Rain
Conditional ordersDedicated appInternational ExchangeSpot market
Teagle Score
Teagle user score
Rain Exchange Overview and Review
Rain exchange has expanded its operations from the Middle East region. The company began operating in 2019 with a license from the Central Bank of Bahrain, and since 2023, under the corporate name Rain Trading Limited, the exchange has received a license to provide services and hold crypto assets from the «Abu Dhabi Global Market» regulator (ADGM FSRA). Rain also operates in Turkey under that country's full legal framework. Due to international sanctions and FATF rules, this exchange does not provide services to Iran.
Teagle risk warning for Rain
Warnings
Rain Exchange Ranking and Credibility
A look at the track record of the Bahraini exchange Rain shows that it operates mainly in the Middle East and has been licensed by the Central Bank of Bahrain since 2019. In the UAE, the exchange has also received a license from ADGM FSRA for crypto brokerage and custody services, and in Turkey it has obtained the licenses required to operate in that country.
However, in terms of trading volume, Rain exchange does not rank high among the major global exchanges, and in fact it is not currently aiming to. In other words, the exchange focuses mainly on the Middle East market and on operating within the regulatory frameworks of this region.
Rain's Hack and Fraud History
Reviews show that in 2024, Rain exchange was hacked in a cyberattack by North Korean hackers, resulting in the theft of nearly 16 million dollars of the exchange's assets. As a result of this cyberattack, Rain exchange and its app experienced disruptions for a while.
Two-factor authentication Has
Global ranking Has
Hack history Has
Security certification Has
Cryptocurrencies on Rain Exchange
Below is a list of the major coins available on this exchange:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- USD Coin (USDC)
- Solana (SOL)
- Ripple (XRP)
- Cardano (ADA)
- Dogecoin (DOGE)
- Polkadot (DOT)
- Chainlink (LINK)
- and …
- ONDO
- WLD
- TON
- ATH
- ARKM
- TIA
- PENDLE
- SEI
- STX
- INJ
Managing Trading Costs on Rain: Deposits, Withdrawals and Fees
Rain exchange supports bank transfers for funding accounts, and in some regions credit cards as well. Processing time varies depending on the country and type of transfer. Rain exchange generally does not charge a fee for deposits, but fees may be charged by intermediary banks.
Rain Exchange Services and Features
Alongside providing access to buying and selling cryptocurrencies, the Rain exchange has tried to offer its more advanced trading tools in the Rain Pro version. For more professional users, this platform provides more specialized features, such as creating various order types along with entering the trader's strategy. Below, we will look at some examples of the Rain exchange's services:
- Spot trading: The ability to buy and sell crypto assets in the spot market.
- Rain Pro: A more advanced version of the Rain exchange with more trading tools.
- Asset custody: Rain offers custody services for customers' crypto and funds.
- OTC trading: For some trades, the OTC method can be used on Rain.
- Mobile app: The Rain app for iOS and Android lets you trade, send, receive and manage your portfolio.
Download the Rain Exchange App
Review of the Rain Exchange App User Experience
The Rain exchange app focuses on ease of use and quick access to the portfolio, market and trades, and is available for Android and iOS. Security Code and Face ID can also be used, where applicable, in the account security section. Overall, the app's structure is not very complicated for everyday buying and selling, while more professional users can use Rain Pro for more advanced trading tools.
Expert Review: Which Traders Is Rain Exchange Suitable For?
Rain Exchange Headquarters Details
Rain Exchange FAQ
Articles Related to Rain Exchange
User Reviews of Rain Exchange
'%3e%3cpath%20d='M17%200H0V1.05566H17V0Z'%20fill='%234B4B4B'/%3e%3cpath%20d='M8.43767%206.55469H0V7.61035H8.43767V6.55469Z'%20fill='%234B4B4B'/%3e%3cpath%20d='M8.43767%203.27734H0V4.33301H8.43767V3.27734Z'%20fill='%234B4B4B'/%3e%3cpath%20d='M8.43767%209.83398H0V10.8896H8.43767V9.83398Z'%20fill='%234B4B4B'/%3e%3cpath%20d='M12.7445%206.71353L9.85449%204.02685L10.6591%203.27734L11.9455%204.47553C12.1578%204.67215%2012.4451%204.78249%2012.7445%204.78249C13.0439%204.78249%2013.3311%204.67215%2013.5435%204.47553L14.8298%203.27734L15.6345%204.02685L12.7445%206.71353Z'%20fill='%234B4B4B'/%3e%3cpath%20d='M12.7445%2011.0006L9.85449%208.30871L10.6591%207.56445L11.9455%208.76264C12.1578%208.95926%2012.4451%209.06963%2012.7445%209.06963C13.0439%209.06963%2013.3311%208.95926%2013.5435%208.76264L14.8298%207.56445L15.6345%208.30871L12.7445%2011.0006Z'%20fill='%234B4B4B'/%3e%3c/g%3e%3cdefs%3e%3cclipPath%20id='clip0_9931_2952'%3e%3crect%20width='17'%20height='11'%20fill='white'/%3e%3c/clipPath%3e%3c/defs%3e%3c/svg%3e)
Newest