Sweetcoin is one of the fitness apps that let you earn money while doing exercises like walking, biking etc. However, when you've accumulated enough coins, you will want to transfer Sweatcoin money to your bank account.
As of now, there is no direct way to transfer Sweatcoin money to your bank account? However, there is an indirect way to transfer Sweatcoin money to you bank account. To do that, you will need to redeem your Sweatcoin to PayPal rewards and then transfer it to your bank account.
At a first sight, the process can be tricky but it is very easy if you follow the steps outlined in this guide.
That said, in this article, I will show you how to transfer Sweatcoin money to your bank account.
Table of Contents
What is Sweatcoin?
Sweatcoin is a fitness app that tracks your steps and rewards you with 'Sweatcoins,' a form of quasi-cryptocurrency, for every 1,000 steps you take.
Sweatcoins cannot be transferred to a bank or PayPal account. Sweatcoins, on the other hand, can be used to purchase goods, services, and experiences from partnered businesses through an in-app marketplace.
This marketplace's offers change at least once a day. They ranged from subscriptions to other wellness applications, such as Calm (14.99 Sweatcoins), to high-tech things, such as an iPhone XS and a curved Samsung TV, when I used the app (both 20,000 Sweatcoins).
You can donate your Sweatcoins to charitable crowdfunding efforts if you're feeling more generous.
Sweatcoin, for the time being, only counts your outdoor steps. This implies that any indoor steps you take won't count, such as at the gym, at work, or if you have to descend 22 flights of stairs during a fire drill, like I did last week.
Nonetheless, the app did pick up some of my steps when I was at home, which was a welcome addition to my overall step count.
Can You Transfer Sweatcoin to Your Bank Account?
Sweatcoin cannot be transferred to a bank account at this moment. However, the company is working on a future solution that will allow users to do so.
In the meanwhile, the Sweatcoin money can be used in a variety of ways, including exchanging it for goods and services or donating it to charity.
However, you can still transfer Sweatcoin money to your bank account indirectly which will require you to use your PayPal as a bridge.
Also Read: How to Transfer Sweatcoin Money to PayPal.
How to Transfer Sweatcoin Money to Your Bank Account
As mentioned earlier, the only way to transfer Sweatcoin money to your bank account is by using PayPal as a bridge.
You will first have to redeem your Sweatcoin money to PayPal rewards by following the steps below:
- Go to Sweatcoin marketplace
- Click on PayPal reward.
- Follow the on-screen tutorial on how to purchase it.
- An email will be sent to your registered mail.
- Tap buy.
- Redeem your Sweatcoin and it will be sent to your PayPal.
If the PayPal rewards option isn't available, just come check later and you'll see it.
Once the funds are made available in your PayPal balance, you can then transfer them from PayPal to your bank account as follows:
- Login to your PayPal account.
- Click Transfer to your bank below your PayPal balance section.
- Choose where you're transferring the money from
- Select the bank to transfer the money.
- Enter the amount to transfer.
- Click on Continue.
- Review your request, and select Transfer.
Also Read: How to Transfer Sweatcoin Money to Cash App.
Frequently Asked Questions
Can I transfer sweatcoin money to my bank?
You cannot directly transfer Sweatcoin money to your bank account, but you can transfer the funds indirectly.
How do I cash out my sweatcoin money?
The best way to cash out your Sweatcoin money is by redeeming it to PayPal.
How do I convert Sweatcoin to USD?
You can convert Sweatcoin to USD through some exchanges like BeInCrypto. The conversion value for 1 SWEAT to USD is 0.011 USD.
Final Thoughts
You can Cash out your Sweatcoin by purchasing goods and services or donating it to charity. You cannot directly transfer Sweatcoin to bank. The only way to transfer Sweatcoin to your bank account is by using PayPal as a bridge.