Hello everyone, It’s David here, I hope you are doing well.
Welcome to my Cashnovel review article.
So, you love reading.
They say the real wealth is in your mind, not in your wallet and bank.
The more you read, the more knowledgeable and intellectual you become.
But then, what if you can monetize your reading time?
Sounds good, right?
Well, an app known as Cashnovel enables you to do just that.
Even sweeter, it also allows you to earn beyond reading books by accomplishing other tasks.
Is the monetization real or fake?
How does it even work?
It’s time to discover all the answers!
What Is Cashnovel?
Cashnovel is a relatively popular reading app available on Google Play.
As I’ve mentioned earlier, it’s more than just an app for you to read various digital books.
It also allows you to earn virtual coins.
Every activity you do in the game will reward you with coins.
These coins can then be exchanged for real money.
It all looks promising at the moment.
But there are hidden intentions behind the entire app creation.
I will explain more in a moment.
Since this app also allows you to earn beyond reading digital books, it makes complete sense why it has been downloaded more than one hundred thousand times.
Yeah, you read that figure correctly, my friends!
Cashnovel is insanely popular.
I believe most people are here for the monetary reward instead of the reading tasks.
It’s predictable and understandable.
How do I get started?
You may wonder.
Well, you simply need to download, install, and launch the app.
It doesn’t require you to create any account or fill up a registration form.
Once you enter the app for the first time, it will randomly create an ID for you.
Next, you will be brought to the featured books page.
Here, the app will show you all the most popular book titles.
Here’s what I mean.
As you can see, the romance genre is the most popular at the time of writing.
Your scneario may be completely different.
A display ad is also noticeable on the dashboard which slightly ruin the user experience.
How Do You Earn With Cashnovel?
Cashnovel adopts straightforward ways to earn in-app coins.
Below, I summarize all the ways to earn virtual coins with Cashnovel.
Read digital books
Reading books is by far the best way to earn virtual coins.
First, you choose a desired book title.
Once chosen, your entire reading session is monetizable with virtual coins.
Each page has a countdown timer.
And when the timer ends, a random virtual coin will be rewarded.
The coin accumulation is repeatable for all the available book titles.
As long as you have the time to read, endless coins are awaiting you!
But then, an ugliness is also waiting for you.
What do I mean?
Well, before you can redeem the virtual coin rewards, you have to endure video ads.
Each redemption requires you to watch a full video ad.
And it’s unskippable with a thirty seconds timer.
That’s something very undesirable.
Watch video ads
As much as you hate video ads, the ugly truth is that watching video ads is part of your routine moving forward.
Do you still remember the countdown timer I mentioned earlier?
Each time the app rewards you with virtual coins, it will also allow you to multiply the earned coins.
And the requirement is to watch video ads.
Besides, you can also watch video ads consecutively ten times.
The reward is a massive 1500 coins!
Come back to the app daily
Understandably, the developer wants loyal readers.
It directly benefits him with video ads monetization.
So, if you launch the app daily, 400 coins will be rewarded every single day.
Amplify your reading
What do you mean?
I thought each reading session would reward coins.
You may wonder.
Well, you are right.
But the app goes the extra mile to encourage you to keep reading!
For example, if you can reach a milestone of 800 minutes of reading time in a week, a lucrative 5000 coins will be rewarded.
In simpler terms, the more you read, the more coins will be accumulated cumulatively.
Share the app with others
Sharing Cashnovel is another interesting way to maximize your coin accumulation.
If you are skillful in persuasion, your coins will be amplified without even realizing it.
How does the app track my identity as a member?
You asked a solid question.
Since Cashnovel doesn’t require you to create an account, identifying your identity certainly showcases a degree of fishiness.
However, do you still remember the unique ID I mentioned earlier?
Well, that’s how the app keeps track of your identity as a member.
Every Cashnovel member has a unique link shareable on various social media platforms.
When someone joins with your unique link, you will be rewarded with 100,000 coins!
As a member, you also have your unique invitation code.
If someone joins with the code, you will earn 8000 coins.
Comparing 100,000 coins with 8000 coins, there’s a huge difference.
There’s a massive flaw.
How Do You Get Paid?
The threshold to request a real payout is set at $100.
And for every 100,000 coins, the real dollar equivalence is $10.
Hence, you need to accumulate one million coins to unlock the payout eligibility.
But then, the genuine question arises.
Is it even possible to redeem the real money?
It sparks anxiety and curiosity for many people.
You see, everything that we’ve discussed thus far is based on theory, it’s only valid on paper.
Theoretically, $100 can be redeemed through PayPal when you accumulate sufficient coins.
Realistically, it’s not that straightforward.
First, before you even reach the payout threshold, you will be assigned to an endless queue of no direction.
Next, lots of video ads will be presented to you.
You could be waiting for months only to realize that everything is just unmistakably a hoax.
Nobody will be able to redeem a single dime by reading books and doing various tasks, let alone a massive $100.
Besides, I always remind and tell my readers that when something looks too good to be true, it is.
Think about it consciously, is it that easy to earn $100?
Something just isn’t right!
Also, the developer doesn’t even care about members’ identity.
It means that anyone can easily cheat the system by installing the app on multiple devices.
Does that mean everyone can earn $100?
Think deeper and rethink and you will realize that earning with Cashnovel is impossible.
The Pros – What I like About Cashnovel
- Has many digital book titles
- Free to use
The Cons – What I Dislike About Cashnovel
- It’s heavily monetized with unskippable video ads
- Has unexplainable flaws to a huge extent
- Questionable real payouts
- Reading sessions could be ruined by unnecessary countdown timers and video ads
My Final Thoughts
Honestly, I don’t feel comfortable with Cashnovel.
Firstly, I naively thought that it was purely a reading app for people to enhance knowledge in various verticals.
Disappointingly, it’s not.
Secondly, there are flaws within the coin’s reward algorithm.
Do you still remember the coin rewards for referring others to the app I mentioned earlier?
Well, there was a massive flaw.
Try asking yourself, will you feel confident in recommending it to your friends?
Thirdly, I save the worst for the last.
Initially, I thought this app would allow me to read digital books uninterrupted.
But the truth showcases the exact opposite.
Everything that you do in the app triggers video ads.
And these video ads look spammy and unattractive.
Our device could potentially be infected with malicious codes and malware.
Ask yourself truthfully, if you intend to read books, do you want the reading sessions to be bombarded with lots of ads and countdown timers?
The answer is very apparent, right?
Now, if you ask me, David, are there much better alternatives to earn money online?
Well, the answer is yes, there are.
I highly suggest you check out my Freecash review, it’s a detailed article on everything about the platform, specifically the earning parts.
Freecash is arguably one of the best rewarding platforms in the world.
It’s phenomenal in every aspect, and more importantly, there are plethoras of ways to earn coins that are redeemable for lots of rewards including cash withdrawals.
Additionally, I also encourage you to check out my PrizeRebel review.
It’s also my top recommendation when it comes to generating extra income online.
You can participate in various tasks such as surveys to kickstart your earning journey.
So, I hope you found this review article helpful and informative.
Have you tried Cashnovel?
How do you rate it?
Share your thoughts in the comment box below.