How To Cash Out Sweatcoin: Convert Sweat Crypto Into Cash
✍️ 24 October, 2022 - 9:13 👤 Editor: Jakub Motyka
- Turning Sweatcoin into cash is currently impossible using the official way, but the fitness token is redeemable for several rewards. And there is also an alternative to cash out Sweatcoin.
- Sweatcoin is a fitness token that pays users for outdoor activities like walking or running. Can you convert it into cash? Let's take a look.
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Sweatcoin (SWEAT) is a free app for Android and iOS devices that rewards users for their daily physical activities. To cash out Sweatcoin on Paypal Cash, users can advertise online and wait for bids from willing buyers. Other platforms that allow for the sale of the crypto to transfer Sweatcoin into real money are Reddit and Discord.
There are also other ways to cash out the fitness-based crypto - making purchases through an Amazon or PayPal gift card. Additionally, the app's marketplace has a lot of items for sale.
On average, the price of a single Sweatcoin can fetch between $0.02 and $0.06, with a conversion rate of 1 Sweatcoin for $0.01.
Cashing Out Sweatcoin: How The Pay Out Operates
Once signed in, Sweatcoin users can connect their smartphones with their health and fitness data and link their GPS location to the app. The app will then track the user's steps each day and reward them with SWEAT for every a thousand steps taken.
The fitness blockchain launched in 2016 on NEAR protocol, a layer-one proof of stake consensus blockchain. It currently boasts more than 100 million users globally. Sweatcoin's native token, SWEAT, is a non-crypto token used for the payment rewards. At the time of writing, the digital asset was exchanging for $0.01895, representing a 7% increase in the past day, and a market capitalization of $38 million.
How To Cash Out Sweatcoin: Can You Use Paypal?
To cash your Sweatcoin via PayPal Rewards, you must meet the required minimum balance, usually, at least 20,000 coins. At the moment, turning Sweatcoin into cash is not possible, there is no link between Sweatcoin and PayPal accounts.
Further, on the Sweatcoin platform, there is neither a function for converting Sweatcoin to PayPal Cash. The crypto was designed solely to exchange products online and never to be cashed out. But if you want to redeem Sweatcoin rewards on PayPal, visit PayPal Rewards.
You can also cash a payout through the Sweat coin app by first filling out a form provided with your personal details. Once complete, proceed to the verification processes and allow the app to track your daily steps.
In case you want to sell your SWEAT tokens to convert Sweatcoin into cash, you can use online forums like Reddit or platforms like Discord to find users willing to pay you with cash, using payment methods like PayPal, in order to acquire your Sweatcoins.
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