Is GoodDollar Legit or a Scam? (Full Details + Rating)

GoodDollar is a platform that claims you can claim free crypto every day.

But is GoodDollar legit or a scam? That’s the question you need to ask before you sign up for it.

This GoodDollar review will not only address that concern but will also show you the full details of what the platform has to offer so you will know exactly what to expect from it before you even sign up. Then, you can properly gauge if earning from GoodDollar is a worthwhile endeavor or not.

So, let’s go ahead and see what this platform is all about, shall we?

What is GoodDollar, and what does it offer?

GoodDollar is a platform that will let you collect free crypto every day. And yes, it is legit since you can really earn free crypto from it. However, it doesn’t automatically mean you should sign up for this platform.

Now, to find out if it is worth it, you must know how well you can earn from it. The best way to do that is to take a look at the earning opportunities it offers so you will have a clear idea of how much time and effort is needed to earn from it.

So, here’s how to earn from GoodDollar.

Option 1 – Daily Claim

Once a day, you can log in to the member dashboard or mobile app (more on this later) and claim your free crypto. What you will be claiming is the GoodDollar token (G$) and the number of tokens you can claim will vary depending on how many tokens are available for that day.

The number of G$ tokens available per day will vary depending on how many are minted for that day.

The site doesn’t explain it quite clearly, but from what I understand, one of the determining factors for this is the number of supporters who deposit underlying assets onto the platform.

To claim your free crypto, just log in to the platform’s wallet either via the web-based platform or the mobile app and click the Claim button. Then, you’ll see something similar to the photo above. To get the free crypto, just click the “Claim Now” button.

However, before you can claim your free crypto, you must go through a verification process that will involve submitting a photo of yourself. After you are done verifying your identity, you will be able to claim free crypto every day.

It’s that simple and quite effortless, I might add. It’s not a quick way to earn crypto, but it only takes a few seconds to do.

Option 2 – Referral Program

Another way to earn from GoodDollar is through its referral program. If you’ve been a member of Get-Paid-To (GPT) and survey sites before, then this opportunity will be very familiar to you.

To earn from a referral program, you must invite people to join the platform. To do so, you must share your invite link with the person you want to invite. Then, when they click the link and sign up as a member, they will become your referral.

But for you to earn the referral reward, your referral must claim G$ tokens at least once. When that happens, you’ll receive 100 G$ tokens. It’s a simple way to earn, in my opinion, but you must make sure the people you invite are interested in claiming free crypto. Otherwise, you won’t benefit from this opportunity.

Recommended: Check Out the Best Sites to Earn Free Bitcoin

How do you get paid?

The platform has its own wallet you can use to store your G$ tokens. Then, it’s up to you if you want to keep your G$ tokens on the platform or withdraw them to a different crypto wallet so that you can trade them.

As of writing this review, the only crypto trading platforms that support trading this token are Uniswap and Ubeswap. GoodDollar’s own trading platform, called GoodDapp has temporarily suspended the swapping of G$ tokens (at the time of writing this review). So, the only thing you can do there is place your tokens for staking or donate them to charity.

The GoodDollar token already has a monetary value, so you can convert it to cash using the crypto exchange platforms mentioned above. Now, if you are new to crypto transactions, you’ll have to do some research to find out how you can trade these coins for cash.

This is why I would say the payment system of this platform is a bit more complicated compared to most GPT and survey sites today. Plus, the G$ token isn’t exactly a stablecoin, so its value isn’t quite established.

If you prefer to earn more popular cryptocurrencies, I suggest you check out the best sites to earn free Bitcoin instead.

How much money can you make?

When I was testing the platform, the value of 1 G$ token was around $0.00004392. So, you will literally have to claim thousands of these tokens just to earn $1. Unless the value of G$ skyrockets, you won’t be earning a lot from this platform.

But if you believe in the future of this altcoin, then claiming this crypto daily is the right thing to do, in my opinion. You just need to be patient because you’ll have to click that claim button hundreds of times just to earn $1.

This is why I would say the earning potential of GoodDollar is very low. Unless the monetary value of its token skyrockets, its earning potential will remain that way, in my opinion.

Can you use it on mobile?

This platform has a mobile app you can download so you can claim your free crypto daily, even when you are not in front of your computer. The app is only available to Android users, though. So, if you are an iOS user, you must stick to the web-based platform instead.

Fortunately, the web-based platform is also mobile-friendly, so you won’t have a hard time claiming free crypto using your iPhone or iPad. As for the app, it is also user-friendly, and all the features of the web-based platform are also available in it.

Who can join GoodDollar?

The site doesn’t tell you exactly which countries it is available in. But from what I can tell, it is available in all countries where there are no crypto restrictions.

To sign up, can use your Google or Facebook account. You can also sign up without using a password. You just have to provide your mobile number, and GoodDollar will send you a code via SMS that you will need to input to log in to the dashboard.

As soon as you complete the registration, you must go through the verification process, as explained earlier, so that you can start claiming your free crypto.

Can you get support?

If you have questions about the platform, you can check out the FAQ page on the platform’s website, as well as its Knowledge Base. These pages discuss the basic topics you need to know about GoodDollar.

But if you have questions or encounter issues while working on the platform, you must contact support instead. To do so, you must go to the GoodDollar wallet and click the Help & Support link under your account settings.

Then, you’ll be taken to its Telegram channel where you can chat with a representative directly to resolve your concerns. Overall, I would say the platform provides decent support to its members since it provides an easy way for you to get in touch with the support team.

I also like the fact that it has a Knowledge Base you can check out if you want to know more about the platform.

Final Verdict

GoodDollar is a legit platform that will let you claim free crypto every day. It has a couple of decent features, but it also has some drawbacks you must consider.

To help you with your decision, I have summarized its pros and cons so that you can get a clear overview of what it offers.

If your goal is to earn a significant amount quickly, then GoodDollar is not a good option mainly because of the low earning potential it offers. As of writing this review, the value of its token is very low. Unless it skyrockets, there’s really no reason to sign up for this platform.

I would only recommend you sign up for this if you believe in the future of this platform. But if you are looking for great ways to earn crypto, I suggest you check out the best site to earn free Bitcoin instead.

Now, if you are looking to earn 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 can earn a decent amount quickly.

If you have any comments, questions, or have experience with GoodDollar, I would love to hear from you in a comment below.