You can close your fixed-term loan or line of credit from your Loan Center or Line of Credit Center. Closures are available once the loan or line of credit has been open for more than 60 days. There is no closure fee.
How to close
- Tap your LTV Tracker on the Cash tab
- Scroll to the bottom and tap Close your loan or Close your line of credit
- Repay your outstanding principal and pay accrued interest using your cash balance or bitcoin collateral
Payments must come from fully settled funds. Payments still in transit do not count. Wire transfers typically settle within 1 business day, and deposits from a linked bank account may take 3 to 5 business days. Plan ahead to make sure your funds are available before your payment is due.
For the line of credit, the 60-day hold period restarts each time you add collateral to increase your credit line. You can repay your balance and stop accruing interest during this period, but you cannot formally close or retrieve collateral until the hold period elapses.
After closure
Your collateral is returned to your bitcoin balance within 3 business days. You can still access your Loan Center or Line of Credit Center to review history. Tap Archive to remove the LTV Tracker from your Cash tab.
A summary document becomes available at 
Account > Documents. Transaction history is in your 
Activity screen or downloadable as a CSV from the Strike Dashboard.
If your fixed-term loan is approaching maturity and you want to keep borrowing, you can refinance into a new loan instead of closing and reopening.
Not ready to close but want access to some of your bitcoin? You can retrieve collateral without closing your loan or line of credit.