I'm looking at setting up some recurring Bitcoin purchases. I've been doing some research, and I'm interested in Swanbitcoin and Strike. I was wondering if anyone had any feedback or other recommendations.
Recurring availability:
- Swan offers daily, weekly, and monthly recurring purchases
- Strike offers recurring hourly, daily, weekly, and monthly purchases at no fee.
Strike gets the point here. The hourly purchases is pretty sweet.
Deposit & Purchase Fees:
Neither seem to charge a deposit fee if using ACH. I'm planning on creating a middle-man checking account, where I can setup auto deposits from my primary checking account, to provide me some protection from my main account.
- Swan charges .99% for BTC purchases
- Strike offers no fee for recurring purchases. There is .99% for the first week of purchase(s)
Strike gets the point. The 0 fee... too good to be true?
Withdrawal Fees and Minimum Withdrawal amounts:
- Swan charges no fees (beyond network fees) and auto-transfer to multiple addresses (minimum withdrawal amount of .0001 BTC)
- Strike charges no fees (beyond network fees) and auto-transfer to 1 address at specific balances (no minimum withdrawal amount)
Swan gets the point here. I like the idea of sending to multiple addresses.
Talk To Food LionI'm leaning towards Strike, just because of the 0 fees, otherwise it seems like either are capable of accomplishing my goals. If you have any other recommendations or feedback on these sites, I would appreciate your input.
Thanks!
Both Swan Bitcoin and Strike offer solid options for recurring Bitcoin purchases, but they cater to slightly different needs. Strike stands out with its hourly purchase option and zero fees for recurring purchases, making it an attractive choice for frequent buyers. However, Swan Bitcoin provides auto-transfer to multiple addresses, which could be beneficial for those managing multiple wallets.
One thing to consider is security and ease of useSwan offers additional authentication steps like Google Authenticator, while Strike focuses on seamless transactions. Some users on Reddit have pointed out that Strikes fee-free model raises questions about sustainability, but many still prefer it for its convenience.
If youre looking for low fees and frequent purchases, Strike might be the better choice. If you prefer more control over withdrawals and security features, Swan could be worth considering. Either way, using a middle-man checking account for added protection is a smart move!
