The TikTok gifts feature is one that allows TikTok creators to earn money. But how much are these TikTok gifts worth? Let’s find out in this article.
The popularity of TikTok has no doubt increased over the years. With millions of users, you need quality content to stand out and attract the audience.
Once you have established yourself as a great content creator, you will receive support from your following in the form of gifts. The purpose of it is to show their appreciation for the amazing content you provide.
These gifts have monetary value to them, and you can cash them out to get money. Users have to buy these gifts with TikTok coins, which in turn, are purchased with real money. Finding the price of each gift depends on the number of coins used to buy them.
Many popular TikTok influencers make a lot of money through these virtual gifts. Let’s take a closer look at these gifts.
What are TikTok Gifts?
Viewers can send TikTok gifts to their favorite creators during live TikTok streams. They do this as a way of showing gratitude and support.
Your fans can send you gifts once you have reached 1,000 followers on TikTok.
Virtual gifts come in many forms, from pandas to roses. Furthermore, the monetary value of these gifts varies.
By converting these gifts to virtual Diamonds, you can collect real money via PayPal. Within the TikTok app, you can buy gifts with coins. Only these coins are available for purchase in the application.
If you have purchased coins, you can give the gift in the form of a virtual icon to another user by tapping the pink gift icon during a TikTok video.
TikTok only allows users over the age of 18 to send gifts. In response to several public outcries, the company implemented this policy to protect younger users.
How to Buy TikTok Gifts
TikTok gifts are purchased with the TikTok coins. These coins are in-app virtual currencies that are purchased through verified payment methods.
Follow these steps to buy TikTok coins:
- Open the TikTok app on your devices.
- Navigate to the app’s Settings menu.
- Then, tap on Balance.
- Select Recharge from the menu.
- Select the coin package that suits your needs.
Now use these coins to buy gifts of your choice.
Alternatively, you can tap a gift icon that appears in the comment section of the video or during the live video at the bottom of the screen. Follow the Recharge link and select a package you wish to buy from there.
Making a purchase can be easier if you know how much each coin bundle costs in advance.
Even though TikTok has specific prices, users can also make custom purchases within the app.
Custom amounts vary in price, and the maximum amount you can purchase is 2,500,000 coins. It currently costs around $26,500.
It is important to note that once you purchase coins, they cannot be refunded or traded in for real-world currency. The same goes for reward points. Diamonds are the only currency convertible to cash.
How Much Are the Gifts Worth?
You can estimate TikTok gifts’ value by counting how many coins or Diamonds they are worth. Since the value needs to be converted multiple times, it is difficult to estimate. As TikTok has not released its conversion metrics, it is impossible to analyze them.
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As shown by the above table, one coin is worth approximately $0.01. A TikTok gift worth 1,000 coins is worth approximately $10. In TikTok, the smallest gifts may only cost five coins; therefore, they are valued at $0.05. The buyer can easily calculate how much each gift is worth.
However, things get confusing once Diamonds come into the equation. It is possible to turn a certain number of TikTok gifts into Diamonds, which fluctuate in value until claimed.
Yet, influencers use estimated values to figure out the value of Diamonds. Based on the assumption that one Diamond is worth two coins, we arrive at that value.
Because of this, the influencer will receive half the coins per gift. The influencer will receive 5000 coins for the 10,000-coin gift. The following conversion metric provides a clear picture:
- The value of one coin is $0.01
- Diamonds are equal to 2 coins
- It costs $1 to buy 50 diamonds
Thus, they only receive $25 from a $50 donation. TikTok takes 50% of the withdrawal, so they can only withdraw $12.5.
Tiktok Gifts List Including Coins Value
TikTok Universe costs $536.18, taking the top spot on the list of most expensive TikTok gifts. Taking second place for the most expensive TikTok gifts is Lion and Golden Sports Car, each costing $404.82.
How to Send TikTok Gifts
It’s important to know that TikTok Gifts can only be sent to creators during live streams.
- By tapping the button on the home screen, you can access the live streams.
- The next step is to find the stream you would like to support and tap on the Gift icon.
- Various gifts are available here with varying prices in TikTok coins.
- The TikTok creator will then receive diamonds, which can’t be purchased but are received only as gifts. Nevertheless, you can exchange them for cash.
The TikTok creator will receive your gifts in the form of diamonds. Now, you can exchange them to collect cash. A creator can withdraw money from PayPal once he or she reaches $100 in cash.
What are the Eligibility Criteria for Gifts on TikTok?
TikTok has placed certain rules and regulations to avoid users to get scammed. Below, you will find information about who can send and receive the gifts on TikTok.
Who Can Send the TikTok Gifts
- The most prominent requirement for sending TikTok gifts is age. Sending a gift requires at least 18 years of age. The minimum age for South Korea and Japan is 19 and 20, respectively. In live and non-live videos, TikTok gifts must meet this age requirement.
- You must have coins in your TikTok account. These coins are needed to purchase gifts. Using your Google Play or Apple App Store account, you can purchase the required coins if you don’t have them.
- Finally, you must live in a country that supports TikTok. The TikTok gift feature is a relatively new one, and it hasn’t been rolled out everywhere. In some areas, the gift icon may not be available for all videos.
Who Can Recieve the TikTok Gifts
- To qualify, you must have reached 1,000 video views on a post within the past 30 days on TikTok. In addition, your fans can only give you TikTok gifts if you are 18 or older. Additionally, you must have 1,000 followers (this number can vary by location).
- Also, you must join Creator Next if you wish to receive TikTok gifts. It gives you access to TikTok’s many monetization options. After joining, click the three-line icon under the top-right of your profile, and then click “Settings and privacy.”. Scroll down to “Creator tools”, and click “Video Gifts.”. To receive gifts, turn on the “Video Gifts” option.
- You must also have at least a month-old account and have uploaded a video in the last 30 days that isn’t private. It’s important to follow the app’s community guidelines and remain on good terms with the platform. It’s also important that your account is not a Business Account.
- Also, you should keep in mind that not all video posts qualify for gifts. Among the types of videos that aren’t eligible are Duets, Stitch videos, sponsored TikTok videos, and promoted posts. TikTok gifts can be received on live videos, however, only if you meet the criteria mentioned.
How to Turn TikTok Gifts into Cash
- You can earn Diamonds as a TikTok creator by a variety of methods. There are, however, minimum requirements for cashing out Diamonds.
A minimum withdrawal of $100 is required. Anything less than that prevents you from withdrawing cash.
- The maximum withdrawal limit is also $1,000 per week, so you cannot withdraw more than $4,000 a month.
- PayPal is the only way to withdraw cash. Your balance cannot be withdrawn to a bank or online wallet. To withdraw money from TikTok, you must link your PayPal account first.
The TikTok gift system allows fans to express their support for their favorite influencers. TikTok gifts can be sent through both live and non-live videos.
A creator can profit from their fans’ generosity and favor as long as they are eligible. Moreover, knowing TikTok gifts worth can be helpful to both the fans and creators.
Obviously, being popular on TikTok will be a prerequisite for benefiting from TikTok gifts. On platforms like TikTok, creators and fans alike will benefit from the growing number of revenue streams.