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Registration on the NiceHash crypto exchange


To create a new account on the registration page NiceHash the user must provide an e-mail address and password. After that he will receive an email with a link to confirm registration on the site nicehash.com. After logging into the account, the service advises to connect two-step authentication (2FA). This will increase the security level of the trader’s account.

Creating an account

On the home page crypto exchanges NiceHash has a “Proceed” button in the upper right corner. It opens a new window with a form to create an account. In it you need to enter your email address and password. It must contain one lowercase and one uppercase letter, numbers, and special characters. The password must be at least 8 characters. Also you need to choose your country and agree with the terms of use and privacy policy. Also at this stage you can subscribe to news and blog updates.

After sending the form, an email with an account creation confirmation code will be sent to the email address that was specified to users. It must be entered in a special field or use the link from the letter to confirm registration. When the account is created, the user must enter the email and password again to log in to the system. In this case the email will come with an authorization code. The letter will also contain information about the device from which the authorization is made. When you enter NiceHash for the first time you will be asked to choose the services. You can always change them in the cabinet. The available options are:

  • Cryptocurrency wallet – sending of deposits, withdrawals, storage of assets.
  • Cryptocurrency mining – Using a video card or processor or an entire mining farm to make money.
  • Cryptocurrency exchange – Exchange of fiat money for coins or cryptocurrencies between each other. Using a trading interface with advanced features and API.

Personal Cabinet

In the user account of the cryptocurrency exchange there are several sections with personal information and data that are needed for trading.

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Cabinet. Through it you can enable two-factor authentication, go to the NiceX exchange. You can also see the status of mining and go to the management of regs and view statistics. The “Favorites” window is available, which displays the user selected cryptocurrencies to quickly view their prices. The “My Wallets” window shows the total balance and information about recent transactions. Also, from the “Cabinet” section you can go to the NiceHash store.

The “Mining” section is also available in the cabinet. Here you can get the address of your bitcoin wallet. This will be used to connect the miner to the NiceHash account. You can also download a Miner, add an ASIC or channel power from other mining software. A choice of mining method is available: QuickMiner, Miner, NiceHash OS or connecting an ASIC device. In the same section, the Rig Manager is available, where you can add new and manage the old ones. It is also possible to view the statistics.

The “Buy/Sell Cryptocurrency” section has a form for a quick transaction. In it you need to choose cryptocurrencies for buying and selling and payment method. Visa/MasterCard, SEPA and iDEAL bank cards are offered for this purpose. After specifying these data, information about the price and the amount with commission will appear. The user must accept the terms of the agreement before proceeding with the transaction at Banxa. Transactions are conducted through Banxa, so if you have any questions, you should go to support.banxa.com and contact the staff of this payment service. There are 3 tabs available in the “Exchange” section:

  • Conversion. Opens a form for a cryptocurrency exchange operation.
  • Markets. The page contains a list of all digital assets. The table shows the last price, minimum/maximum for 24 hours, volume for the day, changes for the day and price graph for the week. In the same list, you can also use the asterisk icon to add cryptocurrency to your favorites and quickly view prices in your personal cabinet.
  • Bidding. Opens the trading terminal, where you can view charts, order book and create your own orders. Transaction history and other information are also available.

In the “Power Market” tab, you can see all active orders. For convenience, the filters “Show only my orders”, “Hide charts on my orders”, and “Hide orders without miners” are available. There are also pages with orders and user pools, where you can view statistics on your offers.

In the “Wallets” section you can find the total balance of NiceHash, the amount available for withdrawal and information about assets in waiting and warrants. The last field contains information about deposits, withdrawals, funds on the exchange and in power orders. There is also a list of all cryptocurrencies with the option to make a deposit to an account in one of the assets or start trading with it. The following sections are also available in the personal cabinet:

  • Updating the blog. Information about the latest articles added to the site.
  • Notices.
  • Orders at the NiceHash Shop.
  • Help and Support.

Security

To protect your account, you can connect two-factor authentication. It provides additional security when you sign in to your account and withdraw assets from your wallet or place an order. To activate 2FA for your account, do the following

  • Log in to your NiceHash account, go to “Settings – Security”.
  • Click “Enable 2-factor authentication”.
  • Download the authenticator app to your phone, open the app and add a new account.
  • Scan the code that appears on the screen, press “Next” and enter the confirmation code that will be sent by e-mail and the combination of 6 characters received in the application.
  • Click “Confirm”, save all backup codes and close the window.

If the NiceHash user has lost or changed his mobile device on which the authentication application was installed, he should do the following:

  • Install Google Authenticator from the app store for Android or iOS devices.
  • Add a new account in it.
  • Select to scan a QR code or enter a 16-digit key. If no secret code or QR code is saved, you can reset codes for 2-factor authentication using backup codes.

If the user loses access to their device, they will be able to use one of these backup codes. Each of them can only be applied once. Therefore, you must use the codes to enter or disconnect from you defecate on a device that will no longer be used. After that, you have to turn on the 2 f function and the base on the new device and get the new codes. The service also warns that if two-factor authentication is disabled, the withdrawal of assets, API keys and other features may be unavailable for the account for up to 7 days.

To use the backup combinations, you need to do the following:

  • Log into your account using one of these codes, entering it in place of the 6-digit authenticator password.
  • Go to the security settings and disable the two-factor authentication function using the backup code.
  • Turn on 2FA on the new gadget and get new codes. You have to make copies of them and save them in a safe place.

If the user has not saved the 16-digit code, QR or backup codes, he should write to: [email protected].

Security restrictions

NiceHash account security is the main priority of the crypto exchange. To protect the user account from unauthorized access, the service has introduced certain restrictions:

  • If 2-factor authentication has been enabled, actions for the wallet will be disabled for 24 hours.
  • If the account was inactive, you need to be verified to level 1.
  • If the password is reset, actions for the wallet will be disabled for 3 days.
  • If 2FA is disabled by the user, it will not be possible to work with the wallet up to 7 days.
  • If two-factor authentication has been disabled by the administrator, actions will not be available for 3 days.

There are also other restrictions. For example, users who have 2FA enabled will not be able to use exchange services for 7 days after changing their email. Those who don’t have 2-factor authentication activated will face blocking for 24 hours for accounts with balance less than 1 BTC, and for 3 days for those with more than 1 BTC. BTC.

Deleting an account

At any time the user can access his account, view information, update it and or delete the account. If the trader decides to close the account, he should go to “My settings – Security – Close account”. If there are any problems with deleting the personal account, you can write an e-mail to: [email protected]. Personal information of the customer will be kept even after the account is closed in case it is necessary to comply with legal obligations by the company, regulatory requirements or fraud prevention. The stored data will be depersonalized and encrypted.

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