How to buy Strike (STRK) in Australia

A beginner's guide to buying and selling STRK in Australia.

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How to buy Strike

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Strike.

  1. Open an account on an exchange that supports STRK.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Strike.
  3. Buy Strike.
    Complete your Strike purchase and then find the best wallet to store STRK.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Strike?

STRK is the native governance and utility token of Strike, a decentralised finance (DeFi) platform, launched by Spend.com. There is no team or founders behind Strike. The protocol is operated completely by the community, which means it is entirely decentralised. According to the whitepaper, Strike is a lending platform that enables users to earn interest on cryptocurrency holdings by depositing them into one of the several markets listed on the platform. It also allows borrowers to take secured loans from a Strike pool by keeping a deposit of cryptocurrencies as collateral.

The STRK token is used as a reward mechanism within the ecosystem. It was built and deployed directly on the Ethereum blockchain and follows the ERC-20 token standard. The tokens were made available to holders and users of the platform through distribution. Since there was no official team to govern supply, the supply of tokens is mined by users themselves. To mine the token, the protocol distributes 50% of the coins to suppliers and the other 50% to the borrowers. The distribution ratio is computed using the borrow sizes of all respective markets.

Strike (STRK) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of Strike is $58.63, which is 0.604% higher than yesterday. Prices have ranged between $59.6 and $57.04 over the past 24 hours. All prices are listed in US dollars and accurate as of September 20, 2021 10:09 UTC.

Where to buy Strike

Find an exchange to buy, sell and trade STRK by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

255
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
OKEx Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

269
cryptocurrencies

Promo: Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
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Strike at a glance

Information last updated September 20, 2021 10:09 UTC.
Coin symbolSTRK
Total STRK supply6,540,888
Current priceUS$58.63
All time highUS$105.33
All time high dateApril 12, 2021

Strike price performance over time

Historical prices compared with the price of US$58.63.

1 hour 1.96%
24 hours 0.60%
7 days -1.90%
14 days -16.08%
30 days 3.30%
60 days 65.24%
200 daysN/A
1 yearN/A

How to sell Strike

You can cash out your STRK with the same exchange you bought it through:

  1. Sign in to the exchange you have STRK on.
    If you store your Strike in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of STRK you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Strike.

What to consider when buying Strike

While investing in cryptocurrencies often seems like a lucrative and profitable opportunity, it is important to remember that they are highly volatile and risky assets. Thus, here are the factors you must keep in mind before investing your funds in STRK:
  • Supply. The token has a maximum supply of 6.54 million. The initial supply at launch was 3 million. The remaining 3.5 million are now being mined by users through liquidity farming incentives on the platform.
  • sTokens. The protocol can mint new tokens that are pegged to an underlying asset. These are referred to as sTokens, for example, sUSDT, which is pegged to Tether (USDT). The purpose of sTokens is to denote the proportional value of the underlying asset deposited within the Strike ecosystem. The underlying asset can be redeemed at any given time. sTokens are fully transferable across Ethereum wallets and applications.
  • Yields. To ensure the functioning of Strike is autonomous, there is a yield curve rate mechanism that dictates the supply and borrowing rates. It is based on the supply and demand of tokens listed on the platform.
  • Collateral and reserve factors. Each digital asset market has a collateral factor and reserve factor that are initially set by smart contracts and then controlled by a governance process. The collateral factor dictates how much a user can borrow against how many digital assets a user holds as collateral. Similarly, the reserve factor calculates a small percentage fee charged to stay within the protocol. This is held to ensure protocol security and upkeeping.

Disclaimer: Cryptocurrencies, including Strike, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of STRK is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Strike or any other cryptocurrency discussed.

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