Question 1

What is Krait and how does it work?

Accepted Answer

Krait is a Telegram bot that lets you sell crypto such as USDT, BTC, ETH, BNB, SOL, TON, and LTC and receive naira payouts to Nigerian bank accounts and fintech wallets. You interact with the bot via Telegram commands to choose an asset and network, send crypto to a one-time deposit address, then get an automated NGN payout after on-chain confirmation at a live, locked rate.

Question 2

How much does Krait cost?

Accepted Answer

Krait charges a flat 3% markup built into the exchange rate when you sell crypto for naira. There are no separate withdrawal fees, hidden fees, or network fee deductions on top of that markup.

Question 3

What countries does Krait operate in?

Accepted Answer

Krait operates in Nigeria and is focused on payouts to Nigerian bank accounts and local fintech wallets. It is run by a Nigerian-registered entity and targets Nigerian users cashing out crypto to NGN.

Question 4

How do I sign up for Krait?

Accepted Answer

You do not need to fill out sign-up forms to use Krait; you start by opening the Telegram bot (@kraitrampbot) and following the prompts. From there you can initiate trades, add payout details, and complete transactions directly inside Telegram.

Question 5

Does Krait have a mobile app?

Accepted Answer

Krait is available via its Telegram bot, which you can use on mobile devices through the Telegram app on Android and iOS. There is no separate native mobile app beyond the Telegram interface.

Question 6

Who is Krait best suited for?

Accepted Answer

Krait is best suited for individual crypto holders in Nigeria who want to convert assets like USDT, BTC, and ETH into naira quickly. It is particularly useful if you prefer automated payouts to Nigerian banks and fintechs without lengthy sign-up or manual review.

Question 7

Does Krait have a plan for teams or businesses?

Accepted Answer

Krait is primarily designed for individual consumers, and there is no distinct plan or pricing tier advertised for teams or businesses. You can still use it to cash out crypto to Nigerian bank accounts, but there is no separate business account structure described.

Discover Products, Get Discovered.