Rain allows you to securely buy, store and sell cryptocurrencies like Bitcoin, Ethereum, Litecoin. You can use your bank account or card to purchase cryptocurrency instantly through Rain. Rain /5(). Rain is the first cryptocurrency exchange to earn a regulatory license in the Middle East and joins an elite group of exchanges internationally. Rain is a cryptocurrency platform in the Middle East, headquartered in the Kingdom of Bahrain. We are licensed and regulated by the Central Bank of Bahrain (CBB). Rain enables you to buy, sell, and store bitcoin and other cryptocurrencies, in a regulated, secure, and compliant way.
Rain bitcoinRain: Buy & Sell Bitcoin on the App Store
I have tried different exchanges and never had a better experience than using this platform. Hello Fahad, thank you for your support. We hope you continue to enjoy using our app and service. If you have any feedback or suggestions, please write to us at support rain. We would love to hear from you. Be aware after i send them all my info, passsport and bank statments and all info requested they verified me for 1 month i started to purchase and everything was goos, suddenly they stopped the account and refused to say why!
And continued as nothing happened, they collected my info and stopped the service! Not reliable , if you want to put it in mind! Not reliable to purchase btc whenever you want because there is always surprises with there services, plz be aware from your personal info! Do not trust Do not trust Do not trust bad service.
We apologize for the experience. Please reach out to support rain. I like the app and all put please add more crypto like xlm. Hello, thank you for your feedback and support. Rain is always looking into improving our features and to expand the supported currencies list, to increase the trading opportunities for our clients.
Learn More. Requires iOS Compatible with iPhone, iPad, and iPod touch. App Store Preview. Yet they are quite a bit higher than Binance, for example, which charges 0. You can withdraw any supported cryptocurrency or fiat currency to any wallet of your choosing or a previously-linked bank account. Rain charges flat fees for withdrawls, which are outlined below.
Note that your bank and any intermediaries may also charge fees. When it comes to tax time, you might find yourself wanting a complete history of all your trades so you can accurately calculate capital gains. Rain makes it easy to do this. Navigate to your account settings, and select Reports. You can filter by date, asset, and transaction type Buy, Sell, Send, Receive.
Overall, Rain is a great option for cryptocurrency investors in the Middle East who are looking for a high level of regulation, high purchasing limits, and comprehensive customer support.
Rain provides just about every feature an investor rather than trader would likely make use of. It supports deposits and withdrawals in five local fiat currencies as well as the U. Though using any exchange requires you to trust them with your money, some are more committed to security than others. It is the only exchange to be licensed as such in Bahrain and the Middle East. Eager to show off its credentials, Rain has even published a guide on how to verify that it is in fact licensed by the CBB.
Rain also offers support for two-factor authentication 2FA. You can secure your account using Authy or Google Authenticator, which adds another level of security beyond your password. Rain is based in Bahrain and serves a number of countries located in the Arabian Gulf. In addition to the number one cryptocurrency of them all BTC , Rain supports three major altcoins.
You can use Rain to buy, sell, and trade:. Currently, you cannot convert between cryptocurrencies on Rain. You can buy Bitcoin and altcoins with fiat and sell them back to fiat, but you cannot convert between them. Rain supports the national fiat currency of each country it serves, as well as the U. This means that you can trade with:.
Rain supports a number of different payment methods. Residents of any country serviced by Rain can use a Visa, MasterCard, or linked bank account to buy cryptocurrency. Users pay a 1. Deposits are free, as are fiat currency withdrawals inside Bahrain. Bank transfers outside of Bahrain will incur a 50 SAR flat fee.
Withdrawals of Bitcoin or Ethereum will incur a dynamic network fee, which varies depending on netowrk congestion. Withdrawals of Litecoin and XRP are free. Purchasing limits are very high, with an initial weekly limit of BHD 3,, If you find yourself needing to purchase more than BTC per week, you can contact Rain and provide additional documentation to increase your limit.
There is also a live chat feature where you can talk with a Rain customer service representative in real time. Rain claims an average response time of under 5 minutes. It offers personalized cryptocurrency buying, selling, and custody services to high-net-worth individuals, businesses, and family offices.
Rain released a statement expressing their excitement at being approved. PII is information that you submit in order to be able to use the exchange. Your PII may only be used:. Anti-money laundering AML laws are very strict and require a lot of information to be collected and stored. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only.