Find Jobs & Talent for the Web3 Revolution
Web3 Jobs

Solved: How to Transfer Your Sweatcoin to PayPal in 2022

Would you like to transfer your Sweatcoin to PayPal?

Perhaps you just realized that you’ve been collecting thousands and thousands of Sweatcoin over the past few years and now you would love to cash out your earnings?

Well, don’t worry, because you’re one of many people who are asking the exact same question and would really like to know how to convert Sweatcoin to PayPal.

In this guide, you’ll learn exactly how you can turn your Sweatcoin balance into real money in your PayPal account.

Let’s get right to it.

Key Points (tl;dr)
  • It is currently not possible to connect your Sweatcoin account to PayPal or a regular bank account and I wouldn’t count on that ever happening.
  • There are a number of ways you can still convert your Sweatcoin to PayPal balance in USD or EUR:
    • Solution 1: Purchase a limited PayPal gift card on the Sweatcoin marketplace.
    • Solution 2: Sell your Sweatcoin to someone else via community forums such as Reddit or Discord and ask them to send you money via PayPal.
  • There are also other ways you can cash out your Sweatcoin. For example, you could purchase an Amazon gift card that you can either use directly on Amazon or sell on to someone else for cash.

For a detailed overview of how to transfer Sweatcoin to PayPal, PLEASE READ THE FULL ARTICLE.

Like this content? Then share it!

Can I Connect Sweatcoin to PayPal?

It is not possible to connect Sweatcoin to PayPal or to a regular bank account. Sweatcoin can only be used within the Sweatcoin app itself.

Infographic explaining that you cannot connect Sweatcoin to PayPal.
Infographic explaining that you cannot connect Sweatcoin to PayPal.

Despite what other sites might claim, it’s currently not possible to connect Sweatcoin to PayPal.

In fact, I would even go as far as saying that you’ll probably never see a direct integration of the Sweatcoin app with PayPal.

There’s a very simple reason for this and it’s linked to the fact that in its current state, Sweatcoin is just another rewards program.

It’s actually very similar to how to collect miles from your favorite airline.

Even though your Sweatcoin obviously has some monetary value, they’re not an actual currency, and therefore converting Sweatcoin to PayPal balance directly is something you’ll probably never see.

However, that doesn’t mean that it’s impossible to turn your Sweatcoin to PayPal Dollars and Euros.

Check out the next section to find out how you can cash out your hard-earned Sweatcoin to real currency.

How to Convert Your Sweatcoin to PayPal

You can convert your Sweatcoin to PayPal balance by purchasing PayPal gift cards on the marketplace or by selling your Sweatcoin directly to another user in return for currency sent to you via PayPal.

Infographic explaining how to convert Sweatcoin to PayPal.
Infographic explaining how to convert Sweatcoin to PayPal.

Even though Sweatcoin isn’t a currency that is traded on an exchange yet, that doesn’t mean that it doesn’t have value.

Based on the history of things you can buy on the Sweatcoin marketplace, the value of 1 Sweatcoin is somewhere in the range of $0.01 and $0.09 in US-Dollars.

The question is, how do you actually convert your Sweatcoin into hard currency that will show up in your PayPal account?

Here are 2 ways how you can get your Sweatcoin to PayPal.

1. Purchase a PayPal Gift Card

Step-by-step guide on how to convert Sweatcoin to PayPal – PayPal Gift Cards
Step-by-step guide on how to convert Sweatcoin to PayPal – PayPal Gift Cards

Alright, so you’ve come because you want to know how to withdraw money from Sweatcoin to PayPal.

Unfortunately, it’s not that simple, but we do have a solution that you still might like.

The easiest way to convert your Sweatcoin to PayPal is to find an offer to redeem your Sweatcoin via a PayPal gift card.

Bear in mind, however, that the marketplace offers change very frequently and especially the PayPal gift cards tend to sell out quickly.

So make sure you check the marketplace regularly if you want to get a PayPal gift card.

Some people also claim that if you refer more people, you are more likely to see the PayPal offer on the marketplace.

That being said, even if you do see it, you’re going to need at least 20,000 Sweatcoins to actually buy one.

2. Sell Your Sweatcoin to Someone Else

Step-by-step guide on how to convert Sweatcoin to PayPal – P2P Sales
Step-by-step guide on how to convert Sweatcoin to PayPal – P2P Sales

Now, given that you were looking for a way how to cash out Sweatcoin to PayPal, the previous solution may not satisfy you.

Another popular way to transfer your Sweatcoin to PayPal is to simply sell it to someone else directly.

This is also referred to as an “Over-the-Counter” (OTC) or “Peer-to-Peer” (P2P) sale.

You transfer your Sweatcoin to the other person and they send you the agreed Dollar or Euro amount via PayPal.

Basically, you jump onto Sweatcoin’s community platforms on Reddit or Discord and find someone who is looking to buy Sweatcoin.

It’s a bit of a buyer’s market since there are very few other ways to convert your Sweatcoin to cash.

So expect to be quoted an extremely low price which you can either take or leave.

But it’s one of the easiest ways to convert your Sweatcoin to PayPal balance.

Other Ways to Cash Out Your Sweatcoin

There are many different ways how you can cash out Sweatcoin to real currency. They usually involve purchasing popular gift cards and either using them directly or selling them for real cash.

Infographic showing other ways to cash out your Sweatcoin.
Infographic showing other ways to cash out your Sweatcoin.

PayPal is usually the preferred option for most people, simply because it allows you to use the money for whatever you want to buy.

However, if you’re not particularly keen on purchasing stuff directly on the Sweatcoin marketplace, there are other options as well.

Another popular gift card on Sweatcoin is the Amazon gift card.

Amazon gift cards allow you to convert your Sweatcoin into hard currency that you can use on a site that pretty much everyone uses from time to time.

And even if you don’t plan on buying anything on Amazon, you can even sell the gift card to someone else as well.

So you see, there are various ways how you can turn your Sweatcoin into real cash if you want to.

Conclusion

And although the primary objective is for runners and walkers to spend their Sweatcoin on the internal marketplace, there are various ways how you can cash out a similar cash value.

Whether you convert Sweatcoin to PayPal directly or sell your Sweatcoin to someone else first, it all comes down to your personal preferences.

Here at Tokenized, we want to help you learn as much as possible about finance and cryptocurrency. We help you navigate the world of tech and the digitalization of our society at large, including the tokenization of assets and services.

Total
0
Shares
Share
Tweet
Share
Share
Share
Pin it