Category Archives for "Legit"

Is The Robinhood App a Scam? Can You Make Money With This App?

Robinhood app

If you are looking to make commission-free trades then the Robinhood app is one of the newest choices out there. But is this app any good? Or is the Robinhood App a scam that is going to be a waste of you time?

This was a question that I wanted answered too. So I embarked on a mission to test this app out and see if it lived up to all the hype surrounding it. Here is my review…


Robinhood appRobinhood Trading App Review

Overview of the App

The Robinhood App was developed by a company called Robinhood Financial, which is based out of Delaware and has been around since 2012.

The app’s claim to fame is that it allows users to make free trades. They take no commissions when you trade and they say this is possible due to their extremely low overhead costs (not having storefront locations, manual account management etc.)

For those you worried about the trustworthiness of this company you will be happy to know that they are a regulated broker in all 50 (+2) states in the US and are a member of FINRA as well as SIPC, which means a lot. SIPC, by the way for those who may not know, protects securities customers up to $500k.

By looking into the company they have everything that I was looking for. They have all the right regulations and everything is legitimate. The app sounds very good on paper but of course this doesn’t necessarily mean that it is any good and worth your time, which is what I am reporting on.


How It Works

Everything is done through the app. You need the app to be able to trade. It is possible to sign up and create an account on their website (robinhood.com), but you will still need the app to make trades.

Creating your account and getting the app is very simple and they promote it as it “only takes 4 minutes”, which is somewhat accurate. I would say it takes more like 5-15 minutes though.

All you have to do get started is create your profile, enter some personal contact info, enter your SSN and confirm your identity, download the app, and fund your account. This process probably only takes 5-15 minutes of your time but you will have to wait a bit for them to approve your account before you can fund it.

You will also have to wait 2-3 days after you hook up your bank account for them to verify it.

Going Inside The App

When you first get the app you will be prompted to create a “watchlist”. The app asks you to choose 3 stocks to put on your watchlist to start. You can add as many as you want to but you need to add 3. If you aren’t sure what 3 stocks you want to keep an eye on then just pick randomly and move on.

There are also a series of questions that you are asked as far as what your financial goals are. Your options to choose from are…

  • preserve my savings
  • growth
  • a source of income
  • speculative trading
  • something else

You will also be asked random questions like “what would you do (in certain financial situations)”.

I guess these questions are to customize your experience with the app and determine what type of advice it gives you.

How To Use It

After you get all the initial stuff out of the way using the app is pretty simple.

You can search for any stock you want by using the search bar and typing in the particular stock’s symbol.

You can then click on the stock and view a graph of its performance filtered by day, week, month, year, or all-time. There will also be a bit of statistics regarding the stock’s performance listed beneath it. It will give you stats including…

  • open
  • high
  • low
  • 52 week high
  • 52 week low
  • volume
  • average volume
  • market cap
  • P/E ratio
  • div/yield

What I Like About This App

First off, its very simple to use. Anyone could easily use this app to trade and not have any problems. It also performs well and I haven’t had any glitch problems or other tech problems that could potentially be a disaster.

But what I like most obviously is that there are no trading fees. This is a ZERO commissions trading app. This alone can save you a good bit of money in some situations.

The thing is though…. how can they let people use this app and charge no fees? I was suspicious of this so I did a bit of research and found that they actually explain how this all works right on their website.


How They Make Money

They make money in 2 ways. 1) they collect interest on funds that are in members’ accounts, just like banks and other places do, and 2) they have a Robinhood Gold paid membership

This Robinhood Gold membership gives you 2x margin on your account, the ability to make before and after hours trades, and instant access to money so that you can reinvest instantly.

This Gold membership can cost you anywhere from $6/mo to $200/mo depending on how big your account is and how much buying power you want. The different prices along with the features are shown below…


Final Thoughts

Overall I like this app but I do not recommend it for everyone. It is more geared towards people that are making lots of trades on the daily in a more speculative way. The app makes it very easy to trade and you can buy stocks with 3 simple taps on your phone. Its and easy platform to use and not a hassle by any means.

However, if you are making well though out and researched trades this probably isn’t for you. The stats and charts they provide are rather basic and don’t give too much detail.

This app is definitely a legitimate and trustworthy app but its just not a good fit for all investors out there.

Do you have any questions, comments, concerns??? Leave them below in the comment section and I’ll get back to you soon 🙂

Cash On Apps, Scam or Legit? My Review Of This App

Cash On Apps

Cash On Apps is an app that claims to pay you just to download other apps…. weird right? It sounds pretty cool and all but can it really be trusted? Or is Cash On Apps a scam that is going to be nothing more than a waste of time for you?

As you may know, I’m a big fan of testing out new ways to make money online for the fun of it. Because who doesn’t love extra money right? Anyway, I just finished reviewing Cash On Apps and I’ll be going over what you need to know about this app and ultimately whether or not I think it is worth your time.


Cash On AppsCash On Apps Review

  • Website: cashonapps.com
  • App Availability: IOS and Android devices
  • Cost: Free
  • Recommended?: Not for everyone, more on this

Cash On Apps is an app that pays you to download apps. Its basically the same thing as the AppMan app and similar to the ApperWall App if you have ever heard of those.

I know it may sound like a scam and seem strange that you can get paid for doing something as simple as downloading apps, but it is actually a real thing. You see when developers come out with new apps they need exposure. So they pay places like Cash On Apps and AppMan to get people to download their new app and use it. Cash On Apps then gives you, the user, some of that money for downloading and using their apps.


How It Works

1) Join & Download the App

Cash On Apps is free to join and the app is free. If you have an Android device you can download their app at Google Play. If you have an Apple device you will have to go to their website at cashonapps.com.

2) Download & Use Apps

Once you open the app you will see all the available offers for apps that you can download. It will also show how much you will get for each download as well as some requirements after you download the app. The requirements are nothing to worry about and usually are something along the lines of having to complete a short task when inside the app, use the app for a certain period of time, or something along those lines.

You must follow the outlined requirements in order to get paid.

3) Get Paid!

For every app that you download and use you will get paid in points. These points can then be used to get mobile phone recharge or redeemed for gift cards.

In the US you can get gift cards but this option is not available in every country.


My Number 1 Complaint

If you have an Apple device you are pretty much out of luck. This is available to IOS users but its just not any good. You have to go to their website for offers if you have an IOS device and there is just a lack of offer available.

Sometimes you might to into your dashboard and there will literally be not one offer available. Not one app that is there for you to download so that you can earn money.

I have read reviews of the Cash On Apps review on Google Play and apparently it is better there. There are a bunch of offers that you have and much more opportunity. I am not sure why there is such a difference between the two.


Final Thoughts & What I Recommend

Overall I am just not a big fan of Cash On Apps but I might have a totally different opinion if I had an Android device and got to get the app from Google Play. I mean this app is legit and definitely not a scam, I’m just not a fan of it.

I would not recommend this app for IOS users for sure. They obviously don’t care much about us and largely focus on Android users, which get all the offers.

But even if you are an android user this app still isn’t all that great. The time you put into it downloading apps and the reward you get for doing it just doesn’t add up very well. You are pretty much walking away earning much less than minimum wage.

I just don’t really see the value in using an app like this for the goal of making money. Its just not worth the time and there are better ways to make money online in your spare time.

I actually make a living working online for myself and I sure as heck am not going around downloading apps. I have written a post on what I do to make money online, how it all works, and how others can do the same. You can click the link below to read about it.

–> Click Here to learn about it 

Comments, questions, concerns??? Leave them in the comment section below and I’ll get back to you 🙂

ApperWall, Scam or Legit? It Claims to Pay You for Reviewing Apps

apperwall

If you are looking to make some extra money on the side and came across ApperWall you might be wondering if this is the real deal. Or is ApperWall a scam that is going to be nothing but a waste of your time.?

As you may or may not know, I am a huge fan of making money online. After all, that is what I do for a living. However, I’m always trying and testing out new ways to bring in some money just for the heck of it. ApperWall is one of my latest little experiments and in this short review of it I’ll be going over how it all works and what I think about it.


apperwallApperWall Review

ApperWall is an app that you can download that pays you to review other apps. Its pretty simple how it works. You just download the apps that are offered, write a short review of them, and get paid.

This app is similar to AppMan, just AppMan pays you to download apps without reviewing them.

ApperWall gets their money from app creators. The apps that they offer to pay you to review come from developers that are looking to get public opinion on their apps after they change things or create an app for the first time. Its important to get reviews before releasing them to the masses. You could consider ApperWall somewhat of a beta testground for new apps.


How It Works

1) Sign Up & Download The App

It is free to sign up and download the ApperWall app. This app is available on Google Play and I’m not quite sure it is available for IOS devices but it probably is I would guess.

2) Download Available Apps & Use Them

Whenever you open up the app you will see other offers for apps that are available for you to download. You can download any that you want to and you should proceed to using the app(s) to get a feel for them.

3) Write a Review

After getting a good feel for the app(s) that you downloaded its time to write a review on them. This will only take a few minutes but you should write a decent review. Tell the truth..  what did you like? dislike? etc.

4) Get Paid

Your review will be approved within a day or two and you will then be credited with some money which varies depending on the app. If you write a crappy review you might not get it approved and you won’t earn anything.


How Much Will You Make?

They promote ApperWall by saying that “most active users earn more than $100”, but this doesn’t really tell you much because they don’t give a time frame for how long it takes to earn that. And quite frankly I don’t know if I believe it.

You will earn anywhere between $0.20 and $3.00 for every app that you review. Generally I would tell you that you can expect somewhere around $1 – $1.50.

When you review an app you won’t know the exact amount that you are going to earn. They will give you a range (for example: $0.30 – $1.00) and you will earn anywhere in that range. I am not sure how they determine how much to credit you but I am guessing that it has to do with the quality of your review.

Another Way To Earn Money

Besides reviewing apps you can also get paid by referring friends and other people to join ApperWall.

You will be given a unique link that you can get people to click and sign up, which will then credit you for the referral. For each referral you have you will earn 10% of what they earn for their lifetime using ApperWall.


How You Get Paid

Right now they only offer PayPal as a payment method, which I have no problem with. They say that they are going to be allowing people to get gift cards with the money they earn soon but I don’t know when that will happen.

All you need is $0.50 to cash out via PayPal. This is a big plus and means you don’t have to wait for eternity just to get your money.


My Top Complaint

My number one complaint about this app would have to be the overall lack of opportunity. There just aren’t all that many apps to review at any given time. Its not like you can open up the app and then knock out 50 app reviews and earn $100 or so. It doesn’t work like that.

Sometimes you might open up the app and there are only 2 apps that are offered for you to review. Other times there might be zero. The opportunity to make good money with this just isn’t there.

Other than that I don’t really have any other complaints. The ApperWall app works very well unlike many apps where you will experience all sorts of tech problems.


What Other People Think About It

Overall the general consensus is that this app is pretty good. People seem to like it.

It has a 4.5/5 overall rating on Google Play out of 567 total reviews and that is pretty darn good. I have reviewed plenty of apps and this is without a doubt a good score.


Final Thoughts & What I Recommend

Ok, so the ApperWall app is not a scam by any means. You really can download apps, write short reviews on them, and get paid for doing so. Its a pretty cool way to earn some extra cash but just don’t think you will make much.

If you expect to make more than a couple of dollars per day with this app then you will more than likely be left discouraged and disappointed. The opportunity to make even close to decent money just isn’t there. So I only recommend this app to people looking for some extra pocket change every once in a while.

As for me, its just not really worth the time in my opinion. There are better ways to make money online in your spare time.

I actually make a living working online for myself and I sure as heck am not going around downloading and reviewing apps. I have written a post on what I do to make money online, how it all works, and how others can do the same. You can click the link below to read about it.

–> Click Here to learn about it 

Comments, questions, concerns??? Leave them in the comment section below and I’ll get back to you 🙂

Is Poloniex a Scam? Some Things To Know

Poloniex

If you are looking into using Poloniex to exchange cryptocurrencies you might be suspicious due to all the scams in this rather new industry. But is Poloniex a scam? Or can you trust this place?

I got involved in cryptocurrency in 2015 and have used a good number of different sites over the years for both buying and exchanging currencies. Poloniex is one of the newer sites I’ve been using and in this short review I’m going to be covering a few things you should know before using this site.


PoloniexPoloniex Review

  • Website: poloniex.com
  • Type: cryptocurrency exchange
  • Recommended?: Kind of, more on this

Before I get started I just want to say that I am aware of others calling this place a scam online. However, I can only speak for myself and from my experiences with this site.

Overview

Poloniex is nothing more than a cryptocurrency exchange. You can’t buy Bitcoins, Etherium, or any cryptocurrency at the site. You only can exchange it.

They support exchanges for just about every cryptocurrency out there. Bitcoin, Etherium, Dash, Ripple, BlackCoin, Factom, LiteCoin, you name it.. they will exchange it more than likely.

I have been using this site recently to get Factom. Factom right now (June 2017) is hard to get. So what I’ve been doing is buying Bitcoin on other sites (LocalBitcoins, PaxFul, CoinBase, etc), transferring that Bitcoin to Poloniex, and then exchanging it for Factom. Its a ridiculous process and I loose a good bit of money with all the hoops I have to jump through but  I am confident that it will pay off.


How It Works

You probably have a good feel for how this all works by what I just explained to you. But its pretty simple.

So in order for you to exchange cryptocurrencies you will have to have some form to exchange. In my case, I was exchanging Bitcoin.

So the first step would be to deposit the cryptocurrency you are looking to exchange into your wallet at Poloniex. Poloniex has a wallet for every cryptocurrency there is. Depositing your cryptocurrency there is very easy. You will just go to the name of currency you want to deposit, click “deposit” and up will pop the address you need to send it to.

Just send the cryptocurrency to that address from wherever you are holding it and you are done. That shouldn’t take long at all. It might be slightly delayed, 1-5 minutes or so, but I have never not received my coins.

After you have coins in a wallet you are ready to exchange for the desired currency.

To begin you will click on the big Exchange button in the top menu and then click on the cryptocurrency that you want to exchange for.

You will then be able to see the going rate for this exchange. The market is always fluctuating so these number are changing constantly.

I clicked on Factom and as you can see the exchange rate right now is 0.01049329 Bitcoins for 1 Factoid. To exchange all you do is enter the amount of currency you want to exchange for and click buy. Its as simple as that.

Note: In this example I don’t have adequate funds to buy Factum but this is just for example purposes.

After the exchange is complete you will then have the new cryptocurrency that you exchanged for in your wallet. You can then withdrawal it very easily. Just go to your wallet, click withdrawal, enter the address you are sending it to along with the amount, and click the withdrawal button.


 

What I Like About Poloniex

Low Fees

Fees are unavoidable. No matter where you go there are going to be fees no matter if you are buying, selling, exchanging, whatever.

At Poloniex the fees are low. It will only cost you 0.25% when you exchange. But the more you exchange the lower the fees get. They can go as low as 0.05% at the lowest which is pretty much nothing.

Simple Process

The entire exchange process is very simple and well laid out. The frontend interface is easy to follow and not complicated at all. You also don’t have to do a bunch of identity verification or jump through a bunch of hoops. Its simple. You deposit cryptocurrency, you exchange it, then you can withdrawal it if you want.

Support

You can submit a support ticket anytime and get help with whatever the problem may be. This is an absolute must and Poloniex support is generally pretty good at helping out.

What I Don’t Like

Lagging

This site is pretty well know for lagging behind. This is one of the most common complaints that I have as well as others. This can be a serious problem for some people and cause them to lose money.

You can read an article about a recent issue with server outages and over all lagging here.


Is Poloniex Safe?

The world of cryptocurrency is a risky game. There are no exchanges that I know of that are completely safe and there never will be.

Poloniex could do some things to make their site safer, such as move off of one centralized server, but they are “decently safe” I would say.

As I’ve said, I have never had any serious problems with them but then again I am not a big trader. I just use this site here and there for small transactions.

But to answer the questions is this place safe the best answer I can give is “kinda”.


Final Thoughts

Overall I like Poloniex and am a fan. It makes cryptocurrency exchange very easy and you don’t lose a bunch of money in the process. The fees are extremely low and that is very important to me.

Their fatal flaw is lack of security. People are starting to leave this site and look elsewhere because of the recent problems that they have been experiencing with outages and things of that nature. The problem is that there aren’t really another exchanges out there (that I’m aware of) where you have the ability to exchange so many types of cryptocurrencies.

Ultimately the choice of using this site is up to you. If you are making small transactions like me then give it a try. But if you are putting a lot of money on the line you need to be more cautious.

If you have any comments, questions, or concerns leave them below in the comment section and I’ll get back to you soon.

Is Pampered Chef a Pyramid Scheme? What You Should Know

Pampered Chef

Pampered ChefIf you are looking to become a Pampered Chef consultant there are some things you should be aware of beforehand. If you have been approached by another consultant trying to get you to join in, the information given to you may have been misleading.

Pampered Chef has what you call a mlm style business model. This means that independent consultants can go out and recruit other people to become consultants and make money off of their efforts. This recruitment aspect is why many people are questioning the legitimacy of this business and are even asking is Pampered Chef a pyramid scheme, which is what I’ll be going over here.


How This Could Be a Pyramid Scheme

Its first important to know what a pyramid scheme is and how Pampered Chef could possibly be one. So the first thing I briefly want to go over is exactly this.

Ok, so we know that recruitment of new members is a big part of the business. But the real questions is how big?

In order for this to be a pyramid scheme Pampered Chefs revenues would have to be overly dependent on recruitment rather than product sales to the general public. If this were the case they could still have and sell legitimate products but would be considered a product-based pyramid scheme.

So what you have to look into here is how much they push new members to go out and recruit other members vs how much they push members to sell actual product to the general public. And to find this out we have to take a look at their compensation plant to see how distributors get paid.

Note: I might use the words distributors, members, consultants, somewhat interchangeably. I’m talking about the same thing with all these words, which is the people that are working independently, going out and selling Pampered Chef products and recruiting new people into the business.


The Compensation Plan

First off, before you can even become a consultant you will have to purchase a starter kit. This is a kit of business tools and products to help get you started and give you a little kick-start to get going.

Right now there are 3 different starter kits you can choose from ranging in price from $109 to $249.

After you buy a starter kit you are then officially a consultant and can make money in 2 main ways, selling products directly to consumers and/or recruiting new consultants and earning money off of them.

Direct Sales

These sales are going to come from you selling directly to consumers.

Many of these sales will come from parties that you host, where basically you invite a bunch of people over, cook foods, and show off how awesome the Pampered Chef products are.

Alternatively you will also have a personal Pampered Chef website that you can send people to and earn commissions off of the sales generated.

The amount of commission you will make per sale depends on the amount of sales you have made for that month. The more sales you make the higher commissions you earn.

  • $1-$749 sales/mo earns you 21% commission
  • $750-$1249 sales/mo earns you 22% commission
  • $1250-$2499 sales/mo earns you 23% commission
  • $2500-$3999 sales/mo earns you 24% commission
  • $4000+ sales/mo will earn you 25% commission

Recruitment

The compensation plan is very much focused on recruitment. The more you recruit higher up the ranks you climb. And the higher up the ranks you climb the more commissions you can earn from the people beneath you.

There are 9 ranks that you can have in this business and moving up the ranks is mostly about recruiting other members. The 9 ranks and the requirements for each rank are as follows…

  1. Consultant – $150 in personal sales/mo
  2. Senior Consultant – $150 in personal sales/mo + 1 recruit
  3. Team Leader – $750 in personal sales/mo + 2 recruits + $2,500 in team sales/mo
  4. Director – $750 in personal sales/mo + 5 recruits + $5,000 in team sales/mo
  5. Advanced Director – $750 in personal sales/mo + $5,000 in team sales/mo + one of your recruits must reach the rank or Director + $12,000 in organization sales/mo
  6. Senior Director – $750 in personal sales/mo + $5,000 in team sales/mo + three 1st generation directors & one 2nd generation director under you + $24,000 in organization sales/mo
  7. Executive Director – $750 in personal sales/mo + $5,000 in team sales/mo + six 1st generation directors & two 2nd generation director under you + $48,000 in organization sales/mo
  8. Senior Executive Director – $750 in personal sales/mo + $5,000 in team sales/mo + nine 1st generation directors & five 2nd generation director under you + $100,000 in organization sales/mo
  9. National Executive Director – $500 in personal sales/mo + $5,000 in team sales/mo + twelve 1st generation directors & nine 2nd generation director under you + $200,000 in organization sales/mo

OK… so I know that might be confusing and you don’t have to take all that in. Basically all you need to know here is that moving up the ranks is about recruitment. As you can see at each level from Team Leader on up, you are only required to stay at $750 personal sales per month. The difference is that you need to recruit more people and get your Organization Sales higher and higher.

Once you move up the ranks you unlock parts of the mlm commission structure. I don’t want to get into this too much because it is very confusing. But what you need to know is that the higher you climb the more money you can make on the people beneath you. 


So Is This a Pyramid Scheme?

Ok, so the compensation plan is definitely focused on recruitment. Its mostly about building up your team and earning more organization sales. This means you need to recruit.

HOWEVER, the commissions that you will be earning from consultants in your downline all come from product sales somewhere along the way. You are forced to sell products each month to stay active and this selling of products is that you make money off of, whether it is you selling them or those that were recruited beneath you.

This just isn’t a pyramid scheme. It may seem somewhat “scammy” that recruitment plays such a big part, but there just isn’t enough to call it a pyramid scheme.


Final Thoughts & My Advice

Pampered Chef is not a pyramid scheme or a scam. They are a legitimate company and know what they are doing. They are well aware of the legality of their business and aren’t going to dare step passed the line between a legitimate mlm and an illegal pyramid scheme.

But just because this is a legit business opportunity doesn’t mean it a good one. The fact of the matter is that with a mlm business model like this it will be very difficult to make good money. Those that make really good money are the ones that recruit like crazy and build up a massive team beneath them, earning off of their efforts.

I couldn’t find an official income disclosure from Pampered Chef to prove this point but I have reviewed enough mlm’s to know that with a compensation structure like this only those at the top are going to be making really good money.

Usually the people that end up making good money are those that have that recruitment type of personality where they can sell anyone on anything.

Personally, I don’t have anything even close to the personality it takes to make it here.  I just wouldn’t be any good at it. If you are like me then I would recommend you take a peek at how I make money online.

I make a living working for myself online, which I think is a pretty awesome job. You can learn more about it by clicking the link below that will take you to a post I wrote.

In the post I wrote I explain what it is that I do, how it all works, and how others can do the same.

–> Click Here To Read It

Comments, questions, concerns??? Leave them below in the comment section and I’ll get back to you soon 🙂

Is PaxFul Legit? Or Will This Site Scam You?

PaxFul

In the rather new and wild world of Bitcoin you can never be too cautious when it comes to trading sites like PaxFul. If you are wondering is Paxful legit or a scam platform then you are in the right place. I’ve been using PaxFul on and off for a bit of time now and I’m finally getting around to writing this review because I know a lot of people have been asking for it.

In this review I’ll be going over a few extremely important things that you should know about this site whether you are looking to buy or sell Bitcoins. Take note, I am in no way affiliated with this site and this is a completely unbiased review.


PaxFulPaxFul Review

  • Website: paxful.com
  • Type: Peer to peer bitcoin trading platform
  • Recommended?: Kind-of, more on this

Overview

PaxFul is what you call a Peer to Peer marketplace for Bitcoins. If you have ever heard of LocalBicoins.com, its pretty much the same thing as that. PaxFul is just a platform that connects people looking to buy bitcoins with people looking to sell them. They just provide a secure place to trace basically.

Sometimes, for whatever reason, bitcoin brokers like CoinBase cannot be used. This may be because they don’t allow you to use their site due to your location, maybe they don’t except your payment method, etc. The good thing about a Peer to Peer marketplace like PaxFul is that you can always find someone willing to sell bitcoins to you.


How It Works

Buying bitcoins on PaxFul isn’t quite as straightforward as buying from a broker like CoinBase. This is because each seller can make up their own rules when it comes to payment. This can be a pain sometimes but usually isn’t too bad.

The process of buying bitcoins on this site can be broken down into 4 steps.

Step 1: Search for Sellers

When searching you can filter your results based on how much money you want to spend, what currency you are dealing with, and how you want to pay. There are literally over 100 ways that you can pay people over this platform. People will except anything from iTunes and Amazon gift cards to PayPal and MoneyGram. Its pretty awesome.

Step 2: Select a Seller

There are so many sellers that use this site you will have to select one to buy from. You will see that they are all selling bitcoins at different prices. This is because they can sell at whatever price they want to and this is always going to be above market value.

For the purpose of this example I chose this guy named Eximius. I chose him because he has a very high rating of +2872 which is from people that have traded with him giving good feedback.

Step 3: Start the Trade

To begin the trade you will click the “Buy Now” button and this will initiate the trade. PaxFul will then take the bitcoins out of the seller’s account and hold them in escrow, which is for safe keeping and helps ensure you don’t get scammed.

Then you will have to follow the seller’s rules of payment. They can make whatever rules they want to because they are the seller. Some common rules to payment include having to submit your ID to the seller along with a selfie of you holding it and submitting screenshots of proof that you paid.

Just to give you an example these were the rules for the trade I clicked on…

As you can see the seller is also charging me a 4.9% PayPal processing fee. This is a bunch of crap and sellers usually rip you off like this when you pay with the more desirable payment methods like PayPal.

Step 4: Confirm Your Payment

After you have paid the seller you will then confirm your payment on PaxFul. Then after the seller also confirms it PaxFul will release you your bitcoins.


What I Like About PaxFul

Security

Now of course this place isn’t 100% secure and there are scams (that I’ll go over), but they do a pretty good job at making it a safe place to trade. The fact that they use escrow accounts is a big deal. They take the promised bitcoins out of the seller’s accounts before the trade happens so that the seller cannot just walk away after you pay and not give them to you.

No Fee’s for Buyers

PaxFul themselves charge no fees to the buyers. The sellers can charge whatever fees they want to but PaxFul doesn’t. They only charge sellers 1% fees on the total trade amount.

Tons of Payment Methods

As I mentioned earlier, the fact that you can choose from a massive list of payment options is awesome. There is no one that shouldn’t be able to find a way in which they can buy bitcoins on this site.

Support

PaxFul has a community support forum that is pretty well laid out and very helpful. On this forum you can communicate with other members and its easy to ask questions and get answers.

They also have chat support and email support at help@paxful.com.

What I Don’t Like

Inflated Prices

My biggest complaint is how inflated the bitcoin prices are on this site. As I’ve said, the sellers can set the price at whatever they want to. This usually means that they set it way above market value. The sellers know that some people need bitcoins and its hard for them to buy them elsewhere, so they jack up the prices and people get ripped off.

SCAMMERS!

Unfortunately there are scammers that are on this platform and there isn’t much that PaxFul can do about it until after they have already scammed people.

The thing is, although PaxFul holds bitcoins in escrow, the seller can just say that the buyer never paid them and not confirm the payment. This means that PaxFul won’t release the bitcoins to you.

This is why it is very important to deal with sellers that have a good reputation. Always look at their feedback from past transactions. If you do that you will be fine.


Final Thoughts & Do I Recommend PaxFul?

First off, PaxFul is definitely not a scam. I don’t see anything that would point to them being one. They simply provide a platform to trade on and they do try to make it secure, although there are instances when scams are unavoidable.

Overall, I like PaxFul and like what they have put together. It is an easy platform to use and works well. However, I would suggest buying bitcoins from a broker like CoinBase if you can. The reason for this is because you can buy bitcoins at market value and not get ripped off by individual sellers. You also don’t have to worry about the seller being a scammer.

But PaxFul is a great alternative if you can’t use CoinBase or other brokers. They are a place where anyone can buy bitcoins no matter where they live and what they want to pay with.

Anyways, that’s my review. I hope you found this helpful and all. If you have any questions, comments, or concerns leave them below in the comment section and I’ll get back to you soon 🙂

Is LocalBitcoins.com a Scam? My Experience With This Place

localbitcoins.com

If you are looking to buy and/or sell Bitcoin, then LocalBitcoins.com is one of the options out there. But with all the hype surrounding this new crypocurrency there are a lot of scams lurking in the shadows and you can never be too safe. Its like the wild west when it comes to Bicoin and you need to careful where you trade.

So anyways… is LocalBitcoins.com a scam? Or is this a safe site that can be trusted? I have been using this site along with several others on an off over the past year. Overall the site itself is definitely not a scam, but there are some things that you need to be aware of if you are thinking about using it. And in this short review I’ll be going over what you need to know.

When it comes to Bitcoins its a dangerous world out there. There are Bitcoin investment scams like Gladia Coin and Cointherum, there are cryptocurrency exchange scams, there are scams of all kinds. I hope to clarify and show you the truth of this LocalBitcoins site here in this review.


localbitcoins.comLocalBitcoins.com Review

  • Website: localbitcoins.com
  • Type: Peer to Peer Bitcoin Trading Site
  • Recommended?: For some people, more on this

Overview

LocalBitcoins.com is what you call a peer to peer trading site. Basically it is just a platform that connects people looking to sell Bitcoin with people looking to buy Bitcoin. It facilitates the trading process between people and helps to ensure a safe transaction.

This site has been been around since 2012 and is headquartered in Helsinki Finland. They have been able to keep a pretty good reputation over this time period and that is because this is a decent trading site overall.


How It Works

Ok, so this site is for both buyers and sellers alike.

Sellers can post trades on the platform where buyers can then go and find these trades. Alternatively, buyers can post trades and specify how many Bitcoin they are looking to buy, how much money they are willing to spend, and what form of payment they will use and the sellers can then find buyers to trade with. So this platform works both ways.


The Process of Trading

Ok, so here is how it works if you are looking to buy Bitcoin.

First off, you will need to search for sellers that you want to buy from. What you will do is go to “Buy bitcoins” in the top menu. This will bring up a massive list of sellers. You can filter these results based on the amount of money you are looking to spend, the currency, the location of the seller, and the payment method you are going to use.

Just for the purpose of an example I will look for a seller in the US that is willing to sell me $100 worth of Bitcoin and that will except PayPal.

Ok, so I found this trader named bitcoin.PLUS at the top of the search results and clicked on his offer. He is offering  Bitcoin at a rate of $3218.12 USD/BTC.

The Terms of the trade are listed over on the right hand side. These terms were created by the seller and you must follow these.

As you can see in the bottom right, he lists the steps you must make to trade successfully. He wants your Paypal email address, your name, a picture of your ID, and then on Step 4 (which you can’t see) he asks for a selfie of you holding a piece of paper with this trade written on it.

This is all to verify that you are legit and this is very common. Just about all of the trades I have made required the same thing.

You will have a 90 minute window to execute this trade. During this 90 minutes LocalBitcoins.com will take the Bitcoins out of the sellers account and hold them in a safe escrow account. Then when the trade is complete and your payment is confirmed the Bitcoins will be released to you and will end up in your wallet at LocalBitcoins.com.

To start the trade you will “Send Trade Request” to the seller and then you will be able to communicate and go over how its going to go down.

Selling Bitcoin

So everything I just went over is how you go through the process of buying Bitcoin. As a seller you will be able to post a trade in which you will be able to specify the following…

  • currency
  • min/max trade amount
  • % you want to sell the BTC above market value
  • hours that the trade is open
  • terms of the trade
  • and more

One of the nice things about selling here is that you can specify the trade hours. So lets say you work a full time job and only have 2 hours from 8pm to 10pm when you are free. You can set your trade to only be open during those hours.

When someone sends a trade request you can accept their trade or deny them.


What I Like About LocalBitcoins.com

Payment Safety

As I mentioned, when you start a trade LocalBitcoins takes Bitcoins out of the sellers wallet and holds onto them in a safe escrow account. This is so that you don’t end up paying and then they refuse to give you the Bitcoins. Once the trade is completed they will release the coins to you.

Trader Reputation

There is a pretty good reputation system in place where you can see feedback that sellers and buyers have received from past trades. This is important because you can see what other people think of the trader and any problems that they might have caused.

As a rule of thumb I only deal with people that have good feedback/ratings on this site.

Lots of Payment Methods

There are literally over 30 ways that you can buy Bitcoins on this site. You can pay with PayPal, MoneyGram, iTunes Gift Cards, cash by mail, credit cards, etc.

Remember, you are dealing directly with other individuals here. So they can ask for just about any payment method that they want. There are a lot of weird ways you can pay people for them to give you Bitcoins.

Support

You can contact the support center by submitting a ticket. I would say that their support is pretty good and this is a very important aspect of a site like this.

What I Don’t Like

Inflated Prices

Sellers on this site can set their prices at whatever they want. You will often see people trying to sell Bitcoins at extremely high prices that are way above market value. This is especially common from people that accept more desirable payment methods like PayPal. This is the main reason that I hardly use this site any more.

There are good deals but many are ridiculous.

Trade Fees

Each trade cost the seller 1% of the total trade amount. This is only a pain for sellers but honestly isn’t too much.  I don’t really like it but I see it as necessary.

SCAMMERS!

LocalBitcoins.com does a good deal to ensure safety for all traders but they will never be able to totally eliminate all the scammers out there. There are scams that occur.

Although LocalBitcoins holds Bitcoins in escrow it is still possible for sellers to scam you. What could happen is that you could pay for the bitcoin as instructed and the seller could simply say that you did not pay. You can always dispute this with the support center but that doesn’t guarantee you will get your money back and depending on how you pay it can be hard to prove.

My advice here is to only deal with reputable traders. I have never been scammed and that’s because this is what I do.


Final Thoughts & Do I Recommend LocalBitcoins.com?

Ok, so LocalBitcoins.com is definitely not a scam. They are just a 3rd party platform that hooks buyers up with sellers and helps create a smooth and safe transaction of money for Bitcoins, etc. They do a darn good job in my opinion of keeping it a safe environment and I have never had any problem with them.

I would recommend them for both buyers and sellers. My biggest problem with this site isn’t the site itself, but rather the sellers on the site. There are just too many ripoffs with people selling Bitcoin at extremely high rates. This is why I rarely use the site anymore, because its hard to find a good deal sometimes.

A better choice when it comes to price is CoinBase. They sell at market value and not at inflated prices. They are basically like one big Bitcoin bank and you buy from them, not from individuals. They are definitely better when it comes down to the price and you don’t have to jump through a bunch of hoops to buy the Bitcoins.

Anyways, that’s my review. I hope you found this helpful and all. If you have any questions, comments, or concerns leave them below in the comment section and I’ll get back to you soon 🙂

Is Mobrog a Scam? Is It Worth Your Time?

Mobrog

If you are looking to make money online taking paid surveys, Mobrog is one of your options. But is this site any good? Or is Mobrog a scam that is going to be a waste of your time and have you slaving for next to nothing?

Generally, online paid surveys are not all that great. But I wanted to give Mobrog a chance and see if its any good. So I reviewed this survey site and in this review I’ll be going over what you need to know before you decide if this is a good choice for you or not.


MobrogMobrog Survey Review

Overview

Mobrog is a paid survey site operated by the market research company SPLENDID RESEARCH GmbH. Any one can sign up through the mobrog.com website or download the app for free and start earning money taking online surveys.

Big companies pay SPLENDID RESEARCH GmbH money to conduct market research and get consumer opinions. This is where the money comes from and you get paid a small percentage of this money as incentive to take the surveys, which are used to gather your opinions.


How It Works

The first step would be to sign up which is free to do. But just hold off on this because you are going to want to read this review first. Signing up is simple and just requires your name, email, and some basic things like that. You can sign up on the website or you can download the Mobrog App.

After signing up you will be given a survey that you won’t get paid anything for. This is like a profile type survey so that Mobrog can get to know you better and then more appropriately match you with surveys that are relevant to you in the future. This survey will ask you about your family, income, job, activities, home, etc.

After completing this initial survey you will be able to take surveys and actually get paid for them. However, there probably won’t be any available to you right away. Mobrog has to find ones to match you with.

Once you do get a survey available to you, you can then participate in it and make money.


How Much Money Can You Make?

The answer is not much. This has become the norm for paid survey sites like this. It is very cheap and easy for them to get people’s opinions online so they have no real need to pay people any more than they do.

One thing I like about Mobrog is that they don’t inflate the earning potential here. They tell you like it really is. They tell you that they pay on average anywhere from $0.50 to $3.00 per survey. These numbers are actually true.

You can expect these surveys to take anywhere from 10 – 25 minutes to complete generally, although you will have some outliers that are shorter or longer. And generally the longer surveys will be the ones paying more.


How You Get Paid

Once you have racked up $4 in your account you are able to cash out via PayPal.  This is a very low cash out threshold compared to other paid survey sites and that is a good thing. Also, PayPal is a great and each way to cash out so that is another plus.


The Main Problems I Found

The main problem that I found with Mobrog is their overall lack of available surveys. It seems that there just isn’t all that much opportunity on this site. They seem to be a rather small market research company and because of this they just don’t offer as much.

It is common for you to go days and even a week without getting any surveys. And this is a complaint that I found to be pretty common when I was searching around online to see what other people were saying about it.

Another big issue is qualifying. It is not uncommon to take a survey, make it half way through it or even entirely through it only to find that you don’t qualify or that it was “unsuccessful”, which means that you don’t get paid for your time.

I understand that they do need to match the surveys up with the appropriate people and that you might not qualify for each one but I think they could do a better job at pre-screening you for the surveys before they make them available to you.


Some Other Complaints

  • Low Pay – This is just the way it is nowadays when it comes to online surveys. Pay is low and it equals out to below minimum wage when you think about all the wasted time trying to qualify for surveys etc.
  • Tech Issues – There are a lot of complaints about the app and the website having tech issues of all sorts, most of them from not being login issues. This happens but it seems to be rather high with Morbrog.

Final Thoughts & What I Recommend

Honestly I’m not too big of a fan of paid survey sites. They just aren’t worth the time you put into them in my opinion. I was hoping that Mobrog would be better than this but its really not. It pays little just like the industry standard and it has a major lack of opportunity.

If you really want to make little money taking surveys online then I would recommend SwagBucks over Mobrog. SwagBucks is a much larger site and they offer a heck of a lot more ways to earn money and overall have a lot more opportunity.

But like I said, I don’t really recommend any paid survey site. They just don’t pay much at all and there are better ways to make money online with your spare time.

I make a living working online for myself and I sure as heck am not going around taking paid surveys. I have written a post on what I do to make money online, how it all works, and how others can do the same. You can click the link below to read about it.

–> Click Here to learn about it 

Comments, questions, concerns??? Leave them in the comment section below and I’ll get back to you 🙂

Is Guru.com a Scam? Some Things To Know

guru.com

If you are a freelancer looking for online work then Guru.com is one of the big choices out there. But should you actually trust this place or is Guru.com a scam that is going to be a waste of time and effort on your part?

I have reviewed this freelance platform (if you want to call it that) and I can tell you that it is not a scam. However…. there are scams on this site that you should be aware of as well as some other important things you should know. In this review I’ll be going over how it all works, the scams, some things I like/don’t like, and ultimately whether or not I recommend Guru.


guru.comGuru.com Review

  • Website: Guru.com
  • Cost to Join: Free
  • Recommended?: Yes, for some; more on this

Overview

Guru.com is an online platform that connects freelancers with businesses and individuals looking to hire people for various online projects. They are just a 3rd party “middleman” that does the work of helping freelancers find work and helping buyers find the right freelancer, as well as they ensure a safe payment transaction between the two.

This site is good for freelancers ranging from newbies to veterans. There is a massive job market and plenty of opportunity on this site for freelancers of all kinds.


How It Works

The first obvious step is to sign up. This doesn’t take long and you will only need to fill out your name, email, address, and I think that is it. After that its time to fill out your profile.

Filling out your profile is extremely important and I suggest you take a good bit of time on this. This is what potential employers will see and it can be a “make or break” factor. You will have to give yourself a title, a description of what you offer, some keywords of your skill-set, your minimum hourly rate, and what category your skills are in.

After that you are ready to land a job.

As a freelancer there are 2 basic ways that you can get jobs… you can search through the thousands of job postings and filter your searches to find the types of jobs you are looking for, or you can sit back and wait for buyers to find you and hire you based on your skill set.

The first choice is definitely the one you are going to want to go with, especially at the beginning when you are just getting started. Once you do a bunch of jobs and get good reviews on your profile you will build up credibility and buyers will try to hire you more often. But when you are just starting this isn’t going to happen.

When you get a job Guru.com takes money out of the employers account depending on how much the pay is listed at for the job. This is held by SafePay while you complete the job. When you reach “milestones” or finish the job completely SafePay will release the money to you. This escrow feature is to keep freelancers safe from scammers.

You can choose to get paid via direct deposit, PayPal, prepaid MasterCard, and some other methods.


Some Things I Like

Payment Protection

I think it is very important that Guru.com protect your payments like they do. They use SafePay to hold onto employer’s payment and then release it to you when you finish the specified job. This helps to ensure that you actually get paid. If they weren’t to do this any employer could have freelancers do a job and then walk away without paying.

This is a nice safety feature that is very necessary on sites like this.

Easy to Use

The platform is easy to use at Guru.com. Its well laid out and I think its fairly easy to search and find the types of jobs you are looking for.

Notifications

They have a notifications feature that notifies you of projects that you might be interested in. The projects that you are notified of are chosen based on your profile. This is a nice feature and is a good way to bid on a project the instant it comes out.

Things I Don’t Like

Limited Bids

When you apply to get a job it is called “bidding”. You have to bid on any job you want and then the employer will go through and hand-select who they want. At Guru.com you only get a limited number of free bids each month. You will have to pay for a membership if that isn’t sufficient.

Unsatisfactory Projects

There seem to be a lot of low paying projects on this site and that is something that no freelancer wants. There are good projects too, its just that I noticed there seem to be a good number of low quality ones.

Fees

Guru will take 5% of the money you make as a fee. This sucks but actually isn’t that bad if you look at other similar sites. Upwork charges 10% and PeoplePerHour starts off at 20% fee each month.

Hard to Get Started

It is very hard to find work when you just get started. You don’t have any credibility yet and people just don’t want to hire you. This is the same for any freelance site but I thought I would throw it out there because it shouldn’t be overlooked.


Guru.com Scams, Beware

There are a lot of scams on freelance sites like this. Scam employers will hire people to do work and then simply vanish and not pay them for what they have done. I have reviewed a number of freelance sites including Upwork and PeoplePerHour, but Guru.com seems to have a relatively high number of scams on the platform.

Maybe they aren’t as good at filtering out scams and wiping them off their site? I don’t know the reason.

But anyway, before starting a job on Guru, make sure the client’s payment method is verified. Also, if they contact you saying that they aren’t going to use Guru’s payment system then stay away. Some people will tell you that they are going to mail a check or do something outside of the system. These are more than likely scams.


Final Thoughts & Do I Recommend Guru.com?

Ok, so first off, Guru.com is definitely not a scam. There are a lot of scams on the platform but the Guru platform itself is legit. All in all I think it is a fairly decent platform and it has some benefits to using it over other similar ones. For one, the 5% fee they charge is low compared to other freelance platforms and that means you get to keep more money.

However… I still would probably recommend UpWork over this. They do charge higher fees but there just seems to be more opportunity to find good jobs there along with more good paying projects.

But Guru.com is still a good choice and it is one of the better options that you will find for freelance work.

On another note, if you are interested in working for yourself online then I would suggest taking a look at how I make money online.

I make a living working for myself online, which I think is a pretty awesome job. It gives you more freedom than freelance type work which is probably my favorite part of it all.

You can learn more about it by clicking the link below that will take you to a post I wrote. In the post I wrote I explain what it is that I do, how it all works, and how others can do the same.

–> Click Here To Read It

Comments, questions, concerns??? Leave them below in the comment section and I’ll get back to you soon 🙂

Is Upwork a Legit Opportunity? What You Should Know

upwork

If you are a freelancer looking for some online work, Upwork is one of your options. But.. are they are a good option? Is Upwork legit? Or is it just another online scam job board that is going to be waste of your time?

Upwork does have a lot of scams on their platform but the Upwork platform itself is no scam. In this review I’ll be going over what I mean by that as well as how this place works and the upsides/downsides to it all.


upworkUpwork Review

  • Website: upwork.com
  • Type: Freelance job platform
  • Recommended?: Yes for some; more on this

Just to be clear here at the beginning. I am reviewing Upwork from a freelancer’s perspective.

Overview

Upwork is a freelance job site. They are the biggest one out there and are a decent choice for any type of online freelancer. Whether you are a newbie, a season veteran, looking for an hour long job, looking for a week long project., etc. . Upwork has work that would fit you.

There are thousands upon thousands of open job postings each day from people and businesses looking to hire freelancers for various projects. You can apply for these jobs easily, communicate with the buyer, get the job done, and ultimately get paid.

Basically this site is just a platform to connect buyers (people looking to hire) with freelancers.


How It Works

Ok, so its pretty simple how everything works here.

The first step is to sign up. To do this you will just need to enter your name, email and some other things like that. After that you will have to confirm your email by clicking a link that they send you.

Then its on to your profile. You will have to describe what it is that you do, list keywords for the skills you possess and fill out a bunch more information on you. This might take a while to complete but it is very important. This is what buyers will see before they hire you and could “make or break” you when it comes to getting hired. Also, Upwork actually screens your profile and has to approve it. So you need to put some time into this and make it good and unique.

After that you are ready to apply for posted jobs.

You can search through 1000’s upon 1000’s of jobs that are available and filter your searches to narrow them down to specific types of jobs you are looking for.

If you are just starting out you are probably going to want to apply to tons of different job postings. Why? Well because when you are a newbie you won’t have any good client reviews and people will be hesitant to hire you. So its going to be the most difficult to start out.

Buyers that are looking to hire freelancers will also be able to contact you for jobs but I wouldn’t count on this in the beginning. It is highly unlikely.

But anyways. When you apply for a job you have to write a short description on why you would be good for that job. Take a bit of time on this because it is important.

When you are hired for a job, the buyer will have to put the money that they are going to pay you in an escrow account on UpWork. UpWork holds onto this money and releases it to you after you have completed the job. This is a safety feature and helps protect you against scammers.


UpWork Scams

While UpWork itself is definitely no scam, there are a lot of scams on sites like this and there is not much that you can do about it. You just have to be careful and know what to look for.

Although money is held in an escrow account for safe keeping and to ensure payment for your work, you could still get scammed.

Before starting any job you should first make sure that the buyer’s payment method is verified. If it isn’t set up then that means there is not going to be any money held in escrow and the buyer could simply walk away after you complete the job without paying you. It happens and it sucks.

And as a rule of thumb, if the job sounds too good to be true then it probably is. If there is a job posting telling you that “you can make $279/hr just by copying and pasting” or something along those lines… its a scam.


Pros v Cons of UpWork

Pros

  • Payment Security – As mentioned, payments are held by UpWork in an escrow account. This helps to ensure payment and that you won’t be scammed.
  • Easy To Navigate – The site is well laid out and easy to find the jobs you are looking for.
  • Lots of Opportunity – This is the biggest freelance site out there. There are plenty of job postings and should be plenty of opportunity.

Cons

  • Fees – One thing I didn’t mention is that they will take 10% fees from the money you earn. So if you work a job for $100 you will only get $90 and UpWork will keep the other $10. Other freelance sites like PeoplePerHour charge even more however, so its not too too bad.
  • Profile Setup Takes a While – Setting up your profile takes forever it seems. The time factor here is a major con, but then again this does serve a very important purpose and pays off in the long run.
  • Scam Postings – As I’ve said, there are scam job postings on this site that you need to keep an eye out for. There isn’t a freelance site out there that I know of that is able to keep all scams off of their site. But I think UpWork could probably do a better job at removing the obvious scams on the platform.

Final Thoughts & What I Recommend

Ok, so UpWork is definitely not a scam. The only scam part about it is the scam postings that you find on the site that come from scammers. Other than that UpWork is a good site. Its an easy site to use and once you get the ball rolling you can pick up a lot of freelance work.

You just have to be relentless when you are getting started. Apply for tons of jobs, get your client reviews up and then things will get a lot easier as you build credibility.

All in all I think this site is a good place for freelancers of all kinds. They are massive and have all sorts of postings that can accommodate any type of freelancer.

On another note, if you are interested in working for yourself online then I would suggest taking a look at how I make money online.

I make a living working for myself online, which I think is a pretty awesome job. It gives you more freedom than freelance type work which is probably my favorite part of it all.

You can learn more about it by clicking the link below that will take you to a post I wrote. In the post I wrote I explain what it is that I do, how it all works, and how others can do the same.

–> Click Here To Read It

Comments, questions, concerns??? Leave them below in the comment section and I’ll get back to you soon 🙂

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