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Rain: Buy & Sell Bitcoin

latest release: 2.4.1 ( 17th October 2021 ) last analysed  1st October 2021 Under development 
4.7 ★★★★★
1608
2nd September 2018

Jump to verdict 

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The Analysis 

(Analysis from Android review)

Google Play

The app is described as offering services that allow users to buy and sell Bitcoin using fiat from the Middle East. It goes on further:

Rain is the first Middle Eastern cryptocurrency brokerage licensed by the Central Bank of Bahrain (CBB). We currently operate in Bahrain, Saudi Arabia, United Arab Emirates, Kuwait, and Oman. Rain allows you to securely buy, store and sell cryptocurrencies like Bitcoin, Ethereum, Litecoin. You can use your bank account or card to purchase cryptocurrency instantly through Rain.

The Site

It describes itself as a licensed custodian

Verdict

Despite our inability to successfully use and register the app, it is clear that this is a custodial service and therefore, not verifiable

(dg)

Verdict Explained

We still have to analyze this product.

As part of our Methodology, we ask:

Did we get to a conclusion on the transparency of this product yet? If not, we tag it Development 

This product still needs to be evaluated some more. We only gathered name, logo and maybe some more details but we have not yet come to a conclusion what to make of this product.