A free Brazilian Mastercard that spends your crypto, with a lot of unanswered questions attached

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

The Foxbit card is a Mastercard that spends money from your Foxbit account. You load Brazilian reais with Pix, buy crypto if you want to, and then pay in shops, in apps, or at a cash machine. It costs nothing to hold, it works in Apple Pay and Google Pay, and it pays cashback — but only in crypto, and only above a spending threshold.

That is the good half. The other half is what made me stop short of recommending it: the card is offered only to people who are already Foxbit clients and individuals living in Brazil, the issuing bank is not named on the official pages, and a line on the fee page reads “IOF + taxa de câmbio” at 6% without ever saying what it applies to. I went through the card’s own pages carefully, and this is what I found.

Conditions are current as of October 28, 2026.

Who this page is for: if you are outside Brazil, or you do not have a Foxbit account, most of what follows is not about you. Read the eligibility section first and stop there if it does not apply.

Verdict: 5.6 out of 10

My score is 5.6 / 10. That is not a rounding of a 6 and not a rounding of a 5 — it sits in between because the card is genuinely cheap and genuinely convenient for one narrow group of people, while the paperwork around it is thinner than I would like before I recommend someone park money on it.

The card suits Foxbit clients in Brazil who want to spend a crypto balance in reais day to day, and who are comfortable with an exchange holding their money and with a fee page that does not fully explain itself. It does not suit anyone outside Brazil, anyone who wants a card connected to a bank account, or anyone who needs a clear written answer about what a purchase will cost before they make it.

The 8 out of 10 for everyday use is the highest mark here and it is deliberate. Once you have the card, the mechanics are good: it is a Mastercard, it goes into Apple Pay and Google Pay, and cash withdrawal at a domestic ATM is a flat R$ 6.90. The 2 out of 10 for eligibility is the lowest, and it is also deliberate. This is not a card you can apply to from Lagos, Manila or Lisbon. It is a product bolted onto an exchange account that already exists.

Will they give you the card?

They will give it to you if two things are true: you are a Foxbit client, and you are an individual. The card page says the card is “liberado apenas para pessoas físicas” — released only to individuals — and that it goes to Foxbit clients. The word “clients” is the operative one. You cannot walk into this cold; the account comes first.

Everything beyond that is not stated. The card is Brazilian, in reais. That is not me inferring it from the currency: the fee page is in reais, the ATM figure is in reais, the cashback bands are in reais, and the app is Foxbit’s Brazilian app at app.foxbit.com.br. Brazil is the only country the pages describe.

Let me be blunt about the consequence. If you are reading this because a bank card is hard to get where you live — because of a blocked account, a documentation problem, a country list — then this card is very likely not for you. There is no application form open to non-Brazilian residents that I can find, no waiting list, and no “contact us if you are elsewhere” route. The two questions people usually ask first — is Foxbit a bank, and who owns it — both come back to the same answer, and I take those up in the FAQ.

Age is not stated on the card pages. In this category prepaid and debit cards are generally issued to adults, 18 and over, and some issuers set higher limits, so assume you need to be an adult and confirm with Foxbit rather than the other way round.

How to get it

There is no long application form as far as the pages show. Sign-up is free at app.foxbit.com.br, and the card is requested from inside the app with a “Solicitar meu cartão” button. That is the whole flow the card describes.

What it leaves out is roughly as informative as what it includes. The KYC process is not described — what documents you need, how long verification takes, who reviews it. The minimum age is not stated. Delivery is not stated: no shipping time, no shipping cost, no international option, and honestly no confirmation that there is one. So if your question is “how to get Foxbit card”, the honest answer is: open a Brazilian exchange account, verify whatever Foxbit asks for, then request the card in the app and see what the app tells you next.

The card is a Mastercard. Tap, insert and swipe are all mentioned, as is online use. Whether it arrives as a plastic card, a virtual card, or both is not specified, and the page contradicts itself between describing it as prepaid and describing it with a credit function. That inconsistency matters more than it sounds: a prepaid card draws on a balance you loaded, while a credit-type card asks a lender for money. If you are deciding whether you can overdraw, the pages do not give you a straight answer. Plan as if you cannot.

One thing that does affect you early is the account level, because your level sets your limits before you ever touch the card. There are two:

Documents and timing for either level are not stated. Crypto withdrawal limits on a verified account are personalised rather than published.

Fees: what it really costs to hold and spend

Here is the honest table. Every number below is from the card’s own pages.

The two lines I keep coming back to. The 6% line on the fee page is written as “IOF + taxa de câmbio” and the page does not say what it applies to — not crypto, not foreign currency, not card purchases in general. It might be a worst-case illustration, it might be a headline rate, it might be something you pay on a specific transaction type. I cannot tell you which, and neither can the page. In this category, IOF is a Brazilian tax that generally attaches to currency exchange and to card transactions abroad, so my guess would be foreign spending and conversion — but a guess is not a fact, and you should ask Foxbit directly before you rely on the number.

The FX fee is separately marked as not stated. The conversion fee for turning crypto into reais is charged, but the values sit on a separate /taxas-e-limites table rather than on the page. The card page does at least point you there, which is more than silence.

Now, three everyday payments, and what I think lands on each.

A R$ 40 lunch in a Brazilian café. Card currency is BRL, so a domestic purchase in reais is the plainest case there is. Paying in BRL is possible without cashback, and the conversion fee only comes into play if your balance is crypto and the card converts it. If you are paying in reais from a reais balance, the lines that could bite you are the 6% and anything in that unmapped table. Neither is explained on the page. My advice: make one small test purchase and check the app’s own record of it before you do anything larger.

A R$ 120 online subscription paid from your crypto. This is where the crypto side engages. Crypto transactions are 0.0% — though the page cautions that the final price may vary with liquidity, which is crypto-market language for “it moves”. The conversion into BRL is charged, at a rate not published on the page. And cashback: only purchases paid in crypto earn any, credited in the same crypto to your Foxbit wallet.

A R$ 200 withdrawal at a domestic ATM. R$ 6.90, flat, at Cirrus and Caixa 24-hour machines. That is the one line I can quote without a caveat. What I cannot tell you is the card’s own spending or transaction limits, because the page states none beyond the cashback bands — so whether a large purchase or a run of withdrawals would be declined is something you find out by doing it.

One more thing worth knowing because it is easy to misread: there is no paid tier to upgrade to. It is one card. The bands that do exist are cashback bands, and they are unusually stingy at the bottom — see the next section for why that matters.

How to Top up the card

The mechanism is short: deposit BRL via Pix into Foxbit, buy crypto if you want to, and the balance sits in your Foxbit account for the card to spend. Accepted coins are BTC, ETH, USDT, XRP and ADA, with a default crypto set in the app.

That “if you want to” is doing real work in that sentence, and it is the part I would highlight. You can pay in BRL directly — but not without cashback. So the honest version is: topping up in reais and paying in reais is the simple path, and topping up in reais, converting to crypto, and paying in crypto is the path that earns you something back and puts a conversion fee in between.

Pix is a Brazilian instant payment system. If that name means nothing to you, this card is not going to be usable by you today, and no amount of reading further will change that.

The limits follow your account level, which I put in the table earlier: R$ 5,000 monthly on the simplified account with no crypto transfers at all, and up to R$ 75,000 monthly deposits with R$ 300,000 in BRL withdrawals and personalised crypto withdrawal limits on the verified account. When I looked, the deposit and withdrawal fee table on that page was still loading — it displayed “Carregando taxas…” with no values.

Two gaps worth naming. The networks are not named, so if you hold USDT you cannot tell from these pages which chain to use on a transfer in — and in this category a transfer on the wrong network can be lost outright. And the withdrawal side is not stated for the card balance itself: the menu links to a Pix deposit and withdrawal page without details, and closing the account is not described either. Neither is how to delete a Foxbit account.

Paying with it every day

Everyday use is where this card is at its best, and the mechanics are simple. It is a Mastercard, it works with Apple Pay and Google Pay, and it goes into domestic ATMs at R$ 6.90.

The cashback structure is the thing to understand before you decide it is worth anything, because it is inverted. Cashback applies only to purchases you pay in crypto, and the bands are:

Paid back in the same crypto, into your Foxbit wallet. So if you spend a few hundred reais a month, the card pays you nothing at all — and the difference between the middle and top band is half a percent. Set against a conversion fee whose value the card does not publish, a sub-1% reward is not a reason to route your money through crypto in the first place. It is a rounding error with a currency conversion attached.

Which merchant categories are blocked is not stated, so you cannot tell from the pages whether gambling, adult content or similar are declined. Disputes — what happens when something goes wrong with a purchase — are also not stated. On mobile, the app is on iOS and Android; the App Store Brazil listing for the Foxbit app reads 4.4 out of 5 from about 5.6 thousand ratings, on iPhone iOS 16.0+ and Apple Watch. I did not read the Google Play rating.

What can go wrong

This section is where the score drops, and it is mostly about what the pages leave out.

The issuer is not named. Foxbit’s card page does not name the bank that issues the card or sponsors the BIN. An unofficial source — Startups.com.br, and a LatamFintech article on Pomelo and the Foxbit Card, with no dates shown — points to the Argentine company Pomelo as issuer. Treat that as a third-party claim, not as card fact: Foxbit’s own pages do not confirm it. It matters because when something goes wrong with a card, the bank at the end of the chain is who you file with.

The regulatory status is incomplete. The operating company is Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., CNPJ 21.246.584/0001-50, in Brazil, and it says it will file for Central Bank authorisation as a virtual asset service provider. “Will file” is not “has”. Separately, and importantly for you: crypto balances are not covered by FGC, Brazil’s deposit guarantee fund. Money sitting in a Foxbit account is not a bank deposit and is not protected as one.

Complaints are mostly about the exchange, not the card. On Reclame Aqui the figures are 7.9 out of 10, with 250 complaints between January and June 2026 and 88.1% resolved. The recurring themes are held Pix and BRL withdrawals, difficulty withdrawing bitcoin, and delays changing the account email or losing access to an account. That last theme is worth pausing on. Losing access to an exchange account means losing access to the balance your card spends from. I found no card-specific complaints, and no official incidents of any kind.

A second, much smaller user report reads 2.8 out of 5 on Trustpilot — but only three reviews in total, none in the last twelve months, so treat it as anecdotes rather than a signal. Its two specific reports are an ETH withdrawal refused in October 2025 and an RG not accepted for KYC in February 2022.

What the pages do not tell you about safety. Foxbit’s own line is that “A Foxbit nunca pede senha ou código 2FA” — it never asks for your password or 2FA code. That is genuinely good to have stated. But card freeze, card controls and spending limits are not described, so the everyday tools you would use to limit damage on a lost or compromised card are not documented. Official news pages add nothing beyond the planned authorisation filing.

One structural point that applies to every card in this category and to this one in particular: Visa and Mastercard do not issue crypto cards to consumers themselves. They license issuers, and they can suspend a programme — which is exactly what happened with FTX’s US debit card in November 2022. So the network logo on your card tells you the payments will route, not that the programme behind it will last.

What to take instead

Three alternatives came up in this review, and the comparison is worth reading carefully — because it shows how thin the published information is across this whole category, not just on Foxbit’s pages.

Bybit Card is the one to look at first, and it scores 6.0 because it publishes. Card regions named in the help centre are Argentina, AIFC (Kazakhstan), Georgia, Kazakhstan, Australia, Mexico, Brazil, Peru and Asia Pacific; the application asks for country of residence and unsupported countries are told the interest will be registered. The cards page states plainly that the product is not meant for European Economic Area customers and that EEA participation is strictly prohibited. Bybit’s restricted list for its fiat services includes Belarus, the Russian Federation, Serbia, China and the United States, with Russian users able to make only RUB fiat transactions. No card-specific statement on Russian or Belarusian citizens, and no rule distinguishing citizenship from residence, was found.

The detail is unusually good. Virtual and physical cards exist, with the physical card not available in Peru and rollout in phases. Networks are named per region — Mastercard prepaid in Argentina, Mastercard credit in AIFC, Georgia, Kazakhstan, Australia and Mexico, Visa prepaid in Brazil and Peru, Visa credit in Asia Pacific. Card currency follows the country: USD for AIFC, Georgia, Kazakhstan, Australia and Asia Pacific, ARS, MXN, BRL, and PEN or USD for Peru. Validity ranges from three to six years. Virtual issuance is free “until further notice” with no annual fee; physical issuance is 29.99 USD in Australia, 5 USD or USDT in Argentina, 29.99 USDT in Georgia, Kazakhstan and Asia Pacific, and free in Brazil and Mexico. Conversion runs 0.9% over the One-Click Sell rate in most regions, 0.5% in Argentina, with FX of 2% on top of the network rate in most places, 7% in Argentina, 1.5% in Brazil, 1% in Peru. Rewards go from Base at 2.00% up to Infinite at 10%, but only crypto-funded transactions count from 5 October 2026, and points sit pending for four calendar days.

Read that list next to Foxbit’s and the gap is obvious: Bybit tells you the network, the currency, the fee and the band. Foxbit’s pages tell you most of that in one currency and one country.

MSX scores highest here at 6.4, and I want to be honest about why: not because it publishes, but because I could read almost nothing on its official pages. Who can get it, what the card is, what it costs, how you fund it, what it rewards — all not stated officially. A high score earned on silence is not something I would build a decision on.

Young Card sits at 5.7. Eligibility, card type and fees are not stated officially. Its one published feature is cashback paid in YNG tokens, varying by Club tier: Essential 0.1%, Gold 1.8%, Platinum 3.6%, with Bronze and Silver not stated. Paying rewards in the platform’s own token is a bet on that token, not a discount.

If Foxbit does not apply to you — and for most readers outside Brazil it does not — then none of this is your decision, and you should read the criteria section of this page as the whole answer.

Who I would recommend it to

I would recommend the Foxbit card to one kind of person: someone in Brazil who already holds a Foxbit account, already transacts in crypto, and wants to turn that balance into ordinary spending without thinking about it. For that person the card is free to hold, works in the two mobile wallets everyone uses, and costs a flat R$ 6.90 to pull cash out. That is a good deal and I can say so without hesitation.

I would not recommend it to anyone who wants a card attached to a bank account, because the pages never settle whether it is prepaid or credit, and never state a spending limit. I would not recommend it to anyone whose money depends on deposit protection, because crypto balances are explicitly not covered by FGC. And I would not recommend it to anyone outside Brazil, because it is not offered there.

Before you commit, I would ask Foxbit three questions in writing and keep the answers. What exactly does the 6% “IOF + taxa de câmbio” line apply to? Which bank issues the card and sponsors the BIN? What are the card’s spending and transaction limits? Those are not unreasonable questions, and the answers belong in your file rather than in a stranger’s review.

Frequently asked questions

What is the Foxbit card?

It is a Mastercard that spends from your Foxbit account balance rather than from a bank account. You deposit Brazilian reais via Pix, optionally buy crypto, and then pay in shops, online, or at a domestic ATM. The card is denominated in BRL and is aimed at individuals. It carries no issuance fee, no annual fee and no monthly fee, and works with Apple Pay and Google Pay. It is not the same thing as a Foxbit exchange account.

How does the Foxbit card work?

The card draws on money in your Foxbit account. Pay in reais and you simply spend your loaded balance, but you earn no cashback that way. Pay in crypto and the card converts it to BRL at the time of payment, a conversion fee applies, and cashback is credited in the same crypto to your wallet. The card therefore behaves more like a prepaid card than a debit card, and you should not expect to overdraw it.

Who can actually get the Foxbit card?

Only individuals who are already Foxbit clients, in Brazil. The card page says the card is released only to natural persons and to Foxbit clients, so there is no route to apply without an existing account. No other country is named on the official pages, and the minimum age is not stated. If you are not a Brazilian resident with a Foxbit account, this card is not available to you.

Is Foxbit a bank?

No, and the distinction matters. Foxbit operates as 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 — an intention, not a completed authorisation. The issuing bank for the card is not named on the official pages. Crypto balances held with Foxbit are not covered by FGC.

Does the Foxbit card require KYC?

In practice yes, because you need a Foxbit account first, and exchange accounts are identity-checked by law. What the card pages do not tell you is the specific process: which documents, how long review takes, and how the card request interacts with your account level. Foxbit has two levels — a simplified one capped at R$ 5,000 monthly with no crypto transfers, and a verified one allowing up to R$ 75,000 monthly deposits and R$ 300,000 in BRL withdrawals.

How do I top up the Foxbit card?

You deposit BRL into Foxbit by Pix, then buy crypto if you want the card to pay from crypto. Accepted coins are BTC, ETH, USDT, XRP and ADA, with a default coin set in the app. The networks to use for a crypto transfer in are not named, so check before sending. Account limits apply: R$ 5,000 monthly on a simplified account, up to R$ 75,000 monthly deposits on a verified one.

Is the Foxbit card free?

Holding it is: issuance is free and the annual and monthly fees are both R$ 0.00. Crypto transactions are listed at 0.0%, though the page warns the final price may vary with liquidity. Domestic ATM withdrawals cost R$ 6.90. What is not free is unclear: a 6% “IOF + taxa de câmbio” line appears without saying what it applies to, and crypto-to-BRL conversion is charged at rates published only on a separate fees page.

Where can I use the Foxbit card, and does it work in Apple Pay?

Because it is a Mastercard denominated in Brazilian reais, it is built for use in Brazil — in shops, online, and at Cirrus and Caixa 24-hour ATMs for a flat R$ 6.90. It is compatible with Apple Pay and Google Pay. Outside Brazil, the pages say nothing about acceptance, fees or whether the card may be blocked, so treat foreign spending as unverified. The category risk applies generally: a foreign-issued card can also be declined by some merchants.

Is the Foxbit card safe?

Partly, and I would not call it a safe deposit. Foxbit states clearly that it never asks for your password or 2FA code, which is worth having in writing. But card freeze, card controls and spending limits are not described, crypto balances are not covered by FGC, and exchange-level complaints between January and June 2026 included held withdrawals and lost account access. Losing access to the account means losing access to the money the card spends.

Is the Foxbit card worth it?

For high monthly crypto spend, marginally: over R$ 3,000 a month pays 1% cashback in the same crypto, with 0.5% from R$ 1,000. Below R$ 1,000 it pays nothing at all. Against that sits a conversion fee whose rate the card does not publish on its main page. If you already spend from that balance anyway, take it; if the cashback is the reason to convert, I would not, and I would look at an alternative that publishes its fee table in full.

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