Diamonds are the premium virtual currency used on Bigo Live. They allow users to purchase virtual goods and services, gifts, and other premium features. There are no other currencies in Bigo Live – everything must be purchased using diamonds. This includes tipping broadcasters, buying special effects, etc. Users can obtain diamonds by topping them up directly on SEAGM. Various denominations are available to choose from.

Here are the main ways diamonds can be used on Bigo Live:

1. Tipping broadcasters – Diamonds allow you to show support and appreciation for streamers by tipping them during live broadcasts. This is a core part of how many make money on the platform.
2. Buying virtual gifts – A selection of digital gifts like flowers, hearts, cars, etc. can be purchased with diamonds and sent to broadcasters or other users.
3. Unlocking effects for streams – Filters, stickers, animations and other creative effects are available for purchase to liven up your own streams.
4. Premium features – Diamonds grant access to upgraded features like HD viewing, custom rooms, special badges and more benefits.

So in summary, diamonds facilitate support for content creators, interactive gifting between users, customization of streams, and access to premium account upgrades – acting as the core virtual currency of the Bigo Live community and economy.