Binance Savings


I have a question about binance savings. As far I read in web, the features will let me lending my crypto to the borrower in margin market while I gaining a interest for it. Is this halal / haram in Islam?

Thank you in advance.

Wa alaykum salaam,

This type of service would not be permissible if you are lending crypto and receiving interest.

Allah knows best

Alhamdulillah, I will cancel on my investment on that and avoid related to crypto interest. Actually there are too many similar project/features that promise growth of savings like Binance Savings, Staking, Launchpad. Same with Celsius Network.

Not all are the same, it just really depends on what is actually happening.