A free Mastercard that spends your crypto — for Brazilian Foxbit clients only

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

The Foxbit card is a Mastercard that Brazilian Foxbit clients use to spend a crypto balance in reais: you load the Foxbit account, the card converts crypto to BRL, and Mastercard takes it from there. Issuance is free, the annual and monthly fees are R$ 0.00, crypto transactions are listed at 0.0%, and you get cashback in the same coin you spent — but only on purchases actually paid in crypto. On my scorecard it lands at 5.6 out of 10. It is a well-shaped everyday card for one specific person, and a poor fit for almost everyone else.

The conditions described below are current as of October 28, 2026 (research checked 2026-10-20).

Verdict: 5.6 out of 10, and the reason is eligibility, not quality

If you already hold a Foxbit account as an individual in Brazil and want a Mastercard that spends your crypto balance in shops, Apple Pay and Google Pay, the Foxbit card is genuinely usable and costs nothing to hold. The reasons for the mark are all about who can get it and how much is left unsaid, not about whether the card works.

Let me walk you through the marks, because a single number hides more than it shows.

The 2 out of 10 on eligibility is the number to sit with. This is not a card you can apply to from anywhere in the world. The card page says it is released only for individuals — “liberado apenas para pessoas físicas” — who are already Foxbit clients. No other country is named anywhere in the official material. If you are reading this in Europe, in Asia, in Africa or in North America, the honest answer is that this is not available to you, and no amount of reading the terms will change that.

The 8 out of 10 on everyday use is the opposite story. Once you are inside the eligible group, the day-to-day shape is good: a Mastercard, Apple Pay and Google Pay, cash that works, no monthly charge. That gap between 2 and 8 is the whole story of this card — excellent for the narrow group it was built for, invisible to everyone else.

Before you read on, one warning about the cashback, because it is the detail most likely to disappoint. Cashback applies only when you pay in crypto. The card page says you can also pay in BRL, and that doing so works — but earns no cashback. The bands are 0% up to R$ 999.99 a month, 0.5% from R$ 1,000 to R$ 2,999.99, and 1% above R$ 3,000. So the maximum back you can earn is 1%, not 5%, not 10%, and it requires you to hold over R$ 3,000 of monthly crypto-funded spending. That is a real reward. It is also a modest one, and I would rather you knew the ceiling before you started than after three months of paying for coffee.

Who they will give the card to

Two conditions, and both are hard gates.

The first is that you must already be a Foxbit client. The card is an add-on to an exchange account, not a standalone financial product. If you do not have a Foxbit account, there is nothing to attach the card to, and the card page gives no path for a new customer who wants only the card.

The second is that you must be an individual. “Liberado apenas para pessoas físicas” — individuals only. Companies and legal entities are outside the stated scope.

That is the entire stated eligibility rule. There is no statement about age, no statement about residence beyond the Brazilian framing, no statement about minimum holding, no statement about how long your exchange account must have existed. Where the card’s public pages are silent, I say so rather than guess — and here they are silent on nearly everything.

You may also have run into a version of Foxbit’s account tiers, because they decide how much money you can move even before the card exists. There are two. A simplified account carries a R$ 5,000 monthly BRL limit and does not allow crypto transfers. 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 per person. The documents you need and how long verification takes are not stated. If you intend to move serious money through the card, that second tier is the one that matters, and you will want to know what documents it demands before you commit.

One practical note: because the card spends a balance that sits inside your exchange account, your access to the card and your access to your money are the same question. That is worth holding in mind when you read the risks section below.

How to get it

The route the card describes is short, and short routes sometimes mean the details were left out.

You sign up for free at app.foxbit.com.br, then request the card through “Solicitar meu cartão” inside the app. That is the whole described process.

What is not described is at least as important as what is. The KYC process is not described on the card page — no list of documents, no timing, no explanation of how it differs from the exchange’s own verification. The minimum age is not stated. Delivery is not stated: I could not find whether the card is physical or virtual, how it arrives, or how long it takes. The card page mentions tapping, inserting, swiping and online payments, which implies the usual methods, but it never commits to a plastic card being posted to anyone.

If a card you were expecting never arrives, there is no published delivery estimate to measure it against. That is a real annoyance in a market where a competitor’s cards come with a visible validity period.

The card itself is a Mastercard, denominated in BRL. One thing you will notice if you read closely: the page is inconsistent about whether this is a prepaid card or something with a credit function. The description leans prepaid, the balance model is clearly prepaid, but the wording is not clean. Treat it as prepaid — that is how it behaves — and do not build any plan around extending credit.

Fees: what it really costs, and where the numbers stop

The headline numbers are genuinely good, and I want to be fair about that before I turn to the caveats.

Issuance is free. The annual fee is R$ 0.00. The monthly fee is R$ 0.00. Crypto transactions are listed at 0.0%, with a note that the final price may vary with liquidity. That is a card you can hold without it costing you anything simply to exist, which is more than most cards in this category manage.

Now the table, and then the parts I could not fill in.

Three things in that table deserve your attention, and one of them is a genuine gap rather than a cost.

The first is the conversion fee. Every crypto purchase you make with this card involves converting crypto to BRL, and that conversion is charged at a rate the card page does not publish — it points to a separate fee table at /taxas-e-limites instead. So the real cost of a coffee bought with bitcoin is not 0.0%; it is 0.0% plus a conversion fee whose size you cannot see on the card’s own page. That is not a hidden scam, it is a published-elsewhere number, but you should look it up before you start spending heavily rather than assuming.

The second is the 6% line reading “IOF + taxa de câmbio” — IOF plus exchange tax. The page states 6% but does not state what it applies to. It may be the cost of buying crypto with BRL, or of converting, or of some combination. Until Foxbit spells that out, treat 6% as a figure you should ask about, because 6% is large enough to change your mind about how you use the card.

The third is that there are no paid tiers. Single card, nothing to upgrade to. That is simple, and it also means the rewards ceiling is fixed at 1% with no path to more.

Where does this leave an ordinary purchase? Take a R$ 40 lunch paid in crypto: no issuance cost, no monthly cost, no crypto transaction fee of 0.0%, plus a conversion fee at an unpublished rate, plus cashback of 0% until your monthly crypto-funded spending passes R$ 999.99. A R$ 60 supermarket shop after a busy month, with R$ 1,500 in crypto-funded spending so far: still no card cost, still the same conversion fee, and now 0.5% back in whatever coin you spent. A cash withdrawal at a Cirrus or Caixa 24hrs machine: R$ 6.90, plus whatever else the fee table lists, which the page says includes IOF.

Top up: it runs through Pix, then through crypto

There is no direct top-up of the card. What actually happens is that you top up your Foxbit account and the card spends from it.

The flow is: deposit BRL via Pix, then buy crypto, and the balance sits in your Foxbit account. The accepted coins are BTC, ETH, USDT, XRP and ADA. You set your default crypto in the app, and the card converts that coin to BRL when you pay.

Here is the point that trips people up, and I would rather flag it than have you discover it at a checkout. You *can* pay in BRL directly — the card page says so — but a BRL payment earns no cashback. The reward only exists on the crypto path. So the choice is not “crypto or bank card”; it is “spend your crypto balance and earn up to 1%, or spend the BRL sitting in the account and earn nothing”. People who expected cashback on ordinary purchases usually found this out late.

The deposit and withdrawal limits come from your account tier, and I covered those numbers in the eligibility section: R$ 5,000 a month on a simplified account with no crypto transfers, up to R$ 75,000 in deposits and R$ 300,000 in BRL withdrawals on a verified one, with crypto withdrawal limits personalised.

Two omissions matter here. Networks are not named — the card page lists the five supported coins but not which blockchain each is transferred on, and in this category the network is not a detail, because sending on the wrong one can lose the funds outright. And when I looked at the deposit and withdrawal fee table, it showed “Carregando taxas…” — loading fees — with no values. So the cost of moving money in and out was not readable.

Withdrawing back out is also thin. The card page links to a Pix deposit and withdrawal page without giving details, and card-balance withdrawal is not stated at all. Closing an account is not described either.

Paying with it every day

This is the part the card does well, and it does well in the ordinary, unglamorous ways that decide whether a card stays in your wallet.

It is a Mastercard, so the acceptance you expect from a mainstream card is there. It works with Apple Pay and Google Pay, which for most people is how a card actually gets used day to day — you tap a terminal instead of handling plastic. And you can take cash out at domestic ATMs: Cirrus and Caixa 24hrs machines, at R$ 6.90 a withdrawal.

Cashback, again, only on crypto-funded purchases. Up to R$ 999.99 of monthly crypto spend: 0%. R$ 1,000 to R$ 2,999.99: 0.5%. Above R$ 3,000: 1%. It is credited in the same crypto you spent, back to the Foxbit wallet — not as reais, and not as a credit on the card. If you spend in ETH, you are paid in ETH, and you are exposed to whatever ETH does next. That is a design choice, and a defensible one, but it means the reward is not a discount in pocket money; it is more of the same asset.

The app is on iOS and Android. On the Brazilian App Store, the Foxbit app read 4.4 out of 5 from about 5.6 thousand ratings on 20 October 2026, with iPhone support for iOS 16.0 and above and Apple Watch. The Google Play rating I did not read, so I will not invent one.

What is not stated in daily use: which merchant categories are blocked. There is no published list of blocked categories on the card page, so you cannot check beforehand whether gambling, fuel, travel or whatever else you care about will work. Nor is anything stated about disputed transactions — no chargeback process, no timeframe, no explanation of what happens when a merchant takes the money and gives you nothing. For a card you might use abroad or on higher-value purchases, that silence is worth noticing.

What can go wrong

Let me take the worst of it first, then the parts that are merely untidy.

Foxbit is not a bank, and it says so. The legal entity behind the card is Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., CNPJ 21.246.584/0001-50, in Brazil. The page states that it intends to file for Central Bank authorisation as a PSAV — a virtual asset service provider — so that authorisation is still a plan, not a fact. The card’s issuing institution and BIN sponsor are not named on the official page. Third-party sources report the issuer as the Argentine company Pomelo, but that is unofficial and not confirmed by the card. And the page states plainly that crypto balances are not covered by FGC, Brazil’s deposit guarantee scheme. Money in a crypto balance is not a bank deposit and does not behave like one.

The complaints are about money coming out, not about the card. On Reclame Aqui, a user-facing complaint platform, the reported rating is 7.9 out of 10 with 250 complaints between January and June 2026, of which 88.1% were resolved. The themes that recur: Pix and BRL withdrawals being held, difficulty withdrawing bitcoin, delays on account email changes and lost account access. Notably, I found no card-specific complaints in that body of feedback. A smaller, unofficial user report on Trustpilot reads 2.8 out of 5 — but on only three reviews, none in the last 12 months, one of them from October 2025 about a refused ETH withdrawal and one from February 2022 about an RG not being accepted for KYC. Three reviews is not a signal, and I would not let it outweigh the 250. No official incidents were found.

The pattern in both datasets is the same, and it is the thing to sit with: the complaints cluster around withdrawals and access, not around spending. You are not likely to have trouble paying for a coffee. You may have trouble getting money out.

Everything about recovery is missing. The page states that Foxbit never asks for a password or a 2FA code — worth knowing, and the sort of line that helps you spot a phishing attempt. But card freeze, spending controls, and card-level security features are not described. If the card goes missing, there is no documented self-service path to block it. There is no documented route to dispute a transaction. There is no documented account closure process. When a platform’s documentation is thin on exactly the procedures you need in a crisis, that is a practical risk regardless of how good the company is.

Category-level risks worth understanding. A crypto card’s funds ultimately sit with a custodian or an issuer, and history in this sector is not reassuring: Mt. Gox (about US$ 350 million reported stolen, 2011–2014), Coincheck (about US$ 400 million, 2018), Ronin Network (US$ 625 million, 2022). Card programmes themselves get shut down — Visa terminated its global agreements with FTX on 13 November 2022, and WaveCrest, a card issuer that supplied crypto brands, was suspended by Visa in Europe in 2018, closing all its Visa programmes. When a programme closes, the usual sequence is a notice period, then loading and spending stop, then users are asked to withdraw what is left. I am not predicting that here; I am telling you that the closure scenario is a normal event in this category and that the card’s own terms on the subject are not stated.

One practical acceptance issue to know about, because it is the kind of thing that puzzles people: a merchant can look up the card’s BIN — the first six or eight digits — and see which institution and country issued it. If that country differs from your billing address, the merchant may apply extra scrutiny, and some merchants decline prepaid or foreign BINs as a matter of policy. This is why a card issued in one country can look “foreign” to a shop in another. Also expect the ordinary: a declined authorisation can leave a hold on your funds for several days, typically up to seven.

What to take instead

The honest framing: the alternatives here are not better cards. They are cards with wider eligibility or more published detail, which is a different kind of advantage.

MSX scores 6.4 out of 10 on my scale, above Foxbit’s 5.6. But I could read almost nothing official about it. Who can get it: not stated on an official page I could read. Card type: not stated officially. Costs: not stated. Fees: not stated. Funding: not stated. Rewards: not stated. A high score on thin information is a warning, not a recommendation — I would not move to MSX on the strength of a number with nothing behind it.

Bybit Card scores 6.0 out of 10, and here there is real substance. Eligibility is the widest of the three: the official help centre lists Argentina, AIFC (Kazakhstan), Georgia, Kazakhstan, Australia, Mexico, Brazil, Peru and Asia Pacific. The application asks your country of residence, and if the country is unsupported Bybit will register your interest rather than refuse you outright. One line is worth reading carefully: the cards page says the product is not meant for European Economic Area customers and that all EEA participation is strictly prohibited. The card currency depends on your country, and the network varies by region — Mastercard prepaid in Argentina, Mastercard credit card in AIFC, Georgia, Kazakhstan, Australia and Mexico as written in their table, Visa prepaid in Brazil and Peru, Visa credit in Asia Pacific. Validity runs 3 years in AIFC, Georgia, Kazakhstan, Asia Pacific and Australia; 6 years in Argentina; 5 years in Brazil, Mexico and Peru.

If you are not Brazilian, or if you want a rewards ceiling above 1%, Bybit is the more interesting of the two — at the cost of a conversion fee where Foxbit lists 0.0% and an FX fee Foxbit does not disclose. If you are Brazilian and already on Foxbit, the comparison does not really apply.

MEXC scores 5.6 out of 10 — identical to Foxbit, for a different mix of strengths. Its page lists “The Philippines, Taiwan, Thailand…” behind a Details link, so eligibility is wider across Asia. But it is virtual card only; physical cards are not yet available. Issuance is 20 USD, the page shows it next to a possibly-discounted 0 USD price and it is unclear which applies, service fee is 0%, and the monthly fee is not stated. Funding is USDT transferred to the Fiat account and then added on the My MEXC Card page, with networks not stated. Cashback runs by M-Score tier: Standard 4% capped at 100 USDT a month, Premier (600–799) 6% capped at 300, Elite (800+) 10% capped at 800.

MEXC’s 4–10% bands are much more generous than Foxbit’s 0.5–1%. Its 20 USD issuance and virtual-only format are the price. If you are in the Philippines, Taiwan or Thailand and you can tolerate a virtual card, MEXC is worth a look for the rewards; if you want plastic in a Brazilian supermarket, it is not.

Who I would recommend it to

I would recommend the Foxbit card to exactly one person: an individual in Brazil who already uses the Foxbit exchange, holds crypto there, and wants to spend it in ordinary shops without thinking about it. For that person it is a good card — free to hold, Mastercard, Apple Pay and Google Pay, cashback in the coin you already hold, and a 0.0% listed crypto transaction fee. If that is you, the caveats below are worth knowing but they do not change the recommendation.

I would not recommend it to you if you are outside Brazil, because you cannot get it. I would not recommend it if you are a company or a legal entity, because it is individuals only. I would not recommend it if your plan is to earn meaningful cashback, because 1% is the ceiling and you only reach it above R$ 3,000 of monthly crypto-funded spend. I would not recommend it as your only route to spending your balance if you can withdraw to a bank account more cheaply, because the 6% “IOF + taxa de câmbio” line is unexplained and 6% is not small. And I would not recommend it as your only card, because the card page documents no freeze procedure, no spending controls and no dispute process, and the complaint themes on the exchange itself are about withdrawals and access.

The single question I would put to you before anything else: do you already have a Foxbit account as an individual in Brazil? If not, stop reading and look at Bybit. If yes, the card is a reasonable companion to it — just fund it through Pix, spend in crypto for the cashback, and keep enough balance elsewhere that a withdrawal freeze does not strand you.

Frequently asked questions

What is the Foxbit card?

The Foxbit card is a Mastercard that spends a balance held inside your Foxbit exchange account. You deposit Brazilian reais through Pix, buy crypto with them, and the card converts that crypto to BRL when you pay. It is a prepaid-style card in BRL, offered to individuals who are already Foxbit clients in Brazil. Issuance is free, and the annual and monthly fees are both R$ 0.00.

How do I get the Foxbit card?

You sign up free at app.foxbit.com.br and then request the card inside the app through “Solicitar meu cartão”. That is the entire documented route. The KYC process is not described on the card page, the minimum age is not stated, and delivery is not stated either — so you cannot tell from the page whether the card is physical or virtual, or how long it takes to arrive.

Is Foxbit a bank?

No, and the card page is straightforward about it. The entity is Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., CNPJ 21.246.584/0001-50, and it states it intends to file for Central Bank authorisation as a virtual asset service provider — a plan, not a completed licence. The card’s issuing institution is not named officially, and crypto balances are not covered by FGC, Brazil’s deposit guarantee scheme.

Can I use the Foxbit card outside Brazil?

You can only get the card if you are Brazilian, so this is mostly hypothetical — but yes, it is a Mastercard, and card transactions abroad will be affected by things the page does not disclose: the FX fee is not stated, and a line reading “IOF + taxa de câmbio” 6% appears on the fee page without saying what it covers. Merchants may also scrutinise a foreign-issued BIN or decline a prepaid card outright.

Is the Foxbit card free?

Issuance is free, the annual fee is R$ 0.00 and the monthly fee is R$ 0.00, so holding it costs nothing. Spending is not free in practice: converting crypto to BRL applies a fee whose value is not published on the card page, crypto transactions are listed at 0.0% subject to liquidity, the unexplained 6% line applies, and a domestic ATM withdrawal costs R$ 6.90. There are no paid tiers.

Does the Foxbit card require KYC?

Unclear from the card page, which does not describe the KYC process at all. The exchange has two account levels: a simplified one limited to R$ 5,000 a month in BRL with no crypto transfers, and a verified one allowing up to R$ 75,000 in deposits and R$ 300,000 in BRL withdrawals with personalised crypto limits. Documents and processing times are not stated for either.

How do I top up the Foxbit card?

There is no direct top-up. You deposit BRL via Pix into your Foxbit account, buy crypto with it, and the card spends that balance. Supported coins are BTC, ETH, USDT, XRP and ADA, and you choose the default in the app. The page does not name which networks those coins transfer on, which matters because sending on an unsupported network can lose funds.

How much cashback does the Foxbit card give?

Up to 1%, and only on purchases paid in crypto. Spend up to R$ 999.99 a month and you get 0%; R$ 1,000 to R$ 2,999.99 gives 0.5%; above R$ 3,000 gives 1%. Cashback arrives in the same coin you spent, back in your Foxbit wallet. Paying in BRL works but earns nothing, which surprises people who expected a reward on every purchase.

Is the Foxbit card safe?

Read it as a crypto platform product, not a bank card. Crypto balances are not covered by FGC, the issuing institution is not named officially, and the card page documents no freeze, no spending limits and no dispute process. The exchange’s own complaint record is better than its worst detractors suggest — 7.9 out of 10 on Reclame Aqui with 88.1% of 250 complaints resolved — but the recurring themes are held withdrawals and account access, not card spending.

Can I add the Foxbit card to Apple Wallet?

Apple Pay is supported, alongside Google Pay, so yes. Adding the card tokenises it to your device rather than storing your card number in the cloud, which is the safer of the two ways to carry a card. Note that how to activate the card in the wallet is not documented on the card page, and that 3-D Secure steps may apply to online payments. Cashback still only applies when the purchase is funded from crypto.

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