Paying an extra 1% on the spread these days too. Used to be 0.3% or less.
nostr:npub1ars5ljjk0xj4ehdy8yj73hcc6kk5q4yz6suzfqlma4w4yn5r86wsg6ucel I stand corrected. nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 will accept my deposit and allow me to buy right away, but they won’t let me move my sats for 3-5 days until my deposit clears. nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle what is this? I thought strike encouraged self custody. If your gonna let spend the funds to buy sats, you’d should let me take them to cold storage.
Sure hope I’m not standing on a rug. This ain’t cool. 🤔
Discussion
I’m not so concerned about the spread. They have to protect themselves from fast price fluctuations and have to keep the doors open, but I want my sats safe in my custody…. which I thought they were promoting
Funding your strike fiat balance with ACH payment methods are slow..very slow.
Strike is protecting themselves from non-sufficient fund rejections 1-5 days after you initiate a fiat deposit.
I bet they were taking some losses from their very generous policy. Imagine this:
- user deposits $100 fiat over ACH to strike
- user immediately pays themselves $100 in btc over LN
- days later, users bank rejects the withdrawal
- strike lost $100 because they can’t claw back the btc
I did ask Strike about plans to implement FedNow, which would support instant settlement for the fiat leg, they said they had no plans.
we are. we also are turning card rails back on starting yesterday, will be fully rolled out next week
the ACH stuff is complicated but getting better. some users saw withdrawal holds but not a forever thing
if anyone is having a bad experience just DM me, can resolve it for you
Thanks for responding nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle No doubt the ACH stuff gets complicated. It just makes people nervous when things start changing. Nice knowing your listing and got our
backs. Keep on keeping it real, innovating, and shaking up the mainstream media from the closet my friend. 🤙🏻🫂
What about paycheck direct deposit?
cards launching first (globally too!), then direct deposit after 👍
✉️
🧐
Awesome! Thank you.
Will these be available for US business accounts too?
which part?
Specifically interested in an account for my WY LLC with Strike.
Which I'd expect to be easier than say PR and HI, or I'm guessing NY. Even my personal account stops functioning when I pass thru those jurisdictions.
Perhaps Montana or Delaware are friendlier jurisdictions too...
nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle , just opened an account with Strike. Hoping to withdrawal BTC immediately but currently limited to 3-5 at waiting period. Any chance you can tag my account on your end?
~ z2theach
Did it give you debit card option? I’d imagine that would be instant.
For me, funding is basically instant, purchase sats as soon as deposit hits (basically instant), but ability to transfer sats was held up for 3-5 days until deposit settled.