Honeygain Review 2021: Can You Earn Passive Income?

Are you tired of apps that promise lucrative passive income opportunities but never deliver? This Honeygain review gives you the best alternative to your problems.

“Earn free money without putting in much effort,” is a slogan that almost everyone is familiar with. With companies, blogs, and individuals trying to get a share of the online marketplace, so many if not most firms, promise “heavens” while trying to get your attention. Most of these promises are nothing more than mere words.

But what if you knew a legit way of earning passively with zero effort or worry? Well, since I’m a strong advocate of making as many sources of passive income as possible, this one wouldn’t pass me by. The fact is, you can make some good money online, by simply sharing your internet. Yes, and it’s all legit.

Read through this Honeygain review, and discover how easy it can be. Rake in some dollars, even when taking a good relaxing nap.

What is Honeygain?

This is not an online paid surveys site. But, it can earn you even better income than most of the famous online survey sites.

Honeygain is a crowd-sourcing company that pays you for just allowing them to use your internet connection. Wondering how?

Every time you are online, whether playing video games, answering surveys, doing research, or simply browsing, there is some idle internet traffic that remains unused. This is what Honeygain wants. The platform uses your unused internet traffic to help other companies and firms conduct their market research.

This means that you don’t need to answer any surveys yourself to earn with Honeygain. All you need is to download the app on your iOS or Android device (computer or smartphone) and start getting paid.

But some would say, “the platform is too new to the market to ascertain if it works or pays.” I would say it works for me, and it can work for you.

Although Honeygain was launched just over a year ago, the strides it has made online are significant. In just two months of its launching, Honeygain had more than 100,000 downloads.

But how safe is it to allow strangers to connect to your internet? Won’t there be a risk on your privacy and important data? This was the first thing we also had to ascertain.

But you don’t have to worry. Complete due diligence has been done while compiling this Honeygain review.

And, if you go through the Honeygain review, you’ll be able to determine if what it offers is worth the risk.

How Does Honeygain Work?

One thing that shows a platform is legit is a complete disclosure of how it works. And, Honeygain is pretty clear about this.

Through our Honeygain review, we will show you in details how the platform works, how to join, how it pays, and answer other pressing questions.

Firstly, Honeygain is a crowdsourcing company that outsources idle connection from its users, which is used by its partners for market research and promotion. In essence, you rent out your unused internet traffic, and the companies use it to do their market research and other online tasks.

And how do you make money from this?

Honeygain charges its partner companies for the idle data and shares with you these earning. They, therefore, act as an intermediary or broker between you and the companies that need that internet data.

 How to Sign Up for Honeygain

Before we can go to the signup process, we need to know who qualifies to join this platform. Well, like most other online money-making platforms, Honeygain has a joining age limit of 18 years. However, when it comes to location restriction, the platform doesn’t have any.

This means that wherever you are on this globe (over 150 countries), you can download your app and make some cash passively. All that they require from you is a stable, high-speed internet connection, and you are ready to earn.

When signing up for Honeygain, the first step is to visit their official page, download the app, and install it on your device. From here, you should fill in the simple registration form that will request for details like:

• Your correct email address and password
• Your IP address
• The mode of payment (PayPal)

The signup process will earn you some free $5 which is immediately credited to your account. After this, you can decide what amount of data you are ready to give away to Honeygain.

How Much Data Does the Platform Need from You?

The fact is, Honeygain promises to use the unused data from your internet connection if you sign up with them. But how much is your unused internet? This will be better understood through an example:

Let’s assume that your internet traffic is 10mb/s – meaning that it’s possible to make downloads worth 10mbs per second. Honeygain promises to use not more than 10% of this. This means that they will use around 1mb/s of your connection.

Essentially, you are not supposed even to notice any changes in your internet speeds. This is because the app will run in the background, use minimal data, and won’t affect your browsing. You’ll then get paid for every kilobyte (KB) of your internet, the company uses.

On average, you can expect Honeygain to use around 2GB of your data, every day. However, if your internet speeds are excellent, they can use as high as 15GBs in a day. The more data they use, the more money for you.

How to Make Money with Honeygain

In Honeygain, you get paid for the internet data used by the platform. This means that the more unused data you allow them to access, the sweeter you pay will be. But is this the only thing that determines your pay?

Not really. We’ll be looking at all these factors in a bit. But before that, here is how you make money with Honeygain:

• Sign Up Bonus

This is the first payment you receive in your account – a $5 bonus for simply visiting the site, downing and installing Honeygain app, and filling in your details. You should always give the correct email address, as you need to confirm the account, through a link the platform sends to you through that email.

I consider this “free money,” as you don’t need to do much to earn it. By just having that app on your device and signing up, qualifies you for the pay.

• Rent out Unused Internet Connection

It’s clear, through this Honeygain review, giving the platform access to your idle data, is the main way of making extra money with Honeygain. The more data they can access in a day, the higher your pay will be.

This means that high-speed internet connection is necessary if you are to make any meaningful money. The good thing here is that you can use even more than one device, or more than one internet connection, to help make more money.

Currently, every 10MB earns you one credit. This translates to $1 for every 10GB of data you share – meaning that each credit is the same as a penny.

At this rate, it’s possible to earn even up to $50 a month by just keeping your devices active.

• Referrals

Since the core aspect here is “Sharing,” why not share your new-found source of passive income with your friends and family. In fact, this will help you add even more money to your account.

Every person you introduce to the platform through your referral link, you receive some commission. As soon as you have signed up for the platform, you get a shareable referral link, which you can share with your friends.

You can also share it through social media sites like Facebook, Twitter, and Instagram, which will increase your chances of getting more referrals.

You earn around 10% of your referrals’ earnings. So, the more people you introduce, the better.

See Related: LoadTeam Review

Factors Affecting Your Earnings with HoneyGain

What determines how much you earn with this platform? Let’s take a look as we help you maximize your earnings.

• Your Location

That’s right! Although our Honeygain review disclosed that anyone above 18 years could sign up for Honeygain from anywhere around the world, location still matters.

Since Honeygain is just an intermediary, its partner businesses value some locations than others. This means, depending on your IP address location, you can earn more or less.

• The Number of IP Addresses

While the number of devices alone, might not determine your earnings, combining more devices with more internet connections will certainly raise your earnings.

For this reason, you should not only strive to install the app in more devices, but also connect them to several different IPs. And this way, you earn more.

• Network Speed/Ping

A stable internet with high speeds and Ping is a great recipe for more money from Honeygain. If you want to earn more here, internet speeds of 50Mbp/s or more, and Ping of not more than 50ms is recommended.

With such, you are sure to turn this into a great passive income side hustle.

How Does Honeygain Make Payments?

After all, is said and done, this is the most crucial part. How will you get your money? Does the platform even keep good of its promise to pay?

This is something we couldn’t leave in our Honeygain review.

The good thing is, the platform does pay for the data used. Therefore, you don’t need to worry about not getting paid. The payment process is also pretty straightforward, as the platform pays in cash.

Once your earnings reflect on your account, you can make a withdrawal via PayPal. PayPal is available in almost every country globally, and it’s also convenient as it takes just around 24 hours.

But before you can make that withdrawal, you must meet the minimum threshold of $20.

Also, you should note that you don’t receive the whole amount reflecting on your Honeygain account. The app applies some service charges to your income before sending it to you.

For instance, if you reside in the US, a charge of 2% on your earnings applies.

All in all, although the platform doesn’t pay you thousands of dollars, the amount is still worth it as it demands minimal effort.

Honeygain Review: Pros and Cons

Every online money-making app comes with its upsides and downsides. Our Honeygain review gives you a perfect glance at both sides of this coin.

Honeygain Pros

• Ease of Installation

Honeygain’s installation process is free, easy, and doesn’t require much effort from you. Visit the app’s official site, download, and install the app on your device.

The best thing is, Honeygain app is compatible with any of your devices. Whether Android, Windows, or iOS.

• Ease of Use

The simple and user-friendly interface makes maneuvering the app, pretty simple. Even for the beginners in online apps matters, the platform is easy to get around.

• Safe to Use

This is one area of concern for many prospective users. However, Honeygain has made it clear that your data is safe, and that no one will infringe your data privacy. They have put in place strict measures and protocols to guarantee this.

• Passive Income Source

The platform allows you to make some extra cash while going on your usual daily routine. You don’t need to participate in any activity except keeping your devices active and sharing your internet.

• Responsive Customer Support

From the various online Honeygain reviews, users applaud the responsiveness of this platform’s customer support. It offers 24/7 support for its users regarding various issues.

Honeygain Cons

• Use of Your Battery Life

The app consumes a significant amount of your devices battery life. This usually ranges between 5-10%, depending on how old the battery is.

• The Device Must Remain Active

For the app to work and use your idle data, you must keep your devices active. Otherwise, you might earn very little.

• Depletes Your Data

If you’re on a limited data plan, Honeygain may not be the ideal app for you. It uses your data once you sign up, and might deplete your data before you know it. Only use it if your internet connection is unlimited.

• Limited Payment Options

It pays only via PayPal, which might not be ideal in some regions. Some users prefer having several payment options for their money.

See related: The 11 Seasonal Jobs To Apply For This Holiday Season

Is Honeygain Legit or a Scam?

 

As we indicated at the start of this Honeygain review, Honeygain is among the newest, online make money apps. However, this doesn’t mean that it’s not legit.

Various online reviews about the platform indicate that the platform keeps good on its word, and pays users for data used. In fact, the platform’s payment process is straightforward and pays via a well-known platform – PayPal.

Also, its 100% free to register for Honeygain, which eliminates the worry of losing your money. All you need to do is download the app and start using it.

Final Verdict

Having said all that, this one question still remains. Is Honeygain worth it? Well, this one depends on you.

If you need to add some extra bucks to your income, Honeygain might just be what you need. The platform allows you to earn some money while doing what you usually do. No extra effort needed.

However, if you need apps that pay lucratively, this might not be what you need. Although you earn passively, Honeygain doesn’t pay thousands or even hundreds of dollars a month. It is a small income source to add to your list of side hustles.

As I always say, “the only way to overcome financial restrains in life, is to have diverse income sources.”

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