FAQ

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Tax reporting

How are taxes handled at Strike?

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.

© 2024 NMLS ID 1902919 (Zap Solutions, Inc.)

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