Bitinfocharts.com Review

Based on looking at the website, Bitinfocharts.com appears to be a data aggregation and analysis platform focused on various cryptocurrencies.

It provides extensive statistics, charts, and tools related to the crypto market.

While it offers a wealth of information, the involvement with cryptocurrency itself, particularly the speculative nature of trading and potential for Riba interest in associated financial instruments, raises concerns from an Islamic ethical perspective.

Here’s an overall review summary of Bitinfocharts.com based purely on its website content:

• Purpose: Provides comprehensive cryptocurrency statistics, prices, rich lists, mining calculators, and blockchain explorers.
• Data Coverage: Covers numerous cryptocurrencies including Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Dogecoin, Monero, Bitcoin SV, Dash, Zcash, Ethereum Classic, Bitcoin Gold, and Vertcoin.
• Key Features: Offers real-time price data from multiple exchanges, transaction statistics last 24h, average per hour, average/median value, block time, difficulty, hashrate, mining profitability, and wealth distribution across addresses.
• User Interface: Appears to be data-dense and functional, with options for horizontal/vertical layouts and language selection.
• Monetization: Mentions “Advertising” which suggests reliance on ads for revenue, typical for free data services.
• Ethical Stance Islamic: Not Recommended. The core subject matter of Bitinfocharts.com—cryptocurrency—is highly problematic from an Islamic ethical viewpoint. Cryptocurrencies are often associated with speculative trading, which can resemble gambling, and may involve underlying financial structures that include Riba interest, particularly in lending, borrowing, and derivative products. The rapid fluctuations and lack of tangible value in many cryptocurrencies make them risky and prone to financial deception Gharar. While the site itself is an information provider, its utility is primarily for engagement in these ethically questionable financial activities.

The platform provides a vast array of metrics for crypto enthusiasts, from market capitalization and transaction volumes to mining rewards and address wealth distribution.

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For anyone deeply involved in or researching the technical aspects of various blockchains, the sheer volume of readily available data could be seen as a significant advantage.

However, for those seeking to align their financial activities with Islamic principles, the fundamental nature of the cryptocurrency market itself, with its inherent speculative risks and potential for interest-based transactions, makes tools like Bitinfocharts.com, while informative, ultimately undesirable for engagement.

Instead of engaging with financially risky ventures like cryptocurrency, focus on tangible, ethical investments and tools that support productive, real-world activities.

Here are some better alternatives for information and tools that align with Islamic ethical principles:

• Morningstar Investment Research Center

  • Key Features: Independent investment research, fund analysis, stock analysis, portfolio tracking, and educational content. Focuses on long-term value investing.
  • Price: Free basic access. Premium membership is around $249/year.
  • Pros: Reputable, in-depth analysis, comprehensive data for conventional markets, strong emphasis on fundamental value.
  • Cons: Primarily covers traditional financial markets, not directly Islamic finance specific.

• https://www.spglobal.com/spdji/en/indices/equity/sp-global-bmi-shariah-index/

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

#overview
* Key Features: Provides information on Shariah-compliant equity indices, allowing users to identify publicly traded companies that adhere to Islamic investment principles e.g., no involvement in alcohol, gambling, interest-based finance.
* Price: Information on indices is generally free. data subscriptions vary.
* Pros: Directly addresses Islamic investment guidelines, helps in identifying ethical investment opportunities.
* Cons: Not a direct investment platform, requires further research into specific stocks or funds.

• Zoya App

  • Key Features: Mobile application that helps users screen stocks for Shariah compliance, offering a quick way to check if an investment meets Islamic ethical standards.
  • Price: Free basic version. Premium subscription for advanced features.
  • Pros: User-friendly, convenient for on-the-go screening, integrates with major exchanges.
  • Cons: Focuses solely on stock screening, doesn’t provide broader market analysis or investment advice.

• Amazon Books on Islamic Finance

  

  • Key Features: Access to a vast library of books covering Islamic finance, economics, ethical investing, and wealth management from an Islamic perspective.
  • Price: Varies per book.
  • Pros: In-depth knowledge, foundational understanding, allows for self-education and continuous learning.
  • Cons: Requires commitment to reading and applying knowledge. not a direct data or investment tool.

• Bloomberg Terminal for institutional use with ethical screening

  • Key Features: Comprehensive financial data, news, analytics, and trading tools. Can be customized with filters for ethical investments.
  • Price: Very high, typically $20,000-$24,000 per year per user.
  • Pros: Industry standard, unparalleled depth and breadth of data, robust analytical capabilities.
  • Cons: Extremely expensive, designed for professional institutional investors, and still requires careful application of Islamic screening tools.

• Google Finance

  • Key Features: Basic stock quotes, market news, portfolio tracking, and company financials. Simple and easy to use for quick checks.
  • Price: Free.
  • Pros: Accessible, real-time data, good for general market overview.
  • Cons: Less detailed than specialized platforms, no inherent ethical screening.

• Investing.com

  • Key Features: Financial news, real-time quotes, charts, technical analysis tools, and economic calendars covering various asset classes.
  • Price: Free with ads. Premium for ad-free experience and advanced features.
  • Pros: Wide range of market data, helpful for tracking traditional markets, decent analytical tools.
  • Cons: Primarily covers conventional markets, user needs to apply Islamic screening manually.

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Bitinfocharts.com Review & First Look

Bitinfocharts.com, at first glance, presents itself as a robust data aggregator for the cryptocurrency world.

Its homepage is a dense display of real-time statistics, charts, and tools, offering a into various digital assets like Bitcoin, Ethereum, and Litecoin.

The immediate impression is one of comprehensive coverage, aiming to provide a single source for almost every metric a crypto enthusiast or researcher might seek.

From current prices across different exchanges to intricate details like block times, mining profitability, and wealth distribution among addresses, the site aims to be a go-to resource for blockchain data.

However, the very nature of the data it provides—centered around cryptocurrencies—is where a fundamental ethical conflict arises from an Islamic perspective. Tim.graphics Review

While the platform itself merely displays public blockchain data, its utility is almost exclusively for engaging with or understanding an asset class deeply intertwined with speculative practices, Riba interest, and Gharar excessive uncertainty. The volatile price movements, the concept of “mining profitability” which can entice individuals into risky ventures, and the general lack of tangible, productive underlying assets for many cryptocurrencies mean that the information, no matter how detailed, is inherently linked to activities that deviate from ethical financial principles in Islam.

As such, while the site offers a technical review, its overall ethical standing is highly questionable for users committed to Islamic financial guidelines.

Bitinfocharts.com Data Overview

Bitinfocharts.com provides an extensive array of data points, making it a comprehensive resource for blockchain and cryptocurrency metrics. For example, it lists the total supply of Bitcoin at 19,874,719 BTC and Ethereum at 136,601,109 ETH. These figures are crucial for understanding the scarcity and emission schedules of these digital assets.

Real-time Price Aggregation

The platform aggregates real-time prices from multiple exchanges for a wide range of cryptocurrencies. For Bitcoin, it displays prices from Coinbase, Bitstamp, Kraken, Gemini, and Bitfinex, showing slight variations like Bitcoin trading at 104,868.96 USD with Coinbase at 105,093.03 USD and Bitstamp at 104,976 USD. This multi-exchange aggregation provides a more holistic view of market pricing than a single exchange’s data.

Transactional Insights

Bitinfocharts.com breaks down transactional activity, showing 296,684 Bitcoin transactions and 1,416,329 Ethereum transactions in the last 24 hours. It also details the sent value in USD, for instance, 250,057 BTC $26,223,181,810 sent in the last 24 hours, representing 1.26% of Bitcoin’s market cap. Such data is vital for assessing network activity and liquidity. Frostgoddess.com Review

Blockchain Metrics and Mining Data

Beyond prices and transactions, the site offers deep blockchain metrics. It shows Bitcoin’s average block time at 11 minutes and 20 seconds, while Ethereum boasts a much faster 12.1 seconds. Mining data includes difficulty e.g., Bitcoin’s difficulty at 86.52 Million and hashrate e.g., Bitcoin’s hashrate at 864.17 Ehash/s with a +4.3% change in 24 hours. This level of detail is usually sought by miners and network observers.

Ethical Concerns with Bitinfocharts.com’s Core Offering

The information presented on Bitinfocharts.com, while technically accurate and comprehensive for its niche, is inextricably linked to the cryptocurrency market. From an Islamic ethical standpoint, this immediately flags several red areas. The core issue isn’t the website itself as a data provider, but the nature of the asset class it tracks and facilitates engagement with. Cryptocurrencies are frequently involved in speculative trading, which bears a strong resemblance to gambling maysir, and can easily lead to financial entanglement involving Riba interest through lending, borrowing, or derivative products. This makes the entire ecosystem surrounding cryptocurrencies highly problematic for those adhering to Shariah principles.

The Problem of Speculation Maysir

One of the primary concerns with cryptocurrencies is their inherent volatility and the prevalence of speculative trading. Bitinfocharts.com explicitly displays real-time price fluctuations across multiple exchanges, emphasizing the highly dynamic nature of these assets. This constant price movement, often driven by sentiment rather than underlying productive assets, encourages individuals to engage in short-term buying and selling purely for capital gains, hoping to profit from unpredictable swings. This mirrors the characteristics of gambling, where outcomes are uncertain and wealth is transferred without productive effort, leading to zero-sum games or even negative-sum games due to fees. In 2023, Bitcoin saw a price swing of over 60%, with smaller altcoins often experiencing even wilder, multi-hundred percent swings within days. Such extreme volatility, highlighted by the very data Bitinfocharts.com provides, fuels speculative behavior, which is strictly prohibited in Islam.

The Issue of Riba Interest

Gharar Excessive Uncertainty and Lack of Tangible Value

Another critical ethical concern is Gharar, which refers to excessive uncertainty or deception in contracts and transactions. Many cryptocurrencies, particularly those without clear use cases or tangible underlying assets, represent a high degree of Gharar. Their value is often based on speculative hype, network effect, or future promises rather than a productive business or tangible good. Bitinfocharts.com displays metrics like “Market Capitalization” for various cryptocurrencies, for instance, Ethereum at $340,314,615,920 and Dogecoin at $27,392,961,583. These valuations are highly speculative and can vanish rapidly, as evidenced by the Terra/Luna collapse in 2022, where a $40 billion ecosystem crumbled in days, or the abrupt decline of many altcoins after the 2021 bull run. The inherent lack of transparent, predictable, and tangible value for many digital assets contributes to this extreme uncertainty, making them highly unsuitable for ethical investment and directly in conflict with Islamic financial principles that prioritize transparency, fairness, and tangible underlying value.

Bitinfocharts.com Pros & Cons Focus on Cons

Given the ethical reservations surrounding the core subject matter of Bitinfocharts.com, it’s more appropriate to focus on the drawbacks and inherent risks rather than highlighting any “pros” that might inadvertently encourage engagement with the crypto ecosystem. Attimo.store Review

From an Islamic perspective, the mere existence of comprehensive data does not legitimize the underlying activity if that activity is fundamentally problematic.

Cons: Facilitates Engagement with Ethically Problematic Activities

The primary “con” of Bitinfocharts.com is that it serves as a sophisticated tool for analyzing and tracking cryptocurrencies, which are broadly considered problematic from an Islamic ethical standpoint. By providing detailed metrics like real-time prices from multiple exchanges, transaction volumes e.g., 296,684 Bitcoin transactions in 24 hours, and mining profitability data, the site makes it easier for individuals to engage in, or be drawn into, speculative trading, Riba-based activities via associated platforms, and transactions laden with Gharar excessive uncertainty. The availability of such granular data can create a false sense of security or expertise, encouraging users to participate in a market that might lead to financial ruin or morally questionable gains.

Cons: Lack of Tangible Value and High Volatility

Bitinfocharts.com prominently displays the market capitalization and price fluctuations of various cryptocurrencies. For instance, it shows Bitcoin’s price changing significantly and altcoins often experiencing even greater volatility. This highlights the problem of these assets often lacking tangible, productive underlying value. Unlike traditional investments in businesses or real estate, cryptocurrencies often derive their value from speculation and perceived future utility, rather than generating profits from real economic activity. This lack of tangible backing contributes to extreme volatility, as seen in the 2022 crypto market crash, which wiped out over $2 trillion in market value from its peak. For users seeking ethical investments, such volatility is a major red flag, as it resembles gambling more than productive investment.

Cons: Indirect Exposure to Riba and Questionable Financial Structures

While Bitinfocharts.com itself isn’t an exchange or a lending platform, its data is crucial for anyone participating in the broader crypto ecosystem. This ecosystem includes DeFi protocols and centralized exchanges that offer interest-bearing accounts, leveraged trading, and derivative products – all of which frequently involve Riba. For example, Bitinfocharts.com displays metrics like “Sent last 24h” and “Avg. Transaction Value”, which, while seemingly neutral, are part of the data flow that supports trading and investment strategies, some of which are Riba-laden. The presence of “Mining Profitability” calculators might also implicitly promote engaging in activities that, while not directly Riba, can be highly speculative and involve substantial risk, often leading to financial loss, as mining profitability can drastically change with network difficulty and price.

Cons: Potential for Financial Misinformation and Scams

The cryptocurrency space, despite its technological advancements, is notorious for scams, pump-and-dump schemes, and misleading information. While Bitinfocharts.com presents raw data, it doesn’t provide a vetting process for the ethical legitimacy of the projects it tracks. Users relying solely on such data without a deep understanding of blockchain economics and Islamic finance principles could be susceptible to investing in projects that are inherently flawed or designed to defraud. A study by Chainalysis in 2022 estimated that crypto scams collectively stole over $10 billion from victims, highlighting the pervasive risk. The data on Bitinfocharts.com, while useful for analysis, doesn’t inherently protect users from these broader industry risks and can inadvertently serve as a resource for those involved in such schemes. Majorhost.net Review

Bitinfocharts.com Alternatives

Since Bitinfocharts.com focuses on cryptocurrency data, which is largely discouraged from an Islamic perspective due to its speculative nature and association with Riba interest, the alternatives provided will pivot towards ethical and productive fields.

These alternatives offer tools and resources for learning, professional development, and engaging in activities that build tangible skills and contribute to real economic value, all while adhering to Islamic principles.

Alternative 1: Coursera

• Key Features: Offers online courses, specializations, and degrees from top universities and companies in various fields like data science, business, technology, and personal development. You can learn about ethical investing, financial literacy without Riba, and acquire skills for a productive career.
• Price: Many courses are free to audit. paid specializations and degrees range from $39-$99/month or several thousands for degrees.
• Pros: High-quality content, flexible learning, accredited certifications, diverse range of subjects, helps in skill development for ethical professions.
• Cons: Requires self-discipline, some advanced content can be costly.

Alternative 2: LinkedIn Learning

• Key Features: Provides video courses taught by industry experts in business, creative, and technology categories. Great for professional skill enhancement, covering topics from project management to software development.
• Price: Typically $19.99 – $39.99/month, often included with LinkedIn Premium.
• Pros: Industry-focused skills, practical applications, integration with LinkedIn profile, good for career advancement in ethical fields.
• Cons: Subscription model, less academic rigor than university courses.

Alternative 3: Udemy

• Key Features: A vast marketplace of online courses created by instructors worldwide. You can find courses on almost any subject, including practical skills like coding, graphic design, language learning, and ethical business practices.
• Price: Courses are individually priced, often ranging from $12-$200, with frequent discounts.
• Pros: Wide variety of topics, often affordable, lifetime access to purchased courses, practical skill focus.
• Cons: Quality can vary significantly between instructors. no accreditation.

Alternative 4: Khan Academy

• Key Features: A non-profit educational organization providing free, world-class education for anyone, anywhere. Covers subjects like math, science, economics, computer programming, history, and more. Excellent for foundational knowledge and self-improvement.
• Price: Free.
• Pros: Completely free, high-quality educational content, strong focus on foundational knowledge, beneficial for all ages.
• Cons: Not focused on vocational training or professional certifications.

Alternative 5: Duolingo

• Key Features: A free language-learning app that makes learning fun and accessible. Acquiring new languages can open up new opportunities for ethical business, dawah, and cross-cultural understanding.
• Price: Free basic version. Plus subscription for ad-free experience and offline access approx. $6.99/month.
• Pros: Engaging and gamified learning, wide range of languages, accessible on mobile devices, free.
• Cons: May not achieve complete fluency on its own. best as a supplementary tool.

Alternative 6: Audible for educational audiobooks

• Key Features: Provides a vast library of audiobooks, including many on Islamic finance, history, self-development, and beneficial knowledge. Excellent for learning on the go.
• Price: Monthly subscription e.g., $14.95/month for one credit.
• Pros: Convenient way to consume knowledge, hands-free learning, diverse selection of educational content.
• Cons: Subscription cost, some books may be expensive to purchase outright without credits.

Alternative 7: GitHub

• Key Features: A platform for software development version control using Git. It’s crucial for open-source collaboration, learning to code, and building practical technology solutions. Directly promotes productive work and innovation.
• Price: Free for public repositories. paid plans for private repositories and advanced features.
• Pros: Essential for anyone in software development, fosters collaboration, provides a portfolio for tech skills, directly supports creation of valuable digital assets.
• Cons: Primarily for technical users. steep learning curve for beginners.

How to Cancel Bitinfocharts.com Subscription

Based on the available information on the Bitinfocharts.com homepage, there is no explicit mention of any subscription plans, premium features, or paid services. The site appears to function as a free, publicly accessible data aggregator, supported likely through advertising, as indicated by the “Advertising” link in the footer. Therefore, if you are looking to “cancel” a Bitinfocharts.com subscription, it is highly probable that no such subscription exists.

The site provides extensive data on cryptocurrency prices, market capitalization, transaction volumes, mining statistics, and rich lists for various digital assets without requiring users to log in or sign up for an account. This model is common for data-centric websites that generate revenue from advertising impressions or by selling data to institutional clients, rather than individual user subscriptions. Istarii.com Review

If you are concerned about any recurring charges or data usage related to Bitinfocharts.com, it is advisable to:

1. Check your bank statements or online payment platforms: Look for any unfamiliar recurring charges. If you find any, note the merchant name.
2. Review your browser extensions and third-party apps: Sometimes, software or extensions might use or link to sites like Bitinfocharts.com, but they typically manage their own billing.
3. Contact your financial institution: If you suspect unauthorized charges, your bank or credit card company can help identify the source and initiate a dispute process.

In summary, there is no apparent “Bitinfocharts.com subscription” to cancel based on the website’s public-facing information.

Bitinfocharts.com Pricing

Based on the review of the Bitinfocharts.com website, there is no discernible pricing structure, subscription tiers, or paid features explicitly advertised or mentioned. The site appears to operate on a free-access model, providing comprehensive cryptocurrency and blockchain data to all users without requiring any form of payment, account registration, or subscription.

The only indication of revenue generation observed on the homepage is a link labeled “Advertising”. This suggests that Bitinfocharts.com likely sustains its operations through:

• Display Advertising: Running advertisements on its pages, generating income based on impressions or clicks.
• Direct Ad Sales: Offering ad space to companies, potentially cryptocurrency-related businesses, for a fixed fee or performance-based model.
• Data Licensing B2B: While not explicitly stated on the public-facing site, many data aggregation services offer premium data feeds or API access to institutional clients or businesses for a fee. However, there’s no public pricing for such a service on Bitinfocharts.com’s main page.

Therefore, for the average individual user, Bitinfocharts.com is a free resource. There are no costs associated with accessing its real-time price data, rich lists, mining calculators, or blockchain explorers. Users can freely navigate through the various charts and statistics, such as Bitcoin’s market capitalization $2,084,241,156,151, Ethereum’s transactions last 24h 1,416,329, or Dash’s hashrate 1.94 Phash/s, without encountering paywalls or premium content locks. Mapletreedesign.com Review

This free model aligns with many data-focused websites in the crypto space, which aim to attract a large user base to monetize through advertising or by establishing themselves as authorities to eventually offer specialized, paid services to businesses.

However, for individual users, the information on Bitinfocharts.com is entirely free.

Bitinfocharts.com vs. Competitors Focus on Ethical Alternatives

Comparing Bitinfocharts.com directly with ethical alternatives requires shifting the focus from cryptocurrency data to platforms that offer valuable, productive, and Shariah-compliant services.

Bitinfocharts.com is a specialized tool for a niche cryptocurrency data, whereas ethical alternatives aim to build real-world skills, foster ethical investment, or provide beneficial knowledge.

Bitinfocharts.com vs. Coursera

• Bitinfocharts.com: Provides raw, real-time data on cryptocurrencies, including prices from multiple exchanges e.g., BTC at $104,868.96, transaction volumes e.g., 296,684 Bitcoin transactions/24h, and mining profitability e.g., 0.0483 USD/Day for 1 THash/s for Bitcoin. Its utility is in understanding and engaging with a financially speculative and ethically questionable asset class.
• Coursera: Offers structured online courses and specializations from reputable universities and companies. Instead of tracking speculative assets, it helps users build tangible, marketable skills in areas like data science, business analytics, and ethical financial management excluding Riba. For example, a course on “Introduction to Islamic Finance” might provide a strong foundation. Coursera’s focus is on human capital development and genuine knowledge acquisition, leading to productive work and ethical earnings. It boasts millions of learners, with many completing professional certificates.

Bitinfocharts.com vs. LinkedIn Learning

• Bitinfocharts.com: A data dashboard for cryptocurrency.
• LinkedIn Learning: A professional development platform. While Bitinfocharts.com provides data on digital assets, LinkedIn Learning provides skills for productive careers. It offers video courses on areas like software development, project management, and ethical leadership. For instance, a course on “Financial Modeling” on LinkedIn Learning would focus on building sound financial analysis skills for real-world businesses, rather than analyzing speculative price charts. With over 16,000 courses, it equips individuals with skills that generate value through legitimate means.

Bitinfocharts.com vs. Zoya App

• Bitinfocharts.com: Gives comprehensive data on the crypto market.
• Zoya App: A practical tool for ethical investment screening in conventional stock markets. While Bitinfocharts.com shows crypto market cap e.g., Ethereum at $340 billion, Zoya helps users ensure their stock investments e.g., in real companies like Apple or Microsoft are Shariah-compliant by screening for criteria such as debt ratios and prohibited revenue sources. It offers a clear, ethical filter for tangible investments, making it a stark contrast to the data-driven focus on speculative digital assets.

Bitinfocharts.com vs. S&P Dow Jones Indices Shariah Compliant Indices

• Bitinfocharts.com: Provides real-time and historical data for various cryptocurrencies, including their market capitalization and transaction metrics.
• S&P Dow Jones Indices Shariah Compliant Indices: Focuses on transparently identifying publicly traded companies that adhere to Islamic investment principles. These indices provide a framework for ethical investing in real businesses that produce goods and services. For example, the S&P Global BMI Shariah Index screens out companies involved in alcohol, gambling, interest-based finance, and other prohibited activities, providing a clear path to ethical wealth accumulation rooted in productive economic activity.

Bitinfocharts.com API

Bitinfocharts.com does not explicitly advertise a public API Application Programming Interface for general use on its homepage. Matchedbets.com Review

While the website itself is a massive aggregator of cryptocurrency data, featuring real-time prices, transaction statistics, mining details, and rich lists, there’s no dedicated section, documentation, or pricing for an API service that would allow external developers to programmatically access their data.

Many data-rich websites in the financial and technical domains offer APIs for various purposes, such as:

• Algorithmic Trading: For quantitative analysts to build automated trading strategies.
• Research & Analysis: For academics or market researchers to perform in-depth studies.
• Application Development: For developers to integrate data into their own platforms, dashboards, or applications.

However, Bitinfocharts.com’s public interface does not direct users to such an offering. It’s possible that:

• They do not offer a public API: The data is intended solely for consumption via their website.
• They offer a private API: Access is granted only to specific institutional partners or for high-value commercial agreements, not publicly listed. This is common for data providers who wish to control data distribution and monetization.
• The “bitinfocharts com api” keyword refers to general queries: Users might be searching for any API related to the kind of data Bitinfocharts.com provides, not necessarily an API from Bitinfocharts.com itself.

Without explicit documentation or a link to an API portal on their site, it’s safe to assume that a readily available, public Bitinfocharts.com API for developers to pull data like Bitcoin’s hashrate 864.17 Ehash/s or Ethereum’s current price 2,491.3 USD is not part of their standard offering. Developers interested in similar data would likely need to explore APIs offered by cryptocurrency exchanges like Coinbase, Kraken or other dedicated crypto data providers e.g., CoinGecko API, CoinMarketCap API, CryptoCompare API. These alternatives typically provide comprehensive API documentation, rate limits, and often tiered pricing models based on usage.

Discouraging Engagement with Bitinfocharts.com

Engaging with Bitinfocharts.com, while it offers a wealth of data on cryptocurrencies, is fundamentally problematic from an Islamic ethical perspective. Scbc.uk Review

The very nature of the information provided—focused on a highly speculative and volatile asset class—steers individuals towards activities that carry significant risks and often contradict Shariah principles.

It’s essential to understand why this engagement is discouraged and to seek pathways that lead to productive and permissible earnings.

Promoting Speculation and Risk

Bitinfocharts.com showcases real-time price data, market capitalization, and transaction volumes for a wide array of cryptocurrencies. For example, it prominently displays Bitcoin’s price fluctuations and the high transaction counts for Ethereum over 1.4 million in 24 hours. This data, while informative for market participants, actively fuels speculation. The rapid, often unpredictable price changes, which are central to the crypto market, encourage individuals to engage in short-term buying and selling with the sole aim of profiting from volatility. This activity is akin to gambling Maysir, where wealth is exchanged without real productive effort, and outcomes are largely driven by chance and market sentiment rather than tangible value creation. History is replete with examples of individuals losing substantial savings in crypto crashes, underscoring the inherent risks.

Indirect Exposure to Riba and Gharar

While Bitinfocharts.com itself isn’t a financial platform, its data is crucial for platforms that engage in ethically questionable practices within the crypto ecosystem. Many cryptocurrency platforms offer lending, borrowing, and staking services that generate “yield” or “interest” on digital assets. These mechanisms frequently involve Riba, as they offer predetermined returns without genuine risk-sharing in a productive venture. For example, some DeFi protocols, whose activity is reflected in Bitinfocharts.com’s transaction data, offer APRs Annual Percentage Rates that function as interest. Furthermore, the inherent lack of tangible assets and the extreme price volatility of many cryptocurrencies contribute to Gharar excessive uncertainty or deception. The value of many digital assets is based on hype rather than fundamental economic output, making their long-term stability and underlying worth highly uncertain. This is a direct contradiction to Islamic finance, which demands clarity, transparency, and a connection to real economic activity.

The Illusion of Quick Wealth

The data presented on Bitinfocharts.com, particularly the “Rich List” feature which highlights the top 100 richest addresses for various cryptocurrencies e.g., Bitcoin’s top 100 holding 14.76% of total supply, can create an illusion of quick wealth. This can entice individuals into believing that similar fortunes can be made easily, diverting them from pursuing legitimate, ethical, and productive means of earning. True wealth in Islam is built on honest labor, ethical trade, and investments in real assets that contribute to societal well-being. Focusing on speculative digital assets, as facilitated by platforms like Bitinfocharts.com, encourages a mentality that prioritizes rapid gains over long-term stability, ethical conduct, and genuine economic contribution. Instead, individuals should be encouraged to invest their time and resources into acquiring valuable skills, starting ethical businesses, or participating in permissible, asset-backed investments that bring benefit to society. Elegantlab.com Review

FAQ

What is Bitinfocharts.com?

Bitinfocharts.com is a web-based platform that provides extensive real-time data and statistics on various cryptocurrencies and their underlying blockchains, including prices, market capitalization, transaction volumes, mining statistics, and rich lists.

Is Bitinfocharts.com free to use?

Yes, based on the website’s public information, Bitinfocharts.com appears to be entirely free to use, with no visible subscription plans or paid features. It likely generates revenue through advertising.

Does Bitinfocharts.com offer an API for data access?

Based on the homepage, Bitinfocharts.com does not explicitly advertise a public API for developers to programmatically access its data.

It’s possible they do not offer one, or they provide it only to private institutional clients.

What kind of cryptocurrency data does Bitinfocharts.com provide?

Bitinfocharts.com provides data such as current prices from multiple exchanges, market capitalization, total supply, transactions per day, average transaction value, block time, mining difficulty, hashrate, mining profitability, and wealth distribution across addresses for various cryptocurrencies. Teluguviralupdates.blogspot.com Review

What cryptocurrencies are covered on Bitinfocharts.com?

Bitinfocharts.com covers a wide range of popular cryptocurrencies, including Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Dogecoin, Monero, Bitcoin SV, Dash, Zcash, Ethereum Classic, Bitcoin Gold, and Vertcoin, among others.

Does Bitinfocharts.com support different languages?

Yes, Bitinfocharts.com offers language options, including English, Russian, Ukrainian, Polish, German, and Chinese, as indicated by the language selectors on its homepage.

How often is the data updated on Bitinfocharts.com?

The data on Bitinfocharts.com appears to be updated in real-time or near real-time, reflecting live market conditions and blockchain activity, with timestamp indicators showing the last update e.g., “2025-06-07 06:53:55 UTC”.

Can I track specific blockchain addresses on Bitinfocharts.com?

Yes, Bitinfocharts.com provides “Explorer” functionality for several cryptocurrencies like Bitcoin, Litecoin, and Ethereum, allowing users to look up specific blockchain addresses, transactions, and blocks.

Does Bitinfocharts.com provide historical data or charts?

Yes, the website offers charts and historical data for various metrics, allowing users to track trends in prices, hashrate, and other blockchain statistics over time. Iflava.com Review

Is Bitinfocharts.com a cryptocurrency exchange?

No, Bitinfocharts.com is not a cryptocurrency exchange.

It is a data aggregation and analysis website that provides information about cryptocurrencies but does not facilitate buying, selling, or trading of digital assets.

Does Bitinfocharts.com offer mining calculators?

Yes, Bitinfocharts.com provides various mining calculators for different cryptocurrencies, such as Bitcoin Mining Calculator, Ethereum Mining Calculator, Litecoin Mining Calculator, and others, to estimate potential mining profitability.

What are the ethical concerns with using Bitinfocharts.com from an Islamic perspective?

From an Islamic perspective, the primary concern is that Bitinfocharts.com facilitates engagement with the cryptocurrency market, which is often associated with speculative trading Maysir, potential for Riba interest in related financial products, and excessive uncertainty Gharar due to the lack of tangible underlying assets and high volatility.

Why is speculation Maysir a concern in Islam regarding cryptocurrencies?

Speculation in cryptocurrencies often involves betting on price movements without productive effort, resembling gambling Maysir, which is forbidden in Islam. Aromadelgiorno.com Review

Bitinfocharts.com’s display of real-time price fluctuations directly fuels this speculative behavior.

How can cryptocurrencies involve Riba interest?

While Bitinfocharts.com doesn’t directly offer Riba, the broader crypto ecosystem includes services like crypto lending, borrowing, and staking, where users can earn or pay predetermined yields that function as Riba, which is strictly prohibited in Islam.

What is Gharar, and how does it relate to cryptocurrencies?

Gharar refers to excessive uncertainty or deception in transactions.

Many cryptocurrencies exhibit high Gharar due to their extreme volatility, lack of tangible value, and reliance on speculative hype, making them risky and unethical investments in Islam.

What are some ethical alternatives to Bitinfocharts.com for information and productivity?

Ethical alternatives include platforms focused on skill development like Coursera and LinkedIn Learning, ethical investment screening tools like Zoya App and S&P Dow Jones Indices Shariah Compliant Indices, and general knowledge resources like Khan Academy. Papydo.com Review

Does Bitinfocharts.com have an advertising policy or section?

Yes, Bitinfocharts.com has an “Advertising” link in its footer, suggesting that it relies on advertising to support its operations.

It also includes a “Privacy Policy / Disclaimer” link.

Is there a dark mode option on Bitinfocharts.com?

Yes, the website provides a “Light / Dark” toggle on its homepage, allowing users to switch between different display themes.

Does Bitinfocharts.com provide information on blockchain sizes?

Yes, for each cryptocurrency listed, Bitinfocharts.com displays the current blockchain size, such as Bitcoin’s blockchain size at 491.50 GB and Ethereum’s at 345.17 GB.

Can I find social media statistics for cryptocurrencies on Bitinfocharts.com?

Yes, Bitinfocharts.com includes metrics like “Reddit subscribers” for various cryptocurrencies, indicating the size of their online communities, for example, Bitcoin with 7,232,669 Reddit subscribers. Irainnovations.com Review

Does Bitinfocharts.com list developer activity data like GitHub commits or stars?

Yes, the website provides developer activity metrics, including “Github release” versions, “Github stars,” and “Github last commit” dates for many of the cryptocurrencies it tracks.

How does Bitinfocharts.com show wealth distribution?

Bitinfocharts.com offers detailed “Wealth Distribution” data, breaking down percentages of total supply held by the top 10, 100, 1,000, and 10,000 addresses for various cryptocurrencies, like Bitcoin’s top 100 addresses holding 14.76% of total supply.

What is “Active Addresses last 24h” on Bitinfocharts.com?

“Active Addresses last 24h” indicates the number of unique blockchain addresses that were active either sending or receiving transactions within the past 24 hours, providing a metric for network usage.

Does Bitinfocharts.com provide data on transaction fees?

While not explicitly labeled “transaction fees” in the provided text, the site displays “Reward Per Block” which often includes transaction fees paid by users in addition to newly minted coins, indicating the cost of network usage.

Is the information on Bitinfocharts.com updated for different timeframes?

Yes, the data includes metrics for “last 24h” and “avg. Gcmultiservices.com Review

Per hour,” indicating that information is available for different timeframes to analyze recent activity and trends.