Bitcoin-backed borrowing lets you access cash without selling your bitcoin. You pledge bitcoin as collateral and receive cash in return. Strike offers two lending products, both for individuals and businesses: fixed-term loans and a revolving line of credit. Both help you:

• Keep your upside: Access liquidity without selling your bitcoin. After repayment, you get your bitcoin back.
• Avoid taxable events: Borrowing against bitcoin is generally not taxable.
• Skip credit checks: Approval is based on your collateral, not your credit score.
• Get transparent pricing: Pay 0% origination fees, 0% prepayment fees, 0% liquidation fees. One Annual Percentage Rate (APR) covers your cost to borrow. See all fees and terms.
• Borrow with peace of mind: Your collateral stays with Strike or one of our capital providers, with no further rehypothecation. Your collateral is never lent out or transferred to any other third parties.

Bitcoin-backed loans

A bitcoin-backed loan provides a lump-sum cash advance that you repay over a 12-month term. Ideal for large, planned expenses where you know how much you need upfront.

At the end of the term, you can repay the borrowed amount or refinance your loan. You can choose between paying interest monthly or at maturity.

The minimum loan amounts vary by location, and start at $10,000 in most US states. There's no maximum. For loans above $5,000,000, contact private@strike.me.

The Annual Percentage Rate (APR) is fixed for the duration of the loan. The rates are tiered, and higher loan amounts may qualify for lower rates. Rates for new loans may change over time.

You can open up to five loans. You can consolidate any of them into a single loan, which may qualify for a lower Annual Percentage Rate (APR).

Bitcoin-backed line of credit

A line of credit gives you flexible, on-demand access to cash. You can open one revolving credit line, increase it by adding more collateral, and draw from it repeatedly. Ideal for smaller, everyday expenses.

You can draw as little as $1 at a time. Interest accrues only on the amount drawn, not on your available credit.

You pay interest monthly, and repay the principal whenever you decide. There's no maturity date.

The Annual Percentage Rate (APR) is flat and may change quarterly.

The minimum credit line varies by state ($3,500 in Georgia, $6,500 in Massachusetts), and the maximum is $250,000.

Comparing loans and the line of credit

¹ Minimum loan and credit line amounts vary by US state.

What you can do with the borrowed cash

Fixed-term loans deposit cash to your Strike account, typically within one business day. The line of credit works on demand: when you send and withdraw cash, pay a bill, or buy bitcoin, the exact amount is drawn at the moment needed to complete the transaction. Either way, you can use the funds for any purpose, including:

• Funding your lifestyle: Buying a house or car, supporting friends and family, or paying off debts
• Funding a business: Starting a business, growing your business, or pursuing other opportunities
• Making payments on Strike: Send cash to other Strike users. Fixed-term loans also support Send Globally.
• Buying bitcoin: Purchases on Strike count toward your monthly trading volume, and you can withdraw externally or keep it on Strike.

Learn where bitcoin-backed loans and the line of credit are available.