Strike vs BitGo

Strike (exchange and brokerage) and BitGo (dedicated custody) serve different corners of the Bitcoin ecosystem, but the question that matters most is the same: who controls the keys? The scores are close — Strike at 74/100 (B) and BitGo at 69/100 (B-). When the gap is this narrow, the details matter: custody model, single points of failure, and the fine print on fees.

Where Each Platform Wins

On custody and security, these two are within 0 points of each other (65 vs. 65). When custody scores are this close, look at the specifics: key management model, insurance coverage, and whether either platform has a single point of failure. On fees, Strike wins by 15 points. Strike charges ~0.3% spread compared to Custom at BitGo. Over a multi-year holding period, fee differences compound — a point worth considering for long-term accumulators.

The Custody Question

Neither Strike nor BitGo has fully eliminated single-point-of-failure risk. Strike uses Single Custodian and BitGo uses Qualified Custodian. Both models leave your bitcoin exposed to custodial concentration risk — if that one entity fails, your bitcoin could be locked, seized, or lost. For long-term holders, this is the most important factor to weigh.

Bottom Line

Strike edges out BitGo by 5 points. It's a close call, and the right choice depends on your specific situation — how much bitcoin you're holding, how often you need access, and whether you prioritize near-zero fees on some purchases. lightning-native. simple dca. over qualified custodian. hot, warm, and cold wallet options. $250m insurance.. Keep in mind these platforms target different audiences — Strike is built for beginners, while BitGo serves institutions. One thing to watch with BitGo: single institutional custodian. concentration risk at scale..