Foxbit
Foxbit
Data verified on unchanged since the sources
Worth it if you're in Brazil and want a Banco Central-compliant exchange with free PIX deposits and over 100 cryptocurrencies.
Avoid it if you operate outside Brazil (not available in Italy) or you want competitive fees: the flat 0.5% maker/taker offers no distinctive edge.
Foxbit is a Brazilian exchange compliant with Banco Central rules, listing over 100 cryptocurrencies with free PIX deposits. It operates only in Brazil, however, and remains a second choice behind rival Mercado Bitcoin in a highly competitive market.
Data & conditions
| Maker / Taker fee | 0.5% / 0.5% |
|---|---|
| Markets | Spot |
| Max leverage | 1× |
| Supported assets | 20+ |
| Trading pairs | 87+ |
| 24h volume | $2.59M |
| Fiat on-ramp | Yes |
| Deposit methods | Pix, TED, Carta di credito, Contanti (deposito in espécie) |
| Geo restrictions | US |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | LATAM · 1+ countries |
| Regulator | Banco Central do Brasil |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | BCB Brasile Banco Central Brasil |
Strengths
- PIX free; 100+ crypto; Banco Central compliant.
- No notable sovereignty advantage documented.
Weaknesses
- Only Brazil; second choice vs Mercado Bitcoin.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Banco Central Brasil): reporting to authorities and freezes on order.
- Geographic restrictions (US).
Verdict
Compliance with Banco Central rules, free PIX deposits and over 100 cryptocurrencies make Foxbit a regulated, low-friction option for Brazilian users, hence the B score. It is held back by its narrow scope — Brazil only — and its second-choice standing behind Mercado Bitcoin in a highly competitive market, with flat 0.5% fees that offer no distinctive edge.
Foxbit is a custodial exchange with full KYC and centrally held funds, tied to Banco Central oversight: none of that comes close to crypto-native autonomy. The PIX integration, convenient for consumers, is in fact a rail into the traditional banking system. With no self-custody or privacy, the verdict through this lens stays weak.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used Foxbit, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
History not verifiedWe have not yet completed the incident search for this service: no entries here does not mean no events.
Public reviews
-
Google Play ↗
3.9/5
12,867 reviews
'Foxbit Exchange' app (br.com.foxbit.foxbitandroid); ratingValue 3.864 and ratingCount 12,867 from the Brazilian storefront structured data (US locale shows 3.27: BR figure used, consistent with the App Store storefront).
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App Store ↗
4.4/5
5,550 reviews
'Foxbit Exchange' app (id 1435319194), Brazil App Store storefront (BR). Exact average 4.376 and count from itunes lookup.
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Trustpilot ↗
2.8/5
3 reviews
sample too small for the average
Tiny sample (only 3 reviews), not statistically meaningful and below the 10-review threshold. Re-verified by the orchestrator via browser.
Weighted average across 2 public review platforms (18,417 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
What are Foxbit's fees?
On Foxbit, spot fees are maker 0.5% / taker 0.5%. They drop with monthly volume and VIP tier.
Is Foxbit regulated in Europe?
Regulatory status of Foxbit: Banco Central Brasil. Licence: BCB Brasile (BR).
Does Foxbit publish Proof of Reserves?
Proof of Reserves publication is not documented for Foxbit. No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.
Can I send transfers to third-party IBANs from Foxbit?
No, Foxbit is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.
Does Foxbit support derivatives and futures?
Foxbit does not offer derivatives: it focuses on spot trading.
Sources
- Official service page Maker/taker fees · Regulatory framework · Derivatives · OAM Italy registry · +2 Data verified on Jun 15, 2026
- casadosdados.com.br Legal name · Company type · Stock ticker · Stock listing · +1 Data verified on Jun 15, 2026
- coindesk.com Latest funding round · Investors Data verified on Jun 15, 2026
- coingecko.com 24h volume · Volume data Data verified on Jun 15, 2026
Show 4 more sources
- tradersunion.com Geographic availability · Past incidents · Max leverage · Geo restrictions Data verified on Jun 15, 2026
- fintech.global Founders Data verified on Jun 13, 2026
- ie.trustpilot.com Trustpilot reviews Data verified on Jun 13, 2026
- mifengcha.com Trading pairs Data verified on Jun 13, 2026