Welcome to my Sweatcoin review. Today we’re going to be looking at this popular app to see if you can make money with it, but more importantly we’ll be asking the question that many of you are asking, is Sweatcoin a scam?
Well, that’s the focus of todays’ post and we’ll be digging deep into this to uncover if Sweatcoin actually pays out or if it’s just a complete waste of your time and effort.
It’s hard to find a phone nowadays that doesn’t have an app of some sort that is supposed to pay out money, unfortunately a lot of the times you have to jump through so many hoops that it makes it so uneconomical to do that they’re just not worth the hassle.
And that’s the problem, not knowing what one’s out of the, what seems like, hundreds of apps are any good.
Which is why you’ve come to the right place, I’ll give you an unbiased opinion of it so you make a better decision whether to download it or not in the first place.
FOUNDERS: Oleg Fomenko & Anton Derlyatka
What Is Sweatcoin About
First and foremost it’s about getting people more active and keeping them motivated at the same time and what better motivation than being rewarded for just walking.
The founders believe that human nature being what it is the best way to get people moving was with instant gratification. So instead of watching hat next episode in the box set, you’d get off the couch and go for a walk instead.
Since it’s inception in 2015 it has converted steps into 3 billion Sweatcoins.
Although at the moment you can’t redeem your Sweatcoins for cash, you can exchange for PayPal vouchers as well as Amazon vouchers.
How Does It Work
Sweatcoin works by making use of your phones GPS location as well as it’s accelerometer. It uses that so you can’t just hop in a car and earn Sweatcoins.
Now, although you obviously can’t use it in a car, the founders do say it’s worth trying it when on a bicycle ride as in some cases it does prove effective.
So, basically every time you go for a walk outside and at the moment it has to be outside, they are working on developing it so that the indoor steps you take will also count, but for now it’s only outdoors, you get paid in Sweatcoins.
At the moment if you were to do a 1,000 steps that would earn you 0.95 Sweatcoins which you can then exchange for offers from the marketplace.
How Much Can You Earn
When you first install the app the most you can earn is 5 Sweatcoins per day which works out at 150 per month, but there are different levels if you want to increase the amount you can earn bearing in mind you can’t go past 20 Sweatcoins per day on any level.
So, let’s do some calculations. Let’s say you earn the base amount of 5 Sweatcoins per day. We know that 1,000 steps earns you 0.95 Sweatcoins, so you’d have to do around 5,300 steps.
Working with the most you can earn at 20 Sweatcoins a day you would need to do around 21,500 steps per day.
When you sign up you get 0.95 Sweatcoins put into your wallet for free.
The monetary value of 1 Sweatcoin differs from offer to offer and is dependent on when you redeem them, but 20,000 Sweatcoins can be equivalent to $1,000.
But before you get too carried away that would take you over two and a half years to reach! They do say you can do it in 24 months, but you need invites as well to go with that.
I’ll go over the invites soon, but I think it’s safe to say if you’re thinking of buying yourself something nice with that money, but are not sure what, then you’ve got plenty of time to decide!
Let’s quickly go over what the 4 different membership levels are and what they cost you. Don’t worry, we’re not talking about having to pay any money here, you ‘pay’ with your Sweatcoins.
- Mover – Free and allows you to earn up to 150 Sweatcoins per month
- Shaker – 4.75 Sweatcoins a month and allows you to earn up to 300 Sweatcoins per month
- Quaker – 20 Sweatcoins a month and allows you to earn up to 450 Sweatcoins per month
- Breaker – 30 Sweatcoins a month and allows you to earn up to 600 Sweatcoins per month
If you are doing a lot of walking then changing your membership level to the maximum as soon as you can makes sense to do so.
In the process of this review I’ve come across a number of videos all claiming that there is a Sweatcoin hack to enable you to get free Sweatcoins.
Almost all of them are using generators. Those are the things that require you to install another app and run it for a certain amount of time then you’ll get your Sweatcoins.
I actually reviewed another app that paid out in gift cards for actually trying out different apps, you can read about it here.
The problem is you never do get them, there is no hack and to be fair even if there was it just make a mockery of the whole idea of the app in the first place which is to get you moving!
As soon as you have enough Sweatcoins you can go over to the offers page and see what’s available for your amount of coins.
When you’ve reached enough you can choose from what they call Marathon offers. These are for 20,000 Sweatcoins and include Curved TV’s, iPhone XS, $1,000 cash or £1,000 off Thomas Cook Holidays.
Is Sweatcoin safe To Use
It’s absolutely safe to use, but there are a lot of people, myself included, who notice that because you need to keep the app running in order to register you steps the battery runs down a lot quicker than it normally would and I’ve been caught out on that and left without any phone which is not good.
Another way to earn from this app is to refer your friends. For every friend that signs up through your link, you get 5 Sweatcoins and as far as I’m aware there is no limit to the amount of friends you can have join.
All you do is share your unique link via social Media, email of anywhere else you can think of.
The main complaint from people seems to be the ability of the app to actually track steps, I haven’t come across that issue myself yet, but it’s still early days.
I really like this app, in fact I’m going to go out on a limb here and say it’s one of the better apps that are out there at the moment.
OK, there does seem to be a bit of controversy over the amount of steps being taken and being actually recorded, but you really don’t know how many of those complaints are trying to game the app by shaking it.
The fact that the more coins you accumulate the better the rewards are including cash is brilliant, it just gives you a bit more motivation.
I thought that the interface, unlike some, was incredibly easy to use, it’s very simple and looks clean, nothing cluttering it up.
One of the downsides to it is the fact you can only earn so many coins per day, I’m not really sure the reasoning behind that, but I would like to see that part of the app unrestricted which can only help with what the companies main aim is, surely.
Because once you’ve reached your daily limit why would you continue to use it?
They are going to need to develop the app so that it can track people who do a lot of indoor walking or workout on a treadmill.
Is Sweatcoins a scam? Absolutely …….. NOT! I would highly recommend you download onto your phone and start walking 🙂
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I hope this review of the Sweatcoin has helped you out in some way or you may have already used it and want to let everyone know how you got on with it.
Drop a comment below.