So you’ve heard about Bitcoin, maybe even read our halal crypto posts — and now you’re ready to take the next step. But the big question is: How do I actually buy halal cryptocurrency safely and correctly?
In this beginner’s guide from Daawo Hada, we’ll walk you through how to buy your first halal crypto coin, even if you’ve never invested before.
Step 1: Choose a Halal Coin
Start by picking a coin that is widely accepted as halal. Good beginner-friendly options include:
- Bitcoin (BTC) – Digital currency, widely accepted as halal
- Stellar (XLM) – Promotes fair and affordable payments
- Algorand (ALGO) – Environmentally friendly and ethical
Tip: Avoid meme coins or high-risk tokens unless you’ve verified their compliance with Islamic finance principles.
Step 2: Create an Account on a Trusted Crypto Exchange
You need an exchange (platform) to buy your coin. Popular and beginner-friendly exchanges include:
- Binance
- Kraken
- Coinbase
Note: Make sure the exchange is allowed in your country and that it doesn’t force you to use interest-bearing features (like lending or margin trading).
Step 3: Verify Your Identity (KYC)
Most platforms will ask for documents like your passport or ID to verify your identity. This is for safety and legal compliance. Don’t worry — it’s standard procedure and helps protect your account.
Step 4: Fund Your Account
You can usually fund your crypto account using:
- Bank transfer
- Credit/debit card
- Peer-to-peer (P2P) option (especially in Muslim countries)
Tip: If using a credit card, make sure you don’t use interest-based credit or go into debt — that would be haram.
Step 5: Buy Your Coin
Once your account is funded:
- Go to the "Buy Crypto" section.
- Select your chosen halal coin (e.g., BTC, XLM, ALGO).
- Enter the amount you want to buy.
- Click “Buy” or “Confirm.”
Congratulations! You now own your first halal crypto coin.
Step 6: Store It in a Secure Wallet
For better security, move your coins from the exchange to a personal wallet. Recommended wallets include:
- Trust Wallet
- Exodus
- Ledger (hardware wallet)
Tip: Write down your recovery phrase and keep it safe. Don’t share it with anyone.
Final Words
Buying your first halal cryptocurrency doesn’t have to be complicated. With the right coin, platform, and mindset, you can start building your digital wealth — ethically and Islamically.
Daawo Hada is here to support you every step of the way. Keep following us for more halal crypto guides, news, and insights.
Disclaimer: This post is for educational purposes only and not financial advice. Please consult a scholar and financial advisor before investing.