MultiversX Tracker is Live!

NiceHash is scamming

All Cryptocurrencies

by COINS NEWS 5 Views

Anyone thinking of using NiceHash should review recent reddit posts here regarding how difficult they make their system to withdraw your earned BTC, in my opinion, with hopes you will give up so they can pocket it and supposedly "donate it to charity".

Like many others, I started receiving emails that NiceHash was now charging me BTC as some kind of maintenance fee for my account being inactive. NiceHash charges about $10 per month for the sin of taking up 1 kilobyte of data in their database. After two months I had noticed the emails that this was happening so decided to login and check on it. I had $315 worth of BTC (after $20 had been eaten by their fees of course).

I of course decided to immediately move the BTC somewhere less scammy but like all others, was met with 2FA requirements and KYC verifications to do basically anything on the account. Someone had mentioned that you don't have to do KYC if you close the account. I went down this route because I'm not jumping through their many hoops and pitfalls. I created a Lightning Network wallet to withdraw to and their system allowed me to progress all the way through to submitting the lightning invoice, and then fails because the account needs 2FA. I enabled that and then am locked out for 3 days before it allows any further actions. Ok.

Three days later I attempt the exact same steps again by going to close account which then directs to withdraw. Except this time, the account just immediately closes with the only message being an email to me that says the account is now closed. Can no longer login to it. Welp, where did my BTC go? Opened a ticket with support to be told that I "chose to donate the BTC to charity on account closing". LOL! What? Now they want me to submit a selfie holding a sign with my personal information like it's a reddit AMA or something AND complete the KYC process, to then ALSO charge me $10 as an "administration fee" to restore the account and "recover" the funds "donated" to "charity".

Nothing during this process states anything about charity. So it appears that NiceHash has this convoluted system setup to thieve as much BTC as possible from people that used to use their service back in its hayday.

NiceScam indeed. Unfortunately the mods at r/NiceHash are deleting all mentions of this and trying to rug sweep it.

submitted by /u/Chillmatica
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments