How to deposit on the NiceHash crypto exchange?

Registering an account on the exchange site, the user receives a new Bitcoin address NiceHash (primary wallet address). You can find it on the website nicehash.com in the cabinet in the “My Wallets” section. Through it you can top up your balance to work on the platform.

Deposit

The “My Wallets” section has a “Deposit” button. By clicking on it, you have to select an asset to see the address for depositing funds. If the user sells mining power, he will receive payments to his wallet. From that address, you can withdraw money to any third-party wallet Bitcoin. It is also possible to exchange your assets on the NysHash platform. Buyers of mining capacity can deposit and withdraw cryptocurrency from the internal wallet crypto exchanges. If the user is an employee of an organization, he can withdraw funds from its wallet and send assets to it.

Before you send a deposit to an exchanger wallet, you must check whether there is enough money in a third-party wallet. Available to send different cryptocurrencies to the account, so you need to make sure that you are sending the right assets for the right type of wallet. Sending coins to the wrong address can lead to loss of funds. To fund your account, you must do the following:

• Login to your NiceHash account.
• Go to the “Wallet” section and click on “Deposit”.
• Click on “Show Address”. At this stage, you need to open your own wallet. This can be an account on the exchanger, a hardware or mobile version of the wallet. Each has a different interface, but in any case there must be a “Send” or “Withdraw” button.
• Copy the deposit address from the exchange website and paste it into the wallet or scan the QR code with your smartphone if you use the mobile version or app.
• Confirm the transaction in your wallet. When the transaction is confirmed by the miners and the blockchain, the funds will appear in the NiceHash balance.

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Confirmation of deposit

Before an exchange can credit funds to a NiceHash wallet, a certain number of confirmations are required. They serve as proof in the blockchain network that the transaction is valid. Different cryptocurrencies require a different number of confirmations:

• BTC – 3.
• ETH – 30.
• LTC – 12.
• BCH – 15.
• ZEC – 24.
• XRP – 1.
• DASH – 1.
• XLM – 10.

The service cannot affect the speed at which transactions are confirmed in blockchains.

Bank account

You can use a bank account for transactions with money on the exchange. To do this, you need to add it to your account. Several steps are provided:

• Login to your NiceHash account.
• Go to “My Settings – Bank Accounts”.
• Clicking the “New Account” button.
• Select the currency (euros) and enter the IBAN number.
• Clicking on the “Show Deposit Address” button.
• Switch to a bank account and select SEPA transfer.

Copy the information from the exchange website and enter it into the SEPA form to make the transfer at the bank. It is necessary to send at least 1 euro, otherwise the transfer will be rejected. It may take 1-3 working days to execute the transfer.

Commissions

Cryptocurrency deposit fees may apply. It depends on the digital asset that is deposited and its amount. NiceHash’s fee table specifies the amount at which the service is not charged.