https://strike.me/faq/what-are-the-bitcoin-trading-fees-on-strike/
https://strike.me/faq/what-fees-and-rates-apply-to-cash-transactions-wr/
Their TOS
And a summary:
**Arbitration Clause:** The TOS requires binding arbitration for dispute resolution (Section 24), which means you waive your right to a court trial for disputes. This can limit your options for legal recourse.
**No Deposit Protection:** Assets in your account are not protected by any deposit insurance schemes (Section 5(d)). This means there is a risk of loss without any safety net.
**Fees:**
*Deposit Fees:* There is a fee for loading a balance into your account (Section 6(d)).
Bitcoin Transaction Fees: Fees are charged based on monthly trading volume for buying and selling bitcoin (Section 6(e)).
*Network Fees:* Transactions on the Bitcoin and Lightning networks may incur additional fees, which will be passed on to you (Section 6(b)).
*Lightning Network Fees:* Routing fees will be deducted from transaction amounts (Section 6(g)).
*On-Chain Transactions:* You may pay higher fees to speed up transaction settlement (Section 6(f)).
*No Cancellations, Refunds, or Reversals:* All transactions are final and irreversible (Section 10(h)). If you make a mistake, your funds may be lost.
**Automated Account Recovery:** Strike can recover funds from your account for any amounts owed, including fees or fraud-related reasons (Section 13).
**Account Termination and Service Suspension:** Strike can terminate or suspend your account at its discretion, including if you haven't accessed it in over two years (Sections 18(a) and 18(b)).
**Risk of Using USDT:** USDT is a stablecoin subject to market risks, including potential depegging from the US dollar (Section 5(b)).
**Fiat Currency Services:** Strike does not provide fiat currency services directly, and all fiat transactions are facilitated by third-party providers (Section 5(e) and 5(f)). This could lead to additional complexity or fees.
**Restricted Jurisdictions:** If you are in a restricted jurisdiction, your account and transactions may be suspended or terminated (Section 11(c)).
**Changes to Terms and Services:** Strike can update the terms and discontinue services without notice (Section 19). This could affect your usage and costs unexpectedly.