Foxbit

Foxbit is a Brazilian platform for buying, selling and exchanging crypto assets, serving individuals and companies. It has operated since 2014, and the operating entity is Foxbit Serviços Digitais LTDA. Besides the exchange, it offers OTC, corporate infrastructure and payment acceptance with conversion into reais.

Retail side The fiat currency is BRL, and the payment method named is PIX, the Brazilian instant payment system. Regulatory status has not been checked against a register in the material available.

Corporate services The listed business services are Foxbit OTC, liquidity, FX, Foxbit Pay and crypto-as-a-service. They are aimed at banks, fintechs, FX brokers and international businesses, and the languages of service are Portuguese and English. This makes Foxbit relevant to companies that need to accept crypto and receive reais, or to connect to Brazilian liquidity.

What to confirm Supported assets, fees, limits and verification requirements are not described in the material available. Institutions that need a licence reference should request the registration details of the entity, and ask about settlement times for OTC and FX trades.

Who it suits Brazilian individuals who want to fund an account with PIX, and international companies, banks and brokers that look for a local partner for crypto and FX flows in Brazil.