Foxbit card review: a prepaid Mastercard for Brazilian crypto holders

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

The Foxbit card is a Mastercard that lets you spend your cryptocurrency balance at any establishment that accepts the network in Brazil, converted into Brazilian reais (BRL) at the moment of payment. It is offered by Foxbit, one of the longest-running Brazilian cryptocurrency exchanges, and it is aimed exclusively at individual customers who already hold an account on the platform. This review walks through who can actually get one, what the day-to-day fees look like in reais, how Pix top-ups and crypto purchases fit together, and how it compares to three of the closest alternatives on the market.

The conditions described below are current as of October 28, 2026.

Verdict: the score out of 10

Foxbit card earns 5.6 out of 10 in this review. The card does a few things well: there is no issuance fee, no annual fee, and no monthly maintenance fee, and the conversion fee on crypto transactions is listed at 0.0%. It runs on Mastercard, works with Apple Pay and Google Pay, and cashback is paid in the same crypto you spent. For Brazilian clients who already keep funds on Foxbit, that combination is convenient.

The reasons the score is not higher are practical. The card is only available to existing Foxbit individual clients in Brazil, with no mention of other countries. The KYC process is not described, and the Central Bank authorisation for Foxbit as a PSAV is still described as planned rather than granted. Customer-feedback signals are mixed, and the card’s own fee page lists a 6% line described only as “IOF + taxa de câmbio” without explaining exactly what it applies to. The card’s everyday cost story is therefore harder to read than it should be.

In short, the Foxbit card is a sensible option if you are already a Foxbit client in Brazil, hold crypto on the platform, and want to spend it through a Mastercard in reais without paying an issuance or monthly fee. It is not a strong fit for anyone outside Brazil, anyone who wants a self-custody card, or anyone who needs the fee schedule to be self-explanatory on a single page.

Score breakdown

Who Foxbit will give the card to

Foxbit describes the card as “liberado apenas para pessoas físicas”, which is Portuguese for “released only for individuals”. The card is therefore not available to companies or to joint accounts, only to personal customers.

The second condition is the more important one in practice. You have to be a Foxbit client first. The sign-up flow described on the platform starts at app.foxbit.com.br and the request itself is a button called “Solicitar meu cartão” (request my card). The card is not marketed to non-customers, and the review found no public page inviting people who do not already have a Foxbit account to apply.

The card’s home country is Brazil. Foxbit is a Brazilian exchange (Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., CNPJ 21.246.584/0001-50), the card currency is BRL, and no other country is named as supported on the official pages this review could see. A non-Brazilian reader should not expect to be able to request this card, and a Brazilian reader should expect to be asked for the usual KYC documents that the exchange already collects for its trading account.

There is no published minimum age on the card page. Most Brazilian financial products set 18 as the minimum, but the card page does not state it, and that is something a younger reader should confirm directly before applying.

Two account levels exist on the Foxbit platform itself, and they affect how much value you can move on and off the exchange even before the card is involved. The simplified account has a R$ 5,000 monthly BRL limit for deposits and withdrawals, and it does not allow crypto deposits or withdrawals at all. The verified account lifts the ceiling substantially: up to R$ 75,000 in monthly BRL deposits and up to R$ 300,000 in monthly BRL withdrawals, with crypto withdrawal limits set per customer. The documents and processing times that distinguish the two levels are not described on the card page.

How to get the card

The application path is short and runs entirely inside the Foxbit product. A new user signs up at app.foxbit.com.br, completes the exchange’s KYC, and then uses the “Solicitar meu cartão” button to request the card. The card itself is a Mastercard, denominated in BRL, and the platform’s own description of it is inconsistent: at points the language reads like a prepaid card, at other points like a credit card. The page this review worked from did not specify whether the card is virtual, physical, or both, or what it supports in terms of tap, insert and swipe — though it does mention online use. That ambiguity is worth flagging because it affects what you receive in the post (or in your wallet).

Delivery times for the physical card are not stated on the card page. A reader who is counting on having the card before a specific trip or payment should not assume a particular window.

For the KYC step itself, the card page does not describe the process. Foxbit as an exchange runs its own KYC under Brazilian anti-money-laundering rules, and the card is gated behind that existing KYC. Once an account is fully verified, the card request is the visible part. Anyone whose account is still at the simplified level will be operating inside the R$ 5,000 monthly cap until they upgrade.

What the Foxbit card really costs

The cost story has two halves. On the headline fees the card is generous; on the everyday use of crypto, the platform points to a separate page without spelling out the numbers.

The headline figures from the card page itself are clear: issuance is free, the annual fee is R$ 0.00 and the monthly fee is R$ 0.00. Crypto-to-BRL conversion fees do apply, but their values are not on the card page; the page points to a fee and limits table at /taxas-e-limites. That table is the canonical reference, and at the time of review the deposit and withdrawal fee part of it was loading with the text “Carregando taxas…” (loading fees…) — so the actual values for a few cost lines were not visible. The card page itself does not state a foreign-exchange fee.

A few specific cost lines were available. Crypto transactions are listed at 0.0% on the platform, with the caveat that the final price may vary with liquidity. The same line carries a 6% “IOF + taxa de câmbio” charge, which the platform does not explain further on the card page: it does not say whether the 6% applies to crypto sales, to foreign-currency spending, to ATM withdrawals, or to all of the above. IOF is Brazil’s tax on financial transactions and câmbio is foreign exchange, and combining the two on one line makes it harder to read the true cost of any single payment. A domestic ATM withdrawal at a Cirrus or Caixa 24 horas machine costs R$ 6.90.

The cashback bands are simple: 0% on monthly crypto spending up to R$ 999.99, 0.5% from R$ 1,000 to R$ 2,999.99, and 1% above R$ 3,000. Cashback is paid in the same cryptocurrency that funded the purchase, credited to the Foxbit wallet. Cashback is not paid on purchases made directly in BRL, which means that depositing reais through Pix and then spending those reais without converting to crypto will not earn anything back.

The card page does not list any spending or transaction limits beyond the cashback bands, and it does not describe blocked merchant categories. No paid tiers are available: there is a single card, and the only way to move between fee bands is to spend more crypto in a calendar month.

Costs at a glance

Three everyday payments, walked through

To make the cost story concrete, here is how three common situations are likely to settle, based on the lines above. The exact totals will depend on the current exchange rate, the value of the Brazilian real against the dollar at the time, and any future updates to the platform’s fee page.

Buying lunch in reais at a Brazilian restaurant with crypto as the source. You hold, say, R$ 200 worth of USDT in your Foxbit wallet. At payment, the platform sells the USDT, converts the proceeds to BRL, and pays the restaurant in BRL. The crypto transaction line is 0.0%, and a 6% “IOF + taxa de câmbio” charge appears on the same line of the fee table. Whether the 6% applies to this kind of BRL-on-BRL payment is not stated, and the platform’s fee page was not fully available at the time of review. You should treat the 6% as a possibility rather than a certainty for a domestic payment until you have seen the current fee table.

Withdrawing reais from a Caixa 24 horas ATM. The fixed ATM fee is R$ 6.90, and the IOF and FX line is the same one. If you are withdrawing BRL from a BRL ATM, the FX element of that 6% should not apply, but IOF on ATM cash withdrawals typically does. The page does not break the 6% down, so the total cost of a R$ 500 cash withdrawal cannot be stated with certainty from the public information alone.

Spending crypto online at a foreign merchant that settles in dollars. The card is denominated in BRL, so a payment to a US merchant involves a BRL-to-USD conversion. The platform will charge the crypto transaction fee, and the foreign-exchange fee (which the card page does not state as a separate line) will apply on top. This is the case where the absence of a stated FX fee hurts the reader the most, because the rate of that conversion is what determines whether the lunch-equivalent you just bought in another currency cost you 1% extra or 6% extra.

The honest summary is this: the headline fees are friendly, the cashback is simple, and the 6% IOF plus exchange-rate line is the part to verify on the live /taxas-e-limites page before relying on the card for any specific payment.

How to top up the Foxbit card

The Foxbit card is a prepaid-style card that draws on a balance held on the exchange, and the top-up path runs through Pix, Brazil’s instant-payment system, in Brazilian reais. You cannot load the card directly with a stablecoin from an external wallet, and you cannot load it with a bank transfer from outside Pix, as far as the card’s pages show.

The flow has two steps. First, you deposit BRL into your Foxbit account using Pix. Second, you use the deposited BRL to buy one of the cryptocurrencies the platform accepts for card spending. The card-eligible cryptocurrencies named on the platform are BTC, ETH, USDT, XRP and ADA. The app sets a default crypto, which you can change, and the card spends from that crypto balance by converting it to BRL at the point of payment.

It is also possible to pay in BRL directly from the deposited balance, but doing so means you do not earn cashback. For a reader who is happy to spend reais without a reward, the simpler “deposit Pix, spend BRL” path is available; for a reader who wants the 0.5% or 1% cashback, the path requires a crypto holding in the wallet at the moment of payment.

A few practical points the card page does not spell out:

• The blockchain networks on which the platform accepts incoming crypto transfers are not named on the card page. Sending USDT to a Foxbit deposit address on the wrong network is the most common way to lose funds in this category of product, so this is the single most important thing to confirm in the app before any first transfer. Blockchain transfers are irreversible, and the network provider cannot typically recover funds sent to an incompatible address.
• The card balance does not have its own separate withdrawal mechanism described on the card page. The platform’s withdrawal page is built around Pix deposits and withdrawals to and from the exchange account, not the card, and the card-balance withdrawal process is not stated.
• Account closure is not described on the card page either. A reader who decides to leave the platform will need to ask support how the card balance is returned, in what currency, and on what timeline.

The account-level deposit and withdrawal limits that govern how much value can flow through the top-up step are the two-tier structure described earlier: R$ 5,000 per month for a simplified account (no crypto deposits or withdrawals allowed), and up to R$ 75,000 per month in BRL deposits and R$ 300,000 per month in BRL withdrawals for a verified account, with crypto withdrawal limits set individually.

Paying with the card every day

Once the card is in hand or in the wallet, the everyday experience is built on Mastercard’s network. The card works at any merchant that accepts Mastercard, online and in physical stores. The card page mentions online use explicitly and is less specific about the in-store mechanics (tap, insert, swipe) because it does not state whether the card is virtual, physical, or both.

The card supports Apple Pay and Google Pay. Mobile-wallet tokenisation replaces the card number with a device-specific number stored in the phone’s secure element, and each payment uses a one-time dynamic code, so paying by phone is at least as secure as paying with the physical card, and often more convenient. The card issuer can restrict a tokenised number, for example to block magnetic-stripe use or online use, but Foxbit does not describe any such restrictions on the card page.

The app is available on iOS and Android. On the Brazilian App Store, the Foxbit app held a 4.4 out of 5 rating from about 5.6 thousand ratings at the time of review, with iPhone iOS 16.0 or later listed as a requirement and an Apple Watch companion app available. The Google Play rating was not read for this review.

Cashback, as described earlier, is paid only on purchases made in crypto, and only in three bands: 0% up to R$ 999.99 of monthly crypto spending, 0.5% from R$ 1,000 to R$ 2,999.99, and 1% above R$ 3,000. The cashback is in the same crypto and is credited to the Foxbit wallet. There is no cashback on BRL-direct spending, and there are no other reward categories (no travel bonus, no grocery bonus, no streaming bonus).

A few everyday-use questions the card page does not answer:

• The blocked merchant categories, if any, are not stated. Some issuers block gambling merchants, adult-content merchants, or cryptocurrency purchases; Foxbit does not publish that list for the card.
• The dispute process for an incorrect or fraudulent charge is not stated. Prepaid cards tend to have a narrower set of chargeback rights than credit cards, and the cardholder should not assume the same protections as a Visa or Mastercard credit card.
• Whether a temporary hold is placed on a balance at a fuel station, hotel or car-rental counter is not stated. Authorisation holds can keep a portion of the balance unavailable for several days, and a prepaid cardholder can feel that as a real, immediate reduction in spendable balance.

What can go wrong with the Foxbit card

The card has a number of moving parts, and a few of them carry real-world risk. They fall into three groups: regulatory, operational and customer-feedback.

Regulatory. Foxbit describes itself as Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. (a PSAV, a virtual-asset service provider in Brazilian regulation), with CNPJ 21.246.584/0001-50, and says it will file for Central Bank authorisation. At the time of review, the card page does not state that the authorisation has been granted; it is presented as planned. The card’s issuing bank or BIN sponsor is not named on the official page. Unofficial industry reporting (from a Startups.com.br article and a LatamFintech piece) names Argentine issuer Pomelo as the card’s programme partner, but that is not stated on Foxbit’s own card page and should be treated as unofficial until the card page or Foxbit confirms it directly. Crypto balances on the platform are not covered by Brazil’s FGC (Fundo Garantidor de Créditos), the deposit guarantee that backs bank deposits up to a limit.

Operational. The card page does not describe a card-freeze feature, spending controls, or biometric or app-based 2FA on the card itself. Foxbit does state that “A Foxbit nunca pede senha ou código 2FA” (Foxbit never asks for your password or 2FA code), which is a useful phishing warning but not a security feature list. The cardholder who loses the phone, the card or the 2FA device has only the help center and the contact page at /contato to fall back on. As a general rule in this category, card funds held in crypto on a custodial platform are only as available as the platform itself is, and a custody failure can leave card balances stranded along with the trading account.

Customer feedback. Foxbit’s profile on Reclame Aqui, a major Brazilian consumer-complaints platform, sat at 7.9 out of 10 at the time of review, with 250 complaints registered between January and June 2026 and 88.1% of them marked as resolved. The recurring themes in those complaints, as described in the public record, are held Pix and BRL withdrawals, difficulty withdrawing bitcoin, slow email changes on accounts, and lost access. No card-specific complaints were surfaced for this review. On Trustpilot, Foxbit’s profile held 2.8 out of 5 from only three reviews, none in the last twelve months; a Trustpilot reviewer in October 2025 reported an ETH withdrawal being refused, and a February 2022 reviewer reported an ID (RG) not being accepted for KYC. Reclame Aqui is the more meaningful signal here because the volume is higher.

A few general risks worth keeping in mind, drawn from how crypto cards as a category tend to behave, are worth raising in the same breath:

• The card balance moves with the price of the crypto you hold. A payment made when the network is down, or when liquidity is thin, may settle at a worse rate than the screen suggested.
• A payment that fails can leave an authorisation hold on the balance for up to several days, which can feel like a missing R$ amount until it clears.
• Pix and on-chain transfers are typically one-way, and once the funds leave the exchange there is no automatic way to recall them.

What to take instead

Three cards from the wider crypto-card market cover a lot of the same ground as the Foxbit card, and the trade-offs between them are worth understanding. None of them is a perfect substitute: the Foxbit card’s “for Brazilian Foxbit clients only” positioning is also the reason it works for that audience in the first place.

Bybit Card. Bybit runs a multi-region card programme that supports more countries than Foxbit, including Argentina, AIFC (Kazakhstan), Georgia, Australia, Mexico, Brazil, Peru and the broader Asia Pacific region. The card currency depends on the country of the user’s verified identity: USD for AIFC, Georgia, Kazakhstan, Australia and Asia Pacific; ARS in Argentina; MXN in Mexico; BRL in Brazil; PEN or USD in Peru. The card’s virtual issuance is free in all regions, physical issuance is paid (29.99 USD in Australia, 5 USD in Argentina, 29.99 USDT in Georgia and Kazakhstan, 5 USDT in Asia Pacific, free in Brazil and Mexico). The FX line in Brazil is 1.5% and in Argentina 7%, with Argentine taxes on top, and a Pay Later instalment bonus of an extra 1% cashback is available. Bybit’s rewards are tier-based: Base at 2.00% with a 5 USD cap, Beta at 2% with a 50 USD cap, Alpha at 4% with a 150 USD cap, Apex at 6% with a 250 USD cap, Omega at 8% with a 400 USD cap, and Infinite at 10% with a 600 USD cap, with each tier having a minimum monthly spend to unlock for non-VIP users. For a Brazilian reader who is open to using a non-Foxbit card, the Bybit Card’s Brazilian offering is the closest peer in this list, with a similar Mastercard/Visa footprint and a richer rewards structure, but at the cost of a more complex fee profile.

Coinbase Card. Coinbase’s card is a Visa prepaid debit card, available in all US states except Hawaii, and is funded either by linking a bank account, by depositing part of a paycheck into Coinbase with zero fees, or by spending the crypto balance already on the platform. All crypto is converted to US dollars for purchases and ATM withdrawals. Coinbase states there are no Coinbase transaction fees and no annual fees, with a spread applying when Coinbase buys, sells or trades crypto at the moment of payment. Rewards are optional, vary in rate, and the user picks from a rotating set of crypto rewards. For a US-based reader, the Coinbase Card is the obvious comparison to Foxbit: same broad shape (free to issue, convert-at-payment, optional crypto rewards), but US-only, and operating under a different regulatory and tax regime.

OKX. OKX launched a euro-denominated Mastercard virtual debit card in the EU plus Norway on 28 January 2026 (Iceland and Liechtenstein are excluded, with the explainer text inconsistent on whether the entire EEA is in scope). The card is linked to OKX Pay, and is funded with USDC or USDG held in OKX Pay, with other coins required to be converted first. There is no auto top-up: a payment is declined if the balance is insufficient. There is no transaction fee, no OKX FX fee, and the conversion spread is listed as 0.1% in the May 2026 explainer, with a 0.4% market spread mentioned in the launch press release (the explainer is the more recent figure). Cashback is on USDG purchases only (USDC earns none), at tiered rates from 2% to 10% depending on VIP level, with monthly caps ranging from 10 EUR for Regular users to 1,000 EUR for VIP4+. OKX is the most relevant comparison for a European reader who wants a similar convert-at-payment card, and it illustrates how a different regulatory regime (MiCAR-licensed issuer) changes the access story.

A reader who is a Foxbit client in Brazil and only needs to spend crypto in reais is probably best served by the Foxbit card itself, because the alternatives either do not cover the use case (Coinbase is US-only, OKX is euro-focused) or add layers of complexity (Bybit’s Brazilian offering is the closest peer but introduces additional FX, conversion and tax lines that the Foxbit card does not show in the same way). A reader outside Brazil, or a reader who wants a self-custody card, will need to look elsewhere, and the cards above are the natural starting points.

Who I would recommend the Foxbit card to

The Foxbit card is a sensible fit for a specific kind of reader. If you are an individual customer in Brazil who already trades on Foxbit, holds BTC, ETH, USDT, XRP or ADA on the platform, and wants to spend that balance in reais through a Mastercard without paying an issuance, annual or monthly fee, this card does the job. It works with Apple Pay and Google Pay, which covers most modern in-store and online use, and the 0.0% crypto transaction line and simple cashback bands are easy to understand at a glance.

It is not a good fit for several other readers. If you are not yet a Foxbit customer, the card does not change that: the sign-up is the Foxbit sign-up, with its own KYC and its own account-level deposit caps. If you live outside Brazil, the card is not advertised as available to you, and the card currency is BRL, so spending it in another country adds a layer of FX conversion that the page does not fully describe. If you want a self-custody card, this is not it: the card is custodial, the crypto balance is held by Foxbit, and the platform’s regulatory status is presented as “applying for” rather than “holding” a Central Bank authorisation as a PSAV. If you are sensitive to the difference between a credit card’s chargeback rights and a prepaid card’s narrower set, the card page’s silence on disputes is a real gap, and prepaid coverage in this category varies.

Two practical checks before signing up are worth doing. First, open the /taxas-e-limites fee page on a desktop browser and read the IOF plus exchange-rate line in full, so you know exactly what the 6% covers; the page is the canonical source. Second, decide which crypto you want to spend from and confirm in the app that the platform’s default setting is the coin you want, and that the network on which you would deposit that coin to the exchange is one the platform supports — because sending the right coin on the wrong network is the easiest way to lose funds irreversibly.

The honest summary: this is a card for a Brazilian Foxbit client who wants a free Mastercard in reais, not a card for a global reader or a self-custody advocate. Used in that narrow context, it earns its place; used outside it, the constraints will start to bite.

Frequently asked questions

What is the Foxbit card?

The Foxbit card is a Mastercard issued through the Brazilian cryptocurrency exchange Foxbit. It lets you spend your BTC, ETH, USDT, XRP or ADA balance on the platform in Brazilian reais at any merchant that accepts Mastercard, with the conversion happening at the point of payment. The card is available to individual customers of the exchange only.

How does the Foxbit card work?

You deposit Brazilian reais into your Foxbit account through Pix, buy one of the supported cryptocurrencies, and the card spends from that balance. At payment, the chosen crypto is converted to BRL and the merchant is paid in BRL. The card can also spend BRL directly from the deposited balance, but cashback is only paid on purchases made in crypto.

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), and the card page states it is applying for Central Bank authorisation as a virtual-asset service provider. The card’s issuing bank is not named on Foxbit’s official page; an unofficial industry report names Argentine issuer Pomelo, but that has not been confirmed on Foxbit’s site. Crypto balances are not covered by Brazil’s deposit guarantee.

Who owns Foxbit?

Foxbit is a privately held Brazilian company. The full ownership structure is not described in the public material reviewed here, and the card page does not list owners. The exchange has been operating in Brazil for several years under the corporate name above.

Is the Foxbit card available outside Brazil?

The card is described as available only to individual Foxbit clients, and the platform itself is Brazilian. No other country is named as supported on the card page this review worked from, and the card currency is BRL, which would make spending in another country an FX event the page does not fully describe.

How do I apply for the Foxbit card?

You sign up at app.foxbit.com.br, complete the exchange’s KYC, and then use the “Solicitar meu cartão” button to request the card. The platform does not describe the delivery time, and the page does not state whether the card issued is virtual, physical or both.

Does the Foxbit card require KYC?

Yes, because the card is gated behind a Foxbit exchange account. The exchange runs its own KYC under Brazilian rules, and the card request sits on top of an already-verified account. The card page itself does not describe the KYC process or its timing.

How do I top up the Foxbit card?

You deposit BRL into your Foxbit account through Pix, then use the BRL to buy one of the supported cryptocurrencies in the app. The default crypto can be changed, and you can also spend BRL directly without buying crypto, though that path does not earn cashback. The card page does not name the blockchain networks on which the platform accepts crypto deposits, and that is something to confirm in the app before any first transfer.

How do I add the Foxbit card to Apple Wallet?

The card supports Apple Pay and Google Pay, so the standard add-card flow in the Wallet app should work, with the card details typically entered by scanning or by signing into the Foxbit app. The platform does not publish a step-by-step guide for the card on the page reviewed here, so the in-app help center is the right place to look for the current procedure.

Is the Foxbit card worth it?

For a Brazilian Foxbit client who already holds crypto on the platform and wants to spend it in reais through a free Mastercard, the card is worth it. For a reader outside Brazil, a self-custody user, or a reader who needs an explicit, single-page fee schedule, the constraints and the gaps in the fee page will make it harder to justify, and one of the alternatives in the comparison section is likely a better fit.

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