How To File Your NiceHash Taxes With Koinly

NiceHash is a leading cryptocurrency platform for mining. Users can sell or buy computing power and support the digital ledger technology revolution. NiceHash also offers an exchange on which to buy, sell and trade cryptocurrencies. Koinly can help you do your NiceHash taxes safely, quickly, and accurately.


Follow these steps to sync your NiceHash data automatically to Koinly:

  1. Log in to NiceHash.
  2. Click your profile icon in the top right corner.
  3. Select my settings from the drop-down menu.
  4. In the menu on the left, select API keys.
  5. Copy the organization ID.
  6. Select create new API key.
  7. Name your API key, for example, "Koinly".
  8. Under permissions, you'll need to grant all "view" permissions when creating your API key (See specified checkboxes below).
  9. Select generate key.
  10. Enter your password to confirm and select verify.
  11. Copy your API key and API secret key code. You will not be able to access these again so make sure to store them in a secure place. Paste them into the fields in Koinly.

You'll need to grant all "view" permissions when creating your API key for NiceHash. This includes:

  • For wallet permissions, check 'view balance, wallet activities and deposit addresses'.
  • For market place permissions, check 'view hashpower orders'.
  • For exchange permissions, check 'view exchange orders' and 'view and trade'.
  • For mining permissions, check 'view mining data and statistics'.
  • For user management and security permissions, check 'view users'.

On Koinly:

  1. Create a free account on Koinly
  2. Complete onboarding until you get to the Wallets page and find NiceHash in the list
  3. Select API > Paste the API keys you copied above in the appropriate box
  4. Hit Import and wait for Koinly to sync your data. This can take a few minutes
  5. Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
  6. Go to the Tax Reports page to view your tax liability!
Having trouble connecting NiceHash with Koinly?

Does NiceHash report to the IRS?

It’s not known whether NiceHash reports to the IRS. NiceHash isn’t known to issue 1099 forms, but as one of the largest mining platforms in the world, it’s likely NiceHash have faced pressure from the IRS and other tax offices to share customer data to ensure tax compliance.

Your frequently asked questions

Does NiceHash have tax documents?
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Do you get a 1099 from NiceHash?
Does NiceHash provide financial or end of year statements?
Do I have to pay taxes on NiceHash?
Are there NiceHash miner taxes?
How to report NiceHash on taxes?