Foxbit

Visit Foxbit

Official exchange website and sign-up.

Foxbit is a Brazilian cryptocurrency exchange established in 2014, providing a platform for trading various cryptocurrencies. It focuses primarily on the Brazilian market, offering a user-friendly interface and a range of services tailored to the local audience. While it holds a moderate Trust Score, it remains a relevant player in the Brazilian crypto landscape.

Foxbit is a cryptocurrency exchange founded in 2014 with a focus on serving the Brazilian market. The platform offers a range of services, including spot trading for a selection of cryptocurrencies. Foxbit emphasizes providing a secure and accessible platform for Brazilian users to engage with the crypto market. As of 2024, Foxbit has a Trust Score of 7/10 and ranks #85 among cryptocurrency exchanges. It facilitates around 78 BTC in trading volume daily. The exchange aims to bridge the gap between traditional finance and the evolving world of digital assets in Brazil.

Author

Alexey Ivanov — Founder

Reviewed

Vitalik Buterin

Contents

Foxbit Overview
Key Features
Foxbit's Security Measures
Trading Fees and Costs
Supported Cryptocurrencies
User Experience and Interface
Customer Support
Regulatory Compliance

Foxbit Overview

Foxbit is a cryptocurrency exchange based in Brazil, launched in 2014. It provides a platform for Brazilian users to buy, sell, and trade various cryptocurrencies. The exchange aims to make digital assets accessible to the Brazilian population through a user-friendly interface and localized services.

Key Features

Spot trading of cryptocurrencies
User-friendly interface
Focus on the Brazilian market
Mobile app for iOS and Android
Customer support in Portuguese

Foxbit's Security Measures

Foxbit implements several security measures to protect user funds and data. These include two-factor authentication (2FA), encryption of sensitive data, and regular security audits. While specific details on their cold storage practices are not publicly available, the exchange emphasizes its commitment to maintaining a secure trading environment.

Trading Fees and Costs

Foxbit charges trading fees that vary depending on the user's trading volume. The fees are generally competitive with other exchanges in the Brazilian market. Deposit and withdrawal fees may also apply, depending on the cryptocurrency and the method used.

Foxbit Trading Fees	Статус	Описание
Maker Fee	0.25%	Fee charged when you place an order that is not immediately matched.
Taker Fee	0.50%	Fee charged when you place an order that is immediately matched.
Bitcoin (BTC) Withdrawal Fee	Varies	Withdrawal fees for Bitcoin depend on network conditions. Check the platform for the most up-to-date information.
Ethereum (ETH) Withdrawal Fee	Varies	Withdrawal fees for Ethereum depend on network conditions. Check the platform for the most up-to-date information.
Deposit Fee	Free	Foxbit does not charge fees for depositing cryptocurrencies.

Supported Cryptocurrencies

Foxbit supports a range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). The exchange also offers trading pairs with the Brazilian Real (BRL), allowing users to easily convert between fiat currency and cryptocurrencies.

Supported Cryptocurrencies on Foxbit	Статус	Описание
Bitcoin (BTC)	Yes	The most popular cryptocurrency.
Ethereum (ETH)	Yes	A leading platform for decentralized applications.
Litecoin (LTC)	Yes	An early altcoin focused on faster transaction times.
Ripple (XRP)	Yes	A cryptocurrency designed for fast and low-cost international payments.
Tether (USDT)	Yes	A stablecoin pegged to the US dollar.
USD Coin (USDC)	Yes	A stablecoin pegged to the US dollar.
Chainlink (LINK)	Yes	A decentralized oracle network.
Cardano (ADA)	Yes	A proof-of-stake blockchain platform.
Solana (SOL)	Yes	A high-performance blockchain.
Dogecoin (DOGE)	Yes	A popular meme-based cryptocurrency.

User Experience and Interface

Foxbit is known for its user-friendly interface, making it suitable for both beginners and experienced traders. The platform is available in Portuguese, catering specifically to the Brazilian market. The mobile app provides convenient access to trading on the go.

Customer Support

Foxbit offers customer support primarily in Portuguese. Users can contact support through email, phone, and live chat. Response times may vary depending on the volume of inquiries.

Regulatory Compliance

Foxbit operates in compliance with Brazilian regulations regarding cryptocurrency exchanges. The exchange is committed to adhering to anti-money laundering (AML) and know your customer (KYC) requirements.

"Foxbit is dedicated to providing a secure and accessible platform for Brazilians to participate in the cryptocurrency market. Our focus is on building trust and fostering innovation in the digital asset space."

Visit Foxbit

Official exchange website and sign-up.

Go to exchange

Pros

User-friendly interface suitable for beginners.
Focus on the Brazilian market, providing localized services.
Offers spot trading for a variety of cryptocurrencies.
Established presence in the Brazilian crypto market since 2014.
Platform available in Portuguese.

Cons

Limited availability outside of Brazil.
Trust Score could be higher compared to top-tier exchanges.
Trading volume relatively lower than major global exchanges.
Limited information available in English.
Specific details on security measures may be difficult to find.

Visit Foxbit

Official exchange website and sign-up.

Go to exchange

Trader reviews

CryptoLoverBR

Foxbit has been my go-to exchange in Brazil for years. The platform is easy to use, and I appreciate their focus on the local market. Good selection of coins and the support is responsive.

BitcoinTrader21

I've been using Foxbit for a while now, and it's a decent exchange. However, I think they could improve their trading fees. Overall, it's reliable and secure.

AltcoinFanatic

Foxbit is a solid exchange for trading altcoins in Brazil. I'm happy with the platform's performance and the selection of cryptocurrencies available.

FAQ

What is Foxbit?

Foxbit is a cryptocurrency exchange based in Brazil that allows users to buy, sell, and trade various cryptocurrencies.

What cryptocurrencies does Foxbit support?

Foxbit supports popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP), among others.

What are the trading fees on Foxbit?

Foxbit charges trading fees that vary depending on the user's trading volume. Maker fees are typically around 0.25%, and taker fees are around 0.50%.

Is Foxbit secure?

Foxbit implements security measures such as two-factor authentication (2FA) and encryption to protect user funds and data.

Does Foxbit have a mobile app?

Yes, Foxbit has a mobile app available for both iOS and Android devices.

Visit Foxbit

Official exchange website and sign-up.

Go to exchange

Found this review useful? Share it:

Author

Alexey Ivanov — Founder

Founder

Trader with 7 years of experience and founder of Crypto AI School. From blown accounts to managing > $500k. Trading is math, not magic. I trained this AI on my strategies and 10,000+ chart hours to save beginners from costly mistakes.

Ready to trade with AI?

Connect our AI bot via safe Read-Only API and start trading with edge.

Connect AI Bot