Nostr Web Client

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. 🤔

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Discussion

Crizzo 2y ago

Paying an extra 1% on the spread these days too. Used to be 0.3% or less.

Chriso🇺🇸🇦🇺🦘⚡️ 2y ago

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

Bitcoin Jungle 2y ago

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

Bitcoin Jungle 2y ago

I did ask Strike about plans to implement FedNow, which would support instant settlement for the fiat leg, they said they had no plans.

jack mallers 2y ago

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

Chriso🇺🇸🇦🇺🦘⚡️ 2y ago

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. 🤙🏻🫂

BitBees 2y ago

I love my Strike wallet.

jack mallers 2y ago

🫂

Chriso🇺🇸🇦🇺🦘⚡️ 2y ago

❤️

SMS 2y ago

🙂

plebiANON 2y ago

What about paycheck direct deposit?

jack mallers 2y ago

cards launching first (globally too!), then direct deposit after 👍

SMS 2y ago

✉️

🧐

plebiANON 2y ago

Awesome! Thank you.

Taoist Bitcoiner 2y ago

Will these be available for US business accounts too?

jack mallers 2y ago

which part?

Taoist Bitcoiner 2y ago

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...

nobody 2y ago

will this resolve issue of not being able to immediately withdraw btc?

Z2theach 2y ago

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

Bitcoin Jungle 2y ago

Did it give you debit card option? I’d imagine that would be instant.

Chriso🇺🇸🇦🇺🦘⚡️ 2y ago

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.

Z2theach 2y ago

It says adding a debit card is currently unavailable :(

Purchasing BTC is instant after a deposit. But waiting 3-5 days to withdrawal is a bummer.

Bitcoin Jungle 2y ago

I had to update the app in App Store to get the debit card button back. Just came back a couple days ago for me.

Kman 2y ago

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.

Chriso🇺🇸🇦🇺🦘⚡️ 2y ago

Yeah I’m thinking I may be moving to nostr:npub1cashappn03s3cl2ljsdntv0v28e2um5lgx4vjctqjt23pcwzjhsqmtdg5l as well. So you can buy and move sats there without waiting?

Bitcoin Jungle 2y ago

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.