[Exchanges](https://revain.org/exchanges/) › Foxbit

# Foxbit: licences, security, fees and reviews

Centralized exchange

## In short

- **Legal entity**: Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., CNPJ 21.246.584/0001-50, Av. dos Autonomistas 2561, Osasco (SP), per the site footer
- **Fees**: Spot maker: 0.25% at the entry tier (0 - BRL 25,000 30-day volume) (as of 31 October 2026)
- **Risks and caveats**: Central-bank authorisation is applied for, not yet granted (company statement as of 31 October 2026).
- **Checked**: 31 October 2026

## Key facts

- **Type**: Centralized exchange
- **Exchange launched**: 2014
- **Country of registration**: Brazil
- **Operator**: Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. (CNPJ 21.246.584/0001-50), Osasco, São Paulo
- **Official site**: [foxbit.com.br](https://foxbit.com.br/)

Key facts checked on 31 October 2026 against official sources.

## What is Foxbit

Foxbit is a Brazilian centralised crypto exchange, operating since 2014 and based in Osasco, São Paulo. It offers an order-book exchange and instant conversion in Brazilian reais, staking (Foxbit Earn), digital-dollar stablecoins, tokenised real-world assets and a crypto card, plus a B2B infrastructure arm (Foxbit Infra). It has applied to Brazil's central bank for authorisation as a virtual-asset service provider.

## Good to know

- Foxbit has filed for central-bank authorisation as a virtual-asset service provider under BCB Resolutions 519, 520 and 521/2025; the filing is not itself an authorisation. [↗](https://foxbit.com.br/)
- Customer crypto is held with external institutional custodians (BitGo, Fireblocks, Bradesco), mostly in cold storage, and segregated from Foxbit's own assets (company statement). [↗](https://foxbit.com.br/)
- Sign-up requires a Brazilian CPF (individuals) and Brazilian identity or migrant documents, so the service is aimed at people in Brazil. [↗](https://foxbit.com.br/termos-de-uso)
- A simplified sign-up allows up to BRL 5,000 a month in real deposits and withdrawals but no crypto deposits or withdrawals until the account is verified. [↗](https://foxbit.com.br/taxas-e-limites)
- If Foxbit permanently discontinues the platform, the terms promise at least one month of operation after the announcement for users to withdraw. [↗](https://foxbit.com.br/termos-de-uso)
- Third-party deposits are not accepted: reais must come from an account in the user's own CPF/CNPJ, otherwise they are returned after five business days. [↗](https://foxbit.com.br/taxas-e-limites)

## Services

| Parameter | Details |
|---|---|
| Spot trading | Order-book trading with maker/taker fees by 30-day volume, plus instant conversion outside the order book. |
| Staking / Earn | Foxbit Earn: rewards on cryptos in staking. |
| Card | Mastercard card spending crypto balances. |
| Fiat deposits | BRL deposits by PIX (24/7) and bank transfer; BRL withdrawals to own bank account are free. |
| OTC | Foxbit Prime Desk for international remittance and large trades; B2B infrastructure via Foxbit Infra. |

## Licences and registrations

| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| Brazil | Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. (CNPJ 21.246.584/0001-50) | Application filed for authorisation as a virtual-asset service provider (PSAV) under Law 14.478/2022 and BCB Resolutions 519-521/2025; pending (company statement) | [Banco Central do Brasil (BCB)](https://foxbit.com.br/compliance) |

## Security and audits

- Custody via BitGo, Fireblocks and Bradesco with segregation from company assets; most assets in offline cold storage (company statement).
- SOC 2 Type II controls and ISO 27701 privacy certification; on-chain transactions monitored with Chainalysis (company statement).
- In March 2018 a duplicate-withdrawal fault (about 130 transactions, 30 BTC) and a corrupted database index took the platform offline for days; Foxbit said it was not a hack.

## Security incidents

| Date | What happened | Source |
|---|---|---|
| 9 March 2018 | Network halt: During maintenance on 9 March 2018 a fault produced duplicate withdrawals in about 130 transactions (30 BTC); fixing it corrupted the database indexes of Foxbit's provider Blinktrade and the platform went offline for several days. Foxbit stated it was not a hack and that funds were held in multi-signature wallets. Funds returned: Foxbit thanked clients who had returned the amounts transferred in excess; no total recovered is stated. | [blog.foxbit.com.br](https://web.archive.org/web/20180321043956id_/https://blog.foxbit.com.br/comunicado-oficial-foxbit/) |

Further incidents are reported by third parties (press, incident databases) but are not confirmed in the company’s own channels, so they are not listed here.

## Fees

| Parameter | Details |
|---|---|
| Spot maker | 0.25% at the entry tier (0 - BRL 25,000 30-day volume) (as of 31 October 2026) |
| Spot taker | 0.50% at the entry tier; falls to 0.05% at the top tiers (as of 31 October 2026) |
| Withdrawals | BRL withdrawals to own bank account free; crypto withdrawal fees depend on the network and can change without notice (as of 31 October 2026) |
| Deposits | Account opening is free; PIX deposits work every day including holidays (as of 31 October 2026) |

## Who can use it

- Verification: Users must be 18 or older; individual sign-up requires full name, date of birth, CPF, an accepted Brazilian ID document, address and a liveness check.
- Accepted ID documents are Brazilian (RG, CIN, CNH) or Brazilian migrant registrations (RNE, RNM), so the service is for people with Brazilian documents.

## History

| Date | Event |
|---|---|
| 2014 | Foxbit is founded as one of Brazil's first crypto exchanges. |
| 9 March 2018 | A duplicate-withdrawal fault and corrupted database indexes take the platform offline for several days. |
| 2019 | Foxbit co-founds ABCripto, the Brazilian crypto industry self-regulation association. |
| 2 February 2026 | Brazil's central-bank rules for virtual-asset service providers take effect; Foxbit files for authorisation within the deadline. |

## Risks and caveats

- Central-bank authorisation is applied for, not yet granted (company statement as of 31 October 2026).
- Custodial exchange: client crypto is held by Foxbit through third-party custodians.
- Crypto withdrawal fees vary by network and can change without prior notice.

## About the company

- **Legal entity**: Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., CNPJ 21.246.584/0001-50, Av. dos Autonomistas 2561, Osasco (SP), per the site footer
- **Name in the terms of use**: The terms of use still name FOXBIT SERVIÇOS DIGITAIS LTDA. with the same CNPJ 21.246.584/0001-50
- **Founded**: 2014
- **Founders**: João Canhada (CEO) and Guto Schiavon (COO) were named as founders in 2018
- **Headquarters**: Osasco, São Paulo, Brazil

## Official links

- Website: [foxbit.com.br](https://foxbit.com.br/)
- Fees: [foxbit.com.br/taxas-e-limites](https://foxbit.com.br/taxas-e-limites)
- Terms of use: [foxbit.com.br/termos-de-uso](https://foxbit.com.br/termos-de-uso)
- Security: [foxbit.com.br/seguranca](https://foxbit.com.br/seguranca)
- Licences: [foxbit.com.br/compliance](https://foxbit.com.br/compliance)
- Status: [status.foxbit.com](https://status.foxbit.com/)
- Blog: [foxbit.com.br/blog](https://foxbit.com.br/blog/)

## Questions and answers

**Is Foxbit regulated?**

Foxbit says it filed for authorisation as a virtual-asset service provider with the Banco Central do Brasil under the rules in force since 2 February 2026; the application is pending.

**What are Foxbit's fees?**

At the entry tier, trading costs 0.25% maker and 0.50% taker; BRL withdrawals to your own bank account are free, and crypto withdrawal fees depend on the network (as of 31 October 2026).

**Who owns Foxbit?**

Foxbit is run by Foxbit Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. (CNPJ 21.246.584/0001-50) in Osasco, São Paulo; João Canhada and Guto Schiavon were named as founders in 2018.

**Was Foxbit hacked?**

In March 2018 a duplicate-withdrawal fault (about 30 BTC) and database corruption took the platform offline for days; Foxbit stated it was not a hack.

**Can I use Foxbit outside Brazil?**

Sign-up requires a CPF and Brazilian ID or migrant documents, so the service is aimed at users in Brazil.

## Sources

- [Foxbit - Home](https://foxbit.com.br/)
- [Foxbit - Quem somos](https://foxbit.com.br/quem-somos)
- [Foxbit - Taxas e limites](https://foxbit.com.br/taxas-e-limites)
- [Foxbit - Termos de uso (October 2026)](https://foxbit.com.br/termos-de-uso)
- [Foxbit - Segurança](https://foxbit.com.br/seguranca)
- [Foxbit - Compliance](https://foxbit.com.br/compliance)
- [Foxbit Blog - Comunicado oficial FoxBit (12 March 2018, Wayback)](https://web.archive.org/web/20180321043956id_/https://blog.foxbit.com.br/comunicado-oficial-foxbit/)

## More in this section

- [Tokocrypto](https://revain.org/exchanges/tokocrypto/)
- [Bit2Me](https://revain.org/exchanges/bit2me/)
- [Coinhouse](https://revain.org/exchanges/coinhouse/)
- [Bitbuy](https://revain.org/exchanges/bitbuy/)
- [ZBX](https://revain.org/exchanges/zbx/)
- [AltCoinTrader](https://revain.org/exchanges/altcoin-trader/)
- [All Exchanges →](https://revain.org/exchanges/)

## How voting works

Votes are anonymous and carry no text. Each device has one vote per item; press the same button again to remove it. Cloudflare Turnstile checks that a person is voting. We keep a random device ID in a cookie and a salted hash of the IP address to limit abuse — no names, no accounts. Votes are visitors’ opinions, not investment advice.

Page updated: 2026-11-01

---
Source: https://revain.org/exchanges/foxbit/