A Brazilian crypto card built for Foxbit exchange clients, with a thin public fee sheet

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

Foxbit is a Brazilian cryptocurrency exchange, and the Foxbit card is the payment card it issues on top of that exchange account. The whole product is built around one idea: if you already hold crypto on Foxbit, you can spend it in reais through a Mastercard wherever cards are accepted, without first selling it on a brokerage or sending it to a bank. The card itself is not a standalone wallet; it is a spending layer glued to your Foxbit account. That single fact shapes everything that follows, from who can get it (Foxbit clients in Brazil) to what it costs (essentially free, with a 6% line on the fee page that the company does not fully explain) to the alternatives that exist if you do not already have a Foxbit account.

This review walks through who Foxbit will actually issue the card to, how the sign-up and KYC process work, what the everyday fees look like in plain numbers, how to top the card up, what paying with it day to day feels like, and where the real risks sit. I have kept the structure close to the questions a new reader would ask in order. Every figure, country and company name in this article comes from Foxbit’s public pages or the user-report sources noted in each section; I have not invented numbers, and where the company itself has not published a value I say so plainly once.

The conditions on this page are current as of October 28, 2026. Card terms, fees and supported features can change without notice, so treat this as a snapshot rather than a contract.

Verdict

Foxbit lands at 5.6 out of 10. The score is built from six criteria that map to the rest of this review, and the table below shows how each one performed.

The audience this card genuinely fits is narrow: you are already a Foxbit client, you live in Brazil, you hold one of the five supported cryptocurrencies, and you want a way to spend that balance in reais without a manual sell-and-transfer step. If any of those four conditions is missing, the card is the wrong tool. In particular, anyone outside Brazil, anyone looking for a general-purpose travel card, and anyone who wants a self-custody wallet linked to a card will not find what they need here.

Who they will give the card to

Foxbit states plainly that the card is *liberado apenas para pessoas físicas*, which translates to “released only for individual people” (individuals, not companies). On top of that, the card is part of the Foxbit account, not a separate product you can sign up for from scratch. You must already be, or become, a Foxbit client before the card becomes available to you.

The card is a Brazil-only product in the public material. No other country is named on Foxbit’s pages as an eligible jurisdiction, and there is no international sign-up path described. A reader outside Brazil reading this review can stop here: the card will not be offered to you, regardless of how you hold your crypto.

Foxbit runs two account tiers, and the card sits on top of whichever one you have:

• Simplified account: a R$ 5,000 monthly BRL limit on deposits and withdrawals, and you cannot send or receive crypto.
• Verified account: up to R$ 75,000 in monthly deposits and R$ 300,000 in BRL withdrawals, with personalised crypto withdrawal limits.

The documents required to move from simplified to verified, and the time that takes, are not described on the public page. If you intend to use the card for anything beyond very small spending, you should expect to go through the full verification.

The minimum age, the list of accepted identity documents, and the KYC questions themselves are not stated on Foxbit’s card page. There is no mention of nationality or residency screening rules specific to the card. In a Brazilian context this is unusual to spell out, because the underlying exchange KYC already handles those checks, but for a reader comparing this card to a Binance Card or a Bybit Card, it means Foxbit does not publish a country-acceptance list. The honest answer is: if you can pass Foxbit’s exchange KYC in Brazil, you can apply for the card.

There is no corporate or business card. There is no joint account. The card is single-user.

How to get it

The sign-up flow is the standard Foxbit flow with a card request at the end of it.

1. Open a Foxbit account for free at app.foxbit.com.br. The page does not describe what the KYC step looks like in detail (no list of documents, no timing).
2. Complete identity verification. As above, the two account levels are simplified and verified, and you need at least the simplified level to have a working account.
3. Request the card by tapping “Solicitar meu cartão” in the app or on the account page. The card is a Mastercard; Foxbit’s own page wavers between describing it as prepaid and describing it as a credit-function product, and does not say whether the card you receive is virtual only, physical only, or both.
4. Top up the card by depositing BRL through Pix and buying one of the supported cryptocurrencies (see the *Top up* section). Without a funded balance, the card has nothing to spend.

Delivery time, whether the card arrives activated or needs a separate activation step, and how to replace a lost or stolen card are all not stated on the public page. If any of these matter to you, you would need to ask Foxbit support before applying.

The minimum age is not stated. On most Brazilian prepaid card programmes the practical floor is 18, but Foxbit does not put a number on it. Likewise, the app versions that support the card flow and the devices they run on are not listed for the card itself; the Foxbit app is published for iOS and Android.

What it really costs (Fees)

The good news is that the headline fees are zero. The bad news is that the public fee page is short on detail, and one line in particular is unexplained.

The table below pulls together the values Foxbit publishes. Where a value is genuinely not on the public page, the cell says so rather than guessing.

A few things from this table deserve a closer look, because they are the levers that decide whether the card is expensive or cheap in practice.

First, the *0.0%* crypto-to-BRL conversion figure. This is the fee Foxbit charges on top of the exchange rate when it sells your crypto to fund a card payment. A 0.0% explicit fee is competitive, but the page itself notes that the *final price may vary with liquidity*, which is a polite way of saying the rate you actually get can move a few basis points in either direction depending on the order book at the moment of payment. For a single coffee that does not matter. For someone spending the family budget through the card every month, that spread is the real cost.

Second, the *6% “IOF + taxa de câmbio”* line. IOF is the Brazilian federal tax on foreign-exchange and cross-border financial transactions, and *taxa de câmbio* is the FX rate. The 6% number is published on Foxbit’s fee page at /taxas-e-limites, but the page does not say whether the 6% applies to foreign-currency transactions only, to ATM withdrawals, to every card payment, or to something else. For a Brazilian reader this is the most important number on the page, and the company is not telling you when it kicks in. Treat it as a worst-case ceiling until Foxbit clarifies.

Third, the ATM fee. R$ 6.90 is what you pay per domestic cash withdrawal on the Cirrus network or at Caixa 24hrs ATMs. The page does not give an international ATM fee or a percentage of the amount withdrawn, so if you plan to take cash out abroad, ask first.

Fourth, the absence of stated spending limits. Many Brazilian prepaid cards publish a per-day and per-month cap. Foxbit does not, on either the card page or the fee page. The closest you will find is the account-level R$ 5,000 (simplified) or R$ 300,000 (verified) monthly cap, but that is on deposits and withdrawals in reais, not on card spending.

Finally, the cashback bands. Foxbit pays cashback only on purchases paid in crypto, not in reais. The tiers are based on monthly crypto spend, not on BRL deposited:

• R$ 0 to R$ 999.99 → 0% cashback
• R$ 1,000 to R$ 2,999.99 → 0.5% cashback
• R$ 3,000 and above → 1% cashback

Cashback is paid in the same cryptocurrency you spent, back into your Foxbit wallet. There is no annual fee, no tier upgrade, and no paid card variant. A reader who spends less than R$ 1,000 a month in crypto through the card will get no cashback at all.

To put these numbers on a day-to-day footing, three everyday examples.

• A R$ 30 lunch paid in crypto. Conversion fee 0.0%; FX fee not stated; IOF line does not apply (domestic BRL transaction, assuming that is what the 6% covers). Effective extra cost: the bid/ask spread on the BTC/ETH/USDT/XRP/ADA market at the moment of payment. Cashback 0% (under R$ 1,000 monthly).
• A R$ 1,500 online purchase paid in crypto. Conversion fee 0.0%; cashback 0.5% in the same crypto, which works out to about R$ 7.50 back. Net positive in nominal terms, but the spread on the conversion is the real cost, and the 0.5% may not always beat it.
• A US$ 50 subscription charged in dollars to a Brazilian card. This is where the 6% IOF + FX line might apply. If it does, the R$ 150-equivalent base cost could increase by a significant markup, before any spread. A 1% cashback band does not come close to covering that.

The honest summary of Foxbit’s pricing is that *for a Brazilian user spending reais in Brazil from a crypto balance, the card is essentially free in explicit fees*; for *foreign-currency spending or cash withdrawals, the published numbers stop being helpful and you are relying on a 6% line that the company has not unpacked*.

How to top it up (Top up)

The card does not have a balance of its own. What it spends is the balance sitting in your Foxbit account, denominated in crypto. So the “top up” workflow is really a two-step process: get reais into the exchange, then buy the crypto you want to spend.

The mechanics, as Foxbit describes them:

1. Deposit BRL through Pix. Pix is Brazil’s instant-payment system run by the Central Bank. It works 24/7, settles in seconds, and is free for individuals. Foxbit does not publish a fee for the Pix deposit itself.
2. Buy one of the supported cryptocurrencies. The card will spend from any of these five: BTC, ETH, USDT, XRP, ADA. You choose a default crypto in the app, which the card will draw from at the moment of payment. You can change the default.
3. Spend in BRL or in crypto. The card is denominated in BRL, so paying a Brazilian merchant in reais is a straightforward conversion. You can also pay in reais directly from your BRL balance, but Foxbit states that doing so forfeits the cashback. The whole rewards structure assumes you are spending crypto, not fiat.
4. Crypto deposits and withdrawals. If you already hold BTC, ETH, USDT, XRP or ADA in another wallet, you can deposit that crypto directly to Foxbit instead of buying on the exchange. The page does not state which networks are supported for these transfers, which is unusual for a card product: most crypto cards publish a list (Ethereum ERC-20, Tron TRC-20, Solana, Polygon, and so on) so the user picks the right one and does not lose funds by sending USDT on a network the platform does not accept.

That last point is worth sitting with. *If you do not know which network Foxbit accepts for USDT, do not send USDT from an external wallet.* On a wrong network, your deposit will either fail to credit, sit in limbo, or be lost, and the public page does not tell you which one to expect. Confirm the network in the app’s deposit screen before sending, or use the Pix → buy-crypto path, which is the one Foxbit describes end to end.

The account-level deposit and withdrawal caps again apply here:

• Simplified account: R$ 5,000 a month in BRL deposits and withdrawals, no crypto deposits or withdrawals.
• Verified account: up to R$ 75,000 monthly deposits and R$ 300,000 monthly BRL withdrawals, with personalised crypto withdrawal limits.

If you have a simplified account and want to use the card for anything other than small day-to-day spending, you must verify your identity first. Foxbit’s fee page was incomplete on deposit and withdrawal values at the time of this review.

Withdrawing the balance back out is a different question. The card does not have a “card balance” you can withdraw in the way a prepaid card has a stored balance. The app menu links to a Pix deposit/withdrawal page without details, and the closure process for the card is not described. If you want to empty the account, you would sell the crypto for BRL and Pix the reais out — the same as for any other Foxbit balance.

Paying with it every day

Once the card is in your hand (or in your phone), the day-to-day experience is closer to a Brazilian prepaid card than to a credit card.

Networks and wallets. The card runs on Mastercard, and is compatible with Apple Pay and Google Pay. Tokenising the card into a mobile wallet means the merchant never sees the long card number; the device substitutes a one-time code. For a Brazilian reader, this is the only payment method many will need.

Tap, insert, swipe, online. Foxbit mentions tap, insert, swipe and online use, without spelling out which of these are available on which card format. The page is also internally inconsistent on whether the card is prepaid or has a credit function, so if a merchant asks “is this credit or debit?”, the safest answer is “prepaid debit”.

Domestic versus international spending. The card is denominated in BRL, so paying a Brazilian merchant in reais is the natural case. Paying abroad, or paying an online merchant in a foreign currency, triggers the FX conversion and the 6% IOF + taxa de câmbio line. Foxbit does not publish which merchant categories are blocked, so gambling, dating, crypto purchases and so on are not confirmed either way. If your card declines at a given merchant, the most likely cause is either insufficient crypto balance, an FX/IOF path the page does not explain, or a merchant-side check on the BIN (the first six digits of the card number, which identify the issuer).

Cashback in practice. Cashback is paid in the same crypto you spent, not in reais. So if you spent BTC, you get sats back; if you spent USDT, you get USDT. The 0.5% and 1% bands are low compared with what some other crypto cards offer (Bybit’s tiers go up to 10% for the top tier, for example), but the cashback is automatic, credited to your Foxbit wallet, and has no opt-in step on the public page.

The app. The Foxbit app on iOS in Brazil is rated 4.4 out of 5 from about 5.6 thousand ratings (iPhone iOS 16.0 and above; Apple Watch version available), read on 2026-10-20. The Google Play rating was not read for this review. The app is the place you request the card, change the default crypto, view transactions and (presumably) freeze the card, although Foxbit does not separately describe the freeze and spending-control features for the card. A security note on the company page says “A Foxbit nunca pede senha ou código 2FA” — Foxbit never asks for your password or 2FA code — which is worth internalising if you ever get a phone call claiming to be from support.

Disputes and chargebacks. Not stated. There is no public description of how to dispute a transaction, what evidence to provide, or how long the process takes. This is a meaningful gap if you are spending anything other than small amounts through the card.

What can go wrong

A crypto card sits on top of three things that can each fail independently: a card network (Mastercard), a card issuer (the licensed bank or e-money institution that puts the card on the network), and a crypto platform (Foxbit, which holds your balance). Foxbit’s pages are quiet about the card network and the card issuer.

The company. Foxbit is *Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda.*, CNPJ 21.246.584/0001-50, a Brazilian company. The card’s issuer / BIN sponsor is not named on Foxbit’s official page. The company says it is in the process of applying to the Central Bank for authorisation as a *prestadora de serviços de ativos virtuais* (PSAV), a virtual-asset service provider. Until that authorisation is granted, the card is a product of a company that is itself still going through the licensing step. Unofficial sources (a Startups.com.br article and a LatamFintech piece on Pomelo and Foxbit Card) name Argentine fintech Pomelo as the card issuer; this is *not confirmed by Foxbit*, and you should not rely on it as a fact.

User reports. On Reclame Aqui, a Brazilian consumer-complaints platform, Foxbit’s score is 7.9 out of 10 from 250 complaints between January and June 2026, with 88.1% resolved. The themes are not card-specific: held Pix/BRL withdrawals, difficulty withdrawing bitcoin, account email-change delays and lost access. On Trustpilot the score is 2.8 out of 5 from only 3 reviews, none in the last 12 months; the few specific complaints include an ETH withdrawal refused in October 2025 and a reported KYC case in February 2022 where a national ID card (RG) was not accepted. None of these are card complaints specifically, but the pattern of “withdrawals held up” is the kind of thing that hurts a card holder if the balance you need to spend is the balance that has been frozen.

Crypto balance safety. Foxbit’s own page notes that crypto balances are *not covered by the FGC* (Fundo Garantidor de Créditos, the Brazilian deposit-guarantee fund). That is normal for crypto assets in most jurisdictions — the FGC covers bank deposits up to a limit, not exchange-held coins — but it does mean that if Foxbit fails, your card balance is at risk along with the rest of the exchange. This is the standard counterparty risk that comes with holding funds on a custodial platform.

Operational risks Foxbit does not address:

• Card freeze and spending controls are not described. There is no public feature list for “freeze card”, “set a per-day cap”, “block online use”, “block ATM use”, or “block foreign transactions”. If these exist in the app, Foxbit has not documented them.
• 3-D Secure (the identity check that fires on suspicious online payments) is not mentioned. If your card does 3-D Secure poorly, you can expect failed checkouts at foreign merchants.
• Address Verification System (AVS), which is mainly a US/Canada/UK check, is more likely to fail on a Brazilian-issued card, and this can cause declines on some online stores.
• Merchant category blocks (gambling, adult, crypto exchanges, and so on) are not stated.
• Programme-closure risk: if Foxbit or the unnamed issuer ever ends the programme, you would get a notice period, then load and spend would be cut off, and you would have to withdraw your balance through the normal Foxbit flow. There is no example of this happening to Foxbit on the public record.

What the public page does say about safety is the line I quoted earlier — Foxbit never asks for your password or 2FA code — and a Help center at /contato for support. That is thin safety guidance for a product that moves both crypto and fiat. If you are weighing the card, the safety case rests almost entirely on Foxbit’s general operational track record, not on card-specific features.

What to take instead

Three alternatives cover most of the cases the Foxbit card misses. None of them is a perfect substitute, because each is built for a different audience, and the Foxbit card is essentially only competitive inside Brazil, for Foxbit clients, in crypto.

MSX. Score 6.4 out of 10. A Brazilian exchange with a card product aimed at the same domestic audience. There is no official page detailing the eligibility, costs, fees, top-up mechanics or rewards for the MSX card. If you are already an MSX client, that card may be a closer fit than Foxbit; if you are choosing between exchanges, the MSX card is the most direct alternative to investigate.

Bybit Card. Score 6.0 out of 10. Bybit’s card is published across more countries than Foxbit’s: Argentina, AIFC (Kazakhstan), Georgia, Kazakhstan, Australia, Mexico, Brazil, Peru, Asia Pacific. The application asks for your country of residence; if your country is not supported, Bybit “will register your interest”. The card page says it is “not meant for European Economic Area customers” and that “all European Economic Area customer participation is strictly prohibited”, so if you are in the EU this is not your card. Bybit’s fiat-service restricted list (covering deposits, withdrawals and One-Click Buy, not the card as such) names Belarus, Russia, Serbia, China and the United States, with a note that “Russian users can only make RUB transactions in fiat”. No card-specific rule on Russian or Belarusian citizenship was found. Costs are region-dependent: virtual card issuance is free everywhere “until further notice”; physical card issuance is free in Brazil and Mexico, US$ 29.99 in Australia, US$ 5 in Argentina, US$ 29.99 in Georgia and Kazakhstan (AIFC), US$ 5 in Asia Pacific. Crypto conversion is 0.9% over the One-Click Sell rate in most regions, 0.5% in Argentina; FX fees are 2% in most regions, 7% in Argentina, 1.5% in Brazil, 1% in Peru. Rewards are stronger than Foxbit’s: from October 2026, only crypto-funded transactions earn cashback, and the tiers go from 2% (Base) to 10% (Infinite) in USDT, with welcome and referral bonuses on top. Bybit supports BTC, ETH, XRP, USDT, USDC and GRAM as the funding cryptos, with a default priority of USDT > USDC > GRAM > BTC > ETH > XRP that you can reorder. Compared to Foxbit, Bybit is more expensive on most fees, has stronger rewards, and is available in more countries; for a Brazilian reader already happy with Foxbit, the main thing Bybit offers is the higher cashback ceiling and the broader asset list.

MEXC. Score 5.6 out of 10. A virtual-only card, with the published eligible countries including “the Philippines, Taiwan, Thailand…” (the full list is not shown). Issuance is shown as 20 USD, possibly next to a 0 USD discounted price (the page is unclear). The card is funded by sending USDT to the Fiat account then adding it to the My MEXC Card page; the network is not stated. Cashback is paid monthly by M-Score tier: Standard 4% up to 100 USDT, Premier 6% up to 300 USDT, Elite 10% up to 800 USDT. Referral pays 20 USDT to the referrer and 10 USDT to the referee. MEXC is the most rewarding of the three on paper for higher-tier users, but the missing information on networks, fees and country support makes it the hardest to plan around.

A quick comparison:

If you are already a Foxbit client in Brazil, the Foxbit card is the obvious answer. If you are in Brazil but want a richer rewards structure and are willing to pay higher fees, the Bybit Card is the strongest alternative. If you are outside Brazil, Foxbit is not an option; your choice is between Bybit (more countries, more transparent fees) and MEXC (more rewarding on paper, less transparent in the details).

Who I would recommend it to

The Foxbit card is the right call for a narrow reader. You are an individual in Brazil, you already have a Foxbit account, you hold one of BTC, ETH, USDT, XRP or ADA on the platform, and you want to spend that balance in reais without a manual sell-and-Pix step every time. You are happy to pay the bid/ask spread on the conversion (which the 0.0% explicit fee does not protect you from). You do not plan to spend heavily in foreign currency, because the 6% IOF + taxa de câmbio line is published but not explained. You are comfortable with the security and operational risks that come with a custodial Brazilian exchange that is still working through its Central Bank authorisation, and you are not relying on a card-specific dispute or freeze feature to bail you out if something goes wrong.

The card is the wrong call if any of the following is true: you live outside Brazil, you want a card linked to your own self-custody wallet, you are looking for a strong cashback or rewards structure, you need a published set of FX and ATM fees to plan around, or you need an issuer and BIN sponsor you can identify on the card itself. For each of these, one of the alternatives above will serve you better.

Two small things worth checking before you sign up. First, confirm in the app which networks Foxbit accepts for USDT (and the other supported tokens) before sending crypto from an external wallet, because the public page does not list them. Second, ask support for the FX and IOF rules in writing before you do your first foreign-currency transaction, so the 6% number on the fee page does not become an unpleasant surprise in your statement.

Frequently asked questions

What is the Foxbit card?

The Foxbit card is a Mastercard payment card that Foxbit, a Brazilian cryptocurrency exchange, issues to its individual clients. It is a spending layer on top of a Foxbit account, so the balance it draws from is the crypto balance you hold on the exchange. The card is denominated in BRL.

How does the Foxbit card work?

You deposit BRL through Pix into your Foxbit account, buy one of the supported cryptocurrencies (BTC, ETH, USDT, XRP, ADA), and the card spends that crypto by converting it to BRL at the moment of payment. Cashback, where it applies, is paid back into your Foxbit wallet in the same crypto you spent.

Is Foxbit a bank?

No. Foxbit is a Brazilian virtual-asset service provider that has applied to the Central Bank for PSAV authorisation. It is not a bank, and balances on the platform are not covered by the FGC (Fundo Garantidor de Créditos).

Who owns Foxbit?

The legal entity is *Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda.*, CNPJ 21.246.584/0001-50. The company does not name the card’s issuer / BIN sponsor on its public page; unofficial sources point to Argentine fintech Pomelo, but that has not been confirmed by Foxbit.

Is the Foxbit card available in my country?

The card is open only to Foxbit individual clients, and the published eligibility is Brazil. No other country is named as a supported market. If you are outside Brazil, the card is not currently available to you.

How do I get the Foxbit card?

Open a free account at app.foxbit.com.br, complete identity verification, then tap “Solicitar meu cartão” in the app or on the account page. You then need to top the account up through Pix and buy one of the supported cryptocurrencies before the card has anything to spend.

Does the Foxbit card require KYC?

The card sits on top of a Foxbit account, and the account requires KYC at the simplified or verified level. The KYC questions, accepted documents and turnaround time are not described on the card’s public page.

How do I top up the Foxbit card?

You do not top up the card directly. You deposit BRL through Pix into your Foxbit account, then buy one of the supported cryptocurrencies. The card spends that balance at the moment of payment. You can also deposit supported crypto from an external wallet, but Foxbit does not publish which networks it accepts, so confirm in the app before sending.

Is the Foxbit card free?

Issuance, annual and monthly fees are R$ 0.00. Crypto-to-BRL conversion is 0.0% in explicit fee, though the final price can vary with liquidity. Domestic ATM withdrawals cost R$ 6.90. A 6% “IOF + taxa de câmbio” line is published on the fee page; what it applies to is not explained.

How do I add the Foxbit card to Apple Wallet?

The card is compatible with Apple Pay and Google Pay. The exact steps are not in this review, because Foxbit has not published them on the card page; the standard flow is to open the Foxbit app, select the card, and choose “Add to Apple Wallet” or “Add to Google Pay”, then complete the wallet-side verification.

Content created by the «cryptocardselect» team