Welcome to my CoinBoom review!
I stumbled upon CoinBoom while scouring the Google Play Store for a money-making application.
The developer claims to reward users simply for installing and running sponsored applications, with a focus on games.
Just imagine earning tokens while you play your favorite games—it sounds like the perfect way to spend your time!
The app tracks your activity and rewards you based on how long you play, much like JustPlay, MistPlay, and many other similar apps.
Once you’ve racked up enough tokens, you can exchange them for cold, hard cash.
But in a sea of apps that promise easy cash and underdeliver, could CoinBoom be different? Is it legit or fake?
Let’s find out!
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CoinBoom Review
- Name: CoinBoom
- Developer: Bipinwin
- Price: Free – no financial risk
- Payout threshold: £9
- Overall Rating: 0 stars
What is CoinBoom?
CoinBoom is a reward application that supposedly pays you to play games and use other apps.
It has been installed over 100,000 times, sparking interest among those seeking a legit way to monetize their playtime.
The premise of CoinBoom is simple: it showcases sponsored games and rewards you with coins for trying them out.
Once you’ve amassed enough coins, you can redeem them for cash rewards through PayPal and other methods.
Be aware the app is still in early access, meaning it’s still a work in progress and undergoing development.
As a result, users cannot post reviews on the Play Store for now. This limitation raises concerns for users who rely on reviews to determine the legitimacy of an app.
Additionally, it’s essential to know CoinBoom doesn’t encrypt your data, making your personal information more susceptible to hacks or data breaches.
How Does CoinBoom Work?
Available on the Play Store worldwide, it’s 100% free and doesn’t even require registration.
Typically, legitimate reward apps require users to create accounts and verify their identities to avoid fraudulent accounts trying to exploit the system.
Once you’ve downloaded the app, you’ll be prompted to grant access to your usage data.
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This is how the company tracks your playtime and rewards you with coins. And as a little bonus, they’ll give you 150 coins immediately.
Speaking of coins, how much are they actually worth? Not much!
By visiting the exchange section, you’ll discover that you need a whopping 1 million coins to redeem just £9 (or the equivalent in your currency).
To start collecting coins, you must head to the featured section, where you can choose from a list of third-party applications, primarily games.
In the UK, for example, there were only 12 options, including Cash Master, TikTok, and even Tinder.
After tapping “Play,” you’ll be directed to the Play Store to download the app.
But before you get too carried away, remember to return to CoinBoom and launch the app from the “my app” list.
Otherwise, the company won’t be able to track your playtime and reward you.
Unlike similar apps, CoinBoom keeps you guessing how many coins you’ll get per minute or level.
You’ll only find out after you’ve played for the first 600 seconds. So, expect around 400 to 600 coins for this initial period, which range from approximately £0.0036 to £0.0054.
We’re talking about mere fractions of a penny here, folks!
Given the high threshold for redemption, it becomes evident that users are practically volunteering their time.
But believe it or not, this is an underestimation! You’ll have to play progressively longer – 1200s, 1800s, and 3600s to collect more coins.
As you can see, it becomes increasingly difficult to accumulate coins as the conditions keep growing!
We’ll delve into more details about this clever tactic in the next section, where we answer the crucial question.
Is CoinBoom Legit? Does it Pay?
The chances of users receiving payment from CoinBoom are slim to none, and here’s why.
Users earn between £0.0036 and £0.0054 for the initial 10 minutes of playtime.
Imagine playing for the first 10 minutes and earning a mere £0.0036 to £0.0054!
A simple calculation would reveal that you would have to play for approximately around 333 hours to redeem the £9 reward.
But it gets even worse! After those 10 minutes, you have to play for 20 minutes, 30 minutes, and 1 hour to earn the same number of coins. That’s just insane!
And if that isn’t enough to raise some eyebrows, CoinBoom only offers 12 supported apps in the UK.
So, good luck trying to reach that lofty goal of 1 million coins—it’s virtually impossible!
With such a scarce selection of games and an incredibly high cash-out requirement, users are destined to face a dead end in pursuing rewards.
The app’s ongoing early access classification is enough reason to stay away because transparency is key!
If users could leave reviews, the truth about CoinBoom’s rewards system would likely be brought to light, deterring potential users from installing it.
Conclusion
CoinBoom makes it virtually impossible to reach the 1 million coin requirement!
Therefore, I don’t recommend you waste your time trying to collect a measly £9 as you will never reach the target.
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Final Words
Thank you for reading my CoinBoom review. I hope you found it informative and eye-opening!
If you’d like to express your opinions on this app, please do so in the comments section below.
Peace!