What Are Bits On Twitch

1. How To Withdraw Money From Twitch Subscription
2. How To Withdraw Money From Twitch Account
3. How To Withdraw Money From Twitch Without
4. How To Withdraw Money From Twitch Emotes

You might have heard of the term Bits before but it wouldn’t be surprising if you are still wondering what this tasty word stands for, what are Twitch Bits, and how to get bits on Twitch? They are essentially a virtual good comprised of animated emoticons that your viewers could buy on Twitch to show their support for your channel in chat.

The feature is available for Twitch Affiliates and Twitch Partners only, as Cheering with Bits is one of the in-platform monetization opportunities, and hence the exclusivity. But more on how to make money on Twitch through Bits later.

That being said, Bits would not be there if they did not serve a purpose or did not provide any benefits to streamers. Apart from the touched upon monetary aspect, they enhance the viewing experience and community interaction on stream. By Cheering, which is sending a message in the chat with the use of Bits, your audience creates a cool vibe and celebrates interesting moments happening during the stream, supporting you and your channel in the process.

People or other Twitch users can donate money via PayPal or any other third-party app. You can also earn money by the affiliation of Twitch. To become a Twitch Affiliate, you must have to set up a specific category. According to Twitch, to be an affiliate you need to follow some targeted milestone for at least 30 days. You just need to provide Twitch your preferred payment method and they will process the withdrawal 15 days after the end of each calendar month, after you have hit the minimum threshold. We discuss more about payment options here. To configure fund withdrawal settings, go to the section 'My Payments' and click 'Add new withdrawal method'. Next, select the payment system you will use to withdraw funds. Don't forget to enter your account/wallet number. Automatic payments will be made daily at 03:00 am Moscow time. Using an ATM is the most efficient way to withdraw money from your bank account. You can use a Debit card or an ATM card. Debit cards are used to make purchases from a checking account, and can also be used at an ATM. Aug 20, 2018 Monetizing Your Twitch Account. How do Twitch and the stars of its roughly 1.5 million streaming channels make money? For Twitch, advertising dollars come in part from featuring particular games on its sites. The makers of those games pay Twitch for the exposure the site gives them.

It is worth noting that Cheering is available to all eligible Twitch channels globally.

For viewers to support the channel, there is no need to follow or be subscribed. They can simply jump into the stream chat and Cheer, provided they have already purchased Bits for their Twitch account.

How To Set Up Bits On Twitch

There is no hassle involved in this process, Twitch has got you covered. Once you have become an Affiliate or Partner, Cheering will be automatically enabled and you can start accepting Bits. However, you can also control some of the functional settings for your viewers on how to donate Bits on Twitch.

Threshold Control

Despite viewers being able to buy anywhere from 100 to 25,000 Bits at once, you can set the minimum amount of Bits required to be spent to Cheer on your channel.

In order to do that, go to Dashboard > Affiliate / Partner Settings > Bits & Cheering. There you could do what ESL_CSGO has done and install the minimum threshold. It could be 1, 10, 50, or any number you think your viewers will not mind committing.

Then, if you would like to go for even more advanced options, there is the possibility to set the smallest Bit Emote value that can be accepted in your channel’s chat.

For instance, let’s imagine you have a monstrously unique (in a good way) stream coming up that is expected to draw a lot of attention and cause great excitement amongst your viewers. For this short period of time, you might decide to set the minimum Bit Emote value for Cheering, say, at 100. In this case, people will be able to use all Bits colors from purple all the way to red, but not grey, because its value only amounts to 1.

Twitch Bit Badges

Based on the number of Bits your viewers have used, they will be unlocking Cheer Chat Badges that will appear next to their name in chat exclusively for your channel.

They start from the basic grey badge for 1 Cheer to a 1,000,000 badge for one of those committed hardcore fans. Not only do they provide your viewers with recognition for their support, but also enhance the overall chat image and diversity, as there are so many levels to unlock.

In addition to that, although all the above badges are enabled by default, you can choose which ones will actually appear and be available for the viewers on your channel.

To do that, go to Cheer Badge Settings in the Affiliate / Partner Settings tab on your Dashboard. If you wish to disable any of the Badge Tiers, simply disable them. You can restore them at any moment in the future.

That being said, there is also a cool feature you could implement. Both Twitch Affiliates and Twitch Partners are allowed to offer their viewers custom designs and names that will appear in chat beginning with 1, 100, and all the upper tiers, instead of the original unlockable Bit Badges. Such customization will enable you to enhance the branding of your channel, crafting its distinctive identity for the users and further improving the relationship with them.

To install your Custom Bit Badges, you will be required to upload three .png format images in the following sizes: 18 x 18px, 36 x 36px and 72 x 72px. While doing that, you can also input the desired badge name for each tier. This is basically how to set up Bits on Twitch in your own style and give more tangible rewards for your audience.

Partner Cheermotes

Available to Partners only, Twitch offers an exclusive opportunity to add custom Cheermotes for every tier of Bits, from 1 to 10,000.

Depending on your preferences, you could design them in such a way that viewers at the highest tier receive a very animated Cheermote, compared to people at the lower ends to provide a proportional value of benefits.

In your Partner Settings dashboard, you will be able to upload images in a .GIF format for every Bits tier, with some of the available advanced options, like the ability to tweak the animation type and chat background color.

Important note: Both Custom Bit Badges and Cheermotes are subject to Twitch’s Terms of Service and Community Guidelines. That means that you must refrain from using any obscene designs that might prove to be offensive to the users, especially given that Twitch is a global community with people having diverse cultures, ages, social norms, and perceptions as to what constitutes inappropriate content.

In addition, make sure that the artwork that you upload is unique to you and does not violate any third party intellectual property rights. Not only will they be subject to legitimate DMCA take-downs, but also shed some negative light on you and your channel.

Top Cheerers Leaderboard

This feature allows for the display of the top 3 Cheerers covering either a weekly, monthly, or all-time period – the time range could be chosen and changed by you individually at any time. The Top Cheerers option could be controlled in Settings via the dashboard.

Should the viewers want, they can also expand the leaderboard in chat to see the top 10 Cheerers and their own ranking, while the top 3 are granted special chat badges for their contributions. This is a great way to give your viewers even more value, building loyalty and proximity in the process.

Tips: How To Encourage Viewers To Send You Bits

• Exciting and high-quality content: it is a common notion that content is king and certainly the case in streaming. Make sure to serve your audience something that is not conventional and has exciting moments in it. Cheering often happens when there is something cool occurring on stream and viewers just cannot help but express their emotions and celebrate the moment with the community in a distinctive way through Bits.

How To Withdraw Money From Twitch Subscription

• Entertaining personality and interaction: what you bring to the table through your own personality is also an important aspect that could encourage people to support the channel. If you are someone who does not mind banter, enjoys social interaction, and can essentially bring fun and positivity through the screen, then viewers will be more inclined to Cheer you in chat.

• Create consistent stream schedule and awareness: it is important that people know when you usually go live to be able to turn up in numbers and increase the chances of getting Bits sent your way.

• Give value: if you know how to play a certain game or two particularly well and feel confident sharing useful knowledge regarding winning tricks and general advice on how to become a better player by improving the necessary skills, it will surely raise the excitement levels and encourage viewers to ‘tip’ you.

How To Withdraw Money From Twitch Account

• Do not ask directly on stream: you do not want to be that person who shows up and directly asks their audience to send you Bits while streaming. Although you might not have any bad intentions, this will act as more of discouragement, as Cheering is a completely voluntary activity on the part of viewers. Instead, write a funny but natural note in the description that your channel accepts Cheers, so people are aware they can interact with you this way.

For extra information on the topic, we recommend reading our specific guide on How to set up Bit donations on Twitch.

How Much Are Bits Worth On Twitch

For every Bit used to Cheer in chat, both Twitch Affiliates and Partners receive 1 cent.

To provide a better overview of the Bits to dollars Twitch conversion, we have prepared a table that will show exactly how much streamers get, depending on the number of Bits Cheered.

Despite the initial numbers looking insignificant, it is possible to get hundreds and thousands of Cheers during a single stream and see the value add up substantially.

FAQ: Claiming Twitch Bits

1. Is there a minimum Bits amount to withdraw?

There is no set minimum of Bits value per se. But, in order to withdraw funds from Twitch, you need to achieve a $100 threshold from all revenue streams, including Bit donations, in any given month to claim your money.

2. Do I need any technical skills to get my money?

You just need to provide Twitch your preferred payment method and they will process the withdrawal 15 days after the end of each calendar month after you have hit the minimum threshold.

3. Are Twitch Bits refundable?

No, once a person has purchased Bits and then decided to Cheer for you in chat, you are protected against any chargebacks. No matter how big the donation is.

4. Do I have to pay taxes on Twitch Bits?

Most likely, yes. Since they form a part of the revenue generation, you, as an Affiliate or Partner, have to provide Twitch your tax identification data. Depending on the documents you submit, you might be eligible for a discounted rate or exemption from taxation altogether. We recommend consulting a tax professional in your country of residence on this.

Pros And Cons Of Bits

Pros:

• Convenience: even the smallest of amounts i.e. less than $1 could be donated

• Audience satisfaction: the most active users are rewarded with badges and leaderboard placements

• Security: have your Bits donations safely stored within Twitch before a withdrawal

• Moderation: users who Cheer with inappropriate Bits could be banned and timed-out by streamers

Cons:

• Small share: with 1 cent given to a streamer per Bit used, they need to come in big numbers to add up to a decent amount

How To Withdraw Money From Twitch Without

• Ratio inequality: compared to conventional Twitch donations sent directly to the streamer’s account, Bits command a higher spending ratio per dollar – 1:1 (donation) vs. 1.4:1 (to purchase a minimum of 100 Bits)
• Payment methods: only Amazon Payments and PayPal are currently supported in most countries, and additional international transaction fees could also apply

How To Withdraw Money From Twitch Emotes

Conclusion

Twitch Bits are a great way to interact with your community, reward them for their commitment in the form of unique badges and leaderboards, as well as make some money off their activity yourself.

Although the revenue share is somewhat low, it is no coincidence that Bits are the most used feature to ‘tip’ streamers, given the fun and community engagement part of the process.

As Twitch constantly improves its services, it remains to be seen how the Bits feature and its usage evolve with time.

Spread your love for Bits and share this article with your streamer friends on Twitter, Facebook, and/or Linkedin.