TikTok is a popular SNS among Generation Z, whose main users are young people and teenagers born after 1996. The fun, short-form video format surpassed Twitter in users in 2019 and will surpass 1 billion monthly active users in 2021.
This increase in TikTok usage and monetization incentives presents opportunities for new digital content creators looking to make a living on social media. With the introduction of virtual coins, growth on the platform can now lead to financial gains. Find out what TikTok Coin is, how to buy it, and how TikTok’s gifting and rewards system works in this blog. Like any other currency, the price of TikTok Coin may vary depending on market and country-specific economic fluctuations.
What is TikTok Coin?
Aside from short-form videos, one of TikTok’s unique features is its reward system for creators. The platform has its own currency. TikTok Coin is a virtual coin used within the platform and used to purchase with real money and send gifts to content creators.
The coins function like TikTok’s proprietary tokens, which creators can convert into real-world currency. After accumulating a certain amount of coins (equivalent to about $100 or about 10,000 TikTok coins), content creators can cash out those coins for the total amount. That sounds really good, right?
But raising that amount isn’t as easy as you might think. It is mostly followers who purchase these virtual coins and give them as gifts. While watching a TikTok live stream or video, followers can give creators a financial gift in the form of TikTok Coins. However, only TikTok creators with more than 1,000 followers can receive this gift.
Alternatives to Making Money on TikTok
There are also other ways to make money on TikTok. Content creators with more than 100,000 monthly video views (plus other requirements) can access TikTok’s Creator Fund, which allows them to create content funded by TikTok and join the platform’s Creator Academy. Those who choose this route may need a long-term growth strategy that focuses more on content quality and pays attention to platform metrics. Currently, the Creators Fund is only available to people living in the US, UK, France, Germany, Spain or Italy. Therefore, many creators encourage them to build close relationships with their followers and use TikTok Coins as gifts.
How to purchase and recharge TikTok coins
TikTok Coin operates similarly to a virtual or redeemable currency system. Your TikTok account must be linked to a payment system such as a credit card, debit card, or PayPal. Please note that this virtual currency can only be used by people over 18 years of age.
Buying and topping up TikTok Coins within the app is easy. Please follow these steps:
1. Download the latest version of the TikTok app.
2. Access your profile at the bottom right.
3. Select Settings (3 dots or 3 lines) in the top right.
4. Click ‘Wallet’, ‘Coins’ or ‘Recharge’ in the menu.
5. Now select the number of coins you want to purchase according to your plan.
6. Confirm your purchase using your payment method (credit card, debit card, PayPal).
TikTok sets limits on coin purchases and recharges. Minimum purchase is 5 coins and maximum top up is 17,500 coins. To withdraw cash from TikTok, go to the ‘Balance’ section of the menu, select ‘View’ and then click ‘Withdraw’. Then choose whether you want to receive payment via your bank account or PayPal. Please review TikTok’s withdrawal policy carefully as the platform is not responsible for any losses or price discrepancies.
Where to Find Cheap TikTok Coins in 2024
If you are already familiar with TikTok Coin or want to start using it without spending a lot of money, you can find cheaper TikTok Coins. Because each country has its own currency and exchange rates fluctuate, the price of TikTok Coin varies depending on the country.
TikTok coin price by country
TikTok Coins are sold in packages containing varying amounts of coins, each corresponding to a specific price. In 2024, the price of 65 TikTok coins will be $1.19 USD, and the price of 16,500 coins will be almost $300 USD. This means that the price of TikTok Coin is between $0.017 and $0.018 USD.
When deciding how many TikTok coins to buy, keep in mind that each gift has a different price. For example, 100 roses are worth $1, but some gifts can cost up to 300 euros.
Because of this, many people look for options to buy TikTok Coins in other countries where they can benefit from exchange rates.
Therefore, some users use TikTok VPN. With a VPN, you can safely watch TikTok from another country, unlock content when you travel, and change locations to find different deals and compare prices. A VPN also provides an additional layer of online protection, which is especially useful when conducting financial transactions on your mobile device. Therefore, we recommend both followers sending gifts and creators cashing out virtual currency to use a VPN.
TikTok Coin Discount Types
If you are looking for cheap TikTok coins, keep an eye out for the various promotional offers and discounts TikTok offers. The important thing is not to miss temporary promotions, use them actively and check prices carefully before buying.
- Promotional Packages: TikTok can offer more coins for the same price with bigger packages. For example, if you buy a large package you can get an extra 10%.
- Seasonal Promotions: During special events, TikTok often launches temporary discount promotions for coin purchases.
- Daily Login Rewards: Some users can earn coins just by logging in every day or engaging in certain activities within the app.
- Referral Program Discount: Users can invite their friends to join TikTok and receive some coins as a bonus for attracting new users.
To avoid third-party fraud, always make sure these discounts are verified and part of a legitimate TikTok promotion.
Safety Tips for Buying TikTok Coins
Each country has different laws regarding the minimum age to access TikTok and transact on the platform. It is important to review TikTok’s privacy policy before making any decisions about using the coins.
Here are some recommendations before using TikTok Coin regarding privacy, personal data, and fraud risks:
- Avoid third-party or unofficial websites and use the official TikTok app. You can download the TikTok app from Google Play or Apple App Store.
- Do not share your account or payment information with anyone. To prevent your account from being hacked, we recommend protecting your password and creating a strong access code. This is even more important if your profile is linked to a bank card.
- Protect your passwords and devices with two-factor authentication (2FA) for an extra layer of security by requiring a code in addition to your password.
- Avoid clicking on suspicious messages, such as external links, emails, direct messages, or comments from strangers. Be especially careful if they offer free TikTok Coins or exclusive discounts.
- Downloading a VPN like ExpressVPN on your router or mobile device creates a secure Internet tunnel where no one, including your Internet provider, can see what you are doing. This will protect both your device and your WiFi network from third-party surveillance.
These security measures allow you to become a TikToker, monetize your creativity, and send gifts to your favorite creators without putting your personal data at risk.
