COIN is an app that you can use to complete geomining tasks. The app is owned and managed by XY Labs Inc., an American software company that also specialises in creating location data. XY Labs uses the COIN app to collect location data through geomining but, unlike many other location data collectors, it pays its users for allowing it to see the physical world through digital devices. This means that by downloading, installing, and geomining with the COIN app, you will give XY Labs and other researchers a chance to understand your physical surroundings. There are many other sites similar to COIN App that offer the same features and even better. You can use the platforms are the best COIN App alternatives if you a good replacement. In this article, we shall explore all the other apps like COIN App that offer better features.
In this COIN app review, we will let you know how you can use the app to make some money and enjoy the other benefits it has to offer. Here, you will find out how to make money from the COIN app, the different ways the COIN app will pay you, and whether you are eligible to download and use the app. You will also find out how to set up your COIN app for the first time and if the app is legit or not. Just stay with us and we will make this tour an adventure you’ve never had before.
Before you can do anything on COIN, you have to download and install the app and then create your COIN account. Well, those are just the first thing you have to do. But, let’s look at what else you will have to bear in mind about setting up your COIN app and earning from it. But before we start, we want you to know that the COIN app is free. That is, it is free to download, install, and work with the COIN app.
First of all, the COIN app is only compatible with smartphones. This means it works only on smartphones with iOS or Android operating systems. So, if you are using an iPhone, you should head to App Store to download COIN App. But, if you’re using an Android smartphone, you can download the app from Google Play Store. Remember, there is no compatible COIN app for desktop computers and laptops. So, the app can’t operate on Mac and Windows enabled devices.
After installing the COIN app, you will be required to turn on the “Location” button on your device so that you can begin to geomine. This is done when the app collects data about your physical environment. We will explain how you can geomine in the next section of this review but you can rest assured that there is nothing tech savvy about it. So, if you stay with us, you will find out more about the COIN App and how to make some money out of it.
Before going over to the next section, you may need to know that XY Labs sells a device known as SentinelX, which helps users to earn more rewards if they use it while geomining with the COIN app. If you buy this SentinelX device, you will need to connect it to your COIN app by pressing a button on the device. Once the COIN app detects the SentinelX signal, it will unlock better rewards for you and make you earn higher after completing a task.
You have to buy this device from XY Labs and pay for its shipping to your location. Nevertheless, you must not have a SentinelX device before you can earn from the COIN app. Having it only increases your earning rate. But to be honest, we don’t know why it is that way.
Another thing we want to bring to your notice is that COIN has a premium package. Remember that the app is free, meaning you won’t pay anything to download COIN App. So, if you want to stay on the basic plan, you will not pay monthly subscriptions and you will continue to geomine. But your rewards will be low and you will not receive any bonus.
If you want to opt for a paid subscription, you should know that COIN App has two types of monthly subscription payments under the premium package. There is Pro, which costs $34.95 per month, and Plus, which costs $24.95 monthly. Of course, the benefits of each subscription package differ. But as we said earlier, you don’t have to go for the premium package to start earning on the COIN App. COIN App is a good site that offers many great features, however, if you are not satisfied with COIN App and want better alternatives then you should go for other apps like COIN App below:
Apps Like COIN App & Alternatives:
- Nodle
- Sweatcoin
- Honeygain
- Pi Network
- StormGain
Quick Comparison Table:
| App | Main Earning Method | Reward Type | Effort Level | Best For |
|---|---|---|---|---|
| Nodle | Data sharing (Bluetooth/etc) | NODL tokens | Very Low | Passive connectivity |
| Sweatcoin | Steps/walking | SWEAT tokens | Low | Fitness & movement |
| Honeygain | Bandwidth sharing | Crypto | Very Low | Background passive |
| Pi Network | Tap daily + community | Pi tokens | Low | Beginners, long-term |
| COIN App | Geomining + tasks | COIN tokens | Low-Moderate | Location exploration |
How to Make Money on the COIN App
There are so many ways you can make money on the COIN App. For instance, we told you earlier that if you opt for premium subscription packages, you will receive bonuses from the app. Apart from that, you can enter sweepstakes and take part in other contests offered by COIN App. However, in this section, we are going to look into the four basic ways you can make the most out of your COIN App.
Geomining on the COIN App
Sometimes, the word, ‘geomining’, makes people wonder if the COIN app is for the tech savvies alone. But, as you are about to find out, geomining is the easiest and most fun-filled task you can complete and make money from on COIN App.
Remember we told you that you need to turn on your device location button to be able to use the COIN app. Well, when you log into your COIN account and your location is turned on, the app will detect where you are. Once this is done, you will start receiving COIN Tokens. It is as simple as that. However, you have a little work to do before being rewarded for completing a geomining task.
In the first place, you have to mine where other users have not mined. That is, the locations you have to let the app register will not have been registered in the COIN database. Of course, the app will let you know if where you are at the moment is a new ground or not. If it is, your COIN Tokens will fly in. But if it is not, you will receive nothing.
Another thing about geomining on the COIN app is that you have to choose the mode of the mining before the app will recognise your activities and pay you for them. Currently, COIN has four basic geomining modes – Open Exploration, Physical Exercise, Gamified Travel, and Mental Exercise – which you have to select to indicate what you want to mine.
You should select the ‘Open Exploration’ mode on the COIN app if you want to move about, be it by walking or in a vehicle. Remember you have to mine where no one else has mined. So moving about your house when this mode is active will not pay you since you must have mined your house before. So, if you choose this option, be sure to leave your house and go to places you have not been to before while the app is active. Of course, you have to go with your phone when geomining.
If you are travelling or going to another location but you don’t want the app to be on the foreground of your phone as you do so, you can select the ‘Gamified Travel’ mode. If you are about to exercise, the ‘Physical Exercise’ mode will count your steps as you walk, run, or jog and reward you later. If you opt for the ‘Mental Exercise’ mode, the COIN app will give you a puzzle to solve when you reach a new location. When you answer that puzzle, you will mine the COIN Tokens for the location.
COIN App Referral Programme
You can make extra money on COIN by utilising its referral programme. Here, you only have to introduce your family and friends to the COIN app and encourage them to download the app through your referral link. Once they do this, COIN will register them as your referrals.
The reward you will earn for this is that you will be paid a commission of 10% of the COIN Tokens they earn. This commission will exist as long as your referrals use COIN to geomine and make money. So, don’t forget to add this to one of the ways you can make the most use of the COIN app.
Other Tasks You Can Complete on the COIN App
COIN is not just a geomining platform even though that is the major earning feature you can find there. Occasionally, you can complete other tasks on the COIN app to make more money. Sometimes, COIN sends surveys to its app users and then pays them for completing the task.
You can also complete shopping tasks, game playing tasks, and any other kind of minor task you can find on other rewarding sites. But remember to read the instructions attached to these tasks to avoid being penalised for making mistakes.
One thing you should know about these other tasks you can find on the COIN app is that you are not going to trade the COIN Tokens you earned after completing them if you don’t geomine. That is, after completing several survey tasks, for instance, and earning lots of COIN Tokens, you will not be able to convert your COIN Tokens to cryptocurrencies or trade them for any other product if you have not completed geomining tasks.
As of the time of writing this review, the minimum number of geomining you have to complete to be able to withdraw your earnings is thirty (30). So, as you are enjoying games and completing surveys on the COIN app, remember to geomine too.
How You Can Withdraw Money from COIN App
COIN App will reward you with digital assets after you complete a task. Well, the digital assets, in this case, are COIN Tokens. That is, the currency you will be paid with for completing a task on COIN is known as COIN Token. It is more like points in other rewarding sites, which you have to convert into the real money you can cash out. So, in the case of COIN, you have to accumulate COIN Tokens and then convert them when you meet the minimum withdrawal amount.
The minimum number of COIN Tokens you have to gather to be able to cash out is 10,000 (ten thousand) COIN Tokens. When you have earned up to this amount, you can trade them for any of the available cryptocurrencies and transfer your money to your wallet. As of the time of writing this COIN app review, the cryptocurrencies you can convert your COIN Tokens to are Bitcoin (BTC), Ethereum (ETH), and XYO.
Note that the cryptocurrency you wish to trade your COIN Tokens for determines the minimum number of COIN Tokens you should earn. For instance, if you wish to withdraw through BTC, you will have to earn up to 3 million COIN Tokens. You will find out more about this when you join the platform.
You can also opt to trade your COIN Tokens for other devices and products. For instance, there are Fitbit watches, Google Nest Audio, and Apple iPad Air as items you can trade your COIN Tokens for. Nevertheless, the number of COIN Tokens you have earned will determine the kind of item you will take home.
Does COIN App Pay Its Users?
You may not find COIN App payment proof on its website but a quick peek into the reviews the app received on Google Play Store and App Store can tell you the platform pays its users when they earn it. Note that COIN App has more than 4 million users and they scored it an average of 4.5 out of 5 stars on both App Store and Google Play Store.
One of the reasons the app gathered this high rating is that it pays its users. Other users have also taken to their different platforms to speak well of this app. However, you have to be patient if you want to make money on the COIN app.
Who Can Use the COIN App?
The COIN app can be downloaded and used by anyone. It is available for people in different parts of the world. However, if you want to make the most out of the COIN app, you should be sure you are always moving about. This means that if you don’t go out of your house often, it will take you a long time to accumulate enough COIN Tokens to withdraw as cryptocurrencies or trade for electronic goods.
Is COIN App Legitimate or a Scam?
One thing we can tell you is that the COIN app is legitimate. In the first place, the COIN app is owned and operated by XY Labs, Inc, a software company that is registered under the law of the United States. This means that the COIN app is regulated and will, therefore, face heavy sanctions if it defrauds its users.
Another reason you should know that the COIN app is not a scam is that it pays its users. Remember we mentioned that the app has been downloaded by more than 4 million users and has received good reviews. So, you don’t have to worry about being scammed by the COIN app if you download, install, and use it to make some money. Remember, it is completely free to download the COIN app, open a COIN account, and begin to geomine or complete other tasks on the app.
Pros
- You can make money by completing several tasks.
- It pays users with cryptocurrencies.
- You can trade your COIN Tokens for electronic devices and products.
- It organises contests from time to time.
- It offers bonuses, including a welcome bonus, and lets users claim sweepstakes.
- COIN App is available all over the world.
- Its support system is great.
Cons
- It takes time to accumulate enough COIN Tokens to trade for cryptocurrencies or electronic devices.
- COIN App does not pay cash.
- You must geomine more than 30 times before you can cash out.
- You need to subscribe to the premium package and buy SentinelX to earn more.
- COIN App does not run in the background. That is, it will not pay you if it is not running in the foreground of your phone.
- It can run down your battery.
Wrapping It Up
One sure thing about the COIN app is that it is an innovation in the software industry and it is taking the world by its waves. Another good thing about COIN is that it is giving people the chance to benefit from their outdoor activities. It also pays smartphone users for allowing its owner to discover new places in different parts of the world. So, yes, COIN is an app that is worth using. You can also try out other apps similar to COIN App if you want more or better alternatives.
If you’re considering downloading and installing the COIN app, you may go ahead and do so. However, remember what we said about going out often if you want to make money with the app. So, if you do a lot of outdoor activities that take you from place to place, the COIN app is for you. You can go ahead and download it.