Rain Review

Summary: Rain is a digital asset exchange that offers over 70 cryptocurrencies to customers across the Middle East and North Africa (MENA) region. Established in Bahrain, Rain is regulated by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market (ADGM). It provides advanced trading features, competitive fees, mobile and desktop compatibility, and multilingual customer support available in Arabic, English and Turkish.

What is Rain?

Founded in 2017, Rain is a leading cryptocurrency exchange tailored for users in the Middle East. Rain has a simple user interface that allows traders to buy, sell, and swap over 70 different cryptocurrencies. The exchange emphasizes security with its bank-grade, proprietary cold storage system that safely manages digital assets offline. Rain offers 24/7 bilingual support, ensuring that customer interactions are handled by humans rather than automated systems. 

Noteworthy features include a comprehensive portfolio management tool across all devices, the ability to quickly swap between cryptocurrencies, and fast account verification within 24 hours. For larger transactions, Rain provides an over-the-counter (OTC) trading desk, offering a more personalized trading experience. As a trusted platform, Rain is backed by significant players, including the Dubai Financial Centre and major venture firms in Silicon Valley.

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Rain Features

Rain has a range of user-friendly features that cater to traders of all experience levels. These include a simple and intuitive interface, advanced trading options with limit and market orders, as well as API support for automated trading. Here are some of the main offerings on the platform:

1. Multilingual Customer Support: Get 24/7 assistance via live chat, phone, and email in several languages, including English, Arabic and Turkish.
2. Trade 70+ Cryptocurrencies: Buy and sell a variety of the most popular tokens, including Bitcoin, Ethereum, Solana, Ripple and Tether.
3. Mobile App: Rain provides a mobile app on both iOS and Android devices. The app features a sleek design and intuitive interface, making it easy for users to monitor their portfolios, execute trades, and manage their accounts from anywhere.
4. Rain Learn: Educational resources to help users start their cryptocurrency journey and update you with the latest news and trends.
5. Zero Trading Fees: Pay no fees to deposit and withdraw funds from the platform, plus zero commissions on trading fees. 
6. OTC Desk: Offers the first regulated OTC desk in the Middle East for high-volume trading, providing enhanced privacy, better pricing, deep liquidity, and additional services like liquidity and risk management for transactions starting from $100,000.
7. Supported in Multiple Countries: Rain primarily serves Middle East and North Africa (MENA) customers, which include Bahrain, the United Arab Emirates, Saudi Arabia, Kuwait, Oman, and Jordan. 

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Is Rain Regulated?

Rain Management W.L.L. is recognized for its robust security measures and is licensed by the Central Bank of Bahrain (CBB) as a Category 3 Crypto-Asset Services Provider. It is the first fully licensed cryptocurrency exchange in the Middle East, receiving a Crypto-Asset Module (CRA) license from the CBB in 2019. Rain operates under strict regulatory standards similar to those applied to traditional financial institutions, which means it adheres to rigorous cybersecurity rules and banking requirements.

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Is Rain Safe?

Security is a top priority at Rain, and the exchange employs industry-standard practices to safeguard users' assets, including two-factor authentication (2FA), SSL encryption for secure data transmission and it undergoes regular audits by third-party security firms. The platform ensures the safety of user assets through a combination of proprietary cold storage systems and bank-grade security protocols, effectively minimizing the risk of cyber threats. 

This level of oversight and security infrastructure provides a trustworthy environment for trading and storing cryptocurrencies. These comprehensive security measures make Rain one of the safest platforms for digital asset transactions in the Middle East.

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Fees Schedule

Rain is an attractive option for traders looking to minimize costs. The platform operates on a zero-cost structure, meaning it charges no fees when depositing funds, withdrawing funds, or trading assets. Trading fees can significantly impact the profitability of cryptocurrency transactions. Rain offers zero trading fees, ensuring that users get the best value for their money.

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OTC Desk

Rain presents its Over-The-Counter (OTC) trading desk specially designed for high-volume cryptocurrency trading. It was the first regulated OTC desk in the Middle East, and caters to investors interested in substantial transactions, facilitating trades via a private broker-dealer network that enhances privacy and reduces exposure to slippage. It has a minimum transaction threshold set at $250,000 for major coins and $100,000 for others.

The OTC desk offers numerous advantages, including enhanced privacy, better pricing, deep liquidity, faster fund access, and personalized VIP services. Added services such as liquidity management, asset custody, and risk management are available, making Rain a comprehensive solution for large-scale crypto trading needs.

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Bottom Line

Rain has established itself as a leading cryptocurrency exchange in the Middle East, offering competitive fees, user-friendly features, a multilingual interface, and robust security measures. With a strong focus on customer support, accessibility, and a growing list of available cryptocurrencies, Rain is an excellent choice for traders in the MENA region and beyond.