There are a lot of different opportunities that you can find on the internet when it comes to making money.
There are thousands of websites out there that offer various ways for you to earn some money. You can make money answering surveys, downloading apps, doing freelance work, watching videos, and so on.
Now, it is important to remember that not all of these opportunities are legitimate and worth your time and effort.
There are also a lot of them that turn out to be a scam or just a complete waste of your time. This is why we review these money-making opportunities.
We want to see which among them is worth recommending or checking out and which among them should be avoided.
In this review, we’ll be looking at a mobile app called CashMagnet. It’s an app that offers Android device users an opportunity to make money passively.
That’s right, you won’t need to do anything in order to make money from this app, except to just install it on your device and push a button.
The amount of money you can earn monthly is about $15. It can go as high as $60, but you’ll need 4 Android devices to reach that. But is CashMagnet really legit or is it just a scam?
You can also check out the step-by-step training that helps me earn over $10,000+ per month working from home.
CashMagnet App is A Legit Opportunity To Make Money Passively
CashMagnet is a mobile app that offers people with Android-powered devices an opportunity to make some money online.
You don’t need to do anything. Just install the app on your device, push a button, and it will do the rest. The app pays in points, which you can redeem for various rewards, including cash.
Based on what I’ve seen so far, I can say that this opportunity is legitimate. You can really make money with this app just by installing it on your Android device.
A lot of people have also confirmed that the app has paid them, so you know you will get paid. However, there are also issues and complaints about this opportunity.
Chief among the issues is the fact that CashMagnet will require root access to your device. Another issue is that the app tends to freeze and crash when you do other things on your device.
There are also complaints that it takes too long for CashMagnet to give you your reward. I’ll discuss these issues and complaints in more detail as we progress further in this review.
Who Uses CashMagnet App?
The CashMagnet App is designed for people who are looking for opportunities to make some money online and also owns an Android-powered device.
The app offers an opportunity for you to make money online and the best part is that you don’t really need to do anything.
Just install the app on your device, press a button, and it will do the rest. The opportunity, though, is only available to Android-powered devices.
So unless your device uses Android as its OS, you won’t be able to participate in this opportunity.
You are paid in points, which you can redeem for various rewards. In the next section, I’ll discuss in more detail how CashMagnet App works.
How Does CashMagnet App Work?
CashMagnet is an app that offers an opportunity for people to make money using only their Android-powered mobile devices.
The opportunity offered is passive income, which means you don’t have to do anything on the app in order to earn.
To start earning, you first need to download the app from the Google Play Store, which is free. After downloading it, you need to create an account.
You can choose to sign up via email or through your Google account. Once done, you just need to agree with what the app will do and you can start.
Basically, CashMagnet searches for online ads and clicks them automatically. Once you have set up the app and press the start button, the app will browse for online ads and it will start clicking them for you.
You are paid in points for allowing them to do this. Now, it is important to remember that when you press the start button, you won’t be able to use your device or else the app will freeze and crash.
Now, you only need to do this for a certain duration and after that, the app will stop. Once the timer has stopped, you’ll earn points.
To start earning, you first need to download at least one of the CashMagnet game apps. Doing so will also earn you points.
After downloading a game app, you can see the duration of how long the app will be viewing the ads. One game app will provide you with a duration of 1 hour and 29 minutes.
At the end of that duration, you’ll earn 3 points. Downloading another game increases your duration, thus also increasing the number of points you earn.
CashMagnet also has levels, where the higher level will increase the running time of the apps, allowing you to earn more points. To level up, you just need to reach a certain number of points.
Aside from earning passively, the app also has a referral system where you can earn 5% of your referral’s earnings if they signed up using your unique referral code.
Now, if the person you refer also refers someone, you also get to earn 5% from the earnings of your referral’s referral.
So, what do you do with all the points you earned? You can choose to redeem them for Amazon Gift Cards, PayPal Payments, Bitcoin, Or Ethereum.
The lowest reward you can get is a $1 Amazon Gift Card, which costs 1,000 points. For PayPal, the lowest is $5, which costs 5,500 points.
For Bitcoin and Ethereum, you’ll need 2,000 points in order to make a withdrawal.
What Are People Saying about CashMagnet App?
The reviews and comments about CashMagnet App have been mixed, with some people calling it a scam while others are saying that it isn’t.
Now, this opportunity is not a scam, but I do understand why some would call it that and it is because of the length of time you need to wait before your rewards are credited to you.
One of the issues with CashMagnet is that it takes them a very long time before rewards are sent. Some people have already waited more than 2 months for their money or gift card and someone posted that he had to wait 9 months before he got paid.
So, this is a major issue with this opportunity. Another issue is that the app will require root access to your device.
By having root access, you are basically giving the app privileged control of some of the subsystems of your mobile device.
CashMagnet needs this to access Google Chrome and the apps that you have downloaded. If giving them this much access makes you uncomfortable, then this opportunity is not for you.
Another issue with this app is that if you activate its passive money-making feature, you can’t use your device.
If you do, the app will freeze and stop working, so you can only use the app when you are not using your device eg. bedtime
What I Like about CashMagnet App
Now that we know what CashMagnet App is and what it can offer, it’s time to discuss what I like about this opportunity.
- The first thing that I like about CashMagnet App is the fact that it lets you earn income passively. You just need to set it up and press the start button and the app will do the rest. It will automatically make money for you, even while you are sleeping, as long as you have set it up to start.
- I also like that the CashMagnet App offers other ways for you to earn on the app. You don’t just have to rely on the passive income opportunity they provide since the app itself offers other ways for you to earn. You can download apps, browse the net, or refer people to earn more points.
- Another thing that I like about the CashMagnet App is that they provide choices when it comes to the rewards. It’s always good to have choices since some people prefer getting Amazon gift cards while others prefer getting paid in cash. So it’s great the app offers both, as well as for cryptocurrencies.
What I Dislike about the CashMagnet App
Of course, not everything about the CashMagnet App is good and dandy, as there are also several things about it that I don’t like.
- One of the things that I don’t like about the CashMagnet App is that there is a possibility that you have to wait a long time before you get your reward. A lot of people experienced waiting 6 to 9 months. This is a very long wait for a $5 reward, which is why some people call this opportunity a scam.
- I also don’t like that the CashMagnet App is requiring root access to your device. Though there aren’t complaints yet about a breach of privacy, giving a someone that kind of access doesn’t really sit well with me.
Do I Recommend the CashMagnet App?
After learning more about the CashMagnet App and what it can bring to the table, I would say that I don’t really recommend this opportunity, but you could still check it out if you want.
The opportunity to make money passively is hard to pass up, you could still check it out and see for yourself if what they offer is enough to overcome the issues.
Now, the reason I don’t recommend this completely is because of the long wait to get your reward. Granted, not everyone experienced this, but a lot did.
So I feel this opportunity might be a waste of your time, especially if you are one of the unlucky ones having to wait 6 months or more just to get a $5 reward.
I also don’t like that they require root access. I believe this type of access is too much since our devices carry a lot of personal and confidential information. Giving someone too much access doesn’t really sit well with me.
So if you have any problems with these issues, then it’s maybe best you look for a different opportunity.