Sweatcoin is a pedometer app for mobile devices. But the Sweatcoin app does more than just count your steps; you can also earn digital currency that can be redeemed for goods and services simply by using the app.
Sweatcoin can be exchanged for a variety of goods and services in the fitness and health industries, such as personal training sessions and exercise equipment. The coins can be used for charitable contributions, user-to-user trades, and even as currency.
Getting yourself outside for a walk or a run can be a challenge. How often we exercise is affected by a wide variety of factors, including fatigue, a lack of motivation, the weather, and so on. Oftentimes, we are unable to exercise due to these factors.
But imagine there was a mobile app that compensated you for exercising. This is exactly what Sweatcoin claims to achieve, but can we believe them? Let’s talk about what Sweatcoin is and if it’s possible to make money with it.
What Is Sweatcoin?
Sweatcoin is a free mobile application that can be downloaded by users of the Android, Windows, and iOS operating systems. Just like any other pedometer app, this one keeps tabs on how far you walk each day.
Sweatcoin syncs with your default fitness tracker, be it Google Fit, Apple Health, or another service. The app is versatile enough to be used while walking or running outdoors or on a treadmill.
Unfortunately, the app’s constant monitoring of your steps can significantly shorten the life of your battery. Avoiding this issue by carrying a portable charger with you at all times is recommended.
Sweatcoin is not a get-rich-quick scheme, so keep that in mind before you download the app and get started. Although getting paid to walk or run is fantastic in principle, the actual compensation is rather meager.
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It’s possible to accumulate a small number of Sweatcoins with every step you take. One Sweatcoin can be earned for every 1,000 steps taken. Extremely active people have the potential to earn tens of Sweatcoins per day and hundreds of Sweatcoins per month. The app features an auction house and a market. Sweatcoins can be donated to a predetermined group of organizations, which we’ll get into later. Sweatcoins can be converted into Bitcoin, as a final option.
Purpose Of The App
Sweatcoin was created to encourage people to get more physically active by rewarding them with cryptocurrency for every minute they spend sweating. As many people struggle to motivate themselves to exercise, the app’s creators set out to solve the problem by appealing to people’s desire for immediate gratification rather than delayed, long-term benefits.
The app can be downloaded right now in the US and the UK.
Do Sweatcoins Have Any Value?
In conclusion, the Sweatcoin app is legitimate and the tokens you earn are worth something. However, the value of a single Sweatcoin is a fraction of that of a single dollar. One Sweatcoin is currently worth about $0.05, though that value could change in the future. The app’s marketplace will help us figure out just what you can buy with your Sweatcoin.
Sweatcoin can be used to purchase a variety of goods and services, the specifics of which will vary depending on your location. Subscription boxes are available for a wide variety of products, including cosmetics, headphones, and snacks. Fitness center memberships and online courses are two examples of services where you can save money.
Sweatcoin also lets you buy anything you want from Amazon and PayPal at a discount with vouchers they offer. If you spend over a certain threshold on a given site, you may qualify for a substantial discount.
When used in the app’s auction, Sweatcoin can be exchanged for high-value goods like hundreds of dollars worth of gift cards, smart watches, and video game consoles. You place a bid with your Sweatcoin until either you win the auction item or you reach the minimum bid required to receive your Sweatcoin back. However, remember that the bids on these major prizes tend to be quite high. Make sure you have plenty of Sweatcoins on hand before you go in.
Members can earn a maximum number of sweatcoins per day based on their membership tier. Earning potential is severely limited at the “Movers” level, the lowest possible tier. Although you may walk more than 5,000 steps in a day, you will only earn 5 sweatcoins for that day.
The “Shaker” membership, which allows users to earn more coins per day, costs 75 sweatcoins per month. Shakers can earn up to 10 sweatcoins per day. Furthermore, a “Quaker” subscription is available in the app, which grants you daily access to 15 sweatcoins.
Last but not least, the “Breaker” membership tier grants daily sweatcoin earnings of 20.
Put The Hard-Earned Money To Use
You can use the sweatcoins you’ve earned to buy goods and services related to health and fitness from the app’s marketplace. Products range from yoga classes and personal trainer sessions to fitness apparel and high-tech devices like Apple Watches. Brands that sell their wares in Sweatcoin’s market do so because they want to reach the app’s user base of fitness enthusiasts.
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You can also use the Sweatcoin app to donate your sweatcoins to charity or request sweatcoins from other users.
Despite Its Legitimacy, Sweatcoin Isn’t For Everyone
To sum up, Sweatcoin is not a hoax and it is possible to earn free or discounted merchandise by having your steps monitored. Unfortunately, if you’re hoping to make some real money, the app still has some restrictions on what you can buy and where you can spend it.
Sweatcoin is a great option if you’re a runner or walker who wants to motivate yourself to exercise. Be aware of its limitations so you don’t end up disappointed.
One Sweatcoin can be earned for every 1,000 steps you take, as we discussed earlier. At the current exchange rate of 8,000 Sweatcoin for a $20 Amazon voucher, you’d have to put in some serious mileage before you could consider making a purchase. However, there are a number of items that are significantly more cost-effective.
No matter what, a thousand or two will not get you very far. Typically, deals start at around five Sweatcoin, but these are almost always for discounts and not actual goods. If you want more choices in the app’s store, you’d better start walking.
You can donate as much Sweatcoin as you’d like to the site’s overall goal in the donations section. After all, everyone benefits when we work out to aid the less fortunate.
The Sweatcoin marketplace and donation features may not be of interest to you, but what if you just want to convert your tokens into fiat currency? Sweatcoin does not have a withdrawal option at this time. The app does not allow you to add money to your bank account, but you can use Amazon and PayPal gift cards to make purchases.
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