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Cash Gem Review: Too Good To Be True? Yes!

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CashGem, the Cashing Platform, is said to turn your social media accounts into money.  It’s one someone emailed to me, asking if I have ever heard of it because they were curious as to whether or not it was a legitimate operation.

Reading the website, you can earn $15 for every friend you refer as well as get $30 for signing up.  It sounds like quite the deal and is definitely one of the highest bonuses I have ever researched.  Most companies pay peanuts in sign-up bonuses, usually no more than a dollar, so to see more than $30 seems like a great opportunity.  However, we all know how that saying goes, if it sounds too good to be true… it probably is, right?

In today’s review, I went ahead and researched CashGem.

Can you really make $30 signing up?  Can you make money with your social media accounts?

We’re about to find out.

As in all of my reviews, I’m always 110% honest, only promoting what I feel is worth your time.

Let’s begin.

What Exactly is CashGem?

According to the official site, they are said to be the “#1 Cashing Platform,” and many of the bigger names on Instagram work with them.  The company started in 2015 in Amsterdam with the goal of making a network where advertisers could promote advertisers.  It was designed as a middleman of sorts, acting as an affiliate marketing company.

At first glance, the website looks professional, as does the about us page.  They list the company’s history, a few pictures of those who work with the company as well as some simple answers to questions you may have.  However, this doesn’t mean the company is legit.  Bear with me here.

When I did a reverse image search for one of the “workers” with the companies, for example, it directed me to an Adobe Stock page, in which you can download files for money.  If you don’t believe me, you can follow this link or see it here:

Why would you use a stock photo for the people that work at your company?

It’s easy.

It’s because your company doesn’t exist nor do these people within the organization.  This is a HUGE red flag, and it gets even better.

Also, digging into the company’s history as well as its business name, I found no evidence that aligned with what they said.  For example, the domain was registered in 2020 but they said it was founded in 2015?  Hmm…



Signing Up

To sign up and claim your $30 sign-up bonus, all they ask for is your email, a user name as well as a password.

It’s not much and the process takes about two minutes at most.  Once you do so, you can immediately access your dashboard, which will have the $30 bonus already attached to your earnings.

Again, a red flag.  It shouldn’t take you two minutes to earn $30.  If it were this easy, wouldn’t everyone be telling their friends?

Your Dashboard

So after you sign up, you can see your dashboard, which will look something like this on your desktop:

The dashboard is relatively simple to navigate, with ways to make money on the left-hand side.  However, earning cash seems to be a joke.  Again, many red flags, but I wasted my time so that I could save yours!  Hey, that’s how I work here.

For starters, the company focuses on the “refer and earn,” stating you can earn $2 for every person who clicks on your link and another $15 if they sign up.  That’s it!  I have never, in my life of reviewing anything, seen a referral rate this high.  Right away, this screamed scam.  The funny thing about this referral link is that I could copy and paste it to earn $2 every time I hit enter.  Basically, they want you to lure your friends into this scam as well so that they can steal your information.

The company also had the “$45 Cash Wall,” in which you could earn $45 for every offer you complete.  Again, I have never seen anything this high.

Looking at that example above, I could get $45 just for a chance at getting $750.  These offers exist on other legitimate sites and maybe pay you $1 to $2 at most for the same offer.  But for $45?  That’s laughable.  If you were to do this, you’re inputting so much personal information that they can sell off.  STEER CLEAR of this, and please don’t even associate yourself with this site.

I’m not going to go much into this as this is all I need to see.  All of the offers are way too good to be true.  I mean, who will pay you $50 to post a video on YouTube or a $50 post on Facebook?  Sadly, people are falling for it if you look at their YouTube page, but I’m hoping you won’t be one of them.

Why Do They Do This?

If a company is being unethical, then why are they even doing this?

I can see them doing this for a few reasons.  For one, they want to lure you in and capture your email address.  That way, they can sell it off to companies who may want it.  If they can gather thousands of emails before you figure out this scam, then it’s more money in their pocket.

Another reason is to gather some subscribers and likes on Facebook.

Lastly, the offers they send you to on the $45 cash wall will make them money, but you won’t see any of it.  A legitimate offer site, such as InstaGC, for example, will pocket a portion, but they will split the costs ethically with you.  CashGem will not.  They would rather be greedy and keep it all.

Final Thoughts

In the end, CashGem is garbage.  It’s unethical, it’s a scam and they won’t pay out.  Avoid it all costs!.  Don’t believe the payout proofs or anything they tell you otherwise.  They won’t pay you $50 to post something nor will they pay you $45 to fill out an easy survey.  If only it were that easy!  These are the companies that give the survey sites a bad name.

If you want to complete surveys or make a few dollars, not as much as they claim, it can be done; however, it will take you some time and it won’t be as easy as clicking a link, unfortunately.  For starters, check out some of my favorites such as Swagbucks or Superpay.me.

That’s going to do it for now.

As always, if you want to vent about CashGem or comment on what I have written, be sure to comment below.  I always love hearing from you.

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Tom Nathaniel

Hi! My name is Tom Nathaniel, and I created LushDollar to help share my honest thoughts on everything money. It's the Internet's most honest money site after all. I have worked in the finance industry since 2006, consulting with multiple Fortune 5000 companies.

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