Rain enables you to sell bitcoin in exchange for major Middle Eastern currencies as well as US dollars.  

Requirements:

  1. A verified Rain account. If you haven't already signed up, you can create an account here. 
  2. Funds in your Rain BTC account. In order to sell BTC you need a positive balance in your Rain BTC account.

NOTE: We charge a 1.5% fee of the transaction value for selling BTC. For more information about Rain fees click here.

Steps (Rain website):

  1. Log in to your Rain account.
  2. Click on SELL.
  3. Enter the amount you would like to sell. You can either enter the value in AED (e.g. AED 100) or BTC ( e.g. 0.5 BTC). 
  4. Select BTC account to withdraw funds from.
  5. Select AED account to deposit to. Click continue.
  6. Review the transaction details. Click confirm.
  7. For greater security, Two-Step Authentication is mandatory to complete a transaction. You will receive the code in an SMS text message, sent to your registered phone. You will receive the code in an SMS text message, sent to your registered phone. More information on Two-Step Authentication available here.
  8. Enter the code received. Click submit.
  9. You will receive an email confirming the successful completion of the transaction.

Steps (Rain app):

  1. Open Rain app. For more information about Rain app click here.
  2. Log in to your Rain account.
  3. Enter the amount you would like to sell. You can either enter the value in AED (e.g. AED 100) or BTC value ( e.g. 0.5 BTC). Use the arrow on the right side to switch between AED and BTC.
  4. Select BTC account to withdraw funds from.
  5. Select AED account to deposit to. Click continue. 
  6. Review the transaction details. Click confirm.
  7. For greater security, Two-Step Authentication is mandatory to complete a transaction. You will receive the code in an SMS text message, sent to your registered phone. More information on Two-Step Authentication available here.
  8. Enter the code received. Click submit.
  9. You will receive an email confirming the successful completion of the transaction.

For more information about the weekly trading limits click here.

NOTE: if you require greater limits than the ones provided, please reach out to [email protected]

About Rain
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.

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