I guess I'm underwhelmed because I have a practical setup and hardly ever move anything, other than my monthly DCA and zap-refill.
What are the exchange-rate spans on the free, on-chain withdrawals? Does Strike really lose money on those?
I guess I'm underwhelmed because I have a practical setup and hardly ever move anything, other than my monthly DCA and zap-refill.
What are the exchange-rate spans on the free, on-chain withdrawals? Does Strike really lose money on those?
Well i may be confused but there’s no exchange rate for a withdrawal, like when you already stacked using strike and then withdraw. But i’m certain they lose money on the free withdrawals. It confirms within 24 hours so even though they batch, that’s gotta cost something
But if everything they do is free, where does their profit come from? 🤔
Not everything is free. The ~24 hour withdrawal is free. Faster is quite unfree, rev transaction fee.
Free on-chain withdrawals is not “everything they do” it’s just one option for one feature. I think they make their revenue from fees/spread when people buy or sell. Not sure though
DCA is buying bitcoin kyc
ACH is using fiat to pay an LN invoice