CashMagnet – earn money & gift card App Review
In this blog post I will review an android app called CashMagnet. I have used this app and it is really completely passive to use. I will write what CashMagnet is about, how to earn and redeem from CashMagnet app, and also I will tell you if CashMagnet is a scam or legit. Let’s begin.
What is CashMagnet App?
CashMagnet is a mobile app only available for Android devices. You can download the CashMagnet app for free from the Google Play Store. It is an app made by GameProd Entertainment and they claim that you can earn money by using their app on your device (old or new). All you need to do is download, install, create an account, launch the CashMagnet app and redeem your rewards.
CashMagnet is available worldwide. But the best earning rates are from users living in USA, Canada, UK, Australia and countries from EU.
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CashMagnet App Requirements:
The minimum device requirement to run CashMagnet app is Android 4.4.4 and higher. It is also recommended to have at least 1 GB of RAM and 8 GB of device storage available. You’ll need wi-fi to run the CashMagnet app and earn points.
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How Many Devices Can I Run?
The limit is 4 phones per IP address.
How To Earn On CashMagnet App? Easy step by step guide:
Step 1: Download and Install the CashMagnet App by clicking this link.
Step 2: Open the CashMagnet App and create your account.
Step 3: Log in to your account. Enter my referral code if you want to use it. Inviting friends to use your referral code is another way to earn from CashMagnet App. If you use my code we both earn bonus points. We both win.
My referral code is: 2SbNfz
Step 4: Go to the “Games” section located on the lower left portion of the screen. Tap it and install the games. Install as much games as your device storage can handle. After you install a game you get bonus points (I think 20 points for each game you install). Installing games will increase your passive time.
Step 5: Go back to the home screen by tapping on the blue round “Home” button on the mid bottom part of the screen. Then tap the “Start” button below your balance or your accumulated points. Your phone will run on its own (browsing sites and opening the games you installed) and start earning you points every 5 minutes.
Note: There is a level system in CashMagnet App, you would also get bonus points as you gain levels. To gain levels you need to achieve certain goals in the app such as installing a certain number of games and attaining a certain amount of passive screen time.
Redeeming from CashMagnet App:
The CashMagnet App uses points for currency and these points can be converted to PayPal cash, Amazon gift cards, Bitcoin or Ethereum. About 1000 points is equal to $1.00. The minimum amount you can cash out is at 5500 points for $5 PayPal cash.
It is important to note that there is a delay in getting the cash outs. Expect the cash out to arrive within a month. I received all my payments within the week I redeemed. I usually cash out with a $10 Amazon gift card.
Amazon gift card:
10,000 points = $10
24,000 points = $25
5,500 points = $5
10,500 points = $10
26,000 points = $25
51,500 points = $50
From the Home screen, tap on the 3 horizontal bars located on the top left part of the screen. A menu should pop up, tap on “Redeem”.
Is CashMagnet App Scam or Legit?
The CashMagnet App is legit and they do pay. I have received all the Amazon gift cards that I cashed out. It does take time to get to the $10 Amazon gift card cash out minimum. This app is truly a passive money earner.
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The amount earned will not be that much but it is free money for using old phones that are just collecting dust. In my experience, using 2 phones on Level 3 earning for 24 hours will make me about 300 to 500 points.
Running the CashMagnet app will heat up my phones and I noticed that it would drain the battery faster, so its better to have the phones plugged in. I also have a small fan directed at the phones to help cool it a little.
The CashMagnet app crashes a lot and it is important to install the latest updates.
I hope you liked reading my review of the CashMagnet App.
Get free access to the CashMagnet App by clicking this link!
See you on my next cash app review.
Disclosure: Some links may contain referral links and I may be compensated for this.