Sweatcoin Review: Convert Your Steps into Financial Reward

Go to your favorite search engine and search the ways to earn money. It will give you many creative options that you have never imagined before. Did you know that there is a way to earn financial reward by walking? I believe all of you walk everyday. You need to go to school or commute to work. During the weekend, you also walk to meet friends or family. Sweatcoin is a smart app that tracks your steps and convert them into what’s called Sweatcoin. In this Sweatcoin review, we will learn the major feature and how the actual users felt about this app.

About Sweatcoin

Let’s learn more about the app. When I installed this app and opened it, the app asked for permission to access the iPhone’s Activity data. It was informed that it was to increase the accuracy of tracking my steps. Combined with the embedded activity tracking system, Sweatcoin measures your steps and turn them into their currency called Sweatcoin.

How to convert Sweatcoin to cash

Sweatcoin is the currency in the app. As you walk, you accumulate Sweatcoin not the real-life cash. The only way to convert the virtual currency into cash is by using one of their offers. There is one option where you can change 20,000 Sweatcoins into $1,000USD. It sounds very lucrative when you hear the figure, $1,000. Buy, not too early.

How much sweat should you shed?

I installed Sweatcoin about a month ago, and the app says that I walked about 61,029 steps and I earned 57 Sweatcoins. If we use simple figures for calculation, I’ll say I earned 60 Sweatcoins by walking 60,000 steps. This can be interpreted that to earn 1 Sweatcoin, you have to walk 1,000 steps. To earn 20,000 Sweatcoins, you will have to walk 20,000 * 1,000 = 20,000,000 steps.

According to this source, on average, an adult American walks 3,000 to 4,000 steps per day. If we use a number in the middle, 3,500, to walk 20 million steps, 20,000,000 / 3,500 = 5,714 days. That is 15 years! (5,714 / 365). Even if we use the target from the source, 10,000, that is 2,000 days (20,000,000 / 10,000). 2,000 days is about 5 years.

Do we really want to use it as an income source?

Now you can have some idea how long it will take to earn $1,000. The minimum unit you can withdraw is $1,000 so you must hit that level to receive cash reward. This means any steps before 60,000 will mean nothing if your aim is cash. To answer the question, no don’t use it as an income source. Instead, this app can be a fun way to track your steps and maintain healthy habit.

What can you buy with Sweatcoin?

Sweatcoin offers other ways to retrieve your reward. You can convert your Sweatcoins into a gift. Have a look at the image on the right. You can see with 20,000 Sweatcoins, you can get one of the following:

  • Bang & Olufsen Beoplay H9 3rd gen
  • 75″ 4K Samsung Smart TV
  • $1,000 KLM Airways Holidays

All of the gifts look tempting, but note that all of them require 20,000 Sweatcoins. As I scroll down, there were more:

  • Fly to Disney World for 5 days ( 25,549 SC)
  • Take Yourself to the Next Level (Take any course and claim Sweatcoin for the cost, 25,999 SC)
  • Dine at the Eiffel Tower ( 25,999 SC)
  • See the Northern Lights from a Cosy Igloo ( 25,999 SC)

There are also interesting offers but all of them require more Sweatcoins than the previous ones.

If you want to hard-earned Sweatcoins for a good cause, there is a crowdfunding option that will take any Sweatcoin amount. But, if you are really up for a gift, don’t be distracted by easy options like Crowdfunding, discount coupons, and etc. They will make you take even longer to materialize your steps.

Is Sweatcoin safe to use? (privacy policies)

Besides earning money and spending your Sweatcoin, you may wonder if it’s safe to use the app? To track your steps, the Sweatcoin app may collect your geolocation data to improve precision. Other than your location data, what else do they collect? I had a look at their privacy page.

Types of collecting data

On the page, they mentioned they may collect the following data:

  • your name
  • mobile phone number
  • email address
  • password
  • IP address
  • unique device identifiers and other identification credentials
  • biographical details
  • photographs and/or payment information

Regarding the location data, Sweatcoin stated, “Please note that, with your consent, we will collect information about your location and physical movements in order for the Sweatcoin App to function properly and monitor and verify forms of eligible movement.” The data collected by Sweatcoin then might be sold to marketers according to the Business Insider article. But, the article pointed out that the firm would never share health data.

It might sound scary a bit, but it is not Sweatcoin alone that collects one’s location data (or other personal data) and monetize it.

How customers thought about Sweatcoin

When you consider buying a product or using a service, you will wonder what experiences other buyers had. Investigating the reviews of other users can lead to a better decision, and it is a wise thing to do as a consumer. If people are dissatisfied with it, they will complain about it and won’t recommend it. If they are happy, they will leave positive comments and share their great experiences. If we can compile and analyze those reviews, we can have an assurance about the product or the service.

That’s what I am going to do for you. I analyzed the combined (more than 600) Sweatcoin reviews that people left on TrustPilot. I summarized those data to generate easy-to-understand graphs and charts. Those visuals will allow you to understand the overall sentiments the customers had toward the app.

Positive Sweatcoin Word Cloud

In a word cloud, some words will appear bigger because those specific words were more frequently used among customers. So, the bigger the more frequent, thus, if those big words are positive, it proves that most of the customers had a positive experience. Have a look at the word cloud of Sweatcoin.

The word cloud above should have given you a good impression of their products. The most frequent word that actual customers used in their reviews was “great”. Other big words are also positive – “love”, “good”, “amazing”, “like”, “fun”, “best”, and many more. Just by looking at the word cloud, we can learn that most of the people were satisfied with the smart app.

Among the words above, “fun”, and “money” stood out to me since they describe the app closely. We know that “fun” is a positive word, then how about “money”? I’ll share some of the reviews with that word.

“Simple, and easy way to earn money.”

“You can earn money for free”

“Fun way to make money”

Positive reviews

There were positive reviews that talked about money. But, there were also negative reviews that complained about slow earning.

Customer Sentiments

The word cloud tells you what descriptive words people used for the product. There is another angle we can use to understand the Sweatcoin’s customer reviews. That is by categorizing the reviews into a type of 10 sentiments. While I used the review titles for the word cloud above, I used the review contents for the sentiment analysis. The result is the graph below.

I was able to run my sentiment analysis code to find out what specific sentiments people had over the app. As we could guess from the word cloud, more than half of the review contents were positive. Of course, people shared negative experiences. I haven’t seen any review that is all positive. Despite the negative reviews, overall, people left positive comments on the health app.

Sweatcoin Search Volume Trend

Another type of analysis I often use for a product review is using Google Trend. It is an extremely helpful service by Google that gives you a historical Google search trend. The idea is that if a product or a company can maintain or can increase its search volume over many years, it supports the quality of the product. If a product is bad, people won’t show their interest and eventually will never search for the product anymore. Then, how is the trend of Sweatcoin? How has people’s interest in general been changed?

The blue line represents the search volume of Sweatcoin on Google over the past 3 years. Starting in early 2018, there were three major jumps in the volume. But since the last one, it looks like it didn’t get as much as interest in the past. The trend for the future remains to be seen.

About Walking

The app is about making you walk whether it is for fun or financial reward. Everyone knows that walking is good. But, how good is it?

How good is walking for your health?

According to this top health article, walking is good for the following reasons.

  • keep a healthy weight
  • prevent or control various conditions such as heart disease, high blood pressure, and type 2 diabetes
  • strengthen your bones and muscles
  • improve your mood
  • improve your balance and coordination

How many steps per day are good for your health?

Another health article explains that the U.S. Centers for Disease Control and Prevention recommends adults do a 150-minute moderate activity a week. This translates into about 7,000 to 8,000 steps a day. The article also mentioned a 10,000 step-a-day goal. This was originally a slogan in the early 90s in the U.S. Since then, it has been “studied and found to have significant health benefits, especially for people who live a more sedentary life.”

Conclusion

We have learned the major features of Sweatcoin and how actual users thought about the app. This post also shared how to convert your Sweatcoin into cash or a gift. From my customer review analysis and my personal experience with the app, I learned that I don’t want to use the app as a reliable way to earn money. It will take significantly long time, so don’t expect easy money in a short period of time.

Instead, use this app as a fun way to track your steps and don’t stress about how much Sweatcoin you earn.