Strike
Strike offers Bitcoin-backed loans through their mobile app with industry-leading transparency — no fees, proof of reserves, and no rehypothecation of your collateral.
Interest Rate
From 9.5% APR
Max LTV
50%
Min Loan
$10,000
Jurisdiction
United States (select states)
Collateral
BTC
Adoption
High
Type
Centralized
Est.
2017
About Strike
Strike is a Bitcoin payments and financial services app founded by Jack Mallers. They offer Bitcoin-backed loans with no origination, early repayment, or closure fees. Loans start at 9.5% APR with 50% LTV. Strike maintains proof of reserves and doesn't rehypothecate collateral. Choose between monthly interest payments or payment at maturity. Manage your loan entirely through the Strike app. Currently available in select US states.
Key Features
No fees, proof of reserves, no credit checks, no rehypothecation, mobile app management, 12-month terms.
Benefits
- No origination, early repayment, or closure fees
- Competitive rates starting at 9.5% APR
- Proof of reserves — your Bitcoin is accounted for
- No rehypothecation — your collateral isn't lent out
- No credit checks or reporting to credit agencies
- Manage loans entirely in the Strike app
- Choose monthly payments or payment at maturity
- Early closure available after 60 days
Risks
- Only available in select US states
- Margin call at 70% LTV if Bitcoin price drops
- 12-month maximum term
- Centralized custody of collateral
- $10,000 minimum loan amount
Important Notice
This information is provided for educational purposes only and should not be considered financial advice. Always do your own research and verify current terms directly with Strike before making any decisions. Rates, terms, and availability are subject to change. Last verified: January 7, 2025.
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