Sweatcoin is a free app that pays you to walk. It’s not so much a cryptocurrency as it is a rewards system that rewards its app users with different offers in its app. It was founded in 2014 by a team in the U.K. and has tracked over 5 billion steps to date. The goal of the Sweatcoin team is to help you get healthier.
In fact, it’s the number one fitness app in the United States, and in the U.K.Sweatcoin is a new breed of step counter and activity tracker that converts your steps into a currency you can spend on gadgets, sports and fitness kit, services and experiences.
Sweatcoin is an achievement tracker for a new generation. Spend sweatcoins earned on goods, services and experiences with our partner brands in the marketplace. Or, if you're feeling generous, you can exchange them with your friends and family and even donate to amazing causes through Sweatcoin for good.
The fitter and healthier you become, the wealthier you get. Movement has value! You’ll earn sweatcoins whether you exercise at home or outside. Sweatcoin’s activity tracker will let you keep track of your progress: counting steps and monitoring your exercising activity.
Download Sweatcoin so you can redeem offers for free thanks to our marketplace, filled with exclusive discounts and products.
Whether you want to get in shape, lose weight or keep track of your fitness level, Sweatcoin is the perfect app to stay healthy.
You can use Sweatcoin on your smartphone (Android or iPhone) and in your smartwatch (currently on Apple Watch, stay tuned for Android Wear compatibility). You just need to take one step to begin!
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FEATURES OF Sweatcoin
Pedometer:
Sweatcoin will run in the background, wasting no battery, to count your steps as a distance tracker and pacer.
Marketplace:
Get exclusive offers for free, prizes and discounts that you will not find anywhere else.
Crowdfunding:
Donate to help causes that matter all by simply walking. Use your sweatcoins to help different charity projects. We will give these organizations fiat currency (dollars, pounds, euros) once you’ve donated your sweatcoins to the cause.
Security:
Sweatcoin uses its own algorithm to count your steps. That means that, unlike other apps, we don’t track your location and we don’t have to share any information with a third party. Your data is only yours (and will always be!).
What Can You Do with Sweatcoin Currency?
Once you’ve earned your Sweatcoins, you’ve got a lot of options. Well, technically, there are only two options, but there are a lot of options within those two options.
Sweatcoin shares what are called Daily Offers and Marathon Offers with their members. The company works with over 160 brands to get you offers for things you can buy with the Sweatcoins you’ve earned.
The company’s 300+ partners work together to bring you brands and offers you like and want to use.
Daily Offers
The Daily Offers on Sweatcoin consist of a variety of products. For example, you might find an offer for a restaurant voucher. Or you might find a deal on products such as jewelry, personal products or clothing.
You might find a voucher for an Amazon credit or a PayPal credit. With so many partners, Sweatcoin can offer you hundreds of Daily Offers so you can use your Sweatcoins.
As you save up your coins, keep an eye out for the offers and decide what you’ll work for. There are offers that cost just a few Sweatcoins and offers that cost hundreds of Sweatcoins, so you’ve got a lot to choose from.
Bonus: You can transfer Sweatcoins to and from your friends’ accounts. This means you and a friend can combine your Sweatcoins to earn the bigger Marathon Offers faster.
In order to redeem your Sweatcoins, click on the “Marketplace” icon along the bottom of the app. Once you see an offer you like, you can click on it for more information.
If you still like what you see and want to take advantage of the offer, click on the “Buy” button. The app will use the required number of Sweatcoins to complete your purchase. Then you’ll receive a receipt.
The receipt has instructions on how to finalize your purchase. FYI, finalization of your purchase is typically done directly on the partner website.
Note: Keep an eye on the offers you see on your screen to decide what you want to buy with your Sweatcoin, as the offers change regularly.
Note: Some of the offers you can get with your Sweatcoin might require out-of-pocket expenses. Read the fine print for details.
Can You Earn Cash for your Sweatcoins?
Sweatcoin doesn’t have the ability to payout via PayPal or bank transfer – yet. But it does partner with PayPal, meaning you could see offers for PayPal gift cards or other items such as vouchers.
Sweatcoin is considering adding a cash option at some point, but it’s not available as of this writing.
Using Sweatcoin is pretty easy. You start by downloading the Sweatcoin app on your phone. Sweatcoin is compatible with both Apple and Android.
Sweatcoin tracks your steps by using a GPS navigation – this means it only works when you walk outside. The company is working on making Sweatcoin trackable for inside walkers too, but for now, you use it solely for outside walking.
When you open the app at the beginning of your day, Sweatcoin will use GPS to track every single one of your outside steps. As long as the app is open on your phone, your outdoor steps will get tracked.
As you earn your Sweatcoins, you can use them to get prizes. You get paid to lose weight in a way.
Note that the app will work even if you don’t have data. Since it works via GPS, you can have it running in non-wifi zones. It won’t record your steps in real-time; however, the app will “catch up” once you enter a wifi zone.
And on that note, Sweatcoin doesn’t use much data either. You see, the app uses latitude/longitude numbers instead of visual maps to track your steps.
Therefore, it uses a lot less data than say, Pokemon Go. So you don’t have to worry about out using your earnings via data usage.
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