Rain crypto alternative for P2P USDT trades
Outside Bahrain and the UAE, Rain moves your money by international transfer. Unigox is a Rain crypto alternative for P2P USDT trades settled with your own bank. In Bahrain or the UAE, or for other coins, stay with Rain.
When to stay with Rain
Rain holds a bank account in your country
Rain names Bahrain and the UAE as countries where it holds bank accounts, so local withdrawals there carry no bank charge. In the UAE, Easy Deposit funds an AED account from a connected bank and AED reaches your bank within one business day; in Bahrain, Fawri+ deposits land within 24 hours.
You want xStocks or the Rain Pro order book
Rain lists over 150 coins, card and recurring buys and, outside the UAE, xStocks and the Rain Pro order book at 0% maker and 0.05% taker. On Unigox you trade stablecoins against local money.
You want a Gulf regulator behind the account
Rain Management W.L.L. holds a Central Bank of Bahrain crypto-asset licence, and Rain Trading Limited a permission from the ADGM's Financial Services Regulatory Authority.
Trading USDT on Rain and on Unigox
| Topic | Rain | Unigox |
|---|---|---|
| How a trade works | You buy by card, or fund by bank transfer to Rain's IBAN and buy or sell at Rain's quote, then withdraw to your bank account; Rain asks that the account be in your name. | Each trade is with a P2P merchant or a payment business, who pays the account you add when you sell. |
| Money in and out outside Bahrain and the UAE | Deposits by bank transfer to Rain's IBAN, 1 to 4 working days; intermediary banks may take a cut. Outside Bahrain and the UAE, the two countries where Rain holds bank accounts, withdrawals are international: 1 to 4 business days, with a fixed charge such as SAR 50 or $15. | You pay the seller's account when you buy, and the buyer pays yours when you sell, in the currencies open for trading on Unigox that day. |
| Fees | Brokerage app, Bahrain and the wider GCC: the quoted price is the source price plus a 0.5% fee. UAE: 0% trading fee, with Rain's margin inside the price. Rain Pro, outside the UAE, has USDT and USDC order books at 0% maker and 0.05% taker. No deposit fee. | No separate charge: the Unigox fee is inside the rate. A P2P merchant sets that rate, and it can sit well away from the market price, so price the same amount on both before you trade. |
| Coins and networks | Over 150 coins. USDT and USDC move on the ERC-20 network only, each send carries a network fee shown before you confirm, and Rain warns that a send on the wrong network can be lost. | Stablecoins only. USDT comes in on Ethereum and other EVM networks, and on Solana, TON and Tron. |
| Opening an account | ID, proof of address, a selfie and details of your job and funds; review can take up to 24 hours. Your country decides which Rain company holds the account. | An identity check before your first trade, at any size. |
| Regulation | Rain Management W.L.L.: Central Bank of Bahrain, Crypto-Asset Services Category 3. Rain Trading Limited: ADGM FSRA Financial Services Permission. | Unigox works through two companies: UNIGOX NETWORK CORP. in Canada handles the local-money side and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider; UNIGOX NETWORK CORP. in Panama handles the crypto side, including wallets and escrow. |
UnigoxMove your USDT trades from Rain to Unigox
Verify before you trade
Open a Unigox account and pass identity verification, which every first trade needs at any amount.
Send USDT from Rain on Ethereum
Rain sends USDT on ERC-20 only. Copy your Unigox deposit address for USDT on Ethereum and send from Rain, which shows its network fee before you confirm.
Trade at the rate shown
Pick your currency, add the bank account the form asks for and accept the rate. During a trade the crypto sits in an on-chain escrow that Unigox can release only to the buyer or the seller.
Rain crypto questions before you switch
What is a Rain crypto alternative for P2P USDT trades?
Unigox, when stablecoins are all you need and you want the other side of the trade to settle with your own bank, instead of a wire to Rain's IBAN and an international withdrawal back. Rain fits better if it holds a bank account in your country, you trade other coins, or you want an order-book price.
What fees does the Rain exchange charge on trades and bank withdrawals?
For customers of Rain Management W.L.L., Rain's quote is the source price plus 0.5%; UAE customers pay a 0% trading fee with Rain's margin inside the price. Rain charges nothing on deposits. Local withdrawals are free where Rain holds a bank account, such as Bahrain and the UAE; international ones carry a fixed charge, SAR 50 or $15 for example.
Which Rain company holds my account, and who regulates it?
Your country decides. Rain Management W.L.L. holds a Central Bank of Bahrain crypto-asset licence and serves Bahrain and the GCC outside the UAE; Rain Trading Limited serves UAE residents under an ADGM FSRA permission. Either asks for ID, proof of address, a selfie and your job and source of funds, with review in up to 24 hours.
Can I move USDT from Rain to Unigox?
Yes. Pass the Unigox identity check, copy your USDT deposit address on Ethereum, the only network Rain lists for USDT, and send from Rain. Rain shows its network fee before you confirm; once the USDT arrives you can trade it or send it to another wallet.
Price a USDT trade before your next Rain transfer
On Rain, count the fixed withdrawal charge as well as the quote for the same sum, then see the Unigox rate, fee inside, before you accept.
Rain and other names and logos are trademarks of their respective owners. Unigox is not affiliated with, endorsed or sponsored by them. Information about other companies comes from public sources, mainly the companies' own websites, and each company can change its products and fees at any time.