Cash Magnet app review: is it legit? We’ll tell you!
If there's one thing we love, it's free money. But is it really possible to make money doing nothing by investing $0? That's the promise of the Cash Magnet app, and in this review we'll tell you if it's real or a scam.
Understanding Cash Magnet app: earn money doing nothing
If you’re looking for some way of making extra money, read this Cash Magnet app review to understand how it works.
After all, is it legit? How can you earn money doing nothing? Find the answer to your questions by reading this post.
Nowadays, digital tools are enabling ways to generate income through advertisements and website monetization. Your time, attention, and interaction are worth money too.
Some apps and websites allow you to take advantage of these tools and make money instead of just generating revenue for other people.
The Cash Magnet app is a way to passively generate money, as you will see in this review.
Cash Magnet app: understand how it works
Cash Magnet is a mobile app for Android users that generates income while you’re not using your cellphone.
All you have to do is download the app and let it run. The app will search for banners to click and advertising to watch and get rewards for it.
While it is running, you collect points that you can redeem as money in your PayPal or as Bitcoin and Ethereum. You can also download a few other apps from inside this app to earn extra points.
But there are a few drawbacks to this app. Like the download is made directly from the website and not from a safe app store like Google Play.
Most people will get something between $2 and $5 per month. Your cellphone can also get pretty unstable, and it can damage your operating system and battery.
You will be redirected to another website
Significant benefits and disadvantages you may find
Even with attractive advertising, this app has benefits and drawbacks. Remember that if there was a magical way to get rich without doing anything at all, everyone would already be doing it.
Be cautious and critical of offers that seem too good to be true. Cash Magnet can give you a few bucks, but nothing surprising.
Here are some highlights with pros and cons in this Cash Magnet app review:
- The app is free to download and to use
- Do not require you to stay active doing things on your cellphone, like filling out surveys or interacting with advertisements.
- You can redeem your rewards as cash through PayPal or as cryptocurrencies to your digital wallet.
- It can only be used on Android.
- The download of the app can not be made through a safe app store, just on the Cash Magnet website.
- The gains are pretty low, and the expectation is $15/month max and only if you’re the perfect user, which means a good cellphone is running 24/7.
- It can decrease your cellphone performance.
A good credit score is required for applicants?
You don’t need any type of credit check or financial information. The application is pretty simple, and all you have to do is create a log-in and inform your PayPal account to receive your money.
Learn how to apply and get a Cash Magnet app
If, after reading this review, you’d like to give a chance to the Cash Magnet app, we’ll show you how to properly install and use it.
Just check the following content, and you’ll find every piece of information you need to get this app and start using it.
About the author / Julia Bermudez
How to join TAB Bank: open your account online
Are you looking for a new online banking experience? Check out our simple, step-by-step guide on how to join TAB Bank today!Keep Reading
Discover it® Student Chrome Card review
If you’re a student looking for financial independence, then this Discover it® Student Chrome review is for you. Read on to learn more!Keep Reading
How to open your Bask Bank Mileage Savings account
In this article, we will show you how you can easily open your Bask Bank Mileage Savings account and start saving.Keep Reading
You may also like
SoFi Personal Loans review
Check out our SoFi Personal Loans review and learn how to get your lowest rate today with no hidden fees and fast pre-approval!Keep Reading
Wells Fargo Bank review: Is it trustworthy?
Are you looking for a new and innovative banking experience? Then check out our Wells Fargo Bank review to learn what it can do for you.Keep Reading
Ink Business Cash® Credit Card application: Unbeatable Rewards!
Looking to get a cashback business card? Read this Ink Business Cash® Credit Card application guide and get yours in a few minutes.Keep Reading