Contrary to what many people and other sites would have you believe, it is impossible to link Sweatcoin and Paypal accounts today. For this reason, you cannot make a direct transfer between the two platforms. Currently, it is not possible either to link a bank account to collect your money.
The reason is that Sweatcoin acts as a rewards program. It is not an application where you accumulate real money, although it has a monetary value that many have been able to take advantage of.
However, a foolproof method allows Sweatcoin users to move all their money to a Paypal account, even if the process is a bit complex. If you follow it, you will most likely be able to withdraw your Sweatcoin money and enjoy it through Paypal.
How can you transfer your Sweatcoin money to Paypal?
You can receive US dollars or euros in your Paypal account by transferring it from Sweatcoin, but the process requires the fulfillment of certain steps.
It is not as simple a process as you think. But the least tedious way to convert your Sweatcoin balance to Paypal is to purchase a Paypal gift card.
However, you have to consider that the gift cards available on Paypal run out quickly. It is because the offer is increasing, due to the benefits that this type of product offers.
For the same reason, it is advisable to thoroughly check the market if you want a gift card. Some experts say that if you refer more people, the chances of getting Paypal offers will be much higher.
You can sell your Sweatcoin balance to other people
If the option of buying a gift card on Paypal does not work for you, try to sell your credit to another person with a Sweatcoin account. These transfers between these accounts are possible.
This procedure is known as “Peer-to-peer” (P2P) but also as “Over-the-Counter” (OTC). By sending the corresponding amount to the other person, he will do with his balance what he wants, including the conversion to Paypal via gift cards.
To find someone willing to buy your money in Sweatcoin, you must search on community platforms such as Discord or Reddit. But it is important to bear in mind that the market is quite scarce due to the difficulty in obtaining the corresponding amount in cash.
For the same reason, the price quotation can be excessively low. It will be up to you to continue the process or not to make the transfer.
Amazon Gift Cards
Although difficult, the procedure for purchasing a Paypal gift card is the most convenient if you want to exchange the money available in Sweatcoin. However, there is a third way to go ahead with the transfer if none of the above meets your needs: Amazon gift cards.
The gift cards we all know from Amazon have proven useful for Sweatcoin users to get real money in no time. The best thing is that if it is not in your plans to make purchases on Amazon, you can still get your hands on the cash.
The best way to do this is to sell the Amazon gift card you have recently acquired to a third party, thanks to the Move-to-Earn platform.
But what is Sweatcoin?
It is a company that tracks the physical activity of its users using an Apple Watch or Smartphones. Depending on the action performed, the platform offers rewards that users will be able to exchange for FitBit and Graze.
For many, it is a great opportunity to make money just by doing physical activity. However, some criticize that the platform consumes more energy than expected and that the incentives may be low.
This company can show steps, rather than distances traveled if you decide to walk a few kilometers. Some people have expressed skepticism; however, the effectiveness and safety with which this company operates have been widely demonstrated.
How to use it?
You must first understand that to use the money available in Sweatcoin; you must accumulate a certain amount of coins. If you don’t want to redeem the amount to Paypal or Amazon via gift cards, you can exchange it for any offer available in the app.
The offers include food, drinks, smart watches, memberships, fitness devices, clothes, shoes, digital services, software purchases, and music downloads.