All offers / Crypto / Strike
Examined Jul 27, 2026 Fee waiver, not cash $100 outside the US and Europe No published terms Strike waives the fee on $500 of bitcoin trading. That is not the same as $500.
Nothing moves from Strike's account into yours. What you receive is a discount on a fee, not a transfer. In plain numbers: a waived fee on $500 of bitcoin buying is worth a few dollars, not $500. Strike's FAQ does not publish its fee rate, so we will not invent one; the only place to see it is Strike's own fee schedule in the app. Multiply that rate by $500 and you have the real value of this offer.
- Fee-free trading each side, in the US and Europe$500
- Fee-free trading each side, in every other supported country$100
- Cash paid to either side, anywhere$0
The first two figures are Strike's own, from its referral FAQ; a friend referred in Europe gets €500 while the referrer gets $500. The third row is what actually changes hands, and users in the UK are outside the programme altogether.
What pays what
| You and your friend, in the US, after their first bitcoin purchase | $500 of fee-free trading each |
|---|---|
| A friend you refer in Europe | €500 fee-free for them, $500 for you |
| Every other supported country, both sides | $100 of fee-free trading |
| Users in the United Kingdom | The programme does not apply |
| Cash actually paid to either side | $0 |
| Number of friends you can refer | No limit stated |
| What the waiver covers | Single trades, recurring buys, target orders, buying or selling |
| Whether the allowance expires | Not published anywhere |
| Whether two referrals' allowances stack | Not published anywhere |
Do this, in this order
- Work out what the waiver is actually worth before anything else. Open Strike's fee schedule in the app and multiply the fee rate by $500, or by $100 if you are outside the US and Europe. That result, and not the headline, is what this referral pays you.
- Check that the programme reaches you at all. Strike states plainly that the referral programme does not apply to users in the UK. In supported countries outside the US and Europe, both sides receive $100 of fee-free trading rather than $500. A friend referred in Europe gets €500 while the referrer gets $500.
- Enter the code during signup, because that is the only moment described. The friend downloads Strike and joins with the referral code. There is no published route for adding a code later and no terms document that would give you one.
- The new user has to actually buy bitcoin. Joining is not enough; the benefit is tied to their first bitcoin purchase. No minimum purchase size is published anywhere we read, and no deadline for making it.
- Expect the two benefits to land at different moments. The new user's fee-free trading applies immediately. The referrer's follows once that first purchase completes. If yours has not appeared, the usual reason is that their purchase has not settled yet.
- Spend the allowance on trades you were making anyway. The waiver covers your next $500 worth of bitcoin trades: single trades, recurring purchases and target orders, buying or selling. If you already buy bitcoin weekly, the waiver quietly covers the next stretch of fees.
- Refer as many people as you like, but do not assume the allowance waits for you. Strike states there is no limit on the number of friends you can refer. It says nothing about whether an unused allowance expires, or whether a second referral's allowance adds to the first or replaces it.
The fine print that can still cost you
There is almost no fine print, and that is not a good thing.
Strike publishes no referral terms document at all. Its legal library carries a Terms of Service, a privacy notice, a custody summary, a risk disclosure, a commercial policy and several more. There is no referral agreement among them. A support FAQ is the entire rulebook, and that FAQ carries no last-updated date.
The geography rule lives in one sentence. A single line of that FAQ is what separates $500 from $100, and another is what excludes the UK. There is no schedule of eligible countries to check yourself against, so the app's referral screen is the only place you will see which figure applies to you.
Several questions you would want answered are simply unanswered. Whether the allowance expires, whether multiple referrals stack or overwrite each other, whether Strike can reverse the benefit and on what grounds, whether your account has to stay in good standing, minimum age, any US state restrictions: none of it is published. Here there is no clause to read, which means the answer is whatever Strike decides at the time.
No end date is stated either. The programme can simply stop. The one place a current offer or an expiry would actually show up is the referral screen inside the app.
None of this is a warning about Strike itself. Strike is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. The complaint on this page is about a referral programme with a misleading-looking headline and no written rules.
Is it worth your time?
If you already want Strike, take the code. It is free, it applies straight away, you can refer as many people as you like, and waived fees on trades you were making anyway are a small win with no downside. Judged as a reason to open an account, it is the weakest offer in this group by a wide margin: Kraken and Gemini will put real money in your account for a comparable ten minutes of work, and even the smaller bitcoin apps pay you in bitcoin rather than in discounts. Judged as a small courtesy attached to an app you had already chosen, it is fine.
