- Easy interface for beginners
- Many deposit method options
- Strong security
- API for bot trading
- Nice interface for professional traders
- New on market
- Range of available cryptocurrencies
- Fees could be lower
NiceHash was founded in 2014 by two Slovenian university students, Marko Kobal and Matjaž Škorjanc in Slovenia. Currently company has more than 2.5 million clients and is operating in 130 countries wolrdwide. Company is mainly known as a cryptocurrency hash power broker, but they have developed NiceHash Exchange platform that allows customers to exchange crypto.
There are more than 30 cryptocurrencies available for exchange along with more than 50 trading pairs.
Deposit and withdrawal options
The great advantage of NiceHash exchange is plenty of available deposit/withdrawal methods. You can withdraw your crypto both to FIAT account and crypto wallets. There are more than 50 crypto deposit/withdrawal methods available and it is even possible to withdraw your BTC for free in case you establish a direct connection to the NiceHash Lightning Network node. The same applies to deposit methods.
Using NiceHash exchange the fee is calculated according to your trade level. Basically, more you trade – less commission you pay for exchange. There are 10 levels of fees available on platform and the most interesting fact is that the trade level is calculated according to he lifetime activity, while competitors usually calculate the trade level based on the turnover during limited period (usually 3 months).
Exchange fee between crypto and FIAT is usually around 1.45%. The platform also charges some additional administrative costs for different actions, but these actions usually include recovery of the account, wrong deposit address, etc., so probably will never occur.
Hash Power buying
Another way of trading available in NiceHash is buying of hash computing power and benefiting from commission earned on mining. It is also possible to sell hashing power by connecting your miner to NiceHash mining pool. The whole marketplace of hashing power trading is available on the platform. API is available for automating the trading process.