An interesting and entertaining app is TikTok. Although the majority of users are in North America and Asia, it is becoming more and more popular internationally. Creators engage viewers by streaming brief clip videos of their skills and hobbies. Sending gifts is one way for users to support their favorite producers.
Although there isn’t much official information from TikTok about the presents, this article is still available for your convenience. Learn how to buy or cash in TikTok gift points and how much they are worth. Like Twitch TV donations, these points are essentially rewards for content providers.
For each post, the most well-known TikTok influencers can earn hundreds of dollars. It’s important to comprehend how this virtual currency functions because the corporation uses them to control the flow of in-app revenue.
You can receive gifts from your fans during your Live videos on TikTok if you have 1,000 followers. In reality, virtual presents are icons, such as pandas or drama queens. These gifts all have varying monetary values. Following the receipt of your presents, you can exchange the digital icons for digital diamonds. The diamonds can then be used to purchase real money through PayPal or another safe payment option.
Coins are used within the TikTok app to purchase gifts. The sole financial transaction permitted within the application is for these coins. After you have enough money, you can give a virtual icon to another user by clicking the pink gift button while viewing a TikTok Live video.
It’s vital to note that only users who are at least 18 years old can send gifts on TikTok. The business was compelled to create a policy that shields younger customers against scams as a result of several public outcries.
Each contribution will cost you the following:
Panda – Five Coins
Italian Hands – Five Coins
Love Bang – Twenty-five Coins
Sun Cream – Fifty Coins
Rainbow Puke – One-Hundred Coins
Concert – Five-Hundred Coins
I’m Very Rich – One-Thousand Coins
Drama Queen – Five-Thousand Coins
The creator can turn their gifts into diamonds after they are received, and eventually into genuine money. Although TikTok hasn’t provided a straightforward explanation of the value of each gift, it can be broken down as follows:
- Diamonds are worth 50% of the coins’ value
- TikTok takes a commission of 50%
In essence, this implies that if you gift someone a Drama Queen, which costs 5,000 coins, they’ll receive multiple diamonds, each of which is worth roughly $0.05. When you put it that way, it isn’t much, but exceptional creators can get numerous gifts during a single live feed, so there is money to be made.
Within the app, challenge participants and challenge creators can earn rewards. A social media platform is also a popular place for fundraisers. These charity events provide a “contribute” option and offer assistance to those in need.
Be wary of scams within the app before sending a gift on TikTok. Some users will trade likes and follow for in-app cash to fish for presents. The purpose of TikTok presents is to help your favorite creators, not to use them as a means of boosting your popularity (as this rarely pans out).
What Are TikTok Gift Points?
Because it can be challenging to keep track of all the currencies within the app, TikTok can be stressful for novice users. If you visit your profile settings, you will see a Balance menu. How many coins do you have visible?
As indicated earlier, you can buy gifts with TikTok money. Coins are packaged in larger bundles that represent bulk discounts. How to check your Tik Tok balance is provided here:
- Open TikTok on your Apple or Android device.
- Tap on the Profile Icon in the bottom right.
- Open the More menu in the top-right corner and select Settings and Privacy.
- Select Balance from the following menu.
- There will be a coin icon and the available coins. Tap on Recharge to purchase more coins. You will see the costs of the various bundles, from 100 to 10,000 coins. The app instantly adjusts the currency to your region.
- Once you select a bundle, you will be asked for a payment method. You can use any credit card connected to the Apple or Google mobile store.
- After the payment goes through, your account will be credited with the number of coins purchased.
The price range for these coins is between $.99 USD for 65 coins and $99.99 USD for 6,607 coins. After making the purchase, you are prepared to send gifts. You’ll get a warning when your balance is becoming low and a request to reload.
The Difference between Coins, Gifts, and Diamonds
Coins from TikTok cannot be exchanged for actual money. With gift points, the same holds. Diamonds are the only thing that can be exchanged for cash. Your diamond total may be seen under Balance. Although diamonds are believed to be worth USD 0.05 each, TikTok also keeps a charge.
Diamond prices vary and are solely determined by ByteDance, the creator of TikTok. A minimum of $100 and a maximum of $1,000 can be withheld each week. Gift points on TikTok fill in any gaps between diamonds and coins.
Give a TikTok performer an appropriate emoji if you enjoy their content. As a result, coins will be taken out of your balance and added to theirs as gift points. These gift points can subsequently be exchanged for diamonds and then, depending on the exchange rate, for cash.
This is comparable to the channel memberships on Twitch, where you pay to use a variety of personalized emoticons. Similar to Twitch, Tik Tok donations are entirely optional. Although it is not required, you can give them coins if you like their content.
How to Collect Money from TikTok
With Tik Tok, content providers can make money from their work but subscribers are unable to cash in their coins. To exchange your diamonds, you must have a functioning PayPal account. You can exchange your diamond for the money of your nation once you have accumulated a predetermined number of gift points.
If you have any questions about the procedure, ask TikTok Help. Although it is difficult and may take some time, it is possible to generate money on TikTok, and some people do so through viewer donations and sponsored material.
Earn Many Gift Points
Getting followers is a crucial component of TikTok gifting. If you are talented and passionate about making videos, this will come naturally to you. You may gain the required 1,000 followers to start receiving gifts by using tools like a duet and the in-app editing tool.
You are prepared to give or receive these digital icons with confidence if you are aware of their monetary value. Scammers and gifts in exchange for likes or following should be avoided, as mentioned above.