In this paper, the effects of platinum addition on the structure and electrochemical properties of MgNiPt (Pt=1.0, 2.0 and 3.0at.%) metal hydride alloys are discussed. The ternary alloys were processed by mechanical alloying and had their structures characterized by X-ray diffraction, transmission electron microscopy and in situ X-ray absorption spectroscopy. It is observed that the structure of the alloys is formed by amorphous and nanocrystalline phases, with the size of the nano-grains close to 5nm. The electrochemical properties were evaluated by galvanostatic charge and discharge cycles using different discharge rates in the range of 10–80mAg−1. The best result was obtained for the Mg49.0Ni49.0Pt2.0 alloy, which showed smaller decay of the discharge capacity as a function of the charge/discharge cycle number, retaining 64% of its initial discharge capacity (364mAhg−1) after 10 cycles.