Over 150 million people are playing games in America alone, millions more around the world. Over time, we have not just developed our interest in playing games but watching games too. For the course, watching games is a great way to bust your stress, pass the time, and most importantly, learn that particular game.
We have all followed professional gamers at some point in time to either learn or entertain ourselves with the game we love to play the most. Streamers dedicate time, engage with the followers, and devise ways to make sure that their followers enjoy the stream.
Twitch has facilitated streamers to not only showcase their skills but also earn at the same time. Richard Blevins or Ninja, as he is better known to Twitch users is the highest earner on Twitch with an annual turnover of whopping $5.4 million and earns a minimum of $500,000 monthly from his audience. Do you want to know the secret? Are you an emerging streamer and want to start earning bits by bits too? Read our complete guide on how you can also start earning through Twitch.
Table of Contents
- 1 What are Twitch Bits?
- 2 Twitch Bits to Dollars – Calculate how much are they worth
- 3 How to set up bits on Twitch?
- 4 How to buy Twitch Bits?
- 5 Ways to accumulate Twitch Cheer Bits for Free
- 6 FAQs
What are Twitch Bits?
Bits are Twitch’s official monetary and reward system for streamers. It is a way to appreciate and support your favorite streamer or the one you are currently watching. Each bit has a monetary value associated with it. Once a viewer sends some bits to a streamer through in-stream chat, twitch passes it the streamers account after taking a small cut.
A viewer can accumulate these bits through a few different ways, the most common among which is by purchasing them on Twitch’s platform. There are also a couple of ways to acquire them for free. A viewer can watch ads on the Twitch’s desktop or mobile platform if you are in some demographic regions (more of that later). Unlike YouTube super chats, donations on Twitch is a little bit complicated and is not as simple as clicking a donate button and making the payment. Only Twitch Affiliates and Partners can avail donations through Twitch Bits. To sum it up, bits are a form of digital currency for twitch.
Twitch Bits to Dollars – Calculate how much are they worth
You can start buying bits from the store starting at as low as $1.4, which will give you 100 bits. For every 100 bits given to the streamer, Twitch passes $1 to the broadcaster/partner and keeps the remaining 40 cents to itself. You can cheer your favorite streamer with an animated chat emote. Suppose, typing Cheer1 will produce a bouncing grey triangle and will cost you $1.4.
Similarly, typing Cheer100 will generate a purple diamond and will cost you $1.4. Each numerical value followed with the Cheer keyword represents the number of bits you wish to donate.
How to set up bits on Twitch?
There are no predefined steps involved for activating bits and start accepting donations. However, you should be either one of a Twitch Affiliate or Partner to qualify for accepting donations. Once you become a Twitch Affiliate, you can receive as few bits to as many bits on your streams. If you are a well-established streamer and have a good follower base, you can also set a threshold limit for donations that your subscribers can give you. However, if you are starting with the bits and just become an affiliate, we recommend keeping the threshold value as default which is 1 bit. In return, you can award your subscribers with different badges that they can unlock after reaching a particular donation limit. Later, the viewers can equip those badges which are visible against their name in the stream chat.
How to buy Twitch Bits?
Users and viewers can buy Twitch Bits from the Twitch Store using prominent payment methods. All transactions are powered by Amazon Payments which keeps your payment details safe and secure. Prices of bits start from as low as $1.4 for 100 bits and can go all the way up to $308 for 25000 bits. The cost of the packs may vary with the available discount and occasions. Once you have purchased bits, it will be credited into your account, and you can start donating afterward. To donate bits to your favorite streamer, you can type ‘Cheers’ followed by the number of bits you wish to donate. For example, if you want to give 100 bits, type ‘Cheers100’.
Ways to accumulate Twitch Cheer Bits for Free
If you are looking for working methods to get Twitch Bits for free, there are two known methods. We have tested them ourselves, and they seem to work correctly. Here are the two ways using which you can get Twitch Bits for free. Best part? It works on both computer and mobile.
By watching ads
If you have insufficient bits in your account and still want to cheer your favorite streamer, head to their stream and click on the cheering bit-icon in the right bottom corner. Click the bits icon which will lead you to a window where you can watch advertisements to get free bits. Just click on ‘Get Bits’ and the window will pop a video ad on your screen. Watch the ad without skipping to score as many as 100 bits. However, you will usually get 5 to 10 bits. Read the policies regarding this method here.
By completing surveys
You can also get Twitch Bits for free by completing short surveys. Twitch Research Power Group, abbreviated as TwitchRPG is an official center for surveying different streamers. These surveys promote improvement in Twitch’s features and a lot more. You need to quickly complete the survey to get a reward of 500 bits. Only opt for the survey if you are quick enough and can complete the survey in the given time, failing which will get you nothing. Just sign up on TwitchRPG and start receiving notifications when a sponsored survey is available to be filled.
Are Twitch Bits taxable?
Yes, if you are making a significant amount of money from Twitch Bits, it is taxable just like any other source of income.
Are Twitch Bits refundable?
No, Twitch Bits are non-refundable. Once you have bought them, there’s no way of getting back the money you spent on them. If you accidentally purchased Bits twice, you can contact Amazon Customer Support to know more about the issue and request them for a refund. Therefore, it’s better to buy bits cautiously.
How do I claim my Bits on Twitch?
You can not withdraw your bits manually. Twitch has an automated payment system that keeps the money for 15 days before paying it to you. For affiliates, you can only initiate a withdrawal request after you have hit the mark of $100 on your earning dashboard. Post 15 days of that mark, your money is paid to you.