About Foxbit.com.br
Here at Foxbit.com.br, they accept Fiat and BTC deposits. They, however, follow a strict guideline when it comes to depositing money into a verified user’s account. When someone wants to deposit BRL, they need to do make sure that the account comes from TED or DOC to avoid any issues.
Failure to do so will result in the money being sent back plus charges. Bank withdrawals also need to be in line with the banks that Foxbit works with, they currently have accounts in Bradesco, Caixa, Banco does Brasil and Banco Inter. Withdrawals are still able to be carried to banks not listed above, but they charge R$ 9.50 per transaction.
Foxbit.com.br Is a one of the major players in the Brazilian cryptocurrency space. They are a member of the BLINKTRADE network, which also serves clients in Venezuela (SurBitcoin), Chile (ChileBit), Pakistan (Urdubit, which will shut down soon) and Vietnam (VBTC). In essence, FoxBit allows Brazilians access to Bitcoin.
Operating company
| Exchange name | Foxbit.com.br |
| Support | 24/7 |
| Langugae | English |
| Withdraw Fees | N/A |
| Taker Fees | 0.50% |
| Maker Fees | 0.25% |
| Official site | https://foxbit.com.br/ |
How To Start With Foxbit.com.br
To start trading with Foxbit.com.br,Indian residents first have to sign up for an account by following the steps below.
Step 1. Click on the “Login/Signup” link on the top right hand corner of the Foxbit.com.br website.
Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.
Step 3. If you have a referral code, enter the code while creating your account.
Step 4. Submit the form and wait for an activation email to be sent to you.
Step 5. Click on the “confirm email” link in the activation email.
Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Foxbit.com.br account.
Trading Fees
Since Foxbit.com were unable to create an account on the website due to region issues, we did our best to get the numbers that matter. We have provided you guys with the deposit and withdrawal fees below and the limits that a verified and unverified user has. For their trading, they found out that they charge the maker 0.25% which they call “Passive Order” and the taker 0.50% or “Active Order” for Foxbit.
| Account type | Leverage | Maker Fee | Taker Fee |
Deposit Fee
|
| Standard | N/A | 0.25% | 0.50% | Free |
Deposit and Withdrawal Limits
Verified accounts without provided photos have a limit of R$ 5,000 for deposits/withdrawal per day. Accounts that have submitted photo verification requirements can deposit up to R$ 25,000 and withdraw a maximum of R$ 50,000 per day. The website also knows that there are customers that turn into whales that feed the market. If you think your daily limits are not enough, contact their Help Center here and ask for a higher limit.
Pros
- Accepts Fiat deposits
- Brazil-focused BTC exchange
- BLINKTRADE network member
Cons
- Problems with creating account (for people outside BR)
- High trading fees
- Account tiers
Brazilian Bank
Foxbit.com.br Being able to deposit and withdraw Brazilian Real via bank transfer is without a doubt a significant convenience. We didn’t find any information on the support of such functionality for the other fiat currencies on offer.
When it comes to the fees, deposits in BRL are free of charge, while a 1.39% commission is taken from withdrawals with partnering banks. In case your account is with a non-partnered bank, this is increased to 1.39% + R$ 8.95.
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