Blockchain technology has created a huge impact all over the internet since its establishment in 2008. Many of the companies all over the world are working towards implementing blockchain into their business.
The blockchain is used in a lot of applications in a variety of industries. In the Crypto-industry blockchain's impact is quite high as every cryptocurrency, crypto exchange platforms are developed using blockchain.
In this article, we'll explain how to start a cryptocurrency exchange platform like Rain.bh and what are the core features do the exchange platforms inherits.
About - Rain.bh
Rain is the Bahrain based Crypto Exchange headquartered in Bahrain and offices in San Francisco, Cairo, and Riyadh. It is the first fully regulatory licensed Cryptocurrency Exchange Platform in the Middle East.
Rain Exchange is supported in 100 countries, Bahrain, Saudi Arabia, UAE, Kuwait, Oman are the key countries.
How Rain.bh Crypto Exchange Works?
Before getting to know how to start, it is more important to know how this exchange works. As this exchange's mission "Is to bring cryptocurrency to the Middle East" the operational extent is limited and only supported in limited countries.
Users can register the account in Rain exchange with two-step verification. Users are required mail-Id & phone no to register the account. After the verification of mail-Id & phone number users can buy/sell cryptocurrencies.
Fiat/Crypto-Currencies Supported By Rain Exchange
Rain Crypto Exchange supports 14 cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, etc… Buying and Selling of all these cryptocurrencies are supported, whereas the currency pairing is limited.
Fiat Currencies Supported By Rain.bh
Rain exchange offers customers to buy, sell & store cryptocurrencies with multiple Middle East currency pairs.
Bahrain Dinar (BHD)
UAE Dirham (AED)
Saudi Riyal (SAR)
US Dollar (USD)
Kuwait Dinar (KWD)
Oman Rial (OMR)
Exchange Pairs Supported By Rain.bh
The cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple supports currency pairing with all the middle east countries, Dollar, Euro.
Buying cryptocurrencies with fiat currencies is possible in this exchange. The payment can be made in two ways:
Payment through Bank account
Customers can add a bank account with the Rain account and can able to buy cryptocurrencies using the amount (BHD, AED, SAR, KWD, OMR, USD) deposited in the bank account. There are some limitations, the bank account name should be the same as the name of the Rain account.
Payment via Credit or Debit Cards
In addition to bank payment, customers can also instantly buy cryptocurrencies with credit & debit cards.
Supported Credit & Debit Cards
3.Mada (Saudi Arabia)
6.American Express cards.
Trading Fees in Rain Exchange
The trading fees vary with the mode of payment. The charges vary between 1.5 - 4%
Credit or Debit cards - 4%
Bank Transfer - 1.5%
Rain exchange support both the fiat and cryptocurrencies. For cryptocurrencies, exchange offers a cold storage wallet whereas for fiat currencies are stored in their bank accounts regulated by the Central bank of Bahrain.
To enhance the security of cold storage wallet the “private keys” are split up & stored in safety deposit boxes in different bank accounts at different locations.
About 98% of cryptocurrencies are stored in a cold wallet. So here the chances of hacking are very less because the assets are not on the internet, hackers need to physically access all the safety boxes at different banks accounts.
Rain is a CryptoCurrency Security Standard (CCSS) Level III Exchange with 2FA (Two-Factor Authentication) security implementation to enhance security.
How to Start Crypto Exchange like Rain.bh
To start a cryptocurrency exchange website like Rain Crypto exchange, one should need expert consultation and necessary development support.
Another most effective way is buying a ready-made cryptocurrency exchange clone script which allows customization as per the user requirements.
We, BlockchainAppsDevelopers offers cryptocurrency exchange clone script with advanced exchange features to start an exchange similar to Rain.bh exchange.
Rain Crypto Exchange Clone Script
Salient Features of Rain Exchange Clone Script
In our ready-made rain exchange clone script, we have implemented all the existing features of Rain exchange with additional features.
1. Rain exchange supports only 14 cryptocurrencies, whereas our Rain Exchange Clone Script supports multiple cryptocurrencies, tokens, and fiat currencies. You can add “n” number of fiat/crypto-currencies
2. You can have a variety of payment methods like integrated in Binance, Paxful.
3. The rain clone script comes with the in-built liquidity features.
4. There is only a cold wallet facility in Rain exchange, in our rain clone website you can have multi-signature e-wallet capable of storing multiple cryptocurrencies.
5. Rain exchange clone script is tailor-made for both web and mobile.
Key Features of Rain Clone Script
1.Instant buying & selling of cryptocurrencies
2.Integrated IEO, ICO modules
4.Margin trading, OTC trading
5.Cryptocurrency Wallet integration
6.Trading Orders & Live Trade Charts
7.Simple & Easy-To-Use Interface
8.Cryptocurrency Price Ticker API
9.P2P Exchange options
10.High speedy matching engine with trading bots facilities.
Our Rain Exchange Clone Script is completely a white label cryptocurrency exchange script so you can customize the exchange platform as per your requirements. If you have any ideas to implement in your exchange, we can implement it as a specific feature.
Security Features Of Rain Exchange Clone Script
Security is our main concern, we have implemented high-end security facilities. Our strong knowledge in Blockchain makes us build a 100% risk-free crypto exchange platform. Here are some key security features we implement in exchange platform:
1.Un-hackable exchange platform
3.Anti-Distributed Denial of Service (DDoS)
4.Login Guard System
5.Multi-Signature Crypto Wallet
6.Email & SMS verifications
Cryptocurrency Exchange App Similar To Rain Exchange App
We also build Crypto exchange apps like the Rain exchange app supported in a variety of platforms like Android, iOS, Blackberry, Windows, etc..
Cryptocurrency Exchange Development Services
We, BlockchainAppsDevelopers are the key players in delivering world-class cryptocurrency trading platforms. We provide A to Z services in crypto exchange development.
- We build a Cryptocurrency exchange platform from scratch.
- White Label Cryptocurrency Exchange Script to start a crypto exchange platform.
- Ready-made Cryptocurrency Exchange Script to start crypto exchange platforms like Rain.bh, Yallabit, Emirex, Coinfield, BitexUAE, etc…
We will make your ideas to reality!!
Why Choose Us For Cryptocurrency Exchange Development?
We are leading Blockchain & Cryptocurrency Exchange Development Company having a very good track record in crypto exchange development, developed more than 100+ exchange platforms.
A Single Stop Solutions for Crypto Exchange Development
We also do marketing for your exchange platform. As there are a lot of exchange platforms in the crypto market, it is not easy to stand-out in the competitive business world. We will support you 24/7 to ensure a flaw-less cryptocurrency trading.
For More Business Queries, Instantly Connect With Us!
Disclaimer: We use the term "Rain Exchange" for readers to quick understanding purposes only. Our services are not meant to influence any entity