Have you previously come across the term “TikTok diamonds”? Do you ever wonder what its true value actually is? Does it actually have any value in the real world?
The blog post for today is all about the TikTok diamonds and the questions surrounding their genuine worth as well as calculating the true value of “1,000 TikTok diamonds”!
What Is A Diamond On TikTok?
Diamonds are one of several words that come under the TikTok lingo.
TikTok diamonds are basically virtual tokens that can be traded for actual cash by the content creators.
When a user purchases live gifts on TikTok, they can send them to a creator during a live stream or leave them in the creator’s comment section as a gesture of appreciation.
When the creators receive these gifts, they get converted into diamonds and are added to their virtual TikTok wallet.
After amassing a significant number of diamonds, the creator can redeem them for cash via the TikTok Creator Fund.
Diamonds are one way by which creators of TikTok can monetize their accounts apart from brand deals, brand partnerships, influencer marketing, and affiliate marketing. This keeps the creators encouraged for producing engaging content and building their audiences on the platform.
Also Read: How Much Is 1 Million Coins On TikTok?
How Much Is 1000 Diamonds On TikTok?
Each TikTok diamond is worth 5 cents, that is, $0.05. Hence, 1000 diamonds will amount to $50 in terms of real money.
But there’s a catch here: If you have 1000 diamonds, you would actually receive $25 in exchange for that. But why so? Well, TikTok keeps 50% of what you earn on the platform.
So, if you have 1000 diamonds, TikTok will keep $25 and give you $25 in your account!
How Can You Earn Diamonds On TikTok?
When it comes to earning diamonds, people cannot send or receive diamonds directly. To earn diamonds, first, you need to get TikTok live gifts on the platform.
Live gifts are basically in-app virtual gifts that users can send to their favorite TikTok stars as a token of their affection.
These gifts are surely virtual, but they do have some good real-life value! A TikTok user’s gifts are turned into diamonds, which can be redeemed for real money through PayPal and other services.
Users and creators on the platform can earn these live gifts either through their TikTok live stream or through their comment section.
Once they get these gifts, they are turned into diamonds and stored in their wallet, where each diamond’s value amounts to 5 cents or $0.05!
However, for receiving gifts on the platform, a creator needs to fulfill a few requirements:
#1 — Requirements TikTok Gifts through TikTok Live Streaming:
- You must be part of the TikTok Creator Fund/TikTok Creator Next program
- LIVE Gifts must be available in your location (this feature is currently not available everywhere).
- You must be 18 years or older (or 19 in South Korea and 20 in Japan).
- You need at least 1,000 TikTok followers
- Your account must be at least 30 days old
- In the case of Business Accounts, they aren’t eligible to participate.
#2 — Requirements TikTok Gifts through Video Comments
- You must be part of the Creator Next program.
- Video Gifts must be available in your location (this feature is currently not available everywhere)
- You must be at least 18 years or older (or 19 in South Korea and 20 in Japan) to go live on that platform
- You need at least 100,000 followers
- Your account must at least be 30 days old and must have published at least 1 public TikTok video in the last 30 days.
- In the case of Business Accounts, they aren’t eligible to participate.
- When it comes to the videos themselves, some of them can’t be rewarded with gifts. Among these are:
- Duet and Stitch videos.
- Ads, sponsored content (from brand deals), or promoted posts.
^ Once the above requirements are met, you can start monetizing your account on TikTok!
Also Read: If You Delete Tiktok Will It Delete Your Drafts
What Is The Difference Between Diamonds and TikTok Coins?
TikTok diamonds and TikTok coins are all interrelated but serve different purposes.
TikTok coins are virtual currencies that can be bought with real money on TikTok.
These are what the TikTok coin packages look like:
Source: TikTok
Users can use these coins to make in-app purchases like buying virtual gifts which include stickers, emojis, and other interactive elements that users can use to engage with the creator of the video.
When a TikTok influencer receives a gift on the platform, they can exchange them for real money — making the whole “monetizing TikTok account” much easier!
Now coming to TikTok Diamonds, come into the picture after a creator on the platform has received a virtual gift.
These virtual gifts are then converted into gift points and TikTok diamonds and added to the creator’s wallet.
The creator can further exchange these virtual diamonds for some real-life cash through payment modes like PayPal and similar services.
For example, if a TikTok user sends a TikTok Universe Gift to their favorite creator on the platform, they first need to spend $500 to buy 30000 TikTok coins on the platform.
Next, the user can use those coins to send a Universe Gift to their favorite creator during a Live stream or in the comments section (one Universe Gift costs 34,999 TikTok coins).
Now, the creator will be rewarded with diamonds for every one of these gifts they receive. These diamonds can then be traded in for actual money.
How Do I Turn My TikTok Diamonds Into Money?
Before we get into the action steps, remember that TikTok pays money only through the PayPal service. So, make sure you have an active PayPal account before you think of withdrawing cash from the platform.
Now for turning your Diamonds into Money, follow these quick steps:
Step #1 — Open the TikTok app and tap on the “Profile” icon at the bottom of the screen
Step #2 — Now, tap on “Menu” (that is the 3 horizontal lines) at the upper-right corner of your screen
Step #3 — Now, tap on “Settings and privacy” and go to “Balance”
Step #4 — Next, tap on “Live Gifts” and select “Withdraw”
Step #5 — Lastly, log into your registered PayPal account and then confirm the withdrawal!
Quick note (withdrawal limits):
The minimum withdrawal amount from the platform is $100 and the maximum daily limit is $1000.
So if you want to withdraw $3000 from your TikTok balance, you’ll need to withdraw the amount over the course of 3 separate transactions, or 3 days!
FAQs
Who Is Eligible To Earn Diamonds?
For earning diamonds on TikTok, you first need to be eligible to receive TikTok gifts.
#1 — Requirements TikTok Gifts through Live Streaming:
– You must be part of the TikTok Creator Fund/Creator Next program
– LIVE Gifts must be available in your location (this feature is currently not available everywhere).
– You must be 18 years or older (or 19 in South Korea and 20 in Japan).
– You need at least 1,000 followers
– Your account must be at least 30 days old
– In the case of Business Accounts, they aren’t eligible to participate.
#2 — Requirements TikTok Gifts through Video Comments
– You must be part of the Creator Next program.
– Video Gifts must be available in your location (this feature is currently not available everywhere)
– You must be at least 18 years or older (or 19 in South Korea and 20 in Japan) to go live on that platform
– You need at least 100,000 followers
– Your account must at least be 30 days old and must have published at least 1 public – TikTok video in the last 30 days.
– In the case of Business Accounts, they aren’t eligible to participate.
– When it comes to the videos themselves, some of them can’t be rewarded with gifts. Among these are:
Duet and Stitch videos.
Ads, sponsored content (from brand deals), or promoted posts.
How Many Diamonds Should I Collect To Encash Money?
You need at least $100 in your balance to withdraw it from your account. This means you need at least 4000 diamonds in order to encash money from the platform.
Reason: Considering that each diamond is worth $0.05, 4000 diamonds equal $200. However, as TikTok retains 50% of this payment, you would only receive $100 in your wallet.
How Much Is One Diamond Worth?
Each TikTok diamond is worth 5 cents, that is, $0.05.
