TikTok is a very interesting and amusing app. It is growing more and more popular worldwide, though most users are in Asia and North America. Creators stream short clip videos of their talents and interests, entertaining viewers. Users who want to contribute to their favorite creators can do this by sending gifts.
There’s little official information from TikTok about the gifts, but that’s why this article is here. Find out how much TikTok gift points are worth and how you can purchase them or cash them in. These points are basically rewards for content creators, not unlike Twitch TV donations.
The most popular TikTok influencers can make thousands of dollars for every post. The company attempts to regulate in-app cash flow by using virtual gifts and diamonds, so it’s essential to understand how this digital currency works.
Once you’ve reached 1,000 followers, TikTok will allow you to accept gifts from your fans during your Live videos. Virtual gifts are actually icons ranging from pandas to a drama queen. Each of these gifts represents a different dollar amount. Once you’ve collected your gifts, you can trade the virtual icons for virtual diamonds. You can then use the diamonds to collect real money using PayPal or another secure payment method.
A gift is purchased within the TikTok app using coins. These coins are the only monetary purchase allowed within the application. Once coins are purchased, you can click the pink gift icon while watching a TikTok Live video to send the virtual icon to another user.
It’s important to mention that only those over the age of 18 can send a gift on TikTok. After several public outcries, the company was forced to implement a policy that protects younger users from scams.
The cost to purchase each gift is as follows:
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
Upon receiving the gift, the creator can convert their gifts to diamonds and then into actual money. Although TikTok hasn’t released a simple way to explain how much each gift is worth, it breaks down like this:
- Diamonds are worth 50% of the coins’ value
- TikTok takes a commission of 50%
Basically, this means that if you send someone a Drama Queen, which is purchased for five-thousand coins, they’ll get several diamonds worth about $0.05 each. It really isn’t a lot when you think about it in those terms, but great creators can earn several gifts during one live feed, so there is money to be made.
Creators can partake in or create challenges within the app for gifts. Fundraisers are also popular on the social media site. These fundraisers have a ‘donate’ option and involve helping others in need.
Before sending a gift on TikTok, be aware of scams within the application. Some users fish for gifts by offering likes and follows for the digital form of in-app currency. TikTok gifts are meant to support your favorite creators, not use them as tactics to become more popular (as this rarely pans out.
How Much Is 1000 Diamonds On Tiktok
A TikTok diamonds worth as low as 0.005 USD. Whic means 1000 TikTok diamonds equals $5 dollar according to our calculation.
Diamonds are one-third of the coin. Diamonds are not exchanged or transferred in any case. Diamonds are converted to US dollars, which you can then withdraw into your bank account.
To know more about how to get TikTok diamonds, you can go to TikTok website for the detail information about the virtual currencies on TikTok platform.
It is important to note that based on TikTok’s updated gifting policy, only users aged 18 and above can purchase coins and gifts.
Furthermore, only content creators aged 18 and above are allowed to receive gifts and earn diamonds.
Again, TikTok diamonds are half the value of coins amount i.e 2 coins is equal to 1 diamond. Diamonds are what you get on live stream and also real earnings.
70 coins $1.10
1 coin $0.0157
1 diamond $0.00785
Here are TikTok diamonds values in terms of USD
1 Diamond equal to $0.005
100 Diamonds equal to $0.5
500 Diamonds equal to $2.5
1000 Diamonds equal to $5
10,000 Diamonds equal to $50
20,000 Diamonds equal to $100
TikTok diamonds are then exchanged with dollars later from your account and the dollar.
On the other side, you must know how many TikTok coins equal 1 diamond from this illustration
If someone sends you 3 coins or 3 TikTok roses having a coin value of 1, it will then store as 1 diamond in your balance.
In line with this, people say 50 percent will be retained by TikTok as a commission or moderation fee
Honestly, it is more than 50% and the calculation is proof for it.
Note that 1 coin will cost around $0.015 and 1 diamond valued around $ 0.005.
Hence the deduction is more than 60% to be precise it is 65%.
Well, it can be said that this is huge in comparison to any other platform.
How to Collect Money from TikTok
Whereas subscribers don’t have a way of cashing in their coins, content creators can earn money from their content on Tik Tok. You need a valid PayPal account to cash in your diamonds. When you collect a certain amount of gift points and get your diamond, you can turn it into your country’s currency.
Ask TikTok Support any questions you may have about the process. It isn’t easy and may take some time to earn money on TikTok; however, it is doable, and there are those who make a living from their viewer donations and sponsored content on Tik Tok.
Earn Many Gift Points
One essential aspect of TikTok gifts is gaining followers. This is easy if you have a lot of talent and a passion for video creation. Using the in-app editing software and features like a duet, you can reach the 1,000 followers necessary to start receiving gifts.
Understanding the monetary value of these digital icons means you’re ready to send or receive them confidently. As stated above, beware of scammers and gifts for likes or follows.
Frequently Asked Questions
TikTok can be a confusing place. Don’t worry, though! We have the answer to more of your more commonly asked questions here!
Can I get gifts on videos?
Yes! But, you need 100,000 followers first. Whereas gifts can be sent to you on your Lives after 1,000 followers, standard uploads require 100,000 followers.
I can’t accept gifts! What’s going on?
TikTok’s Virtual Items Policy states that users under 16 can’t accept TikTok gifts. This may seem unfair to younger users, but the policy is designed to protect more vulnerable users from exploitation.
On the other hand, no person under the age of 18 (or the age of adulthood in their region) can accept Gift Points. But, TikTok will allow certain users to redeem and accept gifts. If you’re above the minimum age requirements, contact TikTok support for more help. TikTok can revoke your ability to earn an income if you violate certain community standards.
Finding it Hard To Withdraw From Your TikTok?
TikTok’s policy states that your PayPal information must match your TikTok information, meaning the names must match. If there is a mismatch of information, you have to change your TikTok name to correspond with your paypal info and resubmit the withdrawal request.