Honeygain Review - Passive income for free?

What is Honeygain?

Honeygain is the perfect solution for anyone looking to make passive income, with 5 minutes work. The app is "set and forget" once you have signed up, making it a perfect side income for anyone with a tight schedule. Honeygain is an app you can download on your PC, Mac or Android phone, there isn't yet an IOS version, however one is in the works. Once the app has been installed, it uses your internet data, which is then used by Honeygain's partners for market research and data collection. It is worth noting that the app does not spy on you, all your data is anonymised so your personal data is not at risk. The app performs tasks in the background using your spare bandwidth, which would otherwise go unused, and you will not find any noticeable decreases in either your battery life or internet performance. Keep reading to find out how it works...

How does it work?

Honeygain works by utilising your spare bandwidth, in order to "rent" it to their partner companies, in turn they pay a split of the profit to you, which can be withdrawn once you reach $20. Honeygain's partner companies use your bandwidth for crowdsourcing information, market research and brand campaigns. Honeygain's website is very clear on how they use your information, ensuring you that your personal data is safe.

How do I get paid?

Payment through Honeygain is simple, all you need is your PayPal account details and the money will be transferred to you, which can then be withdrawn to your bank account. Payments are normally received pretty quickly, however at busy times this may take up to 2 business days. Please bare in mind that you must be 18 to use a PayPal account, so use a parent or guardian's account if you are under 18. The minimum payout threshold is $20, which is quite high, so it is important to check your balance frequently and withdraw as soon as possible, in order to get your rewards in a timely manner.

How do I sign up?

Accessing this link will take you to Honeygain's website, and allow you to create an account and receive a $5 free sign up bonus. Please note that I will receive a small commision from this link. To sign up, enter your email and a strong password, that is all the details Honeygain needs to function, so you can rest assured your information is safe. Once you have signed up, download the app to your PC, Mac or Android phone, and when promoted, allow it to run at startup. This will allow Honeygain to work in the background as soon as you turn your device on, meaning you earn passive income effortlessly.

Does it have any drawbacks?

Whilst Honeygain is a great app, there are a few things to keep in mind, the main one being is that you should only use Honeygain if you have unlimited data, or on a stable wifi connection, using Honeygain on a limited data plan will eat up your data, possibly resulting in extra charges. For the Android app, there is an option to only run on WiFi, which I would recommend enabling. Another thing to keep in mind is that whilst battery impact is minimal, on a older device it could be more noticable, causing the battery to drain quickly. Using it on my own devices, I have not noticed any additional battery drain, and hardly notice the app is running 9/10.

Are there any sign up offers?

Using this link, you can get a $5 sign up bonus, perfect to shorten the amount of time it takes to cash out your reward. Please bare in mind I may make a small commision when you use this link.