Reply from rain.comMar 18, 2025
Hello Oscar,
The prices on our platform are inclusive of sourcing prices as well as foreign exchange prices.
What sourcing prices means is that in order for Rain to make these coins available to you, Rain would purchase these coins in US dollars from an external provider first. So, when we source the coins for you, they come at a certain price set by the provider. It is important to note that Rain works with the best Crypto Liquidity Providers globally to make sure these costs are minimal.
Additionally, when it comes to exchange prices, since Rain purchases these coins for you in USD, this means that there comes a conversion fee between USD (the currency the coin is originally purchased in by Rain) and your local currency when you execute a transaction to buy as we offer our customers the opportunity to transact in their local currency (BHD, SAR, AED, KWD, OMR),
These fees (transaction cost set by the provider and the foreign exchange fee) are the primary reason behind the price you are seeing on Rain. With this in mind, you will see a difference between the price on our platform and other sources. This difference is called the spread and it enables us to make sure that the transaction is successful. The spread also allows Rain to lock in your quoted price while your transaction is being processed.
At Rain, we work tirelessly to offer the best prices for our customers while also ensuring that each of your transactions is done safely and in a regulated environment. We accomplish this through building bank-grade security systems, as well as working closely with local regulators so that we run a licensed platform that benefits customers in the region.
Thanks,
Rain Customer Experience Team
