It seems every app or social network has its own virtual currency or has been monetized in some way. TikTok, like the other apps and social networks, has added a virtual currency and monetized the app.
The replacement for Music.ly, the destination for short videos and teenagers is growing steadily. TikTok has become an extremely popular app for music lovers with new users joining every day.
If you’re new to TikTok or are trying to get to grips with it, this tutorial will show you how to get more coins on TikTok.
This tutorial will not show you how to game the system or use hacks to get more items. I’ll only show you the legitimate ways to earn them. While ‘get rich’ hacks do offer instant gratification, these schemes rarely work or pan out in the end.
If you don’t mind the idea of losing your account, go ahead and use the hacks. If you’re in it for the long haul, read on. In this TechJunkie article, I’ll show you how to make a little extra money on TikTok using ethical methods that won’t get you in trouble with TikTok.
What is TikTok?
TikTok took over where Music.ly left off and then moved things on a bit. Where Music.ly was where teens and young folk uploaded 15-second videos of themselves lip-syncing to the latest Beyoncé track, TikTok has widened that to 15 seconds videos of anyone doing anything.
Sure, some of it is creepy, some cringe-worthy but all of it is surprisingly addictive even if you’re slightly older than a teenager.
What are the TikTok Coins?
TikTok Coins are an in-app currency paid for with real money. You can buy gifts for your favorite creators and Diamonds with Coins to give to someone as appreciation for their work or to say thank you.
We have seen this kind of thing before like tipping in Twitch. If you like what you see, you tip a certain amount to show appreciation. The broadcaster makes some change and you get to feel good about yourself for a minute. In a sense, TikTok enables you to monetize you having fun to a certain degree.
Coins vary in value and depend on exchange rates. At the time of writing, 100 Coins cost $0.99 USD and you can buy them in varying amounts up to 10,000 coins at a time.
This system seems to be in flux as not long ago you could buy 300 Coins for a dollar and 10,000 for $122. That has changed now so keep an eye on what’s going on with Coins.
How can you use TikTok Coins?
Once you’ve purchased your TikTok Coins they are stored in your Wallet and can be used only within the app. They are non-refundable and come with the usual limitations that most virtual items come with. The TikTok T&Cs are quite clear and concise for once and can be read here. 
You can only send gifts to your favorite creators on TikTok. Those under the age of 18 (or the adult age in other regions) are no longer allowed to send these gifts as TikTok attempts to protect their younger audience from scams.
Once you’ve purchased coins you can send a gift to another TikTok user when this transaction is complete; you will see the amount deducted from your wallet. Each gift has a different monetary value and is converted to Diamonds by the recipient for cash. Understanding TikTok gifts  is vital to monetizing your page.
The system works a lot like Twitch. You can purchase gifts of varying types with varying values. You can then tip the streamer depending on how much you liked their performance. The more you tip, the more prominent your name and the more likely you are to get a shout out. It’s a feedback loop that encourages the streamer to perform well and encourage the audience to spend money to gain recognition.
How to buy TikTok Coins
Buying TikTok Coins is simple. to learn how to buy TikTok Coins, please follow these instructions:
- Open TikTok and navigate to your profile.
- Select the Settings icon in the top right.
- Select ‘Balance’ from the menu that appears.
- Tap ‘Recharge’
- Select an option for the number of coins you want to buy.
- Confirm your purchase on the next page.
The current value in dollars is displayed next to the selected amount of Coins. This changes due to exchange fluctuations but not by much. Once you select the amount you want to purchase, you are taken to the confirmation page. Here you verify the purchase in the same way you normally would with a card, Touch ID, Samsung Pay, or however else you do it.
Once complete, the number of Coins you bought will be added to the total in your TikTok Wallet. You can now use your Coins as you see fit whenever you want.
Can You Get ‘Free’ Coins on TikTok?
We’ll start out by saying anything “free” is not always what it seems to be. Especially on a social media site like TikTok. As stated previously, the company is making strides to protect users from scams.
These scams range from sending gifts for views and follows to more sinister schemes. It probably isn’t a good idea to send any currency to anyone that you’ve met through the app, regardless of the promises they make.
There are plenty of websites and applications that promise you free coins within TikTok. Before visiting or interacting with any of these promotional applications, remember, you’re risking your TikTok account and your own security.
Many of these websites ask you to input your TikTok login information which is a great way to have your account stolen. If that’s a risk you’re willing to take, then understand you probably won’t get the account back.
Also, TikTok, like many other applications can trigger nefarious hacks based on your phone’s IP address. Think you’ll just create another account? Think again, if your actions go against the community standards (such as a hack) you’ll get a lifetime ban.
Other sites ask you to download information to your computer or phone. Be leery of anything downloaded from the web. That’s another great way to get Malware on your device.