Rain’s Security Components

We understand that security is of utmost importance to you, and for that, we remain committed to providing you with a secure and reliable platform that protects your investments. Here’s an overview of the measures we have implemented over the years to ensure the safety of your assets. 

Regulated and Fully Licensed Platform

Rain is licensed by the Central Bank of Bahrain (CBB). This licensing ensures we adhere to strict and regulatory compliance standards. 

Cryptocurrency Cold Storage 

98% of Rain's cryptocurrency is stored offline in cold-storage at all times, in a safety deposit box in a bank. What this means is that your funds are not on the internet, ensuring hackers have no way to access it.

Cold storage is when cryptocurrency is 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.

Regulated Fiat Currency Storage  

All of your fiat funds are stored in our bank accounts which are regulated by the Central Bank of Bahrain. 

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. 

For enhanced security on your personal account, you can take a look at our recommendations in this article.