A loan gives you a lump sum with a fixed Annual Percentage Rate (APR) locked at opening and a 12-month term. Ideal for large, planned expenses. You can have up to 5 active loans and consolidate them to potentially secure a lower rate.
A line of credit gives you revolving access to cash with no maturity date. Draw as little as $1 at a time, pay interest only on what you've drawn, and repay whenever you decide. Repaid principal becomes available to borrow again. It's designed for ongoing, everyday spending.
Bitcoin-backed loans are available to individuals and businesses in most US states, with minimums starting at $10,000 for individuals and $5,000 for businesses. Both personal and business accounts can apply, though minimums and eligibility vary by state.
The line of credit is now available to consumers in 21 US states and territories, and to businesses in 43 US states. Minimum credit line amounts vary by state.
Generally, no. The IRS treats bitcoin as property, so selling it triggers a taxable disposition. However, opening a loan, drawing from your line of credit, and repaying from your cash balance or bank account are generally not considered taxable events.
Taxable events can occur if you pay interest or principal using your bitcoin balance (which triggers an automatic sale) or if an involuntary collateral liquidation takes place.
Strike gives you time and tools to stay ahead. Your LTV Tracker monitors your loan health in real time, and you can lower your LTV at any time by adding collateral or paying down principal.
If the price drops enough to push your LTV to 70%, you get a margin call with a 72-hour window to act. If the price recovers on its own, the margin call is automatically canceled. If you don’t resolve the margin call or the LTV reaches 85%, Strike sells only enough collateral to bring your ratio back to a healthy level, not all of it.
Yes, with no prepayment fees. Repay part or all of your principal at any time to reduce your daily interest, improve your LTV, and lower your margin call and liquidation thresholds. For the line of credit, repaid principal stops accruing interest immediately and becomes available to draw again.
If your LTV drops to 40% or below, you can also retrieve a portion of your bitcoin collateral without closing. And you can close entirely after 60 days on demand and get your bitcoin back, with no closure fee.
Yes. If you have enough bitcoin readily available that isn't locked up as collateral elsewhere, you can migrate in one step: open a loan on Strike, use the cash to pay off your other provider, then retrieve your freed collateral. If most of your bitcoin is tied up, you can migrate in stages if your existing lender allows partial collateral retrieval.
Washington: NMLS Consumer Access
Vermont: THIS IS A LOAN SOLICITATION ONLY. ZAP SOLUTIONS CAPITAL, INC. IS NOT THE LENDER. INFORMATION RECEIVED WILL BE SHARED WITH ONE OR MORE THIRD PARTIES IN CONNECTION WITH YOUR LOAN INQUIRY. THE LENDER MAY NOT BE SUBJECT TO ALL VERMONT LENDING LAWS. THE LENDER MAY BE SUBJECT TO FEDERAL LENDING LAWS.