How To Get Amazon Gift Card From Sweatcoin
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On the one hand, I thought it sounded too good to be true. I mean, come on, do you get paid to go out? My feelings of cheating were definitely tingling.
How To Get Amazon Gift Card From Sweatcoin
On the other hand, I thought that even if it was legal, it wouldn’t last long. How do you keep a profit if you’re paying people to do simple things like walking?
What Is Sweatcoin And Does It Give You Real Money?
It was at this point that I quickly jumped down the rabbit hole to find other apps that would pay me to walk, but that doesn’t matter.
That being said, I’ve seen the app go through a lot of changes over the years, and I’ve also seen and heard different reviews of Sweatcoin from others, with some hating the app and others loving it.
With all sorts of mixed feelings, I thought it was finally time to post my own Sweatcoin review and I’ll be as honest and transparent as possible here.
If you’ve been wondering how Sweatcoin works (and how they make money), what “sweatcoin” is, is it worth using the app, and more, today is the day my friend. I am here to answer all your questions.
Turn Your Sweat Into Cash With Sweatcoin [app Of The Week]
Sweatcoin is an app that rewards you for walking. In exchange for your steps, you earn Sweatcoins, which can be exchanged for food, money, and more.
If you like origin stories, Sweatcoin was founded in 2016 by Oleg Fomenko and Anton Dzerlyatka, two Russian fitness fanatics. They launched the app to motivate others to be more physically active, and their ultimate goal is to turn Sweatcoin into a full-fledged currency.
And since Sweatcoin has no purchasing power outside of the Sweatcoin app, I wouldn’t call it “real money”. When you earn spins, you earn more mini-currency.
The CAM team and founders of Sweatcoin want Sweatcoin to be tradable on exchanges at some point, so Sweatcoin cryptocurrency may be possible in the future.
Sweatcoin Review: Is It Legit Or A Scam?
If this ever happened, theoretically you could earn Sweatcoins and exchange them for other cryptocurrencies and cash at any time. At this point, Sweatcoin will be more like “real money” as it will have more applications in the real world.
Sweatcoin is constantly expanding, so if you don’t see your country listed above, sign up on their website to be notified when it launches in your country.
Many people hear “get money while walking” and immediately think “Sweetcoin is a scam!” I know what I did.
And honestly, it’s a perfectly justified reaction based on the old “if it sounds too good to be true” mindset.
Free $5 Amazon Gift Card For Referring 10 Friends To Sweatcoin App
Does this mean you can quit your day job and make a fortune playing?
You can earn extra money, but don’t expect to get rich on Sweatcoin. The whole point of the app is simply to motivate you to exercise by offering small rewards, and Sweatcoin does just that.
To further prove that Sweatcoin is legit and that they are indeed paying, here is a screenshot of the Sweatcoin payment proof from my PayPal:
I cashed out twice, earning a total of $200. For now, I’m holding the remaining coins and invites in the hope of better exchange rates and rewards.
Psa:sweatcoin Is A Total Scam
Keep in mind that the reason I was able to make $200 with Sweatcoin has a lot to do with referrals and the Sweatcoin Influencer Program, which I will go into more detail below.
I just wanted to show you this to prove that Sweatcoin will earn whatever rewards you cash out. This makes them legal in my opinion.
In addition to many people wondering if Sweatcoin is legal, many people want to know if Sweatcoin is safe to use.
This has been a much bigger concern in the past as Sweatcoin required persistent GPS data to function properly. Now that this is no longer the case (more on how Sweatcoin works below), Sweatcoin is safer than ever.
Sweatcoin App Review: How To Earn By Staying Active
Also, Sweatcoin has made it clear on their website that they will never sell your data.
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I only had to contact Sweatcoin support once due to a bug that caused all my invites to disappear. They called me back a day later and fixed the problem.
However, I have read reviews from others who have not had a great experience with Sweatcoins support so they are not perfect.
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Since the beginning of 2020, the way Sweatcoin works and counts steps has changed significantly. For a long time, Sweatcoin could ONLY track external steps and used the phone’s GPS as a way to confirm real steps.
This worked well for stopping cheaters, but resulted in battery drain and poor step conversion. For every 1000 steps, only about 650 were converted to Sweatcoin, which was annoying.
However, Sweatcoin now has a more advanced algorithm. They no longer need GPS data to confirm steps, AND they can count steps indoors. This reduced battery usage and increased the step conversion rate by up to 90% on average!
After that, just walk with your phone in your pocket (inside or outside) and you will start earning 0.95 Switcoin for every 1000 steps.
How To Make Money With Sweatcoin
So, Sweatcoin takes a commission of 5% for every Sweatcoin generated. They do this because they need funds to pay for referrals and other bonuses.
Fun fact: Scroll coins can ONLY be obtained through physical activity. The Sweatcoin company itself cannot even “print” or create Sweatcoin in any other way.
Once you earn some Sweatcoins, you can keep them for yourself, redeem them for an in-app reward (rewards change daily), or give/sell them to a friend.
Speaking of friends, Sweatcoin has a built-in mini social network where you can follow and send Sweatcoin to each other.
Earn Money By Walking With Sweatcoin
To top it off, if you have friends who aren’t using Sweatcoin yet, you can even invite them for a reward (more on that below).
How does Sweatcoin make money? They pay millions of users here to walk, how sustainable is that?
Sweatcoin also works with governments and insurance companies to make money, as increased physical activity can improve society and reduce health risks.
Yes, Sweatcoin has membership levels, but don’t worry! You don’t have to upgrade if you don’t want to.
Sweatcoin Is An App That Turns Daily Walks Into Cash
Note. If you are an old Sweatcoin user and have subscribed to the Quaker, Breaker or Trouble Maker levels above, you will still have access to them.
Well, mathematically speaking, the cost of upgrading to any of the levels above is worth it if you take enough steps per day.
As for the Premium subscription, which costs real money if you earn at least 250 Sweatcoins per month (that’s about 150,000 steps or ~5,000 per day, give or take) at a cost of $0.02 per SWC (learn more about their lower cost), technically you get your money’s worth.
All this talk of sweat and coins and we don’t even know the true value of what we earn in dollars!
Is Sweatcoin Legit? Here’s What You Should Know!
The value of Sweatcoin mostly depends on what people decide. There is no official exchange to determine the actual price.
That being said, there is a way to get a general idea of how much Sweatcoin is worth:
Previously, you could trade 20,000 SWC for $1,000 PayPal as a marathon offer. Based on this exchange 1 SWC = $0.05.
Unfortunately, the $1,000 offer is currently unavailable. Based on current offerings (e.g. $400 Dyson hair dryer for 20,000 SWC), it seems that 1 SWC = ~$0.02.
How Much Is A Sweatcoin Worth?
Again, the meaning of SWC is never set in stone. It fluctuates and changes based on available offerings and perceived value.
Now that you know how much Sweatcoin is worth, let’s calculate a bit how much Sweatcoin will actually pay you for your walk.
As mentioned above, Sweatcoin pays 0.95 SWC for every 1000 approved steps. In practice, this means that ~1053 approved steps = 1 Sweatcoin.
Now, taking into account the fact that on average only 90% of all steps are approved and converted to Sweatcoin, it would actually take you about 1170 steps to earn 1 Sweatcoin.
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Assuming you walk about 100 steps per minute (which is average for moderately vigorous walking), it will take you about 12 minutes to earn 1 SWC. Less if you run.
If the average American walks 3,000-4,000 steps every day (90-120 thousand per month), that’s about $1.50-$2.05 per month.
If your level is above average and you exceed the 10,000 steps per day free sweatcoins limit, you will earn about 8.5 sweatcoins per day (about $0.17) or 255 sweatcoins per month (about $5.10).
You can increase your hourly rate by using the 2x boost strategically or by purchasing a premium membership (more on that below).
How To Cash Out On Sweatcoin On Android: 5 Steps (with Pictures)
Increasing your earnings in Sweatcoin is quite simple. All you need are good habits and a bit of strategy and you will get the most value for your money in no time.
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