Influencers are in high demand these days, and there is a lot of money to be made from being one. From advertising, partnerships with brands and organizations that want their product advertised on social media channels, or even donations received by fans who support them-you’ll find that there’s no shortage of ways this job can make you money.
You may be one of those aspiring social media influencers who are looking to make money on apps like Instagram, but you might also find yourself interested in learning about TikTok gifts. These small rewards can add another dimension for brands and creators alike!
TikTok has become one of the most popular social media platforms for influencers to make money. While you can’t always depend on ads and partnerships, there are still plenty of opportunities out there, like via donations known as gifts.
Let’s take a look at the ins and outs of this popular video-sharing app and learn more about what TikTok gifts are and how they work.
What Are Gifts in TikTok?
TikTok has become an incredible tool for building relationships with your followers. You might have already heard of TikTok gifts, but in case you haven’t, we’re here to tell you everything about them. TikTok gifts are donations followers give to influencers. They come in many different forms and cost varying amounts per gift!
TikTok gifts allow influencers who’ve gained popularity through the app – like performers or artists-to receive funds from donations given by their fans. Influencers who have a large following on TikTok can make money by converting their gifts into diamonds, which are then exchangeable for cash.
Many Influencers make a living from their passion by earning money through TikTok gifts since those allow people to show their support for content creators they like. But remember, it will cost you real-world cash to buy the coins and purchase gifts for your favorite influencers. And most importantly, be mindful of how much you spend on gifts and coins, as they’re non-refundable, so put your money where it’s worth it.
How To Buy TikTok Gifts
When you want to purchase TikTok gifts for your favorite influencers, you first need to buy coins. Coins are the virtual currency of TikTok and can be used in various ways, including obtaining promos and shoutouts up to purchasing gifts for your favorite content creators.
The process of buying coins might seem complicated at first, but it’s actually straightforward. You can use your Google Play or Apple account payment details for buying coins. Before purchasing any coins, make sure you already have an active account in order for your purchase to go through properly and successfully!
If you want to express your gratitude and support for the content creators in your life, there is no better way than buying coins.
- Open the TikTok app on your apple or android device and log into your account.
- In the bottom right corner of the app, you can see the profile icon. You can go to your profile by tapping it.
- You will see three lines in the top right corner. Tap it to open a drop-down menu.
- From the drop-down menu, tap Settings and privacy to access your setting’s menu.
- From your settings, click on Balance.
- The screen will show you how many coins are in your account. You can tap Recharg to view all the available bundles. You can go over all of them and select whichever one you want. The price is listed next to each package in dollars. After deciding how many coins you wish to purchase, you can now select your preferred payment method.
- Your updated balance will be visible when you’ve finished making the payment. You can then spend coins on gifts and send them to your favorite TikTok influencers right away!
You can also recharge your gift by tapping on the comment section or bottom of live videos. Press the Recharge link and select package size to purchase from there! The bundles of coins come in different sizes, with bigger amounts having larger discounts.
TikTok has a custom option for those who want to purchase more than 17,500 coins. The price will vary depending on how much you’re buying, and the maximum amount that can be purchased is 2,500,000 coins!
Remember that once you purchase coins, they cannot be refunded. The same goes for reward points. The only way to get rid of them is by exchanging them with diamonds, which are the only thing that can be converted into real-world cash.
How Much Are TikTok Gifts Worth?
Some people have estimated the worth of TikTok gifts based on how many coins and diamonds they are equivalent to. Unfortunately, this can be hard since more than one conversion is involved in computing a reasonable price for them! Moreover, the company has not published its conversion metrics yet, so there is no precise way to break down the values.
Based on the price of one coin, a TikTok gift worth 100 coins will cost about $1. Smaller TikTok gifts cost just five coins, making them worth only $0.05 each! The calculations to understand the worth of gifts from the buyer’s perspective are pretty intuitive and straightforward.
However, when these TikTok gifts are converted into Diamonds, the process becomes even more confusing. Since Diamonds don’t have a fixed price, it’s hard to assign a specific value to them. Their value can fluctuate, and it’s only when they’re redeemed that you’ll know how much your precious stones are worth! Nevertheless, influencers use estimations to calculate the worth of Diamonds. They determine the value by assuming that one Diamond is worth two coins. As a result, the influencer will earn only half the amount of coins per gift. That 1000-coin gift will then be worth 500 coins to the influencer.
As a result, a gift worth $10 will only be worth $5 for the receiver. Besides that, 50% of the donations go to TikTok, and the influencer receives only the other 50%. Therefore the worth of the donation will be cut in half again, and the influencer will only receive $2.5 at the end.
How To Send TikTok Gifts
Now that you know some of the basics about TikTok gifts and how to buy them, it’s time to find out how you can send them to your favorite creators. You can send these gifts on both pre-made videos and live streams. The process is quite similar, and regardless of the method, all coins are converted into Diamonds in the same way.
Here is how to send TikTok gifts for Videos and Live Videos.
- Open the TikTok app on your device.
- Go to the video to which you want to send a gift.
- On the left side of your screen, tap on the Comment icon, which looks like a speech bubble.
- Click on the Gift icon, which you can find next to the text field.
- Go through the gifts and choose which you want to send.
- Type a comment to accompany your gift and hit Send.
Live Video Gifts
- While watching a live video, tap on the Gift icon, which you can find at the bottom of your screen.
- Choose whichever gift you want to send.
- Hit the Send button beneath the gift.
Who Can Send TikTok Gifts?
As of recently, there are some new rules regarding TikTok gifts. To send gifts on Tik Tok, you must be at least 18 years old- but if living in South Korea or Japan, that requirement bumps up to 19 and 20, respectively!
Apart from that, you need coins for TikTok gifts. And those cost money! So make sure to have some in your balance or buy them through the app.
Lastly, you need to have a TikTok account and live in an area where the feature is available. The site has not yet rolled out TikTok gifts everywhere, so if all of your videos don’t have that little gift icon, then the feature is probably not accessible where you live just yet!
Who Can Receive TikTok Gifts?
Just like with other social media platforms, you have to meet a few requirements to get your hands on some cool TikTok gifts. To be eligible to get gifts from your fans on TikTok, you need to be at least 18 years old. Your account should have a following of at least 1,000 people. This number can vary depending on your location. You also need to have a video on TikTok that has at least 1,000 views in the past 30 days.
Besides that, your account must be linked with the Creator Next program. This will allow access and usage of their monetization features, enabling you to not only receive gifts but also make use of many other practical features for creators!
Furthermore, your account should be at least a month old and have posted a public video in the last 30 days. Of course, you should never have violated the app’s community guidelines. You also need to have a business account on the platform!
One more thing to note about video posts is that not all of them are eligible for gifts. For example, Duets videos and Stitch content, together with sponsored videos, meet the requirements to receive donations. However, you can receive gifts on your live videos.
How TikTok Gifts Work
Gifting on TikTok can sometimes get a little bit complex since there are several different types of currencies within the app. As already mentioned, you first need to purchase TikTok coins available in different bundles. Once you have obtained the coins, you can exchange them for a variety of unique TikTok gifts.
You can show your support for TikTok creators by sending gifts in various amounts and forms if you enjoy their content. Everyone watching the video will be able to see your username and what gift you gave them.
When you send someone a gift on TikTok, it turns into diamonds. Diamonds can’t be bought; however, they can be exchanged with cash once received! The minimum withdrawal amount is $100. Withdrawals are available via PayPal or another verified payment service with a weekly withdrawal limit of $1,000.
TikTok is a great way for fans of influencers to show their support. As long as the creator has proper eligibility, they can cash in on all that generosity from followers who want nothing more than to show their appreciation and support to their favorite influencers.
Though the gifting program on Tiktok can be complicated, we hope that our guide helped you figure it out!
While it may take some time to gain enough popularity and start earning revenue via TikTok gifts, the increasing number of revenue streams on their own is an encouraging trend where creators and fans alike can enjoy these new opportunities!