In this article we are interested in conditions on the coefficients of a Walsh multiplier operator that imply the operator is bounded on certain dyadic Hardy spaces H p , 0 < p < ∞. In particular, we consider two classical coefficient conditions, originally introduced for the trigonometric case, the Marcinkiewicz and the Hörmander–Mihlin conditions. They are known to be sufficient in the spaces L p , 1 < p < ∞. Here we study the corresponding problem on dyadic Hardy spaces, and find the values of p for which these conditions are sufficient. Then, we consider the cases of H 1 and L 1 which are of special interest. Finally, based on a recent integrability condition for Walsh series, a new condition is provided that implies that the multiplier operator is bounded from L 1 to L 1, and from H 1 to H 1. We note that existing multiplier theorems for Hardy spaces give growth conditions on the dyadic blocks of the Walsh series of the kernel, but these growth are not computable directly in terms of the coefficients.