Coinloot Review – Is It A Good Platform To Earn Cryptocurrencies?
Hello everyone, It’s David here, I hope you are doing well.
Welcome to my Coinloot review article.
My friend once told me, if you are not investing in cryptocurrencies and NFT, you are missing a big opportunity to earn passive income.
Well, we know that investing in digital currencies and assets require a huge sum of capital.
They are certainly not suitable for the ordinary 9 to 5 grinders who have limited disposable income.
But then, how about earning cryptocurrencies little by little for completing various tasks?
Sounds good and enticing, right?
Yeah, exactly!
An app known as Coinloot will make it a reality.
So, how does it work?
Is it true that you can earn various cryptocurrencies just by doing tasks?
Is it worth your time?
Let’s find out all the answers in this review.
What Is Coinloot?
Coinloot is an app available on Android’s Google Play.
At the time of writing, it’s specifically coded for Android users.
Hence, if you are using smartphones powered by Google’s Android, you meet the initial prerequisite to get started with this app.
And the best part is that it’s free to join.
You don’t have to provide any credit card information or link any of your bank cards to the app.
Even better, you can supposedly earn cryptocurrencies without any real monetary investments.
After you have downloaded the app, there’s only one option for you to sign in.
It’s your device’s Google account.
Yeah, the developer of Coinloot eliminates all the headaches and cumbersomeness of creating an account.
You don’t have to fill up any particular.
As a token of appreciation for joining, the app will reward you with 75 in-app coins.
Here’s what I mean.
Moving forward, you will be earning coins for participating in various tasks.
How Do You Earn With Coinloot?
Before we explore deeper into the earning parts, let’s quickly talk about things that you need to take note of.
Firstly, I encourage you to read through the app’s privacy and terms.
By doing that, you get to comprehend the direct relationship between you and the developer.
Also, it’s about data security.
You can also grasp what types of data will be gathered by the app.
Proceed only if you grant full consent.
Secondly, you should check out the prohibited activities.
Now, this part is extremely important.
You must know what you are not allowed to do while participating in the tasks offered.
For example, you cannot use a VPN to access the system.
That’s the number one prohibition.
Another example is you cannot participate in the same tasks with partners repeatedly from other platforms or apps.
Technology has evolved.
These offer advertisers and market research companies have synced with apps and platforms within the industry.
Hence, you can only participate in a specific task once unless stated otherwise by the developers.
I promise you that you will save yourself from lots of troubles moving forward.
It won’t take you a lot of time to go through all the prohibited activities.
Next, let’s proceed to discover all the tasks for you to earn cryptocurrencies in more detail.
Participate in survey
Participating in surveys is one of the most anticipated tasks for survey lovers.
At the same time, it’s also not as straightforward as it seems.
Why is that?
Well, if you are a lover of survey tasks, you will know exactly what I mean.
It’s because you have to go through a prequalification evaluation.
Yeah, in the market research industry, it’s also called profiling.
This step is to ensure you are the right candidate to provide feedback and opinions.
Usually, your age, gender, marital status, expertise, and even residing country will be the primary considerations before any survey task is given to you.
This scenario is relatively understandable.
Say if you are an advertiser and a product owner, do you want the feedback about your latest revolutionary product to be as relevant and genuine as possible?
The answer is a big yes, right?
Exactly.
Hence, that explains why the tough profiling requirements.
Also, if you are living in top-tier countries such as The United States, The United Kingdom, Canada, and Australia, you may expect more survey availability and frequencies.
Participate in various offer offers
Well, here comes the flagship tasks.
What are offer tasks?
You may wonder.
Well, the scope can be extremely broad.
It depends on the active campaigns any advertisers are seeking to achieve.
Offer tasks can be anything from signing to free trials, purchasing physical products at a discounted rate, playing games, purchasing in-game premium items, or even surveys!
You may ask, why surveys?
The answer is simple.
Some market research companies do offer premium surveys to further enhance product innovation.
Therefore, these surveys could be categorized into the offer tasks.
Here are some of the offer task examples.
At the time of writing, Coinloot has a solid partnership with some of the most well known partners such as Offertoro.
So, in terms of task quality and genuineness, you are covered completely.
Next, let me quickly go through why games are also considered an offer task.
Well, some game developers want to achieve even more breakthroughs in game design, future updates, and content ideas.
Hence, you may be offered the opportunity to test certain games to specific levels of defeating specific bosses.
That way, the game developers can grasp a better understanding of the players’ interactions and playstyles.
Next, if you sign up for a specific offer trial, make sure you disable the subscription when the trial is about to end.
That way, you will not be further charged after the trial period ends.
Unless you wish to continue with the offer, otherwise you should pay attention to the subscribed offers.
Introduce Coinloot to your friends and family members
As a unique member of Coinloot, you have a dedicated unique referral link shareable to others.
When someone signs up with your referral link, you will earn 10% of your referrals’ coins.
Besides, your referrals will also earn 150 coins just by signing up with your referral link.
As you can see, it’s a win-win situation.
Watch video ads
Now, the video task is something that I’m very uncomfortable with.
That’s why I save it for the last.
But then, it’s also one of the easiest ways for you to earn in-app coins.
Your tasks are simple.
Simply tap on the “video task” section to begin embarking on a video-watching journey.
I have to inform you right away that these video ads will consume lots of mobile data.
So, if you are paying for a 4G or 5G network that is pay-as-you-use, I suggest you think twice before participating in the video tasks.
If you are connected to an unlimited home WiFi network, then you can disregard this concern.
Still, be very careful about the video content shown to you.
They are likely to be very unattractive and spammy.
So, take note of it.
Don’t tap on any of the ads to avoid any unnecessary trouble such as the security vulnerability of your Android devices.
How Do You Get Paid?
One of the reasons why Coinloot is so phenomenal is because of the cryptocurrency options.
At the time of writing, it offers some of the most desired cryptocurrencies such as Litecoin, Ethereum, Dogecoin, Bitcoin, and Dash.
Each of them has a specific minimum payout threshold and other withdrawable options.
I’ve summarized all of them for you below.
Let’s take a look.
Litecoin
Payout threshold – $1
Other redeemable options
– $3
– $5
– $10
Ethereum
Payout threshold – $50
Other redeemable options
– $80
– $100
– $150
Dogecoin
Payout threshold – $5
Other redeemable options
– $10
– $15
– $20
Dash
Payout threshold – $2
Other redeemable options
– $6
– $10
– $15
Bitcoin
Payout threshold – $25
Other redeemable options
– $50
– $75
– $100
You know all the redeemable cryptocurrency payouts by now.
Next, let’s talk about the genuineness of these payouts.
Can you really redeem these amounts?
Well, it’s good to know that Coinloot is completely legitimate.
It does pay.
Your only obstacle is the willingness and determination to complete the tasks offered in the app.
You don’t have to complete every task.
You can be selective.
The good news is that your effort will not go unnoticed.
It will be rewarded handsomely with cryptocurrency values of your choice.
The Pros – What I like About Coinloot
- Reputable and genuine app
- Offers many cryptocurrency options
- Low payout threshold
- Has many offer partners which translates to even more tasks for members to participate in
- Earning is scalable with the referral bonuses
- States the conditions very precisely to avoid future payout disqualifications and dispute
The Cons – What I Dislike About Coinloot
- Has video ad tasks that look spammy
My Final Thoughts
Coinloot is one of the best rewarding platforms that I’ve reviewed thus far.
It surpasses my expectations and impresses me hugely.
It’s also one of the most unique platforms that offer cryptocurrencies as rewards.
If you approach this app with a truthful heart and take action to do the tasks given, your cryptocurrency assets will grow without even realizing it.
That’s just how good this platform is.
But as always, there’s a balance for everything in life.
In the case of Coinloot, it’s mainly about the video ads tasks.
During my test, it showed spammy money-making apps that could potentially harm the security of my device when tapped.
I do understand that the developer needs to earn money for putting together all the awesomeness.
So for me, it’s still justifiable.
Overall, Coinloot performed beyond my expectations.
You should try it out to start building your cryptocurrency assets.
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 Coinloot?
How do you rate it?
Are you satisfied?
Share your thoughts in the comment box below.
