Cocoon MyData Rewards is a platform that claims you can profit from the data you share with it. It sounds like an appealing offer, so I understand if you are interested in it.
However, I suggest you read this Cocoon MyData Rewards review first, so you will know what to expect from it before you download it. Then you will be able to identify if this platform is really worth it or not.
So let’s go ahead and take a closer look at what this app has to offer, shall we?
Important Update: Cocoon MyData Rewards Closed!
It seems getcoon.com has stopped working. When you go to the website, you get an error. But not too long ago there was a message from the owner saying that they had to close down the platform.
As you can see in my original review below, it was really not worth it anyway, in my opinion.
So just to make it clear: you can no longer earn from Cococon MyData. If you want to earn some extra money passively, you can check out the best passive income apps here instead.
What is Cocoon MyData Rewards, and what does it offer?
Cocoon MyData Rewards is a platform that will allow you to earn from the data you share with it. It is indeed a legit platform since you will really get paid when you share your data with them. However, this doesn’t automatically mean it is worth it.
To figure out if you should go for this platform, you must first understand how it works. And the best way to do that is to examine the earning opportunity it offers so you will have a clear idea of how much time and effort is required to earn from it.
The video below explains exactly how Cocoon MyData Rewards works. You can also read the full details below the video.
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The earning opportunity – Sharing data
As mentioned above, the only way to earn from MyData Rewards is to share data. To do this, you have to install the software on your device. The software will work with Mac and Windows computers. It also has a mobile app that will work with Android devices.
The software is basically a web browser, and for you to earn, you have to use it when you browse the internet. As for the data you have to share, it says in their Terms and Policies that all they collect are data about your device location, installed applications, browsing history, device id, model, and carrier.
It also says that it doesn’t collect any data pertaining to personally identifiable information, financial and payment info, phonebook, contacts, SMS and call-related data, as well as microphone and camera data.
Technically speaking, it’s only interested in collecting data about your browsing habits.
The one thing you need to keep in mind is that MyData Rewards will sell the data they collect, so if you are not comfortable with that, then this is not for you. The platform doesn’t say exactly how much you will be paid for the data you share.
It only says that the amount you can earn will depend on the quantity and the quality of the data you generate, as well as the current market rates, which vary from season to season. While you will be able to earn passively from it, it does mean you’ll have to switch to the Cocoon MyData Rewards browser to start earning.
Personally, I prefer not doing this because I already like the browser I am currently using (which is Google Chrome), and switching to a new one will take some getting used to. But that’s really all you need to do to earn from Cocoon MyData Rewards.
It sounds very simple, but you can’t really expect to earn a lot from it, and later on, I will explain why.
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How do you get paid?
Cocoon MyData Rewards will pay you in cash. Every time you share your data, you will earn a certain amount. This will accumulate in your account balance, and once you earn at least $5, you will be able to withdraw your earnings via PayPal.
However, there is a 45-day waiting period before you can withdraw your earnings for the first time. After you’ve cleared this period, you can withdraw your earnings anytime, as long as you reach the threshold, of course.
You can also set it up so that the platform will pay you every three months. Overall, the payment system of Cocoon MyData Rewards is relatively straightforward. I like the fact that it offers a convenient payment method like PayPal. However, the waiting period for your first withdrawal is quite long.
If you prefer a site that will let you withdraw your earnings quickly, I recommend you check out the fastest paying sites instead.
How much money can you make?
The amount you can earn from Cocoon MyData Rewards will depend on how much data you share with it. But as explained earlier, the platform isn’t exactly transparent with the rate it pays you, so it’s quite hard to place an exact amount.
The site does say that some members earn hundreds of dollars per year, but as to how much that would be, they are still not very clear about it. In my experience, though, it’s not very realistic to expect that you will be among the highest-paid members.
That is why I would say the earning potential of this platform is not that good. It will take a long time before you will be able to earn a significant amount from it.
Can you use it on mobile?
As mentioned earlier, Cocoon MyData Rewards has a mobile app you can download, but it will only work with Android devices. If you are an iOS user, then this app is not for you. I suggest you check out the best money-making apps for iOS instead.
And as explained earlier, the app you will be downloading will actually be a browser. That means you have to stop using your current browser and switch to this instead, which is not ideal, in my opinion, especially if you are already used to the current browser you are using (which is most likely Google Chrome).
You can import your Chrome setting to this browser, though, which is a good feature, in my opinion. But personally, I still prefer using the browser I am currently using over this, especially because I do not really like the user experience of the Cocoon browser, to be honest.
Who can join Cocoon MyData Rewards?
The site does say that Cocoon MyData Rewards is available more or less worldwide, so you should be able to sign up as a member regardless of where you live.
Just be aware that how much you can earn and which devices you can earn from will vary from country to country.
To register, you just have to fill out the sign-up form.
As soon as you are finished signing up, you can start earning. And as explained earlier, you have to take note of the day you signed up because you have to wait 45 days before you can withdraw your earnings for the first time.
Can you get support?
If you have any questions about the platform or your account, you can check out the FAQ section on the website. It discusses some of the basic topics you need to know about Cocoon MyData Rewards.
If you can’t find the answers you are looking for, you just have to get in touch with the support team. To do so, you can use the contact form provided by the site, or you can email the support department directly at support@getcocoon.com.
Overall, I would Cocoon MyData Rewards does provide decent support to its members since it offers a convenient way for you to request assistance.
Final Verdict
Cocoon MyData Rewards is a legit platform where you can earn passively by sharing data through its software. It has a couple of decent features, but it also has a few drawbacks you need to be aware of.
Let me finish this review by summarizing its pros and cons to give you an overview of what it offers. Then you can decide if it is truly worth it or not.
Pros:
- Offers payment via PayPal
- Available worldwide
Cons:
- Low rewards
- Long wait time to withdraw your earnings for the first time
- Involves switching to a different browser to earn
In my opinion, Cocoon MyData Rewards is not an app worth investing your time in. There are simply better options out there if you want to earn passively. The main reason why I say this is that it will take quite a bit of time to earn a decent amount from it.
Plus, you’ll have to switch to using a different browser if you want to earn from this platform. If you want to earn a decent amount passively, I suggest you check out the best passive income apps instead.
But if you want to be more proactive in earning extra cash, I recommend you check out the top survey and GPT sites in your country instead. The sites and apps on this list all have good earning potential, so you will be able to earn a decent amount in no time.
If you have any comments, questions, or have experiences with Cocoon MyData Rewards yourself, I would love to hear from you in a comment below.
