A payout is the reward you receive for sharing your bandwidth with Honeygain. The minimum amount at which you can request and receive a payout is $20. There is no upper limit towards the sum requested, meaning that you can collect as much money as you wish (upwards from $20) before requesting a payout. Currently, there are two payout methods available - PayPal and Bitcoin (BTC).
After you reach out the minimal threshold of $20, a payout request button will become available on our application while logged in to your profile. If nothing happens when you press the aforementioned button or it does not appear at all, please make sure you had reached the threshold of the payout.
After you request the payout, you will be presented with a choice of how you would like to receive the payout - using PayPal or using Bitcoin.
If you had chosen PayPal as your payout method, you will receive a 2FA code to your email address which you will have to insert in the payout page, then, within 1 business day, you will receive an email from our payment provider Tipalti where you will need to register. It will take approximately 2-3 business days for the payout to appear on your PayPal account.
If you had chosen Bitcoin (BTC) as your payout method, you would need to insert the Bitcoin wallet number, and then a 2FA code will be sent to your email, which you will have to insert in the payout window. Afterward, the payout will reach your BTC wallet in around 2 business days.
Even though the payout process might seem simple, we figured we would give you a thorough explanation of how the payout proceeds so you can receive your earned payout with no worries involved. This is why we had prepared a blog post, explaining step-by-step what happens when you request the payout to PayPal. You can find the blog post here.
PayPal payouts are handled only in USD (the United States Dollar), whereas Bitcoin payouts are exchanged from USD to BTC and you will receive the exchanged sum in accordance with the exchange rate that was present during the time of payout confirmation.
In case your PayPal payout is declined, please check our article regarding it by following this link. You would receive an email notifying you if the payout had failed.
It is incredibly easy to request and receive a payout, it merely takes a few steps to achieve it:
For PayPal payouts:
- Make sure you have reached the threshold of the payout ($20 or 20 000 credits).
- Press the payout button and choose PayPal.
- As a security measure, you will be prompted to insert a special verification code that you will receive to your email address.
- After inserting the code you had received, you will receive the invitation email for PayPal payout, please follow the instructions carefully to register at Tipalti, our payout provider.
- Sit back, relax, and wait for those few business days to receive the payout! It will take 1-3 business days for PayPal payout to reach your account.
For Bitcoin payouts:
- Make sure you have reached the threshold of the payout ($20 or 20 000 credits).
- Press the payout button and choose Bitcoin.
- Then, you will be prompted to insert your Bitcoin wallet address. Please double-check the wallet you had provided as there is no way to change it after you confirm it.
- As a security measure, you will be prompted to insert a special verification code that you will receive to your email address.
- Sit back, relax, and wait for around two business days for the payout to reach your Bitcoin wallet.