reply on: To Fold or to Strike \ stacker news ~bitcoin

pull down to refresh

9 sats \ 2 replies \ @j7hB75 19 Feb \ parent \ on: To Fold or to Strike bitcoin

If you live in the US Strike is not the answer. Strike charges a .99% fee with BTC and Fold it is 0.

Strike charges a fee but it reduces based on your usage. It doesn’t stay at 0.99%.

https://strike.me/faq/what-are-the-bitcoin-trading-fees-on-strike/

Fold also pays for your withdrawal and from what I am seeing on Strike they do not make that clear.

Strike does not charge an on-chain send fee for the Flexible delivery time.

https://strike.me/faq/what-fees-and-rates-apply-to-bitcoin-transactions/

For auto withdrawals you the minimum is a psychotic 1,000,000 sats and Fold is 50k.

This seems subjective. How is 1 million sats psychotic? I think it has to do with how they batch transactions on their end and what is efficient.

I am honestly confused on why anyone in the US would use Strike. It not only has fees but it has stupid high withdrawal thresholds.

I’m confused why you couldn’t be bothered to do some basic research on their website? They have fees because they’re a business. They need to make money somewhere to keep running. “Stupid high” withdrawal thresholds is subjective and simply not true. You can withdraw whenever you want if you elect not to do auto withdrawals.

0 sats \ 1 reply \ @Cje95 19 Feb

I saw the fee chart but lets be honest about the amount of money people are going to use on Strike to purchase BTC. Do you really see people purchasing over 2k over and over again? Thats the only way to get the fee under .9 and again Fold's is 0 you enter how much you want to buy they show you the price you purchase at and they dont charge a fee.

I guess(??) the transfer fees even out to 0 since Fold ya know doesnt charge period....

You think the average person is going to have 1 million sats or 0.01 BTC just chilling able to send? Thats thousands of dollars your average person does not have that it isnt subjective at all?

Given I used the numbers from their site idk how you could miss/ignore that I clearly did my research and the math still clearly favors Fold using your own numbers. Unless everyone in the US is a significant BTC holder and no one knew.

0 sats \ 0 replies \ @j7hB75 19 Feb

I saw the fee chart but lets be honest about the amount of money people are going to use on Strike to purchase BTC. Do you really see people purchasing over 2k over and over again?

Depends. If you are depositing all or a large portion of your paycheck into Strike, then yes, you could be purchasing over $2K per month.

You think the average person is going to have 1 million sats or 0.01 BTC just chilling able to send? Thats thousands of dollars your average person does not have that it isnt subjective at all?

I don't know what average person means in this context. However, at the time of this comment, 0.01 BTC is equivalent to $962.69 USD. That does not equal "thousands of dollars".