TikTok Stock: What is TikTok Stock? Is the Stock worth Investing In? How and Where to Buy It

Making decisions of what stock to invest in can be quite difficult as there are many stocks out there and each of these stocks come with its risks and benefits. As a smart investor, you must make the necessary research before delving into any investment to limit your risk of losses. One of the popular stocks out there today is the TikTok stock, have you heard about it? Are you considering investing in it? Do not worry! In this article, we shall be bringing you details about the TikTok Stock and how you can safely buy it.

1. What is TikTok Stock?

Tiktok stock is owned by a private-owned Chinese company that is known as ByteDance Investment. The company is partly funded by Sequoia Capital China but Walmart and Oracle will now share a 20 per cent stake in TikTok Global due to certain security-related actions taken by the US in 2020. This allows various investors to buy TikTok shares.

Over the years, TikTok has witnessed a massive growth due to the increase in the numbers of its us and at the present, there have been more than 2 billion downloads of the App on Google Play Store and Apple Play Store. An average of 700 million people uses TikTok daily.

TikTok success can be linked to the fact that it is one of the most adopted video streaming Apps all over the world and it is loaded with amazing features and great algorithms that keep attracting users to it every day. TikTok videos are usually short- about five seconds to one minute and they can be customized using highly sophisticated editing tools, these videos can also be shared. With these sophisticated editing tools, TikTok users can easily make quality and satisfying videos all on a free App. This is quite amazing and no wonder it has millions of users. You can easily add filters to your video, add and customize the speed, make cts for takes, and do lots of other fun-filled editings. Try to check through the App today and you would be amazed at the quality and amusing features that it is loaded with. The Company in Charge of TikTok- the ByteDance is a private-owned company and so this makes it quite difficult for anyone to be able to know the accurate amount that the App is worth, but you sure should be able to get an idea of how huge such App with a large number of users would have.

Though investing In social media comes with its own risk as nobody can tell what can happen to the platform at any time, it is still definitely worth trying out! Presently, the TikTok stock cannot be directly bought by the public as it is a private-owned company and their IPO has not been launched, you can however buy it indirectly from Walmart or Oracle once their deal with ByteDance clicks. You can as well wait for the company to initiate their IPO which will enable the public sales of their stock.

2. How to Buy Shares in TikTok Once it Initiates IPO

Buying TikTok Stock once it gets listed is just like buying any other stock on the exchange platform. Follow these steps to buy the TikTok Stock:

2.1 Go Through Various Trading Platforms and Compare

You cannot just join any stock trading platform without making your necessary findings if you are not on any stock exchange platform before. There are so many stock trading platforms today and each of these platforms has its unique policy, charges, and bonuses. Each platform has various stocks listed on them. To be on track, check through the various exchange platforms available, look for the one that terms and policy best suits you and then choose it.

2.2 Sign Up and Fund your Account

After deciding on what platform to use, the next thing to do is to open an account with them. Most platforms would need some personal details from you while signing up. Details like your email, your phone number, your full name, and sometimes your home address. After you have done this, go ahead to put some funds in your brokerage account. This would require some of your bank details and so that is one of the reasons that you should be sure of the exchange platform you are using to be safe from scammers.

2.3 Use the Search Box

After funding your brokerage account, the next thing to do is search for the stock you are buying, which in this case is TikTok. To do this, type in TIKTOK in the search box and you would see the stock pop up. After it pops up, click on it.

2.4 Input the Amount and Order Type of Your Choice

Once you have the TIKTOK on your screen, specify the quantity of the stock that you intend to buy, making sure that you do not do any mistakes. There is also a part where you might have to choose what order type you want, there is the market order and the limit order. The market order allows you to get the stock immediately after you buy it while the limit order delays the order and only sends it when it gets to the price you want. Choose any of these orders as it best suits you.

2.5 Double Check for Errors

This is very important! After you have input all entries, ensure you read through again from the beginning to the end to be sure that you have not typed in anything wrongly. Wrong entries are not reversible most time.

2.6 BUY

After you have gone through all your entries and you are very sure that there are no errors, initiate the buying process by clicking on the buy button. And that is All!

3. Various Trading Platforms to Buy Your TikTok Stock From Once it Goes Public

3.1 Webull

Webull Cryptocurrency Exchange is another leading one. This platform is known for trading only top-leading currencies and it is also quite easy to use.

The deposit methods available on the platform include Wire Transfer and Bank Transfer. There are 8 cryptocurrencies available on the site and the fiat currencies available include USD, INR, JPY, EUR, GBP, HKD, CHF, AUD, CAD, and CNY.

3.2 Robinhood

Robinhood Cryptocurrency Exchange is easy to use and the platform trades cryptocurrencies that are topping the market.  The deposit methods available on the platform include Debit Card, Bank transfers, and Cash. There are 17 cryptocurrencies available on the site and the only fiat currency allowed is USD.

These exchange platforms, and so many other ones are the platforms you can buy TikTok stocks from. Be sure to weigh out the policies of these platforms and to go for the one that best suits you.

4. Choosing the Best Stock Trading Platform to Buy TikTok Stock

There are certain factors that you should put into consideration when choosing the exchange platform to buy your TikTok Stock from especially if you are a first-timer. Here are some of the factors:

4.1 Is It a Trusted Platform?

This is very important. You are going to be sharing very personal details of you including your bank details when signing up on a stock trading platform and so you should be very certain of the reliability and trustworthiness of that platform. Check out for its developers, and also try to check if it has a reasonable number of users before you sign up. There are so many scam sites out there so you would want to be very careful.

4.2 Is the Platform Socially Active?

There is some stock trading platform that comes with social media features. This part of their platforms allows you to easily interact with other investors and to rub minds together. It is also a great way of learning and staying up to date with what is up in the stock market and various tips, updates, and strategies are shared.

4.3 Is the Platform suitable for beginners?

As we said, there are so many stock trading platforms; it is however not all these platforms that are very good for beginners. If you are new to the stock exchange, you should only go for stock trading platforms that are easy to use and that have great offers for beginners. Go for platforms whose app and website is easy to surf and easy to understand to avoid complexities and errors while buying your stocks.

5. Conclusion

TikTok is one most popular and trending social media platforms today and we are sure that you are aware of that. Investing in stock from such a company seems to be an interesting and great idea although it comes with its risks- which is typical of all investments, we are sure that it is worth it.