When you buy or sell bitcoin using Strike there is a trading fee applied, called the Strike fee, which is calculated as a percentage of the trade’s size.

The Strike fee is structured into different levels, or “tiers”, based on your monthly trading volume – the more you trade, the better the fee.

Monthly trading volume	Fee
< £1,000	1.29%
£1,000 - £5,000	1.09%
£5,000 - £50,000	0.89%
£50,000 - £500,000	0.79%
> £500,000	0.69%

Your monthly trading volume is the cash amount you have bought and sold of bitcoin, including any recurring purchases (aka DCA), automatic bitcoin buys from bank deposits, and the trading fees themselves. Trades that are on a fee level threshold will execute at the better fee rate. The initial fee level starts when your monthly trading volume is £0, and as you buy or sell bitcoin throughout the month you can advance to better fee levels. For each month, you start with the fee level of your previous month.

Example

If you bought £600 of bitcoin and sold £500 of bitcoin in January, your monthly trading volume would be £1,100:

• Your £600 bitcoin purchase would be at the 1st fee level
• Your £500 bitcoin sale would be at the 2nd fee level
• Your next trade in February would be at the 2nd fee level (or better, if it was £5,000 or more)
• If you have no trades in February, you would reset to the 1st fee level on March 1st at 00:00 UTC

No fee DCA

Bitcoin trading fees don’t apply to recurring purchases (aka "DCA") after the first week for hourly and daily purchases, or starting with the 2nd purchase for weekly and monthly purchases.

Checking your fees

You can track your current level in the Strike app by visiting your Bitcoin screen and tapping the Bitcoin trading fee card. This will show your current monthly trading volume, your current fee level, and the amount of trading needed to advance to the next fee level. Examples of the criteria that may be considered to adjust fees include market conditions, business considerations, and the relationships with third-party liquidity providers.

While Strike incurs fees from global market participants to source bitcoin, this Strike fee structure gives you a clear, delivered price with better fees the more you trade.