When you open a bitcoin-backed loan with Strike, your bitcoin is used as collateral for the duration of the loan.

To offer competitive rates and terms, Strike partners with carefully selected capital providers. By opening a loan, you authorize Strike to transfer your bitcoin to a trusted third-party capital provider for the duration of the loan. These partners are thoroughly vetted, and Strike remains legally responsible for your collateral at all times. We ensure it is returned to you upon early repayment or when the loan reaches maturity.

At all times, you can monitor your loan status, collateral amount, and value in your Strike app’s Loan Center. Early loan closures are available on demand, starting 60 days after your loan is opened. Once your loan is successfully closed, your collateral will be returned to you within one business day.

Our long-term goal is to bring simple, low-cost, bitcoin-backed loans to as many people as possible. While we’re still in the early stages of our rollout, we’re actively working to expand the offering with new features and even greater control.

If you have any questions regarding our current bitcoin-backed loan offering, please contact [email protected].