There really isn’t any complexity associated with the Sweatcoin app when you want to transfer Sweatcoin to PayPal. Digital currency also known as digital money, electronic money, and electronic currency, are as the name suggest digital in usage.
Digital currencies are managed, stored and exchanged on digital platforms through the use of internet enabled phone devices or computer devices. All forms of transactions are conducted online.
Sweatcoin basically is a company that pays subscribers to get fit. Through its mobile application, users are paid when they exercise, or more specifically when they walk. The longer you walk, the more sweatcoin is accrued.
The applications are designed to turn users’ steps into the digital currency Sweatcoin. This initiative was pioneered in 2016 by London based Oleg Fomenko and Anton Derlyatka.
This is an American based Financial Technological Company. PayPal is basically used to conduct online money transactions. It functions in countries that support online transaction and it is basically used as a payment system.
How to Transfer Sweatcoin to PayPal
Sweatcoin is a mobile app. It can easily be downloaded in Android Playstore and Apple Store. The Sweatcoin mobile app tracks your steps and turns it into sweatcoins. 0.095 sweatcoins is earned for every 1000 steps.
There really isn’t any complexity associated with the Sweatcoin app, once you’ve downloaded and registered with the personal information form provided, you can immediately start earning.
It’s important to note that there are certain considerations in using the app. First, the app doesn’t work at home. It stops counting once you’re indoors.
Additionally, the Sweatcoin has no platform for conversion of sweatcoin to cash. It was traditionally designed to make purchases online.
Accordingly, the app has a market place where the sweatcoin can be traded for fitness gear, mobile phones amongst several other commodities.
In addition, the app’s repository offers information about how to make purchases and the number of coins needed for differing items.
Detailed Steps on How to Transfer SweatCoin to PayPal
There really isn’t a definite way of earning money with Sweatcoin, but the most common means is through Amazon gift cards. The Sweatcoin was designed for online purchase, as such, transferring the earnings directly to cash is not possible.
Here’s a well detailed guide on how to transfer Sweatcoin to PayPal.
Firstly, the obvious the first process in actualizing this kind of transaction is to open a PayPal account if you don’t have any.
Secondly, you require at least 20000 coins to redeem in PayPal.
Thirdly, open the Sweatcoin app. Access the marketplace and tap the PayPal reward option. Specific offers and instructions of how to purchase would be on display.
Sometimes, the PayPal reward isn’t listed because it isn’t on offer currently. Although it is generally believed that the Sweatcoin direct exchange option isn’t yet a feature with the app.
Still you check the app daily to find such option.
Fourthly, follow the instructions listed in the “How to claim”. Access you email to continue.
Furthermore, in the way of incentive, besides redeeming your Sweatcoins to cash, it can be used to purchase a variety of items.
Once you’ve garnered enough Sweatcoins, through the app’s repository, TVs, Phones, and many other exciting items.
Products are priced according to its cost. In order words to purchase an item worth $50, one must have enough coin equivalent. 20,000 Sweatcoin translates to $1,000.
Goods and services are offered by partnering brands. .
Final Thoughts on How to Transfer SweatCoin to PayPal
According to the research of the two founding members of the Sweatcoins, there is an innate human tendency to prioritize pleasure above long term gain.
In other words, Human beings prefer activities that bring pleasure. The Sweatcoin has pioneered a system that offers instant gratification which enables users’ opportunity for long term gain.
The perfect motivation, the Sweatcoin doesn’t just afford the opportunity to earn online, make amazing purchases online as well redeem earnings to cash, it as well motivates individuals with the perfect excuse to exercise.
FAQs About How to Transfer SweatCoin to PayPal
How do I transfer my Sweatcoin to PayPal?
You can earn by exchanging it for Amazon gift cards. The Amazon gift cards has a significant value when exchanged to cash. Nonetheless, the sweatcoin earnings cannot be directly transferred as cash.
How do I claim my Sweatcoin money?
Access the buy option in the Sweatcoin app. It lists all the Sweatcoin prices. Once accessed, your sweatcoin will be redeemed to cash.