Hearing about TikTok gift points, diamonds, and coins can be so confusing! This fast-growing platform is a great spot to make extra income, but you first need to get familiar with all the basic language and what all these terms mean. TikTok has over 689 million active monthly users, and most of them don’t even use the app for fun; they use it to promote their business or become influencers.
If you’re willing to grow your account and start earning, one of the ways is via TikTok gifts. When a user hosts a TikTok live, they can get gifts from followers and convert them into money. But how does the entire procedure go, and what should you do to earn money? Keep reading to find the ultimate guide on TikTok currency.
What Are TikTok Gift Points?
Once TikTok content creators reach a follower count of 1,000, they can start receiving gifts. These gifts are in the form of an emoji and are very much like tips from your beloved fans and followers. So, in other words, TikTok might be a platform primarily meant for fun, but you can still earn money while doing your thing.
But, what should you do to earn this type of gift? The answer is simple; you should start doing live videos and live streams. This is the only time when your followers can express their love, so the more prepared you are and the better your performance is, the more you can earn.
Now, let’s talk more about emojis. Each one looks different, and each one has a unique value. For example, a Panda will bring you five coins, while the Drama Queen is worth five thousand coins.
Once you’re done with your live session, you can thank your followers and find out how many gift points you got by checking your balance. You should know that these virtual gifts are worth a certain amount in dollars. In other words, TikTok users use real money to buy coins, and when they send you gifts on your live performances, you receive them as TikTok gift points.
Now that you know all about gifts on this social media platform, you might wonder how followers gift TikTok. While the creator is hosting the live session, viewers will notice an icon located at the bottom right part that looks very much like a gift. All they have to do is to tap on the box and choose the emoji they want to give.
What Are TikTok Coins?
If you want to treat your favorite TikTok user with a gift, you have to own coins. This is the only existing, official app currency, and to own it, you have to buy it!
If you’re as obsessed with TikTok as we are, you probably understand how important it is to support other creators. When someone is doing live streams, they’re investing time creating content, showing off their talent, and entertaining the audience. So when you see something you like, then it’s time to start giving gifts.
How To Purchase Coins
If your balance is zero and you want to show your favorite creators some love, we’ll take you through the process of purchasing coins.
- Open the TikTok app on your phone and log into your account.
- In the bottom right corner, you’ll see an icon shaped like a person. Tap on it, and it will take you to your profile.
- In the top right corner, you’ll find three dots. Tap on them.
- You’ll see a drop-down menu from which you should tap on the Balance option.
- On the screen, you’ll see your available coins. Tap on the Recharge button to see several packages of coins that you can purchase. There is a price in dollars and the number of coins that you’ll get right next to each package. They can range from 100 to 10,000 coins.
- Choose the bundle you want to purchase and choose your payment method.
- When the payment is done, you’ll see your updated balance, and you can use your purchased coins for sending gifts right away.
What Are TikTok Diamonds?
After every live on TikTok, creators can check if they got any virtual gifts. If they did, those gifts are converted into diamonds. Yes, too many words and too many terms to explain how you earn money on TikTok, but we’ll do our best to make things easier for you.
You can’t buy diamonds with money; they’re something you receive from your followers. The worth of diamonds is not constantly the same, and it depends on TikTok. The minimum amount you can withdraw is $100 per week. Another thing you should know is that the diamonds are worth 50% of what the coins are because TikTok gets a 50% commission.
Once you have enough diamonds on your balance, you can exchange them for money on TikTok. All you need to do is go on your profile, click the three dots in the top right corner, then tap Balance. Tap on Live Gifts, and you’ll see how many dollars you have available. To withdraw the money, you need a PayPal account or another service approved by TikTok and available in your country. The maximum amount you can withdraw per week is $1,000.
How Can You Make Money On TikTok?
Getting gifts is just one way you can make money on this platform. The first thing you need to focus on is creating quality content to gain more followers. Then, start cross-promoting your content on various platforms, and you’ll expose your account to a much wider audience.
The next thing you can try is getting a paid sponsorship with a brand or a business that you like. Many influencers do this, and the biggest ones even earn six-figure deals from massive companies. You still need to build an audience and have a decent follower count before you work with brands. However, there is no need to wait for brands to get in touch; you can be the one who reaches out.
If you want a more secure way to increase your follower count, consider an organic TikTok growth service. Our team can help you get 5,000 new followers each month, a number made of real, targeted people specific to your niche. Your account will be assigned a team that will work tirelessly to find the right people and contact them. Your only job is to keep on creating!
TikTok is not just a platform that offers endless hours of short, witty, fun videos. Creators can also earn for their efforts and their great content. If you want to make money on TikTok, or if you want to show love to content creators, you have to get familiar with terms such as gift points, diamonds, and coins. First, users purchase coins with money, which they can gift to creators via emojis. Next, creators receive these emojis as gift points that are converted into diamonds. Finally, the diamonds can be converted into money, and that’s the short story of how users can earn on this platform.
Although there is no fast track to being famous on TikTok, creating quality content and investing in an organic growth service can help you a lot. Gaining more followers means that you’ll get more engagement, more business opportunities, and more money.