Foxbit Review
Simple, beginner-friendly Brazilian exchange since 2014
4.0/5
Overall Rating
0.25%
Starting Fee
20+
Cryptocurrencies
Free
PIX Deposit
What is Foxbit?
Foxbit is a Brazilian cryptocurrency exchange founded in 2014 in Sao Paulo. It was one of the first platforms to make buying Bitcoin accessible to everyday Brazilians. The exchange is known for its clean, minimalist interface that makes crypto trading approachable for complete beginners.
While Foxbit does not offer the enormous selection of coins that Binance does, it focuses on simplicity and reliability. The platform supports around 20 popular cryptocurrencies including Bitcoin, Ethereum, and other major altcoins. All interfaces, documentation, and customer support are in Portuguese.
Foxbit also offers Foxbit Pay, a payment gateway that allows businesses in Brazil to accept cryptocurrency payments, further embedding itself into the Brazilian crypto ecosystem.
Foxbit Fees
| Fee Type | Amount |
|---|---|
| PIX Deposit | Free |
| TED Deposit | Free |
| Spot Trading | 0.25% - 0.5% |
| BTC Withdrawal | Network fee |
| BRL Withdrawal (PIX) | R$3.90 |
Pros and Cons
Pros
- Extremely beginner-friendly interface
- Fast PIX processing (seconds)
- 100% Brazilian company
- Full Portuguese support
- Foxbit Pay for businesses
Cons
- Only ~20 cryptocurrencies available
- No advanced trading (margin, futures)
- Higher fees than Binance
- Smaller user base than Mercado Bitcoin
Our Verdict
Foxbit is the ideal exchange for Brazilians who are brand new to cryptocurrency. Its clean, distraction-free interface and Portuguese-only experience make buying your first Bitcoin as painless as possible. If you want the simplest possible path to owning Bitcoin, Foxbit delivers.
However, as you grow more experienced and want lower fees or access to more cryptocurrencies, you will likely outgrow Foxbit and want to move to Binance or Mercado Bitcoin.