Transfer Your Sweatcoin to PayPal in Before you learn how to transfer your Sweatcoin to PayPal, let’s touch a little on Sweatcoin, the magic app that turns your sweat into coins. What can be better than staying healthy and sexy? Well, getting paid to do just that. If you’re into running before breakfast, commuting to and fro work daily, and hitting the gym several times a week, you might as well get paid for it.
Sweatcoin is a cool fitness app that tracks your activities and rewards you accordingly. While fitness apps usually motivate users with charts, challenges, and competitions, Sweatcoin offers a monetary inventive in the form of coins you can spend, donate, or convert
However, many users wish to learn how to convert Sweatcoint to PayPal. Relax and read on for a complete guide on how to cash your Sweatcoin to real money in your PayPal account that you can spend on anything your heart desires.
Is Sweatcoin legit?
Yes, Sweatcoin rewards you for your steps. They pay with their own sweatcoins, a type of quasi-cryptocurrency; you get 1 sweatcoin for every 1,000 steps you take. Once you set up your account, the app connects with your GPS and accelerometer and tracks your movements immediately using your smartphone or watch. The more steps you take, the more coins you make.
However, you can’t simply connect your Sweatcoin to PayPal or a bank account at the moment. The application does not support this option yet. Instead, you can use your coins to purchase a premium subscription to another lifestyle app, such as Graze or Fitbit. If you’re feeling generous, you can donate your coins to a non-profit organization that you believe in.
Can you cash your Sweatcoins to PayPal?
The short answer is no. Despite claims to the contrary, unlike BitCoin and other monetary cryptocurrencies, the app doesn’t include this functionality yet and probably never will. Sweatcoin is a simple reward program similar to how you win extra miles when you travel regularly on an airline. You can’t cash your miles, you just fly ‘em.
Furthermore, Sweatcoin does not include an internal exchange market where you can buy and sell your coins. It also recommends you use your coins in the app’s market. To be honest, there are numerous options on which you can spend your coins, such as meals, tech gadgets, online services, music downloads, among many others. But this is not cash, and you need a new method to convert your Sweatcoin to real money you can spend.
Luckily for you, we have two options you can go with. You can sell your sweatcoins to someone and have them transfer the money to your PayPal, or you can use your Sweatcoins to purchase a gift card.
Convert your Sweatcoins to PayPal by purchasing gift cards
Sweatcoin may not be traded in forex any time soon, but the coins hold real value. The easiest way to cash them is to redeem your Sweatcoin via a PayPal gift card offer. These offers are actually rare and they sell out almost immediately. Therefore, you must camp on the marketplace to snatch a good one. On the other hand, these gift cards are quite expensive, usually for a 20k sweatcoins, so you better get moving.
To claim a giftcard, just open the app, and go straight to its built-in marketplace. Once you click it, you will be greeted with many shopping offers. If you see the PayPal icon, go for it. PayPal offers are few and far in between.
You can also check for Amazon gift cards, and use those to shop on its giant marketplace. These are not frequent as well and you may be in for a long wait, which is why the second option is better when if you want to turn your Sweatcoin into cash.
Transfer your Sweatcoins to PayPal by selling them
This peer-to-peer approach is a simple yet astute solution to convert Sweatcoins to cash; all you have to do is find a willing buyer. To do that, advertise your coins on trading platforms where potential buyers are frequently available. You can post an ad on Reddit or Discord and wait for offers. Unfortunately, bidders are usually tight with their budgets, and your coins will sell for an average of $0.04 per coin and sometimes as low as $0.02 per coin. On the other hand, if you walk for 6 kilometres daily, you can make 40 to 50 Sweatcoins a week and they can be exchanged for $10. Not bad, considering how good you feel after your athletic achievements and the fact that you’ll be doing it with or without the money.
Always look out for fraud
Even if you’re in a hurry to transfer Sweatcoin into PayPal, avoid selling your coins to strangers if you have no way of holding them accountable. Browse Reddit or Discord, and you’ll see hundreds, if not thousands, of users who lost their coins to people who now refuse to pay up. Unfortunately, there is no way to undo such a transfer and probably no legal approach to compensate your money or penalize the dishonest party. It is best to be safe than sorry, so trade smart and never take risks.
TLDR: Too long; did’t read
Sweatcoin is a cool move-to-earn app that is slowly but surely gaining popularity among users as it pays you to break a sweat and adopt a healthier lifestyle. But coins are only as good as the things we can spend them on. You can convert your Sweatcoin to PayPal by selling them to another user who will transfer cash to your account or you can use them to buy a gift card that you can cash back to your PayPal. The P2P approach may be more effective if you’re willing to sell cheap.