Foxbit card review: Brazil-only, no monthly fees, but limited reach

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

The Foxbit card is the payment card from the Brazilian crypto exchange Foxbit, a Mastercard that lets you spend your crypto balance in reais wherever Mastercard is taken. It is best understood as a domestic Brazilian product: it is issued for clients of one Brazilian exchange, denominated in BRL, and is not advertised for any other country. If you live in Brazil and already hold crypto on Foxbit, it is one of the simplest ways to convert that balance into a tap-or-swipe payment without first cashing out to a bank. If you are anywhere else, this card is not built for you, and no part of this review should suggest otherwise.

I went through the card’s official pages, the fee table it links to, the app store listing, and the consumer complaint data that is publicly available for the company behind it. The card is live, the basics are documented, but several details that you would expect to see in a cardholder agreement are simply not on the public page. Where that is the case, I say so plainly rather than fill the gap with guesswork.

The information in this article is current as of October 28, 2026.

Verdict: 5.6 out of 10

The Foxbit card earns a 5.6 out of 10 in my scoring. The score reflects what the card does well, what it leaves blank, and who it is realistically for. It is not a bad product; it is a narrow one that has not yet reached a point where you can treat it like a general-purpose card.

The card shines on everyday use. It is a Mastercard, it works with Apple Pay and Google Pay, the annual and monthly fees are zero, and there is no stated charge for issuing it. Crypto-to-BRL conversion inside the Foxbit ecosystem is 0.0% on the official fee page, which is a real number, not a teaser. If you pay for a coffee in reais from a Foxbit crypto balance, the only fees you should be planning for are the “IOF + taxa de câmbio” line at 6% and the R$ 6.90 ATM withdrawal fee. That is the upside.

The card falters on everything around the edges. It is offered only to existing Foxbit individuals in Brazil — no other country is named, and there is no application path for non-Brazilian residents. The card’s issuer is not named on the official page; unofficial reporting points to the Argentine processor Pomelo, but that is not confirmed by Foxbit itself. The fee page shows placeholder text “Carregando taxas…” where deposit and withdrawal fees should be, so the true cost of moving money in and out is not transparent. There is no description of the KYC process, no stated age requirement, no published delivery time, no dispute process, no information on the difference between a virtual and a physical card, and no information on what merchant categories are blocked. And while the company is filing for Central Bank authorisation as a virtual-asset service provider, that authorisation has not yet been granted, which means the card sits in a regulatory grey zone in the meantime.

The bottom line: if you are a Foxbit client in Brazil who already thinks in BTC, ETH, USDT, XRP or ADA and wants to spend that balance in reais without first selling to a bank, this is one of the few cards on the market built exactly for that, and the fee structure is reasonable. If you do not fit that profile, you should look elsewhere.

Who can get the Foxbit card

The card is open only to people who already have, or are willing to open, a Foxbit individual account in Brazil. Foxbit’s own page says the card is “liberado apenas para pessoas físicas”, which translates to “released only for individuals”, so business accounts are not part of the offer. The page names Brazil and does not name any other country, so non-residents and non-citizens have no documented path to this card.

Age is not stated. The application flow is a self-serve sign-up at app.foxbit.com.br, but the KYC process itself is not described, and the page does not say what documents you will be asked for. Given that the card sits behind a Foxbit account, the verification you go through is essentially the exchange’s own onboarding, not a separate card-issuer KYC.

Once you have an account, the card has two spending tiers that follow the account level rather than the card itself. A simplified account caps your monthly BRL deposits and withdrawals at R$ 5,000 and does not let you move crypto in or out at all. A verified account raises that to R$ 75,000 in monthly BRL deposits and R$ 300,000 in monthly BRL withdrawals, with personalised limits on crypto withdrawals. The page does not say how long verification takes or what documents move you from one tier to the other; it only sets the spending ceiling each tier gives you.

This is the most restrictive part of the offer. If you live outside Brazil, you are looking at the wrong product. If you live in Brazil and already have a Foxbit account, you are inside the target audience.

How to sign up for the Foxbit card

The sign-up flow is two steps. First, you create a Foxbit account at app.foxbit.com.br; sign-up is free. Second, you request the card from inside the app using the “Solicitar meu cartão” button. The page does not give an estimate for delivery, does not say whether the first card is virtual or physical, and does not walk you through what the request triggers. Activation steps, if any, are also not described.

What the sign-up does not tell you is also worth knowing. The page does not publish:

• An age requirement
• A list of accepted identity documents for KYC
• A timeline for KYC review or card delivery
• Whether the card is virtual only, physical only, or both
• A cardholder agreement or a link to one
• A description of what happens if your application is rejected

If you are used to a regulated card issuer publishing a full cardholder agreement before you apply, that gap will be noticeable. If you are already comfortable with the Foxbit exchange onboarding, you may shrug at it. Either way, this is what the public material says.

What the Foxbit card really costs

The headline numbers on the Foxbit card are unusually clean: issuance is free, the annual fee is R$ 0.00, and the monthly fee is R$ 0.00. Crypto-to-BRL conversion inside the Foxbit system is listed at 0.0%, with the caveat that the final price “may vary with liquidity”, so the 0.0% is the published rate rather than a guarantee. If you top up in BRL via Pix and spend in BRL, you do not earn cashback, but you also avoid the crypto conversion line.

The cost you cannot avoid on a cross-border or foreign-currency transaction is the “IOF + taxa de câmbio” line at 6%. IOF is a Brazilian federal tax on financial transactions; taxa de câmbio is the FX margin. The fee page groups them together and does not say which of your transactions the 6% applies to, so a reader cannot tell from the public material whether a domestic BRL purchase attracts it. That is one of the most useful pieces of information a cardholder can have, and it is not there.

For cash, domestic ATM withdrawals (on Cirrus or Caixa 24hrs networks) cost R$ 6.90 per withdrawal. International ATM fees are not stated, and the broader fee table at /taxas-e-limites is the only place you can look for them. When I checked, the deposit and withdrawal fee rows showed “Carregando taxas…” (loading fees) rather than numbers. That is worth flagging if you plan to move larger balances: the cost of moving BRL or crypto in and out is not transparent in the public material.

To make the cost concrete, here are three everyday payments and what fees each would attract under the published numbers:

• A R$ 80 grocery shop paid in BRL from a Pix-funded BRL balance. No cashback, no conversion, no FX, and the IOF line on a domestic BRL purchase is not explicitly stated, so under the most favourable reading the only cost is whatever your bank’s Pix side charges. Practically, this is the cheapest way to use the card.
• A R$ 1,500 electronics purchase paid from a USDT balance, converted to BRL at payment. You pay 0.0% on the conversion itself but the IOF + FX 6% line could apply, depending on what the fee page means by it. If the full 6% applies, the real cost is roughly R$ 90 on a R$ 1,500 purchase. That is meaningful and is the kind of detail the card page should be clearer about.
• A R$ 300 cash withdrawal at a Caixa 24hrs ATM from a BRL balance. R$ 6.90 from the ATM line, plus whatever, if anything, the IOF + FX line adds on top.

How to top up the Foxbit card

The card is prepaid in practice, even if the page occasionally uses credit-card language. Top-up runs through the Foxbit app, in two steps.

First, you deposit BRL into your Foxbit account via Pix. Pix is Brazil’s instant payments system and works 24/7 between Brazilian accounts, so this step is fast and effectively free on the Foxbit side, though your bank may apply its own Pix rules. Once the BRL is in, you buy one of the five supported cryptocurrencies — BTC, ETH, USDT, XRP or ADA — at the app’s quoted rate. The default crypto the card uses for spending is set in the app, and you can change it. If you want to spend BRL directly instead, you can, but you give up the cashback that is described below.

A few things the page does not say, and which I think matter:

• The blockchain networks for the supported cryptocurrencies are not named. ETH could be sent over Ethereum mainnet, Arbitrum, Base or another EVM chain, and USDT could be sent over Ethereum or Tron; the page does not tell you which one Foxbit expects. If you send on the wrong network, the funds are typically lost.
• Crypto deposits and withdrawals are not available on a simplified Foxbit account, so a R$ 5,000-per-month BRL cap combined with no crypto movement is a hard ceiling on what the card can do for you until you verify.
• The page does not say how to withdraw remaining card balance back to your bank, and the menu links to a Pix deposit and withdrawal page without a clear explanation. Card closure procedures are also not stated.

If you are topping up a verified account, the published ceiling is R$ 75,000 of BRL deposits per month and R$ 300,000 of BRL withdrawals per month, with personalised crypto withdrawal limits. The fee table for moving money in and out of the account, again, showed “Carregando taxas…” when I checked, so treat those numbers as ceilings, not promises of zero cost.

Paying with the Foxbit card every day

Once it is loaded, the card behaves like any other Mastercard. It works in shops and online wherever Mastercard is accepted, and you can add it to Apple Pay and Google Pay for contactless payments. The page mentions tap, insert and swipe, and online use, but does not say whether the default card you receive is virtual, physical or both. If you are a heavy mobile-wallet user, the lack of clarity here is a friction point: you do not know whether you will get a card number to type in immediately or have to wait for a piece of plastic to arrive.

Cashback is the card’s only stated reward, and it is paid only on purchases funded from crypto, not on BRL-funded spending. The bands are set by monthly crypto spend:

• Up to R$ 999.99 per month: 0% cashback
• R$ 1,000 to R$ 2,999.99: 0.5% cashback
• Over R$ 3,000: 1% cashback

Cashback is paid in the same cryptocurrency you spent, credited to your Foxbit wallet. So if you pay for R$ 4,000 of groceries in ETH, the 1% cashback is R$ 40 worth of ETH, not BRL. The R$ 1,000 threshold is meaningful: most users will be in the 0% band most months unless they put substantial spend through the card, and at the 0% band, the cashback pitch is essentially absent. Compared with a typical credit card that gives 1% or more on every purchase regardless of how you paid, the Foxbit cashback structure is more restrictive.

The mobile app is the main interface. It is available on iOS and Android. The App Store Brazil listing for the Foxbit app shows 4.4 out of 5 from about 5,600 ratings, with iPhone iOS 16.0 as a minimum and an Apple Watch companion app. The Google Play rating was not read for this review. There is no published description of the in-app card controls — no spend caps, no merchant-category blocks, no freeze toggle on the public page. Disputes (chargebacks) are not addressed on the public material at all, which is unusual for a Mastercard product and means you should not assume the same dispute rights you would have on a bank-issued card.

What can go wrong with the Foxbit card

The Foxbit card has the same risk profile as any other card that depends on a single exchange for both the funding side and the spending side, plus a few of its own.

Regulatory status. Foxbit the company is Foxbit Sociedade Prestadora de Ativos Virtuais Ltda. (PSAV), CNPJ 21.246.584/0001-50, registered in Brazil. The card page says the company is filing for Central Bank authorisation as a virtual-asset service provider. That authorisation is not yet in hand. The card’s own issuer and BIN sponsor are not named on the official page. Unofficial reporting (Startups.com.br, a LatamFintech article on Pomelo and Foxbit) says the card is issued by the Argentine processor Pomelo. That is consistent with how the card behaves in Brazil, but it is not confirmed by Foxbit’s own pages, and you should treat the issuer identity as unofficial until the card programme states it directly.

Custodial risk on the crypto side. Your crypto sits in Foxbit’s custody, not in your own wallet. Crypto balances are not covered by the FGC, Brazil’s deposit guarantee. If Foxbit has a custody or solvency event, your card balance is only as safe as the company’s balance sheet. The card page flags this in its own materials.

Customer complaint record. On Reclame Aqui, Foxbit shows 7.9/10 with 250 complaints in the first half of 2026 and 88.1% of those complaints resolved. That is a respectable score. The complaint themes reported by users are not card-specific: delays on Pix and BRL withdrawals, difficulty withdrawing bitcoin, and account email-change delays that locked some users out of their accounts. On Trustpilot the score is much lower: 2.8/5 from only 3 reviews, none in the last 12 months. The small sample makes that score a weak signal on its own, but the older Trustpilot reviews include an ETH withdrawal refused in October 2025 and a KYC case where a national ID (RG) was not accepted in February 2022, both of which are concrete rather than vague.

Security controls. The card page says only that “Foxbit never asks for your password or 2FA code”, which is good practice messaging rather than a description of the card’s own controls. There is no published detail of in-app card freeze, no spending limits beyond the cashback bands, and no description of how the card blocks suspicious transactions. If you are used to a banking app that lets you freeze a card instantly and set a per-transaction cap, the Foxbit card is less feature-rich on that axis.

Network and FX. The card is BRL-denominated. If a transaction is in a foreign currency, the IOF + taxa de câmbio 6% line applies, on top of whatever the Mastercard rate is. The fee page does not break that 6% out, and “taxa de câmbio” is the FX margin, so a non-BRL purchase is the most expensive way to use the card.

Help and support. Foxbit runs a help center and a /contato contact page. There is no published SLA, no live chat indicator, and no phone number on the card page. For an account where your funds and your card both live, a slow support response is itself a risk factor.

What to take instead of the Foxbit card

The Foxbit card is a strong fit for a narrow audience and a poor fit for almost everyone else. If you read the previous section and decided the card is not for you, here are the alternatives that other reviewers and I keep coming back to.

Bybit Card. The Bybit Card is available in a much wider set of countries than Foxbit: Argentina, AIFC (Kazakhstan), Georgia, Kazakhstan, Australia, Mexico, Brazil, Peru and an Asia Pacific region. The application flow asks for your country of residence, and if your country is not supported Bybit says it will “register your interest”. Bybit explicitly says the card is not meant for European Economic Area customers and prohibits their participation. The card is a Mastercard in some regions and a Visa in others; the BRL Brazil version is a Visa prepaid card. Virtual and physical cards are available in most regions, with some exceptions (no physical card in Peru, for example). Costs are mostly zero for virtual issuance, with physical card fees varying by region. Crypto conversion is 0.9% on top of the One-Click Sell rate in most regions, and FX is 2% in most, 1.5% in Brazil, 1% in Peru, 7% in Argentina, where there are also local taxes (VAT 21% on foreign digital services, 30% on foreign transactions, 1%–13.2% provincial gross-income tax). Rewards are points-based and can be turned into USDT cashback, with the cashback structure tied to a tier system (Base, Beta, Alpha, Apex, Omega, Infinite) and higher tiers reached by monthly spend rather than paid upgrades. Compared with Foxbit, Bybit trades a simpler fee structure for a more complex reward system and a much wider country list.

Coinbase Card. The Coinbase Card is a Visa prepaid debit card, available in all US states except Hawaii, and only in the US. The sign-up follows standard US identity-verification rules under the USA PATRIOT Act. The card itself is “zero spending fees and no annual fees”, with all the other terms sitting in the Cardholder Agreement and User Agreement. Coinbase does not charge a transaction fee on top of card spending, but a spread applies when it converts your crypto to dollars at the time of payment. The card is funded by linking a bank account or depositing part of a paycheck into Coinbase, and your Coinbase crypto balance can be spent through the card. The rewards side is optional: US card users can pick from rotating crypto rewards on every purchase, with the rate shown in the app. If you live in the US and want a no-frills way to spend Coinbase-held crypto, this is the cleanest comparable product; if you live outside the US, the card is not available.

OKX Card. The OKX card is Mastercard, euro-denominated, virtual-only, and rolled out across the EU plus Norway from 28 January 2026; Iceland and Liechtenstein are excluded, and the launch material is slightly inconsistent on whether the whole EEA is in or out. OKX is regulated as a MiCA-licensed entity through OKX Europe Ltd. There is no card fee and no OKX FX fee on the published material; the conversion spread is 0.1% per the May 2026 explainer, though the launch press release quoted 0.4% (the explainer is newer and probably more accurate). The card spends from USDC or USDG held inside OKX Pay, with other coins converted first; there is no auto top-up, so a payment is declined if the balance runs out. Cashback is paid only on USDG-funded purchases (USDC earns nothing), with monthly caps in EUR that vary by user tier. For an EU-based user who is comfortable holding stablecoins, this is a reasonable comparison point; for someone whose bank balance is in BRL, it is the wrong region.

The honest summary of the comparison: the Bybit Card is the closest alternative if you want a country-flexible product and do not mind the points-based cashback; the Coinbase Card is the right answer if you are in the US and want a regulated, plain-vanilla debit product; the OKX Card is the right answer if you are in the EU and want a euro-denominated stablecoin-funded card. None of them is a drop-in replacement for the Foxbit card in Brazil, because the Foxbit card’s value is its tight integration with the Foxbit exchange for a BRL customer.

Who I would recommend the Foxbit card to

I would recommend the Foxbit card to one specific reader: someone who is already a Foxbit client in Brazil, holds crypto on the platform, and wants a simple way to spend that crypto in reais at Brazilian merchants without first cashing out to a bank account. For that reader, the fee structure is honest, the cashback bands are predictable, the daily-use experience (Mastercard, Apple Pay, Google Pay) is what you would expect from a modern card, and the integration between the app and the exchange is a genuine convenience.

I would not recommend the Foxbit card if you live outside Brazil, if you are not already a Foxbit user, if you need a card with a published cardholder agreement and dispute process, if you plan to spend in currencies other than BRL, or if you want a card with rich in-app controls like instant freeze, per-transaction caps and merchant blocking. The public material does not support any of those needs being met. The card is also not the right product if you want a credit-card-style float — the page is inconsistent between prepaid and credit descriptions, but the funding model is prepaid in practice, and you should treat it that way.

If you are the target reader, the Foxbit card is one of the cleanest products in its niche and a reasonable default. If you are not, the Bybit, Coinbase or OKX options above will be a better fit.

Frequently asked questions

What is the Foxbit card?

The Foxbit card is a Mastercard payment card offered by the Brazilian crypto exchange Foxbit. It lets you spend your Foxbit-held crypto balance in Brazilian reais wherever Mastercard is taken, and it works with Apple Pay and Google Pay. It is available only to Foxbit individual clients in Brazil.

How does the Foxbit card work?

You deposit BRL into Foxbit via Pix, buy one of the supported cryptocurrencies (BTC, ETH, USDT, XRP or ADA) and the card spends that crypto balance at payment, converted to BRL. You can also spend BRL directly, in which case you do not earn cashback. The card itself is prepaid in practice.

Is Foxbit a bank?

No. Foxbit is a Brazilian crypto exchange, formally Foxbit Sociedade Prestadora de Ativos Virtuais Ltda. (PSAV), CNPJ 21.246.584/0001-50. It is in the process of applying for Central Bank authorisation as a virtual-asset service provider. Crypto balances on the platform are not covered by Brazil’s FGC deposit guarantee.

Who owns Foxbit?

Foxbit is a Brazilian company; ownership details are not on the card page. The card’s issuing bank or e-money institution is also not named on Foxbit’s official materials, with unofficial reporting pointing to the Argentine processor Pomelo as the issuer. Treat that as unconfirmed.

Is the Foxbit card available outside Brazil?

The card’s official pages name Brazil and Brazilian individual clients only. No other country is listed as supported, and there is no documented application path for non-residents. If you do not live in Brazil, the card is not available to you through the official channel.

How do I apply for the Foxbit card?

You create a free account at app.foxbit.com.br, complete Foxbit’s KYC, and then request the card from inside the app using the “Solicitar meu cartão” button. The page does not give a delivery estimate or describe what KYC documents are required.

Does the Foxbit card require KYC?

Yes. You need a verified Foxbit account before you can request the card. Foxbit has two account levels: a simplified account with a R$ 5,000 monthly BRL limit and no crypto transfers, and a verified account with higher BRL limits and personalised crypto withdrawal limits. The KYC documents and review times are not described on the public page.

How do I add the Foxbit card to Apple Pay or Google Pay?

The card supports Apple Pay and Google Pay according to the official page. The exact steps are inside the Foxbit app once the card is issued. The public material does not walk through the process step by step.

How do I top up the Foxbit card?

You top up by depositing BRL into your Foxbit account via Pix, then buying one of the supported cryptocurrencies at the app’s quoted rate. The default crypto the card uses for spending is set in the app. The blockchain networks on which Foxbit accepts each crypto are not named, so send only on the network the app instructs you to use.

Is the Foxbit card safe?

The card sits behind a regulated Brazilian exchange that has filed for Central Bank authorisation, and the customer complaint record on Reclame Aqui is solid (7.9/10, 88.1% of complaints resolved). The card-side controls — freeze, spending limits, dispute process — are not described on the public page, and your crypto balance is held in custody rather than in your own wallet, which carries counterparty and hack risk that a self-custody card would not.

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