Thanks for dropping by to check out our review of Readercoin.
Many people these days enjoy listening to audio books, and our review will be showing you how you can actually earn by doing just that on the Readercoin platform.
Many authors read a particular genre in order to become more successful in that specific area, and this app makes that easy. It is a valuable promotional tool for authors in diverse genres, and rewards them financially each time someone is introduced to their work.
But how much are you actually going to earn by using this App? And what are users saying about the App? We will be covering this in our review, but first let’s find out how things work.
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How Readercoin Works
Readercoin is available for both your Android and iOS device. Once you download the app, you can create an account and start reading for free. If you’re an author, you can upload your books after your account has been created.
Rewards are made in several forms, and you could exchange your points for physical merchandise. Cash payments are made through PayPal. If you wish, your earnings can be used to support a charity in your area.
How much can you Earn With Readercoin?
Readercoin pays you in Readercoins, and these can be exchanged for other rewards. You’ll earn one Readercoin after you spend 10 minutes reading. So, if you select an exciting thriller for example, and read for 3 hours, you’ll earn 18 Readercoins.
Your earnings improve if you read a Bonus book. A Bonus book pays two Readercoins for 10 minutes, even when you aren’t on a streak. If you are on a streak, you’ll get three Readercoins in just 10 minutes.
You also earn more if you earn at least one Readercoin a day for three days, and enter a Readercoin streak. This will pay you two Readercoins for every 10 minutes of reading.
On a streak, if you read for two hours every day for a week, you would earn 168 Readercoins, or $1.68.
That’s money that could help someone to get clean water, or go towards your credit card debt. Every little bit helps you to reach your goals.
A hundred Readercoins can be traded for $1 USD. Both authors and readers are paid to use Readercoin, and as an author, you’ll earn one Readercoin every time someone reads 10 minutes of your book.
You also receive valuable analytics on how far people have read, and so on.
Authors who are currently on Amazon and Wattpad will earn 5000 Readercoins if they also put their book on this promotional platform. The average user on Readercoin reads and listen for more than two hours a day, so they earn at least $0.12 daily.
You can request your rewards when you want to have cash in your PayPal account. Payment is not currently made via bank transfers, but you can use your rewards to help make the world better by assisting a charity.
Feedback from Users
Readercoin authors like having a viable platform that they can use to grow their audience and earn. They also appreciate the analytics that the site was intentionally designed to provide. Readers like having access to books in convenient formats, and the opportunity to earn cash for themselves or give to charity.
What Are The Pros?
- Readercoin gives you a wide selection of books.
- You can read any one of them for free, so you don’t need a subscription to another service.
- You can easily listen to them while you travel.
- They have a referral program, and this allows you to earn a few more points.
- In addition to PayPal cash, you can receive physical merchandise as your reward. For example, you could get a device for listening to books.
- If you have written a book, you can promote your hard work, and get paid.
- Payments are sent to PayPal, and you can support the work of charities.
What Are The Cons?
- Readercoin lets you refer as many people as you want to the platform, but you’ll only receive a bonus for the first four.
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Some Final Thoughts
Readercoin helps you to build your mind, relax, and gain new information, by reading. You can use it in any location, and earn rewards while doing so.
Promote your book, grow your audience, and receive cash payments, instead of giving away your books without receiving a boost in audience growth.
This can readily be paired with other apps, so you can listen to a book while you jog. If you do that, you’ll earn cash from both simultaneously, and can donate to charity, from both activities.
Star Rating 2.5/5 -An App that allows you to earn for doing something you enjoy which is reading.