Changes in Withdrawal and Deposit fees
Dear users,
we're introducing changes for Withdrawal and Deposit fees.
Withdrawal fees
- Bitcoin withdrawal fee will be set to 0.4% or 0.002 (whichever is bigger)
This is a significant drop of fees from the previous ones. You're welcome to download some examples of total fees for sellers when mining into NiceHash Wallet, including withdrawal fees. As you can see, it makes sense to withdraw when you have a balance of 0.1 BTC or more. In order to even lower your total fees you would have to wait until you reach 0.2 BTC - in this case the total fee including withdrawal fee is already less than 3%. The lowest fees are achieved for withdrawals of amounts, that are 0.5 BTC or more (only 2.4% total fees including withdrawal fees).
Deposit fees
Small deposit amounts - lower than the minimum amount to place an order - does not makes much sense and are significantly contributing to high outgoing transaction fees. Therefore the new deposit fees policy is as follows:
| Amount deposited | Fee |
|---|---|
| More or equal to BTC 0.01 (min amount to place an order) | 0 |
| Between BTC 0.001 and BTC 0.01 | 0.001 |
| Less than BTC 0.001 | Total amount received. |
The new fees policy will be activated on June 12th 2017 at 12:00 UTC. All withdrawals and deposits, made after the policy is activated, are subject to fees, defined above.
Thank you for your using our service and keep on hashing!
Best regards,
NiceHash team