So, you have an unlimited/ limited but high amount of data pack left because you hardly get time to scroll through Instagram ( thanks to a busy working schedule).
Did you know that you can put this internet allowance to good use and earn money from it?
Well, Honeygain is one such app that allows you to earn by monetizing your mobile data.
They make your data allocation available to different business partners and in return, you earn credits redeemable into cash. Sounds amazing, right? It is a good passive income source, but before you use the platform, learn more about it from this article.
What Is Honeygain?
Honeygain claims to be a secure online platform helping you to earn passive money by simply sharing your internet and bandwidth with them. So, what’s their catch? How do you earn from Honeygain? How does Honeygain work?
Well, with this platform, users act like Digital middlemen or residential proxies. You have to share your internet connection and bandwidth with Honeygain, and they will share your connection with different business partners.
Honeygain’s partner’s use the data allocation and the bandwidth for completing a range of online tasks. These tasks involve checking unlicensed product copies, checking the performance of their ad, and checking if their business apps are running properly in different locations.
To answer how the platform works, we will say that they use user data allocation and bandwidth mainly for market research and ad verification.
In exchange for sharing your data with Honeygain, you will earn credits redeemable for cash or cryptocurrency later on. So, yes, the earning process is passive and you don’t have to do a thing to earn money using Honeygain. However, there are different factors affecting how much you earn using this platform. We have discussed those factors below.
How To Earn From Honeygain?
As you can already assume that it is relatively easy to earn from the Honeygain platform. Earning from Honeygain is pretty simple, and all you need to do is follow five simple steps to earn from Honeygain. Here are the steps –
Set Up Honeygain
As we explained before, all you need is a stable internet connection to earn from Honeygain. Once the Honeygain download is complete, you can start using it to make money. But, first, you have to install the app on your device. The app is supported on devices run by different operating systems like Linux, Windows, Android, and MacOS.
Run The App
Once you are done setting up the app, you have to run to it and start earning from it. Don’t worry, you do not have to compromise your security or personal information when using Honeygain. Your internet is securely shared with other users/business partners.
Let Them Gather Information
No, this is not your information. Honeygain uses your internet connection to gain access to and accumulate information publicly available on the internet. You have to keep your internet on so that the app can gather the necessary information.
Help Different Businesses
Your internet and data bandwidth is valuable to some of the most credible businesses. Some large corporations use your data to check different web statistics, compare prices, and run different verified business processes. So you understand how valuable your data is to Honeygain.
Get Paid For Traffic
While using Honeygain, you can earn credits for sharing traffic. You can choose to get a payout using platforms such as Paypal or JMPT.
Factors That Affect Your Earning Using Honeygain
There are different factors that affect the amount you earn using this application. These factors are as follows –
Users Location: the amount you earn through this app depends upon the traffic demand that the Honeygain business partners requires from a selected location. The users in that locations also are the deciding factor for your earning using this app.
The Number Of IP Addresses: The number of your earrings also depends upon the number of IP addresses your device is connected to.
Network Speed: Yes, we did say that you need not have a superfast internet connection to use Honeygain. But the faster your internet connection is, the higher chance you have of earning more money.
Pros And Cons Of Honeygain
Here are some of the pros and cons of this platform you need to know before using this app for passive income –
- Honeygain is what you call a true passive income app. Once you have signed up on the platform you need no activity to earn passive money.
- The app requires a stable internet connection but there is no need for a superfast internet connection.
- Users can earn in a 10% rate from the earnings of their referrals’ daily earnings.
- Although the Honeygain platform claims that its partners are reputed businesses who use your internet for valid business reasons, you have no control over which businesses use your connections. You cannot control what sites or data are getting accessed.
- Information about the owner and the management is limitedly available on the internet. This puts doubts in the minds of many users.
- You have to pay a high amount of fee for the cash-out process charges relatively high fees.
Is Honeygain Safe?
If you are asking whether Honeygain is legit or not, then the simple answer for that is – YES. You can download it on your device with ease, and the platform also rewards its users just as promised and you can use the app without any major complications.
But, when it comes to safe use, there are some issues we need to address. The app does not provide adequacy in terms of ease of use. In fact, many users complain that the app is often difficult to use. Also, the company does not provide any clarity regarding how the data you share is used by their business partners. They assure that the user data remains safe, but there is no clarification on how they protect users’ personal data.
Many areas of the platform are unclear including the owner and the management of Honeygain. Also, since you are sharing your IP address with a third-party business, you are genuinely accountable for the actions of those parties when they are using your IP address. Although you earn passive money, there is a certain risk that you cannot ignore.
However, if you have no problem sharing your IP address with this platform you can use it to make money. I hope that this article was helpful. However, if there are any additional queries you can ask them in the comment section. Thank you for reading this article with patience.