Import your Strike transaction history to Recap and automatically calculate your UK crypto taxes. We apply HMRC's share pooling and matching rules to generate tax-ready reports.
Disclaimer: The information provided in this content does not endorse Strike. Furthermore, it does not constitute tax advice. If you are uncertain about any financial or tax-related matters, we strongly recommend seeking guidance from a qualified tax professional.
What is Strike?
Strike is a Bitcoin-focused payments app that allows users to buy, sell, send, and receive Bitcoin. Built on the Lightning Network, Strike offers fast and low-cost Bitcoin transactions, making it popular for everyday payments and cross-border transfers.
Strike taxes in the UK
If you use Strike in the UK, you may need to pay Capital Gains Tax when you dispose of Bitcoin (for example: selling for GBP, spending Bitcoin, or gifting to someone other than a spouse/civil partner).
Lightning payments
Spending Bitcoin via Lightning is typically a disposal for CGT purposes, as you're exchanging Bitcoin for goods or services.
How to import your Strike transactions to Recap
Export your transaction history CSV from the Strike app and upload it to Recap. We automatically classify each transaction, apply fair-market valuations, and calculate your tax liability using HMRC's share pooling and matching rules.
How are Strike Transactions Taxed?
UK tax treatment depends on the transaction type. Selling or spending Bitcoin is subject to Capital Gains Tax. Credits and rewards received as Bitcoin may be taxable depending on the circumstances.
| Transaction type | CGT | Income | Tracked in Recap |
|---|---|---|---|
| Fiat deposits | |||
| Fiat withdrawals | |||
| Bitcoin purchases | |||
| Bitcoin sales | |||
| Bitcoin sends | |||
| Bitcoin receives | |||
| Credits (rewards) |
Refer to our UK tax guide for a more detailed look at crypto tax rules.
Tax information is general guidance and may not reflect your circumstances. If you're unsure, speak to a qualified tax adviser.
Does Strike report to HMRC?
Strike is a US-based company. While Strike may share information with tax authorities where legally required, UK users are responsible for accurately reporting their crypto transactions to HMRC.
From 1 January 2026, UK cryptoasset service providers have new reporting obligations under UK's cryptoasset reporting rules. Using a crypto tax calculator like Recap ensures you're reporting correctly and staying compliant with HMRC requirements.