What started off as a mere smartphone app has quickly become a full-blown phenomenon—yes, I’m talking about TikTok. The app, which allows users to post videos up to three-minute long to songs and sounds, is a gold mine of dances, memes, shopping hacks, and even kitchen secrets.
TikTok Live Gifts is a feature that, if active on your account, allows your viewers to react to your TikTok videos and show appreciation for your content.
It contributes to the substantial profits that well-known TikTok creators can now get from their content and is one of the more well-liked ways for aspiring TikTokers to make money on the platform.
How to Set up LIVE Gifts on TikTok
You must be at least eighteen (in most regions) to enable LIVE Gifts, and as we show below, TikTok also places further restrictions on those who can collect diamonds through LIVE Gifts.
To set up LIVE Gifts:
- Tap Profile in the bottom right of your TikTok screen
- Tap the 3-line (hamburger) icon in the top right to go to your Settings
- Tap Creator Tools, then tap LIVE Gifts and follow the on-screen instructions
You also need to approve receiving Gifts on your other videos. To do this, you go through the same steps as above, but in step 3, tap Video Gifts, then tap Turn on Video Gifts to activate the process.
How Viewers Can Send You Gifts During a LIVE Stream
Any viewer can send you a Gift if they like the video you are streaming, much as they can Gift you for your uploaded videos. By making a gift to you, the viewer indicates that they recognize and appreciate your creativity and work.
The process they go through to send you a LIVE gift is:
- During a LIVE video, tap the Gift icon at the bottom
- Choose the Gift they would like to give
- If they need to recharge their Coins, tap Recharge and follow the instructions.
- Below the Gift, tap Send.
Viewers will only be able to LIVE Gift if they see the Gift icon in the comments section of a video.
Collecting Diamonds Through LIVE Gifts
Once you have enabled LIVE Gifting, you can see them as you stream your video. Go LIVE as usual, but you will see gifts pop up as people decide to make them due to liking your content. At the end of your video, you will find the total number of people who have made Gifts to you in your TikTok LIVE summary details.
TikTok notes the number of gifts people give you and awards Diamonds to creators based on the popularity of their pre-recorded and LIVE videos. They base this on a range of factors, one of the most important being the number of gifts people have given them.
To be eligible to receive Diamonds because of your LIVE Gifts, you need to ensure:
- You are part of the Creator Next program
- You live in a location where LIVE Gifts are available
- You are at least 18 years old.
- You’ve run your account for 30 days or more and have at least 1,000 followers
- Your account is in good standing and meets TikTok’s Community Guidelines and Terms of Service
- You aren’t streaming live on a TikTok Business Account
How to turn Diamonds into Cash
TikTok emphasises that Diamonds cannot be bought, transferred, or assigned to any other users. The “selling, barter, assignment, trade, transfer or other disposals of any Diamonds, other than by us, is explicitly banned,” according to TikTok’s Virtual Items Policy. The language of the more recent European Rewards policy has changed, but the meaning remains the same.
However, a creator is always free to check their account balance and withdraw Diamonds in return for money at a rate that TikTok determines based on several variables, including the user’s Diamond balance. To be able to withdraw money from TikTok, a PayPal account must first be linked.
Here’s a list that indicates the worth of some virtual gifts in coins:
- Panda: 5 coins
- Italian Hand: 5 coins
- Love Bang: 25 coins
- Sun Cream: 50 coins
- Rainbow Puke: 100 coins
- Concert: 500 coins
- I’m Very Rich: 1,000 coins
- Drama Queen: 5,000 coins
TikTok’s Diamonds are worth 50% of the value of coins, e.g., if one of your followers gifts you a Drama Queen (worth 5,000 coins), that is equivalent to 2,500 Diamonds. Each diamond is worth 5 cents. So, the Drama Queen will be worth $125. But TikTok retains 50% of what you earn, so when you cash in your 2,500 Diamonds, TikTok will pay you $62.50.
At the moment, TikTok requires you to make a minimum amount of $100 for a withdrawal and not take more than $1,000 a day.