Sweatcoin Pays You To Walk, Is It Legit?
Earn Money
Last updated Feb 17, 2023 | by Kirk Anthony | 10 Min read
At first glance, Sweatcoin sounds like a scam. I have to admit I was among the skeptics when I first heard there was an app that would pay me for walking. Who pays you to walk? How is such an app sustainable? Well, it turns out I was wrong
Is Sweatcoin Legit?
A quick check on Play Store and App Store will show you that Sweatcoin is a highly-rated app downloaded and used by many. While some won’t love an app for whatever reason, the majority of the people that have reviewed the app don’t label it as a scam.
I can also confirm that Sweatcoin is legit. You actually get paid for walking. However, you won’t become a millionaire on the app. Users should download and use the app while having reasonable expectations. You’ll make some money. However, it won’t be hundreds of dollars daily simply by walking.
So, What is Sweatcoin?
In the simplest terms possible, I’d define Sweatcoin as an app that rewards you with Sweatcoins (new-generation currency) based on your daily steps. You can use your earnings on some great products or donate them or charity. The app has over 120 million registered users currently.
The Sweatcoin app allows you to make money while looking after your health. You’ll also help society if you donate and save some money if you buy items with your coins. Staying active also offers healthcare cost benefits.
How Much Will I Make with Sweatcoin?
It depends. The amount of money anyone can make on Sweatcoin depends mainly on your activity levels. Since I don’t know how active you are on a daily basis, I can’t answer this question with certainty. However, a marathon runner who trains daily will obviously be more active than someone who walks a few steps daily.
You’d have to get the app to know exactly how much you can make based on your activity levels. You can also use my analysis below to try and figure out how much money you can make with Sweatcoin.
How Much Have I Made with Sweatcoin?
One of my 2023 resolutions was to be more active. Downloading Sweatcoin made a lot of sense since it provided some much-needed motivation to pursue my goal. I average approximately 8,000 steps daily. I began my fitness and health journey immediately after the new year. As of the end of January, I was able to make about 200 Sweatcoins doing close to 8,000 steps daily. In case you are wondering, my 200 Sweatcoins translate to approximately $10 or $2.6, depending on the method you use to cash out
How Do I Convert My Sweatcoins into Cash?
There are several ways of converting Sweatcoins into cash. Whichever way you select, the amount you will receive will vary. It’s also worth noting that your Sweatcoins have to reach a certain threshold for you to be able to convert them.
For instance, if you accumulate up to 3,650 Sweatcoins, you can exchange them and get $50 cash via PayPal. If you do the quick math, this translates to approximately $0.014 per Sweatcoin. For 200 Sweatcoins, that translates to $2.8. Based on my current average of 200 Sweatcoins monthly, that translates to $34 per year.
If you wait before cashing out, you can get triple the amount. For instance, you can change 20,000 Sweatcoins for $1,000. This translates to $0.05 per Sweatcoin. If I convert my 200 Sweatcoins at a later date, this will translate to $10 per month or $120 per year. There’s obviously more value in waiting out. Your earning capacity will also increase if you do more and wait for a few years before cashing out.
Is Sweatcoin Worth the Trouble?
Yes! In my opinion, Sweatcoin is definitely worth it. I’m getting some additional money that I would do anyway without being paid. Staying active is a huge part of my lifestyle currently and in the future. It doesn’t cost me anything to have the Sweatcoin running and automatically tracking my activity and paying me for it.
Do You Really Get Paid for Walking?
Yes! I know it is hard to believe such an app exists, but it’s true. If I wanted, I could easily convert my points and get paid for something I would still have done. The app is definitely worth it, considering you can donate your points to charity. You also improve your fitness and overall health as you are motivated to do more and earn more.
While I love fitness, I also appreciate personal finance. I love making an extra dollar and jump at every opportunity to do so passively. Previously, my health and fitness goals felt like they were taking time from my financial goals. It takes time to hit the gym on weekdays. I would rather spend that time doing something that brings in some extra income.
Sweatcoin has been perfect for me since I don’t feel like I am sacrificing valuable time. While you won’t become rich, an extra hundred dollars a year, which is totally achievable, doesn’t sound like a bad idea when you do it walking around. Sweatcoin also gives me some much-needed inspiration to stay on course with my health and fitness goals. Let’s face it! Staying consistently active is a challenge to many. An app like Sweatcoin can easily get you motivated when you think of the reward.
Can You Use your Sweatcoins to Buy Goods?
Yes! According to the official website, there are 1,000s of branded goods/services you can choose to buy in the marketplace. These goods range from iPhones to Apple watches, yoga classes, and more.
How to Donate Sweatcoins?
There are numerous causes you can support using Sweatcoins. They include humanitarian, environmental, and animal preservation causes.
How Much Sweatcoins can I Make Daily?
It depends on your activity levels. The more you move around, the more you’ll earn. As mentioned, you can also earn more in the long term if you take time before converting your Sweatcoins into cash.
Conclusion: Should You Install Sweatcoin App?
Yes! If you’ll work out anyway without being paid, it makes sense to try Sweatcoin. You simply need to install the app and let it run automatically. When you walk, it’ll count your steps, and you’ll get paid when you are ready to redeem your points. If you are patient, you stand to get more for your Sweatcoins. The app is legitimate, and you can prove this by checking reviews online
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Kirk
Loves personal finances, and helping people achieve financial freedom
