- CryptoTab browser is a legit form of business.
- It is the world’s first online browser that mines Bitcoins.
- Earning with the CryptoTab browser is possible via the BTC mining & referral program.
- Online community warns of the CryptoTab browser virus.
CryptoTab is an internet browser with a built-in mining function. “With CryptoTab you earn cryptocurrency just by visiting your favorite sites, watching videos, and chatting online”, claims the official website.
The idea sounds beautiful and exciting. But isn’t it too good to be true? Is CryptoTab legit or is CryptoTab a scam? DailyCoin takes the challenge and explores the promising browser. Follow this CryptoTab browser review to know more about its usage, pros & cons, and, finally, is CryptoTab worth all the efforts?
What is CryptoTab?
CryptoTab is the world’s first browser, created specifically for mining Bitcoins. It has a built-in mining algorithm, that allows users to earn Bitcoins when web-surfing, watching movies or doing any other activity online.
Besides that CryptoTab acts as a referral program. This means the browser offers to earn Bitcoins for promoting CryptoTab on social media and inviting friends to join it. Launched as an extension a few years ago, CryptoTab already has over 10 million users for the time of publishing.
So, let’s have a look at how it works, and how could you earn with the CryptoTab browser?
CryptoTab browser mining
Despite payments in Bitcoins, the CryptoTab browser does not mine Bitcoin directly. Indeed it’s software mines Monero (XMR) privacy coins and converts them later to Bitcoin at the current exchange rate. This means why Bitcoins are the only currency displayed in user balances. The website though plans to add additional digital currencies someday in the future.
Meanwhile, if you are familiar with Monero mining, you know that XMR is only mined by using a Proof of Work (PoW) algorithm called CryptoNight. This algorithm requires access to devices’ memory and to increase in latency dependence. This allows CryptoNight to resist powerful mining hardware like ASIC and offer equal possibilities for all the miners.
As it is known, each new Monero block is minted every 2.01 minutes and offers around 1.4 XMR coins as a reward at the time of writing.
According to CryptoTab, its mining algorithm uses only the unused computer resources and does not interfere with normal computer usage. This suggests that mining on a browser does not slow down the device.
How do you use CryptoTab?
Basically, there are two ways to earn Bitcoins with the CryptoTab. The first includes mining via the browser. The second involves affiliate marketing and offers rewards for referring new users.
Speaking of cryptocurrency mining, CryptoTab supports browser mining both for Windows and Mac OS. CryptoTab Browser is available as well for Android and iOS devices.
Let’s quickly run through the step-by-step instructions of how to mine Bitcoins via the CryptoTab browser.
How to mine with CryptoTab on Windows and Mac OS
- Download the CryptoTab browser installation file from the official website.
- Install it. Run the setup file, complete, and confirm the installation.
- Start the CryptoTab browser. You can make it a default browser and add a shortcut to your taskbar for more convenient usage.
- Set up the account. Open Settings in the drop-down menu on the right side. You may use your Google account or social media account to log in. This will help you to make sure no data will be lost if you reinstall the browser or log in by using other devices.
- Activate mining. Open the CryptoTab browser, click the CryptoTab icon in the right upper corner, turn the mining mode On, adjust your mining speed.
Since you have installed the browser, activated the mining mode, and adjusted the mining speed, you will be mining digital coins anytime when the CryptoTab browser is open.
How to mine with CryptoTab on Android and iOS
- Download the CryptoTab app from Google Play or App Store.
You may choose among the free Basic option and paid Pro option ($1.19 on Google Play, $1.99 on Apple Store). The Pro version is more advanced and includes multiplied speed mining, server-dependent mining that does not drain the battery, an unlimited number of connected remote devices, and other features.
- Install the CryptoTab app.
- Set up the account. Open the CryptoTab app to set up an account. You may use Google or social media to log in.
- Activate mining. Turn on the mining mode and adjust your mining speed.
CryptoTab referral program
In addition to cryptocurrency mining, the CryptoTab browser allows earning Bitcoins via its referral program. Referral programs offer a reward for sending new customers. This means users may benefit from promoting CryptoTab and inviting their friends to it.
The CryptoTab referral program works as an ordinary affiliate marketing scheme. It offers a 10-level earnings pyramid, which means the more affiliates you have, the higher commissions you get.
The principle of a referral program is simple. Imagine, you invite one friend to start mining with a CryptoTab browser. CryptoTab then gives you 15% of the Bitcoins that your friend has mined. If your friend persuades his friend to use CryptoTab, you get another 10% from your 2nd level affiliate. And when that friend invites his acquaintances, the process goes on and on and on to the level 10.
The main way to catch new users comes from actively promoting on social media. CryptoTab even provides the free branded material to make your post more compelling.
Moreover, it encourages buying traffic to boost earnings from mining. This is a highly risky activity, especially for the new ones. Have in mind that the return of investment might not be significant and only come in the form of Satoshi, which is the 100 millionth part of a Bitcoin.
Is it possible to earn with CryptoTab?
Following the quick online search, CryptoTab user experiences are different. Some of them claim they struggle to earn above $15 to $25 per month. Others share earnings of over $69 (time period not specified), most probably generated from the referrals, that included over 5211 other miners.
Despite the fact that the referral program plays an important role in generating a higher profit on CryptoTab, the mining speed is also important. CryptoTab allows users to choose the mining speed option. Although keep in mind, that mining at the maximum speed may affect the device by slowing down its performance and making it heat up.
In order to withdraw your earnings from CryptoTab accounts, you first need to have your own cryptocurrency wallet for Bitcoins. The minimum amount of withdrawal is 0.00041 BTC that can be reduced to 0.00001 BTC by installing additional plug-ins.
At the time of publishing CryptoTab provides payments manually twice a day and aims to switch into automated-mode someday. CryptoTab, however, shares the history of its users’ withdrawal transactions in the payments journal.
Is CryptoTab safe?
Is a crypto mining browser safe to use? Is CryptoTab legit? To be honest, there are various criteria to evaluate before making your own decision. And they both need your attention and consideration.
Form of business
First, CryptoTab is based on a business model that is legitimate. Officially referral programs are a legal form of business. However, there is a fine line between legal and illegal ones.
Referral programs that require financial commitment before you are involved, are considered illegal. And as far as CryptoTab doesn’t ask you to invest funds to start crypto mining, it is a legit form of business.
The team behind CryptoTab is anonymous and there is little information about them online.
DailyCoin has found out that CryptoTab is developed by CryptoCompany, a private limited company based in Estonia. The only board member of the CryptoCompany and also of CryptoTab is Vadim Tuulik, the mysterious man with a scarce online history and 5 Linkedin connections.
Listing on app stores
Respectively, the CryptoTab app is available to download from Google Play and Apple Store. Apps listed on both of these stores must go through thorough tests. They have to be verified to be free from viruses and malicious software.
As you may know, both Apple and Google Play banned the cryptocurrency mining apps on their platforms back in 2018. The move was mainly based on the explanation that cryptocurrency mining apps cause battery draining, generate excessive heat, affect device resources, and finally damage the devices. Both companies only allowed crypto mining apps that mined digital assets outside of the device (e.g. cloud-based mining).
Being available on both Google and Apple platforms suggests the CryptoTab browser is safe. However, it does not guarantee CryptoTab is profitable.
Warning of virus
On the other hand, there are warnings online of the CryptoTab browser virus. According to them, the virus may infect the computer and extract sensitive information from all the browsers on it.
The warning also claims that CryptoTab’s software may not be malicious by itself. However, lots of hacker-made versions of it are easily available on the internet (data of May 2020). They may be rebranded versions of it or direct fake copies.
The website that has announced the warning is an online blog and forum, that covers malware attacks, data breaches, and privacy-related stories. It also has no reputation for being a scam.
Pros & Cons
- Payment Journals
- Supports Android & iOS
- Supports Windows & Mac OS
- Low earnings
- May affect device performance
- Unknown founders
- Virus warning
So finally, is it worth using?
Well, it’s for you to decide. Answering the question of is CryptoTab legit, we can say yes, it is. The business model of CryptoTab is legit, but it does not mean it is profitable. The amount of earning with CryptoTab mainly depends on the number of affiliates you have in a referral program. The more you invite, the more you get back.
CryptoTab claims the browser runs on unused resources of your computer. However, users share opposite opinions and blame crypto-mining apps for affecting the performance of their devices. Besides that, you need to be extra cautious of not infecting your computer with infected options of the mining browser.
So in summary, what our recommendations will be? Try it if you think small earnings will be enough. But better stay cautious and first experiment not on your best devices.