TikTok coins allow users to support their favorite creators and purchase virtual gifts to send during live streams. Here is everything you need to know about cashing out TikTok coins and exchanging them for real money.
Table of Contents
What are TikTok Coins?
TikTok coins are an in-app currency that can be purchased with real money. Coins can then be used to:
- Send virtual gifts to creators during live streams
- Support and show appreciation for creators you enjoy watching
When you send a gift to a creator, the coins are converted into “diamonds” – another virtual currency used within TikTok. The creator can then exchange these diamonds for real money through TikTok’s Creator Fund program.
How Much are TikTok Coins Worth?
The value of TikTok coins can fluctuate, but generally:
- 100 coins = $1.29
- 500 coins = $6.49
- 1000 coins = $13.50
So each individual TikTok coin is worth around $0.01 – $0.02. However, creators only receive a portion of the coin’s value when they are converted into diamonds. On average, creators receive about $0.004 – $0.007 per coin.
TikTok Coin Packages
When purchasing coins, there are several package options to choose from:
- 20 coins – $0.29
- 65 coins – $0.99
- 330 coins – $4.99
- 660 coins – $9.99
- 1,321 coins – $19.99
- 3,303 coins – $49.99
- 6,607 coins – $99.99
- 16,500 coins – $249.99
Buying larger packages generally gives you a small discount per coin.
Sending & Receiving Virtual Gifts
Once you’ve purchased coins, you can use them to send virtual gifts to creators during their live streams. Popular gifts include roses, drama queen crowns, lions, and even universes!
Gifts range from 5 coins to over 35,000 coins. When a creator receives a gift, they earn diamonds which can be exchanged for real cash.
Withdrawing Your TikTok Balance
Once a creator accumulates enough diamonds, they can withdraw their balance to a linked PayPal account. However, there are rules around cashing out TikTok coins:
- You must have a minimum of 100,000 diamonds to withdraw ($100 value)
- There is a daily withdrawal limit of $1,000
- You can only withdraw 5 times per day maximum
So if you earn a lot of coins as a popular creator, be sure to withdraw your balance regularly to avoid hitting the maximum limits.
How to Cash Out Your Coins Step-by-Step
Follow these steps to withdraw your TikTok balance:
- Open your profile in the TikTok app and tap the 3-dot menu.
- Select “Balance” and then “Withdrawals”.
- Choose your withdrawal method – PayPal or direct bank transfer.
- Enter the amount you want to withdraw.
- Confirm your withdrawal.
The money will be sent to your linked PayPal account or bank within 30 days typically.
Tips for Earning More TikTok Coins
Here are some tips to earn more gifts and coins from your viewers:
- Go live often – this is the main way to earn coin gifts
- Offer viewer games and challenges during your live streams
- Thank viewers for gifts to encourage more
- Stick to a live streaming schedule so fans know when to watch
The more engaging and entertaining your live streams, the more coins you’ll accumulate over time!
FAQs
How long does it take to receive my cash out?
Allow up to 30 days for the money to reach your PayPal account or bank.
Can I transfer coins/diamonds between accounts?
Unfortunately you can’t transfer your TikTok coin balance between different TikTok accounts.
How many diamonds do I need to cash out?
You must have a minimum balance of 100,000 diamonds, which equals $100 in order to request a cash out.
Why can’t I withdraw my coins?
If you can’t withdraw your balance, make sure you have verified your identity with TikTok and that you have met the minimum 100,000 diamond threshold.
Conclusion
Exchanging TikTok coins for real cash allows creators to monetize their content. By cashing out diamonds earned from virtual gifts, you can easily supplement your income from TikTok. Be sure to follow all the rules around minimum withdrawals and daily limits.
