What is the service fee for buyers?

When you buy hashrate on the NiceHash Marketplace, a small service fee applies to every order. This fee helps maintain the marketplace infrastructure and connect buyers with global miners. Below is a clear explanation of how the fees work, along with a detailed example.

1. Standard fees

• Service fee: 3% on the BTC amount actually used to buy hashrate.
• New Order Fee: A small, non-refundable 0.00001 BTC fee is applied when creating a new order.
• Unused funds: any remaining BTC from unfilled or canceled orders are returned to your NiceHash wallet without a fee.

2. Detailed calculation breakdown

Example order where the buyer starts with 0.001 BTC:

0.00100000 BTC  – non-refundable new order fee 0.00001000 BTC
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= 0.00099000 BTC (amount after order submission)

0.00099000 BTC – service fee 3% (0.00002970 BTC)
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= 0.00096030 BTC (amount paid for your shares)

Total fees: 0.00001000 + 0.00002970 = 0.00003970 BTC

This means that out of 0.001 BTC initially used to place the order, 0.0009603 BTC goes directly toward purchasing hashrate, while 0.0000397 BTC covers fees.

3. Notes

• The 3% service fee applies only to the BTC spent on delivered hashrate, not to the unspent order balance.
• The 0.00001 BTC order creation fee is charged each time a new order is placed and is non-refundable.
• All fees are displayed transparently under Orders → Transaction history in your NiceHash account.

4. Summary table

When withdrawing funds from your NiceHash wallet, a withdrawal fee will be applied.

For more information on the fee schedule, please visit here.