We report the effect of deposition potential on the morphology, structure and magnetic properties of Ni80Fe20 (Permalloy: Py) deposits, elaborated by electrochemical process onto silicon nanowires (SiNWs). The morphology of SiNWs and Py/SiNWs were performed with scanning electron microscopy (SEM). The SEM micrographs reveal the formation of SiNWs and clearly show a change in the morphology with the deposition potential. The analysis of X-ray diffraction spectra shows a change in the texture with the deposition potential. The grain size, the lattice parameter and the strain were studied as a function of the deposition potentials. From hysteresis loops, we have shown that the magnetization easy axis is the plane of the samples.