What is KRABIT?

KRABIT is a digital marketplace that allows users to buy and sell online assets such as websites, domains, social media accounts, digital advertising opportunities, and online influence.
The platform handles payments, dispute resolution, and verification to create a safe environment for these types of transactions.

Who operates KRABIT?

KRABIT is operated by Techhive Technologies Ltd, which also acts as the Merchant of Record for payments processed directly through the platform.

Who can use KRABIT?

KRABIT is open to individuals and businesses who are at least 18 years old and not located in restricted regions or sanctioned jurisdictions.

Accounts and Verification

Do I need an account to use KRABIT?

Yes, you need an account to buy or sell on KRABIT. Each user is allowed only one account.

Why does KRABIT require identity verification?

Verification helps protect the community from fraud and ensures that users are who they claim to be, especially when handling financial transactions and high-value assets.

What verification steps are required?

You may be asked to complete:

  • Government-issued ID checks

  • Facial or video verification

  • Proof of address

  • Additional verification for high-value transactions

Verification is powered by trusted third-party providers such as SumSub.

What happens if I fail verification?

If verification fails or remains incomplete, your ability to buy, sell, or withdraw funds may be limited.

Buying on KRABIT

How do I buy an asset?

You can browse listings, make an offer, negotiate with the seller, and proceed with payment through the platform’s payment system or Trustap (depending on the listing).

Can I ask the seller questions before buying?

Yes, KRABIT encourages buyers to communicate with sellers to understand the asset, verify ownership, and request proof where needed.

Are purchases protected?

Yes, purchases made on KRABIT are covered by the platform’s transaction flow and dispute resolution policies, as outlined in the Terms of Service.

Selling on KRABIT

What can I sell on KRABIT?

You can list digital assets such as:

  • Domains

  • Websites

  • Social media accounts

  • Digital marketing placements

  • Online communities

  • Brand influence

  • Services tied to digital assets (if permitted)

All listings must comply with KRABIT**’s Prohibited Items/Services List**.

How do I create a listing?

You can create a listing by providing accurate details about the asset, including pricing, metrics, screenshots, and any relevant proof of ownership.

What happens after my asset sells?

Once a buyer pays, you complete the transfer according to the listing requirements.
Funds are released once the buyer confirms receipt or after the verification period.

Payments and Fees

What payment methods does KRABIT support?

KRABIT supports:

  • Cryptocurrency: BTC, ETH, USDT, USDC, SOL

  • Trustap: Credit card, debit card, bank wire

  • Direct platform payments (where available)

Why are some payments handled by Trustap?

Trustap is an independent third-party payment facilitator used for certain transactions.
When using Trustap, KRABIT and Techhive Technologies Ltd do not control or access your funds.

Does KRABIT charge fees?

Yes, KRABIT charges service fees between 2% and 11%, based on transaction volume, payment method, and member status.

What is the refund processing fee?

All refunds processed directly by KRABIT include a 1% Refund Processing Fee, which covers administrative, banking, and blockchain costs.

Are there any fees for dispute resolutions?

Yes. If KRABIT staff must intervene, a 5% dispute resolution fee applies.

  • If the buyer is at fault, the buyer pays the full 5%.

  • If the seller is at fault, the seller pays the full 5%.

  • If both share responsibility, each pays 2.5%.

Refunds and Cancellations

Are refunds guaranteed?

No, refunds are not automatic and are issued at the discretion of KRABIT unless required by law.

What happens if a buyer cancels?

The 1% refund processing fee applies, regardless of fault.

Can a seller be responsible for refund fees?

Yes. For transactions above $5,000, the buyer may request reimbursement of the 1% refund fee directly from the seller if the cancellation results from seller’s default.

Disputes and Safety

How does KRABIT handle disputes?

KRABIT encourages buyers and sellers to resolve issues directly.
If that fails, KRABIT staff may step in, review the evidence, and make a final decision.

Are dispute decisions final?

Yes, decisions made by KRABIT staff are binding and final.

What should I do to avoid disputes?

  • Be transparent

  • Share accurate information

  • Provide proof of ownership

  • Follow category rules

  • Communicate clearly

Does KRABIT offer protection for digital assets?

KRABIT does not guarantee that digital assets will remain active, accessible, or immune to suspension, deletion, recovery, or external intervention.

Prohibited Actions

What items or services are prohibited?

You may not list or sell:

  • Illegal goods

  • Stolen accounts

  • Malware or harmful software

  • Phishing tools

  • Leaked or hacked data

  • Accounts violating platform rules

  • Services that violate third-party terms

What user actions can lead to suspension?

  • Manipulating trust levels

  • Soliciting private contact details

  • Off-platform deals to avoid fees

  • Acting as an unauthorized middleman

  • Posting harmful or false information

  • Violating local laws or regulations

Risk and Liability

Does KRABIT guarantee seller performance?

No, KRABIT does not guarantee or endorse the actions of contractors or sellers.

Who is responsible for risks?

All risks associated with transactions rest solely with the buyer and seller.

What is KRABIT’s maximum liability?

KRABIT’s total liability will not exceed the lower of:

  • The service fees paid for the transaction

  • USD $500

Restricted Countries

Who cannot send money to KRABIT?

KRABIT cannot receive funds from a list of restricted countries for compliance reasons.
These include, but are not limited to:
Afghanistan, Belarus, Cuba, Iran, Iraq, Libya, North Korea, Russia, Syria, Venezuela, Yemen, and others listed in the ToS.

Termination of Accounts

Can KRABIT suspend accounts?

Yes, KRABIT can suspend or terminate accounts with or without notice if a user violates platform rules or poses a risk to the marketplace.

What happens to my data if my account is terminated?

KRABIT may retain records as required for legal, compliance, or security-related purposes.

Legal and Compliance

What laws apply to KRABIT?

The service is governed by the laws of Ontario, Canada.

Where are disputes resolved?

All legal disputes must be handled in the courts of Ontario, Canada.