How to use TikTok coin
The TikTok application is used, among other things, for commercial purposes. The proposed material examines Tik Tok coin, taking into account the peculiarities and exchange rate of the local currency, spending opportunities, rules for withdrawing funds in 2020-2021.
TikTok’s many features allow you to make money. Therefore, additional tools have been introduced on the platform to facilitate the use of all the application’s capabilities.
What is this
Coins are the internal currency of a social network operating on the platform and based on the use of real money. The earned coins are saved for the user indefinitely.
How to use TikTok coin
Coins are sold at a price depending on the set purchased. On average, the rate of this currency corresponds to the US dollar. The cost of coins, taking into account the volume of the batch of coins, is shown in the table.
|Number of coins in the package||Price, USD|
Note. The more coins a user purchases, the cheaper the purchase.
How to buy
To buy coins, you need:
- Open the program, enter your personal page using your username and password.
- Go to your personal profile by clicking on the silhouette icon at the bottom right of the screen.
- Enter the settings section, marked with three vertical dots in the upper right part of the window.
- Refer to the “Balance” item.
- Click on the “Replenishment” label.
- Specify the required number of coins by clicking on the red button with the cost.
- Enter your payment details and complete the transaction.
After the sequential execution of the listed steps, a virtual amount will appear on the online account, taking into account the replenishment made.
Despite the prohibition of direct financial transactions in the application, the platform allows the use of virtual money for its intended purpose.
What are they for
Coins are spent on buying emojis, diamonds and rewarding the TikTokers they like.
Emoji is understood as paid incentives for Tiktokers, whose videos are of interest to the user. By sending such a sticker to the author, the user simultaneously lists a certain number of coins. The cost of emoji is from 1 to 5,000 coins or more.
In addition to stickers, you can buy and gift a diamond that costs 0.5 US cents. One dollar is equal to 200 diamonds. This is another acknowledgment to the author for creating quality content.
This equivalent of recognition cannot be bought, it can only be earned or received as a gift from other users.
The user has the opportunity to encourage the author he likes when speaking on the air. To do this, after switching to viewing the broadcast, click the option of an emoji or other gift in the lower right corner of the screen.
A suitable promotion is selected from the proposed list. If there are not enough funds on the virtual account, the system will redirect to the menu item with replenishment of the balance.
How to make money
To earn coins on the platform, they create and post videos, conduct live broadcasts that attract visitors.
Live streaming in TikTok is possible with the number of subscribers from 1,000 or more.
You can increase your earnings by:
- useful content with tips, instructions and kits;
- active communication with visitors, answering questions raised;
- taking advice from viewers about ideas for filming;
- holding contests during the broadcast;
- promises for a tip to perform one or another action – making a video by a duet, like all videos posted by the user, for emoji at a certain cost.
These tricks will increase the popularity of TikToker, and will lead to a corresponding increase in income from streams.
Important. Top-up balance with the ability to send gifts is available only to adults.
Other ways to monetize
In addition to getting monetized user recognition, you can make money on TikTok by:
- paid advertisements for music recordings by new artists;
- promoting products or services;
- removing and posting tracks about other bloggers;
- affiliate programs;
- providing consulting services;
- selling expert content;
- sales of goods;
- completing tasks – putting likes, commenting on videos, etc.
There are many ways to make money, you can choose a suitable option.
Recommendations for obtaining
The following methods increase the popularity of the TikTok profile:
- original and attractive design of the profile;
- come up with a new theme for the video plot;
- apply popular music when shooting;
- shoot high quality videos;
- visit other networks, subscribe to bloggers.
In addition to the usual means, they use special services for cheating, for a small fee, increasing the characteristics of the account, with the purchase of likes. Complex programs take into account the peculiarities of social network algorithms in order to exclude bans and blockings.
After a certain amount has formed on the profile balance, it is important to understand how to withdraw money by turning virtual currency into real one.
There are certain rules for withdrawing funds from the TikTok account. Withdrawing coins is possible with a minimum amount of $ 100. The maximum daily limit is up to $ 1,000.
For security reasons, the transaction time is from three days to 21 days. The larger the withdrawal amount, the faster the money will be released.
The platform does not charge withdrawal fees, but there is a fee on the involved PayPal payment processor. Funds are initially withdrawn to the specified electronic wallet with subsequent transfer to a real bank card.
Help. For withdrawing money through PayPal, the commission in Russia is 3.8 percent of the transferred amount.
How to create a wallet
To register on PayPal with the creation of a wallet, you will first need to have:
- email address;
- a plastic bank card with an initial amount on the account equivalent to several US dollars.
Registration is carried out in the following order:
- Enter the official website of the payment system.
- Click on the register button.
- Determine the required type of account with opening a personal or corporate account (the last option is intended for organizations).
- Indicate email.
- Enter the password to enter your personal account.
- Enter personal information according to the data in the passport (in Russian letters).
- Provide the details of the bank card associated with the account, with its validity period and individual code.
After all the information is entered, the data will be checked by the security service of the payment system. The final creation of an electronic wallet is completed based on the verification results. To do this, having entered your personal account, you must confirm the specified mail, information on the linked credit card by paying the cost of this service (about $ 1.95).
The statement of the performed verification payment operation will contain a numerical code, which is entered on the official website of Paypel. After the card is confirmed, the deposited funds will be returned to the account.
How to attach a wallet to your profile
To do this, perform the same actions as when buying coins. But in the section “Payment method” click on the inscription “Add PayPal”. Then they enter a mobile phone number and tap on the “Allow” button.
How to withdraw
To withdraw funds after accumulating the required amount, enter the settings menu item with the appropriate wallet. They turn to the tab with “My withdrawals”, indicating the required amount and confirming the transaction.
Withdrawing funds from TikTok wallet
Transfer to card
From PayPal, money is withdrawn to the linked bank card in the following order:
- Login to a personal account in the payment network.
- Go to the Account section.
- Click on the withdrawal message.
- Indicate the withdrawal amount and confirm the operation.
The status of the ongoing transaction is monitored in the “Review” menu item. The translation will be completed in 4–5 days.
If you have any problems with the withdrawal of coins, the TikTok support service will help. Sometimes this happens, although quite rarely. The message is sent to firstname.lastname@example.org or directly to the technical support section. Sometimes the problems are related to crashes in PayPal. Then help will be provided by the support of the specified payment network in the corresponding menu item on the personal page of the site.
Sometimes, in the presence of diamonds, the balance of the network remains at zero level. This indicates that the number of diamonds is not enough for a dollar amount. When the aggregate value of diamonds exceeds this threshold, the balance value will change.
Tik Tok provides users, in addition to interesting leisure, the opportunity to earn money. All that remains is to follow the rules established by the founders of the network and accumulate an amount sufficient for withdrawal on the account.