but you are also KYCd

Done ✅

Use onlyfake.

Still waiting here in S̵w̵e̵d̵e̵n̵ Switzerland

Bad ass!!!

Nothing yet in Italy... Can you give us your experience of use?

So far my experience has been smooth. I deposited a few tens of euros, converted them to bitcoin, and sent to my Phoenix wallet – all worked like magic for me. The fees are only a little bit higher than what Relai and Pocket offer (1.29% vs. 1.5%), but if you stack above €1k/months, the fee drops below 1%. Also, I found that Strike covers on-chain fees, so you can send bitcoin directly to cold storage.

Sorry, 1.69% vs 1.5%

Cool! Thanks 🤙

Do you consider those kyc free sats?

Absolutely not. You upload your ID when you sign up. It’s more like Revolut or Wise, but with cool bitcoin features.

So is sending sats via lightning considered selling? Like a taxable event?

You can stack direct to cold storage with #[4], instead of buying and then withdrawing.

No, sending sats between your wallets is never a taxable event. But for example sending some cash to a friend via Strike could be in theory considered as one because there’s a swap in the middle. But I hope it’s a taxable event for Strike, not for us simple users…

That would be interesting to know

But wait… isn’t it possible to send sats straight to a LN wallet by using fiat? Like not buy first than send sats. I mean send cash to a lightning wallet. That would mean conversion not on your taxable side but on strikes side

I think I was talking about the following situation: You deposit some cash to Strike and send it to a friend, say, in the US (as cash). If I understand Strike correctly, the transactions are so fast and cheap, because they first swap your cash into BTC, then send this BTC to the friend‘s Strike wallet via Lightning, where it gets immediately swapped back to cash (in this case dollars) and shows up in the cash tab. Now, this first swap is theoretically a taxable event for the friend (selling BTC) or, when the friend sends you some cash, it’s a taxable event for you.