would you like to transfer your sweatcoin to paypal?
Perhaps you just realized that you have been collecting thousands and thousands of sweat coins over the last few years and now you would love to withdraw your winnings?
Reading: How to connect sweatcoin to paypal
well don’t worry, because you are one of the many people asking the exact same question and would really like to know how to convert sweatcoin to paypal.
In this guide, you will learn exactly how you can convert your sweat coin balance into real money in your paypal account.
let’s get straight to the point.
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 happening.
- there are you can convert your sweatcoin in paypal balance in usd or eur in several ways:
- solution 1: buy a limited paypal gift card on the sweatcoin marketplace.
- solution 2 : Sell your sweat coin to someone else through community forums like reddit or discord and ask them to send you money through paypal.
For a detailed overview of how to transfer sweatcoin to paypal, read the full article.
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Solved: how to transfer your sweatcoin to paypal in 2022 here is the answer. excellent article by @chrisheidorn of tokenized here: https://tokenizedhq.com/sweatcoin-to-paypal/
can i connect sweatcoin to paypal?
it is not possible to connect sweatcoin to paypal or a regular bank account. sweatcoin can only be used within the sweatcoin app itself.
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.
You also cannot withdraw your sweat coin to your regular bank account.
In fact, I would even go so far as to say that you will probably never see a direct integration of the sweatcoin app with paypal.
There is a very simple reason for this and it is related to the fact that in its current state, sweatcoin is just another rewards program.
Actually, it’s very similar to how you earn miles from your favorite airline.
Although your sweatcoin obviously has some monetary value, it’s not a real currency and therefore converting sweatcoin to paypal balance directly is something you’ll probably never see.
However, that doesn’t mean it’s impossible to convert your sweat currency into paypal dollars and euros.
See the next section to find out how you can exchange your hard-earned sweat currency into real currency.
how to convert your sweatcoin to paypal
You can convert your sweatcoin into paypal balance by buying paypal gift cards on the marketplace or by selling your sweatcoin directly to another user in exchange for the currency sent to you via 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.
In fact, it is possible to derive an implied price of sweatcoin by looking at the prices of the goods and services you can buy with sweatcoin.
Based on the history of things you can buy on the sweatcoin market, the value of 1 sweatcoin is in the range of $0.01 to $0.09 in US dollars.
The question is, how do you actually convert your sweat currency into hard currency that will show up in your paypal account?
here are 2 ways how you can transfer your sweatcoin to paypal.
1. buy a paypal gift card
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 have a solution you might still like.
the easiest way to convert your sweatcoin to paypal is to find an offer to redeem your sweatcoin through a paypal gift card.
Please note, however, that marketplace offers change very frequently and paypal gift cards especially tend to sell out quickly.
so be sure to check the marketplace regularly if you want to get a paypal gift card.
some people also claim that the more people you refer, the more likely you are to see the paypal offer in the marketplace.
That said, even if you see it, you’re going to need at least 20,000 sweatcoins to buy one.
2. sell your sweat coin to someone else
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 sweat coin to paypal is to simply sell it to someone else directly.
This is also known as “over-the-counter” (otc) or “peer-to-peer” (p2p) selling.
transfer your sweat coin to the other person and they send you the agreed amount in dollars or euros through paypal.
Basically, you jump onto the sweatcoin community platforms on reddit or discord and find someone looking to buy sweatcoin.
It’s a bit of a buyer’s market, as there are very few other ways to turn your sweat coin into cash.
so expect to be quoted an extremely low price that you can take or leave.
but it is one of the easiest ways to convert your sweatcoin into paypal balance.
other ways to cash in your sweat coin
There are many different ways to convert sweat coins into real currency. usually involve buying popular gift cards and using them directly or selling them for real money.
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 interested in buying things directly from the sweat coin market, 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 sweat currency into hard currency that you can use on a site that almost everyone uses from time to time.
and even if you don’t plan to buy anything on amazon, you can even sell the gift card to someone else.
As you can see, there are several ways to convert your sweat currency into real money if you wish.
sweatcoin is one of the most popular movement platforms to earn in the world.
And while the primary goal is for runners and walkers to spend their sweat coins on the home market, there are several ways to withdraw similar cash value.
Whether you convert sweatcoin to paypal directly or sell your sweatcoin to someone else first, it all comes down to personal preference.
Here at tokenized, we want to help you learn as much as possible about finance and cryptocurrency. we help you navigate the world of technology and the digitization of our society in general, including the tokenization of assets and services.