Sweatcoin Token SWEAT: Bitvavo Closes Trading on October 7, and What Matters Now

Sweatcoin’s SWEAT token is disappearing in stages, not on a single day. The first stage, and the one that matters most to you, is Wednesday, October 7, 2026: that is when the Dutch exchange Bitvavo closes deposits, trading and withdrawals for SWEAT, one after the other. Eight days later it automatically converts any remaining balance into euros. Only after that, on December 30, 2026, does Sweat Wallet itself come to an end.

This article sorts the dates, separates the two wind-downs that happen to coincide here, and works out the point at which withdrawing to your own wallet still leaves anything at all. If you hold crypto assets on an exchange and are thinking about your trading venue anyway, our comparison of crypto exchanges helps you place fees and authorisation.

What Is Happening to SWEAT Right Now: Two Wind-Downs at Once

SWEAT is the token of the Sweat Economy. Anyone who uses the Sweatcoin walking app is credited with it for verified movement, and it is held in a separate app called Sweat Wallet. Technically the token sits on the NEAR blockchain and is bridged from there to several EVM chains, among them Ethereum, Base, BNB Smart Chain and Arbitrum.

On October 1, 2026, the Sweat Foundation, the company behind the app and the token, announced that Sweat Wallet and SWEAT will end in their current form on December 30, 2026. The reasons it gives, in its own words, are a sustained downturn in the crypto markets, the loss of exchange listings, the cost of working through a security incident in April 2026 after which all user balances were restored, and slower growth in new users. Until December 30 the app, the token and the contracts continue to run unchanged.

A day later, on October 2, Bitvavo announced the delisting of SWEAT. That is an independent decision: according to the Foundation, each platform decides on listings for itself. For you, though, the two wind-downs meet in the same account, and the exchange deadline falls almost three months before the project deadline. That is precisely why October 7 is the date that counts first.

The Bitvavo Deadlines on October 7: 1 p.m., 2 p.m. and 3 p.m.

Bitvavo closes the market in three steps, all on the same Wednesday and each an hour apart. Deposits of SWEAT end at 1 p.m. CEST. Buying and selling ends at 2 p.m. CEST. Withdrawals to an address of your own end at 3 p.m. CEST.

There is a practical point to that order: after 1 p.m. nothing more comes in, and you still have two hours to get rid of what is already there. Bitvavo also warns explicitly against depositing SWEAT after 1 p.m. CEST, because such credits can be lost. So anyone who wants to move holdings from another platform or out of a wallet to Bitvavo in order to sell them there needs a head start: a transfer on the Ethereum chain sent off at midday on Wednesday may arrive too late.

This design is not an isolated case in our coverage. Bitvavo already removed Kava, Nano and Ravencoin in mid-September, and at the end of September ICX followed with a forced conversion ten days after the close of trading. The sequence at SWEAT is the same, only the dates are different.

Forced Conversion Into Euros From October 15

Whatever is still in the account after October 7 does not vanish. Bitvavo converts remaining SWEAT holdings into euros automatically by Thursday, October 15, 2026 at the latest and credits the proceeds to the account. The exchange names that date as the outer limit and expressly reserves the right to convert earlier.

A forced conversion is convenient, but it takes two things out of your hands. The first is the timing: you do not know the price at which the conversion happens, and with a token that has lost between 40 and 42 percent over the past 24 hours that is no minor matter. The second is the decision whether you want to sell at all. Anyone who wants to keep the token, because according to the Foundation the contracts on NEAR will remain in place beyond December 30, has to withdraw before October 7.

Selling or Withdrawing SWEAT: How to Proceed Before October 7

For a balance at Bitvavo there are exactly three routes, and all three are legitimate. The first is a sale into euros before 2 p.m. CEST on October 7. The second is a withdrawal to an address you control yourself, before 3 p.m. CEST. The third is to do nothing and wait for the automatic conversion.

Which route makes sense depends almost entirely on the size of your holding, and that can be calculated rather than guessed. The figures for it are further down. The rule of thumb up front: with small holdings the withdrawal fee eats up the proceeds, with very small holdings the minimum order size prevents a sale altogether, and then conversion is the only route left.

A fourth route that is often overlooked: you can also withdraw SWEAT to another exchange that still lists the token and sell it there. Technically that is the same withdrawal, just with a different destination address.

Kraken Remains the Last Euro Market for SWEAT

Worldwide, SWEAT has only two trading pairs against the euro: one at Bitvavo and one at Kraken. Once the first falls away at 2 p.m. on October 7, Kraken is the only remaining euro market. At midday on Friday trading there was open, deposits and withdrawals for SWEAT likewise, and the pair against the euro was quoted as usual.

Two caveats belong with that. First, Kraken has made no commitment to list SWEAT permanently; listing decisions are taken by each platform for itself, and the Foundation itself points out that liquidity can fall. Second, a minimum amount applies at Kraken too: below 15,000 SWEAT the exchange will not accept an order. At midday on Friday that corresponded to around five euros.

Anyone who wants to move from Bitvavo to Kraken needs both: a withdrawal before 3 p.m. CEST on October 7 and an account that can receive the token. The order matters, because once trading closes at Bitvavo the selling route there is shut, while the withdrawal stays open for another hour.

A 2,900 SWEAT Withdrawal Fee and a 3,100 SWEAT Minimum: When Withdrawing Pays Off

This is the point at which most holders get the maths wrong. Bitvavo charges a fixed fee of 2,900 SWEAT for a SWEAT withdrawal and only permits withdrawals from 3,100 SWEAT upwards. Both figures are denominated in tokens, not in euros, and they do not change with the price.

Taking Friday midday’s price of around 0.00034 euros, that gives the following: the fee costs about 0.98 euros. Anyone withdrawing the minimum of 3,100 SWEAT gets 200 SWEAT out of it, around seven cents. In that case the fee eats up 94 percent of the withdrawal.

The larger the holding, the less that weighs. At 100,000 SWEAT, worth about 34 euros at midday on Friday, 2,900 SWEAT is still 2.9 percent. At one million SWEAT, around 340 euros, it is 0.29 percent. A workable threshold therefore lies somewhere in the region of a few hundred thousand tokens: below that, withdrawing to your own wallet is expensive; above it, the fee becomes an ordinary transaction cost.

A second hurdle applies to selling, independently of all this: for SWEAT, Bitvavo accepts no order below five euros in value, which at midday on Friday came to just under 15,000 tokens. Anyone holding less can neither withdraw sensibly nor sell at all. For that group the automatic conversion on October 15 is not the worst option but the only one, and that is reassuring news: the balance is not lost, it lands in the account as a euro amount.

Where SWEAT Sits: the Ethereum Network at Bitvavo, the NEAR Account in Sweat Wallet

A mix-up can get genuinely expensive here. Bitvavo lists SWEAT exclusively on the Ethereum network. A withdrawal therefore goes to an Ethereum address, not to your NEAR account in the Sweat Wallet app. Anyone who enters the NEAR account identifier from the app into the withdrawal field at Bitvavo is sending the amount to a destination the exchange does not serve.

The reverse holds too: the SWEAT you have earned in the app sits on NEAR. If you want to sell it, you first have to move it to a chain and an exchange that will accept it. The Foundation points out that it has placed liquidity into a SWEAT pool on a decentralised trading platform on NEAR; whether and where you swap remains your decision.

A wallet of your own is the prerequisite for that. Which device and software solutions exist and what to look out for when setting one up is written up in our comparison of hardware wallets. For SWEAT itself you do not need a specialist device, but a wallet that supports the relevant chain.

Sweat Wallet: Back Up the Private Key and the NEAR Account ID

Anyone using the app has a second front to deal with, one that has nothing to do with Bitvavo. Every Sweat Wallet account is a NEAR account, and the private key is what controls it. If that key exists only inside the app, access disappears with the app.

The Foundation names four steps that every user has to carry out themselves. First, back up the private key together with the NEAR account identifier; inside the app the route runs from the profile to the security section. Second, pull earned but not yet credited SWEAT into the wallet. Third, withdraw balances from the so-called Grow Jars. Fourth, move holdings that sit in the app on Ethereum, Base, BNB Smart Chain or Arbitrum into a wallet of your own.

One important detail appears as a warning in the announcement: anyone who removes so-called magic keys or sign-in via the secret phrase can render the backed-up private key useless. Backing up itself changes nothing about the app, the key stays there; afterwards you merely hold an additional copy. As the recommended end date for all four steps the Foundation names December 18, 2026, just under two weeks before the close.

Grow Jars Without a Minimum Term, and the Sweat Validator Stops on October 31

Grow Jars are savings pots inside the app into which users deposit SWEAT for a fixed minimum term and receive interest for it. That minimum term falls away by October 15, 2026 at the latest, for all existing and new pots. From then on you can reach your deposit and the interest earned up to that point at any time.

Anyone who lets a pot run beyond December 30 loses nothing, according to the Foundation: deposit and interest, calculated as at December 30, go to the NEAR account they belong to once the contracts are closed. For that you do need the private key, though, otherwise you cannot reach that account.

A separate date applies to delegators: the Sweat validator on the NEAR network ceases operation on October 31, 2026. Anyone who has staked NEAR there has to unstake beforehand or switch to another validator, and unstaking on the NEAR network takes several epochs. That deadline falls two months before the end of the project and is easily missed, because it has nothing to do with the SWEAT token.

The Most Common Misconception: the Sweatcoin App Keeps Running

The headline that quickly takes on a life of its own online runs: Sweatcoin is being shut down. That is wrong, and the difference matters to millions of users.

Sweatcoin, the walking app with its internal currency Sweatcoins, is operated by Sweatco Ltd. What is being wound down are Sweat Wallet and the SWEAT token, behind which stands Sweat Foundation Ltd. According to the Foundation, the changes are not intended to affect the Sweatcoin app, the Sweatcoins inside it or the promotions in that app; for questions about the app itself it refers users to the app’s own channels. Until December 30 you also continue to earn SWEAT for your movement, as long as Sweatcoin supplies the movement data.

So anyone who only uses the walking app and never set up a Sweat Wallet does not have to do anything, as things stand today. You are affected if you hold SWEAT in the wallet, have it sitting on an exchange or have put it into Grow Jars.

Forced Conversion and Tax: Why a Forced Sale Is Still a Sale

For tax purposes the compulsion changes nothing about the classification. When Bitvavo converts your SWEAT holding into euros, that is a disposal, even though you did not trigger it. For crypto assets held as private assets, Section 23 of the German Income Tax Act applies under the law as it stands: if less than a year lies between acquisition and disposal, the gain is taxable, and an exemption limit of 1,000 euros applies to the total of all private disposals in a year.

At a price of around 0.00034 euros per token the amounts are small for most holders. The duty to keep records is unaffected by that, and it is the real work: for every position you need an acquisition date and an acquisition value. That is particularly awkward where the token was originally credited for movement and never bought, because then there is no purchase record in the usual sense. What a missing record can lead to under the current reform draft is written up in our article on substitute assessment without a purchase record.

If you wait for the conversion, note down the date and the euro amount credited from the exchange’s account statement. That is the evidence for the disposal side, and it is harder to obtain later once the trading pair no longer exists. This article is no substitute for tax advice; with larger amounts the case belongs in professional hands.

The MiCA White Paper at the Central Bank of Ireland: October 12

One point so far missing from the reports concerns European regulation. A crypto white paper exists for SWEAT under EU Regulation 2023/1114, better known as MiCA. According to its own account, the Foundation notified an amended white paper to the Central Bank of Ireland on October 1, 2026; it is to be published on October 12, 2026 at the same address as before.

For you as a holder that is not an action but a reading aid. A white paper under MiCA has to contain, among other things, information on the rights attached to the token and on risks, and the amended version is the place where the wind-down is described in the formal language of the regulation. Anyone who wants to know what is and is not being promised from the supervisor’s point of view will find more there than in a press release. The fact that publication falls five days after the close of trading at Bitvavo changes nothing about your deadlines.

How to Recognise Scam Attempts Around the Wind-Down

Wind-downs with deadlines are the preferred occasion for scam attempts, because they create time pressure and because suddenly a great many users genuinely have to do something with their key. The Foundation makes three things clear on this: nobody from the project makes first contact by direct message, you are never asked for a private key or secret phrase, and only the project’s known domains count as official addresses.

From that follows a simple rule for the coming weeks. Any message offering to rescue your balance, migrate your account or restore your SWEAT, and asking for a key in order to do so, is an attack. The same goes for supposed swap pages that want to connect a wallet. Always check links via the project’s home page or your exchange’s help pages, never via the link in the message.

Selling SWEAT: The Key Points for Your Decision

The situation comes down to three sentences. The hard deadline is October 7, not December 30. What decides the right route is the size of your holding, not the news flow. And if you do nothing, you lose no money; you merely give up control over timing and price.

1. Check the holding and choose a route. Look up how much SWEAT sits at which exchange. Below around 15,000 tokens you cannot sell at Bitvavo, below 3,100 you cannot withdraw; then you wait for the conversion. With larger holdings you weigh sale against withdrawal, and the exchange comparison helps with the choice of trading venue.
2. Back up the key before you move anything. Anyone using the app backs up the private key along with the NEAR account identifier and only then moves balances. Which custody solution fits is shown by the wallet comparison.
3. Secure the records immediately. Download the account statement and the transaction overview while the trading pair still exists, and record the acquisition date and value. A tax tool or portfolio tracker saves you the hunt at the end of the year.

The announcements this article draws on are available at Bitvavo and at the Sweat Foundation. A comparable deadline is currently running for another token: Upbit is removing Ravencoin on October 12.

(As of October 3, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)