Yo, what is going on Bitcoin? I am back with another strike announcement. We have officially launched Bitcoin interest on your cash. We pride ourselves on being a customer-focused firm. We care deeply about Bitcoiners. We are a company built by Bitcoiners for Bitcoiners. And boy, have you all been requesting this feature? I love collecting these. I love hearing from you guys.
Does Strike have any interest in creating an FDIC fiat savings account that provides BTC interest? I know it's a long shot and I'm dreaming, but it would be neat if we could earn a little interest in Bitcoin on any cash we have sitting in our account. Uh, this one in the middle here is my favorite. Strike needs Bitcoin interest on cash. I just moved six figures into strike to defend against a margin call. So that cash is sitting waiting to be used. Bitcoin interest on that cash would be very beneficial. This would make your great products even better. So we hear you. We build for you. And what did we do? We launched it. You can now earn 3.6% interest on your cash on Strike. It could be DCAing Bitcoin. It could be waiting for a target order. It could be waiting to add liquidity to an existing outstanding loan. Any cash settled on the platform can earn 3.6% interest paid out in Bitcoin. That is nearly 10 times the legacy fiat banking system average. We're doing everything we can to collect as much interest as we can possible for you all and pass it back to you paid in Bitcoin. This is something the legacy fiat system clearly does not do as our interest is 10 times larger. We do not make our money earning interest on your deposits. We provide Bitcoin financial services. And so if we can get interest on your cash, we're going to give it all to you paid out in Bitcoin. Okay. How's this product work, guys? It's very simple. If you got some idle cash sitting on strike, listen, not everyone's all in on Bitcoin. You've got a rainy day fund. You've got some idle cash. Maybe you run a business and you need a little bit of cash buffer for operating flows. Well, any cash settled can earn 3.6% interest paid out in Bitcoin. That interest accrues daily. So, the interest builds every single day on whatever settled cash balance you have on the platform. These payouts are monthly. So, on the first of every single month, you'll get a notification. Hey, here's some Bitcoin that you otherwise wouldn't have because of cash that you had on strike. It's an awesome way. I mean, for people that aren't totally orange, it's an awesome way to get newbies into Bitcoin. You don't necessarily have to quote unquote buy it. Even if you have some cash, you might as well start earning a little bit of interest paid out in Satoshis, paid out in bitcoins, and you'll get a fresh notification every single first of the month. You just got a little wealthier in Bitcoin. Lastly, what's the minimum? What's the secret terms? Where's the fee? None of that, guys. None of that. There's no minimum. There's no maximum. You could deposit 10 bucks. You could deposit 10 billion bucks. You get 3.6% interest on that capital. You can enroll with any balance. FDIC insured. How's this work? Where's the cash? Who's storing it? Your dollars are held at Cross River Bank member FDIC and insured up to $250,000. This is an account in your name. Okay? There's no funny business. This is interest on Bitcoin. Bitcoin doesn't generate any yield. This is interest on cash paid out in Bitcoin. FDIC insured in your name. Now, this is where it gets fun in my opinion. You can go to our website at strike.me/banking and you could do some fun math. So firstly, as I mentioned, we're paying out 9.7 times interest on cash than a traditional average industry savings rate for a traditional savings account that you would get at one of the bigger legacy banks. So you can input how much cash if you put it on to strike you would start earning. And then what if Bitcoin goes in a bull market? What if Bitcoin continues to appreciate against the legacy fiat system? And you can start to see truly how this savings account is a savings account from the future. Not only are you getting a higher interest on your cash, but you're getting paid out in the best performing asset in human history. So, you can head over to strike.me/banking and use our calculator, learn all about the product and all of the details, and hopefully we answer all of your questions.
And if you zoom out, this adds another addition to Strike, which is the complete bank account, the Bitcoin financial institution. If you take a look now, when it comes to our brokerage buying and selling Bitcoin, you're never even paying a 1% fee. Our fees range between 0.25% and 0.89%. It's as cheap as you'll get. Transparent, reliable pricing. We have zero fees when you DCA Bitcoin. We have zero fees when you direct deposit into Bitcoin. Bitcoin withdrawals on the platform is free. If you want to move Bitcoin to cold storage, it is free. It is on the house. You can pay your bills with the dollars that you have on the platform earning interest or you could pay your bills with Bitcoin that you have on the platform. You could get your paycheck half in Bitcoin, half in dollars. That half in Bitcoin, no fees. And then you can save that Bitcoin for your future, for your future family, for your future dreams and ambitions. And then the other 50% of your paycheck that's still in fiat is earning 3.6% interest paid out in Bitcoin waiting to pay bills. Strike can act as a vertical bank account. As a true financial institution, the complete Bitcoin account, the bank from the future. Strike also has Bitcoin backed loans and line of credit.
Guys, it is everything you need. If you have enough Bitcoin where you want liquidity against this wealth that you've accumulated, but you don't want to sell it, you don't want to incur a taxable gains event. You don't want to give up on the upside of Bitcoin. There's a plethora of different products. You can get a margin call proof loan, a loan where we do not and cannot margin call you. You can get a traditional 12-month Bitcoin back loan. You can get a dynamic line of credit if you want to pay your bills with a dynamic line of credit so that you're not actually selling Bitcoin. You're paying your bills with a dynamic line of credit against Bitcoin. Allocate some of the cash that's earning 3.6% interest to pay off that line of credit over time. You could do that. And then now with this new addition, any settled cash on the platform is passively earning you SATS in the background. No gimmicks, no fees, no hidden clauses. It's simple. The traditional banking system earns this interest and doesn't give it back to you. We take everything that we can get for you and we give it back to you in Bitcoin. So, that's the announcement today. It's simple. It's amazing. It's exciting. And I'm pumped because I know you guys have been asking this of us and we went out and we built it. So, hold cash. If you hold cash, I mean, just reading this out loud, you know, if you have a lot of cash, don't be afraid to buy a little Bitcoin. But if you have cash and you need cash, everyone's got maybe a little rainy day fund. You earn Bitcoin on that cash 3.6% almost 10 times higher than the industry legacy fiat average. And with that, we're back to work. Proof of work, baby. Strike. We've reached now millions of downloads, over a 100 countries. All Bitcoin on the platform is backed one to one. We have nearly 50,000 five-star reviews. We are building the Bitcoin institution, the Bitcoin company, the ideal Bitcoin account where you could buy, you can sell, you can accumulate for zero fees, you can earn interest paid out in Bitcoin on your cash, you can get a loan, you can get a line of credit, and we are building more. You guys wanted things like stacks. Don't tell my product team that I'm letting you know, but it's pretty much ready. We just didn't want to launch two things at once. So you guys keep tweeting at us. You guys keep asking for features and we will keep building. That's all from Strike, your Bitcoin company. And I will see you at the next announcement which is very soon. Who knows? Maybe tomorrow. All right, guys. Take care. If you have any questions, feel free to ping me or DM me.
