About NiceHash
NiceHash was founded in 2014 by two Slovenian university students, Marko Kobal and Matjaž Škorjanc. The platform is known primarily as a broker for crypto mining hash power, but it has also built out the NiceHash Exchange for standard crypto trading. NiceHash is available in around 130 countries and supports more than 30 cryptocurrencies across 50+ trading pairs.
Because NiceHash's core business is a hash-power marketplace rather than a conventional spot exchange, trading volume for the platform is not reliably tracked by third parties — CoinMarketCap lists NiceHash's trading volume as "untracked," so no daily volume figure is reported here.
Deposit and Withdrawal Options
One of NiceHash's biggest practical advantages is the sheer number of available deposit and withdrawal methods — more than 50 in total. Funds can be withdrawn either to a fiat account or a crypto wallet. NiceHash also maintains a direct Lightning Network connection, which makes BTC withdrawals free; the same applies to BTC deposits.
Fees
Trading fees on NiceHash scale with a tiered system — the more a user trades, the lower the fees, across 10 tiers. What sets NiceHash apart from most competitors is how the tier is calculated: it's based on an account's entire trading history, rather than a recent window (commonly the trailing 3 months on many other exchanges). The crypto-to-fiat exchange fee is typically around 1.45%. Some additional administrative fees apply in specific situations, such as account recovery or correcting an incorrect deposit address, though a typical user is unlikely to encounter these.
Hash Power
Hash Power is NiceHash's other core trading mechanism, distinct from standard spot trading. Users can buy hashing power and use the resulting mining proceeds, or sell their own hashing power by connecting a miner to NiceHash's mining pool. The entire hash-power marketplace is accessible on the platform, and an API is available for automating the process end to end.
Security Incident: December 2017 Payment System Breach
On December 6, 2017, NiceHash suffered a major security incident in which attackers used a spear-phishing attack to compromise its payment system, stealing approximately 4,700 BTC — worth around $64 million at the time. The marketplace was taken offline and reopened on December 21, 2017, roughly two weeks later. In February 2021, the U.S. Department of Justice indicted members of North Korea's Lazarus Group in connection with the attack.
NiceHash Details
- Maker/taker fees: 0.50% / 0.50%
- Coins supported: 30+
- Countries supported: ~130
- Founded: 2014, Slovenia
- Daily trading volume: Unknown (untracked — hash-power marketplace, not a standard spot exchange)
- Security incident history: Yes — 2017 hack (~$64M), attributed to North Korea's Lazarus Group