Sync Strike CSV Recap has a comprehensive integration with Strike that makes it easy to manage your crypto tax calculations. Import your Strike transaction history into Recap and automate your taxes. From 2026, tax authorities are widening the automatic reporting of crypto under frameworks such as the OECD's Cryptoasset Reporting Framework (CARF), so keeping an accurate record matters more than ever.
Disclaimer
The information provided in this content does not endorse Strike. Furthermore, it does not constitute tax advice. If anything financial or tax-related is unclear, speak to a qualified tax professional. You can also share your Recap account with your accountant or tax adviser directly.
Why Strike tax can be difficult to calculate manually
Strike is a Bitcoin-only payments app built on the Lightning Network, designed to feel like a money app rather than an investment account. That is exactly what makes its tax position easy to get wrong, because Bitcoin is a crypto asset and many everyday actions on Strike are disposals. A few things tend to trip people up:
Common pitfalls
- Spending or sending Bitcoin is a disposal. Paying someone, sending Bitcoin abroad, or buying something with it disposes of that Bitcoin at its value on the day, even though it feels like a payment rather than a sale.
- Lots of small payments add up. Fast, low-cost Lightning payments mean a regular user can build up a long list of little disposals over a year, each one needing to be valued and recorded.
- Recurring buys build the pool. Buying a fixed amount of Bitcoin on a schedule feeds the same cost-basis pool, and that running average is what each later disposal is measured against.
- Transfers are not disposals, but still have to be tracked.Moving Bitcoin to your own account is a transfer rather than a disposal, yet it has to be matched so it is not mistaken for a sale and so the cost basis follows the coins.
How to import your Strike data into Recap
Export your transaction history CSV from the Strike app and upload it to Recap, and we import your full history automatically, including your Bitcoin buys, sells, sends, receives and credits. Recap classifies and values every transaction with our fair-market valuation engine, works out which movements are disposals, and applies the tax rules for your jurisdiction.
How are Strike transactions taxed?
Tax treatment depends on the transaction type and where you are tax resident. Here is how the main Strike activities are generally treated:
Strike transaction types
| Transaction type | CGT disposal | CGT acquisition | Income |
|---|---|---|---|
| Deposits | CGT disposal: no | CGT acquisition: no | Income: no |
| Withdrawals | CGT disposal: no. Recap imports Strike withdrawals as transfers out, which are not disposals. Where Strike charges a bitcoin network fee on a send, that fee amount is itself treated as a disposal of BTC; fiat withdrawals are imported with a zero fee. | CGT acquisition: no | Income: no |
| Buying Bitcoin | CGT disposal: no. The fiat side of the purchase is not a chargeable asset, so no disposal arises; Strike's fiat purchase fee is also non-chargeable and is added to the bitcoin's acquisition cost. | CGT acquisition: yes. Bitcoin enters the pool at the fiat amount paid, with Strike's fiat fee included in the cost. | Income: no |
| Selling Bitcoin for fiat | CGT disposal: yes. Proceeds are the gross fiat received; Strike's fiat sale fee is treated as an allowable cost of the disposal. | CGT acquisition: no | Income: no |
| Spending or sending Bitcoin | CGT disposal: yes. Recap's default: a Strike 'Send' is imported as a withdrawal (a transfer out), which is not a disposal on its own; that is correct when you are moving bitcoin to your own account, and the bitcoin network fee is still disposed of. If the send was a payment or gift to someone else, recategorise it in Recap (for example as a Spend or Gift) so the full amount is treated as a disposal. | CGT acquisition: no | Income: no |
| Credits or rewards | CGT disposal: no | CGT acquisition: yes. Recap's default: bitcoin credits are imported as airdrops and enter the pool at zero cost for portfolios created after 6 April 2024 (market value at receipt for older portfolios). Configurable: the airdrop cost setting can be changed portfolio-wide or overridden on the individual transaction. | Income: no. Recap does not create an income event for airdropped amounts. If a credit should be treated as income, recategorise the transaction as Income in Recap. |
This table shows how Recap classifies each transaction type by default. Some treatments — such as the acquisition cost used for airdrops — are configurable in Recap. This is general information, not tax advice; consult a qualified tax professional about your circumstances.
This table shows Recap's default classification for common Strike transactions. It is not an exhaustive schedule or a ruling. Treatment depends on your circumstances and jurisdiction, and you can recategorise any transaction where yours differ. Confirm your position with a qualified tax adviser.
The point to remember with Strike is that spending or sending Bitcoin is a disposal, even though it feels like a payment, so it can create a capital gain or loss. Moving Bitcoin to your own account is a transfer rather than a disposal, and any credits or rewards received in Bitcoin are brought in as an acquisition at the value you receive them rather than as income, so tax only comes into play when you later dispose of them.
Refer to our tax guides for a more detailed look at crypto tax rules.
What's in your Strike tax report
Recap turns your full Strike history into a single tax report: capital gains, losses and income worked out under the rules for your jurisdiction, every Bitcoin payment and sale valued on the day it happened, transfers to your own accounts reconciled, and a clear year-by-year summary you can file yourself or hand straight to your accountant.
Common Strike tax challenges and how Recap solves them
Strike accounts produce a few recurring tax problems. Here is how Recap handles each one:
How Recap resolves them
- Payments that hide disposals. Spending or sending Bitcoin does not feel like a sale, but it is a disposal. Recap identifies each one and calculates the gain or loss automatically.
- A long list of small Lightning payments. Frequent micropayments are slow to value by hand. Recap prices each one at the point it happened, so none are missed.
- Recurring buys and cost basis. Scheduled purchases all feed the same pool. Recap pools them correctly so the cost basis behind each disposal stays accurate.
- Transfers to your own account. Recap matches Bitcoin you move to your own accounts so it is not mistaken for a taxable disposal, while the cost basis follows the coins.
- Missing historical data. Older Strike accounts can hold years of payments and buys. Recap combines your exports into a single tax position, so earlier activity is not overlooked.
Why Strike users choose Recap
Strike users often choose Recap because using Bitcoin as money creates disposals that are easy to miss: every payment, send and sale is a taxable event hiding inside what feels like a cash app. Rather than valuing a year of Bitcoin payments by hand, you can upload your Strike CSV and see your gains, losses and income reconciled in one report, ready to file or share with your accountant.
Whether Strike shares account data with HMRC is a separate question, and we answer it in does Strike report to HMRC.
