I’ve been in the crypto game for a while now, and I’ve seen how much Rain.com has become a key player for both newbies and old hands in the Middle East. They focus on regulations, which is important. Plus, their security is top-notc,h and they care about making the user experience great. It’s one of the best places to buy, sell, and store cryptocurrencies in the MENA area.
Overview of Rain.com
Rain.com got started back in 2017 by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago, and Yehia Badawy. It was the first crypto exchange to join the Central Bank of Bahrain’s (CBB) regulatory sandbox, which opened the door for real and Sharia-compliant digital asset trading in the Middle East. By 2019, Rain became the first licensed crypto-asset service provider in the region and has since added regulatory approvals in the UAE and Turkey.
Rain wants to make digital currency more accessible and help with financial inclusion using technology. Their goal is to build trust in digital exchanges and shake up the financial world. The platform runs on strong values like integrity, innovation, and inclusion, which ensure everyone has a safe and clear trading experience.
Key Features and Services
- Spot Trading: Over 1000 supported cryptocurrencies, including Bitcoin, Ethereum, Tether, and Solana.
- Rain Pro: Advanced trading platform for professional users, offering sophisticated charting and order types.
- OTC Trading: Large-volume trades with dedicated support and minimal slippage.
- Mobile App: Available on iOS and Android for seamless trading on the go.
- Sharia Compliance: Adheres to Islamic finance principles, making it accessible to a broader regional audience.
- Cold Storage: The Majority of user assets are held offline in multi-signature wallets for maximum security.
Latest Statistics
- Trading Volume: In Q1 2025, Rain processed approximately 3.7 million transactions, totaling $4 billion in volume.
- User Base: Over 1.2 million users have signed up, reflecting Rain’s dominance in the MENA region.
- Market Share: Rain is widely considered the leading regulated exchange in Bahrain and is rapidly expanding in the UAE and broader Middle East.
- Funding: Raised $110 million in Series B funding in 2022, with investors like Coinbase Ventures and Paradigm, valuing the company at $390 million pre-money.
Rain.com Pros And Cons
- User-friendly, bilingual interface (Arabic/English)
- Strong regulatory compliance and Sharia adherence
- Multi-layered security with cold storage and multi-signature wallets
- Wide range of supported cryptocurrencies
- 24/7 customer support in multiple languages
- Local currency support (BHD, AED, SAR, KWD)
- Mobile app and Apple Pay integration for easy payments
- Limited availability outside the MENA region
- Higher fees compared to some global exchanges
- Limited advanced trading features for professional traders (though Rain Pro is closing this gap)
- Occasional delays in KYC during peak periods
Rain.com vs. Other Middle Eastern Exchanges
Criteria | Rain.com | BitOasis | CoinMena |
Fees | 0.5% spot, 0% promo | 0.25%-0.5% | 0.25%-0.75% |
Supported Cryptocurrencies | Over 1000 | 40+ | 30+ |
Security | Cold storage, multi-sig | Cold storage, 2FA | Cold storage, 2FA |
User Experience | Bilingual, mobile app | English, Mobile app | English, Mobile app |
Customer Support | 24/7, Arabic/English | 24/7, English | 24/7, English, Arabic |
Sign up today at Rain.com and take your digital asset journey to the next level.
Deposit and Withdrawal Methods
- Bank Transfers: Local bank transfers in BHD, AED, SAR, KWD, and USD. Processing time: 1-2 business days.
- Credit/Debit Cards: Instant deposits, subject to card issuer policies.
- Apple Pay: Instant, convenient for iOS users.
- Withdrawal Methods: Bank transfer (1-2 business days), crypto withdrawals (typically within minutes).
Trading Fees
- Spot Trading: Standard fee is 0.5%, with periodic promotions offering 0% trading fees.
- OTC Trades: Negotiable, typically lower for high-volume trades.
- Comparison: Rain’s fees are competitive in the MENA region but may be slightly higher than some global platforms.
Deposit and Withdrawal Fees
- Deposits: Free for local bank transfers; credit/debit card deposits may incur a 2-3% fee depending on the card provider.
- Withdrawals: Bank withdrawal fees range from free to a nominal fixed fee (varies by country and currency); crypto withdrawals are subject to network fees only.
KYC Process and Requirements
Step 1: Register with your email and set a secure password.
Step 2: Submit government-issued ID (passport, national ID, or driver’s license).
Step 3: Provide proof of address (utility bill or bank statement).
Step 4: Take a selfie for biometric verification.
Processing Time: Typically 1-2 business days, though it can take longer during high-demand periods.
Benefits of Using Rain.com
Security: Multi-signature cold storage and strict internal protocols safeguard assets.
Local Focus: Supports regional currencies and payment methods, making it accessible to MENA users.
Community and Education: Rain Learn provides resources for beginners and advanced traders alike. Institutional
Services: Rain Brokerage and Rain Pay are here for businesses and folks with a lot of money to invest. User Reviews: Lots of users love how responsive Rain’s support team is and how easy it is to use, especially for people new to buying crypto around here.
Frequently Asked Questions – FAQs
How do I create an account on Rain.com?
What cryptocurrencies are supported?
How can I contact customer support?
What security measures are in place?
How do I deposit and withdraw funds?
Conclusion
Rain.com is raising the bar for crypto exchanges in the Middle East. They focus on staying compliant with regulations while making security top-notch and keeping the user experience in mind. There’s room for growth, like adding more advanced trading features and lowering fees. But Rain’s dedication to being open and innovative sets them apart as a favorite for both beginners and seasoned investors alike.
