Sweatcoin works by tracking and verifying your steps using these then get converted into cryptocurrency – sweatcoins. You can spend these sweatcoins in the app within the “spend’ section or sell the coins yourself.
The process for setting up Sweatcoin is very easy, just follow these steps:
1. Download the sweatcoin app from the google/apple app store.
2. Sign in or create an account.
3. Allow permissions.
That's it! the app will now start tracking your steps and you will earn rewards the more you walk.
- £1 - £5
So, so lets do some maths:
1000 steps = 0.95 Sweatcoin (SWC)
1 SWC is worth around £0.015
The average daily step count in the UK is 3500
This would mean the average person would earn £1.50 per month.
You can earn additional SWC on the app by referring friends or watching sponsored content.
The setup process was very straightforward and the app is very easy to navigate.
I've had no issues with the app draining battery since its been installed and its also quite helpful to have a step count in general.
After the app is installed, no work will be required to earn money.
That is, other than walking - but assuming you do some walking in your day-to-day life, it shouldnt take up any more time out of your day.
Payout options from the app are straightforward, you can choose Charity Donations, Gift Cards, PayPal, Physical products, digital offers and experiences.
Selling the currancy yourself will prove more difficult, its not listed on any exchanges that i've seen but there are people selling the coins privately online.
Payouts have always been quick for me from the app, mostly paying out immediately.
You do need to earn atleast 5 SWC before you can payout on the app.
Overall, I think its a good app - the software works really well and it gives me a little more motivation to get out the house on a walk.
You aren't going to make serious amounts of money using the app as we discovered, but seeing as its almost entirely passive income it seems like a good idea to have it running in the background going forward.
To sign up click here - Sweatcoin: Healthier planet. Healthier, wealthier you