As a seasoned crypto investor who has navigated the evolving landscape of digital assets in the Middle East, I’ve witnessed firsthand how Rain.com has become a cornerstone for both new and experienced traders in the region. With its regulatory-first approach, robust security, and commitment to user experience, Rain.com stands out as a premier platform for buying, selling, and storing cryptocurrencies in the MENA market.
Overview of Rain.com
Founded in 2017 by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago, and Yehia Badawy, Rain.com was the first crypto exchange to enter the Central Bank of Bahrain’s (CBB) regulatory sandbox, paving the way for legitimate, Sharia-compliant digital asset trading in the Middle East. In 2019, Rain became the first licensed crypto-asset service provider in the region and has since expanded its regulatory approvals to the UAE and Turkey.
Rain’s mission is to bridge digital currency accessibility and empower financial inclusion through technology, with a vision to foster trust in digital exchanges and revolutionize the financial industry. The platform is built on the core values of integrity, innovation, and inclusion, ensuring a secure and transparent trading environment for all users.
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 cater to businesses and high-net-worth clients. User Testimonials: Many users praise Rain’s responsive support and ease of use, especially for first-time crypto buyers in the region.
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 has set a new standard for crypto exchanges in the Middle East, combining regulatory compliance, robust security, and a user-centric approach. While there are areas for improvement, such as expanding advanced trading features and reducing fees, Rain’s commitment to transparency and innovation makes it a top choice for both new and experienced investors in the region.
