Dear NiceHash users!

Due to technical issues with Bitcoin withdrawals to Coinbase we have decided to suspend the free type of withdrawal until Coinbase resolves their API issues!

Coinbase limits their API and they cannot process huge amounts of requests coming from our service. Although we have tried to resolve these issues with Coinbase for several months now we have not managed to get a response from them.

We understand that this is a very popular method of withdrawing Bitcoin to Coinbase and we would like to keep it - as it is free and almost instantaneous! But unfortunately, Coinbase remains unresponsive.

We are doing everything we can to resolve this as soon as possible and we will notify you about our progress in the following days.

All transactions that are currently still waiting for processing will get processed manually!

What are the best alternatives?

If you need to transfer Bitcoin to your wallet or some other crypto service we list some good alternatives:

1. Use NiceHash Exchange - we offer a wide range of trading pairs and if you want to trade you don’t have to move funds elsewhere and you can completely avoid transaction fees! Learn more about NiceHash Exchange here. You can also use NiceHash Exchange to trade Bitcoin to some other coin that has low transaction fees.

2. Use Lightning Network - Lightning Network is great for sending small Bitcoin amounts as it uses Layer 2 to facilitate fast and inexpensive transactions. Learn more about it here or watch this video.

3. Transfer to Coinbase directly by adding the wallet to your NiceHash account manually, only the free automated version is suspended, so you can still transfer out to Coinbase.

4. Keep funds in NiceHash wallet - NiceHash platform is among the safest cryptocurrency platforms in the world. Coingecko provides a comprehensive methodology for calculating trust scores for every reputable exchange and the NiceHash platform currently holds the Trust Score of 9. Make sure you secure your NiceHash account with 2FA security. Learn more about how to set up 2FA here.

5. Use Payeer, an electronic payment system and e-wallet that supports several cryptocurrencies.

If you have any questions regarding withdrawals do not hesitate to contact us! Our representatives are available on Reddit and Discord as well as other social media channels.

Thank you for your support,

Your NiceHash team.