Let’s be honest: earning points on an app to only be allowed to trade them in for products sounds a bit shady. But that’s exactly what Sweatcoin intends for you to do. So, you might be inclined to write it off as just another scam before even giving it a try.
Can you make real money with the Sweatcoin app?
Actually, yes, you really can make money with Sweatcoin! Even though you can only use that money to buy products or services offered through their various partners. If you were committed every day, you could earn about $91-$365 a year.
So, let’s break it down a little bit to get a better understanding of what the company is all about, their points system, and their pay structure.
What is Sweatcoin?
Sweatcoin is an app that tracks your steps and turns them into a digital currency appropriately called Sweatcoins.
Sweatcoin is not a cryptocurrency, because it has no exchange platform. It’s actually a digital currency, which simply means you don’t convert them to cash. Instead, you can use it to purchase products directly online through their various partners.
What’s in it for them?
The mission of Sweatcoin (as stated on their website) is to help people and the planet we live on become healthier. They aim to accomplish that by converting your outdoor steps into their own digital currency that you can then spend on a variety of products and services.
They actually make money through a few different avenues:
- By partnering with brands that want to connect with potential consumers
- By partnering with insurers who want to help people live healthier lifestyles
- By partnering with governments who want to reduce their overall healthcare costs
So, they make money through ads, partnerships, and grants, and they use some of that money to incentivize users.
How is it different from other walking apps?
One of the ways it is different from all the other walking apps out there is that it doesn’t connect to any external apps, pedometers, or fitness trackers. The way it tracks your steps is actually by using your GPS.
That method of step tracking is a double-edged sword. On one hand, it’s great because you don’t have to spend a lot of money on something like a FitBit to get started, and you don’t have to be familiar with other apps if you don’t want to.
But on the other hand, because it uses your GPS in the background, it only counts steps made outdoors.
So, if you regularly exercise by walking on your treadmill or by heading to your local mall and taking a few laps, those won’t count.
How to Make Money on Sweatcoin
The process of making money with the Sweatcoin app goes something like this:
- Download the app
- Get active and earn Sweatcoins
- Spend your rewards
1. Download the App
The first step is to download the app by going to the App Store or Google Play Store. And it’s available for both Android and iOS users.
Then you open the app, and you’ll be immediately be prompted to enter your name.
After that, you’ll have to allow the app to detect your total steps by accessing your phone’s motion and fitness activity. You’ll also have to allow it to use your phone’s GPS in the background to ensure that the steps you take are outdoor steps.
2. Get Active and Earn Sweatcoins
The next step is to start taking steps! It takes 1,000 steps to earn 1 Sweatcoin, and those steps have to be outdoors.
To put that into perspective, it takes the average person just over 2,000 steps to walk one mile. So, you’d have to walk half a mile to earn 1 Sweatcoin.
Sweatcoins automatically get deposited into your account on the app once you reach the step threshold.
3. Spend Your Rewards
After you’ve racked up enough Sweatcoins, you can start spending!
They have partnerships with over 300 brands, so you can have plenty of options to choose from.
You can buy goods like shoes, iPhones, and even Apple Watches.
And it’s not just products, either. You can buy services, too, like yoga classes for example.
You purchase things from the app’s marketplace. The offers change at least once per day, so you can always check back if you don’t see something you like.
You’ll get a receipt from the app, but you’ll have to actually finalize the purchase on the brand’s website.
And most things are paid for 100% in Sweatcoins, but other things are only offered at a discount. If that’s the case, you’ll have to cover the rest yourself.
And while you can’t get actual cash, they do sometimes offer gift cards to online marketplaces, like Amazon.
To give you an idea of how much something costs, there’s been an offer of an iPhone X for 20,000 Sweatcoins. But there are things that cost much less than that.
How Much Money Can You Make?
How much you can “make” is ultimately dependent upon how many Sweatcoins you can earn.
The app actually offers different tiers. Some of them are free, and some of them cost a certain number of Sweatcoins per month. Here’s a breakdown:
- Mover: The free tier that everyone starts on. You can earn up to 5 Sweatcoins per day (equivalent to walking about 2.5 miles).
- Shaker: Costs 5 Sweatcoins per month. But you can earn up to 10 Sweatcoins per day (equivalent to about 5 miles of walking).
- Quaker: Costs 20 Sweatcoins per month. Which allows you to earn up to 15 Sweatcoins per day (equivalent to 7.5 miles of walking).
- Breaker: Costs 30 Sweatcoins per month. With that you can earn up to 20 Sweatcoins per day (equivalent to 10 miles of walking).
As you can see, you will start noticing a more significant payoff if you’re an avid exerciser or you work in a job that requires lots of walking outdoors.
For example, if you’re a mailman that walks your route, you could easily walk 10 miles or more per day. Or if you’re a food delivery person for apps like DoorDash or PostMates that walks on foot, you could easily see yourself walking 5-10 miles without even realizing it.
Combining an app like Sweatcoin with a job like that would make it well worth it to go up in tiers.
However, the average sedentary person only walks about 1,000-3,000 steps per day. So, there would really be no reason to go up to the Quaker or Breaker tiers.
Enough of that, though: how much money can you actually earn with Sweatcoins?
Like we’ve said before, there’s no direct exchange rate, because it’s not a Cryptocurrency and you don’t transfer your coins to cash.
Sometimes, though, there offers that allow you to take out a fairly large amount of Sweatcoins in exchange for cash. If we were to use those offers, we could calculate that 1 Sweatcoin is equal to approximately $.05.
So, you could make up to $.25 a day (on the standard tier), which is about $7.50 a month, or about $91.50 per year. Which, realistically, isn’t anything to scoff at if you’re already walking around anyways.
Is Sweatcoin a Scam?
No, Sweatcoin is not a scam by any means. They do just as they promise they’ll do: give you Sweatcoins for every 1,000 steps you take outside.
However, just because it isn’t a scam, doesn’t mean you’ll make a ton of money at it. While you can save up over a long period of time and potentially get something really cool, it’s not a good source of money. It’s better used as a neat way to get motivated to become healthier.
Pros and Cons
Just like any potential way to make money, there’s bound to be some good and bad aspects to it. Let’s take a look at some of those, so you can be better informed when deciding if this is a good fit for you.
- You don’t have to have any other external apps or fitness trackers
- It’s free to start and join
- It’s extremely easy to use
- You can’t always get actual money
- Takes a long time to earn enough to get something substantial
- Only tracks outside steps
Overall, the Sweatcoin is a legitimate app to make money, although you honestly shouldn’t expect to pay your bills with it.
It’s a great option for those looking to get motivated to be fit and active, or for those looking to earn a small reward for being active already.
However, if you want to actually earn more money, you’d be better off trying something like affiliate marketing. Still, the app is free to try, and it doesn’t hurt to get healthy and add a few more steps to your day.