What is Sweatcoin?
Sweatcoin is a digital currency (cryptocurrency) that you earn by walking or running.
You earn Sweatcoins through a free app on your phone.
Here’s how Sweatcoin works
- The Sweatcoin app tracks your steps throughout the day
- You earn 1 Sweatcoin per 1000 steps you make
- These coins can be used to buy tons of stuff like: running shoes, digital watches, electronics, healthy energy drinks, music downloads, and more.
Heck, the app creators even said they want you to be able to pay your taxes with Sweatcoins… crazy, right!?
But what about earning money? Keep reading!
Yes, you really get paid!
The more you walk, the more you get paid.
You get paid with Sweatcoins which you can use to buy stuff in the Sweatcoin Marketplace.
Since I downloaded the app back in 2016, they’ve added hundreds of new items to the marketplace. I’ve cashed out on Amazon cards, PayPal money, subscriptions, sunglasses, shoes, food boxes, and more.
Now, these things required a lot of Sweatcoins – at the time I was running 6 miles a day, so the Sweatcoins were stacking up fast.
(Did you know? We have a Sweatcoin FAQ page with TONS of info about this app!)
Sweatcoin? Blockchain? Is this like Bitcoin?
Sweatcoin is also a blockchain cryptocurrency.
It’s the first-ever cryptocurrency that you can earn by walking or running!
What that means is that you can buy and sell Sweatcoins on an exchange.
More details on what Sweatcoin is:
Sweatcoin (SWC) is an alternative form of currency gained by ‘mining’ Sweatcoin through physical activity.
You may have heard of Bitcoin (BTC). You earn BTC by using your graphics card to solve complex equations in hopes of finding the next block of coins, known as mining. Sweatcoin is similar, but different, in that you use your real-life steps to generate SWC.
It’s not random whether or not you find coins – it is guaranteed. Many of the BTC miners may spend months of processing and gain nothing due to the limited supply of Bitcoin. Sweatcoin users who are runners can go out there and earn 1 SWC in as little as 8 minutes, or even less!
Let’s back up and start with the basics
Sweatcoin is an app that you install on your iPhone (Coming soon to Android!) It runs in the background and tracks your physical activity – running or walking – and rewards you exactly 0.95 SWC for every 1,000 steps you take.
You can either spend the coin right away on low-cost offers that interest you, such as music downloads or magazine subscriptions, or you can save up the SWC to afford big-ticket items such as digital watches, video game consoles, running shoes, and more. At one point, SWC users were able to redeem a PS4+games for the cost of several hundred coins!
The offers are very short-lived, and they circulate often. This keeps the experience always fresh. For example, if the app featured the same 5 offers for many months at a time, users would grow very weary. Therefore, you have to be on your toes, checking in every day for new offers and strategically spending your hard-earned SWC on the ones with the most value.
(Read: Determining Offer Value)
Is the app really free?
Yes! The app is completely free.
Once you earn Sweatcoins, you can buy tons of stuff in the Sweatcoin Marketplace with your coins.
(You never have to provide a credit card or any personal information)
All that’s needed is a username and email address for verification.
How many coins can I earn?
With the free Mover membership level, you can earn up to 5 of the Sweatcoin cryptocurrency per day, minus a 5% conversion commission.
However, what’s amazing about Sweatcoin (SWC) is that it’s literally free to upgrade your membership level, and raise the amount of steps that you can track in a day… which means also raising the amount of Sweatcoins that you can earn per day.
Upgrading your membership only cost you a few Sweatcoins!
(You don’t even need to pay with real money)
On the very first day of using the app, I went out and ran 6 miles to earn 5 Sweatcoins (SWC). I used these fresh coins to purchase the Shaker membership level, which allows me to earn up to 10 Sweatcoins (SWC) per day. After upgrading, I went out and ran another 6 miles to reach my daily limit.
Does the app use up a lot of battery?
The Sweatcoin app has a battery saving mode that limits battery consumption at the expense of some GPS accuracy. Some users note that this saves about 20% of its battery usage.
However, I personally run the app without its battery saving mode and have not noticed a significant difference. If you compare this app with other famous apps like Youtube and Instagram, it uses a mere fraction of the battery.
More questions? Read the Sweatcoin FAQ!
You will find answers to all your questions about Sweatcoin.