Foxbit Broker Review
A Brief Overview Of Foxbit
Foxbit is among the big crypto players in Brazil. It is headquartered in Sao Paulo, Brazil with operations in Chile, Venezuela and Vietnam. According to BitValor, Foxbit has the highest liquidity among the exchanges in the Brazilian market.
Their exchange platform is available on the following pillars; Agility, transparency, and security. We, however, noted the exchange is best suitable for the Brazilian clients.
Assets Available Assets and Securities
The only traded pair is that between the Brazilian real and BTC, the pair is offered at 0% deposit fee. Although there multiple other good coins, Foxbit does not provide the variety.
Customer Support
We noted the that the broker support multi language support. Here are the different support languages:
- Chinese
- English
- Romanian
- Spanish
- Vietnamese
- Portuguese
You can obtain customer support directly from their website. However, we knotted a number of customer reviews where customers complained of the slow response rate associated with the exchange.
Pros and Cons
Pros
- Supports Brazilian bank transfers
- You can obtain advice and tutorials on trading
- You can chart externally
Cons
- The exchange offers only Bitcoin
- No margin trading
Verdict
The fee may be a little high, but we still feel Foxbit is a great option. However, like any other exchange in this space, there is a lot of risk that exists here. And due diligence should be clear before settling on any one exchange. The fact that the exchange operates in other countries under the BLINK-TRADE network make a more credible option.
