Virtual currency is now the latest trend amongst social networks and TikTok isn’t left out. Many apps and social networks have created their virtual currency in a bid to monetize the application, and with the increased popularity of cryptocurrencies around the world, virtual currencies of social networks and applications have enjoyed huge success.
TikTok virtual currency known as just “coins” is only used within the TikTok application on Andriod, iOS, and other smart devices.
What are TikTok Coins used for?
The TikTokcryptocurrencyis designed to be used within the TikTok ecosystem. The coins can be used as a form of gifts items within the app. Many Tiktok users use these coins during live streams as a gift to other users to support their live streams. Did you know that you can convert your TikTok coin to hard currency? Depending on the exchange rate, the coins can be valued at different prices, and just like other cryptocurrencies, their values are constantly rising. It is important to note that once purchased, the TikTok coins are none refundable.
How can I get a TikTok Coin?
Are you new to TikTok? Or maybe you’ve been on the social network, but you’ve yet to get the virtual currency. Well, there are a few ways you can get your hands on some TikTok coins. There are 2 ways one can get his/her hands on a Tiktok coin, and that is either by purchasing them from the app or receiving them from other users.
One of the easiest way to get a Tiktok coin is to do an awesome live stream. During live streams, your viewers can purchase digital emoticons or emojis with the TikTok coins, and you’ll see these images appearing within the chat, and you’ll be able to see them. When you stream on Tiktok and your viewers send you digital emoticons, you’ll acquire 50% of the value of the coins, which will then be converted into digital diamonds. How to Change Your Username on TikTok
After acquiring enough diamonds, you can convert them into hard currency through the current exchange rate. Note that, you can only convert your diamonds into real-world currencies when you amass sufficient diamonds with a total value of at least $100. After conversion, your money will be deposited into a PayPal account. Some examples of digital emoticons available on Tiktok includes; the Italian hand (5 coins), panda (5 coins), Love bang (25 coins), Sun cream (50 coins), rainbow puke (100 coins), Concert (500 coins), “I’m very rich”(1,000 coins), and the drama queen (5,000 coins).
How to purchase TikTok Coins
Buying the TikTok virtual currency is simple and can be done easily on the tiktok app. To purchase tiktok coins, follow the instructions below. Best 5 Tiktok Video Downloader
- Launch your Tiktok app and navigate to your profile
- Tap on the Settings icon located on the top right corner of the app
- After the settings menu opens, tap on “Balance”
- Tap on Recharge
- Now select the number of coins you wish to buy from the available options
- Confirm purchase
The current value of the coins will be displayed on your screen. The value will be displayed in dollars next to the number of coins. The value of the coins isn’t fixed, it fluctuates according to the crypto market, but not by so much. Once you have selected the amount of TikTok coin you wish to purchase, you will be taken to the confirmation page where you’ll verify the purchase through your card, touch ID, or other forms of verification you normally use. After completion of the verification process, your coins will be deposited into your Tiktok wallet.
Cost of TikTok Coins
The value of TikTok coins is not constant, they fluctuate and are different for different countries.
The current cost of TikTok coins in the US:
- 100 coins – $1.29
- 500 coins – $6.49
- 2,000 coins – $26.99
- 5,000 coins – $66.99
- 10,000 coins – $134.99
Hence, the value of one TikTok coin currently in the united states is around 1,3 cents.
How to withdraw from your TikTok wallet
- Tap on the navigation icon on the top right corner of the app
- Select “balance”
- Click on live gifts
- Select “cashout”
- Now link your TikTok wallet to your PayPal account
- Select amount to withdraw
- Your PayPal account must match your accounts first and last name
- The minimum withdrawal amount is $100, and the maximum withdrawal per day is $1,000.