To change the payment source for your bitcoin-backed loan, visit your Strike app’s Cash tab and follow these steps:

1. Tap your LTV Tracker to open your Loan Center
2. Tap the Payment tile in the bottom left
3. Select the payment source you would like to change

What are the available payment sources?

The available payment source options depend on if you have Monthly Payment or a Payment at Maturity loan.

Monthly interest payments (if applicable):

• Cash balance: Payments are auto-deducted from your Strike cash balance.
• Bitcoin balance: Sufficient bitcoin is auto-sold from your bitcoin balance to cover the payment amount.

Payment at maturity (for all loan types):

• Cash balance: Payments are auto-deducted from your Strike cash balance.
• Bitcoin collateral: Sufficient bitcoin is auto-sold from your collateral to cover the payment amount.

Sourcing payments from a linked bank account is not currently available. Learn more about how loan payments work.