Living on Bitcoin in the US

Published: August 2023 | Last Updated: August 2023

The United States offers unique advantages for living on a Bitcoin standard, particularly through innovative services like Strike's bill pay feature. This guide will show you how to leverage these tools for a seamless Bitcoin-native lifestyle.

Strike's Bill Pay: Your Gateway to Bitcoin Living

Strike has revolutionized Bitcoin living in the US by enabling direct bill payments from your Bitcoin savings. Here's how to utilize this game-changing feature:

  1. Download Strike and complete KYC verification
  2. Connect your bills through the bill pay feature
  3. Set up automatic payments using Lightning Network
  4. Pay major utilities, credit cards, and loans directly with Bitcoin

Key Strike Features

  • Zero fees for bill payments
  • Instant Lightning Network transactions
  • Direct deposit integration
  • Automated payment scheduling

US-Specific Bitcoin Strategy

Beyond Strike, create a comprehensive Bitcoin living strategy:

Tax Optimization

  • Annual tax harvesting up to $3,000 in losses
  • Long-term capital gains rates (hold > 1 year)
  • Self-directed Bitcoin IRAs for tax-advantaged saving
  • Keep detailed records using tools like Koinly or CoinTracker

Daily Living Strategy

Monthly Bill Management

Optimize your Bitcoin spending with this hierarchy:

  1. Direct bill pay through Strike
  2. Bitcoin rewards cards for other expenses
  3. Lightning Network for small purchases
  4. Gift cards through BitRefill for major retailers

Emergency Fund Strategy

Maintain financial security while staying Bitcoin-native:

US Banking Integration

  • Bitcoin-friendly banks: Silvergate, Signature
  • Credit unions supporting crypto transactions
  • Multiple fiat on/off ramps
  • ACH backup payment options

Investment Considerations

Optimize your Bitcoin position within US regulations:

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Conclusion

The US offers unique advantages for Bitcoin living through services like Strike's bill pay and a maturing ecosystem of Bitcoin-native financial services. With proper planning and the right tools, maintaining a Bitcoin standard lifestyle is increasingly practical for US residents.