TikTok wallet: what it is, how it works and how to get balance
If you are interested in knowing what the TikTok wallet is, how it works and how to get balance, it is that you are surely entering the world of social network monetization, and the truth is that ephemeral content platforms are increasingly a way to make money, especially if you have already become an influencer.
Not everyone has accounts with thousands of followers, sponsors and privileged income programs for publishing content, something that already happens on platforms like Kwai and you can also get it on YouTube monetization , but on TikTok it is much easier to achieve it and the key is in the direct ones and the gifts you receive in them.
In TikTok you have the possibility to send gifts to other users in recognition of the content they publish , this stimulates the incorporation of new videos, original content and better quality. This action is carried out through the TikTok wallet, there we can buy coins and store money to exchange for gifts and stickers that are sent in direct.
The gifts that you send with your TikTok wallet balance are not for any user , because not all profiles can make direct, only the big tiktokers have the possibility to do it and that is when you can send those gifts purchased with real money.
In TikTok you can store all the money you want in your wallet, buying in installments of up to 7 thousand coins at a time , but it will always depend on the amount of money you want to spend and once you have exchanged your money for coins you can start using it in gifts .
How to top up your TikTok wallet
To buy coins on TikTok you must follow the following steps:
- Sign in to the TikTok app
- Click on your profile in the Me tab that is located in the lower right
- Now click on the menu of the three points that is in the upper right
- Enter the settings
- Go to the Balance section, then click on Recharge
Once this step is completed, you can now use your money to send gifts in direct.
The prices by number of coins vary from one operating system to another and we will tell you the available sections to recharge:
- 70 coins: €1.09
- 350 coins: €5.49
- 1,400 coins: €21.99
- 3,500 coins: €54.99
- 7,000 coins: €109.99
- 65 coins: €1.09
- 330 coins: 5.49 euros
- 1,321 coins: €21.99
- 3,303 coins: 54.99 euros
- 6,607 coins: €109.99
You must bear in mind that to execute your payment, you must make it with the registered payment method, either in Google Play or in the App Store , in case you do not have an associated card, you must carry out the corresponding procedure in your application store.
Once you have completed the process of buying coins, you will see that this balance is available in your TikTok wallet in the Balance section, from that moment it is already available for the use you want to give it.
It may seem like a fun activity and the truth is that spending money on a leisure activity is an investment , more so in these times of confinement and pandemic, however the recommendation is to make small purchases if you are not sure what you really want to spend your money on. coins.
What do TikTok gifts turn into?
There is a wide variety of gifts that you can choose to give to your favorite tiktoker, you can choose from a cheap panda that only costs five coins, to much more expensive gifts that can cost around 5,000 coins and that in real money can mean a few 50 euros.
You will see that in the live there is an icon at the bottom and from there you can choose the gift you prefer , the value of the gift will determine the size in which the image will be seen in the live broadcast. This action could mean an increase in followers and therefore you could see it as an investment really, even if you want to get the attention of the one who directs.
These gifts and stickers are not virtual objects to collect, the tiktokers will actually receive money for it , regardless of what they cost you. That money can then be transferred to your PayPal account.
Receiving gifts on TikTok allows tiktokers who do not depend on advertising campaigns to earn money on the social network, and the process to redeem these gifts is quite simple.
If you are tiktokers we will tell you how to see and redeem those gifts:
- Login to TikTok
- Now go to your profile in the Me tab at the bottom
- Click on the Privacy Settings
- Now go to the Balance and open your wallet
- Select the Live Gifts option and there you can see all the rewards and accumulated diamonds.
All the gifts that are sent are converted into diamonds for those who receive it, but they will be able to redeem it after having obtained 10,000 diamonds , which is equivalent to approximately 50 euros.
Once you have completed that amount, you can go to your TikTok wallet and tap on the Withdraw option.
After that you must accept the terms and conditions, then log in to the PayPal account and choose the amount to withdraw at that time, you can decide if you want to withdraw all the money, or a portion.
How to fix issues with your TikTok wallet
Once you have withdrawn money from TikTok because you had more than 10,000 diamonds and after the 24-hour period for it to be in your PayPal account, you can start a claim on the platform. You will have to send this claim to the email address email@example.com and you must enter the following information:
- Screenshot with your TikTok profile
- Enter the data about the version of the application installed on your mobile
- You must also provide the model of the mobile you have and the version
- Place a screenshot with the transaction made to withdraw the money in PayPal
Block TikTok wallet
If we have children and adolescents using TikTok, it is best to use the Restricted Mode , that is also one of the suggestions in the TikTok Digital Detox option and thus prevent children or young people from making purchases without their parents’ authorization.
It is a kind of parental control that deactivates live broadcasts and also deactivates withdrawal of funds, purchase of coins or sending of gifts, so your children will not have any type of access to this type of content and the expenses that this can generate .
Another measure that you can take is to eliminate any payment method that you have registered in Google Play or App Store and thus you will not have any risk of purchases and expenses from that and any other application.
Now we explain how to activate the Restricted Mode step by step:
- Login to TikTok
- Click on your profile in the Me option at the bottom right
- Select the menu of the three points at the top
- Enter the Settings and privacy section
- Select the Digital Detox option on TikTok
- Choose Restricted Mode
- Click on Enable Restricted Mode
- You must assign a four-digit password, then you must confirm it
- Once these steps are completed, restricted mode will automatically activate
Earn money with TikTok
We have talked about this on other occasions , but certainly you can earn money on TikTok, beyond the diamonds in direct. The way to make more money on TikTok can certainly be the Creator Marketplace, it is an influencer marketing platform where brands and creators can connect to do business, in which everyone involved wins.
Another option to earn money on TikTok is the fund for creators, which is a platform that is also available in Spain and has some requirements for you to apply:
- Have the PRO account
- Have at least 10,000 followers
- Accumulate more than 10,000 views on your videos in the last 30 days
- To be over 18 years old
When applying, you must wait between three and five days for the platform to accept you , if you meet the requirements and then TikTok will pay you through PayPal, however it is not very clear how much the social network pays, it all depends on what happens with your content, viewing time, and where your traffic is coming from.
This information is much more precise on platforms like Kwai, which we have also talked about on other occasions, although for now it is not available in Spain.
Finally, you can also make money on TikTok by selling content directly with sponsors who can pay thousands of euros for a single video, as long as your profile has the visibility that they are interested in.