Users can buy coins on TikTok for a set amount and donate to streamers whose content they enjoy.
There are a lot of different ways to make money on TikTok. Users and content creators can generate income from creating sponsored posts, qualifying for the TikTok creators fund, and more recently, streamers on TikTok are starting to earn money through donations in the form of coins.
As a creator, this can be a great way to start earning money on the platform, but how much are these coins worth, and can they be converted into real money?
In this article, we will provide you with answers to these questions and more.
What Are TikTok Coins?
Essentially, coins are a form of in-app currency that viewers can use on TikTok. You can buy a set number of coins for a certain amount of money. You can then use these coins to tip content creators during their live streams in the form of emojis.
These donations and tips that users give to creators are a great way for creators to earn money on the platform. To get tips during your live streams, you need to create content that engages your viewers and entices them to donate.
Every creator has a different way of making content for different niches. It might take a couple of tries to get it right on the platform, but once you do, a constant flow of coins into your balance during your live streams can earn you some significant money.
How to Earn TikTok Coins
The way to earn TikTok coins is by doing live streams on the platform. When streaming, viewers can send you gifts in the form of emojis. Different emojis correspond to different coins. For example, the panda emoji is equivalent to five coins while the rainbow puke emoji is equivalent to 100 coins.
There are various emojis viewers can send you, each with a corresponding value of coins. The highest amount a viewer can send you on TikTok comes in the form of the ‘I’m very rich’ emoji, which is the equivalent of 1,000 TikTok coins.
In order for you to get more donations than normal is by simply having more people on your stream. To achieve that, aside from growing your following by posting regular content, you should set a schedule for when you are going live and let your audience know about it.
This way, people will know when you’ll be live and if interested, they will most likely rearrange their plans to watch you or at least be aware of the time of your streams.
What Is the Value of Coins on Tiktok?
If you have a decent following and have recently started doing live streams, you’ve probably had users sending you coins to your account in the form of donations. If you have a fair amount of coins in your balance on TikTok, you can then convert the coins into real money.
Now, you are probably wondering, “how much are coins worth on TikTok?”. Well, the value of TikTok coins varies on a daily basis. What you may earn if you exchange or buy TikTok coins today may change tomorrow.
Currently, 100 TikTok coins are worth $1.29, so if you have 1,000 TikTok coins in your balance, that is roughly equivalent to $13.5. Keep in mind that this can change on a daily basis so make sure to check the exchange rate whenever you plan to convert TikTok coins to real cash.
How to Convert TikTok Coins to Cash?
Converting your TikTok coins into cash is actually pretty easy. To do this, all you have to do is head to your coin balance in TikTok. From there, you can view the number of coins you have along with other options such as “cash-out” and “recharge”.
To be able to convert the coins into cash, you will need to link a PayPal account to your TikTok account. This is a very easy task if you already have a PayPal account as all you have to do is fill out your account details. If you don’t have an account, simply head over to the PayPal website, create an account, and link it to your TikTok profile.
Once you are on your balance page, you can simply click on live gifts. From there, your coins will then be converted into diamonds, which you can cash out into your PayPal account. You can do this at any time, so if you want to store your coins for a certain amount of time and let them accumulate or if you want them in your PayPal wallet instantly, you can do all that through the TikTok app.
You may be wondering what TikTok diamonds are. These are basically converted coins that can be cashed out into PayPal. And since you might notice that the numbers change when you convert the coins to diamonds, you may be wondering, “how much is a diamond worth on TikTok?”
To keep it simple, diamonds are worth 50% of the value of coins. So, 200 coins will be equivalent to 100 diamonds. To withdraw cash from TikTok, you need a PayPal account that matches your first and last name on the account. From there, you can start withdrawing a minimum of $100 and a maximum of $1000 per day.
Earning money from creating content on topics that you love is a dream for many. Luckily, with platforms like TikTok, you don’t need millions of followers, likes, and views to start bringing in a decent amount of money.
If you have a small but loyal fan base, even if it isn’t in the tens of thousands, you can still bring in a decent chunk of money by live streaming and engaging with your audience.
All you need to do is create a schedule for when you are going to go live and provide content that your audience loves. This will increase the chances of your followers eventually donating and supporting you as a creator.