LoadTeam Review: Is This Passive Method Really Legit? (2024 Deep Dive)

Written By alex

In the realm of "beermoney," Alex is a dedicated explorer, always on the lookout for new opportunites to supplement income online.

For questions, suggestions, or a friendly chat, you can reach Alex at alex (at) beermoneyguides.com.

Are you searching for a hassle-free method to earn additional income without investing extra time or effort? If so, you might have stumbled upon LoadTeam, a platform designed to enable users to monetize their idle computing power and generate passive income. However, you might be wondering – is it a legitimate opportunity or merely another scam?

In this review, I will delve deeper into the inner workings of the platform, exploring its features, pros and cons, and more. By the end of this review, you will have all the necessary information to determine if LoadTeam is the right fit for you. Let’s get started!

Some of the articles on this website may include affiliate links. You can find more info in our disclaimer

What exactly is LoadTeam?​

LoadTeam is an application that promises to make money for you by harvesting your computer’s idle power, meaning that your computer will work on small computing tasks in the background in exchange for a reward.

LoadTeam landing page

How can you start earning with LoadTeam?

Getting started with LoadTeam is quite a simple process. To begin, you will first have to register an account. As of writing this review, you are going to have to use your e-mail address as unfortunately, it is not possible to sign up using any of your social media accounts.

LoadTeam how to register an account
You can register only with your email address

After signing up for an account, download the LoadTeam application for your desktop device. Once the program has been installed, you can now log in using the username and password that you chose during the registration process. To find the LoadTeam app, simply check the notification area within your taskbar.

LoadTeam how to log into the application
Log into the application using the username you chose during the signup process

How do you earn with LoadTeam?​

Once the app is running on your computer, it will use your idle computing power to mine coins according to the company. In return for allowing LoadTeam to use your computing power, you’ll be credited a small amount of money. Since the application is completely passive, there is no further input required from you in order for it to work, and you can continue to use your computer freely, as the application is supposed to be lightweight. 

LoadTeam how to use the application
Using the LoadTeam application

In addition to sharing your computer power, you can also earn money by inviting your friends to join LoadTeam. Each friend that you invite to the platform will get a $0.20 signup bonus and you will receive 10% commision of their earnings. However, it’s important to properly educate your referrals on the purpose and functioning of the application to make sure they understand that this can cause potential wear on their system. 

LoadTeam referral program
Invite your friends to the platform for extra income

How much money can you earn?​

The amount of money you can earn with LoadTeam will vary depending on factors such as the power of your CPU, the percentage of CPU power allocated to the app, the runtime of the app, and the number of computers on which the app is installed. For example, if you have a bunch of older computers lying around, then you could run LoadTeam on all of them with one single account (there is no limit as to how many devices you can use).

Initially, as you install the application, LoadTeam is set up to minimize impact on your computer. It utilizes only 20% of your computer’s power when in use and 40% when inactive for more than 10 minutes. To customize the workload, select the Performance Tuning option within LoadTeam. Use the sliders to adjust the intensity of LoadTeam’s usage during active and idle periods. This can help you earn a bit more, but be aware that this can cause additional wear on your system. 

You can tune the performance of the LoadTeam application

One useful feature that LoadTeam also offers is an earnings calculator. This can help you estimate how much you can expect to earn, but do keep in mind that this is simply an estimate and actual earnings may vary. 

A calculator can be used to estimate potential earnings

How do you cash out?​

As of writing this review, you can cash out your earnings only using PayPal. However, LoadTeam has a low payment threshold of $1, so you can cash out your earnings relatively quickly, but this does depend on how frequently the application is used. Make sure to double-check your e-mail address before withdrawing any earnings, as transfers to PayPal are not reversible.

Payments are done exclusively through PayPal

Frequently Asked Questions (FAQ)​

Can LoadTeam be used on mobile devices?

It is not possible to use the LoadTeam application on mobile devices. However, you can log in to the website on a mobile web browser to check your account balance and statement, update your profile details and withdraw any earnings. 

Is LoadTeam available globally?

Yes, LoadTeam is available globally, meaning that anyone should be able to join, regardless of their location. However, you do need a working PayPal account in order to withdraw your earnings, as it is the only way to cash out as of writing this review. 

Is LoadTeam safe to use?

LoadTeam is for the most part safe to use, but you need to keep in mind that cryptocurrency mining can cause additional wear on your system.

How can you contact support?

You can contact LoadTeam support by clicking on the “Contact Us” option located in the top section of their website.

LoadTeam how to contact support
Contacting LoadTeam support

Final Thoughts

So, is LoadTeam actually legit or a scam?

LoadTeam is a legitimate application that allows you to earn passive income by essentially lending your computing power. It is very easy to set up and practically requires no effort at all. However, it is very important to have realistic expectations and not expect to make a ton of money from this, as its’ overall earning potential is simply low. Also, be aware of the potential risks associated with causing additional wear on your system. If that does not bother you, then I would recommend using LoadTeam. 

LoadTeam | Cryptocurrency mining
  • Earning Potential
  • User Experience
  • Payment options
2.5

Summary

LoadTeam is a legitimate application that allows you to earn a bit of passive income, but it has a fairly low earning potential.

Many thanks for reading my LoadTeam review! Should you have any additional questions or concerns please do not hesitate to leave a comment down below. 

Leave a Comment