All offers / Crypto / Strike
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, in the US and Europe$500
- Fee-free trading, in every other supported country$100
- Cash paid to you, anywhere$0
The first two figures are Strike's own, from its referral FAQ; if you join from Europe the figure is €500, not $500. The third row is what actually changes hands, and users in the UK are outside the programme altogether.
What pays what
| You, in the US, after your first bitcoin purchase | $500 of fee-free trading |
|---|---|
| You, joining from Europe | €500 fee-free |
| You, in every other supported country | $100 of fee-free trading |
| You, in the United Kingdom | The programme does not apply |
| Cash actually paid to you | $0 |
| What the waiver covers | Single trades, recurring buys, target orders, buying or selling |
| Whether the allowance expires | 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 you receive $100 of fee-free trading rather than $500. Joining from Europe gets you €500 instead of $500.
- Enter the code during signup, because that is the only moment described. You download Strike and join with the referral code. There is no published route for adding a code later and no terms document that would give you one.
- You have to actually buy bitcoin. Joining is not enough; the benefit is tied to your first bitcoin purchase. No minimum purchase size is published anywhere we read, and no deadline for making it. Your fee-free trading applies immediately once that purchase completes.
- 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.
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, 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.
Once you hold a Strike account yourself, sending your own code to others is free money for you: Strike states there is no limit on how many people you can refer, and each one who joins and completes a first bitcoin purchase gets you the same fee waiver, $500 in the US and Europe or $100 elsewhere, once their purchase settles. Whether a second referral's waiver stacks with the first is not published anywhere.