Without a doubt Twitch is one of the most popular streaming platforms currentlyWith thousands of streamers around the world, it's virtually impossible not to recognize the name. Twitch.
Although video games are the main attraction on Twitch, It has now become a very versatile platform. where you can find a wide variety of content and at the same time, streamers can interact with their audience.
But how does this platform stay active? How does it pay its streamers? It is clearly not the same as YouTube, which pays for views and plays. This platform has its own currency or token that he uses to monetize his streams and the earnings are more like donations from the audience.
This token is called “Bit” and in this article we will learn a little about its value and how the platform works.
¿What are Twitch bits and what are they for??
A Twitch bit is a currency that users in the audience acquire within the platform in order to make small donations to streamers.
Twitch usually takes a commission on donations that streamers receive and these can vary between 30 and 50% for streamers with the largest audience.
Users of Twitch users can give bits to their favorite streamers through “cheers” which is a kind of command in the chat to show support to the streamer. This support will arrive in bits to your Twitch account.
When you want to make donations so You just have to type “cheer” in the chat followed by the bits you want to use. Although it should also be noted that you should not literally write the number of bits you want to send.
In the chat there is a section of symbols and each one has a specific value of bits. For example, there are symbols that are equivalent to 100 bits, others that are equivalent to 5,000 bits, 50,000 bits and there is even a symbol that is equivalent to 1,000,000 bits. In the same way Cheering is a form of social recognition within the platformThe more bits you use, the higher your rank in the chat will be.
How much are bits worth in euros?
Being an exclusive token of the platform, Bit acquisition doesn't have to be complicated. In fact, you can get free bits looking at ads within the platform.
However, over the years and its exponential increase in the number of users Twitch has reduced the number of bits you can get for watching ads.
Thanks to this small detail, the acquisition of bits through advertising has become very inefficient, so It is much easier to buy them on the platform.
This is not very complicated, although, being an American company, Twitch monetizes everything in dollars Therefore you must take into account the conversion to your local currency.
You can buy bits in large quantities, Their prices are quite affordable and you can pay via PayPal, Amazon Pay or Visa or MasterCard credit card. Below is a table with the equivalents in dollars and euros:
| Bits | Price EUR |
|---|---|
| 100 | 1,53 € |
| 300 | 3,28 € |
| 500 | 7,65 € |
| 1500 | 21,81 € |
| 5000 | 70,42 € |
| 10000 | 137,78 € |
| 25000 | 336,79 € |
It should be noted that The price of bits variesSince mid-2021, its price has increased by approximately 40% thanks to the growth of the platform.
Obviously, These are not all the purchasing options that Twitch offersThey also offer discounts for purchasing larger quantities of bits and we will see that later.
Twitch discounts for buying large amounts of bits
When purchasing larger quantities of bits Twitch offers you discounts so you can buy more and more. This is with the intention that the platform users are happy with their service.
Below, we will leave you the discounts that Twitch currently offers you for purchasing from 300 to 25,000 bits on the platform:
| Bits | Price EUR | Discount |
|---|---|---|
| 300 | 3,28 € | 29% |
| 1500 | 21,81 € | 5% |
| 5000 | 70,42 € | 8% |
| 10000 | 137,78 € | 10% |
| 25000 | 336,79 € | 12% |
Let's keep in mind that These are not the only offers that Twitch offers us. In mid-June of this year you could buy 300 bits for €3.28 with a 29% discount applied. However, they usually appear for a limited time.
Also keep in mind that bit season is coming so The platform will soon be offering new offers due to the Christmas holidays.