Cryptocurrency Q&A
Is binance halal in Islam?｜Crypto in general is halah to buy, sell or keep as an asset, but for binance (or any other exchange) , so margin trading, futures, staking, defi staking, earn services, loans, dual investments , borrowing ALL are Haram, and binance in particular even for normal staking gives you the rewards + ...only spot trading is halal
Is binance halal in Islam?｜Crypto in general is halah to buy, sell or keep as an asset, but for binance (or any other exchange) , so margin trading, futures, staking, defi staking, earn services, loans, dual investments , borrowing ALL are Haram, and binance in particular even for normal staking gives you the rewards + ...only spot trading is halal
SapphireRider
Sat Jun 08 2024
|
5 answers
1123
Could you please elaborate on whether Binance is considered halal in Islam? It seems that Cryptocurrencies are generally acceptable for purchase, sale, or retention as assets. However, with regards to Binance or any other exchange, activities such as margin trading, futures, staking, DeFi staking, earn services, loans, dual investments, and borrowing are all considered Haram. Additionally, Binance specifically, even for normal staking, offers rewards which might raise some concerns. Is it correct to assume that only spot trading on Binance is halal?
5 answers
Claudio
Mon Jun 10 2024
Cryptocurrency, a revolutionary digital asset, has emerged as a disruptive force in the financial world. It leverages cutting-edge technology to facilitate secure and transparent transactions, challenging traditional financial systems. Its decentralized nature and immutable ledgers offer unprecedented levels of security and trust.
Was this helpful?
112
90
CryptoChieftainGuard
Sun Jun 09 2024
BTCC, a leading cryptocurrency exchange headquartered in the UK, offers a comprehensive suite of services tailored to meet the diverse needs of crypto enthusiasts. Its offering includes spot trading, futures contracts, and a secure wallet solution, all designed to simplify and enhance the crypto experience.
Was this helpful?
169
32
DigitalDragon
Sun Jun 09 2024
Spot trading on BTCC allows users to buy and sell cryptocurrencies at current market prices, providing instant liquidity and convenient access to the crypto market. Futures contracts, on the other hand, offer investors the opportunity to speculate on future price movements, hedging against potential risks or capitalizing on market trends.
Was this helpful?
347
48
Michele
Sun Jun 09 2024
The BTCC wallet is a secure and user-friendly storage solution for cryptocurrencies. It employs advanced encryption techniques and multi-factor authentication to safeguard users' assets against unauthorized access. With the wallet, users can easily manage their crypto holdings, send and receive funds, and stay updated on their portfolio's performance.
Was this helpful?
312
51
Dario
Sun Jun 09 2024
BTCC's commitment to excellence is evident in its robust infrastructure and continuous innovation. The exchange invests heavily in security measures, ensuring that transactions are protected from fraud and manipulation. Additionally, it regularly updates its services to incorporate the latest advancements in crypto technology.
Was this helpful?
183
71
