Honeygain review; is it worth your time?
Do you want to earn some money or bitcoin doing nothing? Yes? then honeygain could be just it. But before downloading honeygain, let me tell you what it is and how you can earn from it.
What is Honeygain?
Honeygain is an application which allows you to reach your unused internet’s full potential by making your device a gateway. When you are using your internet, you are not using its full potential unless you’re massively downloading anything all the time. That is where Honeygain shows its magic. This app will use the remaining unused part of your internet traffic and even pay you for that.
Is Honeygain safe and is it going to drain my data?
Having done some digging on the web, it seems that security hasn’t been a concern to existing users and the reports and reviews were generally favourable. With this big concern taken care of, it’s onto the next one: how much money can I make?
How much can you make from honeygain?
There is a few things to keep in mind, but let’s start with the basics.
Here is a rundown of how much data is worth on Honeygain:
1. For every 10 MB of traffic, you earn one credit.
2. One credit equals $0.01 USD.
3. You need 20,000 credits, or 200 GB of shared data to cash out.
[If you use this link then you will receive sign up bonus of 5000 points equals $5 and I will receive 10% of points you earn. (the point is not gonna get deducted from your account)]
So really, your earning potential depends on how many devices you have running and how much data they end up sharing.
Here’s the really good part about it: you don’t have to do anything other than download it. It’s not like Pi or Bee where you have to check in every 24 hours; you just download it and forget it. During setup, you can set limits on the amount of data you share. If you have limited data-plans on your home internet or mobile this gives you greater control. You can also decide if you only want to run it when charging, but given my experience of power consumption, I would say there is no concern in having it running whether charging or not.
It is genuine passive income — not much, but income all the same. You are nevertheless, incentivised to check the app daily through a daily draw for free credits. So far I have won anything from 20 to 100 credits which are added to your account and count towards any payout you earn. So while you do not need to check it daily, for me doing so there has only been an upside.
Payout is only possible when you’ve earned a total of 20000 credits, equivalent to $20, so at the rates I’m going at, I should be cashing out 3 times a year. There’s no incentive to keep your money in the app, so withdraw as soon as it’s available.
It doesn’t start and end with you and me. You can build your own networks and benefit from your friends, family or even complete strangers running the app.
You can withdrawal your points in PayPal or bitcoin.
A key consideration for many will be that this app can only be downloaded directly from their site; there isn’t a link to it via Google Play. For this you will need to change the settings on your phone to allow you to download apps from unknown sources. Again, this may be a bridge too far for some, but for me it has worked out well. I will of course report back anything dodgy that happens, but it goes without saying that this is not advice. Any actions you take in regards downloading anything to your devices is done at your own risk.
There are clearly things to be cautious about with Honeygain. It’s a definite break from the norm as far as these things go, so as with Bee and Pi, do your homework and decide for yourself if it’s for you. My experience has been positive so far in that it hasn’t cost me anything and my phone is earning me money 24/7 right now — not much, but enough to buy a Christmas present for someone at the end of the year. Compared to the effort I have to put in to surveys for the same return, Honeygain is a winner.
If you like the look of it and want to give it a try, we ask if you would be so kind as to use the referral code here. Remember that in using this code rather than signing up through the website, you get $5 credit.