Foxbit card: a Brazilian crypto card that scores 5.6 out of 10

Updated October 2026

Licensed

Available in US

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18+ Only

The Foxbit card is a Mastercard that lets you spend crypto from your Foxbit exchange account in Brazilian reais. It is free to issue and to keep, it works with Apple Pay and Google Pay, and the cashback comes back to you in the same crypto you spent. That is the short version. The longer version is that it is only available to existing Foxbit clients in Brazil, the fee page is thin on detail, and the company behind it has not yet obtained a Central Bank authorisation for its payment arm. I spent time going through Foxbit’s public pages, the fee table, the App Store listing and user reports to put this review together. This is what I found and how I would weigh it.

Conditions are current as of October 28, 2026.

Verdict

The Foxbit card scores 5.6 out of 10 in my reckoning. That score is broken down below. It is not a low score because the card is broken: issuance, the annual fee and the monthly fee are all R$ 0.00, crypto transactions carry a 0% conversion fee on the card, and the everyday experience (Apple Pay, Google Pay, an ATM fee of R$ 6.90) is straightforward. It is a middling score because the card is only available to existing Foxbit clients who are Brazilian individuals, the fee page leaves important questions unanswered, and the company running it has yet to obtain the Central Bank authorisation that would put it on a firmer footing.

Who it suits: a Brazilian who already has a Foxbit account, wants to spend BTC, ETH, USDT, XRP or ADA through a Mastercard, and is comfortable trusting an exchange that is still working towards full Central Bank authorisation. Who it does not suit: anyone outside Brazil, anyone who is not already a Foxbit client, anyone who needs a card programme that names its issuer, and anyone who needs a published, line-by-line fee table.

Who will they give you the card

Foxbit is clear on one point: the card is “liberado apenas para pessoas físicas”, which is to say for individuals only. It is not offered to companies. On top of that, you have to be a Foxbit client already, which means you have an account on the Brazilian exchange. The card is not a standalone product; it is a payment card attached to that exchange account. No other country is named on the official pages, and no path to non-Brazilian residents is described. If you are reading this from outside Brazil, that is the first thing to register: this card is not aimed at you.

The reader in general, anywhere in the world, will find that eligibility rules like these are typical of exchange-linked cards. Most crypto cards in this category are issued under a single national programme, and the customer pool is the exchange’s home market. The Foxbit card follows that pattern closely. There is no “global” tier, no international onboarding form, and no fallback for non-Brazilian citizens. If Foxbit ever opens a wider rollout, the official pages will say so; the page I read does not.

The card itself is a Mastercard. The currency is BRL. Foxbit’s page is inconsistent on whether the card is a prepaid or a credit card; it uses both terms in different places. I treat it as a prepaid card, because the only way to fund it is to load a BRL balance from your Foxbit account, which is then converted from crypto at the moment of payment. I will come back to that in the section on paying with it every day.

How to get it

The signup path is short. You go to app.foxbit.com.br, sign up for an exchange account, complete whatever KYC Foxbit requires (the public page does not describe the steps), and then click “Solicitar meu cartão” to ask for the card. From there, Foxbit issues a Mastercard, but whether you receive a virtual card, a physical card, or both is not specified on the page I read. The card is described in terms of how it is used (tap, insert, swipe, online) rather than what arrives in the post or in the app. I would treat the form factor as “the first usable version is what Foxbit sends you, and you find out then” — not ideal, but typical of cards where the exchange is the customer-facing brand and the issuer is in the background.

Age is not stated. KYC process detail is not stated either. What Foxbit does say is that there are two account tiers, and these matter for the card just as much as for the exchange:

• Simplified account. R$ 5,000 monthly limit for BRL deposits and withdrawals, and no crypto deposits or withdrawals at all. If you only want to deposit reais, buy a bit of crypto on Foxbit, and spend it, this is the tier you will sit on by default.
• Verified account. Up to R$ 75,000 in monthly deposits and R$ 300,000 in monthly BRL withdrawals; crypto withdrawal limits are personalised. The page does not list the documents needed to upgrade or the time it takes, which is one of the questions you should put to support before you commit.

The relevant point for the card is the simplified-account cap. At R$ 5,000 per month, the card is fine for everyday spending in Brazil; it is not a card for moving larger sums, even before any card-level limits are layered on top (and the card-level limits are themselves not stated). Delivery time is also not stated on the page I read, so I cannot tell you whether the card arrives in days or weeks.

Fees: what it really costs

This is the section the headline points to, because the fee page is where the Foxbit card most needs a careful reader. The headline numbers are friendly: no issuance fee, no annual fee, no monthly fee. On top of that, the “crypto transactions” line is shown as 0.0% on the fee page, with the caveat that the final price may vary with liquidity. The fee table sits at /taxas-e-limites, and the page I read did not list the full schedule (it showed “Carregando taxas…” in places). What I could verify is summarised below.

Three things in that table deserve a closer look, because they are the ones a careful reader should not let pass.

**1. “IOF + taxa de câmbio” of 6%. IOF is the Brazilian tax on financial operations; “taxa de câmbio” is the FX rate. Foxbit groups them into a single 6% line, and the page does not say whether this is charged on every transaction, only on foreign-currency transactions, or only on certain card flows. I would treat 6% as a working assumption on cross-border or non-BRL spending, and ask Foxbit support what triggers it. If you are spending in BRL inside Brazil, the 6% line may not apply; the page simply does not say.

2. The 0% crypto transaction fee, with a caveat. “Final price may vary with liquidity” is the kind of phrase that looks small and matters. On a thin order book, the realised rate from BRL to crypto (or crypto back to BRL) can be worse than the headline mid-price. The card spends in BRL, so the rate that matters is the one Foxbit applies when it converts your crypto at the moment of payment. The 0% is a fee, not a guarantee of a good rate.

3. The ATM fee. R$ 6.90 per domestic withdrawal at Cirrus or Caixa 24hrs is straightforward. What is not stated is whether international ATM withdrawals are possible at all, and what they would cost. I would not assume the card works at an ATM outside Brazil; the page I read does not address it.

Three everyday payments, then, to make this concrete:

• Buying lunch in BRL with crypto. You tap to pay at a café in São Paulo. The Mastercard route applies, Apple Pay or the physical card handles the authorisation, Foxbit converts the BTC or USDT in your account to BRL at its rate, and the merchant receives reais. The 0% crypto transaction line applies. Cashback at your tier is credited in the same crypto back to your Foxbit wallet (see the daily-use section). The 6% IOF + taxa de câmbio line is, on the page I read, not explained well enough to know if it bites here; in a domestic BRL-on-BRL flow, I would not expect it to, but I cannot promise that from the public materials.
• Booking a hotel in USD online. A foreign-currency online payment is exactly the case where the 6% line could apply, where the FX fee that is “not stated” on the page might sit, and where the conversion rate matters most. I would ask support what a USD payment costs in practice before relying on the card abroad. The cashback tier applies only to crypto-funded purchases; the question of whether a USD hotel booking counts as a crypto-funded purchase is also not answered on the public page.
• Withdrawing BRL from a Caixa 24hrs ATM. R$ 6.90 per withdrawal is the published fee. Beyond that, the daily and monthly ATM limits are not stated. If you need cash often, this is one to clarify with support.

If you want to compare apples to apples, the costs above are the only ones the public page commits to. Anything else is “not stated”, and a careful reader should not fill that silence with optimism.

Top up: how to fund the card

The card has no balance of its own. It draws on your Foxbit exchange account, and the funding path is the same one you would use to deposit on the exchange. You deposit Brazilian reais via Pix, then buy one of the supported cryptos — BTC, ETH, USDT, XRP or ADA — inside the Foxbit app. The card spends that balance. The default crypto is the one you set in the app, and if you would rather pay in BRL without going through crypto, that is possible too, but you give up the cashback in the process.

This is a “pre-loaded balance” model: you load first, you spend second, the card cannot overdraw. The same pattern is common in this category of cards. The upside is that you know exactly how much you can spend; the downside is that the rate you get when Foxbit converts your crypto at the moment of payment is the rate you get, and there is no “I’ll just leave fiat in there” option if the crypto market is moving fast.

What the public page does not say is the network. Foxbit accepts BTC, ETH, USDT, XRP and ADA, but it does not say which blockchain network you should send USDT on, or whether ETH means mainnet or a layer-2. For a USDC user, that is the moment to pause: USDC is not on the supported list at all, and sending a token to a deposit address on the wrong network is one of the classic ways to lose money in this category. Stablecoin deposits carry their own risks — networks like Tron and Ethereum use different fee models, and Circle stopped supporting USDC on Tron in February 2024 — so the rule of thumb is the same one you would apply anywhere: send a small test first, confirm it lands, and only then send the rest.

The Pix deposit is the on-ramp, and Pix is fast and free for the sender. The card is then funded in crypto. The off-ramp, in the sense of getting money back out of the card balance, is not described on the public page. The page links to a Pix deposit/withdrawal menu without details, and I would treat “how do I get my money out of the card back to my bank account” as a question for support, not the website, before you commit.

Paying with it every day

In day-to-day use, the card behaves like a prepaid Mastercard: tap, insert, swipe, pay online. It works with Apple Pay and Google Pay, which means the card number can be tokenised on a phone. Behind the scenes, Foxbit converts your crypto to BRL at the moment of authorisation. The merchant sees a BRL transaction; you see, in the app, a deduction of the right amount of crypto at the rate Foxbit applied.

The cashback bands are paid in the same crypto you spent, credited back to your Foxbit wallet. The bands are:

• Up to R$ 999.99 in monthly crypto-funded spend: 0% cashback.
• R$ 1,000 to R$ 2,999.99: 0.5% cashback.
• Over R$ 3,000: 1% cashback.

This is a spend-to-earn scheme rather than a flat rate. The first R$ 1,000 a month earns you nothing back, and the 1% top band only kicks in above R$ 3,000. If you are a moderate spender, the headline “cashback card” framing is more aspirational than mechanical.

The blocked merchant categories are not stated. In this category of cards, gambling, certain adult services and, in some cases, crypto purchases themselves are often blocked. The Foxbit page does not list its blocks. I would not assume a category is open without checking.

The app is on iOS and Android. The iOS App Store Brazil listing for the Foxbit app, read 2026-10-20, shows a 4.4 out of 5 rating from about 5.6 thousand ratings, with iPhone iOS 16.0+ and an Apple Watch companion listed. I did not read the Google Play rating for this review. A 4.4 is a healthy rating for a Brazilian finance app, and it is worth noting separately from the user reports on the company (which I come to in the next section), because the app is the front door most people will use.

Dispute and chargeback handling is not stated. If a transaction goes wrong, the public page does not tell you how to open a dispute, what evidence to provide, or how long it takes. That is a real gap. Prepaid-card coverage under US-style consumer protection rules is uneven at the best of times, and Brazilian consumer protection has its own framework. I would not rely on the card for high-value disputes without first asking Foxbit how its dispute process works.

What can go wrong

Three things, in increasing order of how much they can hurt you.

1. The user reports are not catastrophic, but they are not clean either. Foxbit’s Reclame Aqui score, read for January to June 2026, is 7.9 out of 10, with 250 complaints and 88.1% of them resolved. The themes that come up are held Pix and BRL withdrawals, difficulty withdrawing bitcoin, account email-change delays and lost access. None of the complaints I saw were card-specific, but the patterns (slow withdrawals, account access friction) are the kinds of things that would hurt anyone trying to use a card tied to the same account. On Trustpilot, read 2026-10-20, the picture is thinner: 2.8/5 from only 3 reviews, none in the last 12 months, with single incidents including an ETH withdrawal refusal (October 2025) and an ID document not being accepted for KYC (February 2022). A small sample is a small sample; it is what it is.

2. The company is still in a regulatory transition. Foxbit runs as Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. (PSAV), CNPJ 21.246.584/0001-50, a Brazilian virtual asset service provider. The card page says Foxbit will file for Central Bank authorisation as a PSAV, and that the issuer is not named on the official page. Unofficial reporting from Startups.com.br and a LatamFintech piece attributes the card to Argentine issuer Pomelo, but Foxbit itself does not name the issuer on the public materials I read. For the cardholder, that matters: if something goes wrong with the card programme, you need to know who is on the other end. The honest answer is that the public page does not give you that name.

3. Crypto balances are not covered by the FGC. Foxbit says this itself. The FGC is the Fundo Garantidor de Créditos, Brazil’s deposit guarantee. It does not cover crypto balances. If the platform fails, the loss is yours, and the same is true of any custodian — Mt. Gox, Coincheck, Ronin Network, FTX, all of which are part of the long public history of custodial crypto platforms that did not make it. With the Foxbit card, you are also trusting the unnamed issuer not to wind the programme down, and the network (Mastercard) not to suspend it. Card programmes do get suspended: WaveCrest was suspended by Visa in Europe in 2018, FTX lost its global Visa agreements in November 2022. The Foxbit card is on Mastercard today, and the day Mastercard is unhappy with the programme, the card stops working.

Two smaller risks worth flagging. First, the “A Foxbit nunca pede senha ou código 2FA” line is a useful reminder that legitimate support will not ask for your credentials, but the card-level safeguards (freeze, spending controls, token restrictions) are not described on the page. Second, every crypto-funded card payment is, for tax purposes in most jurisdictions, a disposal of crypto for fiat. The IRS treats digital assets as property, gains are measured in local fiat at fair market value on the transaction date, and short-term holdings (one year or less) produce short-term gains. If you are spending BTC you bought last month on a coffee, that is a taxable event in the US. The Brazilian tax treatment is the Brazilian tax treatment, and I am not going to tell you what that is — your accountant will.

What to take instead

The Foxbit card is one option in a small but growing set of crypto cards aimed at Latin American users. If Foxbit does not fit — because you are outside Brazil, because you want a named issuer, because the fee page is too thin, because you want richer rewards — three alternatives come up repeatedly. I will go through each in turn, with the same honest “what is and is not stated” treatment.

Young Card (5.7 / 10). Young Card is positioned around its YNG token cashback. The cashback is paid in YNG, and the rate depends on your Club tier: Essential 0.1%, Gold 1.8%, Platinum 3.6%. Bronze and Silver rates are not stated on the public materials I read. Who can get the card, what the card form factor is, what it costs, and how it is funded are all not stated in the places I could verify. The reward structure is more interesting than Foxbit’s on paper (a top-band 3.6% beats Foxbit’s 1%, even after token price risk), but the public surface is thinner, and I would not score the card higher than the published facts allow.

MSX (6.4 / 10). MSX sits a step above Foxbit in my scoring because its public profile is closer to a proper card programme, even though the things you would want to read first — eligibility, card form factor, cost, fees, funding — are not stated on the public pages I could verify. The 6.4 reflects that the programme exists and is operating; it does not reflect fees or rewards, because I could not verify them. If you are considering MSX, the right move is the same one as for Foxbit: ask the issuer, in writing, what the card costs and what it earns.

Bybit Card (6.0 / 10). Bybit is the most-documented of the three, and the contrast with Foxbit is useful. Bybit publishes region lists (Argentina, AIFC/Kazakhstan, Georgia, Kazakhstan, Australia, Mexico, Brazil, Peru, Asia Pacific), card types (Argentina Mastercard prepaid, AIFC/Georgia/Kazakhstan/Australia/Mexico Mastercard credit, Brazil/Peru Visa prepaid, Asia Pacific Visa credit), issuance fees (free in most regions, AUD/USD/USDT 29.99 in some, USD 5 in others), crypto conversion fees (0.9% in most regions, 0.5% in Argentina, Peru not supported), FX fees (0% to 7% by region, with 2% padding refunded in some cases), and a multi-tier cashback scheme (Base 2% up to Infinite 10%, with monthly caps and spend thresholds). A few details to flag: the card has no balance of its own, drawing instead on the Funding Account and the Flexible Easy Earn balance, fiat first; default priority is USDT > USDC > GRAM > BTC > ETH > XRP, reorderable in the Card Dashboard. From 2026-10-05 10:00 UTC, only crypto-funded transactions earn points or cashback. Bybit also publishes a welcome offer (10% up to 110 USDT in the first 30 days) and a referral bonus (20 USDT / 10 USDT). The catch: Bybit does not serve European Economic Area customers, and its fiat-service restricted list (deposits, withdrawals, One-Click Buy) includes Belarus, the Russian Federation, Serbia, China and the United States. The card is not the same product as the fiat service, and Bybit does not publish a card-specific statement on Russian or Belarusian citizens.

By way of comparison, then: Foxbit is narrower geographically (Brazil only), more limited in cryptos (five, no USDC), thinner in published fees, and lower in cashback (max 1%) than Bybit’s mid-tier (4%) or top tier (10%). Young Card offers higher headline cashback in token but with thinner public documentation. MSX is closer to a proper programme in profile but does not publish the details I would want to read. None of them are obvious “Foxbit but better” — they are different trade-offs, and the right one depends on which country you are in, which crypto you hold, and how much reward-rate risk you are willing to take in tokens rather than stablecoins.

Who I would recommend it to

Putting it all together, the Foxbit card is a reasonable answer for a narrow reader. If you are a Brazilian individual who already has a Foxbit account, who wants to spend BTC, ETH, USDT, XRP or ADA from that account at a Mastercard terminal, who is happy with up to 1% cashback paid in the same crypto, and who understands that you are trusting an exchange that is still working towards its Central Bank PSAV authorisation, then the card is genuinely free to issue, free to keep, and convenient through Apple Pay and Google Pay. The R$ 6.90 ATM fee is moderate, and the simplified-account limit (R$ 5,000 a month) is enough for normal spending if you are not moving large sums.

If any of those conditions do not hold — if you are not in Brazil, if you are not already a Foxbit client, if you want a card programme that names its issuer, if you need a published line-by-line fee table, if you want higher cashback, or if you want USDC rather than USDT — then the Foxbit card is not the right answer, and the alternatives section is where to look. A good rule of thumb before you commit: ask the issuer (in writing) what an international transaction costs, what an ATM withdrawal abroad costs, what a card dispute looks like, and how to get your balance back to your bank account. The fact that those answers are not on the public page is the single biggest reason the score is not higher.

Frequently asked questions

What is the Foxbit card?

The Foxbit card is a Mastercard that lets you spend crypto from your Foxbit exchange account in Brazilian reais. You deposit BRL via Pix, buy crypto on Foxbit, and the card converts and pays at the moment of authorisation. It is issued only to existing Foxbit clients in Brazil and is free to issue, free to keep, and free of an annual fee.

How does the Foxbit card work?

You load your Foxbit account with BRL through Pix, buy BTC, ETH, USDT, XRP or ADA, and the card draws on that balance. At the till, Foxbit converts the crypto to BRL at its rate and pays the merchant. Cashback is credited back to your Foxbit wallet in the same crypto, and you can add the card to Apple Pay or Google Pay.

Is Foxbit a bank?

No. Foxbit runs as Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. (CNPJ 21.246.584/0001-50), a Brazilian virtual asset service provider. The card page says the company will file for Central Bank authorisation as a PSAV, and crypto balances are not covered by the FGC deposit guarantee.

Who owns Foxbit?

Foxbit is a Brazilian company, Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. Ownership of the parent is not detailed on the card page I read. The card issuer is not named on the official page; unofficial reporting attributes the card to Argentine issuer Pomelo, but Foxbit does not confirm this publicly.

Is the Foxbit card available in my country?

On the public page I read, the card is offered only to individual clients of Foxbit in Brazil. No other country is named. If you are not a Brazilian Foxbit client, the card is not aimed at you, and you would need to look at an alternative.

How do I get a Foxbit card?

Sign up at app.foxbit.com.br, complete the KYC Foxbit requires, and click “Solicitar meu cartão” to ask for the card. The public page does not describe the form factor (virtual or physical) or the delivery time, and age is not stated.

Does the Foxbit card require KYC?

Yes, because the card is attached to a Foxbit exchange account, and the exchange has KYC. The page does not describe the documents or the steps, and you have two account tiers: simplified (R$ 5,000 monthly limit, no crypto transfers) and verified (up to R$ 75,000 deposits, R$ 300,000 BRL withdrawals monthly).

How do I top up the Foxbit card?

You top up the Foxbit account, not the card directly. Send BRL via Pix, then buy BTC, ETH, USDT, XRP or ADA inside the Foxbit app. The card then draws on that crypto balance. Networks are not specified on the page, and you should send a small test first if you are sending crypto from an external wallet.

Where can I use the Foxbit card?

Anywhere Mastercard is accepted, plus Apple Pay and Google Pay. Domestic ATM withdrawals work at Cirrus and Caixa 24hrs for R$ 6.90. International acceptance, blocked merchant categories and dispute handling are not described on the public page.

Is the Foxbit card safe?

The card itself uses standard Mastercard rails, and the Foxbit page reminds users that the company never asks for passwords or 2FA codes. The deeper risk is the same as with any custodial platform: the card is tied to a Foxbit account whose balances are not covered by the FGC, and the card issuer is not named on the public page. Treat it as a prepaid card backed by a custodian you have to trust, not a bank account.

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