Twitch bits make the Twitch world go round. It is the way the followers interact with their favorite streamers and one of the ways content creators on Twitch receive financial gain for their hard work. However, what’s the difference between Twitch bits and donations? How much is the bits-dollars conversion rate?
Today’s article deals with that, and more on Twitch bits in general.
If you’re a Twitch streamer, you know how helpful those bits can be, both as a show of support from your community and the resulting monetary gain. If you’re among the top earning Twitch streamers, you know how a heap of bits essentially means dozens or even hundreds of thousands of dollars every month!
As of the moment of writing (November, 2020) 963 billion minutes have been watched this year on Twitch, and the year’s not even over yet. This amount is staggeringly high, and the Twitch community has never been larger before.
Twitch bits form the links of this ever-growing platform, and having firm knowledge of how Twitch bits correspond to real-life currency represents the basis of every aspiring streamer out there.
What Are Twitch Bits?
A Twitch bit is the official currency on Twitch, and is used primarily as a means of financial support for streamers and a reward system for the dedicated fans. The people who watch the content can use those bits to interact with the streamers and show their support, and the streamers respond to the supportive gestures and receive monetary value that is associated with each Twitch bit.
Observed through the solely financial aspect of this interaction, it means that stream viewers, who have bought the bits with currency, send bits to streamers via Twitch, who after taking a small portion of it for themselves, convert those bits back to currency for the streamers.
But how are Twitch bits different from regular donations?
The Difference Between Twitch Bits and Donations
To start with, Twitch bits are the only official digital currency on Twitch platform. Twitch platform regulates the flow of Twitch bits, remains responsible for all “transactions”, and guarantees the quality of their service. What you get with bits is verified by Twitch.
Another thing worth mentioning: Twitch bits are available to Twitch affiliates and partners only. Unless you have one of those agreements with Twitch, you cannot access Twitch bits.
On the other hand, donations are free for all. You can set up a “Donate Here!” button and attach it to your streams. The downside of relying on donations is that you’ll have two use third-party software in order to cash in the support. Plus, you don’t get supportive emojis that are a sort of an integrated support, but you have to resort to directly asking people for money. No bouncy colorful figures, sadly.
Thankfully, you can have a mix of both. Nothing prevents you from both using Twitch bits and receiving donations. As a matter of fact, most top-tier streamers do just that! If you’re interested in learning more about Twitch donations, we’ve got you covered in the article here.
Twitch Bits worth in USD
The charm Twitch bits have lies in the fact that you’re not actually giving streamers money, at least not directly. You pay for “emojis” to Twitch, and the site “rewards” streamers with a big chunk of money that you’ve paid for the emojis. That said, it is simple enough to calculate how much money bits cost in USD, and how much USD the streamers receive for bits.
Twitch users can get Twitch bits by making a purchase in the Twitch store. Bundles of bits can be purchased in various numbers, but the lowest amount users can buy is 100 bits for $1.40, and the largest bits package is $308 for 25,000 bits. These numbers, however, aren’t fixed and tend to vary somewhat with discounts and specials. When viewers type “Cheers” followed by a number (e.g. “Cheers1000”), they donate the amount of beats equal to the number they typed. Simple enough!
Twitch streamers receive $1 for every 100 bits that they get from their viewers via “cheering”. You don’t need quick mental arithmetics to calculate how much you receive each time you see an emoji: 100, 500, 1000, 1500, 5000, 10000, and 25000 bits all come with different animated cheer emotes!
More Ways to Get Twitch Bits?
And yes, there are ways to obtain bits for users who aren’t willing to pay for them. Two ways of getting bits for free exist:
- Watch ads. By clicking “Get Bits” in the lower-right corner of the stream window you’ll have an ad pop up for you, and you get up to 100 bits per ad watched! The average sum of bits per ad is 5-10 bits, though.
- Complete surveys. A survey group, TwitchRPG (nice one, heh) stands as the official center for surveying different streamers. To promote honest opinions that first come to your mind they set a time limit on your survey, in case of which you exceed the limit, you get nothing. However, doing it quickly can get you up to 500 bits!
Finally, How to Get Twitch Bits For Me?
There’s no pre-defined setup for this, you get them as soon as you opt for this method. However, as noted above, you need to become a Twitch Affiliate or Twitch Partner in order to use Twitch bits. In essence, you have to dedicate at least a good part of your working week streaming, and a couple of other requirements.
Motivating Your Community to Cheer More
If you’ve decided on using Twitch bits as your primary Twitch source of income, you might consider streamlining your streaming activity.
For example, make a schedule that you’ll stick with. If you’re irregular or make frequent and long gaps between streaming, you’ll provoke the ire of both Twitch and your supporters. A regular schedule, however, can ensure steady supply of cheers.
Make your streams interesting. Do what other people wouldn’t. Remember, you have an audience to entertain. Be creative! After all, Twitch is the place you can place all your creativity into. Play games your own way, or do things better than anyone else in the niche.
Finally, show your love towards the community. Amiable people tend to win the sympathies of many. Include them in your content frequently, give shoutouts, form loyal follower base. Be a streamer you yourself would watch in your free time.
If all is well, your bits will grow to heaps. Streaming can turn into a high-income career, and feel free to quote us there!