Day & swing trading crypto on exchanges

#1

Asslamualaikum,

Could the respected ulama answer this for me please:

As an experienced technical analyst, i would like to know if on a crypto exchange like binance, would it be halal to regularly buy and sell (specifically trading, not long term investing) different pairs of crypto assuming the following conditions:

  1. Only spot trading with your own money sent to the exchanges, so there is no borrowed money.

  2. Both coins in the pairs are halaal e.g the pairs BTCXLM or ETHADA or USDTBNB.

Are there any other major conditions that would need to be met?

JazakAllah.

1 Like
#2

Wasalam

May Allah bless you.

As longer as you trading shariah compliant cryptos in the way you have mentioned then you are fine inshAllah.

Kind regards

#3

JazakAllah for answering.