CashMagnet
CashMagnet is one of the more well-known mobile apps that makes the claim that it may help you make money passively. You get paid by the app for not using your phone—for each minute you do nothing!
Cash Magnet is an app for Android smartphones, tablets, and other devices that were created by GameProd in 2019.
Earning money while doing nothing at all can be suspicious and present various security issues. The majority of people are concerned that CashMagnet may be using your phone to secretly acquire personal information and engage in other dubious practices.
CashMagnet guarantees complete security. Your phone's settings and data won't be misused or stolen. However, seasoned users advise only using a backup phone that doesn't contain your accounts, financial information, or any other private information.
What differentiates it from other GPT websites?
CashMagnet does not provide time-consuming paid surveys, unlike comparable websites like AppKarma and AppTrailers. The only thing you need to do is nothing!
The program browses your websites, looks at banner ads, and engages in various forms of marketing to drive traffic to companies and marketers. CashMagnet was developed as a bot for these well-known brands, and you get paid when they make money.
How Does CashMagnet Work?
CashMagnet, as was already mentioned, effectively transforms your phone into a vessel in the advertising network. You can be compensated a small amount for helping the app collect data by installing games and clicking on web advertisements.
Consider it this way: You voluntarily permit your phone to participate in internet traffic through the app, and as long as you permit it, it will exchange this valuable data for passive revenue.
Simply allowing the program to run in the background results in a significant portion of your revenue from it. This opportunity—not having to work—comes as a wonderful surprise for someone who will shortly retire.
CashMaget allows you to earn points every five minutes. To do this, follow the steps below:
- Step 1: Open the app and click on the “Start” button. Keep in mind that the timer automatically begins once your phone becomes idle.
- Step 2: Once you leave your phone, the app will be browsing sites and installing games on your mobile device, generating traffic that brands and advertisers need.
- Step 3: By allowing the app to do all these, you allow them to earn money from sponsors, which you can then earn in return.
The only things you need to check are the storage space and battery life of your gadget. To run in the background, especially while you sleep, it must have enough battery life and storage space for games.
What Are The CashMagnet App Levels?
Your level will increase in the system as you continue to use the program. For example, all users start out at level 1, and when you use the app in passive mode for a longer period of time, you'll have the opportunity to level up.
You can gain more points as you rejoice in leveling up. Additionally, you'll have the opportunity to use the passive mode for much longer, giving you additional opportunities to make money.
The program can be used at its highest setting for a full 24 hours without being interrupted. That's a lot of points, but since you'll be using your phone frequently, having a second phone that you can use only for the CashMagnet app is the ideal choice.
You can start manually installing games that give you the chance to gain more points after you reach level 3. Fortunately, you are not required to play the games you have downloaded.
If you already received the rewards, you can simply uninstall them to avoid running out of storage space.
How Much Money Can You Make On CashMagnet?
The amount of money you can make with CashMagnet relies on a variety of factors because it does a lot with your idling phone. Points obtained through downloading games are distinct from those obtained by merely seeing advertisements, for example. The following details are also taken into account by the app:
- The Android version you’re using
- The number of games you’ve installed
- How long you’ve let CashMagnet run your phone.
Regarding profit, there is no conclusive answer, however, CashMagnet states that it can give you up to $15 each month. However, the aforementioned elements have a role in this. You can run the app on up to 4 phones, although it does require a little bit of patience.
Depending on the prizes you choose to redeem, 500 points are worth a variety of items. Your 1,000 points are worth $1 in Amazon gift cards. For PayPal, 5,500 points are required to receive $5.
How Do You Get Paid On CashMagnet?
We can confidently conclude from the information we've gathered and the discussion we've had thus far that every task you complete in the mobile application will result in passive income for you. You can redeem prizes, including merchandise from the following partners, using the points you accumulate.As the minimum payment requirement, all users are anticipated to attain $1. Users can accumulate enough points to receive incentives in as little as two days, and because of its straightforward reward structure, there are no hassles to worry about.
More importantly, doing nothing at all will benefit you. A little patience and one or two more gadgets are all that is required.
How To Sign Up With CashMagnet?
You can sign up as a member of CashMangent wherever you are since it is accessible to users everywhere. The only restriction is that customers can only use PayPal cash withdrawals if they are at least 18 years old.
There are two options for the signup process:
- Method 1: Sign up on their website first and proceed with the Cash Magnet app download later. You will be allowed to use your existing Google account, but it’s best to provide CashMagnet login details you want to use solely for the app.
- Method 2: Directly sign up on the app as soon as you download it.
The two approaches are very similar, and fortunately, registering will only take a minute or less of your time.
You can now get Cash Magnet for iOS. It's a shame that it is an Android-only app.
CashMagnet Pros And Cons
Cashmagnet appears to be a promising opportunity so far, but caution should always be exercised. The internet is rife with scams, but some apps simply don't offer enough value for your money to make you want to invest.
We've compiled a list of CashMagnet's benefits and drawbacks to assist you in determining whether it's the best choice for you:
Pros Of CashMagnet
- Earning will be 100% passive—no time-consuming surveys
- A supportive customer service team
- A low minimum payout of only $1 (for Amazon gift cards)
Cons Of CashMagnet
- User can’t use the phone while the app is running
- Low earnings
- The app requires a phone with good storage capacity and battery health
CashMagnet Reviews And Complaints
On Trustpilot, CashMagnet has received a rating of 3.8 out of 5, indicating a combination of positive and negative comments. Since the program actually compensates users, it is not a scam.Many users complain about the following aspects:
- Delayed payments
- Bugs preventing them from earning or running the app
- The app uses up significant resources from your phone
Because the program can drain your device's power, many advise using an outdated phone to use it.
CashMagnet Alternatives
If you’re looking for apps like CashMagnet, we’ve gathered these alternatives for you to check out:
- Panel App: Another good passive income option, the Panel App allows you to share location data anonymously from your phone. You don’t need to open your app at all for this option, but you can earn more by completing other tasks like surveys and referrals. The app works on both iOS and Android, allowing you to earn through Amazon gift cards or MasterCard balance.
- Slidejoy: If you don’t think much of your lock screen, Slidejoy offers to pay you by simply displaying ads on your lock screen! You can also earn extra points by simply using your phone or through free scratch cards that replenish every 5 hours.
- Smart Panel: Like the CashMagnet app, Smart Panel collects your usage data anonymously and pays you for it. You can simply head on over to their website and complete the survey, and once done, you’ll be given a link to download the app. However, this option is only available for UK and US users.
Final Thoughts: Should You Invest In CashMagnet?
With the help of the program CashMagnet, you can make money without working. It has a tonne of useful features but also some drawbacks, such as the need for a special mobile device, which not everyone may find appealing.
However, if you're about to retire and believe you won't want much—just a few more dollars here and there—this software might be for you.
This program is great since all you have to do is leave it running in the background. Although you won't make much money, the perks might mount up and are unquestionably helpful in the long run.
