Strike lets you buy, sell, send, receive, and save bitcoin. Certain transactions involving bitcoin may be taxable, such as selling bitcoin or using bitcoin to pay for goods and services. If you have any such taxable transaction throughout the year, Strike will issue your necessary tax documents in late January or early February for the previous year.

At any time you can access your ongoing transaction history or your previous years’ tax documents in the app by visiting your Account screen, then tapping Documents. You can also download a CSV file via your web-based Strike Dashboard.

The Strike app lets you enjoy certain benefits of Bitcoin, without needing to hold, sell, or spend bitcoin:

• Sending globally: Send Globally lets you send cash payments using the Lightning network, to be delivered as foreign currency, with neither you nor your recipient ever holding bitcoin.
• Shopping: In the Strike app you can Shop with Lightning to purchase gift cards, eSIMs, or phone refills via the Bitcoin Lightning Network using your cash balance
• Sending: You can send cash to Lightning invoices, Lightning addresses, or on-chain Bitcoin addresses, and the funds will be delivered as bitcoin
• Receiving: You can receive cash transactions via the Bitcoin or Lightning Networks, with the funds sent as bitcoin and received to your cash balance.

Please note, as part of evolving tax reporting requirements for Tax Year 2025, new guidelines may impact how on-chain transaction fees are treated for tax purposes. While the industry is still working to align on best practices, Strike is actively evaluating these changes to ensure compliance while prioritizing your interests. We’re committed to providing clear guidance as soon as our approach is finalized. In the meantime, we recommend consulting a tax professional to understand how these evolving regulations may apply to your situation.

Additionally, Strike offers free on-chain withdrawals, including free auto-withdrawals, which are exempt from potential taxable events related to on-chain fees.