Strike releases auto-withdrawals \ stacker news ~bitcoin

I just received this mail:

Simplify self-custody

Hey ek, we’re excited to announce a new feature that rounds out our suite of automation tools – bitcoin auto-withdrawals!

At Strike, we’ve always empowered self-custody, especially with our free bitcoin withdrawals. Now we’re taking it a step further with auto-withdrawals – a free and effortless way to secure your bitcoin into cold storage.

Total flexibility

You can whitelist as many addresses as you want, specify an exact threshold, and even cancel an auto-withdrawal after it’s queued (but before it’s confirmed). Easily edit, pause, or entirely remove your setting any time.

No fees

The flexible on-chain delivery tier you’ve come to know and love applies to auto-withdrawals too, so you can keep more of your bitcoin.

Ease of automation

Combine auto-withdrawals with DCA and Target Orders to automate your entire bitcoin journey from depositing to buying to custodying.

Ready to get started?

Go to your Account page from the avatar icon in the upper right

Scroll down to the “Settings” section and tap “Bitcoin”

Select “Auto-withdrawal”

Toggle to enable auto-withdrawals

Set your desired bitcoin balance threshold

Add one or more Bitcoin addresses

Your auto-withdrawal will trigger when your available bitcoin balance reaches your threshold, and your entire bitcoin balance will be withdrawn.

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301 sats \ 0 replies \ @j7hB75 5h

I really like this. However, you would have to remain vigilant in regards to remembering to supply more withdrawal addresses as to not auto deposit to the same address more than once. Would be cool if they added a feature to pause and alert users when auto withdraw addresses have been all used up.

42 sats \ 0 replies \ @0xbitcoiner 5h

56 sats \ 0 replies \ @Aardvark 5h

I get nervous when my money is automated, especially bitcoin. I'm not saying it won't work, but I prefer a much more hands on approach.

If I'm doing it I can double and triple check the address before clicking send.

32 sats \ 0 replies \ @DesertDave 4h

Nice.

27 sats \ 0 replies \ @nym 3h

That is really nice.

46 sats \ 0 replies \ @LowK3y19 4h

Strike is where it’s at

11 sats \ 0 replies \ @Msd0457890 3h

It's an excellent application, I've been using it for a long time and I think it's great that they're updating it.

0 sats \ 0 replies \ @Rothbardian_fanatic 2h

Just askin' for a friend. Who, in their right mind, would allow any organization to auto-withdrawal anything? I begs the question of those, known as mistake prone, organizations making off with your BTC. Personally, I would not even consider it.

0 sats \ 0 replies \ @OT 2h

With white listing addresses, will they send to a new address each time?