Are you looking for some online tools that can help you create a passive income stream without doing much? Honeygain is one such option. Learn more about our in-depth Honeygain review.
Honeygain Review 2020: Is It Legit or a Scam?
We’ve all heard the famous saying ‘sharing is caring.’ But, nowadays, sharing is profitable and lucrative as well. Honestly, who doesn’t like generating a passive income through things they don’t use? People earn through yard sales, auctions, and book flipping all the time.
In this case, you can share your idle internet connection while you’re not using it. If you work a regular 9-5 job, you’re spending a whopping 40 hours daily. This means your bandwidth connection remains idle most of the time.
Even when you’re home, a certain percentage of your internet connection remains idle. Honeygain is a company that pays you when you share your bandwidth connection with them.
We know what you’re thinking. You can never be too careful when you’re trying to make money online.
Don’t worry; we’ve completed all the due diligence for you in this Honeygain review. Find out how to make money with Honeygain to decide, Is Honeygain legit or a scam?
What is Honeygain?
Honeygain is the ultimate platform for people who’re looking for side hustles that bring passive income. Seriously, it doesn’t get any more passive than this. The app uses your internet connection to collect data and cater to their clients’ queries.
It’s mainly an app that you can download on your Android or iOS smartphone or your computer. Once you’ve installed the app, it starts using your internet data. In turn, the network is used by Honeygain partner businesses for market research and data collection.
Remember, when we say data, we don’t mean that the app is spying on you. The app doesn’t track your browsing behavior or market research habits, like other passive income apps. It uses your internet connection to help conduct relevant web searches for their clients and present them with the information they need.
Their clients include companies that require search engine optimization research for their businesses and price comparison services that help users get the best price for a product.
Confused? Read along to get further insight into how the app works.
How Honeygain Works
What we love about Honeygain is that they’re quite clear about how their site works. They give the details out front on their official website to rent out your idle network connection to tier partner companies.
These companies further use this data for crowdsourcing information, planning out SEO strategies, and deriving brand campaigns. It’s simply a win-win situation.
Users get paid for their excess data, and the companies perform their everyday online tasks efficiently.
Honeygain acts as a mediator that helps the users earn money from these companies by charging some commission for themselves.
We’ve discussed some important aspects so you can find your way around the app as a beginner.
How to Sign Up for Honeygain
Honeygain is not concerned with your location. Wherever you live in the world, if you have a steady, high-quality internet connection, they can work with you.
Their sign-in and registration process is easy. All you have to do is fill in a registration form and confirm your account. After that, you will receive an email confirming your new Honeygain account.
Besides that, they have accessible eligibility terms. You should be at least 18 years old, and you should have a PayPal account.
They offer all of their payouts through PayPal only, so you cannot sign up unless you’re affiliated.
How Do You Get Paid On Honeygain?
Now, this is what most of you were waiting for. To see whether an online money-making site is legit or a scam, it’s essential to know if its users get paid on a timely basis.
In this case, the payment method is simple.
Honeygain will pay you hard cash, which you can withdraw from your PayPal account. Although PayPal is a convenient payment gateway that can be used worldwide, many users have some issues with the lack of payment options.
The minimum payment threshold is $20. Once you’ve earned that much, you can withdraw your funds immediately.
Most importantly, how much you get paid depends on the Megabytes you share on the platform. Each MB will earn you some credits on the app.
For example, you will earn credit once you’ve shared at least 10 MB from your internet connection. This way, you can earn about $1 by sharing 10 GB.
Depending on your bandwidth connection’s quality and speed, the app will use about 2-10 MB per day. For more advanced users, internet connection sharing can go up to 15 MB as well.
However, you don’t need to worry about the app draining up all your internet data. It will only use 10% of your data limit according to your network plan.
Furthermore, the app charges some service fees, which will be deducted from your payout amount. The fee amount varies depending on your country of origin. If you live in the US, the platform will charge 2% of your earnings.
Keeping all this in mind, it’s safe to say you will be disappointed with your first payout if you’re expecting to earn a fortune.
But, considering you don’t have to do much except for signing up and running the app on your device, the money is good.
How to Make Money With Honeygain?
If you’re happy with all that and are ready to start making money online, this section’s for you. To make sure you’re putting the platform to its optimum use, you’ll have to be in terms with the various earning opportunities it has.
We’ve rounded up all the ways you can use this app to generate a passive income for yourself.
Install the App
While it sounds too good to be true, Honeygain offers an installation bonus for its users, like many other passive income apps. This means you can earn money as soon as you download the app on your device.
What we love about the app is that it’s compatible with all types of devices. You can install it on Windows or Mac if you’re using a computer. Besides that, you can download it on your Android or iOS smartphone as well.
Another significant aspect is that you can install Honeygain on about six devices. The more devices you sign up from, the more earnings you will generate.
However, not many people can access six devices at once. Nevertheless, using more than one device is enough to maximize your installation earnings.
As we mentioned, you don’t have to worry about Honeygain intruding on your device data. You’ll have to enter some necessary information when you sign up, such as your email, PayPal account details, and your device details.
The app doesn’t ask you to give out any other sensitive information such as your credit card details, address, or social security number, making it quite reliable.
Give Out Referrals
Apart from the installation bonus, you can earn more cash if you get others to install Honeygain. They offer a fantastic referral program that’s accessible for any of their members.
Once you download the app, you can invite others to install it. You’ll get your invite link to share on all your social media platforms such as Facebook, Twitter, or Instagram. You can even email it directly through the app.
Every time someone downloads the app using your referral link, you will get some commission for it.
Precisely, Honeygain will give you 10% of their daily earnings. While that’s not much, if you consider an average person who only earns around $1-$5 every day, it’s still better than nothing.
These earnings will also help you reach the payment threshold faster than your bandwidth connection allows you to. Meaning, early cashouts for you.
Use Honeygain Coupon Codes
If you have friends who use Honeygain already, you can sign up through their referral links to earn some cash yourself. As a beginner, you can sign up using a unique Honeygain coupon code, and the platform will transfer $5 into your account immediately.
You can only get these coupons or invitation links from people who are your family members or belong to your friends circle.
Keep an eye out for such bonuses and kickstart your passive income journey on the app effectively.
Pros of Honeygain
Like any other money-making platform on the internet, there are benefits and drawbacks to this app. We’ve jotted down both to give you an honest representation.
First, let’s start with the good aspects.
You can download the app easily on multiple devices. It takes no time or initial investment. Also, it’s compatible with all types of devices so you can maximize your earnings.
The app has a simple, straightforward design that makes it easy for beginners. Even if it’s your first time downloading an online money-making app, you can find your way around.
Efficient Customer Support
Honeygain reviews provided by regular users confirm that the app has a prompt and helpful customer support service.
You can contact their representatives any time if you have a query or problem regarding payouts or other in-app operations.
Safe to Use
This advantage can not be overstated. Invasion of privacy is perhaps the most common drawback that sets people off from popular money-making websites.
Honeygain does not intrude into your devices and simply runs alongside your usual operations and shares your network connection.
Cons of Honeygain
Well, there are always two sides to a coin. We’d be lying if we say there’s nothing wrong with this app. Here are some drawbacks you should know about Honeygain before you make your decision.
Fast Data Usage
Honeygain is not for you if you’re using a limited data plan. Once you download the app and it starts working, it’ll deplete your data plan in no time. We’d advise you only to use this app if you have an unlimited network connection.
Reduces Battery Life
If you have the Honeygain app running on your device 24/7 in the background, your battery life will reduce considerably. In the case of an old device, the app may use up to 8-10 percent of your daily battery life.
Doesn’t Work On an Inactive Connection Or Device
That’s why downloading the app on multiple devices isn’t worth it. If you download Honeygain on devices that aren’t frequently active, you won’t earn any money.
To make sure the credit keeps coming, you’ll have to be active on the device at least once every day. If you turn the app off for some reason, the company will remove all your rewards after six months of inactivity.
High Minimum Payout Threshold
For an app that pays a maximum of $1-$2 each day, a $20 payout is quite high. However, if you’re patient enough, you’ll be paid in hard cash without any extra effort.
Is Honeygain Legit or a Scam?
Just like other Honeygain app reviews, you’re probably expecting a ‘Legit or Scam’ verdict at the end of this review. However, we won’t be giving the app a label right now.
While it has the drawbacks that make it inefficient for some users, the platform is not a scam.
It works discreetly in the background and has access to all your network connections sounds a little creepy. So if you’re not comfortable with that, you should pass this app off.
Besides that, the payouts are sometimes reported to be a little lesser than what’s advertised on the homepage, so you can say the app is not entirely honest with us.
On the other hand, the app provides timely payouts in return for little to no effort of your own. By downloading the app, you’re making some money while completing your everyday tasks.
Also, it doesn’t require any sensitive information when you sign up and provide payouts through a legit platform.
Most importantly, it has lots of opportunities to maximize your earnings, with minimum hidden fees.
Wrapping it all up, we think that whether Honeygain is legit or a scam depends on your personality and needs. If you’re someone who doesn’t mind getting small payouts after long intervals as long as you don’t have to do much, it’s a reliable platform.
However, if you’re a person who is highly concerned about his data security and doesn’t want an app lurking around in his device, you’d probably regard it as a scam.
For our final verdict, we would say that if you choose to sign up for this app, you should be vigilant and well-informed about how online earning platforms work. This way, you’ll always be able to avoid scams and make good profit online.