According to the independent consulting agency BitValor, Foxbit is the exchange with the highest liquidity on the Brazilian market. The platform is designed on three pillars: agility, transparency, and security. The exchange is best-suited to Brazil-based users who want to trade Bitcoin quickly on a 0% deposit fee against the Brazilian Real.
Foxbit is easy to use and offers a clean and simple user interface. The exchange recommends that users make deposits and withdrawals through Caixa, Bradesco, Banco du Brasil, or Inter. Foxbit is a member of the BlinkTrade network, which includes SurBitcoin, ChileBit.net, UrduBit, and VBTC. The deposit fee for Brazilian Real is 0%.
Crypto Currencies Support
Traditional Currency Support
- Brazilian Real (BRL)
- European Union
- Hong Kong
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Russian Federation
- United Kingdom of Great Britain and Northern Ireland
- United States of America
- Web Interface
Foxbit security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.
Advanced Security Features:
- Email reports of logins
- Monitor bahavior patterns for suspicious activity
- Email Notification of withdrawal
- SMS notification of Login's
Foxbit is a product of Foxbit Servicos Digitais LTDA. and was founded in 2014. The company is owned by Guto Schiavon and Joao Canhada. Schiavon was schooled in Information Systems at Univem and is the Operations Director for Foxbit, while Joao started in the Bitcoins market in 2013 and is the CEO. Their goal was to create a transparent and legitimate company in the Brazilian crypto market.
Foxbit manages to offer the highest liquidity in the Brazilian market. Their functions are limited and they only offer Bitcoin trading. The most important fact is that they have slow customer service, which tends to have a negative impact on their image. They claim to offer a lot of transparency but for the moment there is very little information available to the user.
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party
Foxbit offers a pre-approval feature, allowing users to pre-approve up to 3 times their current balance without paying any lending fees. Until the deposit is verified by a Foxbit representative, the user will not be able to withdraw the funds. If using a different bank than those recommended on the platform, Foxbit encourages its clients to use the TED payment option for a faster transaction.
slow customer service, cash out issues, slow verifications for deposits