About Rain

Rain is a Bahrain-based crypto exchange built around regulation, simplicity, and security. Licensed by the Central Bank of Bahrain as a Category 3 Crypto-Asset Services Provider, it gives users across the Middle East a compliant way to trade digital assets with local currency support.

Rain offers spot trading, fast account verification, and transparent maker-taker fees. Its Rain Pro platform adds advanced charting and conditional orders for active traders, while its OTC desk caters to individuals and institutions needing large-volume execution with private settlement. 

Although its user base is concentrated in Bahrain, the UAE, Saudi Arabia, Kuwait, and Jordan, Rain has gained broader visibility through backing from global investors such as Coinbase Ventures and Paradigm. As a result, it has become one of the most recognized regulated exchanges in the Middle East.

Rain Features

Rain offers a set of trading, security, and portfolio tools designed to make cryptocurrency investing straightforward for users across the Middle East. Its core features focus on regulated access, simple onboarding, and secure asset management.

Spot Trading

Rain supports more than 70 cryptocurrencies, allowing users to buy, sell, and hold assets with local currency deposits. Trading is handled through a clean interface where users select a pair, enter an amount, and confirm the order. Maker and taker fees are fixed at 0.10% and 0.25%.

Instant Crypto Swaps

The swap feature lets users move between assets without navigating full order books. A user selects the two coins, enters the amount, and the system displays the conversion quote before completing the swap. It delivers faster execution for those who want to rebalance their holdings quickly.

Rain Pro (Advanced Trading)

Rain Pro caters to active traders with in-depth charting, technical indicators, and conditional order types such as market and limit orders. This mode is accessed through the main dashboard and provides minute-by-minute market tracking. It offers more control over entry and exit points for users who trade frequently.

OTC Desk for Large Orders

Institutions and high-net-worth individuals can use Rain’s OTC desk for large trades that require private settlement and tailored pricing. A dedicated team coordinates execution and settlement directly with the client.

Together, these features position Rain as a regulated, secure, and easy-to-use platform for users who want dependable access to digital assets, whether they are trading small amounts, exploring advanced strategies, or executing larger transfers through OTC channels.

Rain Available Countries

Rain is headquartered in Bahrain, but its services extend across several Middle Eastern markets, including Gulf-region states. Among the countries where residents can open an account are: Bahrain, Kuwait, Saudi Arabia, Oman, Qatar, United Arab Emirates (UAE), Jordan, Egypt, Morocco and Turkey.

Accepted Fiat Currencies

Rain accepts fiat deposits in multiple local currencies, making it easier for users across its supported region to fund accounts in their native currency.

Some of the fiat currencies supported include:

• Bahraini Dinar (BHD) - the local currency of its home market.
• United Arab Emirates Dirham (AED) for users in the UAE.
• Saudi Riyal (SAR) for users in Saudi Arabia.
• Kuwaiti Dinar (KWD) for Kuwaiti users.
• Omani Rial (OMR) for users in Oman.
• Qatari Riyal (QAR) to serve users in Qatar.
• Turkish Lira (TRY) - Rain reportedly supports TRY, reflecting its outreach to some users in Turkey or related markets.
• US Dollar (USD) - Rain also allows deposits and withdrawals in USD, which can serve expatriates or those preferring a global fiat baseline.

This multi-fiat support lets users transact with minimal forex friction and increases accessibility for a range of nationalities.

Supported Languages

To accommodate its regional reach and international users, Rain supports multiple languages for its platform interface and customer support. The exchange provides services in Arabic, Turkish and English.

This language flexibility helps Rain serve a diverse audience across the Middle East, Turkey and beyond.

Is Rain Safe?

Rain has placed a strong emphasis on regulatory compliance and infrastructure security to deliver a safer crypto experience. The exchange holds a Category 3 license from the Central Bank of Bahrain under Rain Management W.L.L., becoming the first regulated crypto-asset exchange in the Middle East.

Rain protects customer funds using a layered security model. It utilises cold-storage custody provided by a reputable third-party custodian to safeguard the majority of user assets. User accounts are safeguarded by mandatory identity verification (KYC), bank-grade encryption, and secure wallet storage protocols.

Security Track Record

Until recently, Rain maintained a clean public security record. Its regulatory registration, transparent compliance, and alignment with global custody standards helped build trust across the Middle East and beyond.

However, in April 2024, the exchange suffered a significant security incident. A security breach resulted in suspicious outflows, later estimated around USD 14.8 million, which were transferred from wallets believed linked to Rain. Rain publicly acknowledged the hack, stated that it would absorb the financial loss, and committed to enhanced security controls to prevent a recurrence.

While no platform can guarantee zero risk, Rain has demonstrated readiness to respond to security events and a willingness to use its own funds to cover customer liabilities. Combined with its regulated status and custody practices, this gives Rain a credible, though not flawless, security profile among global crypto exchanges.

Fees Schedule

Rain’s fee structure is built to keep pricing clear for users while maintaining a regulated trading environment. This approach gives traders full visibility into their costs at each step and aligns with Rain’s broader commitment to compliance and transparency.

Trading Fees

When buying, selling or swapping digital assets on Rain, the quoted price includes the market rate plus a 0.5% fee. This applies whether a user pays with existing balance funds or a linked bank card. The platform shows the exact fee and final execution price before the trade is confirmed.

Bank Withdrawal Charges

Local fiat withdrawals in jurisdictions where Rain holds banking relationships, such as Bahrain and the UAE, carry no bank charges. Users receive the full requested amount. For international withdrawals, fixed charges are applied per currency to cover intermediary bank fees:

• SAR withdrawals: SAR 50
• KWD withdrawals: KWD 5
• AED withdrawals (international only): AED 50
• OMR withdrawals: OMR 5
• USD withdrawals: USD 15

Rain’s 0.5% trading fee is higher than Binance’s base rate of 0.1%, but Rain provides regulated access, local banking support and straightforward pricing without tiered schedules. Binance offers lower starting fees, though its volume-based structure is more complex. For users who value regulation and simple deposits across Gulf countries, Rain remains a practical option.

Is Rain Shariah Compliant?

Yes, the Shariyah Review Bureau (SRB), a Sharia advisory firm licensed by Central Bank of Bahrain (CBB), has reviewed the operations of Rain and certified that its brokerage, trading and custodial services comply with Sharia principles.

That means the sale, purchase and storage of certain cryptocurrencies offered by Rain have been judged free from prohibited elements like interest (riba), excessive uncertainty (gharar), or exploitation. Rain’s model treats crypto assets as legitimate, tradeable property under Islam-compliant rules, rather than speculative derivatives.

By offering an exchange that meets Islamic-finance standards, Rain aims to make cryptocurrency investing accessible for retail and institutional Muslims, family offices, and investors who require faith-aligned financial services.

Final Thoughts

Rain stands out in the Gulf region by combining regulatory compliance, user-friendly fiat support and local custom support, advantages not always matched by global giants such as Binance or Coinbase. 

While those platforms may offer lower base fees or more features and trading types, Rain delivers a simpler, tailored experience that avoids complex fee tiers and supports local currencies in the Middle East.