So on strike you can deposit dollars and withdraw via lightning but buy Bitcoin and can't do a lightning withdrawal? Wtf?
Discussion
Put dollars in strike. Send dollar amount to lightning wallet. Shows up as sats in lightning wallet.
They have direct deposit in Bitcoin, it doesn't make sense they don't allow lightning withdrawals when you get paid in Bitcoin.
Why would I want to sell it and then withdraw.
Strike has this design so all interactions with Bitcoin are possible with the denomination being isolated as USD. It's a clever trick to let users receive Bitcoin without a taxable event, since you don't receive the Bitcoin, Strike does. They then credit you in USD. The Bitcoin tab is actually a whole separate account from an accounting perspective.
Correct, you cannot withdraw lightning Sats from strike BTC balance, but you can withdraw lightning Sats from USD balance 💀
When I used strike.army to get zaps before, I received USD instead of native satoshis ðŸ˜
This is one reason I prefer Cash App tbh
I've been using Strike for over 2 years and I mostly love it. I deposit USD and then can send BTC directly to my self-custody wallets by simply paying to my own bitcoin addresses. I buy goods from vendors who accept Bitcoin with my Strike balance. I receive invoices and Zaps from Nostr tips via Strike.army LNurl directly into my Strike account. It's fast, versatile, and cheap to use.
Sadly their connection to my online ACH bank (ALLY) via Plaid is currently broken, and they haven't been able to fix it for almost a month. Major Bummer.
YMMV but I hope to keep using Strike. And btw, Jack Mallers, creator of Strike (jack@strike.me) is one of my favorite bitcoin maxis.
Strike is just fiat built on top of bitcoin.