I previously covered Sweatcoin, a unique platform that motivates physical activity by rewarding users for walking. Another intriguing application that also promotes movement is the COIN App, which claims to compensate users for “geomining”. But, a valid question arises – does the COIN App truly deliver on its promises or is it simply a time-waster?
In this review, I will take a closer look at the COIN App to examine its functionality, earning opportunities, and the overall user experience, so that you’ll have a better understanding of whether the COIN App is a legitimate way to earn rewards or if it falls short of expectations. Let’s get started!
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Table of Contents
What exactly is COIN App?
COIN App is a mobile application that pays you for geomining – a term used to describe the process of earning rewards through location-based activities.
How can you start earning with COIN App?
To start earning with the COIN App, you will first have to download the application onto your mobile device. Due to the nature of how geomining works, it is simply not possible to use the application on desktop devices. COIN is available for both iOS and Android operating systems.
Once the application has been downloaded and successfully installed, you will be prompted to enter your email address, name, and password to register an account. As of writing this review, it is not possible to sign up using any of your existing social media accounts, so you will need to have an existing email address to be able to sign up for the COIN App.
How do you earn with the COIN App?
The COIN App offers a variety of ways for you to earn rewards, and I will be covering each method one by one in this section of the review. The application pays out in the form of “Tokens”, which can later be redeemed for various payout options, like physical goods or crypto.
Geomining
Like mentioned before, The COIN App utilizes a unique concept known as geomining, which allows you to earn digital tokens through the use of your location. Unlike traditional cryptocurrency mining, which typically requires a specialized computer rig and energy-intensive operations, geomining with COIN App simply requires a mobile device and a mobile internet connection.
Once you have granted the application location access, you will be able to choose from four different modes of geomining, each with their own specific requirements for earning tokens.
These modes include Open Exploration, where tokens are earned simply by moving around with the app open, Gamified Travel, where tokens are earned by visiting specific locations, Physical Exercise, where tokens are earned by tracking steps taken and lastly Mental Exercise, where tokens are earned by solving puzzles at specific locations.
Invite friends
Complete tasks
Bonus Drops
In addition to all of that, the COIN App offers you the opportunity to earn bonus rewards through its weekly Bonus Drops feature. These drops provide you with varying amounts of COIN tokens on a daily basis.
The Bonus Drops can be augmented through various actions within the app, such as geomining, geodropping, and geoclaiming. Also, even when you are not actively participating in any earning activities, simply having the app open and sitting on a location that you’ve previously geomined can still result in powering up your Bonus Drops. The bonus rewards can be increased up to 10 times the base amount, providing you with even more earning potential.
Premium plan
- 24x Geomining Rewards
- 2x faster Geomining Speed & Recharge
- 2x starting power up for weekly Bonus Drops
- Geodrop Boosts
- Geoclaim Shield
- Additional perks and rewards over basic plan
How much money can you earn?
When it comes to the earning potential with the COIN App, it largely depends on how frequently the application is used. Frequent usage allows for mining more tokens and participating in other activities that can help you earn more rewards. As mentioned before, the app also offers membership levels which can potentially further boost how much you can earn with the COIN App. All in all, if you are an active person in real life, then the application could possibly offer decent earning potential, but it does require frequent usage and taking advantage of all the features offered.
How do you cash out?
The COIN App allows you to redeem the tokens that you have earned for various rewards, including products, devices, and cryptocurrency. It is important to note it does not currently offer the option to withdraw using actual cash. Example rewards include:
- XYO token
- Bitcoin
- Ethereum
- Gadgets like Nintendo Switch, Apple Airpods and more
- Clothes
However, to redeem these rewards, I noticed that you need to accumulate a large number of tokens, potentially in the hundreds of thousands. While the app’s payment system is relatively simple, the rewards offered have a high payout threshold. Because of this, if you prefer platforms that offer quicker redemption options, then the COIN App might not be a good option for you.
Frequently Asked Questions (FAQ)
Can anyone join COIN App?
COIN App is available globally, meaning that anyone should be able to join, regardless of their location.
Is COIN App available on desktop devices?
How do you contact support?
Closing Comments
So, is the COIN App legit or a scam?
The COIN App is a legitimate platform that allows you to earn rewards by participating in geomining. It has a unique concept for earning and a user-friendly design. However, despite the fact that there are plenty of withdrawal options, the payment threshold is quite high, and the application requires frequent usage in order to maximize earnings. I don’t think it’s a bad idea to give the application a try if you already lead an active lifestyle, but otherwise, you might want to look at other platforms that don’t require such commitment.
COIN App
Geomining
70
Pros
- Easy to use
- Semi-passive income
Cons
- High minimum payment threhsold
- Can't withdraw using real money
Are you looking for other mobile beermoney applications? You can check them out here!
Many thanks for reading my COIN App review! Should you have any additional questions or concerns please do not hesitate to leave a comment down below.
