{"id":4880,"date":"2021-07-02T22:28:17","date_gmt":"2021-07-02T21:28:17","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=4880"},"modified":"2021-07-02T22:28:54","modified_gmt":"2021-07-02T21:28:54","slug":"strike-offers-a-no-fee-bitcoin-trading-for-its-u-s-based-users","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/strike-offers-a-no-fee-bitcoin-trading-for-its-u-s-based-users\/","title":{"rendered":"Strike offers a no-fee Bitcoin trading for its U.S. based users"},"content":{"rendered":"\n
Jack Mallers has said that buying and selling Bitcoin<\/a> on the Strike platform will be free for its U.S. consumers while pointing at the outrageous fee of Coinbase and calling it “asinine.”<\/h5>\n\n\n\n
\"Strike<\/figure><\/div>\n\n\n\n

Strike, a payment platform, has announced that from today, U.S. consumers will be able to purchase and sell Bitcoin with nearly no trading fees.<\/p>\n\n\n\n

Strike founder and CEO Jack Mallers\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> fired a volley at prominent U.S. cryptocurrency exchange Coinbase in a July 1 statement, claiming that his site will be the “cheapest and easiest place on the earth to obtain BTC.”<\/p>\n\n\n\n

Strike will now compete directly with Square, founded by Jack Dorsey, and PayPal, which will begin delivering crypto assets to U.S. clients in November 2020.<\/p>\n\n\n\n

According to the release, the corporation has introduced the “Bitcoin Tab,” which allows users to buy Bitcoin on Strike for “no fee outside of the market spread.”<\/p>\n\n\n\n

The Chicago-based payments firm indicated that it would impose a maximum \u201cexecution cost\u201d of roughly 0.3 percent for brokering BTC deals, with the goal of lowering that to below 0.1 percent as demand climbs in the coming months.<\/p>\n\n\n\n

A well-known trading app In some states, Robinhood also offers commission-free crypto trading. During the first two months of 2021, more than 6 million new consumers purchased cryptocurrency on the site.<\/p>\n\n\n\n

Mallers is taking direct aim at Coinbase<\/a> with the move, calling the company's exorbitant trading costs “asinine.” He noted that Coinbase generated $1.8 billion in sales in the first quarter of 2021, with a profit of $771 million, 94% of which came from fees as high as 3%.<\/p>\n\n\n\n

He slammed the exchange's free freebies, which reward customers with a few dollars worth of cryptocurrencies in exchange for watching movies.<\/p>\n\n\n\n

\u201cMake no mistake, when you buy Bitcoin on Coinbase, you are supporting shitcoins.\u201d<\/p><\/blockquote>\n\n\n\n

There was also a jab at PayPal, which he said had lately increased costs across the board, charging sellers 3.49%+ $0.49 to process cryptocurrency transactions.<\/p>\n\n\n\n

Mallers went on to say that the goal is to drive market prices as low as possible, which is consistent with Bitcoin's ethos.<\/p>\n\n\n\n

\u201cOur mission is to secure financial freedom for all, and we won\u2019t stop until we do so for all 8 billion people on the planet.\u201d<\/p><\/blockquote>\n\n\n\n

Strike has partnered with the government of El Salvador<\/a> to help with its Bitcoin adoption rollout, according to Cointelegraph.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jack Mallers has said that buying and selling Bitcoin on the Strike platform will be free for its U.S. consumers while pointing at the outrageous fee of Coinbase and calling it “asinine.” Strike, a payment platform, has announced that from today, U.S. consumers will be able to purchase and sell Bitcoin with nearly no trading […]<\/p>\n","protected":false},"author":12,"featured_media":4883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[152,150,1086,1085],"class_list":["post-4880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-coinbase","tag-jack-mallers","tag-strike"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/Strike-offers-a-no-fee-Bitcoin-trading-for-its-US-based-users.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/4880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=4880"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/4880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/4883"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=4880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=4880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=4880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}