TikTok provides a way for viewers to support their favorite content creators with their in-app currency like diamonds and coins.
But sometimes, catching up on the exchange value of their currency can be confusing. That’s why some of you may be wondering how much is a diamond worth on TikTok?
Let’s deep dive into the topic regarding the Diamond currency on TikTok! Check this out!
How Much Are the Diamonds Worth on TikTok?
Each diamond on TikTok is worth $0.005. So, if you have 100 diamonds then you can cash in for around $0.5. However, there is a platform cut when you cashed it in.
TikTok cuts 50% of what you earn. So that means you’ll only keep around $0.25 if you managed to earn $0.5 worth of diamonds while live streaming on TikTok.
Another thing to note is TikTok has certain rules regarding withdrawing.
The first rule is TikTok only allows withdrawing when you’ve reached $100. The second rule is you can’t withdraw more than $1,000 a day. The last thing, you’ll need a verified Paypal account, to which TikTok will process the payment within the 15 days.
How Much is 1,000 Diamonds on TikTok?
Since each diamond on TikTok is worth around 5 cents, 1,000 diamonds is worth approximately $50. As a reminder, diamonds value one-third of coins.
Converting coins value to diamonds’ might be confusing sometimes, but we got your back! Read more on this article to know more: How Do You Convert TikTok Coins to Diamonds?
What is a Diamond on TikTok?
Diamonds, coins, and gifts are a way for you to support your favorite creators on TikTok.
As you might know by now, TikTok allows creators to do a live stream on the app, and you can send virtual gifts during the stream.
These gifts go to the creator’s balance or wallet and automatically turn into diamonds. These diamonds will then be converted into moolah.
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What Are TikTok Gifts and How Do We Send Them to Creators?
You can send TikTok gifts to your favorite creators during live streams.
These gifts are just a way provided by TikTok to content creators so they can generate some extra revenue.
So, how to send gifts to your favorite creators? It’s very easy. When you are watching a stream, you will see a small gift box icon at the bottom right corner of the TikTok app.
To send gifts to your favorite creator, simply click the gift box.
This action will take you to a gift shop where you can purchase gifts and send them to your favorite creator.
All of these gifts cost coins. Some are more expensive than others. For instance, some virtual gifts can cost 100 coins, and others might cost 1,000 coins.
So, in summary, you need coins to purchase gifts and send them to your favorite creators. This brings us to the next question.
What Are TikTok Coins?
As you might have guessed by now, TikTok coins are the currency you need to send gifts on TikTok. For 0.99$ US dollars, you can purchase 65 TikTok coins. As to how to buy them, follow these steps:
- Go to your TikTok profile.
- Now click on the three dots on the top right section of the app.
- Here TikTok will show you how many coins you currently have in your balance.
- To purchase more coins, you can simply tap recharge.
- To buy coins, tap the number of coins you want to buy with your money.
Due to the exchange rates, the amount you need to give and receive will vary depending on where you live.
Also, keep in mind that you must be 18+ to perform this action. The creators also need to be more than 18 to receive gifts on TikTok.
Difference Between Coins, Gifts, and Diamonds on TikTok
TikTok coins are like tokens in a game – you can’t turn them into real money. Gift points are the same.
But diamonds are special – they can be turned into real cash. Your diamond balance is like a scoreboard showing how many diamonds you have. Each diamond is worth about 5 cents in US money, but TikTok takes a small part of it.
The value of diamonds goes up and down, and the company that owns TikTok, called ByteDance, decides how much they’re worth. You can take out as little as $100 or as much as $1,000 in a week. If you have more coins than diamonds, gift points help you make up the difference.
When you really like a video from someone on TikTok, you can send them a special emoji gift. This takes away some of your coins but gives them gift points. Later, these gift points can be turned into diamonds, and then you can trade them for real money, but TikTok decides how much.
It’s a bit like when people pay to use special emojis on Twitch, another platform. Just remember, giving coins to TikTok creators is your choice – you don’t have to do it, but you can if you want to show you enjoy their videos.
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To sum up, TikTok has diamonds, coins, and gifts to support creators. Each diamond is worth about $0.005, but TikTok takes a bit when you cash in.
You can get around $0.25 for $0.5 worth of diamonds. You need $100 to cash out and can’t take more than $1,000 a day, getting paid via PayPal in 15 days. If you have 1,000 diamonds, they’re like $50. You can use coins to buy gifts for creators during their live streams, like virtual high-fives. 65 coins cost $0.99, and you need to be 18 or older.
Coins and gifts can’t be real money, but diamonds can. It’s a way to support creators you enjoy.
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