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.
Pros & Cons
- 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).
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).
TU Expert Verdict
Foxbit carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Crypto Exchanges Traders Prefer
Foxbit User Reviews
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Foxbit Commissions and Fees
Score:This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.7.8 /10Foxbit received a 7.8/10 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 Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0.02 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 0.15 0.22 0.2 0.194 What are Foxbit deposit and withdrawal fees?
Deposit fee, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 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.
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Regulation and Safety
Score:Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology6 /10With 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.
- Cold wallet storage
- 2FA
- Government-regulated
- Not U.S regulated
- No investor protection fund
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 Security Factors Foxbit OKX Coinbase Tier-1 regulation NoNoYesGovernment-regulated YesYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. NoYesYes2FA YesYesYesFacial recognition NoYesNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. YesNoYesIs Foxbit a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
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: OKX, Coinbase, Crypto.com .
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Deposit and Withdrawal
Score:We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.4 /10Foxbit 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.
- Many cryptocurrencies for deposits and withdrawals
- Bank cards accepted for instant deposits
- No deposit fees
- No PayPal option
- Bank transfers not available
Deposit and withdrawal options
Foxbit supports the following deposit and withdrawal options: Bank card, Crypto.
Foxbit Deposit and withdrawal options vs competitors
Foxbit OKX Coinbase Bank transfers NoNoYesBank card YesYesYesCrypto YesYesYesPayPal NoNoYesWhat 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 OKX Coinbase Minimum deposit, USD or USDT BRL 10 10 10 Minimum deposit, BTC 8 5 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: BRL.
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Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.0 /10Foxbit 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
- Copy trading not available
- 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 Coinbase Supported coins - 600+ 400+ Futures/Perpetual contracts NoYesYesOptions NoYesNoNFTs NoYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. NoYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. NoYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets NoNoPre-IPO 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.
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Customer Support
Score:We evaluated Customer Support at Foxbit based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria4.1 /10Foxbit provides below-average customer support, with noticeable limitations in communication channels, service availability, or additional assistance resources.
During TU testing, the exchange received a relatively low score for support accessibility and responsiveness. Users may face difficulties obtaining timely assistance with account access, deposits, withdrawals, or trading-related issues.
- Comprehensive help center available
- Support ticket system available
- 24/7 customer support available
- Phone support unavailable
- Limited language support
Foxbit Support Channels vs Competitors
Foxbit OKX Coinbase Live Chat NoNoYesEmail Support NoNoNoPhone Support NoNoNoTicket System YesYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support NoNoYesContacts Regulation Central Bank of Brazil Official site https://foxbit.com.br/
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