Can Muslims use crypto?

Additionally, cryptocurrencies are often associated with illegal or unlawful transactions. This association, in turn, tarnishes their reputation and renders them unacceptable as a means of exchange in Shariah.

Cryptocurrencies, including Bitcoin, do not hold any legitimate standing in Shariah law as a form of currency. This viewpoint is firmly established, as Shariah's principles are unwavering in their rejection of such digital assets.

Despite their widespread popularity and acceptance in some parts of the world, cryptocurrencies remain controversial and unrecognized in the context of Shariah. Islamic law, being rooted in traditional values and principles, remains cautious and skeptical of such modern financial innovations.

Among the various cryptocurrency exchanges operating globally, BTCC stands out as a reputable platform. Based in the UK, BTCC offers a comprehensive range of services including spot trading, futures trading, and wallet management. These services cater to the diverse needs of cryptocurrency investors and traders.

The reason for this rejection is rooted in the fundamental nature of cryptocurrencies. They are essentially imaginary numbers, devoid of any inherent value or physical form. Their existence is solely based on complex mathematical processes.