We understand that security is a cornerstone of trust and reliability. For that, we prioritize the security of your information and assets on our platform by employing robust safety and security measures, including industry best practices and rigorous compliance protocols.
Here’s an overview of the measures we have implemented over the years:
Regulated and fully licensed platform
Your trades are conducted on a licensed and regulated platform, the first of its kind in the region. Rain is licensed by the Central Bank of Bahrain as well as Abu Dhabi Global Market’s FSRA. This licensing ensures that we adhere to strict regulatory and compliance standards.
Crypto asset cold storage
Cold storage is when crypto assets are taken off of the internet and stored on an offline computer, or with pen and paper, typically stored within a safety deposit box at a bank. The "private keys" to these wallets are split up (sharded) and stored in multiple safety deposit boxes at banks in different geographical locations. A hacker would need to physically access all safety deposit boxes, at different bank vaults, in different regions, to compromise funds.
98% of Rain's crypto assets are stored offline in cold-storage at all times, in a safety deposit box in a bank. What this means is that your assets are not on the internet, ensuring hackers have no way to access it.
Regulated fiat currency storage
All of your fiat funds are stored in our bank accounts which are regulated by the Central Bank of Bahrain. This ensures that your funds are handled with the utmost care and with the highest security measures set by banking institutions.
Audited operations
As a regulated entity, Rain is subject to periodic independent audits on various aspects of our operations, including financial positioning and security systems. These audits add an additional layer of assurance, ensuring that we meet and exceed industry security standards.
By implementing the above measure, we demonstrate our commitment to providing a crypto platform that protects customer data and assets at all levels.
For enhanced security on your personal account, you can take a look at our recommendations in this article. If you need help securing your account, get in touch with us at any time.