Avid TikTok users will know that the app works by granting creators access to a live stream feature when they hit 1000 followers.
During this live stream, followers and fans can buy gifts for the creator – which convert first into TikTok diamonds, and then real money.
Of course, there are caveats. The creator who receives the gift does not receive the full financial value – and even if they did, the amounts are never that high unless the creators is pulling in multiple top end gifts for every live stream.
But for followers, what really matters is what they can get for their money. Which is why we’ve created this quick guide to TikTok coins – sharing the real financial cost of 1000 coins, and what that will get you in the app.
How to Buy TikTok Coins
TikTok coins can be purchased in the app, and then converted into gifts that you pass on to creators during a live stream.
When you buy coins on TikTok, the action is called ‘Recharging’ your in-app wallet, with amounts ranging from 70 coins right up to thousands of coins in one go available.
Once you have bought coins and recharged your wallet within the app, you can browse a wide range of gifts.
How Much Does it Cost to Buy 1000 Coins?
At present, in March 2024, the cost of 1000 coins on TikTok is £10.70.
How Much of a 1000 Coin Gift Does the Creator Receive?
A 1000 coin gift is considered generous on TikTok. It can buy a range of gifts for a creator, including the coveted universe gift, the gold mine, a mirror flower, a magic lamp, or a disco ball.
Once you choose the gift you want your favourite creator to receive, your gift will appear on the screen and be visible to both other followers and the creator themselves.
Depending on the coin value of the gifts they receive, creators can then convert those gifts into diamonds which are available to withdraw as cash. A 1000 coin gift will grant the creator between 10 and 30 diamonds, with the diamonds worth around 5p in real cash.
Suffice to say, even large and seemingly extravagant 1000 coin gifts aren’t worth very much in real money – which is why TikTok creators spread their income stream across different parts of the platform with collaborations and brand partnerships too.
