Terms at a glance
| Product model | Centralized |
|---|---|
| Advertised rate | 7.49–11.25% · Standard term-loan APRs |
| Rate conditions | Size and payment schedule matter; protected loans cost more. Credit line is separately priced. |
| Collateral | BTC |
| LTV | 50% in standard illustration |
| Term / structure | 12-month term illustration; separate credit line |
| Funding | USD |
| Collateral model | Held by Strike or capital providers; no further rehypothecation |
| Fees | No origination or prepayment fee stated |
Source: Strike documentation. Figures describe the reviewed product, not an offer available to every borrower. See rate-source notes for documented discrepancies.
What to weigh up
Why borrowers consider it
Choice of monthly-interest or maturity payments, plus a separate credit line and optional volatility-protected term loans.
Tradeoffs and responsibilities
The lowest standard APR is a large-loan tier. Protection has an additional cost and conditions; availability is limited to supported US states.
Common questions about Strike
These answers cover borrowing costs, collateral and repayment. Eligibility and the signed agreement determine the terms of an actual loan.
What is Strike and how does borrowing work?
Strike offers several Bitcoin borrowing structures, so choose the product before comparing its rate with Ledn.
What rate does Strike charge?
The reviewed source shows 7.49–11.25% (standard term-loan aprs). Size and payment schedule matter; protected loans cost more. Credit line is separately priced.
Which collateral can I use with Strike?
The documented collateral is BTC. 50% in standard illustration. Supported assets and limits must match the specific product and account offer.
Who controls collateral with Strike?
The documented model is: Held by Strike or capital providers; no further rehypothecation. The lowest standard APR is a large-loan tier. Protection has an additional cost and conditions; availability is limited to supported US states.
How long can I borrow and what can I receive?
The documented term or structure is: 12-month term illustration; separate credit line. Funding is described as USD. Confirm the repayment asset and schedule before borrowing; a crypto payout may require a separate conversion to pay a fiat expense.
What fees should I include in a Strike quote?
No origination or prepayment fee stated. Compare net proceeds and the payoff amount on your planned repayment date. Avoid adding a charge twice if it is already included in APR.
Is Strike’s lowest APR available on a small loan?
No. The published 7.49% standard tier is for $5 million–$10 million with monthly payments. Smaller amounts, deferred payments and protection have different prices.
Can I lose collateral when borrowing through Strike?
Yes. Collateral-price declines, interest accrual or failure to meet repayment obligations can lead to collateral sales under the applicable rules. Custody, counterparty, smart-contract and operational risks depend on the product. Keep a repayment and collateral-management plan; no rate or starting LTV makes a loan risk-free.
Sources and further reading
- Strike: reviewed product documentation
- Strike: product website
- Strike: supporting documentation (/borrow/)
These answers summarize the dated research used throughout this site. They do not reflect hands-on borrowing tests or a live rate feed. Read the methodology.