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Home / Earn Money / Side Hustle / Freecash Review: Pros, Cons, And Alternatives

Freecash Review: Pros, Cons, And Alternatives

Updated: October 7, 2024 By Sarah Sharkey | 7 Min Read Leave a Comment

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Freecash review | Source: The College Investor

Freecash offers a way to earn extra funds for completing simple tasks online. Although you won’t replace your day job with this income, you have the chance to pad your bottom line. 

Whether you want to save those funds for your financial future or splurge on yourself, having access to a flexible way to earn extra funds is never a bad thing. 

Let’s take a closer look at what Freecash offers. 


freecash

Quick Summary

  • Earn coins by completing tasks like testing websites and taking surveys 
  • Redeem coins for cash, gift cards, or video game skins
  • Highly rated by users on Trustpilot
OPEN AN ACCOUNT

Freecash Details

Product Name

Freecash

Max You Can Earn Per Task

$144.38

Average Amount Users Make Per Day

$10

Value of 1,000 Coins

$1

Promotions

None

What Is Freecash?

Freecash is a platform that pays you to complete tasks with partner companies. In exchange, you get paid in coins which can be redeemed for cash, gift cards, cryptocurrency, and more. 

The platform has been around since 2020 and Freecash has earned a positive reputation online by providing an opportunity to turn spare time into an income stream. 

What Does It Offer?

If you are looking for a flexible way to earn extra cash, Freecash offers a way to build that income stream. Here’s a closer look at the features. 

Earn Coins For Completing Tasks

The major feature of Freecash is that you can get paid for completing tasks online. A few of the tasks that you can earn coins for include testing apps, testing websites, taking surveys, opening bank accounts, and more.

Freecash review: earn coins for completing tasks | Source: The College Investor

Screenshot of the sign up process. Source: The College Investor

According to Freecash, you can earn up to $144.38 per task. But in most cases, you’ll earn a much smaller reward per task. On average, users make around $10 per day. The amount you can earn depends on what tasks are available and how quickly you can complete them. 

Some of the most active members on Freecash make over $1,000 per month. But the majority of users aren’t earning nearly that much. Although Freecash says it is easily possible to earn more than $100 per month, that would likely require a significant time commitment. 

Multiple Cash Out Options

As you complete tasks, you’ll earn coins. The value of coins works out to 1,000 coins, which equal $1. As you build up coins, you can allow them to accumulate in your account. 

But eventually, you will turn those coins into cash. There are several ways to redeem your coins, including:

  • PayPal: You can receive the funds in cash via PayPal when you have at least $5. 
  • Cryptocurrency: You can cash out your funds in some popular cryptocurrencies like Bitcoin, Dogecoin, Ethereum, and Litecoin.  Minimum cash out for crypto is $0.20.
  • Cash: You can have the funds deposited directly into your bank account if you have at least $5. 
  • Gift cards: Popular gift cards are available in increments of $5. The available gift cards include Amazon, Visa, Google Play, Apple, and more. Some of the gift cards, like those for Netflix and Spotify, require higher minimum withdrawal amounts. 
  • Skins: If you play certain video games, you can redeem your coins for skins within the game. A few of the connected video games include Fortnite, Roblox, and League of Legends. 

The sheer number of cash out options makes them appealing. You can use this as an opportunity to bring in cold hard cash or leverage this platform to cover some of your shopping habits through gift cards. 

Extra Prizes

Earning money for completing a task is a nice opportunity. But making the top 50 of the Freecash leaderboard puts you in the running for the $5,000 in prizes that are awarded on a monthly basis. 

Freecash review: prize offers screenshot | Source: The College Investor

Offers that were available to us during testing. Source: The College Investor

Are There Any Fees?

No, you won’t have to pay a fee to work with Freecash. 

If an online money-making platform ever asks you to pay for the privilege, that’s a big red flag. Freecash does warn users that some of the tasks might involve paying for a product. But it’s possible to avoid these types of offers and earn coins through other options. 

Contact Information

If you need to get in touch, the fastest option is through the Live Support chat. But this option is only available after you make an account. Other listed contact methods include Twitter @freecashcom. 

Based on the 4.7 out of 5 star rating from Trustpilot, you should encounter a pleasant experience with Freecash. In fact, over 80% of the 22,000+ reviewers left a 5-star review. 

How Does Freecash Compare?

Freecash isn’t the only way to make money by completing surveys online. Although there seem to be countless other options, two that stand apart from the crowd are Survey Junkie and Pinecone. 

Survey Junkie is one of the most popular survey taking sites out there and offers a straightforward platform with plenty of survey opportunities.  

Swagbucks is another contender because they are one of the longest running survey and rewards sites.

Header
freecash comparison
freecash comparison: Survey Junkie
Swagbucks

Rating

Average Payout

$10

$0.50 to $3

$0.50 to $3

Exchange Rate

1,000 coins = $1

100 points = $1

100 points = $1

Payout Minimum

$5

$5

$1

Trustpilot Reviews

4.6 out of 5

4.3 out of 5

2.1 out of 5

Free to Sign Up?

Yes

Yes

Yes

Cell
GET STARTED
GET STARTED
GET STARTED

How Do I Open An Account?

When you are ready to open an account, head over to Freecash and provide your email address, create a username, and confirm a password. You also have the option to sign up with an existing Google or Steam account. 

Before you sign up, it’s worth noting that Freecash won’t allow you to complete tasks while using a VPN. If you were planning on completing tasks through a VPN, that might make you rethink your decision. 

freecash review: how to get started | Source: The College Investor

Getting started after sign-up. Source: The College Investor

Is It Safe And Secure?

The Freecash Privacy Policy indicates that the company doesn’t share, sell, or rent your personal information to third parties. However, the company might share your information with a law enforcement agency if asked. 

Additionally, the company takes protecting your data very seriously. The company uses industry-standard techniques to protect your account from theft. 

Is It Worth It?

Freecash presents a useful opportunity for anyone looking to earn a little bit of extra cash. Although you can absolutely earn some money through the platform, it likely won’t constitute a substantial portion of your income. 

If you are looking for a way to earn more serious cash, there are other options out there. For example, you might start freelancing or pick up extra hours at your day job. 

Overall, Freecash is a solid platform with reasonable earning potential if you have a few minutes to spare throughout the day. 

Features

Payout Methods and Minimums

  • PayPal: Minimum needed to receive payout $5
  • Cash: Minimum needed to receive payout $5
  • Gift cards: Minimum needed to receive payout $5
  • Crypto: Minimum needed to receive payout $0.20

Value of Coins

1,000 = $1

Opportunities to Make More

If you make the top 50 on the leaderboard you have the chance to win $5,000 in prizes, awarded each month.

Fees

Depends on what the task is. Sometimes you may be asked to buy a product. 

Customer Service

Live support chat

Twitter: @freecashcom

Mobile App Availability

N/A

Web/Desktop Account Access

Yes

Promotions

None

Freecash Review: A Way To Earn A Little Extra In Your Spare Time
  • Potential to Earn
  • Customer Service
  • Ease of Use
Overall
3.8

Summary

Freecash offers a way to earn extra funds for completing simple tasks online. Although you won’t replace your day job with this income, you have the chance to pad your bottom line.

Pros

  • Multiple cash out options
  • Relatively low cash out threshold
  • Transparent earning opportunities

Cons

  • Many tasks have low pay
  • Some tasks require signing up for another app or product
  • Not the most efficient way to make extra money
  • Open An Account
Sarah Sharkey
Sarah Sharkey

Sarah Sharkey is a personal finance writer covering banking, insurance, credit cards, mortgages and student loans. She has written for numerous finance publications, including MagnifyMoney, Business Insider and ChooseFI. Her blog, Adventurous Adulting, helps young adults get a handle on their finances.

Editor: Claire Tak Reviewed by: Robert Farrington

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any of these entities.
Comment Policy: We invite readers to respond with questions or comments. Comments may be held for moderation and are subject to approval. Comments are solely the opinions of their authors'. The responses in the comments below are not provided or commissioned by any advertiser. Responses have not been reviewed, approved or otherwise endorsed by any company. It is not anyone's responsibility to ensure all posts and/or questions are answered.
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