Pulsed anodization of a nearly equiatomic NiTi alloy in HNO3 leads to the formation of a nearly Ni‐free oxide layer, resulting in the suppression of Ni‐ion release from the alloy surface. The core technology involves introduction of a lower‐voltage period, which promostes chemical reactions between the alloy and electrolyte, to obtain a surface layer with better corrosion protection. In this study, a higher voltage of 3.5 V was applied, and the lower voltage was varied within 0–3.5 V. As the lower voltage was increased, nanometer‐sized pores present on the anodized surface gradually expanded, while the layer thickness decreased. Although the corrosion protectivity of the layer did not change significantly during the electrochemical experiments, the amount of Ni‐ion released into the physiological solution significantly decreased when the voltage was below 1.8 V. X‐ray photoelectron spectroscopy analyses revealed the presence of Ni (OH)2 on the topmost surface, and its concentration decreased at a voltage <1.8 V. Lower voltages affected the concentration of Ni (OH)2 on the topmost surface and thus considerably influenced the Ni‐ion release behavior. These findings will contribute to the production of NiTi alloys with improved biocompatibility.