Coins on TikTok do not directly give you money. Let me explain how it works. On TikTok, users have the option to purchase virtual coins with real money. These coins can then be used to purchase gifts to give to other TikTok users. These gifts can be anything from virtual flowers to virtual cars, and their prices range from a few coins to thousands of coins.
When you receive gifts from other users, you can convert those gifts into diamonds. Diamonds are essentially the currency that can be cashed in for real money. The conversion rate for gifts to diamonds is 50% of the value of the coins used to purchase the gift. So, if someone sends you a gift that was purchased with 100 coins, you will receive 50 diamonds. Similarly, if the gift was purchased with 50 coins, you will receive 25 diamonds.
To cash in your diamonds for real money, you need to accumulate a certain amount. TikTok has a minimum threshold for cashing out, which is typically around $100 worth of diamonds. Once you reach that threshold, you can request to cash out your diamonds, and TikTok will send you the corresponding amount of money.
It’s important to note that TikTok takes a percentage of the money earned from diamonds as a commission. The exact percentage varies depending on the region and other factors, but it is usually around 50%. So, if you cash in 100 diamonds, you may receive around $50 after TikTok’s commission.
While coins on TikTok can be purchased with real money, they do not directly give you money. Instead, they can be used to purchase gifts, which can be converted into diamonds. These diamonds can then be cashed out for real money, but there is a minimum threshold and TikTok takes a commission. So, it’s not a guaranteed way to make money, but it can be a potential source of income if you have a substantial number of diamonds.