cheap transactions, and its fee-free trading model is very attractive.

However, it's important to remember that Strike is Bitcoin-only and not available everywhere. As with any financial app, do your own research and start small to understand how it works.

Whether you're looking to invest in Bitcoin or use it for everyday payments, Strike provides a straightforward and secure platform to get started in 2026.