Bigo Live is a popular live streaming platform that allows users to broadcast live videos, interact with their followers, and earn money through virtual gifts. These virtual gifts are a form of currency on Bigo Live, which allows users to send and receive gifts during live streams. In this article, we will explain how the money works on Bigo Live.
Virtual Gifts
Virtual gifts are a way for Bigo Live users to show their appreciation for their favorite broadcasters during live streams. These gifts are purchased with diamonds, which are a virtual currency that can be purchased using real money. The cost of diamonds varies depending on the country and the payment method used.
When a viewer sends a virtual gift to a broadcaster, the gift is displayed in the live stream, and the broadcaster receives a portion of the value of the gift in the form of beans. Beans are another virtual currency that can be exchanged for real money. The exact conversion rate of beans to real money varies depending on the country and the payment method used.
For example, if a viewer sends a gift worth 100 diamonds to a broadcaster, the broadcaster will receive a portion of the value of the gift in beans. The exact amount of beans received by the broadcaster varies depending on their level, which is determined by the number of gifts they have received in the past.
Withdrawals
Once a broadcaster has accumulated a certain amount of beans, they can withdraw them as real money. The minimum withdrawal amount varies depending on the country and the payment method used. The withdrawal process usually takes a few days to complete.
Bigo Live also offers a feature called “Cash Out,” which allows broadcasters to convert their diamonds into beans, which can then be withdrawn as real money. The conversion rate of diamonds to beans varies depending on the country and the payment method used.
In addition to virtual gifts, Bigo Live also offers other ways for broadcasters to earn money, such as through sponsorships, paid subscriptions, and advertisements. However, virtual gifts are the most common way for broadcasters to earn money on the platform.
Conclusion
In summary, the money works on Bigo Live through virtual gifts, which are purchased with diamonds and converted into beans, which can then be withdrawn as real money. The exact conversion rate of beans to real money varies depending on the country and the payment method used. With the right strategy and a loyal following, Bigo Live can be a lucrative source of income for broadcasters. Apply today to be a host on BIGO Live