What is TikTok balance? TikTok money is called coins and the number of coins in TikTok is referred to as TikTok balance. However, TikTok is a famous iOS and Android media application that can be used for creating and sharing short videos. It was initially launched in September 2016, in China as Douyin. In The same year, that is 2017, the app was launched by ByteDance for markets outside of China. Sep 3, 2020.
Douyin and TikTok both have the same software but in order to fulfill Chinese censorship restrictions, both apps have separate networks. TikTok is a worldwide popular app. It is easily available all around the world through the google play store or in the app store.
How Much Money Do TikTokers Make | Earn From TikTok
What is TikTok Coin And What is TikTok Balance?
TikTok coins are in-app currencies and it is paid with real money. It is no different when it comes to in-app currencies, TikTok currency does not have any fancy name they call it TikTok coins. Coins vary in value. However, these coins depend on exchange rates. So, 100 Coins cost $0.99 USD and you can buy them up to 10,000 coins at a time.
How Can You Use TikTok Coins?
If you like any creator on TikTok you can buy gifts for your creator. Moreover, you can buy diamonds and give them to someone as appreciation for their work or say thank you.
This is an easy way to appreciate someone’s efforts and the easiest way to earn from TikTok, all you need is to put some effort into creating good content. In tipped a twitch you tip a certain amount to show appreciation.
Once you’ve purchased your TikTok Coins then it becomes your balance. They are stored in your Wallet. You can use it only within the app. TikTok coins are non-refundable and they come with the usual limitations you cannot use them after a certain mention time. The TikTok T&Cs are very clear and concise for its readers, you can be read them below:
What is TikTok Balance and Coins Spending Restrictions?
TikTok, a social media platform on Tiktok can only send gifts to your favourite creators. You cannot send anyone else a present if they are under 18 years old or an adult in another region of the world where this law applies too! The reason why we have these restrictions is that tiktok wants its younger audience protected from scams which happen all too often with kids getting friend requests from unknown numbers and people asking for personal information like passwords before sending them goodies as payment (ie., identity theft).
When you purchase TikTok coins you can send gifts to another TikTok user once your transaction is complete. The amount from your wallet will be deducted. Each gift has a different value. It is essential to have full knowledge of TikTok gifts as it is vital for monetizing the page.
Just like twitch, you can buy different gifts with varying values. You can tip the streamer on how much you like their performance. The more you tip, the more likely you get and the more your name pops up and gets prominent. It is a shorter way to get a shout-out. It encourages the streamer to do well and perform well. The audience spends money to get recognized by their favourite streamer. The same thing goes with TikTok.
If you ever get a chance to watch live streams, you’ll see a special type of emojis pop up during the live stream along with the names of viewers who are sending those emojis.
The balance restrictions limit the number of coins that can be stored in a user’s account, as well as the amount that can be spent in a day. These restrictions are designed to help users stay within their means and avoid overspending on virtual gifts.
Coin spending restrictions work similarly, but they focus on limiting the amount of money that can be spent on coins each day. These restrictions are designed to help users avoid spending more money on TikTok than they can afford.
How to Earn From TikTok
When content creators exchange virtual gifts for diamonds and turn them into real actual cash money. The more gifts you have or we can say coins you have the more money you can make on TikTok. It only depends on how the audience likes your videos on TikTok. Moreover, depends on creator content and people/audience choice to give gifts.
Here’s How to Get Coins or TikTok Balance
As now we know what is TikTok balance? Let’s discuss how to get those coins. It is actually very simple and relatively easy. You can buy coins as long as you’re at least 18 years old. As it is the age of majority in the jurisdiction of many countries. You can have a coin in your TikTok wallet just in a few seconds. Here is a step-by-step guide on how to purchase TikTok coins:
- Firstly, open your TikTok and then navigate to your profile.
- Now, select the settings icon in the top right corner of your profile.
- Then tap ‘Balance’ from the menu that appears on your screen.
- Further, tap on ‘Recharge’.
- Then select an option for the number of coins you want to purchase.
- Lastly, confirm your purchase on the next page and make it done.
Can You Get ‘Free’ Coins on TikTok?
As you know what is TikTok coin then let’s see if we can get them for free? Social media scams are so these days. Anyone with evil intellect can put you in trouble if you are a little lazy to read and follow social media instructions. Every app has unique instructions to protect its audience.
TikTok is also a popular app in respect of earning money. all the companies have strides to protect their users from scams. and anything that is free is not always what it seems like, some lines are only to attract an audience. To send currency to anyone you met online is not a good idea regardless of proper investigation of the sources.
Be Aware of Scams in TikTok Balance
Before interacting with any of the promotional applications to get free coins is dangerous as you are risking your own TikTok account and its security. There are plenty of websites that promise you to give free coins but most of them are fake or scams.
Websites ask you to input your TikTok login information. Then they stole your account and it is impossible to recover your account again. You will get a lifetime ban if your actions go against community standards. Such as hacking someone’s account.
How Many Users Does TikTok Have?
So, here the question is about the popularity of TikTok and how to earn from TikTok. It took four years for Facebook to achieve the same amount of success or active users that TikTok managed to achieve in less than three years. Same if we see to Instagram it took 6 years for Instagram from its launch to gain the same amount of monthly active users that TikTok has.
TikTok was launched in September 2016 and within three years since its launch, it gets a popular and extremely used app within a short time.TikTok has 1 billion active users worldwide and is expected to reach 1.8 billion by the end of 2022.it ranked in third place in 2022 in Asia and was the top app downloaded on the Apple store. but after India and some other countries banned it with a false allegation of spying on them, it still stuck in the 7th place worldwide. It is counted among the bigger giant apps such as Twitter, Snapchat, LinkedIn, Pinterest, and Facebook. Instagram, and YouTube. So, earning is simultaneous to the popularity of the app, which is quite huge.
Douyin Version
There are 150 million active users in China, which mostly uses the Chinese version called Douyin. TikTok has also been warmly welcomed in Asian countries mostly such as Japan, Malaysia, Thailand, India, Pakistan, Vietnam, Cambodia, and many more. but now it is banned in Pakistan India and some other countries.
How Many Downloads Does TikTok Have?
TikTok reached its first billion downloads in February 2019. Just under 8 months, it gains half a billion and more although it’s not confirmed the figure revolves around it. From its launch day till now TikTok keeps growing day by day. The latest statistics, it shows that TikTok is the most popular video app that has been downloaded more than 2 billion times. It is downloaded worldwide on both the Apple App and Google’s play store.
Moreover, TikTok is the only app that doubles its number of users in just one year that’s not the only significant download landmark. and also the only one who sets the recorded audience without being owned by MEtA.The app has reached this year 315 million downloads worldwide.
How Much Time do Users Spend on TikTok Daily on Average?
As per BusinessofApps 2019, users spend an average of 52 minutes per day on the TikTok app. They use this app for sharing and creating short videos to entertain their audience. Due to coronavirus (COVID-19) customer spends more time on their phones at home for entertainment.
TikTok is the primary source of entertainment if someone loves short videos. If we talk about other apps people spend the same amount of time on them. On Facebook people spend about 58 minutes. On Instagram, people spend 53 minutes, and on Snapchat 49 minutes. It is an ample opportunity for marketers. The more you spend your time on these apps the more you will get a chance to see advertisements.
Aim of TikTok Company
In 2017 ByteDance purchased musically to merge the Us teenage market with TikTok for more popularity. From TikTok, you can present creativity, knowledge, and life moments directly from cell phones. tabs etc. Tiktok is a creative app that allows its users to be creative and expressive in terms of their emotions, passion and through their videos. Now TikTok is considered one of the influential apps like YouTube, Facebook, Twitter, and Instagram. TikTok is simple to use that is why anyone can use it for fun and become a content creator. It appeals to so many content creators around the globe and helps to earn a huge TikTok balance.