What is Strike?
Strike is a global payment platform that enables users to send, receive, and spend money instantly using Bitcoin and other currencies. Built on the Bitcoin Lightning Network, Strike supports fast, low-cost transactions and allows users to pay or get paid in USD, EUR, or BTC. Aimed at both individuals and businesses, Strike's mobile and web app simplifies the transfer of traditional and digital currencies with minimal fees and near-instant settlement. Strike serves users in many countries and supports integration with popular bank accounts and payment systems. The platform also offers tools for businesses, making it suitable for remittances, payroll, e-commerce, and peer-to-peer payments.
How to use Strike?
- Download the Strike app from the App Store or Google Play.
- Sign up with your email and complete identity verification.
- Link your bank account or card to fund your Strike wallet.
- Select or enter a recipient’s details (Lightning invoice, phone, or @handle).
- Enter the amount and confirm the transaction.
- Send or receive funds in USD, EUR, or BTC instantly.
The pro's of using Strike
- Fast and low-cost transactions via the Bitcoin Lightning Network.
- Enables both traditional and cryptocurrency payments.
- No hidden fees for most domestic and international transfers.
- Simple user interface for both personal and business uses.
- Supports instant conversion between fiat and Bitcoin.
The con's of using Strike
- Availability and features vary by country; not supported worldwide.
- Requires identity verification (KYC), affecting privacy.
- Limited support for cryptocurrencies beyond Bitcoin.
- Some transfers may face bank-dependent delays.
- Users are exposed to Bitcoin network risks (e.g., volatility, technical issues).