How Much Are TikTok Gifts Worth?
The app TikTok is very intriguing and entertaining. Though the majority of its users are in North America and Asia, it is becoming more and more well-known everywhere. At Tik Tok, users can give gifts to live streamers as a way to express gratitude or simple amity. They are accessible to all users and assist bloggers in growing their channel and generating income from it.
However, are you aware of the value of TikTok gifts? Find out the answers to this question by continuing to read.
What Are TikTok Gifts
When you have 1,000 followers, TikTok will let you accept gifts from your fans during your Live videos. In reality, virtual gifts are icons, such as pandas or drama queens. These gifts each have a different monetary value.
The virtual icons can be exchanged for virtual diamonds once you’ve gathered all of your gifts. Then, using PayPal or another safe payment method, you can use the diamonds to acquire real money.
Coins are used within the TikTok app to purchase gifts. The only financial transaction permitted within the application is the purchase of these coins. After buying coins, you can send a virtual icon to another user while watching a TikTok Live video by clicking the pink gift icon.
It’s important to note that only users over the age of 18 are permitted to send gifts on TikTok. The company was compelled to implement a policy that safeguards younger users from scams as a result of numerous public outcries.
The price of 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
The creator can turn gifts they receive into diamonds, which can then be turned into actual money. Although TikTok hasn’t provided a clear breakdown of the value of each gift, it goes like this:
- Diamonds are worth 50% of the coins’ value
- TikTok takes a commission of 50%
This basically means that if you send someone a Drama Queen, which costs 5,000 coins, they’ll receive a number of diamonds, each worth around $0.05. When you put it that way, it really isn’t much, but great creators can earn several gifts during a single live feed, so there is money to be made.
The app features challenges that creators can take part in or design themselves for rewards. On the social networking site, fundraising is also well-liked. These fund-raisers involve aiding those in need and have a “donate” option.
Be aware of scams within the app before sending a gift on TikTok. Some users will trade likes and follow for in-app currency to fish for gifts. TikTok gifts shouldn’t be used as a means of boosting the popularity of your favorite creators; instead, they should be used to support them.
How Much Are TikTok Gifts Worth
Based on how many coins and Diamonds they are equivalent to, TikTok gifts can be valued. Due to the numerous conversions involved, it may, unfortunately, be difficult to estimate the worth. Additionally, TikTok has not disclosed its conversion metrics, making it impossible to accurately dissect the computation.
The conservative cost of one coin is approximately $0.01 (rounded down) based on the table above. Therefore, a TikTok gift worth $1,000 would be worth $10 to the buyer. Smaller TikTok gifts can only cost five coins, making them only worth $0.05. As of right now, the buyer’s calculation of the value of each gift is simple.
Even more perplexing calculations result from the conversion of these TikTok gifts into diamonds. Diamonds don’t have a set monetary value. They only have a monetary value when they are redeemed, so their value can change.
Yet, to determine the value of a Diamond, influencers employ estimated values. By presuming that one diamond is equivalent to two coins, that value is established.
As a result, the influencer will only receive half as many coins for each gift. The influencer will then value that 5,000 coin gift at 2,500 coins. You can use the following as a clear conversion metric:
- 1 coin = $0.01
2 coins yield 1 Diamond
200 Diamonds = $1
In addition, the influencer only receives 50% of the donation. As a portion of the platform’s commission, the remaining 50% goes to TikTok. All things considered, the recipient will only receive 2,500 coins out of a gift worth 5,000 coins.
Consequently, they receive only $25 from a donation that was sent for $50. As a result of TikTok’s 50% cut, they can only withdraw $12.5.
How To Buy TikTok Gifts
Buy coins first if you want to buy TikTok gifts to give to your preferred influencers. These coins, which function as the app’s virtual currency, can be used to buy things like shoutouts and promotions.
Follow these steps:
- On your device, open the TikTok iOS or Android app.
- Look in the app’s settings menu.
- Afterward, tap Balance.
- Look for and choose Recharge.
- Decide which coin bundle you want to buy.
As an alternative, you can tap the gift icon at the bottom of a live video or in the comments section of a video. Click the Recharge button, then choose a package to buy there.
TikTok accepts custom purchases within the app even though there are set prices. Only if you want to spend more than 17,500 coins can you do that. The maximum number of coins you can buy is 2,500,000, but the cost of the custom amount will vary. Priced at $26,500 at the moment, that maximum.
Additionally, be aware that once you’ve bought coins, you cannot exchange them for real-world money or get a refund. The same is valid for your reward points. Only diamonds can be exchanged for money.
Final Words
TikTok gifts are a cool way for followers of influencers to thank their favorite creators. A creator can profit from the kindness and favor of their fans so long as they are legally eligible. Be mindful that there are scammers using TikTok before you send them a gift. Some users attract gifts by offering in-game currency in digital forms, such as likes and subscriptions.
