I feel like the sentiment around Strike has been very positive. No purchase or withdrawal fees for on chain transactions, sounded pretty good. I decided to sign up last month to see about moving my DCA to the platform, it sounded very easy to use. I signed up, did the KYC, and found that all I could deposit was… $10USD per 14 days. How in the hell is that useful at all? I DCA much more than that, so this is clearly not going to cut it.
I reached out to support, they said that their algorithm would increase my deposit limit at “some point”, depending on the usage levels of my account. They were not able to manually increase the limit.
For me, this service was effectively rendered useless. Wondering if I’m the only one with a similar mindset and/or experience? Maybe I’ll try it again later, but I don’t see much reason to at this time. Can anyone convince me otherwise?