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 fee is tiered and varies based on your monthly fee level.
| Monthly fee level | Fee |
|---|---|
| <£250 | 1.29% |
| £250 - £1,000 | 1.19% |
| £1,000 - £5,000 | 0.99% |
| £5,000 - £50,000 | 0.89% |
| £50,000 - £500,000 | 0.79% |
| £500,000 - £5,000,000 | 0.69% |
| £5,000,000 - £15,000,000 | 0.59% |
| >£15,000,000 | 0.49% |
Your monthly fee level is based on 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 lower fee rate. Your initial fee level starts at £0 in monthly trading, and as you buy or sell bitcoin throughout the month you can advance to lower fee tiers. Your previous month's fee level carries over as your current month's starting fee level. Months reset at 00:00 UTC on the 1st of the month.
If you bought £200 of bitcoin and sold £100 of bitcoin in January, your monthly fee level would be £300:
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. Fee waiving for recurring purchases is currently not available for businesses.