As passive income solutions are becoming more and more popular these days, naturally, the ways how to get passive income are growing in numbers, too. Whereas a lot of these ways require an investment of some sort to get started, passive income applications usually offer you free money without any investment whatsoever.
One of these applications is Honeygain. With three years of service and a large userbase, it seems to be the leader in the market. However, does it really work as advertised?
What is Honeygain?
Just as previously mentioned, Honeygain is a passive income application available on every operating system (Windows, macOS, Linux, iOS, and Android). With this application, you share your unused internet bandwidth and get money for doing so.
Honeygain is easy to use, there is no effort required besides just creating an account and installing the application itself. It runs silently in the background, gaining you free money for as long as it is kept running.
Honeygain uses a credit system to pay its users. Credits can be converted to either actual currencies or to cryptocurrencies of your choice.
How much can you make?
The earnings you would get by sharing your unused internet bandwidth depend on a few factors. These are the demand for traffic in your region, as well as the number of Honeygain users in your country.
Honeygain is paying you 3 credits for each 10 MB of internet traffic shared. With that in mind, the system works in a very simple way – 1 000 credits are worth $1. As noted previously, if the demand for traffic in your region is high, you would earn more each day. However, the same is true in the opposite direction, too.
On this passive income application, you can use one device per IP address. Having more than one IP address at your disposal would increase your earnings. Since most of us have both a desktop device as well as a mobile device, we already have two IP addresses at our disposal. That is the mobile network IP address and the IP address that we use on our WiFi connection.
You can check out the calculator on Honeygain’s page to estimate your overall earnings.
It should be noted that you would need to gather $20 worth of credits (that is, 20 000 credits) in order to payout. This is the threshold that Honeygain imposes. But it should be easy to reach that sum for you.
Once the payout threshold is reached, you can request the payout via the traditional method of PayPal. Alternatively, you can request a payout in JumpToken – an easy-to-use cryptocurrency. This option is viable for those who do not use PayPal or those who understand that cryptocurrency price fluctuates and the sum received can become larger than $20.
Besides the default functionality of Honeygain, they also offer a Content Delivery system. Basically, in it, your unused internet bandwidth is used for more bandwidth-intensive stuff.
With it enabled, you would net an extra 6 credits for each hour spent there. As you can see, while this mode is enabled, you get paid by the hour rather than by megabytes. Needless to say, both the default sharing and Content Delivery can be used at the same time.
However, it should be noted that the Content Delivery on Honeygain works in certain countries only. But the list of them is rather large so you should be able to get some extra income with it.
Honeygain also offers a generous referral system. In it, by registering using a referral link, you would get instant $5 worth of credits to your Honeygain account. If you are a referee, you would give a $5 sign-up bonus to your referrals, and you would get the equivalent of 10% of their daily earnings.
Also, Honeygain offers a Lucky pot – it appears daily and by opening it, you can get some extra credits to your Honeygain account. You can win from 10 to 10 000 credits by it. As the lowest sum, you can win is 10 credits, you are certain to get at least something by opening it every day.
By using all of these features in a combination, you are sure to get some extra free passive income completely effortlessly.
All in all, Honeygain does work as advertised. It is a completely passive income that can be utilized by anyone who has an internet connection. It is free to use, it works in the background without you even noticing it, and, most importantly, it gives you free money.