Once you get past the KYC hurdle, Strike is pretty decent.
The fee when buying is negligible ... what, like 0.1% or something like that? Compare that to Cash App's fees for buying bitcoin!!
Strike lets you send from USD to a bitcoin address (or to pay an LN invoice). This way I do not touch bitcoin and thus do not need to track it for capital gains reporting ... like I would be required to do had I bought the bitcoin using any other exchange method.
Not sure what went on with your KYC, mine was not memorable enough that I even remember anything about it.
My only gripe is Strike has some quirks. A couple times I've need to deposit multiple times in a day, and apparently there is a limit of 3 per day. My deposits occur using the debit card method. Maybe Strike limits this hoping people do one large deposit rather than numerous smaller deposit trxs (which incur a small per-trx fee)? I don't know. But this has been an obstruction for me more than once.
Doesn't look like with Strike I can deposit bitcoin either (to sell) ... neither on-chain nor LN. Not a big deal though.
Other than that -- I'm sincerely a fan, and am happy Strike exists even if it does require KYC that for some is janky.
Once you get past the KYC hurdle, Strike is pretty decent.
The fee when buying is negligible ... what, like 0.1% or something like that? Compare that to Cash App's fees for buying bitcoin!!
Strike lets you send from USD to a bitcoin address (or to pay an LN invoice). This way I do not touch bitcoin and thus do not need to track it for capital gains reporting ... like I would be required to do had I bought the bitcoin using any other exchange method.
Not sure what went on with your KYC, mine was not memorable enough that I even remember anything about it.
My only gripe is Strike has some quirks. A couple times I've need to deposit multiple times in a day, and apparently there is a limit of 3 per day. My deposits occur using the debit card method. Maybe Strike limits this hoping people do one large deposit rather than numerous smaller deposit trxs (which incur a small per-trx fee)? I don't know. But this has been an obstruction for me more than once.
Doesn't look like with Strike I can deposit bitcoin either (to sell) ... neither on-chain nor LN. Not a big deal though.
Other than that -- I'm sincerely a fan, and am happy Strike exists even if it does require KYC that for some is janky.