# How do I draw from my line of credit?

Category: Borrow
Source: https://strike.me/support/how-do-i-draw-from-my-line-of-credit/

---

You can draw as little as $0.01 at a time with no fees, as long as you have [available credit](/support/how-do-i-increase-my-credit-line).

- **Pay bills:** Cover your mortgage, credit card, utilities, or other expenses.
- **Withdraw to a bank:** Transfer cash to a linked bank account via wire transfer.
- **Send cash:** Pay friends or family members who have a Strike account. The line of credit can’t be used to [send globally](/support/can-i-send-money-globally).
- **Buy bitcoin:** Leverage your credit line to increase your stack.

Each draw increases your outstanding principal and raises your [loan-to-value ratio](/support/how-do-margin-calls-and-liquidations-happen). You can’t draw beyond your available credit or past the point where your LTV would exceed 50%.

[Interest](/support/how-do-i-pay-interest-or-repay-principal) **starts accruing daily** the moment you draw. If you draw $100 from a $5,000 credit line, the [Daily Periodic Rate](/support/what-are-the-interest-rates-for-borrowing-against-bitcoin) applies to that $100 each day until you repay it. In this example, $4,900 would remain available, and you wouldn’t be charged interest on it.

After you repay the principal, the amount is returned to your available credit. You can draw again without having to [open a new line of credit](/support/how-do-i-borrow-against-bitcoin).

From Strike's help center — https://strike.me/support/