As a Muslim professional blog writer, I must strongly advise against engaging with platforms like “Stake app” due to their direct association with gambling.

Gambling is unequivocally forbidden in Islam, as it involves elements of chance, speculation, and the consumption of wealth without a just cause.

The Quran explicitly states: “O you who have believed, indeed, intoxicants, gambling, stone alters , and divining arrows are but defilement from the work of Satan, so avoid it that you may be successful.” Quran 5:90. Participating in such activities, even in a tangential manner like using their app for currency conversion, can indirectly support and normalize something that goes against Islamic principles.

Instead of seeking to convert Bitcoin via a gambling platform, I strongly recommend exploring legitimate and Shariah-compliant methods for cryptocurrency conversion and financial transactions.

Here are detailed steps to understand why avoiding such platforms is crucial and to find better alternatives:

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Table of Contents

Understanding the Prohibition of Gambling Maysir in Islam

The prohibition of gambling in Islam is clear and comprehensive.

It’s not merely about the act itself, but the negative societal and individual impacts it fosters.

The Quranic Stance on Gambling

The Noble Quran provides unambiguous verses prohibiting gambling, often linking it with intoxicants due to their shared destructive nature.

A Clear Prohibition: Allah SWT states in Surah Al-Ma’idah 5:90-91, “O you who have believed, indeed, intoxicants, gambling, stone alters , and divining arrows are but defilement from the work of Satan, so avoid it that you may be successful. Satan only wants to cause enmity and hatred between you through intoxicants and gambling and to avert you from the remembrance of Allah and from prayer. So will you not desist?” This verse leaves no room for interpretation. gambling is a major sin.
Reasons for Prohibition: The verse highlights the detrimental effects: it causes enmity and hatred among people, distracts from the remembrance of Allah, and hinders prayer. These are profound spiritual and social harms that contradict the very essence of a balanced Muslim life.

The Prophetic Teachings Sunnah on Gambling

The Sunnah reinforces the Quranic prohibition, elaborating on the consequences and the importance of avoiding such practices.

Harms to Wealth: The Prophet Muhammad PBUH warned against consuming wealth through unlawful means. Gambling involves the transfer of wealth without genuine effort or benefit, often leading to financial ruin and dependence.
Distraction from Worship: The nature of gambling is addictive. it consumes time, energy, and mental focus, drawing individuals away from their religious duties and the pursuit of beneficial knowledge or work.
Creation of Dependency: Gambling fosters a reliance on chance rather than on effort, planning, and reliance on Allah SWT for sustenance. This mindset is contrary to the Islamic work ethic and the concept of tawakkul trust in Allah.

Why “Stake App” and Similar Platforms Must Be Avoided

It is essential for Muslims to understand the nature of platforms like “Stake app” and to recognize that even indirect engagement contributes to an ecosystem forbidden in Islam. How to convert MATIC to wbtc

Direct Association with Forbidden Activities

“Stake app” is widely known as an online casino and sports betting platform. Its core business model revolves around gambling.

Explicit Gambling Services: The platform prominently offers casino games slots, roulette, blackjack and sports betting services. These are direct forms of Maysir gambling.
No Distinction for Cryptocurrency Conversion: Even if the intention is solely to convert cryptocurrency, using a platform whose primary function is gambling implicitly supports and legitimizes an illicit enterprise. It’s akin to buying food from a shop that exclusively sells alcohol and pork. even if one buys only permitted items, the underlying business is problematic.

The Concept of Halal and Haram Earnings

Islam emphasizes earning a livelihood through lawful and ethical means. Earnings derived from or facilitated by haram activities are considered impure.

Impure Income Streams: Money earned through gambling is haram. Similarly, profiting from services rendered to facilitate gambling, even if indirect, can be considered problematic.
Avoiding Doubtful Matters Shubuhat: The Prophet Muhammad PBUH said, “That which is lawful is clear and that which is unlawful is clear, and between the two of them are doubtful matters… Whoever avoids the doubtful matters, he has protected his religion and his honor.” Bukhari & Muslim. Using a platform like Stake, even for a “halal” transaction like crypto conversion, places one in a doubtful area due to its haram core business.

Shariah-Compliant Alternatives for Cryptocurrency Conversion

Instead of resorting to platforms associated with gambling, Muslims should seek out legitimate and Shariah-compliant cryptocurrency exchanges and financial services. The global crypto market was valued at approximately $1.5 trillion in 2023, with a significant portion of this activity occurring on regulated, mainstream exchanges.

Reputable Centralized Exchanges CEXs

These are the most common platforms for buying, selling, and converting cryptocurrencies.

When choosing one, prioritize those known for compliance, security, and a wide range of services. How to convert MATIC to usdt

Binance: One of the largest global exchanges by trading volume, offering a vast array of cryptocurrencies and fiat pairs, including INR. Binance processed over $22 trillion in crypto transactions in 2022. It has robust KYC Know Your Customer and AML Anti-Money Laundering procedures.
Coinbase: A widely recognized and regulated exchange, particularly strong in Western markets but with increasing global presence. Coinbase reported 98 million verified users globally in Q3 2023. It offers a user-friendly interface and strong security features.
WazirX: A prominent Indian cryptocurrency exchange, part of the Binance ecosystem, making it a strong choice for INR conversions. WazirX supports direct INR deposits and withdrawals. It has seen significant growth, especially after the Supreme Court lifted the banking ban on crypto in India in 2020.
Kraken: Known for its strong security protocols and competitive fees, Kraken is another reliable option with a global reach. Kraken lists over 200 cryptocurrencies and offers fiat gateways for multiple currencies.
Bitbns: Another India-centric exchange that offers a variety of services, including INR trading pairs and various altcoins. It is a good local option for Indian users.

Decentralized Exchanges DEXs

DEXs allow peer-to-peer cryptocurrency trading without a central intermediary.

While they offer more anonymity, they can be more complex for beginners.

Uniswap Ethereum-based: A leading DEX for ERC-20 tokens. Users can swap tokens directly from their wallets. Uniswap has facilitated over $1.8 trillion in trading volume since its inception.
Pancakeswap Binance Smart Chain-based: A popular DEX on BSC, offering lower fees than Ethereum-based DEXs. It’s a good option for BEP-20 tokens.
How DEXs Work: You connect your non-custodial wallet e.g., MetaMask, Trust Wallet directly to the DEX. You will need to have a stablecoin or another crypto ready to trade, and then you can swap it for Bitcoin. For converting to INR, you’d typically need to move the Bitcoin to a CEX afterwards.

Peer-to-Peer P2P Platforms

P2P platforms allow users to trade cryptocurrencies directly with each other, often offering various payment methods, including bank transfers to INR accounts.

Binance P2P: Integrated within the Binance ecosystem, it allows users in India to directly buy and sell cryptocurrencies with other users using INR via various payment methods like UPI, IMPS, bank transfer, etc. Binance P2P supports over 100 payment methods globally.
LocalBitcoins now defunct but concept relevant: While LocalBitcoins itself closed in 2023, many other platforms have adopted similar P2P models. They connect buyers and sellers, allowing for direct bank transfers in local currencies.
Remitano: A popular P2P crypto exchange in many developing countries, including India, offering easy INR transactions.

Step-by-Step Guide for Shariah-Compliant Bitcoin to INR Conversion

This guide outlines the process using a reputable centralized exchange as the primary example, ensuring adherence to Islamic financial principles. How to convert MATIC to usdt on binance app

Step 1: Choose a Reputable and Shariah-Conscious Exchange

Your first and most crucial step is to select an exchange that is not involved in haram activities like gambling, interest-based lending riba, or immoral content.

Research the Exchange’s Business Model: Verify that the exchange’s primary services are purely for crypto trading and conversion, not tied to gambling platforms like “Stake app” or interest-bearing products. Look for transparency in their operations.
Consider Indian-Specific Options: For INR conversions, exchanges with strong local presence and direct INR support are preferable. WazirX and Bitbns are strong candidates in India. Global exchanges like Binance and Coinbase also offer INR pairing through their P2P or direct fiat gateways.
Check for Regulatory Compliance: Ensure the exchange complies with local financial regulations. This adds a layer of security and legitimacy to your transactions. For instance, Indian exchanges are subject to local KYC/AML norms.

Step 2: Create and Verify Your Account

This involves standard identity verification procedures KYC which are mandatory for regulated exchanges.

Sign Up: Visit the chosen exchange’s website or download their app. Begin the registration process by providing your email and creating a strong password.
Complete KYC Know Your Customer: This is a mandatory step for fiat currency conversions on regulated exchanges. You will typically need to provide:
- Government-issued ID: Aadhar card, Passport, or Driving License.
- Proof of Address: Utility bill, bank statement.
- Selfie/Video Verification: To confirm your identity.
- Real-World Data: As of 2023, over 75% of global crypto exchanges have implemented mandatory KYC procedures to combat financial crime, including money laundering.
Enable Two-Factor Authentication 2FA: For enhanced security, always enable 2FA using an authenticator app like Google Authenticator or SMS. This adds an extra layer of protection against unauthorized access.

Step 3: Deposit Bitcoin into Your Exchange Wallet

You need to transfer your Bitcoin from your current wallet if it’s not already on the chosen exchange to your exchange’s BTC wallet address.

Locate Your BTC Deposit Address: On the exchange platform, navigate to the “Wallet,” “Funds,” or “Deposit” section and select “Bitcoin BTC.” The exchange will provide you with a unique BTC deposit address a string of alphanumeric characters and often a QR code.
Initiate Transfer from Your External Wallet: Open your external Bitcoin wallet e.g., Ledger, Trezor, Trust Wallet, Electrum. Select “Send” or “Withdraw” Bitcoin.
Paste the Address and Specify Amount: Paste the BTC deposit address copied from the exchange into your external wallet’s send field. Double-check that the address is correct – a single wrong character can lead to irreversible loss of funds. Enter the amount of Bitcoin you wish to deposit.
Confirm Transaction: Review all details carefully before confirming the transaction. Bitcoin transactions require network confirmations, so it might take anywhere from 10 minutes to an hour or more for the funds to appear in your exchange wallet, depending on network congestion and the fee paid.

Step 4: Sell Bitcoin for Indian Rupees INR

Once your Bitcoin is confirmed in your exchange wallet, you can proceed to sell it. How to convert my MATIC to usdt on bybit

Navigate to the Trading Section: Look for “Trade,” “Exchange,” or “Spot Trading” on the platform.
Select BTC/INR Trading Pair: Find the trading pair that allows you to exchange Bitcoin for Indian Rupees. It will typically be listed as “BTC/INR.”
Place a Sell Order:
- Market Order: If you want to sell immediately at the current market price, select “Market Order.” Enter the amount of Bitcoin you wish to sell. This is the fastest method.
- Limit Order: If you want to sell at a specific price, select “Limit Order.” Enter the desired selling price per Bitcoin and the amount of Bitcoin you wish to sell. The order will only execute when the market price reaches your specified price.
- Market Dynamics: The average daily trading volume for BTC/INR pairs on major Indian exchanges can range from tens of millions to hundreds of millions of USD equivalent, indicating good liquidity.
Confirm the Sale: Review the order details amount, price, estimated INR proceeds, and any fees and confirm the sell order. Once executed, your Bitcoin will be converted into INR, which will reflect in your INR fiat wallet on the exchange.

Step 5: Withdraw INR to Your Bank Account

The final step is to transfer the INR from your exchange wallet to your linked Indian bank account.

Go to Withdrawal Section: Navigate to the “Wallet,” “Funds,” or “Withdraw” section and select “INR” Indian Rupee.
Add/Select Bank Account: If you haven’t already, you’ll need to link your Indian bank account. This typically involves providing:
- Bank Name
- Account Holder Name
- Account Number
- IFSC Code
- Security Measure: Most exchanges require verification of your bank account, which might involve a small test deposit or specific documentation. This process usually takes 1-2 business days initially.
Enter Withdrawal Amount: Specify the amount of INR you wish to withdraw. Be mindful of minimum and maximum withdrawal limits and any applicable withdrawal fees. Withdrawal fees typically range from INR 10 to INR 50 per transaction, depending on the exchange and the method IMPS, NEFT, RTGS.
Confirm Withdrawal: Review all details. You may need to enter a 2FA code or a confirmation email/SMS code to authorize the withdrawal.
Processing Time: INR withdrawals can take anywhere from a few minutes for IMPS to several hours or up to 1-3 business days for NEFT/RTGS, depending on the exchange’s processing times and bank holidays.

Navigating the Crypto Landscape Ethically

Principles of Islamic Finance Applied to Crypto

Islamic finance operates on a set of principles designed to ensure justice, fairness, and the avoidance of haram elements.

Prohibition of Riba Interest: Any form of fixed, predetermined return on money lent or borrowed is haram. This means interest-bearing crypto lending or staking pools that guarantee returns are to be avoided. Shariah-compliant alternatives focus on profit-sharing and asset-backed financing.
Prohibition of Gharar Excessive Uncertainty/Speculation: Transactions with excessive ambiguity, lack of clarity, or reliance on pure chance are forbidden. While all markets have some uncertainty, gharar refers to situations where the outcome is overwhelmingly unknown or based on pure speculation, like gambling.
Prohibition of Maysir Gambling: As discussed, any activity involving a zero-sum game based on chance where one gains at another’s loss without productive effort is forbidden. This includes casino games, lotteries, and sports betting.
Lawful Underlying Asset/Activity: The asset being traded must be halal in nature, and the underlying business model must be permissible. Cryptocurrencies themselves are generally considered permissible as digital assets, but their use within haram contexts like gambling apps makes the entire transaction problematic.
Transparency and Disclosure: Islamic finance encourages clear terms and full disclosure in financial dealings to avoid disputes and ensure fairness.

Identifying Shariah-Compliant Cryptocurrencies

While Bitcoin and Ethereum are generally considered permissible as digital assets, the Islamic scholarly community continues to analyze specific altcoins and their underlying technologies.

Bitcoin BTC: Widely accepted as halal as it functions as a digital currency and a store of value, created through a process mining that involves effort. It is not inherently linked to haram activities unless used for them.
Ethereum ETH: Generally considered halal as it’s a platform for smart contracts and decentralized applications. However, certain applications built on Ethereum e.g., gambling DApps, DeFi protocols with riba would be haram.
Shariah-Compliant Projects: Some projects are specifically designed with Islamic finance principles in mind, focusing on asset-backed tokens, sukuk Islamic bonds on blockchain, or zakat distribution mechanisms. Examples include Islamic Coin or projects focusing on halal supply chain management.
Avoiding Problematic Tokens: Tokens associated with gambling platforms, interest-bearing lending protocols, or projects involved in immoral entertainment are to be avoided. Thorough research into the project’s whitepaper, team, and ecosystem is crucial.

Avoiding Riba in Crypto Transactions

The presence of riba is a major concern in the broader financial world, and it has found its way into crypto through various mechanisms.

Staking and Lending Platforms: Many platforms offer fixed annual percentage yields APYs for staking or lending cryptocurrencies. If these yields are predetermined and guaranteed, they constitute riba.
DeFi Protocols: Decentralized Finance DeFi offers various lending and borrowing protocols. Muslims must meticulously examine the terms to ensure they are not based on riba. Solutions that involve profit-sharing or genuine asset-backed investments might be permissible.
Better Alternatives: Instead of riba-based staking, consider proof-of-work PoW mining if economically feasible and environmentally conscious, or holding crypto as a store of value. For profit-generation, look for halal-certified crypto funds or projects that align with ethical investment principles e.g., mudarabah or musharakah models adapted for crypto.

The Importance of Financial Prudence and Ethical Investing

Beyond specific halal and haram rulings, Islam strongly encourages financial prudence, avoiding unnecessary risks, and investing in ventures that benefit society. How to exchange wMATIC to btc

Risk Management Gharar Minimization

While crypto markets inherently involve volatility, Muslims should avoid unnecessary or excessive risk.

Understanding Volatility: The crypto market is known for its extreme price fluctuations. Bitcoin, for instance, has seen multiple 50% or more drawdowns from its peaks. This volatility itself is not haram, but engaging in highly speculative trading without understanding the risks can lead to financial distress.
Avoiding Leveraged Trading: Trading with leverage or margins greatly amplifies both potential gains and losses. This often falls into the category of excessive gharar and can be akin to gambling due to the high risk of rapid, complete loss of capital.
Diversification: Do not put all your funds into one crypto asset. Diversifying your portfolio across different assets can help mitigate risk.
Long-Term vs. Short-Term Trading: While day trading is not inherently haram, a long-term investment strategy in fundamentally sound, halal crypto projects is generally more aligned with Islamic principles of wealth preservation and growth through legitimate means, reducing the speculative element.

Zakat on Cryptocurrencies

As wealth, cryptocurrencies are subject to Zakat, the annual charitable obligatory payment.

Nisab and Hawl: For Zakat to be due, the value of one’s crypto holdings must reach the nisab minimum threshold, equivalent to 87.48 grams of gold or 612.36 grams of silver and be held for a full hawl lunar year.
Calculation: The Zakat due is 2.5% of the total value of the halal crypto holdings that meet the nisab and hawl criteria, calculated on the day Zakat becomes due.
Purpose of Zakat: Zakat purifies wealth and is a cornerstone of Islamic economic justice, ensuring wealth circulates to help the poor and needy. For accurate calculation, consulting a knowledgeable Islamic scholar or using reliable Zakat calculators is recommended. Some platforms like CoinGecko and CoinMarketCap can assist in tracking portfolio values for Zakat calculation.

Real-World Implications and Societal Responsibility

The choices we make, even in seemingly private financial transactions, have broader implications for the Muslim community and society at large.

Supporting Ethical Businesses

By choosing halal and ethical platforms, Muslims contribute to the growth of a responsible financial ecosystem.

Strengthening the Halal Economy: Every transaction on an ethical platform reinforces its business model and encourages further development of halal financial products and services.
Withdrawing Support from Haram Enterprises: Conversely, by avoiding platforms like “Stake app,” Muslims actively withdraw their financial support from industries that promote gambling, riba, and other forbidden activities. This sends a clear message about the community’s values.

Educating the Community

Knowledge is power, and sharing accurate information about halal crypto practices is a collective responsibility. How to convert MATIC to zar

Guidance for New Entrants: The crypto space can be overwhelming for newcomers. Providing clear, concise, and Islamically sound guidance helps prevent Muslims from falling into haram traps.
Combating Misinformation: There is a lot of misinformation and speculative hype in the crypto world. Educating oneself and others based on reliable Islamic scholarship is crucial.
Community Initiatives: Supporting initiatives that provide Islamic finance education or develop Shariah-compliant crypto solutions can significantly benefit the wider Muslim Ummah. For example, various online academies and scholars offer courses on Fiqh al-Muamalat Islamic commercial jurisprudence in the context of modern finance and crypto.

Long-Term Vision for Financial Well-being

Islamic teachings encourage planning for the future and building sustainable wealth, not through quick schemes or forbidden means.

Patience and Discipline: True wealth is built through consistent effort, sound judgment, and patience, not through the instant gratification promised by gambling.
Blessings Barakah: Wealth acquired through halal means carries barakah blessings, leading to long-term well-being and contentment, both in this life and the Hereafter. In contrast, haram earnings, even if seemingly abundant, are devoid of barakah and can lead to spiritual and material distress.
Investment in Productive Assets: Islam encourages investing in productive assets that contribute to the real economy, such as businesses, agriculture, or technology that benefits humanity, rather than purely speculative ventures.

Ultimately, the choice of where and how to convert your Bitcoin reflects a commitment to Islamic principles. While the world of cryptocurrency offers exciting opportunities, it also presents novel challenges from an Islamic perspective. By prioritizing halal over haram and seeking knowledge, Muslims can navigate this space responsibly, ensuring their financial dealings are blessed and contribute to their spiritual well-being.

Frequently Asked Questions

What is the Islamic ruling on gambling in general?

Gambling is strictly forbidden haram in Islam.

The Quran clearly states that intoxicants and gambling are “defilement from the work of Satan,” and Muslims are commanded to avoid them to be successful.

Why is Stake app considered haram for Muslims?

Stake app is primarily an online casino and sports betting platform, meaning its core business model revolves around gambling. Binance how to convert MATIC to fiat

Using such a platform, even for a seemingly unrelated transaction like currency conversion, is considered supporting or engaging with a forbidden industry in Islam.

Can I use Stake app just to convert my Bitcoin to INR without gambling?

No, even if your intention is solely for currency conversion, using a platform whose primary function is gambling implicitly supports a haram enterprise. It’s best to avoid any platform directly involved in forbidden activities to maintain the purity of your financial dealings.

What are Shariah-compliant alternatives to convert Bitcoin to INR?

You should use reputable centralized cryptocurrency exchanges CEXs like Binance, Coinbase, WazirX, Kraken, or Bitbns that offer direct BTC/INR trading pairs and are not associated with gambling or interest-based services.

Peer-to-peer P2P platforms offered by these exchanges are also good options. Binance how to convert MATIC to gbp

Is Bitcoin itself considered halal or haram?

Bitcoin is generally considered permissible halal by many Islamic scholars as a digital asset and a medium of exchange, provided it is used for lawful purposes and not for transactions involving forbidden activities.

What are the key principles of Islamic finance I should consider when dealing with crypto?

Key principles include avoiding riba interest, gharar excessive uncertainty or speculation, and maysir gambling. Transactions should involve clear terms, lawful underlying assets, and contribute to the real economy.

How do I ensure an exchange is Shariah-compliant?

Research the exchange’s business model to ensure it doesn’t offer gambling, interest-bearing products like guaranteed staking returns, or facilitate haram activities. Look for transparency and a focus on legitimate trading services.

What is the process for withdrawing INR from a crypto exchange to my bank account?

After selling Bitcoin for INR on a compliant exchange, navigate to the withdrawal section, select INR, link your Indian bank account if not already linked, enter the desired withdrawal amount, and confirm the transaction. Processing times vary.

Are there any fees for converting Bitcoin to INR on legitimate exchanges?

Yes, exchanges typically charge trading fees a percentage of the transaction value when you sell Bitcoin for INR, and also withdrawal fees when you transfer INR to your bank account. These fees are usually transparently listed. How to convert MATIC to usdt on coincola

Is staking cryptocurrency halal?

Staking can be problematic if it involves guaranteed, predetermined returns which could be considered riba. If staking is akin to a profit-sharing venture with inherent risks and no guaranteed returns, it might be permissible. It’s best to consult a knowledgeable Islamic scholar on specific staking protocols.

What is KYC, and why is it required for crypto conversions?

KYC Know Your Customer refers to the identity verification process required by regulated financial institutions, including crypto exchanges.

It involves submitting ID documents and proof of address to prevent money laundering and other illicit financial activities.

How long does it take for Bitcoin to INR conversion to reflect in my bank account?

The conversion on the exchange is usually instant or very quick.

However, the withdrawal of INR to your bank account can take minutes for IMPS to 1-3 business days for NEFT/RTGS, depending on the exchange’s processing and banking hours. How to convert MATIC to usdt on crypto.com

Can I use decentralized exchanges DEXs for Bitcoin to INR conversion?

DEXs allow crypto-to-crypto swaps, but direct Bitcoin to INR conversion is not typically available as they don’t handle fiat currencies directly.

You would usually need to swap Bitcoin for a stablecoin on a DEX, then transfer the stablecoin to a CEX to convert it to INR.

What is the difference between a market order and a limit order when selling Bitcoin?

A market order executes immediately at the best available current market price.

A limit order allows you to set a specific price at which you want to sell.

It will only execute when the market price reaches your specified price. How to convert MATIC to zar on binance

Do I have to pay Zakat on my cryptocurrency holdings?

Yes, if your halal cryptocurrency holdings meet the nisab minimum threshold and have been held for a full hawl lunar year, Zakat of 2.5% is obligatory on their value.

What if I accidentally used a haram platform like Stake app?

If you have unknowingly used such a platform, immediately cease all activities on it. For any profits gained from haram sources, it is recommended to purify that wealth by donating it to charity without seeking reward for yourself as it is not considered sadaqa.

Are all peer-to-peer P2P crypto trading platforms halal?

P2P platforms themselves are generally permissible as they facilitate direct trading between individuals. However, ensure the underlying transactions are for halal cryptocurrencies and that you are not engaging in haram activities like gambling through the P2P interface.

How can I learn more about Islamic finance and cryptocurrency?

Seek knowledge from reputable Islamic scholars specializing in contemporary financial issues.

There are numerous online courses, books, and articles available from Islamic finance institutions and scholars who provide guidance on crypto from a Shariah perspective. How to convert to MATIC on binance

What should I do if a platform offers fixed, guaranteed returns on crypto?

Exercise extreme caution. Fixed, guaranteed returns on investments are often indicative of riba interest, which is strictly forbidden in Islam. Avoid such schemes and prioritize profit-sharing models where returns are not guaranteed and reflect actual performance.

Is it permissible to trade cryptocurrency for profit?

Trading cryptocurrency is permissible as long as the underlying assets are halal, the trading methods avoid gharar excessive speculation like highly leveraged trading, and the profits are not generated through haram means like gambling or interest. Long-term investing in halal projects is generally preferred over high-frequency speculative trading.

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