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What I Learned on My First Day with Binance
Day 1 on Binance and here’s what I’ve learned so far:
1. Crypto is not a shortcut to get rich.
$BTC $ETH $XRP
2. Start with learning, not investing.
3. Always use small amounts when you're just exploring.
4. The Binance Learn section is super helpful – check it out!
5. Don’t trust anyone blindly – do your own research.
This is just the beginning, and I’ll keep sharing my lessons every step of the way.
Are you also new to Binance? Drop a “Hi” below, let’s connect and grow together.
#CryptoForBeginners #BinanceTips #BinanceJourney #CryptoLearning #HalalEarnings
Day 1 on Binance and here’s what I’ve learned so far:
1. Crypto is not a shortcut to get rich.
$BTC $ETH $XRP
2. Start with learning, not investing.
3. Always use small amounts when you're just exploring.
4. The Binance Learn section is super helpful – check it out!
5. Don’t trust anyone blindly – do your own research.
This is just the beginning, and I’ll keep sharing my lessons every step of the way.
Are you also new to Binance? Drop a “Hi” below, let’s connect and grow together.
#CryptoForBeginners #BinanceTips #BinanceJourney #CryptoLearning #HalalEarnings
Halal Vs Haram
#binace
#HalalEarnings Cryptocurrency has revolutionized the financial world, raising questions about its permissibility in Islam. While crypto itself is a technology—neither halal nor haram—it is the intent, usage, and outcomes that determine its ruling. This article explores why some crypto activities and coins are halal while others are haram, with real-world examples including Bitcoin ($BTC ), Ethereum ( $ETH ), BeGreenly ($BGREEN) and controversial tokens like DogeCoin(DOGE), Shiba Inu ($SHIB ), PEPE , BONK and Solana ($SOL ).
Why Technology Itself Is Neutral
Technology, like cryptocurrency, is a tool. Islam judges the application and intention, not the tool itself. For example, a knife can be used to prepare food (halal) or to harm someone (haram). Similarly, cryptocurrencies like Bitcoin, Ethereum ( ETH ), or BeGreenly ($BGREEN) are neutral. It is their use and the actions of their users that determine permissibility.
Halal Crypto Trading
Spot Trading
Spot trading, where cryptocurrencies are directly bought or sold at market value, is halal if:
The cryptocurrency is not involved in haram activities like gambling or fraud.
The transaction adheres to Islamic principles of transparency and fairness.
Examples of halal cryptocurrencies include:
BeGreenly (BGREEN): Focused on rewarding carbon reduction efforts and promoting sustainability.
Cardano (ADA): Known for ethical projects such as education and supply chain transparency.
Polygon (POL): Supports scalable and eco-friendly decentralized applications.P2P Trading
Peer-to-peer (P2P) trading is also halal, as it involves direct exchanges between individuals without interest (riba). The condition remains that the traded coins should not support haram activities.
Haram Crypto Trading
Meme Coins (e.g., Shiba Inu - SHIB)
Meme coins like Shiba Inu (SHIB) are often haram because:
Lack of Intrinsic Value: Meme coins are driven by hype rather than real-world utility or value, leading to excessive speculation.
Speculative Nature: Investors buy these coins with the sole intention of making quick profits, akin to gambling.
Pump and Dump Schemes: Meme coins often fall prey to schemes where whales artificially inflate prices and then sell, leaving smaller investors in losses.
Conclusion: Shiba Inu and similar meme coins are generally considered haram due to their speculative and gambling-like nature.
Cryptocurrencies Used for Haram Activities
Cryptos like FunFair (FUN) and Wink (WIN) are designed for gambling platforms, making them haram. Trading such coins indirectly supports unethical activities.
Solana (SOL)
The permissibility of Solana (SOL) depends on its use:
Halal Uses: Solana’s blockchain supports ethical projects, such as decentralized applicationsWhy Margin and Futures Trading Are Haram
Margin Trading
Margin trading involves borrowing money to trade, introducing riba (interest) and excessive risk (gharar). Both are prohibited in Islam.
Futures Trading
Futures trading is speculative, as it involves contracts to buy or sell assets at a future date without owning them. This mirrors gambling and leads to uncertainty, making it haram.
Conclusion: Choose Halal and Ethical Investments
Crypto trading is halal if:
It involves spot or P2P trading.
The traded coins have real-world utility and are not linked to haram activities.
Coins like BeGreenly ($BGREEN), Cardano (ADA ), and Polygon (POL) align with Islamic principles, promoting ethical and productive use cases. Avoid speculative trading of meme coins like Shiba Inu (Shib) and ensure the cryptocurrency supports lawful and beneficial purposes.
Support the BeGreenly Presale! 🌱
Join us in building a sustainable future with BeGreenly ($BGREEN)—a token that rewards carbon reduction and promotes eco-friendly actions. Be part of a project that aligns with ethical and Islamic values.
Please support me by repost and like this Article. (DApps), making its spot trading permissible.
Haram Uses: If Solana is traded speculatively or supports haram platforms, such as meme coins, gambling or fraudulent apps, it becomes impermissible.
#HalalEarnings Cryptocurrency has revolutionized the financial world, raising questions about its permissibility in Islam. While crypto itself is a technology—neither halal nor haram—it is the intent, usage, and outcomes that determine its ruling. This article explores why some crypto activities and coins are halal while others are haram, with real-world examples including Bitcoin ($BTC ), Ethereum ( $ETH ), BeGreenly ($BGREEN) and controversial tokens like DogeCoin(DOGE), Shiba Inu ($SHIB ), PEPE , BONK and Solana ($SOL ).
Why Technology Itself Is Neutral
Technology, like cryptocurrency, is a tool. Islam judges the application and intention, not the tool itself. For example, a knife can be used to prepare food (halal) or to harm someone (haram). Similarly, cryptocurrencies like Bitcoin, Ethereum ( ETH ), or BeGreenly ($BGREEN) are neutral. It is their use and the actions of their users that determine permissibility.
Halal Crypto Trading
Spot Trading
Spot trading, where cryptocurrencies are directly bought or sold at market value, is halal if:
The cryptocurrency is not involved in haram activities like gambling or fraud.
The transaction adheres to Islamic principles of transparency and fairness.
Examples of halal cryptocurrencies include:
BeGreenly (BGREEN): Focused on rewarding carbon reduction efforts and promoting sustainability.
Cardano (ADA): Known for ethical projects such as education and supply chain transparency.
Polygon (POL): Supports scalable and eco-friendly decentralized applications.P2P Trading
Peer-to-peer (P2P) trading is also halal, as it involves direct exchanges between individuals without interest (riba). The condition remains that the traded coins should not support haram activities.
Haram Crypto Trading
Meme Coins (e.g., Shiba Inu - SHIB)
Meme coins like Shiba Inu (SHIB) are often haram because:
Lack of Intrinsic Value: Meme coins are driven by hype rather than real-world utility or value, leading to excessive speculation.
Speculative Nature: Investors buy these coins with the sole intention of making quick profits, akin to gambling.
Pump and Dump Schemes: Meme coins often fall prey to schemes where whales artificially inflate prices and then sell, leaving smaller investors in losses.
Conclusion: Shiba Inu and similar meme coins are generally considered haram due to their speculative and gambling-like nature.
Cryptocurrencies Used for Haram Activities
Cryptos like FunFair (FUN) and Wink (WIN) are designed for gambling platforms, making them haram. Trading such coins indirectly supports unethical activities.
Solana (SOL)
The permissibility of Solana (SOL) depends on its use:
Halal Uses: Solana’s blockchain supports ethical projects, such as decentralized applicationsWhy Margin and Futures Trading Are Haram
Margin Trading
Margin trading involves borrowing money to trade, introducing riba (interest) and excessive risk (gharar). Both are prohibited in Islam.
Futures Trading
Futures trading is speculative, as it involves contracts to buy or sell assets at a future date without owning them. This mirrors gambling and leads to uncertainty, making it haram.
Conclusion: Choose Halal and Ethical Investments
Crypto trading is halal if:
It involves spot or P2P trading.
The traded coins have real-world utility and are not linked to haram activities.
Coins like BeGreenly ($BGREEN), Cardano (ADA ), and Polygon (POL) align with Islamic principles, promoting ethical and productive use cases. Avoid speculative trading of meme coins like Shiba Inu (Shib) and ensure the cryptocurrency supports lawful and beneficial purposes.
Support the BeGreenly Presale! 🌱
Join us in building a sustainable future with BeGreenly ($BGREEN)—a token that rewards carbon reduction and promotes eco-friendly actions. Be part of a project that aligns with ethical and Islamic values.
Please support me by repost and like this Article. (DApps), making its spot trading permissible.
Haram Uses: If Solana is traded speculatively or supports haram platforms, such as meme coins, gambling or fraudulent apps, it becomes impermissible.
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