Review
Strike
Lightning-native Bitcoin app
Our Verdict
The fastest and cheapest way to buy Bitcoin. Built on Lightning, so transfers are instant and nearly free. No trading fees - just a small spread. Excellent for payments, DCA, and getting Bitcoin into your own wallet quickly. The trade-off: custodial by default, younger company, and fewer features than full exchanges.
What we like
- No trading fees on Bitcoin purchases - lowest cost entry point available
- Lightning-native - instant transfers, near-zero withdrawal fees
- Bitcoin-only focus - no altcoin noise
- Beautifully simple interface - easiest onboarding of any exchange
- Bill pay feature - pay any US bill with Bitcoin
- Encourages self-custody with easy withdrawal flow
What could be better
- Custodial by default - your Bitcoin is held by Strike until you withdraw
- Younger company (founded 2020) with shorter security track record
- Limited to US and select countries
- No advanced trading features (no limit orders, no charts)
- Spread on purchases is not explicitly disclosed (estimated 0.3-0.5%)
- No proof of reserves published
How We Scored This
Community score compiled from Reddit threads, expert reviews, and app store ratings.
Extremely popular on r/Bitcoin. Jack Mallers is a respected figure. Users consistently recommend Strike for buying and immediately withdrawing via Lightning. Common praise: "no fees, instant Lightning, Bitcoin-only." Common caveat: "withdraw to your own wallet, don't leave funds on Strike."
Strike consistently wins fee comparison threads. Users note the spread is minimal and the absence of explicit trading fees makes it the cheapest option for small, regular purchases. Some debate about whether the undisclosed spread is truly "no fees."
Strike is widely cited as the most user-friendly Lightning implementation for consumers. Jack Mallers' presentation at Bitcoin 2022 (El Salvador legal tender announcement) cemented Strike's reputation in the Bitcoin ecosystem.
4.8/5 on the App Store. Users praise the speed, simplicity, and fee-free model. Complaints focus on limited availability (some US states not supported) and occasional identity verification delays.
Score History
Published aggregated community review. Community score (21/25) reflects strong enthusiasm for Lightning-native model, tempered by custodial concerns and shorter track record.
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