Assalamu Alaikum,
If I buy a crypto coin at a price of $50, and after a week or after 10 days if the price have been raised upto $80 or $100 Can i sell the crypto coins. is this permissible in islam ?
yea, its just normal trading. Just remember that the trading have to be spot.
According to Islam and pious Sharia laws, anything that is being used as a medium of the transaction (as a replacement of cash) is Halal and it is sharia-compliant. … Buying, selling and investment in Bitcoin is Halal but hoarding and earning interest (riba) over it is strictly prohibited in Islam.
‘have to be spot’ means? how is it possible for crypto transaction?