{"id":665370,"date":"2025-04-26T15:53:02","date_gmt":"2025-04-26T19:53:02","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?p=665370"},"modified":"2025-04-26T15:53:12","modified_gmt":"2025-04-26T19:53:12","slug":"strike-bitcoin-backed-loans","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2025\/04\/26\/strike-bitcoin-backed-loans\/","title":{"rendered":"Strike Bitcoin- Backed Loans"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Strike offers market-leading rates, fees, and terms for bitcoin-backed loans.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Loan terms:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Loan term:<\/strong>\u00c2\u00a012-months<\/li>\n\n\n\n<li><strong>Principal amount:<\/strong>\u00c2\u00a0Minimum $100,000 loan, maximum $2,000,000 loan<\/li>\n\n\n\n<li><strong>Interest rate:<\/strong>\u00c2\u00a0Starting at 12% APR*<\/li>\n\n\n\n<li><strong>Loan types:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Payment at Maturity:<\/strong>\u00c2\u00a0Principal and interest repaid in a single payment at maturity<\/li>\n\n\n\n<li><strong>Monthly Payments:<\/strong>\u00c2\u00a0Interest paid monthly, principal repaid at maturity<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Maximum initial LTV:<\/strong>\u00c2\u00a050%<\/li>\n\n\n\n<li><strong>Interest accrual:<\/strong>\u00c2\u00a0Daily<\/li>\n\n\n\n<li><strong>Loan closure:<\/strong>\u00c2\u00a0Available on demand 60 days after opening loan<\/li>\n\n\n\n<li><strong>Origination fee:<\/strong>\u00c2\u00a00%<\/li>\n\n\n\n<li><strong>Early repayment fee:<\/strong>\u00c2\u00a00%<\/li>\n\n\n\n<li><strong>Late payment fee:<\/strong>\u00c2\u00a00% (10-day grace period for failed payments)<\/li>\n\n\n\n<li><strong>Liquidation fee:<\/strong>\u00c2\u00a00.99% of the liquidated amount, applied in case of collateral liquidation due to critical LTV thresholds or failed payments<\/li>\n\n\n\n<li><strong>Strike fee:<\/strong>\u00c2\u00a0Monthly and maturity payments from your bitcoin balance incur standard\u00c2\u00a0<a href=\"https:\/\/strike.me\/faq\/what-are-the-bitcoin-trading-fees-on-strike\/\">bitcoin trading fees<\/a>, and will count towards your monthly trading volume.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Payment at Maturity loans have an effective interest rate of 13% APR due to the monthly compounding effect on the deferred interest payments.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strike offers market-leading rates, fees, and terms for bitcoin-backed loans. Loan terms: Payment at Maturity loans have an effective interest rate of 13% APR due to the monthly compounding effect on the deferred interest \u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_ek_photo_artist_note":"","_ek_photo_thesis":"","_ek_photo_camera":"","_ek_photo_place":"","_ek_photo_human_moment":"","_ek_photo_sequence":"","_ek_photo_question":"","_ek_photo_canonical_claim":"","_ek_photo_ai_summary":"","_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17],"tags":[],"class_list":["post-665370","post","type-post","status-publish","format-standard","hentry","category-posts"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/665370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/comments?post=665370"}],"version-history":[{"count":1,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/665370\/revisions"}],"predecessor-version":[{"id":665371,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/665370\/revisions\/665371"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=665370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=665370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=665370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}