Fahad A.
Two things to consider before sending…
Two things to consider before sending your assets to Rain. 1. Customer support is overwhelmed because the keep taking new customers knowing that can't serve them. So if something gone wrong... I will say to you "Good luck :)". I wonder if they can't provide a service to their customers why you keep taking more new ones?! 2. The fees they advertise is not real because the real market price is different than what they sell/buy. I monitored the price for BTC/SAR and I found the their price is more 1.2% when buying and 0.5% when selling (Compared to Coinbase). And of course the the 1.5% for wire transfers and 4% for card deposits.
Response from rain.comApr 22, 2021
Hi Fahad, Thank you for sharing your experience, it allow us to work on enhancing the service to match your expectation. The team is tirelessly working on resolving all incoming queries, therefore, we apologize for any delay caused. Fees are 1.5% to sell and buy through bank transfer. For card purchases, the fee is 4% of the total value. There are no fees for storage. As for withdrawal (wiring) fees, it is free for accounts in Bahrain but it’s a flat 50 SAR or equivalent for international accounts. More information on Rain's fees: https://www.rain.bh/service/fees/rain-fees If you need any further assistance, please do not hesitate to reach out to us via email [email protected] and they team will gladly help you. Thank you



