Almost all of us have access to the internet, thanks to cheap mobile data plans. We often unable to use the complete mobile data and many of us have Wi-Fi at home with unlimited internet plans.
What if we are able to exchange the excess data and win some cash rewards? This is actually possible by installing the Honeygain app on our devices.
A side hustle is necessary to fight with increasing inflation and maintain a good standard of living. Honeygain may prove a useful application to make a little bit out of unused internet data.
What is Honeygain? Is it legit?
Yes, after searching a lot on the internet and going through many reviews I arrived at the conclusion that Honeygain is a legit company.
Honeygain is a company established in 2018 and engaged in building a crowdsourced residential proxy network.
Honeygain has created a first-ever app which allows us to generate passive income by sharing the internet connection. We can share the excess internet data with the users scattered all over the world and make money online.
The best thing about the app is you just need to install the app and whenever you use internet it will make money for you.
What are the requirements for Honeygain?
Most of the things required to start earning with Honeygain are already available with us. The list is as follows:
1. We need one of the following devices: Windows PC or laptop, Android device, Mac, iPhone, iPad.
2. An internet connection or mobile internet.
3. A PayPal account to withdraw earnings.
How does it work?
Honeygain is a crowdsourced network company that lets other businesses to gather information, data intelligence and perform market and business research.
Honeygain shares an idle network connection to tier partner companies.
Honeygain “rent” out our excess internet data to companies for crowdsourced information processing, brand protection campaigns, SEO monitoring, ad-fraud prevention, enable streaming, and many other uses.
These companies further use this data for crowdsourcing information, planning out SEO strategies, and deriving brand campaigns.
Data scientists use the honey gain platform to connect to the internet and then use your unused data for their market and research purposes.
Is it safe?
All of us are concerned about internet safety and personal data.
Honeygain clearly states how they carry out their work and what data they require for the services. Honeygain team ensures that all of our data is completely safe with them.
Honeygain’s app connection is inaccessible by outsiders and is fully encrypted, guaranteeing that the private information is unreachable.
Apart from that, we can turn off the application at any time just by clicking on the Honeygain icon and clicking on ‘quit’.
The information required by the Honeygain is already mentioned on its website:
Email: We need to provide email address to slog-in into Honeygain and to receive important notification related to our account and service.
Payment Information: We need to provide the preferred payment information to get the payout.
Device information: IP address , OS of device, location(city and country), the information is used to check if it can used for public internet resources.
Network information: To connect the device and monitor or control the data usage.
How can I start?
We need to follow the steps below to start earning with Honeygain:
1. Download the app on the device using the following link and get $5.00 joining bonus.
2. Install the app
3. Signup with the email address and password
4. Referral bonus of $5 will be credited to your account and it will start collecting credits for you.
5. These credits can be converted to cash directly to your PayPal account.
They don’t limit the number of devices connected to your account but they do suggest spreading them across several internet addresses for effectiveness. Honeygain has restricted the number of devices to 2 for a single network connection.
I did not feel any difference with the app running in the background.
Honeygain states they never use more than 10% of the available network bandwidth.
How can I collect credits?
As soon as we install the Honeygain app on the device it will start collecting credits.
The number of credits we require to make a $1.00 are as follows:
$1.00 = 1000 Credits
Now, here are the stats to earn credits:
1 Credit = 10Mb
So, $1.00 = 1000Credits = 10,000Mb
$1.00 = 10Gb
We need to share 10Gb data to earn $1 USD, hence it is more suitable for home or office wi-fi.
How can I earn?
1. Sharing data : We can earn credits by sharing the data and credits can be exchanged to PayPal cash.
2. Checking in daily: We get credit points for checking in to the Dashboard daily. The maximum reward I have got so far is 100 credit points and the minimum was 20 credit points.
3. Referral earnings:
We can invite our friends to install Honeygain app and earn 10% of whatever our friends earn from Honeygain.
Ex. If your friend earn 100 credit points you will be getting 10 points as referral reward.
How can I redeem credits earned?
The threshold for withdrawal is $20.00 hence we need to collect 20,000 credit points in order to request withdrawal.
Honeygain has two options to redeem the credits: PayPal and Bitcoin (BTC).
We will be presented with the both options after requesting for the payout.
You can expect the payment in your account within 3 business days.
Does Honeygain have a support team?
Yes. Honeygain has a support team to assist the clients.
We can either drop an email to [email protected] or visit https://www.honeygain.com/ and initiate a live chat. The chat seems to answered by chatbot and the answers are in the form of articles related to customers query.
Honeygain also has a vast FAQ section. You can check the FAQ’s here: https://honeygain.zendesk.com/hc/en-us
What are advantages and limitations of Honeygain app?
1. It is a truly a passive income source as you actually just need to sit back and let the Honeygain perform its work.
2.The Dashboard and the app both have user friendly interface.
3. Easy and direct withdrawal to PayPal
1. The rate of earning is very slow but it is justified as you have to do nothing.
2. PayPal is the only payment method available right now.
3. The threshold for withdrawal ($20.00) is little bit on the higher side.
4. The payment processing charge for the PayPal is $1.00 which is little bit on the higher side.
My money perspective:
I have to pay Rs.700/month for my broadband connection at home. The speed of the internet I have is 10Mbps and it is unlimited.
The rate for the connection in urban areas is low as compared to rural areas. The monthly charge for the urban area should be around Rs.500/month for the same connection.
Now, even if I am able to rent out 10Gb data in a whole month I will make $1.00 which approximately equals to Rs.75 which is like 10% discount on my monthly internet bill.
It has been installed on my device for almost 10 days and I am able to make more than 500 credits with my 10Mbps connection, so I am definitely going to make more than $1 within a month.
The credit score depends upon various factor including speed of internet, location and lastly the time for which we are using the device and allowing the Honeygain to share the data.
I did not notice any changes to my internet browsing experience so far after keeping it installed on my Windows computer and Android smartphone. I guess it is worth trying to install the app on the device.
Click the link below to get the app installed on your device and earn an instant referral bonus of $5.00
Note: I will update payment proof here as soon as I get it to my PayPal account.
“As an Amazon Associate I earn from qualifying purchases.”