TikTok has grown to be one of the largest social media platforms in recent years. The platform’s business model is almost the same as those of Twitch, where the viewers can gift the creators. In TikTok, you can gift your favorite creators after recharging TikTok coins and buying gifts with that coin. So, how much are TikTok gift points worth?
TikTok gift points cannot be cashed out. So, there is no inherent worth of TikTok gift points directly. Only diamonds can be cashed out on TikTok. You can directly gift a creator with emojis and TikTok will deduct the coins from your Balance and add it to the creator’s Balance.
The TikTok gift has its own little ecosystem where real money can be used to buy TikTok coins and diamonds can be cashed out for real money. Everything in between is ever-changing and regulated by TikTok. If you want to understand more about the TikTok gifts, gift points, diamonds, and how to cash them out, then read this article till the end.
What Are TikTok Gifts?
TikTok gifts are virtual gifts that can be sent and received by users in TikTok LIVE. Once an account has above 1000 followers, that account will be allowed to go LIVE on the platform.
TikTok LIVE is a live streaming function within TikTok where creators can interact and broadcast themselves for viewers to see. And if you are above 18 years old, you are also allowed to receive virtual gifts from viewers.
These TikTok gifts are bought with TikTok coins by viewers to gift to the live streamers. And those gifts can be converted to real currency. This is how most content creators make money from the platform.
It should also be mentioned that only those above 18 years old can send and receive gifts on TikTok. It is closely monitored by TikTok to ensure no scam is done from it.
Also Read: How To Screen Record A TikTok LIVE?
What Are TikTok Gift Points And How Much Are TikTok Gift Points Worth?
There are different types of gifts that you can buy and gift to creators in TikTok. Some of the gifts and their price in TikTok coins are listed below.
Panda Gift – 5 Coins
Italian Hands Gift – 5 Coins
Love Bang Gift – 25 Coins
Sun Cream Gift – 50 Coins
Rainbow Puke Gift – 100 Coins
Concert Gift – 500 Coins
I’m Very Rich Gift – 1000 Coins
Drama Queen Gift – 5000 Coins
These gifts can be bought using TikTok coins. These TikTok coins need to be recharged within the app using a valid payment method.
After a creator receives these gifts, they need to first convert them to Diamonds. Then those diamonds can be cashed out to your PayPal or other Payment Methods.
Until now, TikTok has not released any explanation on how much these gifts are worth and how TikTok calculates these gifts. But the below points can be considered a rough estimate.
- Diamonds are worth 50% of the coins’ value
- TikTok takes a commission of 50%
Also Read: How To Go LIVE On TikTok Without 1000 Followers?
How To Recharge TikTok Coins?
Recharging TikTok coins can be done from within the TikTok app. These coins are to be bought using real money and can be used to gift to your favorite creators.
Step 1: Open TikTok
Navigate on your phone, find TikTok and launch it. If the app is not downloaded on your device you must download it from the app store or play store.
Step 2: Log in Or Sign Up
You must first enter your email address and password to log into your account. You can sign up if you are a new user.
Step 3: Open Profile
There is a profile icon on the lower right part of the screen. You can tap on that icon and move to the next interface.
Step 4: Click The Three Horizontal Lines On The Upper Right Corner
There are three horizontal lines on the upper right corner of the screen. There may also be a three-dot option available instead of this. You should tap on either of them. In doing so you will get an option to choose between “Creators Tools” and “Settings And Privacy“.
Step 5: Tap On Settings And Privacy
After clicking on Settings and Privacy you will to its tab. Next, you must tap on the balance icon to see how many coins are present on your account. Initially, the amount will be zero.
Step 6: Tap On Recharge
There’s a pink button on the right side with ‘Recharge’ written on it. On pressing that button you will move to the next screen with different amounts of coins with their corresponding price.
Step 7: Choose The Amounts Of Coins
Next, you choose the number of coins to recharge.
Step 8: Add A Payment Method
If you haven’t already linked your visa, Master card, or Paypal on your TikTok account. You can now follow the instructions given on the screen to do that. You can also directly top-up coins using your google play store balance.
Step 9: Confirm The Payment
Whichever method you may have followed don’t forget to confirm at the end.
After successfully adding coins to your account. You may want to know how to use them more efficiently.
Also Read: How Much Do You Earn From TikTok?
How To Collect Money From Tik Tok?
If you are a content creator and have a significant number of gifts received, you can also cash out those gifts and collect money from TikTok.
Firstly, those gifts will be valued as diamonds. Then, when those diamonds are above $100, you can cash out and collect the money using your PayPal account. But when you convert the gifts to diamonds, TikTok keeps a share of 50% and gives you 50%.
So, to cash out gifts on TikTok, you can follow the steps below.
Note – The minimum cashout limit is $100 on TikTok.
Step 1: Open TikTok App
Open the TikTok app on your device. Log into your account if you haven’t already done so.
Step 2: Go To Profile Section
From the home screen of TikTok, click the profile icon on the bottom-right corner and go to the profile section.
Step 3: Click The Hamburger Icon
On the profile page, click the hamburger icon on the top-right corner.
Step 4: Select Settings And Privacy
Next, select the settings and privacy option.
Step 5: Go To Balance
On the settings and privacy page, scroll down and go to Balance.
Step 6: Click Gift Revenue
On the Balance page, click the Gift Revenue on the bottom.
Step 7: Click Withdraw
Next, click withdraw to withdraw your earnings.
Step 8: Log Into Your Paypal Account
The screen will ask you to input your PayPal account information. Go ahead and fill in the information.
Note – The PayPal account should be registered in your name and not other people’s.
Step 9: Confirm The Withdrawal
Lastly, confirm the withdrawal by checking your PayPal balance.
This is the way you can cash and collect money from TikTok. Now, TikTok has also started to allocate earnings to the users from their TikTok Creator Fund account. These earnings can also be cashed out using the same method.
Also Read: What Is TikTok Recharge Online?
Frequently Asked Questions (FAQs)
Some frequently asked questions related to the topic of ‘TikTok Gift Points Worth’ are taken from the internet. Please follow through with the questions and their answers to understand more about TikTok.
What Is TikTok Community Guideline?
TikTok community guideline is a formal guideline issued by TikTok to the users and content creators on the platform. This guideline details and explains what type of content should not be uploaded on the platform and what type of content should be.
These guidelines are particularly important for content creators to not get banned and get their content taken down on the platform.
What Is TikTok Analytics Tool?
A TikTok analytics tool is a tool provided by TikTok to the creators of TikTok to help them get insight into their performance, audiences, and growth on the platform. This tool is a must-have tool that will help you grow and track the growth on the platform.
Is TikTok Balance In USD?
Unfortunately, TikTok does not count the wallet balance in USD. Instead, you have to buy TikTok coins using your currency. And only when someone cashes out the gifts, the gifts will be converted into real currency.
This is because of the business model of TikTok. They control the flow of the coins once a user buys them and until anyone cashes them out. Hence, it gives significant leverage to the company in controlling the vast sum of money spent on the coins by users.
The content creators also earn money from the same pool that is created when users spend money on buying the coins.
Conclusion
Therefore, TikTok coins can be bought from TikTok and recharged into a user’s wallet. The user then can buy gifts for their favorite creators using those coins. There are various gifts you can find on TikTok. These gifts vary in their price on TikTok coins.
These gifts are then converted to diamonds by the creator before withdrawing out on their account. This is a small ecosystem of TikTok coins and TikTok controls it as a means of monetization for the company.
