According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- BRL 10
- Foxbit Pro
- Central Bank of Brazil
- High security, 24/7 support
Our Evaluation of Foxbit
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Foxbit is a high-risk cryptocurrency exchange with the TU Overall Score of 2.17 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Foxbit clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Foxbit is a leading and reliable cryptocurrency platform for investors and traders in Brazil. Its high-security standards, diverse service offerings, and large client base make Foxbit a market leader in the region.
Brief Look at Foxbit
Foxbit is a leading cryptocurrency platform in Brazil, providing services for buying, selling, and storing crypto assets. The platform supports over 100 cryptocurrencies, including Bitcoin, Ethereum, and DeFi tokens. Foxbit provides a wide range of services, including Foxbit Earn for passive income, Foxbit Card for purchases with cashback, and Foxbit Pay for businesses to accept crypto payments.
Foxbit is regulated by the Central Bank of Brazil (BCB) and complies with its anti-money laundering (AML) and counter-terrorism financing (CTF) requirements. Additionally, Foxbit is a member of the Brazilian Association of Crypto Economy (ABCripto).
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- In the market for over 9 years.
- Maintains high-security standards through the use of advanced technologies and strict adherence to industry best practices.
- Provides a wide range of services: from cryptocurrency trading to passive income and corporate solutions.
- Boasts a large and active user base, exceeding 1.3 million traders.
- Primary focus is on the Brazilian market.
- Restricted fiat pairs as the platform primarily operates in Brazilian reals (BRL).
TU Expert Advice
Author, Financial Expert at Traders Union
Foxbit is a Brazilian cryptocurrency platform, offering a diversified array of services, including crypto trading, Foxbit Earn for passive income, and Foxbit Pay for corporate crypto transactions. The company supports over 100 cryptocurrencies such as Bitcoin, Ethereum, and various DeFi tokens. Users benefit from advanced security protocols, including two-factor authentication, and comprehensive services like the Foxbit Card for purchases with cashback. With a minimum deposit of BRL 10, the platform caters to both institutional and retail investors, providing numerous trading and payment solutions.
Despite its extensive offerings, Foxbit's focus on the Brazilian market is a drawback, with limited fiat pairings primarily in the Brazilian real. Withdrawal fees and the absence of features like NFTs and margin trading may not suit all traders. While highly secure and government-regulated by the Central Bank of Brazil, the platform lacks Tier-1 international regulatory credentials, making it potentially less suitable for those seeking top-tier investor protection. Foxbit is adequate for traders focusing on the Brazilian crypto market but may not suffice for those requiring broader international and financial services.
Foxbit Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Foxbit Pro is a high-performance platform equipped with all the necessary tools for traders. The platform supports international standards. |
|---|---|
| 📊 Accounts: | Accounts for cryptocurrencies and security tokens |
| 💰 Account currency: | BRL, BTC, ETH, USDT and others |
| 💵 Deposit / Withdrawal: | Bank accounts and cards, crypto wallets |
| 🚀 Minimum deposit: | BRL 10 |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Commission: | Spot: 0,02%-0,15% |
| 🔧 Instruments: | Cryptocurrencies and security tokens |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | App available for iOS and Android |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Limit order, Market order |
| ⭐ Trading features: | High security, 24/7 support |
| 🎁 Contests and bonuses: | No |
Foxbit caters to both institutional and retail investors, offering trading in over 100 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. The platform also provides innovative services such as asset tokenization and the ability to seamlessly accept cryptocurrency payments.
Foxbit Key Parameters Evaluation
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Regulation and safety
With a 6/10 score, Foxbit demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- 2FA
- Cold wallet storage
- Government-regulated
- No facial recognition
- No investor protection fund
- Successful hacks history
- Not U.S regulated
Foxbit Security Factors
We also compared Foxbit against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Foxbit | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | Yes | No | No |
Is Foxbit a regulated crypto exchange?
Foxbit is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
Foxbit is authorized or licensed in accordance with local regulations in the following regions: Brazil.
Is verification (KYC) mandatory at Foxbit?
Yes, KYC verification is mandatory at Foxbit. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Foxbit available?
Foxbit complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Spain, United Kingdom, Australia, Canada, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, France, Italy, Poland, Belgium, Norway, Czech Republic, Japan, Finland, Bulgaria, Korea, Estonia, Austria, Denmark, Germany, Lithuania, Ireland, Slovakia, Hungary. For the most up-to-date information on regional availability, please contact Foxbit support.
Is Foxbit available in the USA?
Yes, Foxbit is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Foxbit commissions and fees
Foxbit received a 7.75/10 score for its trading fees. While Foxbit is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Foxbit trading fees?
We analyzed Foxbit’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Foxbit trading fees vs competitors
| Foxbit | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,02 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,15 | 0,22 | 0 | 0.194 |
What are Foxbit deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0001 BTC 0,003 ETH |
Does Foxbit offer P2P trading?
No, Foxbit does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Foxbit received a 4/10 rating for its deposit and withdrawal services. Foxbit offers limited funding options and may charge fees, which could be inconvenient for many users.
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Bank cards accepted for instant deposits
- Bank transfers not available
- Withdrawal fee applies
- No PayPal option
Deposit and withdrawal options
Foxbit supports the following deposit and withdrawal options: Bank card, Crypto.
Foxbit Deposit and withdrawal options vs competitors
| Foxbit | OKX | Kraken | |
| Bank transfers | No | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Foxbit minimum deposit?
The minimum deposit at Foxbit is BRL 10 USD/USDT or 0,0008 BTC. The minimum trade size is 0,00001 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Foxbit minimum deposit vs competitors
| Foxbit | OKX | Kraken | |
| Minimum deposit, USD or USDT | BRL 10 | 10 | 10 |
| Minimum deposit, BTC | 0,0008 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 0,00001 | 0,00001 | 1 |
Does Foxbit support fiat money?
Foxbit supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Foxbit received a score of 0/10 in this category, indicating a modest offering of assets and markets. While Foxbit covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Other supported products
- Only — supported coins
- Yield farming not available
Foxbit supported coins and markets vs competitors
We compared Foxbit with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Foxbit | OKX | Kraken | |
| Supported coins | spot not available | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Foxbit passive income options vs competitors
We also compared Foxbit with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Regulation | Central Bank of Brazil |
|---|---|
| Official site | https://foxbit.com.br/ |
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