Enhanced Due Diligence (EDD)

If you received an email requesting an Enhanced Due Diligence request, here is how to complete the requirements.

Enhanced Due Diligence (EDD) Check

Nicehash is a digital service provider and has also designed due diligence checks to comply with standards and measures to prevent money laundering and terrorist financing (“AML/CTF”).

An Enhanced Due Diligence (“EDD”) is a standard AML/CTF check done by our Compliance team. We are obliged to make this additional check to help us better understand your activities, background and the nature of your relationship with us.

If you use the received link in the email notification, which is meant for information and document delivery, the automated procedure will guide you through the EDD procedure.

What kind of documentation do I need to provide?

To complete the EDD check, we may ask you to provide the following additional information:

1. The source of funds
You need to clearly state the source of your funds and send proof to support your statement.

2. The background and purpose of the transaction(s)
You need to clearly state the background and purpose of the transaction(s).

3. Proof to support your statements
You need to provide us with documentation to support your source of funds and the purpose of the transactions. Please note that, if and when possible, your documents should clearly show your NAME, DATE and AMOUNT. Please ensure that the provided documentation indicates the connection to your data. Also, your Source of Funds should reflect your recent transactional activities.

Type of Source of Funds	Expected proof
Personal Savings/ Bank Statements	Recent three months' bank statements showing sufficient account balance covering your current transactions with Nicehash
Salary	Payslip (no older than three months); OR Salary statement (no older than three months); OR Employment contract; OR Tax return (most recent) AND Bank statement displaying the payment
Business Income/Profits	Business tax return; OR Tax statement for self-employed; OR Financial statement and a document showing ownership of the business; OR A bank statement for a business account (no older than three months) and a document showing ownership of the business
Pension	Pension details; OR Fund statement (if available); AND Bank statement displaying the payment
Government Benefits	Details of the government benefits AND Bank statement showing the payment
Income from cryptocurrency trading	Screenshots of the exchange account displaying account details AND Screenshots of the transaction history or an extract of the trade report; AND Bank statements showing fiat received in exchange for the sale of cryptocurrency OR Description of a large trade and evidence to support
Income from cryptocurrency mining	Screenshots of the mining account displaying account details AND Screenshots of the transaction history or an extract of the trade report; AND Bank statements showing fiat received in exchange for mining of cryptocurrency; OR Description of a large trade and evidence to support
Income from staking (Master nodes)	Screenshots of the transaction history on which deposits, withdrawals and profits are visible; AND Wallet addresses and transaction IDs
Airdrops	Screenshots of the transaction history, on which the deposits and withdrawals to Nicehash are visible; AND Wallet addresses and transaction IDs
Initial Coin Offering (ICO)	If you purchased coins through a token sale, please submit a copy of the contract confirming payment made in cryptocurrency AND In the case of an ICO, the full name of the ICO and the associated project’s website must be visible. We also need to know the exact amount invested in the cryptocurrency and the equivalent value in fiat at the time of the investment, AND Transaction history that documents the purchase and withdrawal of the token (wallet addresses and transaction ID); AND Bank statement, if a fiat currency was used for investing
Coin or token swaps	If the token name or the number of tokens has changed due to so-called coin swaps or token swaps or other technical changes (e.g. redenominations) to the blockchain or platform which has been used, please provide screenshots of the transaction history (wallet addresses and transaction IDs).
Crypto Lending and Liquidity pools	If lending income is involved, please prove this using screenshots of the transaction history (wallet addresses and transaction IDs). It must be clear where you have deposited the assets as collateral, in what amount and where the collateral being used has come from.
Income from investments (e.g. shares, bonds, investment funds)	Payment receipts containing information of the buyer and seller; AND Bank statement displaying the payment
Gain from sale of real estate or other property	A copy of the contract of sale; OR A copy of the land registry/Certificate of Title (or its equivalent) OR A letter from a real estate agent or lawyer confirming the sale of the property AND Bank statement displaying the payment
Income from renting/leasing	Rental agreement; AND Bank statement showing the payment
Private loans from family members, friends/others	Loan agreement (if any) or documentation with details of the personal loan; AND Bank statement displaying the payment
Loan from bank	Loan agreement; AND Bank statement showing the payment
Inheritance	A copy of the will OR Signed letter from solicitor, grant of probate or letter from executor; AND Bank statement displaying the payment
Gift	Documentation identifying the present and the identity of the donor AND Bank statement showing the payment
Others	Other official documents showing the source of funds which support your recent transactions with Nicehash

What happens if I fail the EDD check or do not want to share the information? If you fail to pass the EDD check, we will likely be unable to continue cooperation. All pending deposits will be rejected, and funds will be returned to the transaction originator's account or wallet. Every return of funds may incur extra transaction fees.

Users who fail the EDD check will be asked to empty their wallets to zero balance, and their user account will be disabled.

If you have additional questions, please contact compliance@nicehash.com