Yup. I used to deposit fiat into Strike and then pay a lightning invoice to receive a gift card for where I’m out to eat to earn sats back. I still can, but using Cash app now.
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
Yeah I’m thinking I may be moving to nostr:npub1cashappn03s3cl2ljsdntv0v28e2um5lgx4vjctqjt23pcwzjhsqmtdg5l as well. So you can buy and move sats there without waiting?
My understanding is that Strike doesn’t report fiat balance -> Lightning payment as a btc purchase to your friendly government tax collector. Cashapp makes you buy btc, then pay over Lightning, resulting in a btc purchase report. Please correct me if I’m wrong.