You can close your fixed-term loan or line of credit from your Loan Center or Line of Credit Center. There is no closure fee.

Closures are available once the loan or line of credit has been open for more than 60 days. You can repay your balance to stop accruing interest during the 60-day hold period, but you cannot formally close or retrieve collateral until it elapses. For a line of credit, the hold period restarts each time you add collateral to increase your credit line.

How to close

1. Tap your LTV Tracker on the Cash tab
2. Scroll to the bottom and tap Close your loan or Close your line of credit
3. Repay your outstanding principal and pay accrued interest using your available cash balance or bitcoin collateral

For fixed-term loans, you can also pay off your loan directly with a bank deposit (ACH) or wire transfer. Interest stops accruing as soon as you initiate the deposit, the funds are reserved for your payoff, and the loan stays pending closure until the deposit clears. While it is pending:

• The loan is still subject to margin calls and liquidation, which you can resolve by making a partial repayment or adding bitcoin collateral.
• If the loan reaches maturity, it stays pending and starts the 10-day overdue grace period.
• If the deposit does not go through, the closure is cancelled and your loan stays open, with interest resuming from that point forward.

If you pay by bank deposit:

• The deposit can take up to 10 business days to become available.

If you pay by wire transfer:

• Include the unique memo shown with your wire instructions and send the exact payoff amount.
• A wire for more than the payoff still closes the loan, with the excess credited to your cash balance.
• A wire for less does not close the loan. The full amount is credited to your cash balance, your loan stays open with interest resuming from that point forward, and you can make a partial repayment from that balance and then wire the remaining payoff amount to close.
• The wire must be credited within 4 calendar days, or the closure does not go through.

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.