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Author: Admin | 2025-04-28
I have recently started using Strike to buy Bitcoin using the existing pay feature (on wait list for the Buy Bitcoin Button). My original thought was the mining fee is less than the Cashapp fee when buying, but now I’m changing my mind. As a test, I purchased $5.15 Bitcoin on Cashapp to net 5 and received 12399 Sats. Purchased $5 on Strike and was charged mining fee of .09. In each instance, I bought $5 in Bitcoin. So on surface I feel like I got a better purchase on Strike. But Strike doesn’t display the Bitcoin price and when received, I only received 12,328 Sats. When calculated, I figure The Bitcoin price was 41,288.12 on Strike. So my real fee was in the range of .47 accounting for the price difference of Bitcoin. While I do like Strike and will check prices once my Buy Bitcoin button appears, I think I’m moving back Cashapp for now. I know my example is dealing in small amounts, but this was just a test. I would like to get other opinions on this and how others are DCA.
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