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What Are TikTok Coins? – How Does It Work? How To Earn It?
published on: 19.01.2023
last updated on: 11.03.2023
Right now, almost every social media network has its own native currency. There must be some currency to monetize the social media platforms. Also, there is also a need for some currency in social media networks so that we can use those in a different way. In this article, we will talk about TikTok coins which is the in-app currency of the social media platform, TikTok.
TikTok
TikTok is the perfect replacement for Music.ly. And there is huge popularity TikTok has gained recently. From content creators to music lovers, almost everyone is joining every day on this platform. So, if you are a beginner on this platform, then this article is for you. The platform allows users to make 15-second videos, from lip-syncing to Beyonce tracks, you can make various types of content on this platform.
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What are TikTok Coins?
So, TikTok Coins are basically in-app currency in the social media platform- TikTok. You need to buy the currency with real money. Later, with those currencies, you can gift your favorite streamers or creators. There are also Diamonds, you can buy those Diamonds with the currency. Later, you can use those Diamonds to say thank you or appreciate someone.
You can find the same thing on Twitch, also. Tipping in Twitch is similar to Diamond in TikTok. Suppose you watch a TikTok video and start liking the content. Then you start to watch videos of the same creator again and again. If you like the creator, then you can support them by buying them gifts or sending them in-app Diamonds.
This way, creators can earn money and can also motivate themselves. If you support some creators, they will get motivated, and later, they will have the inspiration to make more videos. TikTok allows its users to monetize their fun. So, there are different coins on the platform, and the exchange rate also varies.
At the time I am writing this article, you need to pay $0.99 in exchange for 100 coins. So, if someone wants to support a creator, they can give anything from 1 coin to 10000. Also, there is a limit when it comes to buying TikTok coins. You can buy a maximum of 10,000 coins at a time. Recently, in exchange for one dollar, you could buy 300 coins, and for 10,000 coins, you would have to pay $122. So, you need to know how to get TikTok coins.
How Does It Work?
When someone buys TikTok coins, the coins will be stored in the wallet. You can only use those coins from the application. There is also another thing that you must know is that once you have purchased TikTok coins, there is no refund. There are also some limitations about these coins that you can see from the TikTok T&Cs.
First of all, you can send gifts to creators on TikTok if you like their content or you want to support them by sending them money. But you need to be an adult to send gifts on this platform. This is because the platform wants to protect youngsters from any sort of scams.
After completing the transaction, you can start sending gifts. After sending gifts, you will be able to see in your wallet that the money has been deducted. You should also know that there are different monetary values for different Diamonds. So, if you want to understand TikTok gifts, then start using the feature.
How To Earn TikTok Coins?
There are different ways to earn TikTok coins. There are different gifts like roses, finger hearts, chill, and other things. When someone will give you these gifts, you will get the same amount credited to your TikTok wallet. The second way is to complete the TikTok challenges so that you can earn coins. The best way to make more TikTok coins is to grow your followers.
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Frequently Asked Questions! (FAQs):
Here are some interesting questions and answers about TikTok Coins.
Q1. What Is The Use Of Coins In TikTok?
Ans: TikTok coins are basically in-app currencies that you can use in TikTok. If you want to purchase TikTok coins, you may need to link your bank account or pay via PayPal. But what will you do with it? You can exchange Diamonds with coins and can give those diamonds to your favorite creators to say thank you or appreciate. You can also buy gifts for them. You can think of this as tipping in Twitch.
Q2. How Much Are 1000 Coins TikTok?
Ans: TikTok coins are in-app currencies that you can use to tip streamers or creators through different forms of emojis. But how much worth is a TikTok coin? So, if you are thinking of using TikTok coins, you must know the value before it. One TikTok coin equals 1.3 cents. So 1000 TikTok coins are worth $13.5. But the value can change with time. There are ways to get free TikTok coins.
Q3. How Do I Convert TikTok Coins To Money?
Ans: Yes, you can use TikTok coins to convert them into real money. You can convert these coins into real money through these steps.
• First, open your TikTok app.
• Then go to Profile, and click on the three horizontal lines. You will find it in the upper right corner.
• You are now in the settings.
• Now, click on Settings and Privacy.
• Then go to Balance.
• There, you will find Live Gifts, click on that.
• Now, you need to click on Withdraw.
• Log in to your PayPal account.
• Select the withdrawal and confirm it.
Final Words
I hope now you have understood what TikTok coins are, how the platform works, how you can buy TikTok coins, how you can send and receive gifts with the help of these coins, and how you can make coins and then withdraw real money. And most importantly, you can make a great profit out of it if you are able to make original and attractive content that is appreciated by your followers.
If you want to know more about it, feel free to let us know in the comment section below.
Thank You.
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Anirban Mallick
Anirban Mallick is passionate about writing since his early age. He comes from Kolkata, which is famous for its rich heritage. This young person loves to write about sports, cryptocurrency, marketing, gaming, and other topics. This is why he loves to call himself the “Jack of all Trades.” He has a PG Diploma in Advertising and Public Relations from IIMC, Delhi. In his free time, he loves to write stories, read books, watch movies and play outdoor games, mostly football.
