How safe is it to invest in cryptocurrency?

There are risks associated with every type of investment, cryptocurrency included. Beyond this, some cryptocurrencies are safer to invest in than others. Investors should also keep in mind that there are risks associated even with safe investments.

Is cryptocurrency income taxable?

In many countries around the world cryptocurrency is taxable. Investors should stay aware of their particular jurisdiction and tax laws. If necessary, you should also utilize a tax professional to avoid any legal repercussions of filing your taxes improperly.

Can you make $100 a day trading crypto?

It is possible to make $100 a day trading. However, this is highly unlikely in the literal sense. Most profitable traders have losing days, while still being profitable for the month or the year.

Can a beginner make money trading in cryptocurrency?

It is possible for a beginner to make money trading in cryptocurrency; however, it is unlikely. Trading takes time to learn and longer to master. While some people may have a natural inclination for trading, this is not realistic for most new traders.

How to start crypto trading?

To start trading you must first educate yourself on how to trade. Then you will need to practice and find the strategies and instruments that work for you. Lastly, you will need to select a platform to trade on.

Is Bitcoin halal or haram?

Whether Bitcoin is halal (permissible) or haram (forbidden) is subject to differing interpretations by scholars. Some argue that Bitcoin is halal, considering it as a digital asset or currency that facilitates transactions without intrinsic harm. However, others view it as haram due to its high volatility and speculative nature, which can resemble gambling, forbidden in Islam.

How to earn crypto without money?

It is extremely difficult to earn crypto without money. In many cases you will have to spend some capital. Airdrops represent a low barrier to entry and typically cost minimized way of earning cryptocurrency. However, even for airdrops, you will have to commit some on-chain transaction in order to receive crypto, and the more transactions you have the more you receive in many cases.