The present paper is devoted to the study of the processes of the mechanism of electrochemical coreduction of Dy3+ and Nd3+ ions with Ni2+, Co2+, and Fe3+ ions in the equimolar NaCl-KCl melt at 973 K and characterization of the synthesized samples. The performed voltammetry analysis of the electrochemical coreduction processes elucidated a significant difference in the values of the extraction potentials of the studied metals. This melt testifies that intermetallic compounds of Dy and Nd with Ni, Co, and Fe may be synthesized in the kinetic regime. The intermetallic phases of Dy and Nd with Ni, Co, and Fe are found to be formed along with the phases of metallic Ni, Co, and Fe either during electrolysis at the cathode current densities exceeding the limiting diffusion current of Ni2+, Co2+, and Fe3+ ions or in the potentiostatic regime at the potentials of the corresponding voltammetry curves. Therefore, the following interrelated key parameters affecting the electrochemical synthesis of Dy and Nd intermetallic compounds with Ni, Co, and Fe were determined: (i) composition of the electrolyte, i.e., concentrations of FeCl3, CoCl2, NiCl2, DyCl3, and NdCl3; (ii) cathode current density or electrolysis potential and (iii) electrolysis time. The obtained samples were characterized by micro-X-ray diffraction analysis, cyclic voltammetry, and scanning electron microscopy methods.