Is Sweatcoin a legitimate digital currency and can it be traded on exchanges?

3 answers

• Nov 25, 2021 · 3 years ago
  Yes, Sweatcoin can be considered a legitimate digital currency. It is a cryptocurrency that rewards users for physical activity. However, it is important to note that Sweatcoin is not widely accepted as a form of payment like Bitcoin or Ethereum. As for trading on exchanges, Sweatcoin is not currently listed on major cryptocurrency exchanges. It primarily functions as a rewards system within its own app, allowing users to earn and spend Sweatcoins on various products and services offered by partner businesses.
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• Nov 25, 2021 · 3 years ago
  Sweatcoin is indeed a legitimate digital currency. It operates on a blockchain and uses cryptography to secure transactions. However, it is important to understand that Sweatcoin's value is derived from its utility as a rewards system rather than being a widely recognized and tradable cryptocurrency like Bitcoin. While you cannot directly trade Sweatcoin on exchanges, you can exchange it for various rewards and discounts within the Sweatcoin app.
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• Nov 25, 2021 · 3 years ago
  As an expert in the field, I can confirm that Sweatcoin is a legitimate digital currency. It uses blockchain technology to secure transactions and has a dedicated user base. However, it is not currently traded on major cryptocurrency exchanges. Sweatcoin primarily functions as a rewards system, incentivizing users to stay active and earn Sweatcoins that can be redeemed for various products and services. If you're looking to trade cryptocurrencies on exchanges, you may want to consider other options like Bitcoin, Ethereum, or altcoins listed on popular exchanges.
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