Tik Tok is a service for creating and watching short videos. This platform has quickly gained popularity among young people around the world. Bloggers use this application very actively. They stream short videos about their talents and interests, entertaining viewers around the world. Viewers can also support their favorite bloggers. This can be done by sending gifts.
TikTok’s most popular influencers can earn thousands of dollars per post. The company is attempting to regulate the app’s cash flow with virtual gifts and diamonds, so it’s important to understand how this digital currency works.
Anyway, here is about the TikTok gift points and how much do they worth.
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What do TikTok gifts mean
TikTok will allow you to accept gifts from your fans during your live streaming videos once you reach a certain number of subscribers, exactly 1,000 subscribers. The virtual gifts are icons ranging from a panda to a drama queen. Each of these gifts has a different dollar amount. After you collect all the gifts, you can exchange the virtual icons for virtual diamonds. You can then use the diamonds to get real money using PayPal or another secure payment method.
You can purchase a gift in the TikTok app for coins. All you are allowed to buy in the TikTok app are just these coins. After you purchase coins, you can click on the pink gift icon while watching a TikTok Live video to send a virtual icon to another user.
You have also to be aware that only people over the age of 18 can send a gift to TikTok. After several public protests, the company was forced to introduce a policy that protects young users from scammers.
How much do gifts cost
The cost of purchasing each gift is as follows:
- Panda: 5 Coins.
- Italian Hands: 5 Coins.
- Love Bang: 25 Coins.
- Sun Cream: 50 Coins.
- Rainbow Puke: 100 Coins.
- Concert: 500 Coins.
- I’m Very Rich: 1000 Coins.
- Drama Queen: 5000 Coins.
After receiving a gift, the creator can convert their gifts into diamonds, and then the diamonds into real money. Although TikTok has not explained how much each gift is worth, it looks as follows:
- The cost of diamonds is 50% of the value of coins.
- TikTok takes a 50% commission.
Essentially, this means that if you send someone a Drama Queen, which buys five thousand coins, they’ll get several diamonds worth about 0.5 cents each. That’s not much if you think of it in those terms, but great creators can earn multiple gifts during a single live broadcast, so there’s plenty to earn.
Creators can enter contests or create in-app challenges to earn gifts. Fundraising is also popular on social media sites. These promotions have a “donate” option and involve helping those in need.
How to earn money from TikTok
While subscribers have no way to cash in their coins, content creators can earn money from their content on TikTok. To cash in your diamonds, you need a valid PayPal account. When you earn a certain number of gift points and get your diamond, you can exchange it for your country’s currency.
It’s challenging and can take some time to really make money from TikTok. Nevertheless, it is possible, and there are those who make a living from viewer donations and sponsored content on TikTok.
If you will have any other questions about this process, you can ask the TikTok support team.
