TikTok has its currency within the app – TikTok Coins. You need them to “donate” to your favorite bloggers and to promote your accounts. The unique feature is that you can only buy coins in packs, i.e., TikTok determines how many coins you can buy at once. The more the pack – the cheaper it is to buy one coin.
However, what if you want to buy a vast number of coins? For example, 1 million TikTok coins. Of course, you can do that, but it will take you a long time to spend them. Let’s take a closer look at what it takes to get 1 million coins and what you can get for it.
How much 1 million TikTok coins cost in real currency
You can only buy TikTok coins in packs, as I described above. And the number of coins in the packs is limited and you can not change it. The maximum number of coins in one TikTok pack is 16500 coins for $300. So you would need to buy more than 60 coin packs to get 1 million coins.
The cost per coin is somewhere around 1 cent = 1 TikTok coin. So if you want to get a million coins, you will have to pay about $10,000 for them. This is an awe-inspiring amount, especially for TikTok, where you have nothing else to buy but coins.
However, do you really need that many coins in your TikTok account? I would say that 1 million coins are certainly overkilling since you don’t have many options where you can spend it.
What you can buy with TikTok coins
You can use TikTok coins for two things: buy gifts for content creators in TikTok with them or spend them to promote your account. There are no more features you can spend coins on now.
You can refill your TikTok coins and buy promotions for your video to gain an audience. To do this, post a video and click on the three dots. Then select the fire icon and set up the promotion. You can spend anywhere from $5 (approximately 500 coins) to $7,000 (about 700,000 coins).
You can also buy gifts for your favorite bloggers to “thank” them for their work. These gifts can then be converted into real money. However, the content creators don’t get much from the gifts. TikTok takes most of the profits. The most expensive gift is worth 35,000 coins (about $350).
How much money can TikTok creators get with your gifts
This is where the fun begins. TikTok is pretty greedy app. It takes a lot from your “donations” into its pocket. First, you have to understand that the gifts you give bloggers turn into diamonds. And the value of the gift in diamonds is about half its value in coins.
In addition, when the creator of the video wants to withdraw the diamonds into real money, it can only be done at the rate of 1 diamond = $0.005. Thus, TikTok takes 75% of the value of each of your donations. For example, if you bought a blogger a gift for $100, he will only get $25.
I think that this is quite a high commission for donations to TikTok. And I would not advise you to spend $ 10,000 on donations because only $ 2,500 will reach the recipients, and the rest of the amount just be eaten by Chinese company.
