Online content creation has evolved into a viable career path in recent years. Influencers and content creators are finding ways to monetize their platforms beyond ad revenue. One such revenue stream is TikTok gifts – a unique way for fans to show their support. In this article, we’ll delve into what TikTok gifts are, how they work, and their value in the realm of online content creation.
What Are Gifts on TikTok?
If you’re familiar with TikTok, you may have already heard about TikTok gifts. For those who haven’t, TikTok gifts are donations that followers can give to influencers. These gifts come in various forms and are purchased using TikTok coins. The coins are then converted into Diamonds, which can be exchanged for cash. TikTok gifts allow fans to support their favorite content creators financially, while also allowing influencers to earn income from their dedicated followers.
How to Buy TikTok Gifts
If you want to purchase TikTok gifts to donate to your favorite influencers, you’ll first need to buy TikTok coins. These virtual coins are the app’s currency and can be used to obtain gifts and services. Purchasing TikTok coins is a simple process:
- Open the TikTok Android or iOS app on your device.
- Access the Settings menu.
- Tap on Balance and then select Recharge.
- Choose the coin bundle you want to purchase.
Alternatively, you can tap the gift icon in the comment section of a video or at the bottom of a live video to recharge and select a package directly from there.
How Much Are TikTok Gifts Worth?
The value of TikTok gifts can be estimated based on the number of coins and Diamonds they are equivalent to. However, the exact worth of TikTok gifts can be difficult to determine due to the multiple conversions involved. TikTok has not publicly disclosed its conversion metrics, making it challenging to break down the computation.
To give you an idea, based on the current coin prices, it can be estimated that one coin is worth approximately $0.01. For example, TikTok gifts worth 1,000 coins are valued at around $10. Smaller TikTok gifts can cost as little as five coins, equivalent to $0.05. However, the value becomes more complicated when the coins are converted into Diamonds.
Influencers typically use estimated values, assuming that one Diamond is worth two coins. As a result, they earn only half the amount of coins per gift. For example, a 5,000-coin gift would be worth 2,500 coins to an influencer. To provide a clear conversion metric, here’s a breakdown:
- 1 coin = $0.01
- 2 coins yield 1 Diamond
- 200 Diamonds = $1
Additionally, it’s important to note that the influencer only receives 50% of the donation, with the remaining 50% going to TikTok as a commission. For instance, a 5,000-coin gift worth $50 to the sender would only amount to $25 for the influencer. However, after the 50% deduction by TikTok, the influencer can withdraw a total of $12.5.
How to Send TikTok Gifts
Now that we understand the basics of buying TikTok gifts, let’s learn how to send them. You can send TikTok gifts on both live videos and pre-made ones. The process for sending gifts is similar for both methods:
Sending TikTok Video Gifts
- Open the TikTok video to which you want to send a gift.
- Tap the Comments icon (speech bubble) located in the bottom-right corner of the screen.
- Select the Gift icon next to the text field.
- Choose the gift you want to send.
- Type a comment and hit Send.
Sending TikTok Live Gifts
- During a live video, tap the Gift icon at the bottom of the screen.
- Select the gift you want to send.
- Tap the Send button beneath the gift.
Who Can Send and Receive TikTok Gifts?
To send TikTok gifts, you must meet certain requirements set by TikTok. The most prominent requirement is age – you must be 18 years old to send a gift. In South Korea and Japan, the age requirement increases to 19 and 20, respectively. Additionally, you need to be a TikTok user with coins in your digital TikTok balance to purchase gifts.
On the other hand, to receive TikTok gifts, you must also meet specific criteria. You need to be a TikTok user who has reached 1,000 video views on a post within the past 30 days. You must also be 18 years old or older and have at least 1,000 followers (this number may vary by location). In order to receive gifts, you must join Creator Next, which allows you to access TikTok’s monetization features. You’ll also need to configure your account settings to enable receiving gifts on your videos.
How to Cash Out TikTok Diamonds
If you’re a TikTok creator, you can earn Diamonds through various means. To cash out the earned Diamonds, there are some minimum requirements to keep in mind. The minimum withdrawal amount is $100, meaning you can only withdraw if you have reached this threshold. Additionally, there is a weekly withdrawal limit of $1,000, capping your monthly limit at $4,000.
It’s important to note that you can only withdraw to a PayPal account. TikTok does not support withdrawals to banks or other online wallets. Therefore, be sure to link your PayPal account to your TikTok account before attempting any withdrawals.
Conclusion
TikTok gifts have provided a new and exciting avenue for fans to show their support to their favorite content creators. By sending TikTok gifts, fans can contribute to the financial success of influencers while enjoying their content. While TikTok gifts have specific requirements and financial considerations, they serve as a valuable revenue stream for creators. As the platform evolves, the increasing number of revenue streams like TikTok gifts benefits both creators and fans alike.
