What Are TikTok LIVE Gifts and How Do They Work?
- What are Gifts on TikTok?
- How to Send TikTok LIVE Gifts
- How does TikTok Gifting Work?
- How much are gifts on TikTok worth?
- How do TikTok Coins Work?
- How to Get the Money from TikTok Live Gifts?
TikTok is a place where you can showcase your talent and earn a living at the same time. Many content creators on TikTok make money from product placements and brand collaborations. Apart from that, you may also earn through donations known as gifts from your faithful followers. If you are looking at being a full-time TikTok influencer as your main source of income, getting yourself familiar with how gifting works should be your priority. Here, we'll provide you with a comprehensive understanding of TikTok gifts, their functionality, and the potential earnings associated with them.
What are Gifts on TikTok?
So, what exactly are gifts on TikTok? As we mentioned, those are donations or tips from followers to influencers when they are going Live on TikTok. This is a tool to support your favorable content creators and appreciate their work. They come in the form of TikTok coins that you can buy for real money. Further below we represent the table corresponding to the Coins to Money relationship.
How to Send TikTok LIVE Gifts
Initially, your followers need to replenish their wallets with TikTok coins, purchased with real currency, to send you gifts. Subsequently, they can utilize the gift icon within video comments or during live sessions to send you these gifts.
How does TikTok Gifting Work?
The thing about TikTok is that it is stern in determining whether you are eligible to receive virtual gifts or not. So here is the TikTok gift guide with the requirements you have to meet:
- According to its page, eligible accounts and videos must be in good standing, when it comes to their community guidelines.
- On top of this, you must also opt into Creator Next if available in your region.
- Then you have to meet the age requirements - at least 18 in the US.
- Have an account that has been active for at least 30 days.
- Have passed safety moderation which means you did not repeatedly violate TikTok’s community guidelines.
- Have at least 1,000 followers to receive live gifts and 100,000 to receive video gifts. These may vary according to your region.
Only after you have ticked everything on the checklist, will you be allowed to enable gifting on your top-performing videos and live streams. To do this:
- Go to your TikTok profile
- Click on the hamburger icon in the top right corner of your screen.
- Select Creator tools.
- Select gifts and toggle the switch next to it.
How much are gifts on TikTok worth?
The most common virtual gift you get is worth a single coin, while the most expensive is worth as much as 34,999 coins.
Here are the coin bundles available on TikTok with their corresponding dollar amount:
|
TikTok Coins |
Dollars |
|
70 |
$0,74 |
|
350 |
$3.70 |
|
700 |
$7.40 |
|
1400 |
$14.80 |
|
3500 |
$37.00 |
|
7000 |
$74.00 |
|
17500 |
$185.00 |
You'll receive the gifts sent by your followers in the form of diamonds, which can be converted into cash. Estimating your potential earnings from TikTok gifts is challenging due to the various conversions required in the process.
How do TikTok Coins Work?
Firstly, creators don't receive gifts as TikTok coins; they are converted into diamonds. Secondly, TikTok doesn't disclose the conversion rate of coins to diamonds and diamonds to cash. They maintain that the value of their in-app currencies may fluctuate, and it's within their discretion to determine conversion rates. Consequently, there's no definitive method to determine the earnings from virtual gifts on TikTok. However, influencers often use estimated values to gauge the potential worth of diamonds. Typically, sending a gift on TikTok Live worth two coins yields one diamond for the creator, meaning a diamond's value is half of a TikTok coin's value. Based on the available coin bundles, a conservative estimate places the value of one coin at approximately one cent. Thus, creators earn around half a cent for every diamond received from gifts.
How to Get the Money from TikTok Live Gifts?
Here it is not as straightforward as you may expect as even there you have to meet some requirements at first.
- Minimal cash withdrawal per region.
- $1,000 limit a day
- Paypal withdrawal only
Once you have all these met, go to your TikTok account profile.
- Click on the hamburger icon in the top right corner of your screen.
- Select settings and privacy.
- Select Balance
- Select Gift Revenue
- Click on the withdraw button and provide your PP account.
After providing your PP info, you choose how much to withdraw. Take note that the process of withdrawal may take a few days before you receive money from your TikTok account.
Author
IT entrepreneur and co-founder of VJump. His passion is travel photography, within which, he has already visited 75 countries. Photos taken during his travels are actively posted on his social networks. For example, his Instagram account has more than 1 million followers.
In addition, his documentary short film Terra del Fuego was awarded more than 30 international awards and certificates at film festivals worldwide.
