Strike bill pay is an easy, automatic way to pay your bills directly from your Strike account. Whether it’s credit card payments, phone bills, or utilities, you can set up as many billers as you need and choose to pay from your cash or bitcoin balance.

How does bill pay work?

Follow these simple steps to set up your Strike account as your payment source for your bills. Here’s how it works:

1. Generate payment details: Within the Strike app, your account and routing numbers are automatically generated
2. Set your default balance: You can then set your cash or bitcoin as your default payment source.
3. Add to your biller: Enter the account and routing numbers to your biller’s platform
4. Automatic payments: When your biller charges a bill to your account, Strike pays the bill from your default balance.
5. Backup balance: If funds are insufficient, Strike automatically uses your alternate balance to cover the remainder to ensure the bill is paid.

Paying bills with bitcoin

Bill pay lets you hold your wealth in bitcoin, converting to cash only when bills are due. It’s a way to control your exposure to the downsides of fiat, such as arbitrary inflation, and ultimately go all in on bitcoin. When combined with Get paid in bitcoin, Shop with Lightning, free and automatic bitcoin withdrawals, and more, you can live a Bitcoin lifestyle that is fiat-free.

What's more, paying bills with bitcoin counts towards your fee level. This means the more you pay bills with bitcoin, the lower your fees for all bitcoin trading, including buys, sales, recurring purchases, target orders, getting paid in bitcoin, and your other bill payments with bitcoin.

Taxes simplified

Setting your default balance to bitcoin means that when a bill is charged, Strike will automatically sell the necessary amount of bitcoin to pay your bill, creating a taxable event. However, setting your default to cash and paying bills from your cash balance does not trigger a taxable event. Come tax season, Strike will issue your annual tax document, summarizing all your bitcoin sales for bill payments so taxes are hassle-free.

Eligibility for bill pay

Bill pay is available for fully verified US customers, excluding customers in Hawaii, whose accounts are in good standing. Using the Strike app consistently can increase your likelihood of getting access to Strike bill pay, but is not guaranteed.

The per-bill limit is $30,000, but you can pay as many bills from as many billers as you like.

Read more about how to set up and manage bill pay in the Strike app.