Foxbit card review: a Brazil-only crypto card for Foxbit account holders
Available in USThe Foxbit card is a Mastercard that lets you spend cryptocurrency from your Foxbit exchange account at Brazilian merchants. It is not a general-purpose crypto card: it is only available to existing Foxbit clients in Brazil, and the official page makes no mention of any other country. That single fact shapes almost everything about whether this card makes sense for you.
I went through the Foxbit card’s official pages, the fee schedule, the public company information and user reports on Reclame Aqui and Trustpilot, then compared it against three other cards readers tend to ask about: the Bybit Card, the Coinbase Card and the OKX card. Below is what I found, section by section, and what I think it means in practice.
Conditions are current as of October 28, 2026.
Verdict
The Foxbit card scores 5.6 out of 10 in my reading. That is below the Bybit Card (6.0), the OKX card (6.2) and the Coinbase Card (6.4), and the gap comes from eligibility, not from pricing. The card itself is free: no issuance fee, no annual fee, no monthly fee, and crypto-to-reais conversion is listed at 0.0%. On raw cost, it is one of the cheaper crypto cards you can find.
The problem is access. The card is only opened to individuals who already have a Foxbit exchange account in Brazil. The official page does not list any other country, and it does not state an age requirement. There is no standalone sign-up link for non-clients, and the KYC process is not described on the card page itself. If you are not already a Foxbit customer in Brazil, this card is not an option.
Where the Foxbit card does make sense is for the audience it actually targets: existing Foxbit clients in Brazil who already hold BTC, ETH, USDT, XRP or ADA in their account, who want a Mastercard to spend that crypto in reais at everyday merchants, and who are happy using Pix to top up. For that reader, the card is simple, cheap to run, and ties neatly into an account they already use. For anyone else, the eligibility wall is the whole story.
| Criterion | Score | Why it scored that way |
|---|---|---|
| Who can get it | 2 / 10 | Brazil only, Foxbit clients only, individuals only; no other countries stated |
| Cost | 7 / 10 | No issuance, annual or monthly fee; crypto conversion 0.0%, “IOF + taxa de câmbio” 6%, ATM R$ 6.90 |
| Top-up options | 6 / 10 | BRL via Pix, then buy BTC, ETH, USDT, XRP or ADA; networks not specified |
| Reliability and complaints | 6 / 10 | Reclame Aqui 7.9/10 with 88.1% resolved; Central Bank authorisation still pending; issuer not named on the official page |
| Everyday use | 8 / 10 | Mastercard with Apple Pay and Google Pay; ATM withdrawals possible |
| Total | 5.6 / 10 |
Who the card is open to
The card is open to people who already have a Foxbit account. The official page says it is “liberado apenas para pessoas físicas”, which is Portuguese for “available only to individuals” — businesses and corporate accounts are not in scope. There is no mention of any country other than Brazil, and the card’s currency is the Brazilian real (BRL).
If you are not yet a Foxbit client, the order of operations is: open an individual account on Foxbit first, complete whatever verification Foxbit requires, then request the card. The card page itself does not describe the KYC process or name an age requirement.
Foxbit’s account has two levels, and the card’s usefulness depends on which one you sit at:
- Simplified account: R$ 5,000 monthly limit for BRL deposits and withdrawals. No crypto deposits or withdrawals are available at this level.
- Verified account: up to R$ 75,000 in monthly BRL deposits and R$ 300,000 in monthly BRL withdrawals, with crypto withdrawal limits set per customer.
If you want to actually spend crypto on the card, the simplified account’s no-crypto-transfers rule means you would need to upgrade. The official page does not list the documents or processing time for moving from simplified to verified.
There is no point applying for this card if you live outside Brazil. The page says nothing about non-Brazilian citizens living in Brazil either, so the safe reading is: Brazil-resident, individual, Foxbit account holder.
How to sign up
The signup path is the same one any new Foxbit user would follow: register at app.foxbit.com.br, complete account verification, then look for the “Solicitar meu cartão” (“Request my card”) option. Sign-up is free.
The card page does not describe the KYC steps, does not give a minimum age, and does not say how long approval takes. The fee schedule link is at /taxas-e-limites but in my check the deposit and withdrawal fee table on that page returned a “Carregando taxas…” (loading fees) state, with no actual values shown.
What is clear is that this is not a card you can apply to independently of the exchange. You are applying inside the Foxbit app, after opening an exchange account, and the card sits on top of that account. The card is a Mastercard; the official page is inconsistent on whether it behaves as a prepaid card or a credit-function card, and does not say whether the version you get is virtual, physical or both. Tap, insert and swipe are mentioned for physical use, and online use is mentioned as well.
Delivery time is not stated.
Fees and what you really pay
The headline numbers are friendly: issuance is free, the annual fee is R$ 0.00, the monthly fee is R$ 0.00, and crypto-to-BRL conversion is listed at 0.0%. On top of that, a single combined line on the fee page reads “IOF + taxa de câmbio” at 6%, with no further detail on what it applies to. IOF is the Brazilian federal tax on financial transactions, and “taxa de câmbio” means exchange rate fee; the 6% is the figure the card puts in front of you, not a sum I have added.
For ATM withdrawals, the fee is R$ 6.90 per domestic withdrawal at Cirrus or Caixa 24hrs ATMs. International ATM use, foreign-transaction fees, and FX margins are not described in the materials I read. The official page points to the fee table at /taxas-e-limites for ATM and IOF details.
There is a real cost that does not appear as a single number: cashback. Cashback is only paid on purchases made in crypto, not in reais. If you choose to pay in BRL (which the card allows), you pay no conversion fee but you also earn no cashback. Cashback is credited in the same crypto you spent, to your Foxbit wallet.
| Fee or limit | Value |
|---|---|
| Card issuance | Free |
| Annual fee | R$ 0.00 |
| Monthly fee | R$ 0.00 |
| Crypto-to-BRL conversion | 0.0% (final price may vary with liquidity) |
| “IOF + taxa de câmbio” line | 6% (scope not stated) |
| FX fee | Not stated |
| ATM withdrawal, domestic (Cirrus, Caixa 24hrs) | R$ 6.90 |
| Spending limits | Not stated on the card page |
| Card currency | BRL |
What this looks like for a few everyday payments:
- Buying lunch for R$ 35 in crypto: conversion is 0.0% on the listed rate, but the 6% IOF-plus-exchange line on the fee page is sitting in the background. Cashback depends on your monthly spend band (see below). If you instead pay in BRL from a reais balance, the conversion does not run but you also receive no cashback.
- Withdrawing R$ 200 from a Caixa 24hrs ATM: R$ 6.90 flat fee on top, regardless of amount. That is a noticeable cost on smaller withdrawals, so small ATM runs are an expensive way to use this card.
- A R$ 2,500 monthly spend in crypto: at that level you are in the middle cashback band (0.5%), meaning R$ 12.50 back in the same crypto. At a R$ 5,000 monthly spend in crypto, you are in the top band (1%), meaning R$ 50 back in the same crypto. None of this offsets the 6% line if it applies to your payment.
I want to be straight about one thing: the 6% line is the single most opaque part of this fee setup. The card’s own fee page lists it, but the official card page does not say which transactions it touches. If you are evaluating this card, that is the first number to ask Foxbit support to clarify for your specific use case.
Top up: how the balance is built
The top-up path is not a separate “add money to card” screen. It is the Foxbit exchange flow: you deposit Brazilian reais into your Foxbit account, then use that balance to buy crypto. The card spends from your Foxbit account, not from a separate card balance.
The deposit method named is Pix, Brazil’s instant payment system. There is no mention of bank transfer, debit card funding, or any non-BRL deposit method. Once the BRL is in your Foxbit account, you buy one of the five accepted cryptocurrencies — BTC, ETH, USDT, XRP or ADA — and that becomes the balance the card draws on. You can set a default crypto in the app, and you can also pay directly in BRL, in which case there is no conversion but also no cashback.
Account-level limits are tied to the two verification tiers I described in the eligibility section:
- Simplified account: R$ 5,000 per month for BRL in and out, with no crypto deposits or withdrawals at all.
- Verified account: up to R$ 75,000 in BRL deposits per month, up to R$ 300,000 in BRL withdrawals per month, and crypto withdrawal limits set per customer.
Two important gaps in the top-up story. First, the fee page for deposits and withdrawals was showing a “Carregando taxas…” state when I checked, so I cannot quote specific deposit or withdrawal fees. Second, the official page does not name the networks on which the five supported cryptocurrencies can be sent or received. If you are funding from an external wallet, you need to confirm the right network with Foxbit support before sending anything, because sending on the wrong network to a deposit address is one of the most common ways to lose crypto in this category.
The official page also does not describe how to withdraw a remaining card balance back to fiat (the menu links to a Pix deposit and withdrawal page without details), and does not say what happens to the card balance if you close the account.
Paying with it day to day
The card is a Mastercard and is compatible with Apple Pay and Google Pay. That is the practical answer to “where can I use it”: anywhere Mastercard is accepted, including tap-to-pay at the register and online checkout, plus mobile wallet payments through the two big phone wallets.
ATM withdrawals are possible at Cirrus and Caixa 24hrs ATMs in Brazil, with the R$ 6.90 fee per transaction. International ATM use is not described.
Cashback is the part that rewards the right behaviour. It is only paid on purchases paid in crypto, never on purchases paid in BRL from a reais balance. The bands, by total monthly crypto spend on the card, are:
- Up to R$ 999.99: 0% cashback.
- R$ 1,000 to R$ 2,999.99: 0.5% cashback, paid in the same crypto you spent.
- Over R$ 3,000: 1% cashback, paid in the same crypto you spent.
Cashback is credited to your Foxbit wallet, not to the card balance. The cashback rates are modest compared to tiered cards from other issuers, but for a free card with no monthly fee, they are at least real.
The Foxbit app is on iOS and Android. The Brazilian App Store listing for the Foxbit app shows 4.4 out of 5 from about 5.6 thousand ratings, with iPhone iOS 16.0 or later required and an Apple Watch companion. The Google Play rating was not read for this review.
A few things the official page does not say, which matter in everyday use: blocked merchant categories (some cards block gambling, crypto purchases, or cash-equivalent transactions), card freeze and unfreeze behaviour, spending controls in the app, and the dispute process. I treat those as gaps to confirm with support before relying on the card for any single point of failure.
What can go wrong
There are two layers of risk: the company behind the card, and the operational experience of being a customer.
On the company side, the card is issued by Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. (PSAV), the same entity that runs the Foxbit exchange, registered in Brazil under CNPJ 21.246.584/0001-50. The official page says Foxbit intends to apply for Central Bank authorisation as a PSAV, but that authorisation is not in place yet. The card-issuing bank or BIN sponsor is not named on the official page; an unofficial source (Startups.com.br and a LatamFintech article on Pomelo and Foxbit Card) names Argentine issuer Pomelo, but that has not been confirmed by Foxbit’s own card page. Crypto balances held with Foxbit are not covered by the FGC (Fundo Garantidor de Créditos), the Brazilian deposit guarantee.
On the customer-experience side, Reclame Aqui — Brazil’s main consumer-complaint platform — shows Foxbit with a 7.9 out of 10 score across 250 complaints recorded in the first half of 2026, with 88.1% of those complaints marked as resolved. The recurring themes in those complaints are: Pix and BRL withdrawals being held up, difficulty withdrawing bitcoin, and account email changes that take a long time and end with customers losing access. None of the complaints I saw were card-specific. Trustpilot, a different platform, shows Foxbit at 2.8 out of 5 from only 3 reviews, with no reviews in the last 12 months at the time of checking; specific reports include an ETH withdrawal being refused in October 2025 and an RG (Brazilian national ID card) not being accepted for KYC in February 2022.
Three things to keep in mind:
- Crypto balances are not deposits. They are not protected by FGC, and they sit on a platform whose regulator authorisation is still pending.
- Crypto transfers are irreversible. A Pix refund exists, but a crypto transfer sent to a wrong address or wrong network does not come back automatically.
- The card issuer is not named on the official page. If anything goes wrong at the network or scheme level, the customer has to chase the chain Foxbit → unnamed issuer → Mastercard, and the official page does not describe that escalation path.
The official page also reminds customers that “A Foxbit nunca pede senha ou código 2FA” (Foxbit never asks for your password or 2FA code), which is good guidance for a category where phishing is routine, but does not replace proper card-level controls like freeze, spending limits and dispute handling, none of which the card page describes.
What to take instead
If the Foxbit card does not fit — because you are outside Brazil, because you are not a Foxbit client, or because the 6% IOF-plus-exchange line makes the math not work for you — these are the three cards readers tend to compare it against. None is the same as Foxbit, and each has a different audience.
Bybit Card. Score 6.0 out of 10. The Bybit Card is available in more regions than Foxbit: Argentina, AIFC (Kazakhstan), Georgia, Kazakhstan, Australia, Mexico, Brazil, Peru, and an “Asia Pacific” label. The page explicitly excludes European Economic Area customers, and Bybit’s fiat-service restricted list includes Belarus, Russia, Serbia, China and the United States, though no card-specific statement on Russian or Belarusian citizens was found. Virtual and physical cards are both available, though not in every region (Peru is virtual-only). The card currency is USD for the AIFC, Georgia, Kazakhstan, Australia and Asia Pacific versions; ARS in Argentina; MXN in Mexico; BRL in Brazil; PEN or USD in Peru. Virtual issuance is free in every region “until further notice”; physical card issuance or replacement is paid in most regions (for example USD 29.99 in Australia, USDT 29.99 in Georgia and Kazakhstan, USD 5 or USDT 5 in Argentina). Crypto conversion is 0.9% over the One-Click Sell rate in most regions, 0.5% in Argentina. FX padding is 0% in most regions, 5% in Argentina, 1% in Brazil. Argentina adds VAT 21% on foreign digital services, 30% on foreign transactions, and provincial gross-income tax 1%–13.2%. Cashback is tiered and, since 5 October 2026, only crypto-funded transactions earn it; fiat-funded spending earns nothing. The headline tiers go up to 10% at the Infinite level, with a 25,000 USD monthly spend to unlock. The Bybit Card has no balance of its own: it draws on the Funding Account, then on Flexible Easy Earn, then sells crypto at the One-Click Sell rate plus the conversion fee.
Coinbase Card. Score 6.4 out of 10. The Coinbase Card is a Visa prepaid debit card available in all US states except Hawaii. Account opening follows standard US PATRIOT Act identity rules — name, address, date of birth and ID. There is no non-US version. The card is virtual or physical, and every purchase converts crypto to USD at the point of sale. The marketing line is “zero spending fees and no annual fees”, with all fees in the Cardholder Agreement and User Agreement. The actual conversion cost is a spread, since Coinbase applies a spread when it buys, sells or trades crypto. Optional crypto rewards on every purchase are US-only, with the rate variable and shown in the app; users pick from rotating crypto rewards. Funding is by linking a US bank account or by directing part of a paycheck into Coinbase. Coinbase is a US-regulated entity, which makes the regulatory picture clearer than Foxbit’s, but the card is geographically narrow.
OKX card. Score 6.2 out of 10. The OKX card is a Mastercard in euro, available across the EU plus Norway, launched 28 January 2026; Iceland and Liechtenstein are excluded in some sources, and one explainer concludes “entire EEA”, which is inconsistent. It is a virtual debit card linked to OKX Pay, with no physical card mentioned. It is issued via an unnamed European licensed payment provider. The OKX Europe Ltd. entity is MiCAR-licensed, which is the relevant EU framework for crypto-asset service providers. The card fee is listed as none. There is no transaction fee and no OKX FX fee. The conversion spread is 0.1% per the May 2026 explainer, against 0.4% in the launch press release, and the explainer is the newer number, so I treat 0.1% as the more current figure. Funding is USDC or USDG held in OKX Pay; other coins have to be converted first. There is no auto top-up, and the payment is declined if the balance is insufficient. Cashback is paid only on USDG purchases — USDC purchases earn nothing — with monthly caps in EUR that range from 2% capped at 10 for Regular users up to 10% capped at 1,000 for VIP4 and above (the text and the table disagree, and the page is inconsistent on the highest band).
The short version: Bybit is the broadest by region and richest in cashback tiers; Coinbase is the cleanest from a US regulatory point of view but is US-only; OKX is the cleanest on the conversion cost in Europe, but is currently limited to euros and USDC/USDG balances. None of them is a direct substitute for a Foxbit account in Brazil — they just answer the question of what a non-Foxbit customer in a different country can do instead.
Who I would actually recommend this to
I would recommend the Foxbit card to one specific reader: someone who already uses Foxbit in Brazil to hold BTC, ETH, USDT, XRP or ADA, who wants a Mastercard to spend that balance in reais at Brazilian merchants and via Pix-funded ATM withdrawals, and who is comfortable with the fact that crypto balances are not deposit-protected. For that reader, the card is free to run, ties into an account they already have, and the 0.0% conversion line keeps the everyday math simple — provided the 6% IOF-plus-exchange line does not apply to their typical transactions, which is the one number the official page does not unpack.
I would not recommend it to: anyone outside Brazil; anyone who is not already a Foxbit client; anyone who needs a clear, all-in cost number on FX and IOF before they start; anyone who plans to draw cash often (R$ 6.90 per ATM hit adds up fast); and anyone who needs the protections of a regulated card-issuing bank with a clear dispute process.
If the Foxbit card does not fit, the practical substitutes are: the Bybit Card if you want the widest regional coverage and the richest cashback ladder; the Coinbase Card if you are a US resident who wants the cleanest US regulatory framing; and the OKX card if you are in the EU or Norway and want a euro-denominated Mastercard funded by USDC or USDG.
Frequently asked questions
What is the Foxbit card?
The Foxbit card is a Mastercard issued to clients of the Brazilian crypto exchange Foxbit. It lets you spend cryptocurrency held in your Foxbit account at merchants that accept Mastercard, with the crypto converted to Brazilian reais at the point of sale.
How does the Foxbit card work?
You deposit Brazilian reais into your Foxbit account via Pix, use that balance to buy one of the five supported cryptocurrencies (BTC, ETH, USDT, XRP or ADA), and the card then spends from that crypto balance. At payment, the chosen crypto is converted to reais and the merchant is paid in reais.
Is Foxbit a bank?
No. Foxbit is a Brazilian crypto-asset services company, registered as Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. (CNPJ 21.246.584/0001-50). The page says it intends to apply for Central Bank authorisation as a PSAV, but that authorisation is not yet in place, and crypto balances are not covered by Brazil’s FGC deposit guarantee.
Who owns Foxbit?
The card page does not name the owner. The operating company is Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. The card-issuing bank or BIN sponsor is not named on the official page; an unofficial source (Startups.com.br) says the card is issued by Argentine company Pomelo, but Foxbit’s own pages do not confirm this.
Is the Foxbit card available outside Brazil?
No, not according to the official page. The card is offered only to individuals with a Foxbit account in Brazil, and the card currency is the Brazilian real. The official page does not list any other country.
How do I get the Foxbit card?
Open an individual account at app.foxbit.com.br, complete Foxbit’s verification process, and then use the “Solicitar meu cartão” option inside the app. The card page does not describe the KYC steps, the minimum age, or how long approval takes.
Does the Foxbit card require KYC?
Yes, indirectly. Foxbit’s exchange account requires identity verification before you can use it, and the card is only opened to verified Foxbit clients. The card page itself does not describe the KYC process or the documents needed.
How do I top up the Foxbit card?
Top up by depositing Brazilian reais into your Foxbit account via Pix, then buying one of the five supported cryptocurrencies with that reais balance. The card spends from that crypto balance. The official page does not list the deposit and withdrawal fees, and does not name the blockchain networks used to send or receive the supported cryptocurrencies.
How do I add the Foxbit card to Apple Wallet or Google Pay?
The card is compatible with Apple Pay and Google Pay. Adding it follows the standard flow for each wallet: open the wallet app, choose to add a card, and follow the prompts. The Foxbit app is the most likely place to find the linking option.
Is the Foxbit card safe?
The card relies on Foxbit as both the exchange and the card programme, and Foxbit’s Central Bank authorisation is still pending. Crypto balances held on the platform are not protected by FGC. The official page reminds customers that Foxbit never asks for passwords or 2FA codes. Card-level controls (freeze, spending limits, dispute process) and blocked merchant categories are not described on the official page, and the card-issuing bank is not named there.
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