Free to hold, crypto-funded, Brazil-only: what the Foxbit card really costs and who should bother
Available in USThe Foxbit card is a Mastercard that spends crypto held in a Foxbit account, priced in Brazilian reais, with no issuance fee and no monthly or annual fee. That headline number is real. Almost everything else about who can hold it, what it costs to use it, and what happens when something goes wrong is not stated on the card’s own pages — and that silence is the story of this review.
I scored it 5.6 out of 10. Not because it is badly built, but because it is a narrow product inside a narrow eligibility rule, with a fee structure that a reader has to go hunting for, and a company whose Central Bank authorisation is still described as a plan.
The card suits one person well: an existing individual Foxbit client in Brazil who already holds crypto, already has a verified account, and wants to convert small amounts to reais for everyday spending without paying a monthly card fee. It suits nobody else, and the reasons sit in the table below.
Conditions are current as of October 28, 2026.
Verdict: 5.6 out of 10
| Criterion | Mark | Why |
|---|---|---|
| Who can get it | 2 / 10 | Available only to individual clients of the Brazilian exchange Foxbit; no other country is named |
| Cost | 7 / 10 | Issuance, annual and monthly fee R$ 0.00; crypto operations 0.0%; “IOF + taxa de câmbio” 6% (what it applies to is not disclosed); ATM R$ 6.90 |
| Top-up options | 6 / 10 | BRL deposited through Pix, then BTC, ETH, USDT, XRP or ADA bought; networks not named |
| Reliability and complaints | 6 / 10 | Foxbit PSAV Ltda., CNPJ 21.246.584/0001-50, Central Bank authorisation still planned, issuer not named; Reclame Aqui 7.9 out of 10, 250 complaints January–June 2026, 88.1% resolved; unofficial: issuer Pomelo |
| Everyday use | 8 / 10 | Mastercard, Apple Pay and Google Pay, ATM R$ 6.90; virtual versus physical not clarified |
| Total | 5.6 / 10 | A competent card inside a very narrow box |
The audience note is worth saying plainly: this is a card for Foxbit clients in Brazil spending crypto in reais. If you are outside Brazil, or you have an account but never touch the exchange, the rest of this page is background reading rather than a decision you can act on.
Will they give you the card
Only to people who already have a Foxbit account, and only to individuals. The card page says it is released “liberado apenas para pessoas físicas” — released only for natural persons. Businesses are excluded outright, and no other country is named anywhere on the pages I read.
That single line does most of the work in this review. A crypto card is normally a way for someone without easy access to ordinary banking to pay for things. If you live anywhere except Brazil, this one is not an option, and no amount of reading the fees will change that.
Two account levels matter here, because the limits attach to them. A simplified account carries a R$ 5,000 monthly limit in BRL and cannot receive or send crypto. A verified account allows up to R$ 75,000 monthly in deposits and R$ 300,000 monthly in BRL withdrawals, with crypto withdrawal limits set individually. Documents and processing times for either level are not stated on the page.
If you are a business, or a resident of somewhere with a working banking system, stop reading. What follows assumes you are an individual in Brazil with a Foxbit account.
How to get it
The route is short, and the shortness is itself a fact: the KYC process is not described. Sign-up at app.foxbit.com.br is free, then you tap “Solicitar meu cartão”. The minimum age is not stated.
The card is a Mastercard, denominated in BRL. Whether you receive a virtual card, a physical card, or both is not specified — the page mentions tapping, inserting, swiping and online use, and describes the product inconsistently between prepaid and credit-function language in different places. That inconsistency is worth noting: a prepaid card draws on a stored balance, a credit card line lets you borrow. Which one Foxbit is running changes what happens when your balance runs out mid-week.
Delivery timing is not stated. Neither is activation: nothing on the page describes how the card becomes usable after it arrives.
So the honest summary of the sign-up path is: account, tap one button, wait an unstated time for an unspecified kind of card. Everything you would want to check in advance — age requirement, identity documents, delivery, virtual versus plastic — is not published.
Fees: what it really costs
The zero-fee headline covers the cost of owning the card and nothing about the cost of using it. Here is what the pages actually give, including the lines where they give nothing.
| Fee or limit | Value |
|---|---|
| Issuance | Free |
| Annual fee | R$ 0.00 |
| Monthly fee | R$ 0.00 |
| Crypto transactions | 0.0% (final price may vary with liquidity) |
| Crypto-to-BRL conversion | Applies; values not on the page (table at /taxas-e-limites) |
| “IOF + taxa de câmbio” | 6% (what it applies to is not stated) |
| FX fee | Not stated |
| ATM, domestic | R$ 6.90 (Cirrus, Caixa 24hrs) |
| Cash tiers | Single card, no paid tiers |
| Spending or transaction limits | None stated on the page beyond cashback bands |
Two of these rows are the ones to read twice. The 6% line is labelled “IOF + taxa de câmbio” — a Brazilian tax on foreign-currency transactions plus an exchange fee — but the page does not say what it is charged on. It could be every conversion, it could be only foreign-currency purchases, and the difference between those readings is the difference between an affordable card and an expensive one. The conversion fee itself is not published on the card page at all; the page points to a fee table at /taxas-e-limites instead, and if you are reading this before signing up, go and read that table, because it is where the actual number lives.
No spending or transaction limit is stated beyond the cashback bands. That is unusual, and not necessarily generous — an unstated limit is an unknown, not an absence.
Three everyday payments
A coffee in São Paulo, paid by tapping. Cashback of 0% applies below R$ 1,000 of monthly crypto-funded spend, so nothing back. What you pay depends on the conversion, whose rate is not published on the card page, plus whatever the 6% line turns out to cover.
An online subscription paid in BRL rather than crypto. The card is denominated in BRL and you can pay in BRL directly, but paying in BRL earns no cashback. So the choice is between paying from your crypto balance at a published-nowhere conversion rate for zero back, or paying from reais for nothing back either way.
A withdrawal from a Cirrus or Caixa 24hrs ATM. R$ 6.90, whether the card is virtual or physical, if ATM withdrawal works on a card whose physical-versus-virtual status the page will not confirm.
How to top it up
There is no direct card top-up. The path runs through the exchange account: deposit BRL via Pix, buy crypto, and the crypto sits in your Foxbit balance for the card to spend. The accepted coins are BTC, ETH, USDT, XRP and ADA, and the app lets you set a default coin.
Paying in BRL is possible but earns no cashback, which makes it a top-up method and a spending method at once.
The account limits from the eligibility section apply to this step directly: R$ 5,000 monthly for BRL deposits and withdrawals on a simplified account, with no crypto deposits or withdrawals at all; up to R$ 75,000 monthly deposits and R$ 300,000 monthly BRL withdrawals on a verified account, with crypto withdrawal limits personalised. When I opened the deposit and withdrawal fee table, it displayed “Carregando taxas…” — loading fees — and showed no values.
Networks are not named. That matters more here than in other cards, because a stablecoin deposit sent on a network the platform does not support can be lost or need manual recovery with no guarantee. Nobody tells you which network to pick, so the first transfer is the one where a mistake is most likely and least recoverable.
Withdrawing money from the card balance is not stated. The menu links to a Pix deposit and withdrawal page with no details, and how to close the account is not stated either.
Paying with it every day
Everyday use is where this card scores best, and the reasons are ordinary ones. It works with Apple Pay and Google Pay, which is what you actually use in a shop, and it runs on Mastercard, which is accepted almost everywhere in Brazil. Whether blocked merchant categories apply is not stated.
Cashback exists, but only on purchases paid in crypto, which is the entire point and also a narrow door:
- Up to R$ 999.99 monthly crypto spend: 0%
- R$ 1,000 to 2,999.99: 0.5%
- Over R$ 3,000: 1%
The cashback is credited in the same crypto you spent, back to your Foxbit wallet. There is one card and no paid tiers — no metal, no higher cashback band for spending more.
The app is on iOS and Android. On the Brazilian App Store listing the Foxbit app reads 4.4 out of 5 from about 5.6 thousand ratings, and the listing notes iPhone iOS 16.0+ and Apple Watch support. I did not read the Google Play rating, so treat Android’s standing as unconfirmed.
Dispute handling is not described anywhere. If a shop charges you twice or takes a payment and never delivers, there is no stated process on the page for how you challenge it. For a prepaid-style card, that gap is worth taking seriously before you rely on it for anything you would fight to reclaim.
What can go wrong
Two kinds of risk sit here, and they are different in kind.
The first is the money. Foxbit is Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., CNPJ 21.246.584/0001-50, a Brazilian entity that says it will file for Central Bank authorisation as a PSAV — that filing is described as a plan, not a completed authorisation. The card issuer and BIN sponsor are not named on the official page. Unofficial sources — a Startups.com.br item and a LatamFintech article on Pomelo and the Foxbit Card, neither showing dates — say the card is issued by the Argentine Pomelo. Treat that as unconfirmed; the card itself does not name an issuer. And crypto balances held here are not covered by FGC, Brazil’s deposit guarantee scheme.
The second is access. A user report on Reclame Aqui gives 7.9 out of 10 with 250 complaints between January and June 2026 and 88.1% resolved. The recurring themes are held Pix and BRL withdrawals, difficulty withdrawing bitcoin, delays on account email changes, and lost account access. No card-specific complaints surfaced, and I found no official incident reports — which is reassuring about the card and less reassuring about the exchange account the card depends on, because the card is only as available as the account behind it. A separate user report on Trustpilot, read on the same date, gives 2.8 out of 5 from only three reviews with none in the last twelve months, including an ETH withdrawal refusal in October 2025 and an RG identity document not accepted for KYC in February 2022. Three reviews is not a signal; the two data points inside it are.
On security, the page states that Foxbit never asks for a password or a 2FA code, which is the right rule to hear and a low bar. Card freeze and spending controls are not described. That matters practically: when you lose a crypto card, the reflex is to freeze it, and the page does not tell you whether that button exists.
What to take instead
Three alternatives, all rated above this card, all with different geography. The honest framing is that each is better because it is clearer or wider, not because Foxbit is badly made.
| Foxbit | Bybit Card | Coinbase Card | OKX | |
|---|---|---|---|---|
| Score | 5.6 / 10 | 6.0 / 10 | 6.4 / 10 | 6.2 / 10 |
| Where | Brazil, individuals only | Argentina, AIFC (Kazakhstan), Georgia, Kazakhstan, Australia, Mexico, Brazil, Peru, Asia Pacific; not EEA | All US states except Hawaii | EU plus Norway, launched 28 January 2026; Iceland and Liechtenstein excluded |
| Card | Mastercard, BRL, virtual or physical unclear | Virtual and physical (physical not in Peru), Mastercard or Visa by region | Visa prepaid debit, virtual or physical | Mastercard, euro virtual debit, linked to OKX Pay |
| Card fee | Free | Virtual issuance free in all regions “until further notice”; physical from none (Brazil, Mexico) to 29.99 USD (Australia) | Zero spending fees, no annual fees | None |
| Conversion | Crypto-to-BRL fee not published; “IOF + taxa de câmbio” 6% | 0.9% over One-Click Sell rate (0.5% Argentina) | No Coinbase transaction fee, spread applies | 0.1% conversion spread per explainer (May 2026) vs 0.4% in launch release |
| Rewards | 0.5%–1% on crypto-funded spend | Tiers 2% to 10% with monthly caps 5–600 USD, crypto-funded only | Optional crypto rewards, variable rate | Cashback on USDG purchases only, 2% to 10% with EUR caps |
A few things worth pulling out of that table.
Bybit is the broadest by geography and the most specific about its numbers, which is its main advantage over Foxbit: it publishes conversion fees, FX fees by country, cashback tiers and caps. It also names what it will not serve — “This product is not meant for European Economic Area customers”, and its fiat-service restricted list includes Belarus, the Russian Federation, Serbia, China and the United States, with Russian users able to make only RUB transactions in fiat. No card-specific statement on Russian or Belarusian citizens was found, and no citizenship-versus-residence rule is published.
Coinbase is the narrowest in geography and the simplest in pricing: no spending fees, no annual fees, no Coinbase transaction fees, just a spread when crypto is bought, sold or traded. In the United States it is the easiest of the four to reason about.
OKX is the cleanest new entrant, with the fewest moving parts — one conversion spread, no card fee — but also the narrowest reward design, since only USDG purchases earn anything and USDC earns nothing.
Who I would recommend it to
I would recommend it to one person: an individual in Brazil with a verified Foxbit account who already holds crypto and wants to spend it in reais without paying a monthly fee. For that person the card is free to hold, runs on Mastercard, works with Apple Pay and Google Pay, and returns up to 1% back in the coin you spent. The narrowness that hurts everyone else is exactly what makes it predictable for them.
I would not recommend it to anyone planning to use it as their primary everyday card. The reasons are the ones above, and they compound: a conversion fee nobody publishes, a 6% line nobody explains, no stated spending limits, no stated dispute process, no described card controls, no named issuer, and an exchange account whose own users report held withdrawals and lost access. None of those is catastrophic on its own. Together they mean that when something goes wrong, you are reading a fee table that was still loading and a help centre that does not describe a process.
And I would not recommend it to anyone who is choosing a crypto card today for the first time. Bybit publishes more, Coinbase prices more plainly, and OKX is simpler where it operates. Foxbit’s advantages — no issuance fee, no annual fee, no monthly fee — are real and are also the easiest things for a competitor to match.
Frequently asked questions
What is the Foxbit card?
The Foxbit card is a Mastercard that spends crypto held in a Foxbit exchange account, converting to Brazilian reais at the point of sale. It is issued to existing individual Foxbit clients in Brazil only. Issuance, the annual fee and the monthly fee are all R$ 0.00. The card is not available in other countries as described on its pages.
How does the Foxbit card work?
You deposit reais into your Foxbit account through Pix, buy crypto with them, and the card converts that crypto back to reais when you spend. Paying directly in reais is possible but earns no cashback. Cashback is only credited on purchases you fund with crypto, returning the same coin to your Foxbit wallet.
Is Foxbit a bank?
No. Foxbit is Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., a Brazilian crypto asset services provider, CNPJ 21.246.584/0001-50, that says it will file for Central Bank authorisation as a PSAV. Crypto balances are not covered by FGC. The card issuer is not named on the official page.
Do I need to complete KYC to get the Foxbit card?
You need a Foxbit account first, which means identity verification under Brazilian anti-money-laundering rules. The card page itself does not describe the KYC process, the documents required, or how long it takes, and it does not state a minimum age. Account levels differ: simplified accounts cap BRL at R$ 5,000 monthly.
How much does the Foxbit card cost to use?
Issuance, annual and monthly fees are all R$ 0.00, and crypto transactions are listed at 0.0%. Crypto-to-BRL conversion fees apply but their values are not published on the card page. A line reading “IOF + taxa de câmbio” shows 6% without saying what it applies to. Domestic ATM withdrawals cost R$ 6.90.
Can I use the Foxbit card in my country?
Only if that country is Brazil and you are an individual. The card page says it is released only for natural persons and names no other country. Residents of the EEA, the United States and elsewhere should not plan around this card: alternatives exist for those regions, including Bybit’s card and Coinbase Card in the United States.
How do I top up the Foxbit card?
There is no direct top-up. You deposit BRL through Pix into your Foxbit account, then buy BTC, ETH, USDT, XRP or ADA, and the card spends from that balance. The networks used are not named, and the deposit and withdrawal fee table displayed “Carregando taxas…” without showing values when checked.
Is the Foxbit card safe?
The card never asks for a password or 2FA code, per Foxbit’s own page, and crypto balances are not covered by FGC. Card freeze and spending controls are not described, dispute handling is not stated, and the issuer is not named officially. Reclame Aqui shows 7.9 out of 10 with 250 complaints January–June 2026, 88.1% resolved, mostly about withdrawals and account access.
How much cashback does the Foxbit card give?
Cashback applies only to purchases paid in crypto. Up to R$ 999.99 of monthly crypto spend earns 0%, R$ 1,000 to 2,999.99 earns 0.5%, and over R$ 3,000 earns 1%. The cashback arrives in the same crypto you spent. Paying in reais instead earns nothing, which makes the choice between crypto-funded and reais-funded spending a real trade-off.
Is Foxbit card worth it?
For an individual in Brazil with a verified Foxbit account who already holds crypto, yes: no issuance, annual or monthly fee, Mastercard acceptance, Apple Pay and Google Pay, and up to 1% cashback. For anyone else, no — outside Brazil it does not exist, and inside Brazil the conversion fee is unpublished, the 6% IOF and exchange line is unexplained, and the account behind it has a documented record of held withdrawals and lost access.
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