Is it possible to withdraw from Sweatcoin to PayPal? In this guide, you will get to understand how Sweatcoin actually works and how to transfer Sweatcoin money to PayPal.
Before we move right into the basic requirements to be able to move your Sweatcoin money to your PayPal wallet, let’s quickly understand what Sweatcoin is all about
About Sweatcoin
Sweatcoin basically is a company that pays subscribers to get fit or by doing daily exercise. Through its mobile application, users are paid when they exercise, or more specifically when they walk. The longer you walk, the more Sweatcoin is accrued.
Imagine getting paid to exercise your own body. isn’t that a cool and fun thing to do? Obviously yes!!
The applications are designed to turn users’ steps into the digital currency Sweatcoin. This initiative was pioneered in 2016 by London-based Oleg Fomenko and Anton Derlyatka.
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How Sweatcoin Works
The working principle of Sweatcoin is very straightforward. Users sign up and then hook up their smartphone’s health and fitness data and GPS location to the app.
The app then tracks how many steps you take in a day and rewards you with a monetary “sweat” value according to your movements.
For every 1,000 steps recorded, the app will pay out .95 in “Sweatcoins.” Users can later trade these coins in for fitness gear, workout classes, gift cards and a number of other offerings.
Furthermore, Members are allowed to only earn these coins by walking outside so it theoretically doesn’t count if you are walking on a treadmill at the gym, though the app on my phone seems to count steps inside my apartment, as well. That’s at least something.
It is interesting to know that Sweatcoin brings the idea of earning for walking a reality and provides a better incentive for you to work out every day
How To Transfer Sweatcoin Money To PayPal
If you followed this guide and were able to read between the lines, by now you ought to understand how Sweatcoin works and the owners of the company.
Having mentioned that, let’s quickly look at how to transfer your Sweatcoin money fast to your PayPal account without limitations
Traditionally, Sweatcoin has no feature for conversion of Sweatcoin to cash. It was traditionally designed to make purchases online only.
If you wish to convert your Sweatcoin money to PayPal and then to cash, you can do so through the following
- Sell your coins for PayPal money
- exchanged for Amazon gift cards.
- Altcoin cryptocurrencies
Also, the Sweatcoin app has a marketplace where the Sweatcoin can be traded for fitness gear and mobile phones amongst several other commodities.
The most common way users can make use of their earnings is by converting or exchanging them with Amazon gift cards. The Sweatcoin was designed for online purchase, as such, transferring the earnings directly to cash is not possible.
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To be able to transfer Sweatcoin money to PayPal
1. Get a verified and working PayPal account
2. Due to Sweatcoin policies, you are expected to have a minimum of 20000 coins to redeem in PayPal.
3. Once you have gotten all these in place, open the Sweatcoin app, access the marketplace and tap the PayPal reward option. Specific offers and instructions on how to purchase would be on display.
4. Ensure to follow the instructions and link your PayPal account to your Sweatcoin wallet
Most times, PayPal reward isn’t listed because it isn’t on offer currently. Although it is generally believed that the Sweatcoin direct exchange option isn’t yet a feature with the app.
Still, you check the app daily to find such an option.
5. continue by following the steps in the “How to claim”. Access your email to continue.
Furthermore, in the way of incentive, besides redeeming your Sweatcoins to cash, it can be used to purchase a variety of items.
Once you’ve garnered enough Sweatcoins, through the app’s repository, TVs, Phones, and many other exciting items.
Products are priced according to their cost. In order words to purchase an item worth $50, one must have enough coin equivalent. 20,000 Sweatcoin translates to $1,000.
Goods and services are offered by partnering brands
- Read Alos; How To Convert Reliacard Money to Cash App
How To Sell Sweatcoin
As mentioned earlier, to be able to sell your Sweatcoin, you will have to sell it for PayPal money to exchange it for Amazon gift cards.
Sweatcoin can be sold on platforms like Reddit and Discord chat rooms. Sometimes, it is disappointing because you could get buyers who may price your Sweatcoin very low between $0.02 to 0.06 for a coin. Regardless, when you have large coins, you won’t feel the low offer that much
How Much is 1000 Sweacoin?
Each SweatCoin may not be worth that much currently, as it’s not even listed on the CoinMarketCap yet, but when you divide $1,000 by 20,000 SWCs, this will give you about $0.05 each – and that is the worth currently.
Should You Save Your Sweatcoins?
It is never a crime when you decide to save your Sweatcoin. It is possible that if you are able to save your coins over time, you can trade your SweatCoins on an official crypto exchange platform for other Altcoin cryptocurrencies, though it will still be a penny cryptocurrency by then.
Is Sweatcoin Legit?
Its no doubt that Sweatcoin has developed to be trusted and reliable. It is a legit platform that allows you to earn simply by walking or running. In terms of earning potential, it is really not the greatest app but you will be able to earn without having to do anything special.
Lastly, your Sweatcoin funds are always legit and you can either sell them for Amazon gift cards, convert them to PayPal or even save them for the future.
Read Also:
Steps To Get Back Money From Limited PayPal
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Conclusion: How To Transfer Sweatcoin Money To PayPal
Conclusively, by now you should be able to transfer your Sweatcoin money to PayPal having gone through the simplified steps given in this article.
For questions, recommendations and even suggestions, feel free to use the comment box
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