Sweatcoin Review – Is Walking A Legit Way To Make Money?
There’s been a lot of hype over Sweatcoin in recent years on social media. Maybe you heard that you could make money while you walk. You’re wondering, though, whether or not Sweatcoin is a viable side-hustle option. Keep reading this review to find out how Sweatcoin works, how they pay you, what the pros and cons are of using it, and if it’s worth it.
How Does Sweatcoin Work?
The way Sweatcoin works is that you sign-up through the app to have your steps tracked and earn “Sweatcoins”. Every 1,000 steps you walk, you get 0.95 Sweatcoins.
The different options for membership are as follows:
- Mover: This is the default membership and is free. You can earn up to 5 Sweatcoins a day.
- Shaker: This membership costs 4.75 Sweatcoins per month, and you can earn up to 10 Sweatcoins daily.
- Quaker: This membership requires 20 Sweatcoins per month, and you can earn up to 15 Sweatcoins daily.
- Breaker: This membership requires 30 Sweatcoins per month, and you can earn up to 20 Sweatcoins daily
- Trouble Maker: This membership requires you to pay $0.99, and you can earn up to 50 Sweatcoins.
You can also earn Sweatcoins through the “Daily Bonus” portion of the app. You get a chance to win between 0 and 25 Sweatcoins by watching three ads daily. Furthermore, you can get $6 for inviting 12 people to download the app and $20 for inviting 40 people. Inviting friends would allow you to make actual cash that you would have sent to your PayPal.
How Much Can You Earn Using Sweatcoin?
If you use the basic membership, you can earn up to 150 Sweatcoins a day. Realistically, the most you could make would be 570 Sweatcoins. You can earn 570 Sweatcoins from using the “Breaker” membership. You could technically earn up to 600, but you would subtract 30 as a monthly expense. You would need to walk over 30,000 steps a day to be able to receive this, though.
The “Trouble Maker” membership isn’t worth purchasing because, unless you are going to be walking 50,000 steps a day to earn those 50 Sweatcoins, why pay money for the membership?
Also, in terms of the value of an actual Sweatcoin, one Sweatcoin is equal to $0.05. If you walked a little over 5,000 steps a day with the standard “Mover” membership and made 150 Sweatcoins a month, that would equal $7.50 a month.
How Does Sweatcoin Make Money?
You’re probably wondering how Sweatcoin can pay you if you get to use the app for free. Well, it all comes from the way they make money. The way Sweatcoin makes money is by working with brands to post advertisements and promote their products/offers. The brands pay Sweatcoin to post ads. Additionally, even when you accumulate Sweatcoins, you can only spend them on app-specific offers. The brands promoting these specials pay Sweatcoin to post those offers.
Sweatcoin App Benefits
The application is easy to use, and you don’t have to do anything other than sign up. Sweatcoin will automatically track your steps for you, which makes this a very passive way to earn income.
Additionally, the step-tracking boasts good accuracy. It does sometimes tracks a higher amount of steps than the health application on your phone, but that just means more Sweatcoins for you. You want an accurate tracker when it comes to trying to accumulate Sweatcoins.
The greatest benefit of using Sweatcoin is that it is an excellent way to motivate people to walk more. Even if you aren’t going to make a ton of money using Sweatcoin, the fact that there is an incentive attached to walking can make people want to do so more often. Additionally, even now, during this time of stay-at-home orders, Sweatcoin is encouraging people to exercise for 20 minutes a day and rewarding people 5 Sweatcoins for doing so.
Although you can’t cash out directly, there are daily offers that may be worth it to you. Some of the “Marathon” and “Bucket List” offers currently include:
- Fight Camp Personal Boxing Gym
- Fly to Disney World for Five Days
- Dine at the Eiffel Tower
- See the Northern Lights from a Cosy Igloo
You can also get discounts on promoted subscriptions. Plus, you don’t necessarily need to walk more than you’re already walking if you don’t want to. It’s a passive way to get rewarded for something you may already be doing substantially in your daily life.
What Are The Problems With Using Sweatcoin?
The problem with using Sweatcoin is that it isn’t a viable side-hustle option, point-blank. Earlier I said that you can make $7.50 a month from Sweatcoin. Some of you were probably thinking that $7.50 is enough passive income for doing something you’re already doing. You walk to your car to go to work; you walk around the kitchen to prepare food; maybe you walk up and down the stairs in your house. Of course, it seems like easy money for simply walking around.
However, there is one big problem: you can’t cash out with real money.
You’d probably be better off putting money in a piggy bank.
The only time you get to cash out with real money is when you invite friends to download the app. There used to be an offer where you could get a $1,000 payment sent to your PayPal for 20,000 Sweatcoins. And maybe they’ll end up offering it again in the future, but as of now, that offer doesn’t exist anymore. You can only use the Sweatcoins to purchase offers placed on their app.
Unless you make 20,000 in Sweatcoins and there is an offer to cash out, you won’t make any actual money with it. Sure, you might get a trip to Paris, but do you know how long it would take you to do so?
Even if you were to walk more than 30,000 steps every day to make 570 Sweatcoins every month with the “Breaker” membership, that would mean it would take you 35 months to receive 20,000 Sweatcoins. That’s almost three years of walking over 30,000 steps!
Therefore, the chances that you are going to cash out on the “Marathon” or “Bucket List” offers are slim. You might be able to get some discounts on some subscriptions or maybe some samples of protein powders or vitamins here and there, but that’s about it.
All of this brings me to my next point.
Is Sweatcoin Worth it?
If you are looking for a way to make money on the side, then no, Sweatcoin is not worth it. If you are looking for a way to motivate yourself to workout, then yes. Just because you can’t make it an easy side-hustle doesn’t mean you shouldn’t download the app. There is no harm in trying to be healthier and getting rewarded for it.
However, you shouldn’t rely on it to pay your bills or, realistically, anything at all. You might get lucky, though, and find an offer that you like from time to time. And who knows, maybe after three or more years of using the app, you’ll finally be able to cash in on that trip to Paris.
Are There Other Apps That Will Pay You to Exercise?
There are quite a few other apps that pay you to exercise, the best one is called Achievement. This application pays you to participate in various physical activities. You can earn up to 80 points a day and can redeem your points through a gift card or cash via PayPal once you have earned 10,000 points ($10). If you accumulated 80 points every day, you could cash out in 125 days. That’s not even a full year.
Also, you could get creative with getting paid to walk by becoming a Rover dog-walker. That way, you get to hang out with dogs, get exercise from walking, and get paid! The best part is you get to set your rates!
If you’re looking for a side-hustle that is going to make you a lot of money, Sweatcoin isn’t it. It would take you years and years before you could cash out on anything worth the number of steps you would need to achieve it. However, if you only want to use an app that is easy to use, tracks your steps, and rewards you slightly for being active, then Sweatcoin is the application for you.
If you’re interested in finding more apps that could make a good side hustle, you may also enjoy our article on apps that pay you money.