Personal accounts pay zero fees on recurring purchases after the first week (for a weekly or monthly DCA, the waiver applies from the second purchase). Also, there are no fees to direct deposit your paycheck and convert up to $20,000 per month into bitcoin. On all other transactions, the fee is tiered:
| Monthly fee level | Fee |
|---|---|
| <$5,000 | 0.89% |
| $5,000 - $50,000 | 0.79% |
| $50,000 - $500,000 | 0.69% |
| $500,000 - $5,000,000 | 0.59% |
| $5,000,000 - $15,000,000 | 0.39% |
| >$15,000,000 | 0.25% |
You can track your current level by visiting the Bitcoin tab in the mobile app and tapping your 
traded volume.
How trading fees work
Your monthly fee level is determined by your trade volume in $, not by the number of trades you make. The following transaction types count:
- One-time buys and sells
- Recurring purchases (DCA)
- Target orders
- Direct deposits allocated to bitcoin
- Pay bills using bitcoin
- Receive cash as bitcoin
- Repay a loan or pay interest using bitcoin balance
- The trading fees themselves
The cumulative volume that determines a trade's fee already includes the trade itself. This way, a single trade can be large enough to land in a better tier on its own, and when it reaches or crosses a threshold, the lower rate applies to the entire trade, not just the portion above it.
You start each month at the tier you ended last month in, so progress isn't lost: you keep growing toward the next tier rather than starting from scratch. You only reset to the first tier after a calendar month with no trades.
For example, a single $5,000 buy in January would qualify for the $5,000–$50,000 tier at 0.79%, costing you $39.50. Five separate $1,000 buys would run trades 1–4 at 0.89% (4 × $8.90 = $35.60) and the 5th at the next tier's 0.79% ($7.90), for a total of $43.50. Either way, you'd end January at 0.79%, so February starts there: another $45,000 in volume would bring you to 0.69%. If you made no trades in February, you'd restart at the first tier in March.
Strike uses volume-based pricing to get you lower fees. Instead of looking at each trade in isolation, all trades from the current and previous months count. From the second tier onward, you pay less than you would under a per-trade model. For example, if you traded a total of $5,000 last month, your first $100 trade this month would cost 0.79%, not 0.89%.
Spread
Your buy or sell price also includes a spread, which is the difference between the mid-point price shown on the bitcoin price chart and the price at which you trade. The spread is how liquidity providers and platforms like Strike are paid for filling your order instantly at the best available price. The spread can widen significantly during periods of high market volatility due to increased risk and reduced liquidity.
Strike targets an all-in spread of 0.22%. The actual spread on any given purchase or sale may be higher or lower, but it's always reflected in the buy or sell price you see. For example, if the mid-point price of bitcoin is $100,000, a spread near this target would mean buying from Strike at around $100,220.