Is staking haram in Islam?

The rewards are typically distributed based on the amount staked and the duration of the staking period, aligning with the principle of fair distribution in Islam.

The concept of staking in the realm of cryptocurrency does not pose any Islamic concerns. It represents a structured methodology employed by cryptocurrency projects to allocate the privilege of appending blocks to the blockchain.

Moreover, staking does not involve any form of gambling or speculation, as the rewards are earned through legitimate participation in the network's consensus mechanism.

This process is rooted in a set of predefined rules, ensuring fairness and transparency. The IFG Fatwa Forum, a reputable authority, has succinctly addressed this matter, acknowledging its compatibility with Islamic principles.

BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of its users. Among these services is staking, which allows users to earn rewards by supporting the network.