WHAT ARE TWITCH BITS?
In general, Bits is a virtual currency that is used on the Twitch platform. They look like crystals that can be used directly in a chat with a content creator. With the help of Bits, the user can encourage the streamer’s favorite content.
Twitch Bits are a virtual currency that viewers can use to cheer on streamers. Streamers earn one cent for each bit they receive. However, Twitch takes a 50% cut, so streamers receive $1 for every 100 bits.
Monetization Using Twitch Bits
How it works
- Viewers can buy bits directly from Twitch for $1.40 per 100 bits.
- When viewers use bits in extensions on a streamer’s channel, the streamer earns 80% of one cent per bit. The remaining 20% goes to the extension developer.
- Streamers can encourage viewers to send bits by using the “earned a moment” feature.
Requirements
- Only Twitch Affiliates and Partners can earn money from bits.
- To become an affiliate, streamers need to have at least 50 followers, stream for 8 hours on 7 different days, and have an average of 3 viewers.
- To become a partner, streamers need to stream for at least 25 hours on 12 different days, and have an average of 75 viewers.
Other ways to monetize a Twitch channel Running ads, Sponsorships, Selling merchandise, Donations, and Game sales.
DO STREAMERS EARN MONEY FROM TWITCH BITS?
As far as Twitch Bits are concerned as a monetization tool for streamers, they get $0.01 for every Bit received. Let’s consider an example with a 1000 Bits to USD conversation: a content creator who received 1000 Bits during Twitch streams earns 10 USD.
This way, if you are a streamer, you can encourage your audience to send you Bits during your broadcasts (specifically, you can try this by using the earned a moment Twitch feature).
CONCLUSION
As you can see, Bits are another excellent tool for active interaction between the audience and content creators on Twitch. They can be used for quick greetings (by viewers) and for making money (by streamers). Thus, Bits can become a new source of stable income for the latter.
As Monetization using twitch bits gave you an idea about it. We would like to know your thoughts on so share it in the comments.