Loadteam is a profitable platform where you can sell your computing power and earn passive income. Get all the details in this Loadteam review.
Indeed, money can’t buy happiness, but it sure can help you afford the lifestyle of your dreams. If you’re having a hard time earning enough money to meet your needs, there are many short tasks you can take up online in your free time.
I know what you’re thinking. With a 9-5 job that drains you out at the end of the day, you probably don’t feel like doing anything except collapse in your bed.
However, what if I told you there are ways beyond surveys, games, and other paid tasks to make easy money online? You can sign-up for Loadteam and start making money without putting in any extra time or effort. Just download the app and get paid!
Although Loadteam passive income might sound shady, I have reviewed the site from multiple aspects in my Loadteam review to give you the reassurance you need. So let’s dive in.
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Unless you have downloaded Loadteam alternative apps like Mobile Xpression or Honeygain, you are probably skeptical about taking the step. You see, these apps make money by collecting data and using the idle internet connection on your devices.
However, it is essential to conduct complete due diligence on such sites before giving them access to your devices.
The two main concerns that come with downloading such apps on your computer or phone are the misuse of your data and computing power and untimely payments.
With the former, the app can end up damaging your device or using your sensitive information for online malpractice. In case of the latter, you’ll be exposing your device to a third party without any benefit.
Luckily, Loadteam does not have any of these disadvantages. It is a safe and easy way to earn real passive income without lifting a finger. Excited?
My Loadteam review will cover all necessary features and aspects of the platform so you can make the ultimate decision about downloading it.
What is Loadteam?
Loadteam is a computer app similar to Honeygain that uses your computer’s idle data connection to run internet searches and online tasks for its clients.
Founded back in 2014, the platform has a reliable reputation when it comes to protecting your sensitive information and offering timely payments.
Currently, Loadteam is available for users in more than 158 countries worldwide. Unlike other paid services that use your computing power, such as Amazon Web Services and Azure by Microsoft, you don’t have to purchase any extensive hardware to support this program.
Just download the app on your computer and leave it running in the background. Some of its appealing features include the Loadteam calculator that lets you figure out your monthly earnings and a productive help center to answer all your queries.
How Does Loadteam Work?
The most common query that Loadteam users have is why a platform would pay you for doing nothing? Well, think about it this way. How much time do you spend using your computer every day?
If you work from your office, more than 70% of your internet data connection and computing power remains unused throughout the month. Now, if you download their app and provide the required credentials, platforms like Loadteam can use this idle power and pay you for it in return.
Remember, you have already paid for the internet connection and the computing power to your service provider. This means while your computer is sitting idle, you are paying for something you don’t even use.
So while using Loadteam, even though it seems like you’re doing nothing, you provide something of value from your ownership, which entitles you to payment.
All you have to do is download the app and become a member. After that, the app runs in the background without disturbing any of your regular operations.
Unlike other apps that pay according to the data they use, Loadteam pays users for every job they conduct using your computing power. How much each job pays you varies on its length and complexity.
The remuneration for each job will be transferred to your Loadteam account, where you can check and regulate your earnings. Once you reach the minimum payout threshold of $1, you can withdraw your funds through PayPal.
The best part is that you can use your account to run the Loadteam app on as many computers as possible to increase your earnings. Similarly, the app has other offers to maximize your profits which I’ll discuss further in this Loadteam review.
How to Sign-Up for Loadteam?
Signing up for Loadteam is a breeze. The platform has a catchy, well-designed website that you can navigate quickly and become a member within seconds.
All you have to do is click on the sign-up option on the top right and provide some basic information about yourself to get started. However, Loadteam has a few requirements you should know before you select the sign-up option.
Firstly, you should be a citizen of a country supported by the Loadteam service. Considering that the platform allows more than 158 countries, you might easily find yourself compliant with the requirement.
Besides that, your computer system should match the platform’s requirements. If you own a Windows 7, 8,8.1, 10, or later, you can easily join the forum and get paid to share your computing power.
Unfortunately, Loadteam only works on Windows computers. So if you’re wondering does Loadteam have a Linux version, this platform is not for you.
Most importantly, you should have your own PayPal account to become a member of Loadteam. That’s because the company does not offer rewards in any other mode.
Pros of Loadteam
Now that you know the platform’s basic details, you’re probably ready to download the app and start earning right away. To make things easier for you, I have listed down the main benefits of Loadteam so you can check them out at a glance.
Secure Passive Income Stream
Whenever you think of letting an app run in the background on your computer, scary thoughts like viruses, malware, and spyware surely haunt you. But, you can be concern-free in the case of Loadteam.
The platform uses cutting-edge security systems to keep your personal information and your computer safe from harm.
You can even choose the level of computing power you want the app to use. This way, your computer won’t be drained out when you conduct your operations.
Another problem with earning passive income through data collection apps is that they slow down your device. Loadteam reviews show that the platform works gently in the background and does not hinder the computer’s performance ability.
Pays for Every Job
Instead of paying you for the amount of computing power used, Loadteam pays you for each job successfully completed using your data. This means you might get paid multiple times in a day as well.
Allows Multiple Computers
Loadteam has many opportunities to maximize your income on the platform. Apart from sign-up bonuses and referral bonuses, the best part is that you can connect multiple devices with a single account.
Low Minimum Payout Threshold
You can withdraw your payment from Loadteam with as little as $1 in your account. This is an excellent advantage as you can check the payouts’ reliability within a few days of using the platform.
No Hidden Fees
Loadteam does not charge any hidden fee or service charges from your earnings. Moreover, the platform pays for the processing fee for your PayPal account as well, so you can enjoy all the money you make.
Handy Mobile App
The Loadteam app designed for smartphones is handy and productive. Although the primary operations are conducted on your computer, you can use the app to check your earnings, withdraw your payments, regulate your connected computers, and update your profile.
Cons of Loadteam
Although the benefits of Loadteam might make you want to sign-up right away, there are some downsides to the platform as well. Whether they’re negligible or deal-breakers for you, I have listed them down to give you an honest representation of the forum.
Only Pays Through PayPal
Loadteam processes all its payments through PayPal. So, if you live in a country that does not support PayPal or don’t have a PayPal account, you won’t be able to join.
Earnings Might Be Insignificant
Each completed job on the platform will pay you anywhere from $0.10-$0.25. Although something is better than nothing, the earnings are pretty insignificant.
No Gift Cards
You can only redeem your rewards in cash, which makes the earnings even less productive. Most platforms let you avail discounts and deals on your favorite products to put your money to good use.
However, with Loadteam cash payments, all you will get is some spare change in your pocket.
After going through the basic details of the Loadteam app, it is time for the detailed part of my Loadteam review. Here, I have explained all its features in detail so you can decide whether you want to join or not.
Loadteam Earning Potential
An essential aspect while signing up for Loadteam is to keep your expectations realistic. While this platform does help you earn money doing nothing, it won’t make you rich overnight.
You will only earn a few cents for every job the app completes using your computing power. Mainly, your earnings depend on the amount of computer power you have to spare.
First of all, your CPU should be powerful enough to perform enough operations for the platform. Similarly, you should allocate a high percentage of computing power if you want to earn a significant income on the forum.
Secondly, you’ll have to keep the app running quietly in the background at all times. The longer you keep the app running, the more jobs it will complete, and your earnings will add up.
Loadteam Referral Program
If you want to increase your earnings on Loadteam, you can share its referral link with your friends for money. If your peers join through your link, you will get 10% of all the jobs completed through your friend’s computing power.
I know, 10% from a few cents doesn’t seem like much, but it can add up quickly and generate a steady income for yourself. What’s more, there’s no cap on the number of referrals you can provide.
There are other profitable offers to increase your income on Loadteam. You can download the app on multiple platforms and earn more money. Also, you’ll get a $0.20 bonus just for joining the platform.
Another technique is that while the platform only uses 20% of your computing power by default, you can increase the power used to earn more money.
The payouts from Loadteam are safe and effortless. Whenever you reach the minimum payout threshold, simply click the ‘withdraw money’ button on your user dashboard to initiate the payment process.
After that, you will receive your money in your PayPal account within two days without paying any processing fee. You can also let your earnings build up in your account and withdraw the amount whenever you like.
Mobile App and Calculator
As I mentioned, the Loadteam mobile app lets you track all the jobs the platform completes using your computing power. Besides that, you can track your earnings and withdraw them through your smartphone.
Besides that, the Loadteam calculator is another great feature that helps you figure out your total earnings. You can put in your computing power level along with the hours you’ll keep the app running, and the calculator will show you your estimated payments.
This way, you can decide whether the platform is worth the hassle or not before you become a member.
Loadteam offers impeccable customer service. User reviews show that they provide prompt replies to emails through their contact page.
Similarly, there’s a neatly organized FAQ page with comprehensive responses to your questions that you can refer to if you have any operational problems.
- Ease of Use – 5 / 5
- Customer Service – 3 / 5
- Features – 4 / 5
- Value for Money – 3 / 5
Is Loadteam Legit?
Yes, Loadteam is a legit and profitable platform for those looking to generate a passive income stream online. It is easy and completely safe to use.
Moreover, it gives you timely payments through PayPal along with opportunities to increase your income.
The best part is, you’re getting the money without doing anything, which already makes it better than most get-paid-to websites.