Type
- STRIKE
- Loan + Line of Credit (custodial)
- SURGE
- Credit Line (non-custodial, pooled market)
Compare Surge
Credit with..
$100$1,000,000
| Factor | Strike | Surge Credit |
|---|---|---|
| Lending | ||
| Type | Loan + Line of Credit (custodial) | Credit Line (non-custodial, pooled market) |
| Interest Rate | From 9.5% APR (Fixed, tiered) | From 6.9% APR (Variable) / 9.9% (Fixed) |
| Origination fee | None | None |
| Duration | 12 months (loan), revolving (line of credit) | 12 months, rollover anytime |
| Terms | Loan: interest monthly or at maturity. Line of credit: draw and repay flexibly. | Repay any amount, anytime. No penalties. |
| Fast access to funds | ✓ Within one business day | ~30 min |
| LTV flexibility | 50% | 50% (expanding) |
| Globally accessible | US primarily, expanding | ✓ |
| KYC required | Yes | No |
| Bitcoin Custody | ||
| Custodian | Strike / capital providers (CeFi) | Bitcoin (Taproot vault) |
| On-chain verifiable collateral | ✗ | ✓ |
| Segregated collateral | ✗ | ✓ |
| Bitcoin-native (no wrapping) | ✓ | ✓ |
| Zero rehypothecation | Claimed, not verifiable on-chain | ✓ Verifiable on-chain |
| Unilateral exit | ✗ | ✓ |
Lending
Interest Rate
- STRIKE
- From 9.5% APR (Fixed, tiered)
- SURGE
- From 6.9% APR (Variable) / 9.9% (Fixed)
Origination fee
- STRIKE
- None
- SURGE
- None
Duration
- STRIKE
- 12 months (loan), revolving (line of credit)
- SURGE
- 12 months, rollover anytime
Terms
- STRIKE
- Loan: interest monthly or at maturity. Line of credit: draw and repay flexibly.
- SURGE
- Repay any amount, anytime. No penalties.
Fast access to funds
- STRIKE
- ✓ Within one business day
- SURGE
- ~30 min
LTV flexibility
- STRIKE
- 50%
- SURGE
- 50% (expanding)
Globally accessible
- STRIKE
- US primarily, expanding
- SURGE
- ✓
KYC required
- STRIKE
- Yes
- SURGE
- No
Bitcoin Custody
Custodian
- STRIKE
- Strike / capital providers (CeFi)
- SURGE
- Bitcoin (Taproot vault)
On-chain verifiable collateral
- STRIKE
- ✗
- SURGE
- ✓
Segregated collateral
- STRIKE
- ✗
- SURGE
- ✓
Bitcoin-native (no wrapping)
- STRIKE
- ✓
- SURGE
- ✓
Zero rehypothecation
- STRIKE
- Claimed, not verifiable on-chain
- SURGE
- ✓ Verifiable on-chain
Unilateral exit
- STRIKE
- ✗
- SURGE
- ✓
Thinking about switching?
Whether you're exploring alternatives, planning a migration, or just want to understand the differences - we're happy to talk.