Reply To: NiceHash – legit or scam?

James Barra
Moderator Team

    Hi BTC Barry,

    Thanks for your message.

    We’ve evaluated NiceHash and would exercise caution. Although it is a real company that’s been operating since 2014,  like many crypto exchanges and mining platforms, it is not regulated by a respected financial regulator. This means it can operate with limited regulatory oversight and you may not have access to safeguards like compensation in case the firm faces financial difficulties.

    I also researched other user reviews after seeing your message, and while some are positive, there are comments suggesting some been scammed by the NiceHash platform.

    If you do still want to use them, it could be worth starting with their demo account.