Monastery was built in 1317 by the Bosnian monks who fled from Bosnia and left their monastery due to Turks invasion. It is located at the southern slopes of Velebit mountain, halfway between towns of Obrovac and Knin. It is the oldest orthodox monastery in Croatia.
The church of Krupa monastery is dedicated to the Feast of the Dormition of Theotokos. In monastery there is a beautiful wall painting, valuable collection of icons and a famous treasury.