Foxbit Crypto Exchange Review: Best for Brazilian Bitcoin Traders in 2025

17 August 2025 5 Comments Michael Jones

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Silver Tier 0.5% fee

Gold Tier 0.3% fee

Platinum Tier 0.2% fee

Diamond Tier 0.1% fee

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Monthly Fee (Foxbit) R$0.00

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Current Tier Silver

Target Tier Platinum

Want to buy Bitcoin in Brazil without paying extra fees? If you're trading in Brazilian Real (BRL), Foxbit might be the only exchange you need. Unlike international platforms that charge you to deposit reais or convert currency, Foxbit lets you deposit BRL for free - and that’s not a gimmick. It’s the core of how they operate. Since 2014, they’ve built their entire platform around one goal: making Bitcoin trading simple, fast, and cheap for Brazilians.

Why Foxbit Exists: Solving Brazil’s Crypto Problem

Most global crypto exchanges treat Brazilian users like an afterthought. They make you convert BRL to USD first, then trade. That means double fees - one for currency conversion, another for depositing. Foxbit cuts that out. They connect directly to Caixa, Bradesco, Banco do Brasil, and Inter. You click ‘Deposit BRL,’ approve the bank transfer, and your money hits your account in minutes. No intermediaries. No hidden FX charges.

This isn’t just convenient. It’s financially smart. If you trade $1,000 a month, other exchanges might charge you $8-$12 in fees just to get your money in. Foxbit charges $0. That adds up to over $100 a year saved - money you can use to buy more Bitcoin.

Trading on Foxbit: Simple, But Not Basic

The platform looks clean. No cluttered charts, no confusing menus. On the web or mobile app, you get two main ways to trade:

Buy/Sell - Tap once, enter the amount in BRL, and buy Bitcoin instantly. Perfect for beginners.
Order Book - See live bids and asks. Set your own price. Use limit orders. This is where serious traders operate.

Liquidity is strong in BRL/BTC pairs. Orders fill fast. You won’t see the slippage you get on smaller exchanges. In 2025, Foxbit still holds the highest trading volume for Bitcoin in Brazil, according to BitValor. That means tighter spreads - the difference between buy and sell prices - which saves you money over time.

Fees: Where Foxbit Wins (and Where It Doesn’t)

Foxbit’s fee structure is built for users who trade often. Here’s how it breaks down:

BRL deposits and withdrawals: 0% fee. Always.
Trading fees: Start at 0.5% per trade. Drop to 0.3% if you trade over R$50,000 monthly.
Inter-crypto trades (like BTC to ETH): 40-60% cheaper than regional rivals.

But here’s the real kicker: their loyalty program. You’re not just a user. You’re a member with a tier.

Silver: Standard fees. Basic tools.
Gold: 15% off trading fees + priority support.
Platinum: 35% off fees + personalized market alerts.
Diamond: Institutional access, custom reporting, dedicated account manager.

One user told Traders Union they dropped from 0.5% to 0.325% after hitting Platinum - saving R$3,200 over six months on R$120,000 in trades. That’s not theoretical. That’s real savings.

Side-by-side comparison: frustrated trader at high-fee exchange vs. calm Foxbit user with zero fees

Security: Solid, But Not Top-Tier

Foxbit isn’t Kraken. It doesn’t have a $500 million insurance fund. It doesn’t use facial recognition. It’s not regulated in the U.S., EU, or Australia.

But here’s what they do have:

95% of funds stored in offline cold wallets.
Two-factor authentication (2FA) required for withdrawals.
Government-registered in Brazil under CVM guidelines.

They’ve had security breaches in the past - unlike OKX or Binance, which claim zero successful hacks. That’s a red flag. But they’ve improved since. Their response time to incidents has gotten faster, and they now notify users within hours of suspicious activity.

If you’re holding a few thousand reais in Bitcoin, Foxbit is fine. If you’re storing life savings in crypto, you should consider splitting funds across multiple platforms.

Mobile App: Trading on the Go, Done Right

The Foxbit app is fast. It loads charts instantly. You can set price alerts, cancel orders, and check your balance from anywhere. No lag. No crashes. It’s not flashy - no live news feeds or social trading features - but it does one thing well: execute trades quickly and accurately.

Traders in São Paulo and Rio use it while commuting. Farmers in Minas Gerais check prices between field work. It works on older Android phones and iOS devices from 2018. That matters in a country where not everyone has the latest hardware.

Who Is Foxbit For? (And Who Should Skip It)

Perfect for:

Brazilians who trade Bitcoin in BRL.
People who deposit or withdraw reais weekly.
Active traders who can reach Gold or Platinum tier.
Users who want a simple, no-nonsense interface.

Not for:

People who want to trade altcoins like Solana or Polygon - Foxbit only supports a handful.
Users outside Brazil - you can’t deposit BRL from abroad.
Those seeking top-tier global security or insurance-backed protection.
Investors who want to hold hundreds of crypto assets.

Market Position: The Local Leader

Foxbit gets about 13,500 organic visits a month to foxbit.com.br. That’s not huge compared to Binance or Coinbase - but it’s massive for a Brazil-only platform. They don’t spend on ads. Their growth comes from word of mouth and bank partnerships.

They’re part of the BlinkTrade network, which links them to exchanges in Chile, Uruguay, and Vietnam. That means you can move Bitcoin between regional platforms without going through international wallets - faster and cheaper.

Brazil’s crypto market is growing fast. Over 30 million people now own crypto. Foxbit is positioned to capture a big slice of that - especially as more Brazilians move away from traditional banks and into crypto-native services.

Final Verdict: Is Foxbit Worth It?

If you live in Brazil and trade Bitcoin in reais, Foxbit is one of the best choices you have. The zero-fee BRL deposits alone make it stand out. Add in the tiered fee discounts and solid mobile app, and you’ve got a platform built for real users - not just speculators.

But don’t treat it like a global exchange. It’s not designed for Ethereum, Cardano, or NFTs. It’s not the safest exchange in the world. But if your goal is to buy, sell, and hold Bitcoin in Brazil without paying extra fees - Foxbit delivers.

Start with a small deposit. Try the Buy/Sell feature. See how fast your BRL arrives. Then, if you’re trading more than once a week, aim for Gold tier. The savings add up.

It’s not perfect. But for what it does - Bitcoin + BRL - it does it better than almost anyone else in Brazil.

Is Foxbit safe to use in 2025?

Foxbit is regulated in Brazil and uses cold storage for most assets, but it lacks top-tier global security features like insurance funds or facial recognition. It has experienced past breaches, so it’s safe for casual and active traders holding moderate amounts, but not ideal for large institutional holdings. Always enable 2FA and never keep more than you’re willing to lose on any exchange.

Can I deposit USD or EUR on Foxbit?

No. Foxbit only accepts deposits in Brazilian Real (BRL) via local bank transfers. You cannot deposit USD, EUR, or other foreign currencies. If you want to trade in other currencies, you’ll need to use a different exchange and transfer Bitcoin to Foxbit after buying it elsewhere.

What cryptocurrencies does Foxbit support?

Foxbit primarily supports Bitcoin (BTC) paired with BRL. A few other coins like Ethereum (ETH), Tether (USDT), and Litecoin (LTC) are available, but the selection is limited compared to global exchanges. If you want to trade altcoins like Solana or Dogecoin, Foxbit isn’t the right platform.

How do I reach Platinum or Diamond tier?

Tiers are based on your monthly trading volume. Gold starts at R$20,000/month traded. Platinum requires R$100,000/month, and Diamond is for institutional traders with over R$500,000/month. You’ll get automatic upgrades as you hit thresholds. The fee discounts are applied instantly - no application needed.

Does Foxbit have a desktop app?

Foxbit doesn’t offer a standalone desktop app. You can use the web platform on your computer, which works just as well. The mobile app is more popular because most Brazilian users trade on their phones. The web interface is responsive and supports full trading features, including limit orders and order book viewing.

Can I use Foxbit if I’m not in Brazil?

You can create an account from outside Brazil, but you won’t be able to deposit or withdraw Brazilian Reais. The bank transfer system only works with Brazilian accounts. If you’re abroad, you can still send Bitcoin to your Foxbit wallet, but you won’t be able to cash out in BRL. It’s not designed for international users.