A Brazilian crypto card with free issuance and a thin information page

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

If you have heard of Foxbit and are wondering whether its payment card is worth anything to you, the short version is this: the card is real, free to issue and free to keep, but almost everything interesting about it lives outside the company’s own pages. Foxbit markets it to people who already hold an account at the Brazilian exchange and spend their crypto balance in reais. If that is you, the economics are unusually good on the surface — no issuance fee, no annual fee, no monthly fee, and no fee on the crypto trade itself. If you are anywhere else in the world, or you are looking for a card that behaves like an ordinary bank card with a predictable statement and a named issuer, the official information stops well short of what you would need to decide.

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

My score for the card is 5.6 out of 10. That is not a dismissive number, and it is not a marketing one either. It is the number I get after weighing a genuinely free card against a company page that leaves the fee table loading, never names the issuer, and tells you almost nothing about what happens when something goes wrong.

The score, criterion by criterion

The heaviest mark is the first one, because access is the hardest limit to work around. The brightest is everyday use, which is where a crypto card usually stumbles and this one does not.

Will they give you the card?

Only if you are already a Foxbit client, and only as an individual. The card is released “apenas para pessoas físicas” — for natural persons only. The official material names no other country, so there is no reading of the page in which a resident of anywhere else is eligible. This is the single fact that decides whether the rest of this review matters to you.

Two account levels sit underneath that eligibility, and they matter because they govern how much money can move. A simplified account carries a monthly BRL limit of R$ 5,000 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. What documents either level requires, and how long either takes, is not stated on the pages I could read.

If you are outside Brazil, the answer is no, and no amount of reading further sections will change it.

How to get it

The route is short because it is not really an application process in the ordinary sense. Registration at app.foxbit.com.br is free, and the card request sits behind a “Solicitar meu cartão” button in the app. The identity check itself is not described on the page — what documents are asked for, how the check is carried out, how long it takes. Age is not stated either. The general rule for prepaid and debit cards in this category is adults from 18, and some issuers set higher limits, but that is the category norm rather than a Foxbit statement.

What the card is, physically, is only half-answered. It is a Mastercard in Brazilian reais. The page mentions tapping, inserting, swiping and online use, so all four presumably work, but it never says whether you get a plastic card, a virtual one, or both, and in what order they arrive if you get them. Delivery is not stated. There is also a wobble in the page’s own language: parts of it describe the card in prepaid terms and parts describe it with credit-function wording. A prepaid card spends a balance you have loaded. A credit card spends a bank’s money that you repay later. Those are different products, and the page does not settle which one Foxbit’s card is.

For anyone deciding whether to bother, that ambiguity is the thing to weigh. A prepaid-style card cannot overdraw and does not build a credit history. A credit-style card could do things the Foxbit page never mentions, including potentially reporting to a credit bureau. Nobody should assume either from the wording used.

Fees and what a payment really costs

The headline numbers are genuinely free. Issuance is free, the annual fee is R$ 0.00 and the monthly fee is R$ 0.00. That is a better starting position than most cards in this category offer, and it is the reason the cost score is a 7 rather than a 3.

Then the picture gets thinner. Crypto-to-BRL conversion fees apply, and the page does not print the values — it points to a fee and limits table on the site. A foreign exchange fee is not stated. For cash withdrawals the page again declines to give a figure and says the same table covers ATM withdrawal fees and IOF. When I went looking at that fee table area, what appeared was a loading state reading “Carregando taxas…” with no values behind it. So the parts of this card’s pricing you would most want to see before spending are the parts that did not load.

The card currency is BRL. You can pay in reais directly, and that path carries no cashback. Spending crypto is converted to BRL. A 6% line appears on the fee page labelled “IOF + taxa de câmbio” and what it applies to is not stated — whether it is charged on conversion, on foreign currency purchases, or on both is exactly the question you would want answered.

Let us put that through three ordinary payments, because abstract fee tables rarely tell you anything.

A coffee in a Brazilian café, paid in crypto, small enough that the amount sits in the lowest cashback band: what you pay is the crypto converted at the moment of purchase plus whatever conversion fee applies, and the whole thing nets you zero cashback. The R$ 6.90 ATM fee is the one number on this page that is unambiguous, and it is high enough that using this card to get cash is a decision rather than a default.

A monthly online subscription paid in reais instead of crypto: paying in BRL is possible, but that route earns no cashback, and the page gives no figure for how you get a BRL balance in the first place beyond depositing through Pix. A larger monthly purchase paid in crypto, say above R$ 3,000 in a month, moves you into the 1% cashback band. Whether 1% survives whatever the conversion fee turns out to be is the arithmetic nobody outside the company can do, because the conversion fee is the missing number.

One limit is worth flagging because it is structural rather than numeric. The card spends a loaded balance. In the pre-loaded balance model common to this category, you convert or top up first and the card spends only what is there, so it cannot overdraw — but equally, a conversion fee is charged before the purchase even happens, and the rate at which your crypto becomes spendable money is the real cost of this card.

How to top it up

Top-up starts with Pix. You deposit Brazilian reais through Pix into your Foxbit account, buy crypto with them, and the balance sits in the account for the card to spend. The accepted cryptocurrencies are BTC, ETH, USDT, XRP and ADA, and you set your default coin in the app.

Note what is missing: the networks are not named. This matters more than it sounds. A stablecoin deposit is not one thing but many, depending on which chain it arrives on, and sending funds on a network the provider does not support is a well-known way to lose money outright. Blockchain transfers are irreversible, so a deposit on the wrong network can be gone or can turn into a support ticket with no guarantee of recovery. Tether itself notes that it freezes tokens tied to illicit activity, so stablecoins are not censorship-proof either. Before you send anything, the sensible move is to confirm in the app or with support which networks are supported for your coin, rather than assuming the obvious one.

The account limits apply to this step as well. A simplified account is capped at R$ 5,000 a month for BRL deposits and withdrawals and cannot move crypto at all. A verified account goes up to R$ 75,000 a month in deposits and R$ 300,000 a month in BRL withdrawals, with crypto withdrawal limits personalised. The deposit and withdrawal fee table showed that same loading message rather than numbers.

Getting money back off the card is not described. The menu links to a Pix deposit and withdrawal page without detail, and closing the balance is not stated either. If you are considering this as a place to hold money you will need again, that silence is worth asking about before you load it.

Paying with it every day

Everyday use is where this card scores best and it is not close. It is a Mastercard, and it works with Apple Pay and Google Pay. That combination — a well-known network plus the two phone wallets almost everyone already uses — is what makes a crypto card feel like an ordinary card rather than an experiment. The ATM fee of R$ 6.90 at Cirrus and Caixa 24-hour machines is stated clearly, which is more than most fee pages manage.

Cashback is the incentive, and its structure is unusual in a way worth understanding before you chase it. It applies only to purchases paid in crypto, not to purchases paid in reais. The bands run: up to R$ 999.99 monthly crypto spend earns 0%; R$ 1,000 to R$ 2,999.99 earns 0.5%; over R$ 3,000 earns 1%. The cashback is credited in the same cryptocurrency to your Foxbit wallet. So the reward is paid in a volatile asset, and the band you are in depends on how much you spend — which pushes spending decisions in a direction your own interests do not necessarily point.

There is one card, not a tiered set of them, and no paid tiers. Blocked merchant categories are not stated, which in practice means you cannot tell whether gambling, adult content or ticketing will be refused. What I can tell you is that many issuers in this category block gambling merchants by policy rather than law, and the list varies by issuer — so this is another thing to confirm rather than assume.

Two payment rails matter and are described elsewhere on the page: online payments may be checked with 3-D Secure, Mastercard’s version of which is called Identity Check, and Apple Pay replaces the card number with a device-specific number stored in the phone’s secure element, so each tap uses a one-time code. That is a genuine safety feature, and it works whether or not your card number is ever exposed.

The app is on iOS and Android. On the Brazilian App Store the Foxbit app reads 4.4 out of 5 from roughly 5.6 thousand ratings, requires iPhone with iOS 16.0 or later, and lists Apple Watch support. I did not read the Google Play rating.

Dispute handling is not stated. How you would contest a charge that was not yours, or a subscription billed twice, or goods never delivered — none of that appears. Given that chargeback rights differ sharply between card types, and prepaid coverage in particular should not be assumed, this is the gap I would fill first.

What can go wrong

Let us separate three different things: what users report, what the company is, and what the company says about security.

On complaints, the picture is decent but not clean. Reclame Aqui, the Brazilian consumer complaint platform, shows 7.9 out of 10 from 250 complaints between January and June 2026, with 88.1% resolved. The recurring themes are held Pix and BRL withdrawals, difficulty withdrawing bitcoin, delays on account email changes and lost access. Notably, none of those are card-specific complaints — I found no complaints about the card itself. Official incidents: none found.

A separate, unofficial user-report source tells a much harsher story but on a tiny sample: 2.8 out of 5 from only three reviews, none in the last twelve months, with an ETH withdrawal refused in October 2025 and an RG identity document not accepted for KYC in February 2022. Treat that as unofficial and not confirmed by the card — three reviews is not a track record, and the fact that none are recent makes it less informative about today.

On the company: Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., CNPJ 21.246.584/0001-50, in Brazil. The official page does not name the card issuer or BIN sponsor. It says the company will file for Central Bank authorisation as a virtual asset service provider — a plan, not a licence. And it states that crypto balances are not covered by FGC, the Brazilian deposit guarantee scheme. That last point deserves emphasis: your crypto balance here is not a bank deposit and carries no deposit guarantee, whatever the card itself is. An unofficial report identifies the issuer as the Argentine company Pomelo, but that comes from third-party sites and is not confirmed by the card.

On security, the company says “A Foxbit nunca pede senha ou código 2FA” — Foxbit never asks for your password or 2FA code. That is a useful warning and worth memorising. But card freeze and spending controls are not described at all, so the everyday safety tools this category normally offers — instant freeze, spending caps — are of unknown availability here.

What can actually go wrong, then? In rough order of how much it would hurt you: sending crypto on an unsupported network and losing it, since transfers are irreversible; a Pix or BRL withdrawal that stalls while your balance is exposed to the market; the 6% IOF and exchange line applying more broadly than you expect, because its scope is undisclosed; a decline on a foreign or prepaid BIN, which merchants in some countries apply out of habit because the card type and issuer country show up in their systems; and a hold on funds from a declined authorisation that lingers for days.

What to take instead

I want to be careful here. Young, MSX and Bybit Card are the alternatives I looked at, and the honest finding is that none of them published enough for a clean comparison on several of the very points that matter most — eligibility, card type, issuance cost, fees.

Bybit is the one worth spending time on if you want a comparison, and not because it scores well — it scores 6.0 — but because it publishes. Its card regions are listed in the help centre: Argentina, AIFC (Kazakhstan), Georgia, Kazakhstan, Australia, Mexico, Brazil, Peru and Asia Pacific. The application asks for country of residence, and where a country is unsupported it records your interest. The cards page states plainly: “This product is not meant for European Economic Area customers. All European Economic Area customer participation is strictly prohibited.” Its fiat-service restricted list — deposits, withdrawals and One-Click Buy, not the card itself — includes Belarus, the Russian Federation, Serbia, China and the United States, and it says Russian users can only make RUB transactions in fiat. I found no card-specific statement on Russian or Belarusian citizens and no citizenship-versus-residence rule, so if that is your situation, ask rather than assume. The card currency depends on the country of your Advanced Identity Verification.

Bybit’s card comes in virtual and physical forms; a virtual card has to be obtained first, the physical card is not available in Peru, and rollout is in phases. Networks and products vary by region — Argentina Mastercard prepaid, Brazil and Peru Visa prepaid, several regions “Mastercard credit card” and Asia Pacific Visa credit, as the table words it. Validity runs three years in most regions, six in Argentina, five in Brazil, Mexico and Peru.

Its costs are stated where Foxbit’s are not. Virtual card issuance is free in all regions “until further notice”, and the page says “Auto interest, no annual fees”. Physical issuance is 29.99 USD in Australia, 5 USD or USDT in Argentina, 29.99 USDT in Georgia, Kazakhstan (AIFC) and Asia Pacific, and free in Brazil and Mexico; holders of an Australia, Kazakhstan (AIFC), Georgia or Asia Pacific physical card pay no issuance or replacement fee as VIPs. Conversion runs 0.9% over the One-Click Sell rate in Australia, Asia Pacific, Georgia, Kazakhstan, Brazil and Mexico, and 0.5% in Argentina, with Peru not supported. The FX fee is 2% on top of the network rate in several regions, 1.5% in Brazil, 1% in Peru, 7% in Argentina, and Kazakhstan charges a 2% “International Fee” on purchases outside the country even in USD. Argentina adds VAT 21% on foreign digital services, 30% on foreign transactions and a provincial gross-income tax of 1% to 13.2%.

Bybit’s funding model is different in kind from Foxbit’s: the card has no balance of its own. It draws on the Funding Account and the Flexible Easy Earn balance, fiat first, and if fiat is insufficient it sells crypto at the One-Click Sell rate plus the card’s conversion fee. Supported coins are BTC, ETH, XRP, USDT, USDC and GRAM, with a default priority of USDT over USDC, GRAM, BTC, ETH, XRP that you can reorder. Rewards are also more conditional than they look: from 5 October 2026 at 10:00 UTC only crypto-funded transactions earn points or cashback, with tiers from Base at 2.00% to Infinite at 10%, monthly caps from 5 USD to 600 USD, cashback in USDT calculated as points times 0.002, a four-calendar-day pending period and Auto Cashback required.

So: Bybit is harder to get if you are outside its region list, and its fees are real, but you can read them. Foxbit is free on paper and silent in practice. For a reader who wants to know what they are paying, that difference may matter more than the score.

Who I would recommend it to

I would recommend it to exactly one kind of person: an existing Foxbit client in Brazil who already holds crypto, already spends in reais, and mainly wants a clean way to pay for things from that balance without being charged for holding the card. For that person the proposition is genuinely attractive — R$ 0.00 across issuance, annual and monthly fees, 0.0% on the crypto transaction, Mastercard plus the phone wallets, and cashback that starts once you pass R$ 1,000 of monthly crypto spend.

I would not recommend it to anyone planning a trip and hoping to use it abroad, because the foreign exchange fee is not stated and the 6% “IOF + taxa de câmbio” line has no disclosed scope. I would not recommend it to anyone whose income arrives through it, because ATM withdrawals cost R$ 6.90. I would not recommend it to anyone treating it as a place to hold savings, because the balance is not covered by FGC and the issuer is not named on the official page. And I would not recommend it to anyone who needs a written answer before committing money, because the fee values that decide that are the ones the page does not show.

Before applying, I would ask support three questions in writing: which networks are supported for each of the five coins, what exactly the 6% “IOF + taxa de câmbio” line is charged on, and who the issuer and BIN sponsor are. Save the answers. They are the ones that turn this from a guess into a decision.

Frequently asked questions

What is the Foxbit card?

It is a Mastercard payment card in Brazilian reais, offered by the crypto exchange Foxbit to people who already hold an account there. You load it by depositing reais through Pix and buying crypto, and the card spends that balance after conversion. It is not a bank account, and it comes with no annual or monthly fee — but it is only described for existing Brazilian individual clients.

Who can get the Foxbit card?

Only existing Foxbit clients, and only natural persons — the page says “liberado apenas para pessoas físicas”. No other country is named anywhere in the official material. Two account levels sit underneath: a simplified one capped at R$ 5,000 a month with no crypto transfers, and a verified one allowing R$ 75,000 in monthly deposits and R$ 300,000 in BRL withdrawals.

How do I apply for the Foxbit card?

Registration at app.foxbit.com.br is free, and from there a “Solicitar meu cartão” option in the app starts the request. The page does not describe the identity check, the documents required, the processing time, or the minimum age. It also does not say whether you receive a virtual card, a plastic one, or both, nor how delivery works.

What does the Foxbit card cost to keep?

Issuance is free, the annual fee is R$ 0.00 and the monthly fee is R$ 0.00, and the card page lists crypto transactions at 0.0%. The costs that are not disclosed are conversion fees, the foreign exchange fee, and what the 6% “IOF + taxa de câmbio” line actually covers. A domestic ATM withdrawal at Cirrus or Caixa 24-hour machines costs R$ 6.90.

How do I top up the Foxbit card?

You deposit Brazilian reais through Pix, then buy crypto with them; the accepted coins are BTC, ETH, USDT, XRP and ADA, and you choose a default in the app. Paying in reais directly is possible but earns no cashback. The networks are not named on the page, so confirm which ones are supported before transferring, since blockchain transfers are irreversible.

Is the Foxbit card safe, and is Foxbit a bank?

Foxbit is not a bank: the legal entity is Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., CNPJ 21.246.584/0001-50, and it says it intends to file for Central Bank authorisation as a virtual asset service provider — a plan, not a licence. The company states it never asks for your password or 2FA code. Crypto balances are not covered by FGC, the Brazilian deposit guarantee scheme.

Can I use the Foxbit card outside Brazil?

The card is described only for Brazilian clients in reais, and the foreign exchange fee is not stated, nor is the scope of the 6% IOF and exchange line. Because the issuer is not named on the official page, I cannot tell you which BIN it runs on — and merchants in some countries apply extra scrutiny to foreign or prepaid card types. Do not plan a trip around it.

How much cashback does the Foxbit card give, and is it worth chasing?

Cashback applies only to purchases paid in crypto: 0% up to R$ 999.99 of monthly crypto spend, 0.5% from R$ 1,000 to R$ 2,999.99, and 1% above R$ 3,000. It is credited in the same cryptocurrency to your Foxbit wallet, so the reward itself moves with the market. Paying in reais earns nothing, which makes the 1% the maximum rather than a baseline.

How do I add the Foxbit card to Apple Wallet or Google Pay?

The card works with both Apple Pay and Google Pay, and the page mentions tapping, inserting, swiping and online payments. Apple Pay stores a device-specific number in the phone’s secure element rather than on Apple servers, and each payment uses a one-time code. Foxbit does not describe the activation flow for adding the card to either wallet in detail.

What happens if I have a problem with the Foxbit card?

That is the weakest documented area. Disputes and chargebacks are not described at all, so there is no published route for contesting a charge. The company has a help centre and a contact page, and user complaints about the wider platform — held Pix and BRL withdrawals, difficulty withdrawing bitcoin, email-change delays and lost access — have been reported publicly, though none I found concerned the card itself.

Content created by the «cryptocardcheck» team