Foxbit card, reviewed for a Brazilian who spends crypto in reais

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

Foxbit sells a Mastercard tied to a Foxbit exchange account, and the card is, in practice, a way to spend the crypto you already hold on that exchange in Brazilian reais. That focus is also the boundary of who the card is for: it is built for clients of one Brazilian exchange, denominated in BRL, and is not advertised for users outside Brazil. If you are not already a Foxbit customer with reais on the platform, the card is not really aimed at you, and the rest of this review explains why in detail.

This review goes through who can get the card, what the sign-up path looks like, what it costs in practice, how you top it up, what daily spending looks like, where the risks sit, and what to consider instead. The score at the top is the summary of that walk-through.

Conditions are current as of October 28, 2026.

Verdict

The Foxbit card scores 5.6 out of 10 in this review. That single number captures a card that is essentially free to hold and easy to use inside Brazil, but is built on a narrow base: only existing individual clients of the Foxbit exchange can apply, no other countries are advertised, the cashback only starts above R$1,000 a month, and the official pages leave several practical questions unanswered. If you are a Brazilian Foxbit client who already pays in reais and wants a simple way to spend crypto balance, it can fit. If you want a card with a generous rewards programme, an internationally-licensed issuer, or wider availability, you should look elsewhere.

Here is the breakdown criterion by criterion.

The audience this card fits is, in plain words, Foxbit clients in Brazil spending crypto in reais. That is a smaller group than most crypto card reviews assume, and the score reflects that.

Who can get the Foxbit card

The eligibility wall around the Foxbit card is unusually narrow. The card is “liberado apenas para pessoas físicas”, which means it is open only to individuals, not to companies. You must already be a Foxbit client to apply: the sign-up path goes from the exchange to the card, not the other way around. The official page does not list any other country besides Brazil, and there is no application for non-Brazilian residents or non-Foxbit users. If you are reading this from outside Brazil, the card is not advertised for you.

There are also two account tiers inside Foxbit itself, and they shape the card’s deposit and withdrawal limits. The “simplified” account caps BRL deposits and withdrawals at R$5,000 a month and does not allow crypto transfers at all. The “verified” account lifts that to R$75,000 in monthly BRL deposits and R$300,000 in monthly BRL withdrawals, with crypto withdrawal limits set per customer. Whichever tier you sit in, that is the volume the card can draw on, because the card balance is just a view of your Foxbit account.

The page does not state a minimum age, and the KYC process itself is not described in detail: there is no list of which documents you have to upload, and no published turnaround time. So beyond “be a Brazilian individual, sign up, verify”, the rest of the rules are not on the official page.

How to get the Foxbit card

The sign-up path is short and, on paper, free. The official flow is: open an account at app.foxbit.com.br, then click “Solicitar meu cartão”, which is the “request my card” button inside the Foxbit app. The card is a Mastercard, denominated in BRL, and the public page mentions both contactless (“tap”) and insertion use, as well as online purchases. It is not consistent, however, on whether the card behaves as prepaid or as a credit-function product, and the page does not clarify whether you receive a virtual card, a physical one, or both.

Delivery times and shipping cost are not stated on the official page. That is unusual for a card product: most card programmes publish at least a delivery window, even if they do not commit to a date. So before you apply, the practical question “when will it arrive” is not answered on Foxbit’s own materials.

What you do know is what kind of card it is at the network level: it runs on Mastercard, in BRL, and it is intended to be used with the Foxbit account balance. The cards-by-tier piece is simple: there is one card, no paid tiers, no metal version, no premium upgrade for a higher fee. The only tier-like feature is the cashback bands, which we will look at in the cost section.

What it really costs: Foxbit card fees

The headline cost numbers are the friendliest part of this card. Issuance is free, the annual fee is R$ 0.00, and the monthly fee is R$ 0.00. There is no subscription just to keep the card open. That alone puts the Foxbit card ahead of several competitors that charge an annual or monthly maintenance fee.

The catch is that there is more than one kind of fee on a card like this, and only some of them are spelled out on the official page. The costs table below gathers what Foxbit’s own materials say; where the page is silent, the cell says so.

The 6% line is the number to watch. The official fee page shows a single line, “IOF + taxa de câmbio” 6%, and does not say whether it applies to international purchases, to ATM withdrawals, to top-ups, or to all of them. IOF is a Brazilian tax on financial operations, so it is not optional, but the scope of that line is opaque until you read the full table at /taxas-e-limites. Anyone planning to use the card for cross-border spending should check that page directly before relying on the 6% figure.

A few everyday examples make the cost picture more concrete. Paying for groceries in BRL with a BRL card, with a crypto balance already in your Foxbit account, involves the conversion from crypto to BRL at the rate Foxbit shows, plus the 6% line if it applies to that purchase. Withdrawing cash from a domestic ATM using a Brazilian Mastercard (for example on the Cirrus or Caixa 24hrs network) is shown on a third-party reading as R$ 6.90, although the official card page does not confirm this number. Paying in a foreign currency online triggers the same 6% line on the fee page, but again the exact scope is not stated on the page. Because the official page leaves room for the fee table to add to or contradict the headline numbers, the practical approach is: read the /taxas-e-limites page before you start spending.

How to top up the Foxbit card

Topping up the Foxbit card is the same operation as topping up a Foxbit account, because the card balance is a view on that account. There is no separate wallet to fund. The flow is: deposit BRL into Foxbit via Pix, then buy the cryptocurrency you want to spend. Once the crypto sits in your Foxbit balance, the card can draw on it.

The accepted cryptocurrencies are BTC, ETH, USDT, XRP and ADA. There is no native support for Solana, no USDC, no euro- or BRL-pegged stablecoin, and no separate “stable balance” for the card. The default crypto that the card spends from is set inside the Foxbit app, and you can change it. If you prefer to pay in BRL directly without buying crypto, that is also possible, but those BRL payments do not earn cashback.

The funding limits run in parallel with the account tiers. The simplified account allows R$5,000 in monthly BRL deposits and withdrawals and no crypto deposits or withdrawals at all. The verified account lifts the ceiling to R$75,000 in monthly BRL deposits and R$300,000 in monthly BRL withdrawals, with personalised crypto withdrawal limits. The page does not show a separate “card top-up” limit: what you can spend on the card is bounded by what you can hold in the account.

The page is less clear on the network side. The supported cryptocurrencies are listed, but the blockchain networks on which Foxbit accepts deposits for each one are not named on the card page. That is a meaningful gap. Crypto transfers are irreversible, and sending USDT on a network Foxbit does not support, or to an address belonging to a different network, can either be lost or require manual support intervention with no guarantee of recovery. The safest move is to deposit BRL via Pix first, then buy the crypto inside Foxbit, so the network question never reaches you.

Withdrawing the card balance back out is not described on the card page. The menu links to a Pix deposit/withdrawal page, and the card balance is part of the Foxbit account, so in practice the route is: sell crypto to BRL, then send to a Pix account. But closure of the card itself, and any closure-specific balance withdrawal steps, are not stated.

Paying with the Foxbit card every day

The day-to-day experience is the part of the Foxbit card that is most clearly described, and the most clearly positive. The card runs on Mastercard, which means it is accepted anywhere Mastercard is taken in Brazil, and the network acceptance footprint in Brazil is wide. The card works with Apple Pay and Google Pay, so you can tokenise it into a phone wallet for contactless payments. Online purchases are mentioned on the page as well, so the card is intended for both in-store and e-commerce use.

The cashback programme is straightforward and worth understanding in detail, because it is the only ongoing reward the card offers. Cashback applies only to purchases paid in crypto, not in BRL. The bands run by monthly crypto spend: up to R$999.99 you earn 0%, R$1,000 to R$2,999.99 you earn 0.5%, and above R$3,000 you earn 1%. The cashback is paid in the same cryptocurrency you spent, credited to your Foxbit wallet. There is no rotating list of bonus categories, no sign-up bonus, and no referral programme on the page.

The Foxbit app is the control surface. It is available on iOS and Android. As of 20 October 2026, the iOS app in the Brazilian App Store holds a 4.4 out of 5 rating from about 5.6 thousand ratings, with iPhone iOS 16.0 and Apple Watch support listed. The Google Play rating was not read. The app is also where you change the default crypto, view your balance, request the card and, presumably, manage basic card functions.

The official page does not list blocked merchant categories. Many Brazilian cards, including some crypto cards, exclude gambling, betting or specific high-risk categories by policy. The Foxbit page does not say which MCCs it blocks, and does not list any restrictions on the kind of merchant that can take the card. So if you intend to use the card at a specific category (subscriptions, gambling, fuel, tolls), the safe step is to confirm in the app or with support before you rely on it.

Dispute and chargeback handling is not described on the official page. There is no published process for “I was charged twice” or “I never received the goods”. That is not unusual for a prepaid-style card, but it is something to be aware of: if a transaction goes wrong, the path to fix it is whatever Foxbit support does, not a card-network chargeback scheme you can read about in advance.

What can go wrong with the Foxbit card

The risks around a card like this split into three groups: the company behind the card, the way the account behaves under stress, and the structural risks of spending crypto from a custodial balance.

The legal entity is Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. (PSAV), CNPJ 21.246.584/0001-50, registered in Brazil. The card page says the company will file for Central Bank authorisation as a PSAV, which means that, as of this review, the licence is still in the application phase. The card issuer and BIN sponsor are not named on the official page, so it is not clear which regulated institution stands behind the Mastercard programme. Unofficial third-party reporting names the Argentine fintech Pomelo as the issuer, but that has not been confirmed by Foxbit’s own materials and should be treated as unofficial.

Customer feedback paints a mixed picture. On Reclame Aqui, a Brazilian consumer complaint platform, Foxbit’s profile is rated 7.9 out of 10 across 250 complaints filed between January and June 2026, with 88.1% of cases marked as resolved. The complaint themes that recur are about Pix and BRL withdrawals being held, difficulty withdrawing bitcoin, account email-change delays, and lost access to accounts. The complaints reviewed are not card-specific, and no card-specific complaints were found on the page. On Trustpilot, the rating is lower: 2.8 out of 5 from only 3 reviews, none in the last 12 months. One review reports an ETH withdrawal refused in October 2025 and another reports an ID (RG) not being accepted for KYC in February 2022. The Trustpilot sample is too small to draw strong conclusions from, but the platform complaints about withdrawals are consistent with the Reclame Aqui themes.

There is no public record of an official incident (a hack, a programme shutdown, a regulator action) on Foxbit’s own pages. The most newsworthy official item is the planned PSAV filing itself, which is a forward-looking statement, not a past event.

The security framing on the official page is limited but clear on one point: “A Foxbit nunca pede senha ou código 2FA”, which means Foxbit will never ask for your password or 2FA code. The page does not describe an in-app card freeze, spending controls or per-transaction limits. Crypto balances held with Foxbit are not covered by the FGC, the Brazilian deposit guarantee, so a custodial failure would be a loss to the customer, not a covered event. There is no published dispute or chargeback process, so the practical recourse if something goes wrong is the help centre at /contato.

The structural risk is the one that applies to every crypto card of this type. The card spends from a custodial balance, which means the crypto sits with Foxbit, not in a wallet you control. If Foxbit is hacked, becomes insolvent, or freezes withdrawals, your card stops working and the underlying balance may not be reachable. Self-custody cards exist precisely to remove that risk, but the Foxbit card is not one of them.

What to take instead of the Foxbit card

The Foxbit card is one option in a wider set of crypto cards, and the honest comparison is with cards that solve a problem the Foxbit card does not: cross-border spending, larger rewards programmes, or non-Brazilian availability. Three alternatives stand out.

The Bybit Card (6.0 out of 10) is broader in geography. The official help centre lists card regions including Argentina, the AIFC in Kazakhstan, Georgia, Kazakhstan, Australia, Mexico, Brazil and Peru, with an Asia Pacific region on top. The application asks for a country of residence, and if the country is not supported, Bybit says it will register your interest. The Bybit card is offered as both virtual and physical, with a credit-function product in some regions and a prepaid in others, denominated in the local currency of the issuing region. Crypto conversion is 0.9% over the One-Click Sell rate in most regions and 0.5% in Argentina, with an FX fee on top. The rewards programme is richer than Foxbit’s: a tiered system up to 10% cashback at the top “Infinite” tier for non-VIP users, with monthly caps, plus a welcome offer of 10% cashback up to 110 USDT in the first 30 days. The trade-off is that Bybit restricts service in several jurisdictions, including a list for fiat services that includes the US, China, Belarus and Russia.

The Coinbase Card (6.4 out of 10) is the cleanest fit for US residents. It is available in all US states except Hawaii, follows the USA PATRIOT Act identity rules (name, address, date of birth, ID), and there is no mention of any non-US country. The card is a Visa prepaid debit, virtual or physical, that converts crypto to US dollars at the moment of purchase. Coinbase states “zero spending fees and no annual fees”, but a spread applies when Coinbase converts crypto, which is the practical cost. Rewards are optional and rotate between cryptos, so the rate you get is shown in the app at the time. It is not generous by global crypto-card standards, but the legal structure (US-issued, US-regulated) is more familiar than a Brazilian PSAV-in-application.

OKX (6.2 out of 10) is the European option. It launched in the EU plus Norway on 28 January 2026, with Iceland and Liechtenstein excluded (and the explainer language inconsistent about whether the entire EEA is in or out). The card is a Mastercard euro-denominated virtual debit card linked to OKX Pay, with no card fee, no transaction fee and no OKX FX fee. The conversion spread is 0.1% per a May 2026 explainer, although the launch press release said 0.4% — that conflict is real, and the explainer is the newer document. Cashback is paid in USDG (a stablecoin), with rates and monthly caps by VIP tier. The funding model is USDC or USDG in OKX Pay; other coins must be converted first, and there is no auto top-up, so a payment with insufficient balance is simply declined. OKX is the only one of the three with a clear EU licence through OKX Europe Ltd. under MiCA.

What this means in plain terms: if you are a Brazilian Foxbit client, the Foxbit card is the lowest-friction option because it sits on an account you already have. If you are outside Brazil, none of the Foxbit card’s advantages apply, and you should look at Bybit, Coinbase or OKX instead.

Who I would recommend the Foxbit card to

A recommendation for this card has to start with the country. The Foxbit card is for a Brazilian individual who is already a Foxbit client, holds crypto on the platform, and wants a Mastercard to spend that crypto in reais at everyday merchants. For that reader, the case is simple: no issuance fee, no annual fee, no monthly fee, free Apple Pay and Google Pay support, and a small cashback above R$1,000 a month. If most of your spending is in BRL and your crypto balance is already on Foxbit, this card does the job without a subscription or a foreign-currency surprise on most transactions.

The card is not for several other groups of readers, and they should know it before applying. If you are not in Brazil, the card is not advertised for you, and there is no sign-up path. If you are a company, the card is for individuals only. If you want a generous cashback programme, the 0.5% to 1% bands are modest, and the 0% band up to R$1,000 a month means small spenders earn nothing. If you want a card with a named, regulated issuer in a jurisdiction you recognise, the Foxbit card’s issuer is not named on the official page, and the PSAV application is still in progress. If you want self-custody of your crypto, the card is custodial by design. And if you want to spend abroad and have a clear, fixed FX fee, the 6% “IOF + taxa de câmbio” line on the fee page is not specific enough to plan around without checking the full /taxas-e-limites table.

The honest summary is this: the Foxbit card is a thin, cheap layer on top of an exchange account, and it is best evaluated as exactly that. It is not a card product that competes with the larger international programmes; it is a convenience feature for one Brazilian exchange’s clients. For those clients, it is worth using. For everyone else, the score is right at 5.6 out of 10, and the alternatives above are better places to spend time.

Frequently asked questions

What is the Foxbit card?

The Foxbit card is a Mastercard denominated in BRL, issued for clients of the Brazilian Foxbit cryptocurrency exchange, and intended to let users spend their Foxbit account balance at everyday merchants. It works as a payment card spent from a crypto balance, with Apple Pay and Google Pay support, and it is described as available only to individuals.

How does the Foxbit card work?

You deposit BRL into Foxbit via Pix, buy a supported cryptocurrency (BTC, ETH, USDT, XRP or ADA), and the card draws on that balance when you pay. Crypto payments are converted to BRL at the rate Foxbit shows, and cashback is paid in the same crypto you spent. The default crypto is set inside the Foxbit app.

Is Foxbit a bank?

No. Foxbit is a Brazilian cryptocurrency exchange registered as Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. (CNPJ 21.246.584/0001-50). It has said it will apply for Central Bank authorisation as a PSAV, but it is not a bank, and balances held with Foxbit are not covered by the FGC deposit guarantee.

Who owns Foxbit?

Foxbit is the trading name of Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., a Brazilian limited liability company. The card issuer and BIN sponsor are not named on Foxbit’s official pages, and third-party reports that the issuer is the Argentine fintech Pomelo have not been confirmed by Foxbit.

Is the Foxbit card available outside Brazil?

The official page does not list any country other than Brazil, and the card is described as open only to individuals who are already Foxbit clients. There is no published application path for non-Brazilian residents, and the card is denominated in BRL.

How do I apply for the Foxbit card?

The official flow is to sign up at app.foxbit.com.br, complete the Foxbit account verification, and then click “Solicitar meu cartão” inside the Foxbit app. Card issuance is listed as R$ 0.00, and delivery time is not stated on the page.

Does the Foxbit card require KYC?

The card requires a Foxbit account, and Foxbit accounts are subject to the platform’s verification. The KYC steps themselves are not described on the card page, and a minimum age is not stated. Account limits depend on the simplified (R$5,000 monthly) or verified (up to R$75,000 deposits / R$300,000 BRL withdrawals monthly) tier.

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

Once the card is active in the Foxbit app, tokenising it into Apple Pay or Google Pay follows the standard mobile-wallet flow on iOS or Android. Both wallets are listed as supported, and the Foxbit app is available on iOS 16.0 or later and on Android.

Is the Foxbit card safe?

The card is issued by an entity whose issuer and BIN sponsor are not named on the official page, and the parent company is applying for Central Bank authorisation as a PSAV. Balances are custodial and not covered by the FGC. The official page says Foxbit will never ask for your password or 2FA code, and there is no published card-freeze or dispute process.

Is the Foxbit card worth it?

It depends on your situation. For a Brazilian individual who already holds crypto on Foxbit and spends mostly in BRL, the card is essentially free to hold, supports Apple Pay and Google Pay, and pays 0.5% to 1% cashback above R$1,000 a month. For users outside Brazil, for companies, or for anyone who needs a named, regulated issuer or a richer rewards programme, the card is not a fit, and alternatives like the Bybit, Coinbase or OKX cards are more appropriate.

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