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Sell Algorand

Rain enables you to sell Algorand in exchange for the below currencies:

  • UAE DIRHAMS (AED)

  • SAUDI RIYAL (SAR)

  • KUWAITI DINAR (KWD)

  • OMANI RIYAL (OMR)

  • BAHRAINI DINAR (BHD)

  • US DOLLAR (USD)

Requirements:

  1. A verified Rain account. If you haven't already signed up, you can create an account here. 

  2. Funds in your Rain ALGO account. In order to sell ALGO you need a positive balance in your Rain ALGO account.

NOTE:  For more information about Rain fees click here.

Steps (Rain website):

  1. Log in to your Rain account.

  2. Click on Market.

  1. Enter the amount you would like to sell. You can either enter the value in fiat (e.g. USD 100) or ALGO ( e.g. 0.5 ALGO). 

  2. Select the ALGO account to withdraw funds from.

  3. Select fiat account to deposit to. Click preview sell.

  1. Review the transaction details. Click sell now.

  2. For greater security, Two-Step Authentication is mandatory to complete a transaction. You will receive the code in an SMS text message, sent to your registered phone or to your authenticator app. More information on Two-Step Authentication available here.

  3. Enter the code received. Click submit.

  4. You will receive an email confirming the successful completion of the transaction.

Steps (Rain app):

  1. Open Rain app. For more information about Rain app click here.

  2. Log in to your Rain account.

  3. Visit the market or portfolio page and select Algorand.

  4. Tap Trade and select Sell 

  5. Enter the amount you would like to sell. You can either enter the value in fiat (e.g. USD 100) or ALGO value ( e.g. 0.5 ALGO). Use the arrow on the right side to switch between USD and ALGO.

  6. Select fiat account to deposit to. Click preview purchase.

  7. Review the transaction details. Click sell now.

  8. Enter the code received. Click submit.

  9. You will receive an email confirming the successful completion of the transaction.

For more information about the weekly trading limits click here.

 

NOTE: if you require greater limits than the ones provided, please reach out to [email protected]

About Rain

Rain is a cryptocurrency platform in the Middle East, headquartered in the Kingdom of Bahrain. We are licensed and regulated by the Central Bank of Bahrain (CBB). Rain enables you to buy, sell, and store bitcoin and other cryptocurrencies, in a regulated, secure, and compliant way.

 

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