You’ve heard that Honeygain is a quick way to make passive income, but you’re not confident about sharing your internet bandwidth. After all, you don’t know what Honeygain does with your internet data yet.
Instead of searching for baseless Honeygain scams from anonymous users, read our guide. We checked various official and non-official sources to verify the payout systems, security features, and privacy policies of Honeygain.
By the end of this piece, you’ll know whether you should download Honeygain. Apart from sharing our thoughts on whether Honeygain is real or fake, we’ll also give you first-hand insights into how clients and users use it.
Stick with us until the end. Otherwise, you might unknowingly miss out on a hassle-free, no-commitment way to max extra money online.
Here’s everything you should know about Honeygain!
What Is Honeygain?
Before diving into making money on Honeygain, let us first assess how it works.
Honeygain creates a Content Delivery Network (CDN) by pooling internet bandwidth from consenting users instead of running a private server.
It sells network accessibility to various companies, from small shops to global brands. Clients surf the web free of location-based restrictions and limitations by using the Honeygain network.
Think of CDN as a shared network that allows users to access the web from various locations.
Honeygain pools internet bandwidth because it’s more efficient than running a private server. However, this strategy requires millions of different internet bandwidth locations, or else the CDN will not eliminate location-based barriers.
So, yes, Honeygain needs your internet connection. And to entice you to entrust your unused bandwidth with them, they’ll compensate you a few bucks for every MB of data.
Is Honeygain Safe and Legit?
Honeygain goes the extra mile explaining everything you need to know about sharing internet bandwidth and CDN. The team wants to eliminate your doubts.
So, is Honeygain safe and legit? Generally, yes.
Users can feel at ease knowing that Honeygain guarantees it will never collect more data than needed. Neither their team nor their clients can access your device storage.
Of course, we still urge clients to take their disclaimer with a grain of salt. Check your process logs regularly to ensure that Honeygain’s clients don’t misuse your IP address and perform illegal activities.
If you don’t feel safe letting Honeygain use your internet bandwidth anymore, stop the app from running any time you want. Either way, you can quickly turn it back on again.
Who Does Honeygain Work With?
Honeygain doesn’t share its list of partners. However, they perform extensive screening procedures to ensure that they only work with legitimate, ethical companies.
Moreover, the team regularly monitors client activity. Honeygain has an independent Data Protection Officer (DPO) responsible for auditing data collection and internet bandwidth usage.
An independent DPO doesn’t work for Honeygain, so expect them to scrutinize every transaction, negotiation, and network activity objectively.
The DPO also responds to curious clients. Send your questions, doubts, and inquiries to [email protected].
What Does Honeygain Do With Your Network?
Admittedly, criminals and hackers can use shared bandwidth for illegal transactions or accessing the dark web anonymously. Fortunately, Honeygain does everything within its power to avoid these instances.
Generally, the platform only accommodates verified clients who’ll use their users’ internet bandwidth for the following:
Verifying Ads
CDN allows clients to view their ads through different bandwidth locations. With most companies spending thousands of dollars on digital marketing, it would make sense for them to verify their paid ads.
The client’s marketing head or department can check whether their ads reach the supposed target market and appear on legitimate websites. Having ads pop up on sketchy sites hurt branding.
Fortifying SEO Strategies
SEO analytics tools only provide a vague overview of user activity. Yes, you can analyze keyword ranking and performance in your target locations, but you’ll face several data gaps stemming from location-based restrictions.
For this reason, SEO marketers use CDN to collect first-hand web statistics from various internet bandwidth locations. This tactic especially benefits marketers focused on geo-targeting.
Eliminating Counterfeit Goods
Larger retail brands can use CDN to locate fake copies of their products circulating in other countries.
This strategy suits businesses exploring overseas markets. Many small-time stores in third-world countries distribute counterfeit products manufactured in China, which you can’t easily spot from regular servers.
Beta Testing Apps
Global app developers must observe cultural nuances, language barriers, and territory-specific regulations. Otherwise, users might encounter location-based UX issues.
For this reason, app developers use CDN to check how their products appear from different locations. That way, they can follow the local guidelines.
Delivering Content
Businesses can override geo-restrictions in delivering music, videos, and images, among other legal, ethical file types. Think of this feature as a more borderless, extensive version of VPN.
Comparing eCommerce Prices
Brands use CDN to break past location-based restrictions and get more accurate insights into the global retail market. That way, they can compete with both global and local pricing.
Making Money on Honeygain
Once you’ve assessed that Honeygain is a legitimate platform and are comfortable sharing your internet bandwidth, you can now sign for an account. As explained below, the setup and installation process is relatively easy.
Signing Up for Honeygain
- Step 1: Sign up for an account. Head over to the Honeygain login dashboard and sign up for an account.
- Step 2: Fill in your login credentials. Honeygain will only need you to input your name, email, and password, so you don’t have to worry about disclosing unnecessary personal information right from the get-go. You can even use a dummy email if you want.
- Step 3: Check your dashboard. After entering the necessary information, the site will prompt you to your personal Honeygain dashboard, which will only contain your 5,000 credits sign-up bonus.
- Step 4: Verify your email. Click confirm email under the Current Balance section and wait for Honeygain to send a verification email. Once you receive it, you’ll just need to click the Verify Email button.
- Step 5: Download Honeygain. The app is available on Android, macOS, iOS, Windows, and Linux, so download it from your operating system’s respective stores.
- Step 6: Log in to Honeygain. After downloading the program and running the installer, the app will prompt you to enter your login credentials.
- Step 7: Turn on Honeygain. Let the app or program run in the background so that it can collect your unused internet bandwidth. You can use your device normally.
Getting Paid on Honeygain
Honeygain pays you 10 credits for every 100 MB of internet bandwidth you share, which equals $0.01. Once you’ve reached 20,000 credits, worth $20, you can request your first payout.
- Step 1: Click the Request Payout button under your Current Balance. Contact customer support if still hasn’t appeared even after hitting the 20,000-credit threshold.
- Step 2: Honeygain will add your email to its selected payment processing platform, Tipalti, and you’ll get an invitation email confirming your request within one to two days.
- Step 3: After clicking the link in the email, Honeygain will prompt you to its payout registration page. You’ll simply need to disclose your email, password, and preferred security verification question.
- Step 4: The site will ask you to enter your PayPal email, full name, contact number, address, and country of residence.
- Step 5: Tipalti will conduct a manual review and verify your identity, so expect the funds to arrive after around two to three business days.
What People Say About Honeygain
Are you still on the fence about whether to sign up for Honeygain or not? Check out what people say about it on independent review sites:
Better Business Bureau (BBB)
Honeygain isn’t accredited by the BBB, although it has a B+ rating. This rating indicates that the BBB believes Honeygain has the capacity to meet its financial obligations toward its investors and clients.
Trustpilot
Trustpilot gives Honeygain a 4.5-star rating. 72% of users rated it excellent and expressed that they received their payments without any issues.
Only 12% gave the platform a poor or bad rating. Also, most of their issues revolved around how they weren’t making as much as they expected on Honeygain.
Almost all Reddit reviews praised Honeygain as a legitimate platform that pays users promptly for sharing their internet bandwidth. There were only a handful of negative reviews out of 300 to 400 comments.
However, many users also expressed their privacy concerns. Although they haven’t encountered any issues yet, they play it safe by using Honeygain on dummy devices containing no sensitive information.
Best Alternatives to Honeygain
If you think the disadvantages of using Honeygain outweigh the advantages, look into its most widely trusted alternatives, such as:
IPRoyal
If you want to double your earning potential, try IPRoyal. While Honeygain pays $1 for every 10 GB of internet bandwidth, IPRoyal pays $2, or $0.20 per GB.
Also, fewer users use IPRoyal, so there’s not much competition yet. However, note that IPRoyal might also collect less data than Honeygain since it also caters to a smaller market.
PacketStream
PacketStream is a more borderless, accessible CDN. This peer-to-peer lending platform lets users share their internet bandwidth for $0.10 per GB to those who’ll buy it for $1 per GB.
Unlike Honeygain, PacketStream primarily caters to individual users. You’ll find several eCommerce shop owners, SEO specialists, and marketing professionals using PacketStream.
Peer2Profit
Similar to PacketStream, Peer2Profit is a peer-to-peer lending platform that lets you share your internet bandwidth with other users. However, Peer2Profit has a global market.
If you have unlimited internet access and can leave your devices running 24/7, expect to generate almost $75 every month.
Nanowire
Nanowire offers the most value per GB shared. While others only pay $0.10 to $0.20 for 1 GB of internet bandwidth, Nanowire pays $0.50. For comparison, Honeygain only pays $1 for 10 GB of bandwidth.
However, Nanowire only pays in its native token, Nano. Although you can convert Nano to any fiat or cryptocurrency you want, note that Nano’s a relatively new initiative with fluctuating market values.
Verdict: Is Honeygain Legit or a Scam?
Overall, Honeygain is a legitimate platform that allows users to make money by sharing their internet bandwidth.
It has global partners using its network, from SEO agencies to retail brands, to override location-based net restrictions.
However, whether you should sign up for Honeygain or not depends on you. If you have an unlimited internet data access plan, plus several compatible devices, consider installing the app.
Your monthly earnings might not reach three digits, but internet data sharing is a super low-commitment, hassle-free passive income stream with super-low barriers to entry.
You don’t need to do anything after installing the app. Just leave Honeygain running in the background, let it collect your unused internet data, and proceed using your devices as you normally do.
Aidan has been writing about personal finance for over 6 years. Prior to this, he worked as a Corporate Finance Analyst where he specialized in Due Diligence, Company Valuations and more. He is a CFA charterholder.
