What are tiktok coins?
TikTok coins are a virtual currency used on the TikTok app to purchase gifts for creators during live streams.
Users can buy coins with real money and then use the coins to send virtual gifts to their favourite creators. The creator can then exchange the gifts for real money.
01
How much do coins cost?
The cost of a coin is varied depending on the amount of money spent. The more coins purchased at one time, the cheaper they cost.
02
What are coins used for?
Coins are used to send gifts to creators. Once they send a gift, those coins turn into diamonds for the creator which is a virtual currency.
03
What's the difference between coins and diamonds?
Coins are what the user purchases to send gifts. Diamonds is the virtual currency the coins turn into once a gift has been sent.
04
How much are gifts?
Gifts vary in cost from 1 coin up to 45,000+ coins.
05
How much of a gift does a creator recieve?
Typically, a creator will receive 40% of the gift sent to them. If a gift costs 100 coins, the creator will receive 40 diamonds. This can increase if the creator hits weekly goals, but it can also decrease if they have violations.
06
How much is a diamond worth?
1 diamond = $0.005 USD
100 diamonds = $0.5 USD
1,000 diamonds = $5 USD
10,000 diamonds = $50 USD
07
How do I cash out my diamonds?
In your TikTok studio, you select Live at the top then click on the $xx balance and you can either exchange your diamonds back into coins to send gifts to other creators or withdraw to your bank account.
08
How much can I withdraw and how often?
You can withdraw your money as many times a day as you wish. The daily amount you can withdraw depends on the amount of diamonds received in the previous month. This ranges from $100 per day up to $50,000 per day.