Foxbit
Foxbit Review 2025 – Is It a Safe Crypto Exchange?
Thinking of trading with Foxbit? In this detailed review, we examine Foxbit’s regulations, account types, trading fees, platforms, and more. By the end, you’ll know whether Foxbit is a suitable exchange for your crypto trading needs in 2025.
| Feature | Details |
|---|---|
| Exchange Name | Foxbit |
| Founded | 2014 |
| Headquarters | Brazil |
| Regulations | Complies with Brazilian financial regulations and local KYC/AML standards |
| Minimum Deposit | No minimum for crypto deposits; fiat deposits vary by method |
| Account Types | Regular, Pro |
| Trading Platforms | Web Platform, Mobile App (iOS & Android) |
| Instruments Offered | Crypto-to-Crypto, Crypto-to-Fiat (BRL) |
| Leverage | No leverage (spot trading only) |
Regulation & Safety
Foxbit is a regulated crypto exchange in Brazil and follows KYC/AML requirements. It is **not a bank and does not offer bank-level insurance**.
- Registered with Brazilian authorities and follows KYC/AML
- Two-factor authentication (2FA)
- Cold storage for the majority of crypto assets
- Regular audits and security checks
Account Types Offered
| Account Type | Features | Trading Fees | Minimum Deposit |
|---|---|---|---|
| Regular | Basic trading, beginner-friendly | Up to 0.5% | No minimum for crypto |
| Pro | Advanced charts, lower fees | Lower maker/taker fees | No minimum for crypto |
Trading Platforms
- Web-based trading platform
- Mobile app for iOS & Android
- Designed for both beginners and intermediate traders
- Spot trading only
Instruments You Can Trade
- 30+ cryptocurrencies including BTC, ETH, XRP, LTC
- Crypto-to-BRL fiat pairs
- Popular altcoins listed periodically
Spreads, Fees & Commission
- Trading Fees: Regular up to 0.5%; Pro accounts enjoy lower fees
- Deposit Fees: Mostly free for crypto deposits
- Withdrawal Fees: Crypto network fees apply; bank withdrawals may have fees
- Inactivity Fee: None
Security & Measures
- Cold wallet storage for crypto
- Two-factor authentication (2FA)
- Encryption for all sensitive data
- Regular penetration testing
Deposit & Withdrawal Options
| Method | Processing Time | Fees / Notes |
|---|---|---|
| Bank Transfer (BRL) | 1–3 business days | Bank fees may apply |
| Crypto Wallets | Minutes | Network fees apply |
Customer Support
- Email support
- Live chat support (limited hours)
- Help center and FAQs
- Portuguese language support
Pros & Cons
Pros
- Regulated by Brazilian authorities
- Supports BRL fiat deposits and withdrawals
- Cold storage and 2FA for security
- Beginner-friendly interface
- Mobile app available
Cons
- No leverage or derivatives trading
- Limited international support
- Fewer cryptocurrencies than global exchanges
- Advanced traders may find platform limited
Is Foxbit Right for You?
Foxbit is ideal if you want a regulated Brazilian crypto exchange with easy BRL deposits and a beginner-friendly platform. It is well suited for new or casual crypto investors.
If you need advanced trading features, leverage, or derivatives, you may prefer an international crypto exchange.
If you decide to choose Foxbit:
FAQs About Foxbit
Is Foxbit regulated?
Yes, Foxbit is regulated in Brazil and follows KYC/AML standards.
What is the minimum deposit?
No minimum for crypto deposits; fiat deposits vary.
Does Foxbit offer leverage trading?
No, only spot trading is supported.
How long do deposits/withdrawals take?
Bank transfers 1–3 days; crypto deposits take minutes depending on network.
Disclaimers
Cryptocurrency trading is high-risk and may result in loss of funds. Make sure you fully understand the risks before trading.
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