Strike Bill Pay: A Deep Dive

 

 

 

 

 

 

Start With the Foundation: Bitcoin is Savings Technology

 

If you’ve spent any time in this space, you’ve probably heard the phrase: Bitcoin is savings technology. That’s because Bitcoin solves a very specific problem—the inability of fiat to hold value over time.

 

Here’s the reality:

  • Every dollar you hold in a bank account is being debased, slowly (or sometimes rapidly) losing its purchasing power.
  • Inflation might be “only” 3-4% a year right now (if you believe the official numbers), but that adds up. Over a decade, that $10,000 in savings doesn’t just stagnate—it sublimates.

 

Bitcoin fixes this.

  • Bitcoin is scarce, decentralized, and deflationary.
  • It’s not controlled by governments or central banks, and its supply is capped at 21 million. No one can “print” more Bitcoin.

 

If you’re holding fiat in a savings account, you’re playing a game you can’t win. Bitcoin is the better tool for preserving value over time.

 

 

 

Why Savings First?

 

Before looking at how you spend, it’s worth considering where you’re storing your wealth. If your savings are sitting in fiat, they’re slowly losing purchasing power over time—that’s just how the system works.

 

Bitcoin offers an alternative: a way to protect your wealth in something scarce and reliable. Once you’ve addressed that piece—and your savings are no longer being held in melting fiat—you might start asking: What about the money in my checking account?

 

That’s where Strike Bill Pay comes in. It’s a simple, practical tool that connects your Bitcoin savings to the everyday expenses you still need to handle in fiat, removing the need to hold fiat to pay fiat bills.

 

 

 

The Spending Problem: Why a Bridge is Necessary

 

Here’s where things get practical. Even if you’re saving in Bitcoin, you still live in a world where bills—rent, mortgages, utilities, credit cards—are denominated in fiat.

 

What do you do?

  • You could hold some fiat in your bank to cover bills, but now you’re back to the problem of fiat exposure.
  • You could convert Bitcoin to fiat every time you need to pay something, but trust me when I say that manual process is tedious and time consuming.

 

This creates a gap:

Bitcoin is where you want to save your wealth.

Fiat is where you still need to spend your wealth.

 

You need a bridge.

 

Strike Bill Pay is that bridge. It lets you hold your value in Bitcoin while seamlessly paying fiat-denominated bills. No headaches, no extra steps, and no need to rely on a traditional bank account.

 

 

 

How Strike Bill Pay Works (It’s Simpler Than You Think)

 

Here’s the beauty of Strike: it integrates directly into the traditional system without requiring you to deal with it.

 

Here’s how it works:

 

Strike Provides a Standard Bank Account

  • When you open a Strike account, you get a routing number and an account number tied to Cross River Bank. It works exactly like a regular checking account.

 

You Set Up Bill Payments

  • For any bill that allows automatic payments, simply enter the Cross River Bank routing/account number Strike gives you. Your mortgage, utilities, subscriptions—these can all pull funds automatically from Strike.
  • For bills you pay manually (like credit cards), add the Strike-provided account as an external payment source. When you go to make a payment, simply select that account as the funding source.

 

Strike Converts Bitcoin to Fiat on the Backend

  • You don’t have to worry about manually selling Bitcoin for fiat. When the bill gets paid, Strike automatically sells the exact amount of Bitcoin needed to cover the payment.

 

It’s seamless. You save in Bitcoin and Strike handles the fiat side when you need it.

 

 

 

Start Small: Test the Waters, Then Scale

 

Now, I get it—this might sound like a big leap if you’re new to the idea of using Bitcoin. You don’t need to move all your bills over to Strike at once.

 

Start small.

  • Pick one bill—something low-stakes, like a utility payment or a monthly subscription.
  • Add your Strike-provided account as the payment source.
  • Let it run.

 

What happens?

  • Your bill gets paid.
  • You experience how smooth the process is.
  • You start seeing the benefit of holding Bitcoin without having to juggle fiat for bills.

 

Why Start Small?
This isn’t about forcing you to flip a switch overnight. It’s about building comfort with tools that let you take control of your money. When you see how simple it is, you may find you'll want to scale up.

 

 

 

Strike’s Fee Tiers: Low Costs That Get Even Lower

 

One of the practical benefits of using Strike is its straightforward fee structure. Strike charges a standard 0.99% fee when converting Bitcoin to fiat and vice-versa. But here’s where it gets interesting: the more you use the service, the lower your fees become.

 

Strike’s fee tiers are designed to reward activity:

  • The more you deposit and spend through Strike, the closer you get to a lower fee tier.
  • Regular bill payments, purchases, and deposits all contribute toward lowering your fee rate.

 

Why It Matters:
When you’re living on Bitcoin—covering bills, expenses, and purchases—those fees can add up. Strike incentivizes regular usage by giving you a clear path to reducing costs. The result? Your bill-paying process becomes not only seamless but also more efficient and cost-effective over time.

 

If you’re managing everything—mortgage, utilities, credit cards—through Strike, it’s likely you’ll hit lower tiers quickly, making the service even more competitive.

 

 

 

For Bitcoiners: Completing the Savings-to-Spending Loop

 

If you’re already holding Bitcoin as savings, Strike Bill Pay is the final piece. It lets you operate entirely in Bitcoin while still managing your fiat-denominated obligations.

 

Here’s why it matters:

  • Opting Out: If the majority of your wealth is in Bitcoin, why leave even a small amount in a checking account? Strike eliminates the need for that fiat buffer.
  • Automation and Ease: Bills that pull automatically? Easy. Manual payments? Just as simple.
  • Seamless Spending: No awkward conversions, no multiple steps. Strike lets you “spend Bitcoin” without all the extra steps.

 

It’s the bridge that completes the Bitcoin-first financial strategy.

 

 

 

Flexibility: Adjust Your Strategy as Conditions Change

 

One of the best parts about Strike is that it’s flexible. If you feel the need to keep some fiat on the side, it’s as simple as pressing a few buttons.

  • Bull Market Strategy: Hold Bitcoin all month, let it appreciate, and let Strike convert as bills are due.
  • Bear Market Strategy: If you’re cautious, hold fiat in Strike temporarily and stack sats with what’s left at the end of the month.

 

Strike gives you the tools to adapt your strategy—no friction, no complexity.

 

 

 

Taxes: How Strike Simplifies Year-End Reporting

 

When using Bitcoin to pay bills, it’s important to understand the tax implications. In the United States, Bitcoin is considered property by the IRS. This means that any time Bitcoin is converted to fiat (like when Strike pays a bill for you), it’s a taxable event.

 

Here’s how it works:

  • If the value of your Bitcoin has increased since you acquired it, you owe capital gains taxes on the difference (the “gain”) when it’s converted to fiat to pay a bill.
  • If there’s no appreciation—or if you’re converting at a loss—there’s no capital gain to tax.

 

Example:

  • You bought $500 worth of Bitcoin.
  • When it’s time to pay a bill, that Bitcoin is now worth $600.
  • If you use Strike to pay the bill, you’ll only owe capital gains taxes on the $100 gain.

 

Conversely:

  • If you bought $500 worth of Bitcoin, and by the time you use it to pay a bill, it’s worth $450, you can report a capital loss instead.

 

How Strike Helps:
Strike simplifies this entire process by providing:

  • Year-End Tax Documents: Strike generates clear reports showing each transaction.
  • Easy Access: These tax documents can be downloaded directly from the Strike app, making it easy to share them with your accountant or upload them to tax software.

 

Why This Matters:
Keeping track of Bitcoin transactions manually can feel overwhelming. With Strike, all the reporting is done for you, so you can stay compliant without stress. Whether you’re dealing with gains, losses, or flat conversions, Strike helps you navigate taxes with transparency and simplicity.

 

 

 

Bringing It All Together

 

Bitcoin is savings tech. It fixes the root problem—where you store your wealth.

 

Strike Bill Pay is the tool that lets you:

  • Save in Bitcoin without compromise.
  • Pay fiat bills seamlessly without relying on a traditional bank.
  • Start small, test the waters, and scale at your own pace.

 

 

 

Final Thought: Build the Future, One Bill at a Time

 

Here’s my challenge to you:

  • Pick one bill.
  • Add your Strike-provided account as the payment source.
  • Run it for a month and see how it feels.

 

You don’t need to jump in all at once. But as you experience the benefits— no friction, and no headaches—you might find yourself wondering: Why don't I use this for all my fiat needs?

 

Strike Bill Pay isn’t about forcing change. It’s about offering you tools that work better. Save in Bitcoin, spend seamlessly, and start building a future where your money works for you—not against you.

 

 

Block 875215 - MSK 943

 

 

 

Digging Deeper:

 

Hey there, I hope you enjoyed this read! If you did, and would like to read more of my barks, follow the links below!

 

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...Woof!