Foxbit Review 2026
Learn more about TU’s methodology
- BRL 10
- Foxbit Pro
- Central Bank of Brazil
- High security, 24/7 support
Our Evaluation of Foxbit
Learn more about TU’s methodology
Foxbit is a high-risk cryptocurrency exchange with the TU Overall Score of 2.88 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.
How we tested Foxbit
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
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 Verdict
Chief Analytics Officer
Foxbit is a cryptocurrency exchange operating in Brazil, providing access to trading over 100 cryptocurrencies including Bitcoin, Ethereum, and Litecoin. The platform is regulated by the Central Bank of Brazil, offers mandatory KYC verification, and supports both retail and institutional clients. Foxbit Pro serves as the main platform, with additional services such as Foxbit Earn for passive income, Foxbit Card for purchases with cashback, and Foxbit Pay for businesses. Minimum deposit starts from BRL 10, trading fees range from 0.02% to 0.15%, and deposits can be made via bank cards or cryptocurrencies.
Drawbacks include restricted focus on the Brazilian market, support mainly for BRL fiat pairs, limited funding methods, withdrawal or P2P fees, lack of staking and copy trading, and only moderate regulatory standing outside Brazil. Foxbit may not be suitable for users requiring access to broader fiat options or Tier-1 regulatory protections, but it suits Brazil-based traders interested in a locally regulated platform with broad crypto coverage.
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 |
| 💼 Copy Trading: | 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
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.
- Government-regulated
- 2FA
- Cold wallet storage
- Not tier-1 regulated
- 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 | Kraken | Coinbase | |
| Tier-1 regulation | No | Yes | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | Yes | No | Yes |
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.
Is Foxbit available in the USA?
Foxbit is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Kraken, Coinbase, OKX .
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 | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.02 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.15 | 0.22 | 0.2 | 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.
- Bank cards accepted for instant deposits
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Withdrawal fee applies
- No Google Pay option
Deposit and withdrawal options
Foxbit supports the following deposit and withdrawal options: Bank card, Crypto.
Foxbit Deposit and withdrawal options vs competitors
| Foxbit | Kraken | Coinbase | |
| Bank transfers | No | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is Foxbit minimum deposit?
The minimum deposit at Foxbit is BRL 10 USD/USDT or 8 BTC. The minimum trade size is 0 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Foxbit minimum deposit vs competitors
| Foxbit | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | BRL 10 | 10 | 10 |
| Minimum deposit, BTC | 8 | 1 | 1 |
| Minimum trade amount, USD/USDT | 0 | 1 | 2 |
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
- NTFs not available
- Copy trading 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 | Kraken | Coinbase | |
| Supported coins | - | 278 | 249 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | No | 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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