Rain Review

Summary: Rain is a cryptocurrency exchange that supports diverse range of cryptocurrencies to customers across the Middle East and North Africa (MENA) region. Established in Bahrain, Rain is licensed and regulated by the Central Bank of Bahrain (CBB), ensuring adherence to stringent security protocols and offering unparalleled asset protection. Boasting a user-friendly interface, advanced trading features, competitive fees, and responsive customer support, Rain has emerged as a top choice for novice and experienced traders.

Rain Features

Rain boasts a range of user-friendly features that cater to both new and experienced traders. These include a simple and intuitive interface, advanced trading options with limit and market orders, as well as API support for automated trading. Furthermore, Rain offers a referral program, enabling users to earn a commission for inviting friends to the platform.

1. Multilingual Customer Support: Get 24/7 assistance in several languages including English, Arabic and Turkish.
2. Trade 100+ Cryptocurrencies: Buy and sell a variety of the most popular tokens, including Bitcoin, Ethereum and Tether.
3. Mobile App: Manage your Cryptocurrency on the go with the all-inclusive Rain mobile app, supported on both Apple and Android devices.
4. Rain Learn: Educational resources to help you start your Crypto journey and update you with the latest news and trends.
5. 0% Fees: Pay zero fees to deposit and withdraw funds from the platform, plus zero commissions on trading fees. 
6. OTC Desk: Personalized service to Over-The-Counter orders from institutional level customers.

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Security and Regulation

Security is a top priority at Rain, and the exchange employs industry-standard practices to safeguard users' assets, including two-factor authentication (2FA), cold multi-signature wallets to secure user funds, SSL encryption for secure data transmission and it undergoes regular audits by third-party security firms. Rain is also the first fully licensed cryptocurrency exchange in the Middle East, receiving a Crypto-Asset Module (CRA) license from the Central Bank of Bahrain in 2019.

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Fees Schedule

Rain is an attractive option for traders looking to minimize costs. The platform operates on a zero fee structure. This means that there are no fees charged by Rain when depositing funds, withdrawing funds and 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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Available Countries

Rain primarily serves Middle East and North Africa (MENA) customers. It's available to users in Bahrain, United Arab Emirates, Saudi Arabia, Kuwait, Oman, and Jordan, among other countries. Users from different regions may also sign up, but access to certain features and services may be limited.

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Customer Support Options

The exchange is committed to providing exceptional customer support. Users can access a comprehensive help centre with FAQs and helpful articles or submit a support ticket for personalized assistance. Additionally, Rain offers live chat support, ensuring that users can receive timely and efficient help when needed. This feature is available in three languages including English, Arabic and Turkish.

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Mobile Application

Rain offers a mobile app for on-the-go trading on both iOS and Android devices. The app features a sleek design and intuitive interface, making it easy for users to monitor their portfolio, execute trades, and manage their accounts from anywhere. It is currently rated 4.7 stars from 2.4K ratings and is ranked #42 overall in the Finance category on the Apple App Store.

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The Bottom Line

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