The Foxbit card is free to hold and simple to use, but it is a Brazilian product for Brazilian exchange clients, and several things you would want to know are not on the page

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

The Foxbit card is a Mastercard that spends your crypto balance as Brazilian reais, handed out by the Brazilian crypto exchange Foxbit to its own clients. It costs nothing to hold: no issuance fee, no annual fee, no monthly fee. It works with Apple Pay and Google Pay, and you can take Brazilian reais out of a Cirrus or Caixa 24-hour ATM for R$ 6.90 a withdrawal.

That is the good news, and it is genuinely good news if you live in Brazil and already hold a Foxbit account. Here is the thing to weigh before you get excited: this is not an ordinary bank card that anyone anywhere can apply for. The card page says it is released only to individuals who are already Foxbit clients. If you are reading this from Lisbon, Nairobi, Dubai or Bangkok, there is no application to make. If you are a business, a company account or a sole trader with a registered company, the page says individuals only, and that door is closed too.

I gave it 5.6 out of 10. That is not a condemnation. It is a card with a low price, a good everyday payment experience and a narrow, specific purpose — and a review should tell you plainly which of those two things matters more for you.

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

The score, criterion by criterion

The two numbers that drag the total down are eligibility and reliability. The one that lifts it is cost. The one that surprises me most is everyday use, because this is a card you can genuinely leave in your wallet and forget about.

Will they give you the card?

Only if you are already a Foxbit client, and only as an individual. That is the whole answer, and it is short enough that you can check it in ten seconds before reading on.

The card page says it is “liberado apenas para pessoas físicas” — released only to natural persons. So a company, a partnership, a sole trader registered as a company, any business account: no. Individuals who hold a Foxbit account: yes, subject to the rest of the checks below.

Beyond that, Foxbit runs two account levels, and which one you are on shapes how much money you can move. A simplified account has a monthly limit of R$ 5,000 in BRL and no crypto transfers at all. A verified account allows up to R$ 75,000 in monthly deposits and R$ 300,000 in monthly BRL withdrawals, with crypto withdrawal limits set individually for you. What documents move you from one level to the other, and how long it takes, the public pages do not say. If you are planning to run serious volume, that gap matters — you would be planning around a number you cannot yet confirm applies to you.

One more eligibility question people ask constantly: does this require KYC? The card page does not describe the identity process, and the minimum age is not stated either. As a general rule in this category, prepaid and debit cards are typically available to adults from 18, and some issuers set higher limits — but that is the general rule for crypto cards, not a Foxbit term. For the specific requirement here, you would be guessing.

So: Brazilian resident, individual, Foxbit client, and willing to identify yourself to the exchange. If all four are true, you are in the intended audience.

How to get it

The route the card’s own pages describe is short: sign up for free at app.foxbit.com.br, then request the card in the app with “Solicitar meu cartão”. That is the process as published. There is no branch to visit and no form to post.

What the process does not say is worth as much as what it says:

• The KYC steps are not described — no list of documents, no screenshots of the check, no stated time from application to decision.
• Your age requirement is not stated.
• Whether you get a virtual card, a plastic card, or both is not specified. The page mentions tap, insert, swipe and online use, which implies all four work somewhere, but it does not tell you which piece of plastic arrives in the post.
• Delivery is not stated. No shipping window, no country restriction beyond Brazil, no tracking note.
• The page is inconsistent about what the card fundamentally is. In one place it reads as a prepaid card, in another as a credit function. That is not a small copy error on a site like this — it changes what happens when you are broke at the checkout, and whether anyone extends you anything.

The last point is the one I would press on in a support chat. Ask them to confirm in writing which one it is.

Fees and what a payment really costs: the cost side

Here is where this card looks best and where I would still hesitate. The headline numbers are genuinely zero, and they are not a trick: the card is free to hold. But “free to hold” and “cheap to spend with” are two different claims, and only the first one is unambiguous on the page.

Two of those rows should make you pause.

The 6% line is the biggest. “IOF + taxa de câmbio” is Brazilian foreign-exchange taxation and levy, and the card’s fee page shows it as 6%. The card page does not say what it is charged on — not on crypto purchases, not on the conversion, not on foreign-currency purchases, not on a category of transaction. IOF is typically levied on cross-currency and foreign-currency operations, and a 6% combined rate is steep enough that whether it applies to your ordinary payments or only to something else is the difference between a bargain and the most expensive card you own. Until you can read that line with its base, treat it as potentially applicable to every transaction.

The conversion fee is the second. Crypto spending is converted to BRL, and a fee applies on that conversion — but the values sit on a separate fees-and-limits page, not on the card page. That page was showing “Carregando taxas…” (loading fees) for deposits and withdrawals when I looked, so no numbers were visible there either. This is not a small detail. If you spend your balance monthly, the conversion rate is the single largest number in your cost, and the card page declines to state it.

Now three everyday payments, and which fees actually touch them.

A R$ 40 coffee paid in crypto. The card converts crypto to BRL and you pay in reais. The conversion fee applies. The 0.0% crypto transaction line means no separate charge on the crypto side, though the page warns the final price may vary with liquidity. Whether the 6% line touches this is exactly what the page does not say. On a small payment like this, the conversion fee matters proportionally more than it does on a large one, because the same spread is divided across less.

A R$ 900 supermarket shop paid in crypto, with cashback. The same conversion applies. This spend crosses into the 0.5% cashback band (R$1,000–2,999.99 is the band above it, so R$ 900 sits in the 0% band — worth checking, because the first band ends at R$999.99). No ATM fee, no relevance of the R$ 6.90. In reais this is a clean, cheap payment.

R$ 300 taken out of an ATM in Brazil. R$ 6.90 for the withdrawal, at a Cirrus or Caixa 24-hour machine. Whether further ATM fees apply depends on the fee table the card page points to. No FX fee here, because you are not crossing a border and the card currency is BRL.

The pattern to notice: the fees you will hit every single time are the ones the card page does not quote. The zeros are real and worth having. The unknowns are the ones that determine whether you keep the card.

How to top it up

Top-up is a two-step route, and both steps are on Brazilian rails.

Step one: deposit Brazilian reais through Pix into your Foxbit account. Step two: buy crypto with those reais. The card then spends from that balance. The accepted coins are BTC, ETH, USDT, XRP and ADA, and you can choose which one the card defaults to inside the app.

There is a detail in there that will decide whether you find this card useful or mildly disappointing: you can also pay in BRL directly — that is, spend the reais rather than the crypto — but doing so earns no cashback. Cashback exists only on purchases paid in crypto. So the card is not really a “spend your reais” card. It is a “convert crypto and spend it” card, with a conventional debit option attached that rewards nothing.

On limits, the two account levels again decide your ceiling. A simplified account tops up to R$ 5,000 monthly and cannot move crypto at all — which for this card is a strange combination, since the card’s whole purpose is spending crypto. A verified account handles up to R$ 75,000 monthly in deposits and R$ 300,000 in monthly BRL withdrawals, with crypto withdrawal limits set per person. Deposit and withdrawal fees are not stated; that page was still loading when I checked.

Withdrawing from the card balance back to reais: the menu links to a Pix deposit and withdrawal page without describing it, and closure of the card or the account is not described either. So “how do I get my money out, and what happens when I close this” has no published answer. Both are questions for support, and I would ask them before I loaded anything significant.

One warning that applies broadly but bites hardest here. Blockchain transfers are irreversible. If you send on a network the provider does not support, or to an address belonging to a different network, the funds can be lost or need manual recovery with no guarantee. This card’s page does not name the networks for its top-ups. Anything you send in from elsewhere, verify the network with support first.

Paying with it every day

This is the card’s strongest area, and the score of 8 out of 10 reflects a card that behaves normally.

• Network: Mastercard. Tap, insert, swipe and online payments are all mentioned as working.
• Phone wallets: Apple Pay and Google Pay both supported. If you pay mostly by phone, this is the practical part that matters most.
• Cash: R$ 6.90 at domestic Cirrus and Caixa 24-hour ATMs.
• Cashback: only on purchases paid in crypto, credited in the same crypto to your Foxbit wallet. Up to R$999.99 of monthly crypto spend earns 0%; R$1,000–2,999.99 earns 0.5%; over R$3,000 earns 1%.
• Currency: BRL. Crypto spending converts to BRL; paying in BRL directly works but earns no cashback.
• App: iOS and Android. The App Store listing in Brazil showed 4.4 out of 5 from about 5.6 thousand ratings when I read it. The Google Play rating I did not read, so I am not going to invent one for you.

Read the cashback bands closely, because they are stingy at the bottom in a way that surprises people. Under a thousand reais of monthly crypto spending — a genuinely ordinary month for one person — you get nothing at all. The first reward starts above R$ 1,000, and even then it is 0.5%. The 1% rate needs more than R$ 3,000 a month. If your plan was to earn meaningfully from everyday spending, this is not that card. If your plan was to spend crypto without thinking about it, it is exactly that card.

Two things the page does not tell you: which merchant categories are blocked, and what happens if a payment is disputed. Neither is unusual to omit; both are worth asking about if you plan to use the card anywhere sensitive.

Where a card like this can quietly fail you, in the category generally: some shops decline prepaid or foreign-issued cards, because the merchant can look up the issuer and country from the card number and apply extra scrutiny when it differs from your billing address. Address verification is mainly offered in the US, Canada and the UK and is generally unavailable for foreign-issued cards, which can cause declines. And a declined payment can leave a hold on your funds for several days, typically up to seven. None of this is specific to Foxbit; it is the shape of the product.

What can go wrong

Read this section before you load money, not after.

The regulatory position is unfinished. Foxbit operates as Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., CNPJ 21.246.584/0001-50, in Brazil. The card page says it will file for Central Bank authorisation as a PSAV. Filing is not authorisation. The card issuer and BIN sponsor are not named on the official page — one unofficial source names Argentine Pomelo, but that is a third-party claim and the card’s own page does not confirm it. So the entity that stands behind your Mastercard is, on the official record, unnamed.

Your crypto is not covered by a deposit guarantee. The page states crypto balances are not covered by FGC, Brazil’s deposit guarantee scheme. This is normal for crypto, and it means there is no bank-style backstop if the platform fails. In this category that is not hypothetical bookkeeping: Mt. Gox (about US$350 million reported stolen, 2011–2014), Coincheck (about US$400 million, 2018) and Ronin Network (US$625 million, 2022) all involved custodial platform failures. Holding crypto with an exchange means carrying counterparty and hack risk.

Card programmes do get closed. Visa terminated its global agreements with FTX on 13 November 2022 and the FTX US debit card was wound down by its issuer. WaveCrest, a Visa issuer that supplied crypto card brands, was suspended by Visa in Europe in 2018, closing all its Visa programmes. Closures follow a pattern: a notice period, then loading and spending stop, then you’re asked to withdraw what remains. That is the tail risk that sits under every card in this category, and it is worth weighing against the R$ 0.00 you are not paying.

The complaint record is mediocre but honest. Reclame Aqui shows 7.9 out of 10, 250 complaints between January and June 2026, and 88.1% resolved. That is a real number from a real Brazilian consumer platform, and a high resolution rate is a point in the company’s favour. The themes are worth reading: held Pix and BRL withdrawals, difficulty withdrawing bitcoin, delays on account email changes, and lost account access. Those are withdrawal and access complaints — the two categories that hurt most. No card-specific complaints were found, and no official incidents. On Trustpilot I read 2.8 out of 5, but on only 3 reviews and none in the last 12 months, including one report of an ETH withdrawal refused in October 2025 and one of an RG not accepted for KYC in February 2022. A three-review score is not evidence of anything; I would weight it accordingly.

Some safeguards are described, others are not. The page says “A Foxbit nunca pede senha ou código 2FA” — Foxbit never asks for your password or a 2FA code. That is a warning worth taking seriously, because it describes a real and common scam. But card freeze and spending controls are not described, and given that “lost access” is a complaint theme, ask about both before you rely on the card for anything you would miss.

On identity checks, there is no route around them. Foxbit is a regulated-business-facing exchange; KYC is a legal obligation, not a formality, and the same is true of the card. There is no way to obtain this card without identifying yourself, and I would distrust any source offering otherwise.

What to take instead

If you are in Brazil with a Foxbit account, the honest alternatives are thin, and that tells you something about how specific this product is. If you are anywhere else, the answer is simply that this card is not available to you and you should look at a card issued where you live. Here is how the closest comparisons score, with their gaps marked honestly.

The comparison tells you two things.

First, Foxbit and Bybit are not really competitors, because they do different jobs in different places. Bybit’s card runs across Argentina, AIFC (Kazakhstan), Georgia, Kazakhstan, Australia, Mexico, Brazil, Peru and Asia Pacific, with the currency following your country of Advanced Identity Verification and validity from 3 to 6 years by region. Its virtual card is free in all regions, and physical issuance ranges from none in Brazil and Mexico through 5 USD or USDT to 29.99 USD or USDT. Its crypto conversion fee is 0.9% on top of the One-Click Sell rate for Australia, Asia Pacific, Georgia, Kazakhstan, Brazil and Mexico, 0.5% for Argentina; FX fee 2% on top of the network rate in several regions, 1.5% in Brazil, 1% in Peru, 7% in Argentina. Its rewards structure is far more elaborate: from 2026-10-05 only crypto-funded transactions earn points or cashback, with tiers from Base at 2.00% up to Infinite at 10%. If you are Brazilian and want the same card from a larger exchange, Bybit publishes more of the numbers than Foxbit does.

Second, Young and MSX are harder to judge than Foxbit, which is an odd thing to write in a review that gave Foxbit the lower adjacent score. Their public pages simply do not state who qualifies, what the card is, or what it costs. Foxbit at least tells you its eligibility rule, its currency, its network and its ATM price. A card that publishes less is not a safer choice; it is a less informed one.

What none of these alternatives change: crypto cards draw on a custodial balance, transfers are irreversible, card programmes have been shut down before, and the crypto itself is not covered by a bank deposit guarantee. Whichever you pick, that part is the same.

Who I would recommend it to

I would recommend the Foxbit card to a Brazilian individual who already keeps a balance on Foxbit, pays most things by phone, and wants to spend crypto in reais without thinking about it at lunch. For that person it is a genuinely good card: free to hold, ordinary to use, and it removes the mental arithmetic of checking a crypto price every time a coffee comes up.

I would not recommend it to you if any of these are true. You are outside Brazil — you simply cannot have it. You are a business — the card is individuals only. You want to be paid into it from a bank, or you need a card that is not tied to an exchange’s solvency — this is not that. You want cashback worth having — the first band of monthly crypto spend below R$999.99 pays nothing, and the top rate is 1%. You want to know exactly what you are paying per transaction — the conversion fee is not on the card page and the 6% “IOF + taxa de.change” line is not explained. Or you are the kind of person who wants the name of the bank behind the card printed on the front — that name is not on the official page.

And one practical thing I would do before loading money: open a support ticket and ask three questions in writing. Which entity is the card issuer and BIN sponsor. Whether the card is prepaid or credit function. What the 6% “IOF + taxa de câmbio” line applies to, and what the crypto-to-BRL conversion fee is today. Three written answers will tell you more about whether to keep this card than any review, including this one.

Frequently asked questions

What is the Foxbit card?

It is a Mastercard issued through the Brazilian crypto exchange Foxbit, spending your Foxbit balance as Brazilian reais. You hold crypto on the exchange, the card converts what you spend into BRL, and the payment goes through the normal Mastercard network. It is free to hold, works with Apple Pay and Google Pay, and costs R$ 6.90 for a domestic ATM withdrawal. It is released only to individual Foxbit clients in Brazil, so it is not a general-purpose bank card.

How does the Foxbit card work?

You deposit Brazilian reais through Pix into your Foxbit account, buy crypto from BTC, ETH, USDT, XRP or ADA, and set which coin the card defaults to. When you pay, the crypto is converted to BRL and the merchant is charged in reais. You can also pay in BRL directly from your balance, but that earns no cashback. Card currency is BRL throughout.

Is Foxbit a bank?

No. Foxbit operates as Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., CNPJ 21.246.584/0001-50, a Brazilian virtual-asset service provider. It says it will file for Central Bank authorisation as a PSAV, but filing is not authorisation, and the card issuer is not named on the official page. Crypto balances are not covered by FGC, Brazil’s deposit guarantee scheme.

Who can get the Foxbit card?

Only existing Foxbit clients, and only individuals — the page says it is “liberado apenas para pessoas físicas”. Business accounts and companies are excluded, and no country other than Brazil is named. Your Foxbit account level also matters: a simplified account has a R$ 5,000 monthly limit and no crypto transfers, while a verified account goes up to R$ 75,000 monthly in deposits and R$ 300,000 in monthly BRL withdrawals.

Does the Foxbit card require KYC?

The card page does not describe the identity process, so the specific Foxbit requirement is not published. As a regulated exchange, Foxbit verifies customers as part of anti-money-laundering law, and the minimum age is not stated on the card page. Crypto cards generally go to adults from 18, sometimes with higher limits. There is no legitimate way to obtain this card without identifying yourself to the exchange.

How much does the Foxbit card cost to hold?

Nothing. Issuance is free, the annual fee is R$ 0.00 and the monthly fee is R$ 0.00. There are no paid tiers — one card only. Spending is where costs appear: crypto transactions are listed at 0.0%, though the final price may vary with liquidity, and domestic ATM withdrawals cost R$ 6.90 at Cirrus and Caixa 24-hour machines.

What fees should I expect when paying with it?

Two figures matter and neither is fully explained on the card page. A crypto-to-BRL conversion fee applies, but its value sits on a separate fees-and-limits page rather than the card page. A line reading “IOF + taxa de câmbio” shows 6% on that fee page, with no statement of what it applies to. The FX fee is not stated. Because the conversion fee and the 6% line are the costs you would meet on every payment, ask support what each applies to before you rely on the card.

Is the Foxbit card safe?

It carries the standard risks of a custodial crypto card and two specific ones. Your crypto sits with the exchange, not with you, so a platform failure means loss with no recovery; crypto balances are not covered by FGC. The card issuer is not named on the official page, and the exchange says it will seek Central Bank authorisation rather than holding it. Complaints on Reclame Aqui run at 7.9 out of 10 with 88.1% resolved, mostly about held withdrawals and lost access.

How do I add the Foxbit card to Apple Wallet?

Both Apple Pay and Google Pay are supported, so you add the card through your wallet app rather than by any special Foxbit route — sign in to the wallet, choose to add a card, and follow the prompts. The card page does not describe the step-by-step, and it does not say whether you receive a virtual card, a plastic card, or both, or whether a plastic card has to arrive before the wallet version appears. If that distinction matters to you, confirm it in the app or with support first.

Can I use the Foxbit card outside Brazil?

The card currency is BRL and the pricing the card publishes is Brazilian: Pix deposits, BRL limits, domestic ATM fees. Nothing on the card page addresses international use, and no FX fee is stated, which is not the same as there being none. Treat cross-border use as unconfirmed rather than supported. In the wider category, merchants can also apply extra scrutiny to a foreign-issued card number, and address verification is generally unavailable for foreign-issued cards, which causes declines at some checkouts.

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