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I just published From Spreads To Fees This change, driven by your feedback, ensures a transparent and cheap way for you to buy #bitcoin and get more sats the more you stack. At Strike, we aim to be one of the best places in the world to buy #bitcoin

152,851 views • 2 years ago •via X (Twitter)

10 Comments

Jack Mallers's profile picture
Jack Mallers2 years ago

Historically, Strike has charged what is called a "spread" when buying and selling #Bitcoin Over the years, it became very clear to us that you all did not like that. You wanted more clarity and more transparency. We heard you loud and clear. I even collected a lot of your feedback:

Jack Mallers's profile picture
Jack Mallers2 years ago

Our solution? Listen to you all. Introducing, our new tiered-fee pricing model! Every month @Strike will calculate your activity on our platform and give you a discounted fee the more you #Bitcoin with us. Simple, transparent, upfront, and cheap pricing built by Bitcoiners for Bitcoiners ✊ How cheap? Onto the next tweet ⬇️

Jack Mallers's profile picture
Jack Mallers2 years ago

To clear up any FUD or concerns, we collected data from other #Bitcoin companies all-in cost when buying #bitcoin to assure you we are what we claim. Very transparent, and very cheap. Just want to take a second and say, I love all of these companies. This is in no way putting anyone down. We are all going to win. Also, it is very complicated (if not impossible) to build one visual, one website, one dashboard, etc. for competitive analysis because some companies offer incentives on DCA, Direct Deposit, and so on. It's not an apples-to-apples comparison. This is not the Bible. However, what these visuals do show is that Strike is an incredible place to buy #bitcoin, especially if you’re doing more than a couple hundred bucks. We give you a lot of sats for your fiat and stair-step our way down in fees the more you Bitcoin with us in cumulative monthly volume which is super unique to Strike. We care a lot about offering you the most sats we possibly can. It’s not easy. If it were, everyone would do it, ya know?

Jack Mallers's profile picture
Jack Mallers2 years ago

As a reminder, this change will roll out over the next week starting tomorrow. Some of you will get it tomorrow, and some of you will get it in the coming days. If you ever have any issues, please reach out to us on Twitter or via Support, we're here to help. Thanks for being patient with us here, these things take a few days to fully roll out.

Jack Mallers's profile picture
Jack Mallers2 years ago

Lastly, thank you! As I mentioned, Strike is a business, and we would be nothing without you, our customer. Thank you all for your continued support, we love building #Bitcoin tools around the world for you. This is the first of three things we plan to launch this month in February. Next week we have a new region of the world, and after that, we have our brand new limits system. So, I'll talk to you soon. Much love!

Pledditor's profile picture
Pledditor2 years ago

@Strike The only problem with @Strike's spreads model was your marketing. It was highly deceptive and misrepresented the product you were selling. 👇

Jack Mallers's profile picture
Jack Mallers2 years ago

@Strike It was true at the time, we took it down when it became untrue. Nonetheless, I totally understand where you're coming from and own it. That's why we made the changes we did. Thanks for all of the feedback, @Pledditor

Magoo PhD's profile picture
Magoo PhD2 years ago

@Strike

Jack Mallers's profile picture
Jack Mallers2 years ago

@Strike Hahahaha waddup Magoo Which part is confusing?

👑 Epic Curious's profile picture
👑 Epic Curious2 years ago

@Strike Props to the @Strike team. This is great!

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