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Foxbit Review

13

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Average

Revainrating 3.5 out of 5  
Rating 
3.5
Crypto Exchanges

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Description of Foxbit

Foxbit is a bitcoin and cryptocurrency company headquartered in São Paulo, it aims to revolutionize the financial market.

Reviews

Global ratings 13
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Type of review

Foxbit is a computerized trading that can buy and sell Bitcoin. Bitcoin allows you to quickly access Brazilian money to buy. Similarly, Venezuela recognizes different types of money from different countries such as Bolivar, Chilean peso, Vienna dong and Pakistani rupee. The plan is very simple for both newborns and professionals to use. Trading is usually convenient for Brazilian customers who need to trade Bitcoin quickly with a 0% store price against Brazilian currency. Their capabilities…

Pros
  • Bitcoin exchange aimed at Brazil.
  • The level of security is extremely high.
  • Easy to use
Cons
  • There is currently a deposit issue.
  • Less information about the platform

Revainrating 3 out of 5

Brazilian simple exchange

Foxbit is a digital exchange where we can buy and sell Bitcoin. It allows quick access of the Brazilian currency for the purchase of Bitcoin. It also accepts other currencies from other countries where it is found up to the Venezuelan bolivar, the Chilean peso, the Vienamite dong and the Pakistani rupee. The design it has is quite simple for use by both beginners and experts. For many users it will be a pleasure to take it into account because there is no wide visual chaos that shakes people's…

Pros
  • Bitcoin exchange that focuses on the country of Brazil.
  • Accept deposits in fiat money.
Cons
  • High commissions to negotiate.

Revainrating 2 out of 5

Is Foxbit an active exchange?

The platform is planned on deftness, straightforwardness, and security. The exchange is most appropriate to Brazil based clients who need to exchange Bitcoin rapidly on a 0% store expense against the Brazilian cash. Their functions are limited and they just offer Bitcoin exchanging. The main certainty is that they have moderate client care, which will in general negatively affect their reputation. They guarantee to offer a ton of straightforwardness yet for the second there is almost no…

Pros
  • It is definitely not hard to use and offers an ideal and fundamental UI.
  • This exchange is called the exchange with the most essential liquidity in the Brazilian market.
  • Security levels are extraordinarily high.
Cons
  • You must complete KYC to withdraw.
  • The customer support team takes a lot of time to respond.
  • Currently there is a problem with the deposit.
  • Currently new registrations are closed.
  • Their presence on Twitter has not been noticed since July this year.

Revainrating 3 out of 5

Foxbit

Foxbit It is a platform of high standards in Brazil since it is one of those in charge of exchanging or changing cryptocurrencies to its native currency, which is the Brazilian real, this platform has multiple Positive features such as optimal exchange rate in record time compared to other platforms. In addition to having an optimal interface and very easy to use, it also has a very good design to make it even easier to understand for new users in the cryptocurrency market. It is a platform tha

Pros
  • Excellent services
  • Easy to use
  • Low rates
Cons
  • Little information about the platform

Revainrating 3 out of 5

Foxbit

It is one of the Brazilian platforms where they can change their cryptocurrencies to Brazilian reals. This platform has great security to protect the personal data of its users since it has multiple ways to verify the account without having to enter personal data. in addition to being able to receive cryptocurrencies in the same way as well as being in charge of carrying out the exchange operations in multiple cryptocurrencies since it has a very good list of assets among which are bitcoin…

Pros
  • Easy to use
  • Transaction security
  • Low rates
Cons
  • none

Revainrating 4 out of 5

Foxbit

FoxBit is an exchange that maintains its main headquarters in Brazil and is in charge of changing and transferring the assets of the users, in it the users will also be able to send and receive cryptocurrency in an easy and safe way, this wallet has the characteristic of having different technologies of security to keep user information completely anonymous, users can also have secret passwords, two-factor authentication and a QR code to keep all information completely anonymous. This wallet…

Pros
  • It is a Brazilian exchange one of the most important in the country.
  • It has low rates on commissions.
  • It is a completely decentralized platform.
Cons
  • No comment so far.

Revainrating 4 out of 5

Something to FoxBit

Foxbit is a small Brazilian exchange that allows the purchase and sale of Bitcoin and other cryptocurrencies. This exchange offers a quick registration. It also offers deposits on available and Real cryptocurrencies. The deposit minimums are considered good, since in Real it is 20, in Bitcoin it is 0.0005, Litecoin 0.0005, Ethereum 0.0005, TrueUSD 1 and XRP 1. Similarly withdrawals. Ranging from 0.003BTC to 0.0005 LTC, depending on the selected withdrawal method. Transaction fees are rela

Pros
  • Accept an acceptable amount of cryptocurrencies. Considering that it is an exchange only for Brazilian citizens
  • Low rates
  • Stable security with 2FA.
  • Mobile app
Cons
  • Only available in Brazil

Foxbit this is a cryptocurrency platform where its main use is for the Brazilian community, this is a platform to exchange Bitcoin, since this platform was launched in the digital world it was very successful so much that it was one of the first to commercialize cryptocurrencies In Brazil, it has a linked network called BlinkTrade. This allows the platform to have users in other countries so that other users can trade on it. Its interest rates for transactions are very expensive, but this does…

Pros
  • Very effective and fast transaction liquidity
  • Optimized interface for all your audience
  • Competitive security
Cons
  • interest rates a little high

Revainrating 4 out of 5

Foxbit

Foxbit this is a cryptocurrency exchange platform especially for the Brazilian community, since its inception there were a large number of people who commercialized it and since that time it was one of the most used in the world of Cryptocurrencies to exchange Bitcoin since this is the Most popular in Brazil, this has something very important that allows you to market in other countries by the BlinkTrade network, however this platform provides a very high level of rate although this does not…

Pros
  • accepts deposit in fiat currency
  • very secure
  • good liquidity
  • optimized interface for new users
Cons
  • very high transaction fees

Revainrating 5 out of 5

FoxBit

Foxbit is a Brazilian Company, founded in 2014, for the purpose of supplying the absence of a Bitcoin negotiation platform. Currently, you're the biggest realtor in Latin America. On this platform, you can buy bitcoin with the real Fiat coin, the Real. Security is one of the most important aspects of a broker's choice to negotiate. Foxbit claims he takes security very seriously. The realtor says that about 95% of your clients' bitcoins are stored in no Internet connection. This wallet is…

Pros
  • Security.
  • Reliable.
Cons
  • No negative points so far.

Revainrating 5 out of 5

Exchange platform of liquidity.

FoxBit has come a long way from when it was just a concept.The management team didn’t even meet face to face at first,instead relying on the convenience of social media,specifically facebook,skype and Hangout,to communicate.

Pros
  • Foxbit offers wire transfer as a deposit method.
  • Accepts fiat deposits.
  • No deposit fee.
  • Hot and cold wallet addresses,both of which are transparent.
  • Promotes diversity in the workplace.
Cons
  • No margin trading.
  • Customers accuse it of having no backup servers.
  • Users complain of interface issues.
  • High withdrawal rates.
  • Technology infrastructure issues.

FoxBit is a company that allows Brazilians to enter the world of cryptocurrencies and more specifically the most popular Bitcoin. They are part of the BLINKTRADE network, which also serves other countries. The manufacturer's fees may be a little too high, but that seems justified, given that it is an entry-level company, which does not charge a filing fee. Overall, FoxBit appears to be a credible company. While this may be the case, we feel the need to reiterate the legacy risks associated with

Pros
  • Trading against BRL
  • Brazilian bank transfers supported (free of charge)
  • Investment advice + tutorials
  • External charting available
Cons
  • Only suitable for Brazilians
  • High market taker fees
  • No margin trading
  • No built-in charting

Revainrating 4 out of 5

Foxbit Exchange Review

FoxBit is one of the leading bitcoin exchange in Brazil, boasting about 400,000 users. Its top rivals in the country are Mercado and Bitcambio. Together the trio represents a fractional of a percent of cryptocurrency trading globally, but they should gain scale as the Brazilian bitcoin market grows. The trading platform is based on open-source Blink Trade, which has proven to come back to haunt them. FoxBit claims to have 43% of the Brazilian bitcoin market. FoxBit is not a platform for…

Pros
  • Hot and cold wallet addresses, both of which are transparent
  • Accepts fiat deposits (though only in BRL)
  • Supports SegWit, which leads to lower withdrawal rates
  • Promotes diversity in the workplace
  • Partner with US-based Bitgo, a multi-signature wallet
Cons
  • The exchange argues that most crypto platforms do and that they’re more focused on the backend than the front end. Having said that, FoxBit expects the user interface to improve.
  • No trading tools (e.g. charts, analysis, etc.)
  • Lacks coin diversity
  • DDoS attacks & software issues.
  • Customers accuse it of having no backup servers
  • More demand than they can sometimes handle