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Readercoin Review At a Glance
What Is Readercoin?
Readercoin was a mobile rewards platform that shut down in 2019. Users of the platform could get paid to read, listen to, and upload books to the platform. When it was actively operating, it claimed that users were listening/reading for over 150 minutes a day, with many donating their earnings to charity.
General Details 📜
|Helps You:||Make Money|
|Opportunities:||Novel Reading Refer-a-Friend Writing|
Company Details 🏢
|Legal Name:||Audiopub, LLC|
|Founders:||David Cook • Geoff Cook|
|Headquarters:||Pennington, New Jersey, United States|
Who Is Readercoin For?
Readercoin was made for both readers and authors. Both types of users could use the app to read or listen to free books (while getting paid) or upload their books for free reach and earnings.
|Minimum Age:||13 years old|
|Supported Devices:||Android Phone, iPhone|
How Does Readercoin Work?
There's 1 type of user on Readercoin:
- Members (earners)
Here's how Readercoin works for them:
How Readercoin Works For Members
Readercoin members can earn Readercoins (RC) by reading, listening to, and uploading books to the platform. 1 RC = $0.00166667-$0.0025. After accumulating $2 (~800-1,200 RC), Readercoins can be exchanged for PayPal cash, gift cards, and charity donations.
Key Points 🔑
|Income Type:||Active, Passive, Semi-Passive|
Readercoin earnings can be considered semi-passive if you were planning on reading anyway. Author earnings are almost completely passive as, once your book is uploaded, you earn on autopilot whenever someone reads or listens to it.
|Point Conversion:||1 Readercoin RC is worth $0.00166667-$0.0025. 400-600 RC = $1. To reach the minimum payout amount listed below, you'll need to have around 800-1200 RC.|
Point conversion varies by payout option. Higher value payouts typically offer better conversions.
Minimum payout varies by payout option.
|Payout Options:||Charity Donations Gift Cards PayPal Amazon Gift Card|
|Sign Up Bonus:||150 Readercoins when you use a referral link. Sign up here.|
Getting Started 🔢
Becoming a Readercoin member is free. Just download the app and create an account. When signing up, you'll be asked to provide your name and email address.
Sign up bonus: 150 Readercoins when you use a referral link.
Earning Money 💵
For readers: As a reader, you'll earn 1 Readercoin for every 10 minutes you spend reading/listening to a book.
You can earn even more Readercoin by having a streak. To earn and maintain a streak, you must earn at least 1 Readercoin each day.
Once you hit a 3-day streak you'll earn 2 Readercoin per 10 minutes instead of 1 (until you lose your streak).
To earn more, you can listen to bonus books. These are special books on Readercoin that are being promoted by authors. By listening to or reading a bonus book, you'll earn even more Readercoin for your time.
- Without a streak, you'll earn 2 RC per 10 minutes of a bonus book.
- With a streak, you'll earn 3 RC per 10 minutes of a bonus book.
For authors: Anyone with a Readercoin account can upload their book to Readercoin. Once uploaded, you'll earn 1 Readercoin for each 10 minutes someone spends reading or listening to your book.
You'll also get some powerful statistics about your book(s). You'll be able to see:
- How many people are reading/listening
- How long they spend reading/listening
- What chapter they get to
- When they stop reading; etc.
You can use this data to figure out how to improve your book.
If you want to promote your book further on Readercoin, you can make it a Bonus Book. This will allow readers to earn more RC for checking out your book, but keep in mind, you won't earn anything from your book while it's a bonus book. You can change it back to a normal book whenever you want.
Referrals: You can also earn a bit of extra RC by referring new members to the platform. You'll earn 150 RC per referral, up to four (4) referrals max.
Cashing Out 💰
Once you have at least $2 (~800-1,200 RC) in your balance, you can cash out your Readercoin earnings via Charity Donations, Gift Cards or PayPal.
After cashing out, you can expect to receive your Readercoin payout instantly.
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