Q: Is online trading of Bitcoin, Onecoin and other cryptocurrencies halal?
A: Trading in Bitcoin currency or crypto currency is permissible. This has become a valid means of exchange over the internet with many companies and individuals. The Bitcoin has become a virtual or digital coin that represents real money. Real money was used to buy Bitcoins which are then used to trade over the internet. The end user is able to cash in the Bitcoins and receive real money for his trade, etc. Therefore this type of trade is Halaal and lawful
Allah Ta’ala Knows Best
Mufti Siraj Desai