TikTok is one of the most famous social media and content sharing platforms available in modern times.
TikTok content is normally very short and in the early days of the app, there was no income mechanism for creators to earn from.
With the release of features that allow people to earn money from their content, TikTok found increased fame and a lot of infamy as well.
We will be discussing the earning mechanisms and TikTok coins in particular.
Also Read:Is TikTok Bad For Your Brain?
How Much Is 1000 Coins On Tiktok
TikTok coins are the currency used on the online platform and these are what determine how much money you have generated as a content creator.
1000 coins on TikTok are worth $12.98 and this can be spent on various gifts that you can give to users or boost your own post. These can also be converted to diamonds and used as gifts.
If a creator has 1000 TikTok coins they will only get $6.50 because TikTok takes 50 percent as commission.
How Much Is 500 Coins On Tiktok
Tiktok currency of 500 coins is priced at $6.49. When you have 500 coins and want to cash these coins, TikTok gives you 50 percent which amounts to $3.25.
The virtual currency price of TikTok is more than all the other social media platforms. As mentioned above, TikTok coins can allow you to buy gifts in the application and 500 coins can get you a lot of different varieties of gifts.
For 500 coins, Hands up, Coral, quarterback Frank, sweet dreams, m4, heart me, sneakerhead etc.
How Do Tiktok Coins Work?
TikTok coins as mentioned above are the currency system in the application, TikTok coins can be purchased by using real world coins.
After you have purchased the coins you can gift the coins to your favourite creator by going into their stream or reel and clicking on gift. Then select the gift that you can buy with the amount of coins you have in your account.
If you are running low on coins you can add on a few more coins to buy the desired gift which appears as a small gig animation on the creator’s stream. When the creator receives a gift this is converted into diamonds.
Creators can then cash these diamonds for half the value as half value goes to TikTok as commission. Creators can withdraw their money to paypal but the minimum limit if withdrawal is set at $50 and the maximum is $1000 for one day.
How Much Do Tiktok Coins Cost?
TikTok coins can be purchased using real world money and different regions and locations have different costing. Currently we will only be discussing the USA version of the application.
These are the cost conversions of coins and how much they cost in USD. This is the cost of the coins when you use the application to recharge coins.
- 100 coins – $1.29
- 500 coins – $6.49
- 700 coins – $9.99
- 1000 coins – $12.98
- 1400 coins – $19.99
- 2000 coins – $26.99
- 3,500 coins – $49.99
- 5000 coins – $66.99
- 7,000 coins – $99.99
- 10000 coins – $134.99
- 17,500 coins – $249.99
The rule to buy these coins is that you should be 18 years or older. As soon as you buy the coins they are sent to your wallet and this is a non-refundable transaction.
It is very unusual but TikTok coins are cheaper when you use your desktop computer or laptop to login and buy coins using your browser.
Also Read: How Much Is A TikTok Galaxy Worth?
How To Earn TikTok Coins?
TIkTok coins can be earned as gifts or they can be bought from the store using real money. However since we are on the topic of earning TikTok coins, there are multiple ways to earn them.
- TikTok challenge(s): Challenges organized or created by TikTok pay you well to do certain tasks or things, for these tasks TikTok app rewards you with coins if you win the challenge.
- Streaming live: Live streams are a very good way to engage your audience, communicate with them and earn rewards that can be converted to coins. When a viewer sends you a gift during your live stream, these can be easily converted to coins and then cashed out. Live streams are only allowed if you have over 1000 subs.
- Creator fund: setting up a TikTok creator fund account helps to accumulate coins based on the engagement on your content. There is a specific qualification as mentioned on the TikTok website as shown below:
- Paid services: Creators can use their skill to offer their followers to buy their art, record a song for them, buy their clothing etc to earn TikTok coins, this requires you to set up a separate marketplace as well. Shoutouts and mentions are also done by some creators for TikTok coins.
How To Convert TikTok Coins to Cash?
Once you have made enough TikTok coins you can convert them to diamonds and withdraw this money into your paypal account.
You go to login to your account, go to settings, enter the privacy section to get to your balance page.
Here you can see how many diamonds you have and how many coins you have in your account. The live rewards section stores your accumulated diamond balance.
On the Live rewards screen you have to select the withdraw button. TikTok has a limit on the max withdrawal per day which is set at $1000.
Once you click on withdrawal and login to your paypal account, the money transfer will be initiated and could take a maximum of 15 days.
Also Read:Most Expensive TikTok Gift
Types Of TikTok Gifts
There are a lot of TikTok gifts that can be purchased from the store to give away to creators. The gifts range from 1 coin to 42,000 coins.
Below are some of the gifts and their conversions
|Coin(s)||Name of the gift(s)|
|1 Coin||Thunder hammer, Ice cream cone, Glow stick, wishing bottle, it’s corn, Rose, TikTok logo, heart, cloud bread and many more|
|5 – 10 coins||Cotton’s shell, cookie, finger heart, panda, tiny diny, tucker the turkey, nachos, tacos, pretzel, ice lolly, lollipop|
|11 – 100 coins||Raccoon, m4 Beatrix, love you, perfume, pizza, guitar, football helmet, paper crane, confetti and many more|
|101 – 200 coins||Butterfly, Mariachi hat, Lock and key, hanging lights, crown, heart and many more|
|201 – 500 coins||Rose bear, superpower, franktastic, Henry the hedgehog, Rock and roll, Holiday corgi, Sweet dreams, Coral, quarterback frank and many more|
|501 – 1000 coins||Copper skates home, LIVE fest trophy,Pinata, pearl, cotton candy, lucky leprechaun, mirror bloom, picnic basket, galaxy and many more|
|1001 – 2000 coins||Fireworks, gaming chair, bumper cars, arcade game, shooting stars, champion, shooting stars, love drop, super cake, red carpet, gift box, star adventures, rabbit, cooper flies home, fall candle and many more.|
|2000 – 3000 coins||Train to 2023, music box, ferris wheel, potluck, meteor shower and many more|
|3001 – 7000 coins||Cooper swims home, summer band, UFO landing, island of love, Leon the kitten, flower overflow, unicorn fantasy, birthday party, party bus ,sports car and many more|
|7001 – 25000 coins||Star throne, Scorpio star sign, interstellar, sunset speedway, red lightning, frog prince, planet, fly love, American eagle, premium shuttle and TikTok shuttle|
|25001+ coins||Adam’s dream, Phoenix, dragon flame, Towards the future, winter lion, Lion, Sam the whale, Lion and Leon, Seal and Whale, Soccer Universe, TikTok Universe+ and Holiday universe.|
The current most expensive gift is the “Holiday Universe” which costs a whopping 41,999 TikTok coins.
The Difference Between Coins, and Diamonds
Coins as has been clearly mentioned above are the true currency on the TikTok app.
TikTok coins are purchased using real world money and they are used to buy gifts or use them for in app services or purchases. Coins are currency for everyone on tiktok.
Diamonds on the other hand are just the currencies for creators, if someone gifts a TikTok lion on your live stream, you can convert this gift into diamonds.
They can eventually be turned into cash and then transferred to your paypal account.
TikTok charges 50% commission on this transaction and you will only receive half the amount due to this reason
TikTok has offered a platform for people to earn money by creating content. This can be used to earn some easy income but also needs some commitment as the views and likes will drop without regular content.
So if you want to be a TikTok superstar and earn millions, you can start anytime.