FAQ

|

Bitcoin-backed loans

Can I access my collateral once my loan is opened?

Yes. There are three ways to access your bitcoin collateral once you have opened your loan:

1. Retrieve collateral early (partial release)

You can retrieve a portion of your bitcoin collateral during your loan, as long as your loan meets these criteria:

  • Your loan is more than 60 days old
  • Your current LTV is 40% or lower
  • Your LTV after the retrieval stays below 50%

If eligible, you can initiate a collateral retrieval by visiting your Cash screen and following these steps:

  1. Tap your LTV Tracker to open your Loan Center
  2. Scroll to the bottom and tap “Retrieve collateral”
  3. Follow the on-screen steps to confirm the amount you want to retrieve

Once confirmed, your bitcoin will be instantly credited to your Strike bitcoin balance and is available for withdrawal at any time.

2. Close your loan early

If you want to repay your loan in full before the maturity date, you can close your loan after 60 days. This involves paying your full remaining principal and accrued interest using your cash balance or by liquidating bitcoin from your collateral. Your full collateral is returned to your bitcoin balance within 1 business day.

Please note, making an early payment of 100% of your loan principal does not automatically return your collateral. You must either close your loan or retrieve collateral through the Loan Center to access your bitcoin before your maturity date.

3. Repay your loan at maturity

On your loan's maturity date, the outstanding principal and interest will be automatically deducted from your selected payment source, which can be changed at any time. Your loan’s remaining collateral will be returned to your bitcoin balance within 1 business day of repayment.

© 2025 NMLS ID 1902919 (Zap Solutions, Inc.)

All in on bitcoin.

Strike

BitcoinBill PayLendingPaymentsSend GloballyBusinessAPI

Platform