Can I Earn PayPal/Cash For My Sweatcoin?
I get emails all the time from people asking me if they can turn their Sweatcoin into PayPal or cash. It seems to be the app creator’s long-term vision for its users to exchange money like they can with Bitcoin or other digital crypto-currencies. Continue reading to find out the answer to this question!
Sweatcoin is a fun and interactive way to earn free gifts for your physical activity, whether it’s walking, running, or cycling. Currently, their offer marketplace has dozens of offers that are constantly changing. These offers range from online memberships, gift cards, food gifts, electronics, clothing, app downloads, music downloads, and more! And, once in awhile a PayPal or Amazon Gift Card becomes available as an offer. However, these offers sell out fast.
If you want to make money in Sweatcoin, save your coins. There are massive offer releases very often. As I write this there is a $1000 / £1000 PayPal gift card on the marketplace for 20,000 coins. Earning this many coins is not difficult if you buy coins from other players.
Check out the Sweatcoin Reddit Page, as well as our Discord chat room to connect with other players! People are often willing to pay you in PayPal for your coins if none of the offers on the Marketplace interest you.
I recommend always keeping 5000 – 10,000 coins available for really good offers such as phones, store gift cards, PayPal cash, Amazon gift cards and more. Sell or spend the rest on smaller offers. It took me about 6 months to earn 5000 coins, but I was able to use those to purchase several free gifts, and I have redeemed several $100 PayPal gift cards so far! To increase your earnings, refer your friends and family for 5 SWC each referral.
Therefore it’s absolutely necessary to check the offer marketplace daily, even 3x daily, to ensure you’re never missing out on the most profitable offers!
Can I turn my Sweatcoins into PayPal funds or cash?
You can, but it’s not as straightforward as you might think. Earning money might appear in several different forms. For example, you might exchange Sweatcoin for an Amazon Gift Card, which may be just as significant to you as cash. Or you might use it to download a paid app for free, which saves you money.
However, exchanging Sweatcoin directly for on-demand PayPal funds is not currently a feature with this app. Sweatcoin lacks an official exchange or financial marketplace to facilitate the interactions of buyers and sellers. You’ll see other crypto-currencies such as Bitcoin have plenty of these types of exchanges, but Sweatcoin does not.
That’s because Sweatcoin is not a blockchain currency. It does not have a limited supply; up to 20 coins can be generated per user per day, and there will never be a cap to how many coins are generated. This results in a very linear growth of how many coins are available on the market. This also means that, because there is not a limited supply, and because there’s not likely to be an incredible demand for the currency, the price of Sweatcoin won’t go above a certain amount. Unlike Bitcoin which has a limited supply and an increasingly high demand, Sweatcoin will continue to be generated by all of its app users, and the amount of Sweatcoin in circulation will forever increase without stopping.
Can I Sell My Sweatcoin?
Yes, you can! However, you’ll have to make an effort to look for a buyer. The market currently favors investors looking to buy Sweatcoin; this means that investors have more clout to set their buying price, and a seller will either take or leave the offer. There is no set offer, and it constantly fluctuates, but as of Winter 2017, the average user might expect anywhere from $0.02 to $0.06 (USD) per coin. That might not seem a lot, but it’s an impressive amount given that Sweatcoin is generated by your natural physical activity. For example, if you walk or run 6 miles per day, that’s about 45-50 Sweatcoin per week. The amounts add up fast, and before you know it you could sell your Sweatcoin for $10.
Should I Save My Sweatcoin?
Absolutely. Unless you somehow run into a very impressive offer on the marketplace, it’s generally recommended to save your coins for an impressive offer or for when there comes a time that you can trade your Sweatcoin on an official exchange (which would cause the price-per-coin to skyrocket).
Summary: Keep walking, running, and cycling to generate more Sweatcoin. Use your Sweatcoin to redeem offers that interest you. Most of all, have fun with this fitness-based digital currency!
More questions? Read the Sweatcoin FAQ!
You will find answers to all your questions about Sweatcoin.