BinanceFaith

💥 The Zakat Dilemma: How Do You Accurately Calculate and Pay Zakat on Volatile Crypto Holdings on Binance? 💰🕌

If you’re a Muslim crypto holder on Binance, this question hits home: “How do I pay Zakat on crypto when the market moves every second?” 📉📈

Crypto is not like cash sitting still in your wallet. It's volatile, unpredictable, and always online. So how do you fulfill your Zakat obligations without overpaying or missing out?

🎯 Here’s the simple breakdown:

Zakat is due once a year on your total eligible assets, and crypto is considered zakatable if it’s held with the intention of growth or trade. But with price swings, timing is everything.

👉 Best Practice?

Calculate your Zakat based on the market value of your crypto at the end of your lunar (Hijri) year. Use Binance’s current spot prices at that moment to estimate your total holdings' value.

✅ Pro Tip: Use Binance Portfolio to get a snapshot of your asset value in real-time. Then calculate 2.5% of your qualifying crypto for Zakat. That’s your due.

🕊️ Don’t stress about fluctuations before or after — just focus on that one zakat date in your year. That’s your responsibility.

💡 Things to keep in mind:

Stablecoins like USDT? Yes, they count.

Staked coins? Depends on accessibility — if you can withdraw or sell, it counts.

Lost assets or coins you can’t access? No zakat on those.

📌 Pro tip: Set a reminder each year and keep a basic Zakat log. It’s not just smart — it keeps your crypto journey spiritually clean.

Crypto may be new, but the intention behind Zakat remains timeless: purification of wealth and giving back. 🫶

🔁 If this helped you, Follow, Like, and Share with love ❤️.
Let’s help each other grow in wealth, wisdom, and purpose. 🌱✨

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