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 $0.5 cents 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).
What Are TikTok Gift Points?
TikTok can cause stress to new users because it is hard to keep track of all the currencies within the app. If you go to your profile settings, you will notice a Balance menu. You will see how many coins you have.
TikTok coins are used for purchasing gifts. The coins come in bundles, where bigger bundles reflect quantity discounts. Here is how to access your Tik Tok balance:
- 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.
These coins cost anywhere from $.99 USD for 65 coins or $99.99 USD for 6,607 coins. Once you’ve made the purchase, you’re ready to send gifts. When your balance runs low, you’ll receive a notification to reload.
The Difference between Coins, Gifts, and Diamonds
You can’t exchange TikTok coins for real currency. The same goes for gift points. The only thing that can be cashed out is diamonds. You can find your diamond count under Balance. Diamonds are estimated at $0.05 USD, but TikTok also retains a fee on top of that.
Diamond values vary and depend entirely on TikTok’s creator, ByteDance. You can withdraw a minimal amount of $100 up to $1,000 a week. Any gap between diamonds and coins on TikTok is bridged by gift points.
If you like the content of a TikTok performer, go ahead and gift them a certain emoji. This will remove coins from your balance and add them to theirs in the form of gift points. These gift points can later be converted into diamonds, then again for cash value with particular exchange rates.
This can be compared to Twitch’s channel subscriptions, where you pay to use various custom emojis. Same as with Twitch, Tik Tok donations are voluntary. You don’t need to gift coins to anyone, but you can if you really enjoy their content.
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 very easy and may take some time to actually 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 specifically states that users under the age of 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, officially, 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.
TikTok won’t accept my PayPal information. What can I do?
TikTok’s policy states that your PayPal information must match your TikTok information meaning that the names must match. If there is a mismatch of information, we have an article to change your name on TikTok here.
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