Bits are one of the Twitch currencies (Twitch Bits) streamers use to make money using the platform. Usually donated by viewers in various amounts, these Bits accrue until you have enough to withdraw and then they are transferred to your bank account.
If you want to know how to claim your Bits on Twitch and learn more about other ways of earning money on the platform, you’re in the right place!
Twitch has been around a while now and is currently at the height of its popularity. The ease of use, simplicity in setting up a stream and sheer variety of content on the platform has ensured its continued success.
The ability for streamers to make a little cash while they are streaming doesn’t hurt either I guess.
There are multiple ways to earn money on Twitch, direct donations, sponsorship, affiliates, merchandise and all kinds of stuff.
As a beginner streamer, it will be Bits that make up much of your early earnings. You can also add PayPal.me links to your streams for direct payments but Bits are still king.
Twitch Bits are a currency donated to streamers by viewers to thank them for their work. It’s a donation system that is purely down to your generosity.
Streamers are not allowed to beg or ask directly for donations. Instead, they have to deliver consistently good content that makes you want to cheers them.
Viewers buy Bits using Amazon Payments or PayPal. Once registered with Twitch, you can add either as a payment method and then purchase your Bits.
They are available in 100, 500, 1000 ,1500, 5000, 10000 and 25000 Bit amounts bought in blocks. Each corresponds to a cash amount that varies slightly depending on exchange rates.
Buying Bits is simple.
- Log into Twitch and go to any channel.
- Select Get Bits in the top right of the stream.
- Select the amount of Bits you want to buy and select a payment method.
- Pay the given amount and wait a few seconds for your inventory to be updated.
- The number of Bits you bought should appear.
Cheering with Bits on Twitch
Once you have Bits, what do you do with them? You Cheer streamers to thank them for their work. While you buy in blocks, you don’t have to Cheer in the same amounts. If you’re not sure how much to Cheer, watch a stream for a while to see the average of what is being Cheered and go from there.
To Cheer, type ‘cheer200 keep up the good work’ or something. The ‘cheer200’ part is the number of Bits you’re donating. In this case, 200 Bits. The rest of the message is entirely up to you and purely optional.
Just remember to check the amount before pressing Send. All donations are irreversible so if you accidentally put ‘cheer2000’ instead of ‘cheer200’, you will send quite a tip to the streamer!
Claiming your Bits on Twitch
Getting paid from Twitch is not as simple as it should be. Rather than just being able to withdraw money as you make it, Twitch has a convoluted system that keeps your money for 15 days before paying it out. It used to be 60 days so some things have improved but it is still more complicated than it should be.
You don’t ‘claim’ your Bits in Twitch, they are collected and paid out regularly for you. Twitch Affiliates as one type of earner is called need to earn $100 before they get a payout.
In the early days when you won’t likely earn that much, your monthly earnings are rolled over month to month until you hit $100. Then, 15 days after that point you will be paid.
The system is called Net-15 and succeeds Net-45 which took 45 days to pay you, which in turn took over from that original 60 day payment term. It’s getting better but when banks and other payment systems can perform instantaneous payments, it is still very slow.
Twitch supports payment via bank transfer, PayPal, wire transfer, eCheck and check. Exact payment methods depend on where you live. There is also a cost involved in being paid and it isn’t cheap. This page has the most up to date guides on fees and payments.
Twitch Bits are a great way for viewers to support their favorite streamers and a great inducement for streamers to maintain quality and consistency.
It’s a feedback loop that actually works and alongside other ways to earn on the platform could add a little extra spending money to your life with very little effort, especially if you play games anyway!