Earn Money on TikTok: Buy Coins, Gifts and Redeem Diamonds

Yes, at TikTok money is moved. And no, we are not talking about the typical sponsored like those usually seen in the Stories and other Instagram posts agreed between the influencer of the day and the brand. Here we refer to the purchase of virtual currencies , the possession of an own purse and the exchange of gifts for cash . Don’t you know how it works? That is what we are here for. Be comfortable.

Earn Money on TikTok

The wallet: what it is, what it is for and how to top it up

Beyond virals, challenges and other musical compositions, TikTok is also a platform where money can be managed. For this, the social network uses its own virtual currency that is stored in a purse or Wallet. All profiles – yes, you too – have a purse associated with them, although they have never used it, in which both the coins that the user reloads and the prizes received from other people (LIVE Gifts) are stored. Also within it you will be able to consult the transactions that you carry out with the Diamond program – which we will talk about a little further down, neglect.

Comprar monedas en TikTok

Recharging the wallet is very simple and involves a few steps through your user profile:

  1. Enter the TikTok app and go to your user in “Me” (lower right corner).
  2. Tap on the three dots in the top right corner and once inside “Settings and privacy” tap on “Balance”.
  3. You will see your Wallet with a balance of coins of 0 euros and a red “Reload” button. Tap on it.
  4. Coin purchase options will be displayed.
  5. Choose the option that interests you and tap on the price.
  6. A Google Play purchase dropdown will open (if you are on Android), where you can choose the payment method (by tapping on it, you can select a credit or debit card, Paypal, PaySafeCar or redeem a code) or from the Apps Store (if you are on iOS).
  7. Tap “Buy” (Android) or double-click the side button on your iPhone.

The price of the coins varies if you use Android or if you are on iOS, the latter operating system where it is a little more expensive to buy them. You have the price table to give you an idea of the differences below -the bigger the package, the bigger the discount-:

Number of coins available on Android Price Number of coins available on iOS Price
70 1.09 euros 65 1.09 euros
350 5.49 euros 330 5.49 euros
1,400 21.99 euros 1,321 21.99 euros
3,500 54.99 euros 3,303 54.99 euros
7,000 109.99 euros 6,607 109.99 euros

Once purchased, the coins cannot be returned or exchanged for cash. Keep that in mind.

Wallet full, what now? It’s time to make gifts

Already have your TikTok Wallet full of coins? Then you may be wondering how to use them, of course. This money is used to buy Virtual Gifts with which to reward those people you follow for their content on the platform.

If you like what a TikToker raises, a good way to let them know is with this type of gift. These are in the form of an emoji or sticker and the only thing you have to do to send it is tap on Gift under the video you are watching – they are always done during a live broadcast . Everyone who is watching the video, by the way, will see your profile and know that you made a gift.

If during a live broadcast that you are watching from someone you follow, you want to recharge the wallet, you just have to touch the Gift icon and also press “Buy coins”.

Diamond Program: redeem gifts for money

Once a person receives a Virtual Gift it is transformed into diamonds. Its value is variable (it is calculated based on several factors, including the number of Diamonds that a user has accumulated) and it can never be purchased: the only way to obtain it is through the gifts of the followers. In fact, the platform itself considers them a measure of the popularity of a user’s content.

Programa Diamante - TikTok

The Diamond Program is the one that allows you to exchange the accumulated diamonds for cash – and no, they cannot be transferred to another person. You must have accumulated a minimum of diamonds (there is also a maximum per week to be exchanged) to be able to convert them into US dollars that will be transferred by TikTok to the user’s Paypal account. It is very important that the name and surname of a user coincide exactly with the information of the PayPal account and that it is verified to proceed to collect the money for the diamonds exchanged

To check your diamond balance and proceed with the exchange, this is what you should do:

  1. Enter the TikTok app and go to your user page, in the “I” icon (lower right corner).
  2. Tap on the three dots in the top right corner and, under “Settings and privacy”, tap on “Balance”.
  3. You will see your Wallet and in it “LIVE Gifts”. Tap on this option.
  4. A Rewards page will load where you can see the total number of diamonds earned, the current balance of diamonds you have and their cash equivalent (in dollars).
  5. Tap Redeem and follow the process to send the money to your associated Paypal account.

· Controversies with the Diamond Program

Although at first it may seem easy to make money with the platform’s program, the truth is that many content creators complain that it is not exactly the best for it. Users often comment on how difficult it is for them to send you gifts, since it implies a previous monetary expense on the part of the followers, often too young.

Then there is the issue of inequality in the conversion of Diamonds. That is to say, the money that a user spends in Coins is not comparable to the one that later receives another one by exchanging the Diamonds, losing enough amount along the way – that of “getting lost” is a way of speaking, of course.

So much so that in the end it is not such an easy way to earn money, which is why many prefer to continue to use sponsored collaborations. Even so, it does not hurt to know all the ways by which one can get to increase your checking account with TikTok. Now you know.