Posted by Cash magnet is a passive income & you can make extra cash while doing nothing.
You don’t have to perform tasks like playing games or taking a survey. A cash magnet is different, and you let your cash magnet run its background and earn you money. How does that sound?
Nowadays, there are hundreds of apps for making money, & you can earn in your free time.
It would help if you had an internet connection on your phone, & you are on your way to earning passive income with a cash magnet.
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Cashmagnet overview
Name: Cash magnet
Website: cashmagnettapp.com
Owner: dev game
Downloaded: 10k
Is cashmagnet legit?
Yes, Indeed Cashmagnet is a legitimate site. However, you won’t get rich, nor will you make a lot of money.
You can download it on your Android phone & install it & it is said that you will earn points every 5 minutes.
The sale page claimed that you could earn enough to buy a new phone, but in my opinion, it would take a very long period as your earning potential is shallow, and you will not make USD 50 per month.
What is cashmagnet all about?
Cashmagnet is an app for Android & you don’t have to do anything to earn.
I guess so long as you have an internet connection, you can make the money.
You have to let the app run itself & that is how you can make money by doing nothing. You know Cash Magnet is similar to Honeygain, and Honeygain can run its app by itself & do nothing but still can be earnings.
I want you to know and understand that for Honeygain, it would take six months for you to cast out your earnings.
How does cashmagnet work?
It is pretty simple, and you have to download the app on your phone so that it can start running & and you could start to be able to make money:
- (#1)) downloaded & installed the Cashmagnet app, which is only available on the Android Play Store and not Play Store.
- ((#2)) You can create an account with your Gmail account or email. Maybe you might need to confirm your email. Anyways, it simply stays.
- ((#3)) you can start running the app once you have already registered, and you don’t have to do anything at all. ( I guess the system is working for you )
Furthermore, as the app runs, know that you are earning points and not cash like unto honey gain. The more points you have, the more you can exchange for gift cards or even cash, which is PayPal.
((#4)) Cash Magnet has a level system and referral programs as well. Anyway, it is not hard to use.
If you have a lot of referrals & people you are invited to, in my opinion, it is possible you can earn up to $15 per month.
In some articles I read, I saw payment proof. Thus, I believe Cash Magnet is a legitimate platform & not a scam.
How does Cashmagnet pay you?
Gift cards and PayPal, however, you are earning points & you are to convert your points into an Amazon gift card, Google Play gift card, or PayPal.
According to my research, you might need to pay for taxation & tax, but your earning is already so little.
The best solution is to get yourself a referral because the more referrals you have, the more cash you will be making.
The benefit of cash magnet
You will be earning a passive income & that is good news. Note: you are doing nothing at all.
As for me and my experience with honey gain, I was earning $40 from Honeygain, but it almost took me years. Thus, $40 a year, I think, is worth it & not worth bothering.
Everyone is different.
No investment is needed; thus, you do not need to deposit your money, which is pretty good.
Cashmagnet pro and con
Pros:
- It’s a legitimate app and not a scam.
- You can earn passive income without doing anything at all.
- You know the app also has a referral program & you can earn 5% to invite your friends.
- The minimum payout in cash was just $1, but for the gift cards, it was $5
Cons:
- It drains your phone’s battery life
- You won’t make a lot of money.
Final thoughts.
Thanks for reading my review & if you have any questions, comment below. I will get back to you 24 hours later.
What I love about Cash Magnet is that it is a passive income & that you do not need to do anything. So you have to run the app & earnings. I think that sounds so good.
I wish that it would be paying more. Imagine $40 per month while doing things I think sound so good. However, It does” n’t work that way.
Anyway, you can earn extra money in your own time while doing nothing and let the app run by itself in its background.
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