Sweatcoin Scam: Is The App Legit? We Found Out

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Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

sweatcoin scam
Brian Roberts

Brian Roberts

Featured in The Washington Post. Published in Forbes, Time, Inc., CNBC and others.

Careful Cents Review
3.75/5
  • Earn $10 just for signing up
  • A lot of ways to earn, not just surveys
  • Get SB points doing easy tasks
  • Can redeem for free gift cards, PayPal cash
  • Points not cash
  • Can glitch up
  • Some points don’t register right away
  • Swagbucks search bar doesn’t pay well
  • Insufficient information on earning potential

Do you spend enough time outdoors?

I’m not talking about going to and from your car either.

I’m talking about real, quality time with Mother Nature.

If you don’t, you’re missing out on a laundry list of benefits.

Benefits include but aren’t limited to:

But here’s the problem.

As incredible as those benefits are, us humans are tactile creatures.

If we can’t touch or feel the result, it might as well not be real–which is unfortunate, because all of those benefits are real.

Insert the Sweatcoin app.

It’s an app that pays you to walk outdoors.

And because of it’s surge in popularity many have been asking: is Sweatcoin legit? Sweatcoin scam?

Thankfully, it’s not–and it’s actually worth your time.

What Is Sweatcoin?

Sweatcoin pays you for walking outdoors.

After you install it, the Sweatcoin app uses your smartphone’s accelerometers and GPS location to track your outdoor movement, then it converts those steps into its own currency: Sweatcoins.

You can redeem them for various goods, services or cash–20,000 Sweatcoins will net you $1000 via PayPal.

Sweatcoin was founded by Oleg Fomenko, Egor Khmelev and Anton Derlyatka.

The company was founded on a simple premise: once upon a time, it was in our best interest to move less. Now it’s not–sitting is killing us, in fact.

The Sweatcoin app is their attempt to incentivize us to get moving again.

“Nature even created a special mechanism to make us do what it wants — in behavioural economics it is called Present Bias. It’s the reason we’d rather procrastinate or have another mince pie and watch TV instead of going for a walk” according to the Sweatcoin app website.

In an attempt to counteract this instinct to be lazy, they’re tugging at another, equally compelling, instinct of ours: instant gratification. Maybe you’ll opt to skip that walk, run or exercise session for “your health” because it’s an ambiguous reason (although it shouldn’t be), but it’s hard to skip exercise when you’re going to get paid for it.

Their tagline “it pays to walk” is marketing gold. It’s a compelling sales pitch, that’s for sure. But does it hold up to any scrutiny? Is Sweatcoin legit? Let’s find the answer together in today’s Careful Cents Sweatcoin review.

Sweatcoin Scam! Is Sweatcoin Legit?

Once #1 app in the Apple app store in the health and fitness category–a feat in of itself–Sweatcoin has been covered in Business Insider, The New Yorker, TechCrunch, The New York Times, and many others.

Used by millions, the concept is brilliant.

The Sweatcoin app now sits at #7 with an average of 4.4 stars out of 14k+ reviews. Sweatcoin has “been an instant hit” according to Forbes.

The Telegraph wrote in their Sweatcoin review that, “if you’ve ever needed an incentive to exercise, a new app could give you a much-needed boost to get active.”

It’s hard to argue with stats like this. Sweatcoin scam? We think not.

However, it’s not to say Sweatcoin isn’t without some downsides..

Sweatcoin App Downsides

The Sweatcoin app doesn’t offer enough ways to redeem coins.

Some items cost far too many Sweatcoins while other products have limited availability.

This makes some prizes unrealistic unless you save or outright unattainable.

The app only counts steps taken outside.

I understand the need to encourage people to walk outdoors. There has been considerable reach on the benefits of walking outdoors, from lowering your blood pressure to decreasing stress.

You can only earn so many coins in a day.

This is one downside that wasn’t immediately obvious until I tried the app myself.

The first level is the “Mover” plan. It’s free, but you’re limited to 5 Sweatcoins per day (you’re capped at the amount you can earn per day). The “Shaker” plan costs 5 Sweatcoins per month, but allows you to earn up to 10 Sweatcoins per day. Next is the “Quaker” plan which costs 20 Sweatcoins per month but entitles you to 15 Sweatcoins per day.

Last, is the “Breaker” plan which costs 30 Sweatcoins per month but gets you up to 20 Sweatcoins per day.The cost is immaterial as you can often cancel it out the very first day you upgrade. This makes it a great deal. However, the downside is the limited gain as a free member. If you’re a free member, your limited to 5 Sweatcoins a day.

Another caveat: if you are walking more than the amount you are able to earn, you will not receive payment for the additional time you worked.

Those extra points earned will disappear and revert back to your 5 Sweatcoin limit. But there are many positives here as well.

Sweatcoin App Upsides

This app is a fun way to encourage walking outdoors.

At the end of the day, as I alluded to earlier, the benefits of being outdoors are immense. If you’re on the fence about walking your dog one day, you will almost certainly do it if you have this installed–you’ll be rewarded for it (plus your pooch will thank you, too). Here’s another fun part:

You can add friends or family and compete with them.

Once you’re logged into the Sweatcoin app, it will display the amount you’ve all earned and the amount of total steps taken.

The prizes–albeit limited–are fun: from bags and headphones to fitness and outdoor related subscription boxes that deliver straight to your doorstep.

How Do I Sign Up For Sweatcoin?

You can give Sweatcoin a try here.

Just visit their site here then select the app that’s appropriate for your device.

And one more note before we wrap up…

We do a lot of app reviews here at Careful Cents.

From cashback apps (see our latest Paribus review or Honey review) to our bank reviews (learn more about our favorite savings account via our CIT Bank review).

But this is probably the most novel app we’ve reviewed so far.

Which is why it’s gotten the attention it has (like being labeled a “sweatcoin scam” and all that.)

Our final verdict? Give it a shot. Worst case scenario, it’s the reason you go outdoors more.

And you can’t put a price on that.

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