foxbit review

Foxbit charges a maker fee of 0.25% and a taker fee of 0.5%. The taker fee is above the listed site median of 0.2%, so traders should account for it on market orders.

BRL withdrawals to the user's own bank account cost nothing. Crypto withdrawals are charged at a dynamic blockchain network fee instead, so the amount depends on the network at the time. Added to the 0.5% taker fee, that shapes the cost of moving funds off the platform.

Foxbit lists the Comissao de Valores Mobiliarios as a registered and authorised electronic participatory investment platform. It also lists Banco Central do Brasil VASP authorisation as in process, so the regulatory statuses are not the same.

Deposits in Brazilian reais can be made by card or by bank transfer, and card and bank are the methods listed. The account is custodial, so funds and coins are held by the exchange rather than in a wallet you control, and trading fees apply once the deposit settles.

Foxbit runs an earn programme alongside the custodial exchange account, with listed yields of 1.49% to 10.5% across assets such as ETH, SOL and stablecoins. Staking is one of the listed features, so rewards accrue inside the platform balance rather than a self-custody wallet.

The earn position on ATOM, TIA and DOT runs on a flexible term with no minimum holding period, and assets can be redeemed at any time. Yield is credited only if the position is kept for the minimum period, so an early exit can mean missing the reward.

Foxbit is a custodial centralised exchange, so assets are held by Foxbit Servicos Digitais Ltda rather than in a wallet you control. Custody is custodial and the listed features are custodial and staking.