Is Sweatcoin Legit or a Scam?

Can you really get paid for walking?

Sweatcoin works similarly to cryptocurrency since users of the app can use the digital coins to purchase a variety of goods and services. The good news is that it's a legitimate app that does allow you to accumulate credits for purchases, so if you walk or run much at all you can technically be paid for every step you take.

Since Sweatcoin is not on a blockchain, it is not a true digital currency.

What is Sweatcoin?

In simple terms, Sweatcoin is a mobile app that pays you for every step you take while the app is active. For every 1,000 steps you take that are registered through the app, you receive a single digital coin. Save up enough coins and you can trade them in for products like headphones, audiobooks, yoga lessons, and other products and services. The app is registered to SweatCo Ltd with offices in London, England.

How Sweatcoin Works

The algorithm used by Sweatcoin uses GPS signals to capture steps taken but can only be used outside. Steps inside a home don't count because the app invalidates things it doesn't consider true exercise, such as moving from room to room or the shakes and bumps your phone might register as you place it on a kitchen counter. Instead, it relies solely on GPS to check your phone's location against data points like other GPS locations, your speed, and your consistency of movement.

Sweatcoin app

The basic app is free to use and allows you to earn up to 5 Sweatcoins daily with a cap at 150 Sweatcoins/month. Upgraded versions that allow you to earn more Sweatcoins are available and require payment in Sweatcoins.

The app does provided a disclaimer that users generally receive about 65 percent credit for all outside steps taken.

Every 1,000 steps equal .95 Sweatcoins; the app charges a 5 percent commission on the purchases you make. You can make purchases via the company's brand partners, which also includes Paypal and Amazon vouchers. However, you cannot cash out Sweatcoins via Paypal or bank transfers. The rate of exchange for the coins is volatile, which makes it difficult to determine how much your sweat is actually worth from day to day.

The app also offers daily rewards, which give participating users a small amount of Sweatcoin if completed correctly. If you're looking to bank coins quickly, this app will not let you do that. Most estimates say it takes several months of exercise to accumulate enough coins to redeem a $50 gift card, for example.

Sweatcoin makes money off of the brand partnerships it offers in its marketplace. That's why it charges a commission when you purchase something with your coins.

What is the Sweatcoin Scam?

There is no scam involved. However, some people have posted on community forums about the app, assuming that it can't be real since users receive the equivalent of money just for walking or running. Others don't like the fact that it can take a long time to build up an account worth enough to make purchases; some feel that the app 'cheats' during the conversion process. Some offers, too, do require the input of credit card details during purchase, which some people see as sneaky or unacceptable.

However, the actual app does pay out according to the terms it offer users, so it is a legitimate app to use.

Offers in the marketplace can fluctuate in price according to supply and demand. Sweatcoin says this happens so that all users get a fair chance to buy before supply runs out.

How to Get The Sweatcoin App

The app is available for iPhones, Apple Watches, and Android phones. Once downloaded, you'll need to allow location access, enter a phone number, and verify your account.

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