A fee on incoming deposits
Krait earns a service fee on all incoming deposits. You see the rate and your total before every cash out.
What it costs
What it costs. No surprises.
You see every fee, and the total, in chat before you confirm. Nothing is added after.
The fees
Four things, in plain words.
A flat fee when you buy
Sending the dollars straight to another recipient has no additional charges.
No separate account or withdrawal fees
We charge no separate account or withdrawal fees beyond what we show in chat.
If a fee applies, you see it
If a fee applies to a naira transfer from your Krait wallet, we show it before you confirm.
Worked examples
See the maths, line by line.
Two example transactions, the way they appear on your receipt.
Cash out $100
- Market rate
- ₦1,480.00 / $1
- Krait fee
- −₦10.00 / $1
- Fee in total
- ₦1,000.00
- Your rate
- ₦1,470.00 / $1
- You receive
- ₦147,000.00
Sample figures
Buy $20
- Rate
- ₦1,520.00 / $1
- $20
- ₦30,400.00
- Krait fee
- ₦150.00
- You pay
- ₦30,550.00
Sample figures
Our promise on fees
No separate account fees. No surprise withdrawal fees.
- Nothing beyond what we show in chat. If it costs something, you see it before you confirm.
- No fee for asking. Balance, history and rates are free to check, any time.
- Good to know: your naira balance does not earn interest. Naira balances are held with our licensed banking and payment partners.
Referral
See how referrals workShare Krait. Earn when your friends use it.
Referral rewards are a percentage of Krait's fee on the transactions of the people you refer. You see your amount in chat.
naira landed.