Can you make money with Cryptocurrency without trading or investing? Today everyone wants to learn how to make money with cryptocurrency or bitcoin without actually owning them. Let me start by saying that there are tons of ways that you can make money with cryptocurrency if you already own them but it’s also possible to make money off cryptocurrency and bitcoin if you missed the race and you don’t own a single coin.
We’ve all heard many success stories of people who invested $1000 in bitcoin in the early days on bitcoin investment sites that are now millionaires. This is a dream for most people and everyone seems to think that the ship has sailed. I’m here to tell you that there is a lot of money to be made with cryptocurrencies if you know how to do it.
The most effective ways to make money with cryptocurrencies or bitcoin involve some kind of investing such as earning interest on your coins by staking or using an interesting account, mining, lending, or pure investing.
By no means will you be able to make more money if you already own some coins or if you have a big stack of bitcoins hidden in your wallet. If you are completely out of coins you will earn less and it’s a little bit more difficult to get started, however, it is possible.
This is going to be a helpful guide for cryptocurrency beginners who are looking for the best ways to make money online with cryptocurrencies.
In order to make better investment decisions, read our guide on what causes crypto prices to go up and down.
This is a list of the best ways to make money with cryptocurrency:
- Most effective ways to make money with cryptocurrency
- How to make money without owning cryptocurrency
- Speculative ways to make a lot of money with cryptocurrency
Many of these tips include easy-to-use crypto exchanges that offer great tools to make money with cryptocurrencies either by locking your coins up in a staking program, interest account, yield farming pool, mining protocol, lending protocol, DCA investment tool, or a simple buy and hold program.
For each specific way, there will be a detailed explanation of exactly how to get started with making money with your cryptocurrencies. Read through the whole guide to see which method suits you best.
Important! There are some more speculative ways of making a lot of cryptocurrencies in a short time which I will cover at the end of this guide. These methods should only be tested if you are willing to accept the risk of losing money.
Best Ways to Make Money with Cryptocurrency
It’s up to each individual to decide their own preferred risk profile. If you are a more conservative person you might want to choose a low-risk strategy such as staking, mining, or lending. However, if you are comfortable taking on more risk with the increased possible reward you might want to go with a more speculative strategy to make money with cryptos such as leverage day trading, trading bots, or arbitrage trading.
Below is a table of all methods in this guide compared with an added risk factor, how much money is required to start, and how profitable it is.
| Method | Risk Factor | Minimum Requirement | Expected Annual Profit | Source |
| Interest Account | Low | $10 | +12.73% | BlockFI YouHodler Hodlnaut |
| Staking | Medium | $10 | +65% | BitMart PrimeXBT CEX.IO |
| Cloud Mining | Low | $50 | $12,000 | StormGain |
| Yield Farming | Medium | $5 | +218% | Nominex |
| Lending Platform | Medium | $10 | +73% | BitMart CEX.IO FTX.US |
| Dollar-Cost Average | Medium | $10 | +84% | BlockFi TradeSanta NDAX.IO |
| Buy and Hold | Medium | $2 | +69% | Coinbase Beaxy Anycoin Direct |
| Affiliate Marketing | Low | $0 | $6,000 | Binance PrimeXBT |
| Airdrop | Low | $0 | $1,900 | Binance SwapSpace CoinSwitch |
| Earn Free Crypto | Low | $0 | $500 | Coinbase Okex Phemex |
| Get Paid in Crypto | Low | $0 | – | CoinGate |
| High Leverage Day Trading | High | $20 | +2000% | BitMart PrimeXBT StormGain |
| Deposit Bonus | Medium | $2 | $1100 | Beaxy ByBit |
| Trading Bot | High | $2 | +440% | TradeSanta Quadency Shrimpy |
| Copy Trading | Medium | $10 | +150% | PrimeXBT Gate.io Shrimpy |
| Arbitrage Trade | Medium | $5 | +62% | Cryptohopper Altrady ArbiSmart |
Important!
I’ve decided to show the best-case scenarios for each strategy to earn cryptocurrency.
Looking for a different kind of exchange?
See our selection of crypto exchanges that we promote and review.
Choose between low-fee, day trading, fiat-to-crypto, investment sites, high-security, and altcoin exchanges.
Cryptocurrency Interest Accounts
The first method I will mention is how to earn crypto passively through an interest account which might seem a little bit odd to some of the readers but it’s actually a good strategy in making money with cryptocurrencies.
Using an interest account for digital assets is the same thing as using it in the real world with traditional fiat money.
The risk factor is rather low as you are not putting your money into the market directly and you use your digital tokens to make money effectively.
Since this is a rather safe way of making money with cryptocurrencies it also yields less than other strategies and is more suited for risk-averse individuals.
The platform we will be using with this method is called BlockFi which is a regulated cryptocurrency exchange in the USA.
How to make money with cryptocurrency on BlockFi
This will be a quick step-by-step guide so you can start earning cryptocurrencies today.
- Create an account with BlockFi.
- Navigate to the Products tab in the main menu.
- Click BlockFi Interest Account.
- Click Open you Account.
- Follow the Sign Up process.
- Select the coin you want to earn interest on.
- Choose the amount you want to deposit.
That’s how it’s done! You will now earn your rewards in cryptocurrencies with interest with a low-risk strategy. Each coin will yield a different interest rate depending on the open market liquidity and the demand from other investors just like you.
Cryptocurrency Staking
The second smart method to profit from cryptocurrencies is staking which is best done through another US-based cryptocurrency exchange called BitMart.
Staking means that you lock up your coins for a certain amount of time and earn a reward by keeping them locked up. It is a way for the platform to use your digital assets as liquidity and in return, you will earn a percentage of your staked coins.
Staking has a medium risk factor and requires very little knowledge as it is easy to understand. You will be able to start earning passive income by only depositing your selected coins onto the platform.
How to make passive income with staking on BitMart
Now, let’s go over the simple steps to get started with staking on BitMart.
- Sign Up on BitMart.
- In the main menu, click Staking.
- Select the coin you want to stake.
- Click Deposit.
- Deposit or buy the coin if you don’t already own it.
Congrats, you’ve started to earn free income from cryptocurrencies! Remember that you can stake digital assets on other platforms such as PrimeXBT and CEX.IO for different yields and different coins.
Remember that you can convert your cryptocurrencies to cash after you have made some profits.
Bitcoin Exchange Mining
Our third way of making money with your digital assets is with bitcoin cloud mining which is a rather new way of mining coins but it can be very profitable. It is best done through the crypto trading platform StormGain.
Bitcoin cloud mining is the process of solving blockchain blocks to help out with transactions and earning rewards when a transaction is successfully solved. Bitcoin cloud mining requires no equipment and you will earn cryptocurrencies passively daily with increased rewards depending on your mining speed.
Cloud mining is not risky at all since you are more or less guaranteed to earn coins daily as long as you keep mining.
How to make money with cloud mining on StormGain
- Start by signing up on StormGain.
- In the main menu, hover over Products and click Mining.
- Click Start mining.
That’s it! It is really that simple to earn free crypto on StormGain.
Now, remember that your mining rewards will increase depending on your monthly trading volume. If you are a large trader with a high monthly trading volume you can make a lot of money by mining bitcoin on StormGain.
You don’t need to know how to read crypto charts or learn how to analyze cryptocurrencies, just let the miner do the work for you.
Yield Farming
The fourth method is yield farming which is a new concept that is pretty similar to staking. It requires you to lock up your coins during a certain period and in return, you get rewards in cryptocurrency. My recommendation is to use Nominex, a beginner-friendly cryptocurrency exchange with a lot of great features.
When yield farming, you need to deposit the selected coin and lock it up for several weeks, or months, depending on your own preference. This method has a medium risk factor as the yield from the different coins may change during your holding period making it a little bit tricky to find the right asset to stake.
However, when you find the right token to stake it can be very profitable, especially if you can deposit a large number of cryptocurrencies.
How to earn cryptocurrency with yield farm on Nominex
- Create an account on Nominex.
- In the main menu, hover DeFi NMX, and click Personal Farming.
- Connect you wallet by clicking Connect Wallet.
- Add the token you want to stake to your wallet.
- Click Stake.
This is one of the most lucrative ways to make money with your digital assets and remember that you can re-invest your staked tokens on Nominex. This will create a compounding effect and you will earn even more.
Crypto Lending Platforms
In this fifth method, I will show you how to start earning passive income from your cryptocurrencies with a few clicks. This is done by using BitMart, a regulated cryptocurrency exchange based in the United States that has expanded its services and developed an intuitive digital asset lending platform.
Lending digital assets mean that you lend out your coins to someone willing to borrow them. Depending on how much you can lend and the interest rate you choose you can make large profits from your digital assets with this method.
You can think of it as you being the bank and other people come to you for liquidity and in return, they pay you a percentage each month they borrow your cash.
Coin lending is very profitable and it has a medium risk factor due to the volatile market and sometimes it can be difficult to find the perfect borrower. You are more likely to make more money by setting a lower interest rate and lending more digital assets.
How to profit from lending crypto on BitMart
- Sign up with BitMart.
- In the main menu, hover over the left menu tab, click Lending.
- Select the asset you need to purchase to join.
- Now click Subscribe to enter the lock-in.
You are all done! Keep in mind, to be able to earn the maximum of 73% per year you need to lend the maximum amount of bitcoin. This means that if you are a wealthy person or happen to sit on a lot of bitcoins you can make a lot of passive income with your cryptocurrency through the loan market.
Two other ways to lend your cryptocurrencies for passive income are through CEX.IO and FTX.US.
Dollar Cost Average (DCA) Investing
Dollar-cost average investing, or DCA investing is a term that has been around for a long time in traditional finance and is now stepping into crypto. Everyone knows how to do passive investing to make money with digital assets and it’s probably the most used method to profit from this growing ecosystem.
Dollar-cost averaging means that you buy a fixed amount of coins at a fixed rate, for example, you can buy $1000 worth of Bitcoin every month and the system will automatically purchase the coin for you at the beginning of every new month. This is best done through one of the safest cryptocurrency exchanges in the USA, BlockFi.
BlockFi lets you adjust the number of coins you want to buy and also the rate of how often you want to buy. If you want to buy $50 per day or if you want to buy $5000 per day, that’s ok.
How to dollar cost average on BlockFi
- Create an account on BlockFi.
- Fund your Interest Account.
- Select a frequency for your recurring trade (daily, weekly, or a specific day of the month).
- Select the coin you want to invest in.
Now, you will start to invest automatically in the coin you have selected. If you wish to increase your investment or choose another coin, simply fund your Interest Account and choose another token.
Two other platforms that offer recurring trades to make money with crypto are TradeSanta and NDAX.IO.
Buy and Hold
The most traditional and well-known way to profit from digital assets is through buy and hold, or HODL like most crypto fanatics say. This is in my opinion best done through Coinbase, one of the most secure cryptocurrency investment portals in the world. Coinbase also has one of the cheapest bitcoins on the market in terms of fees.
Buy and hold means that you buy your coin for a long-term investment without selling it. You hold for at least a couple of years and sell when prices are high to make as much money as you can from your investment.
Coinbase is a great choice due to its safe infrastructure and user-friendliness.
How to buy and hold on Coinbase
- Create an account on Coinbase.
- Deposit your own fiat currency.
- Select the digital asset you want to buy.
- Choose the amount and click Buy.
Now, keep your account secured with the 2FA verification. Two other exchanges that are recommended to invest in are Beaxy and Anycoin Direct. Both are regulated where Beaxy is focused on US traders and Anycoin Direct is located in Europe. A good way to make the best out of your buy-and-hold strategy is to buy penny cryptocurrencies. These coins are often very undervalued but make sure you pick the right one.
How to make money without owning cryptocurrency
In this part of this guide on cryptocurrency money-making, we will discuss how you can profit from cryptocurrencies without owning a single coin. Yes, that’s right, you don’t need to own coins to start making money in crypto.
These methods will require a little extra work from you but if you are up for the task you can make thousands of dollars or euros from basically nothing.
Those who stand to make a lot of money from bitcoin or other tokens are owners of blogs, youtube channels, or websites about blockchain-related topics. But, even though you don’t own a website it’s definitely possible to make $100 per day from crypto.
Are you looking to become a skilled crypto trader?
Check out our detailed crypto trading guides in our educational center.
You will learn new strategies and how to read charts in real-time.
Affiliate Marketing
Affiliate marketing is the first method that comes to mind when looking at and it’s probably the best way to make money without owning cryptocurrency. If you own a blog, a youtube channel, or a website you can include affiliate referral links to promote certain platforms and crypto projects.
When you send clients to these platforms you earn an affiliate commission depending on how active your referrals are.
The top affiliate marketing projects to refer clients to are:
- Cryptocurrency Exchanges
- Crypto Wallets
When you refer clients to for example Binance, you will earn a percentage of the fees that your referred traders accumulate. I would recommend that you refer clients to Coinbase, Binance, and BitMart if you are looking to promote exchanges and Ledger or Trezor for Crypto wallets.
These are all respected and reputable companies that will take good care of your referred customers.
Cryptocurrency Airdrops
Another great way to earn cryptocurrencies without owning them is to join free airdrops. Airdrops are exactly what they sound like, crypto companies will drop coins on new users that sign up early.
All you need to do is to sign up and wait for the project to send you the coins, completely free. The amount you receive for each airdrop is going to be different for each platform but if you accumulate several airdrops you can make a good amount of coins by basically doing nothing.
One of the best platforms to earn free airdrops are Binance, SwapSpace, and CoinSwitch.
How to earn free crypto from Airdrops on Binance
- Start by signing up on Binance.
- Make a deposit of at least $50.
- Submit your Binance UID to the active Airdrop form to identify and participate.
Visit both SwapSpace and CoinSwitch to take part in even more airdrops and earn more coins for free.
Earn Free Cryptocurrency
This method will require some work from you in form of reading, watching tutorial videos, or answering some basic questions. In return for these tasks, you will get paid in tokens. The token that you earn will be different depending on the platform you use.
In my opinion, this is one of the easiest ways to make quick money with cryptocurrencies. Several platforms offer this “earn” feature and in this guide, I’ve decided to share our top 3 sites.
Here are three of the best sites to earn free cryptocurrencies:
How to earn free crypto
- Visit the recommended platforms.
- Sign up.
- locate the “Earn” tab in the menu.
- Follow the steps for each task.
That’s it! Depending on which site you visit there will be a different amount of tasks but if you sign up for all platforms you will be able to make a good amount, completely free.
Get Paid in Cryptocurrency
This method is best suited for online businesses that are already making money. If you are the owner of a merchant and you earn money from online sales you have the option to get paid in bitcoin and ethereum or other cryptocurrencies.
It is best done with a platform called CoinGate.
Some benefits to accepting crypto payments through Coingate:
- Micro-transcations
- Low fees
- Great Customer Privacy
- Irreversible Payments
When you get paid in cryptocurrencies, the coins will go directly to your digital wallet where they are stored until you make a withdrawal or sell the crypto for cash.
There are some risks and some benefits involved in this way of getting paid but in the long-term, it can be a very good strategy if you believe that digital assets will increase in value over time.
How to get paid in crypto
- Visit CoinGate and create an account.
- Hover the Products tab in the main menu and click Accept Crypto Payments.
- Open a Business Account or Book a Demo Call.
- From here Coingate will help you to start accepting payments in crypto.
You can track orders and manage your earnings very seamlessly through the Coingate application and the registration process is very quick. The accepted digital tokens are Bitcoin and many other major coins. Get started today!
Speculative Ways to Make a lot of Money with Cryptocurrency
In this section of our guide, I will share some alternative ways to profit from crypto and I want to start by saying that these methods are a lot riskier than the previous methods I’ve shared. You should not attempt these methods unless you understand the risks and you are comfortable losing money in the process.
So, if you accept the risks and still want to try these speculative ways to make a lot of money with cryptocurrencies, let’s start. All of these methods require that you either own digital assets or that you are willing to deposit money to invest in the markets.
The most profitable way to make big money from crypto is definitely through high leverage day trading, but, it’s also the riskiest. They also require you to connect with a crypto trading platform or a crypto exchange to do it.
Betting with cryptocurrencies is also an option that is highly speculative and risky but it can yield great returns if you are lucky, check out this site for more info.
High Leverage Day Trading
If you are a good trader or even a decent trader you can make money daily from crypto leverage trading. This is best done on the American exchange BitMart which offers futures trading with up to 125x leverage on many of their products.
Leveraged trading means that you increase your base amount and get more money to trade with. On BitMart you can get up to 125x more money to trade with. This means that you can increase your profits 125 times.
But be careful, it also means that your losses will be amplified by the same magnitude. Also, leverage trading platforms offer ways to short bitcoin if you think it’s overpriced.
How to make money trading crypto with high leverage
- Start by signing up with BitMart.
- Make a deposit by clicking the Buy Coins button in the main menu.
- Now, locate and click the Futures tab in the main menu.
- In the top right corner, adjust your leverage.
- Choose an amount you want to trade and click Open Long to buy or Open Short to sell.
Now, keep in mind to protect your downside risk with a stop-loss order. This is the best safety net for possible losses that might occur. However, if you are lucky or if you are skilled you stand to make a lot of money daily through crypto day trading.
Two other platforms that offer high leverage crypto day trading are PrimeXBT and StormGain. BitMart is best suited for traders in the USA and the others are best suited for traders outside of the USA.
Cryptocurrency Deposit Bonus
With a true deposit bonus, you can make instant money with crypto. You will not be able to withdraw it immediately but if you use it for good trading you have nothing to lose except your own money and if you deposit $500 you double your account in an instant.
This is probably the fastest way to make real money with crypto on a trading platform and this is best done on Beaxy, a US-based crypto exchange that offers up to a $500 deposit match.
You can then use this money to trade with and if you are active enough on the platform you are later free to withdraw the full amount, make sure to read the T&C’s to understand exactly how to do it.
How to make instant money from a crypto deposit bonus
- Click on the Deposit Bonus on the home page on Beaxy and sign up with your details.
- Make the first deposit of up to $500.
- Receive your extra $500 completely free.
Enjoy your free $500 on Beaxy and use it well. If you are interested in another deposit bonus, visit ByBit for a $600 deposit match. With both these deposit bonuses, you can earn up to $1100 in one day with cryptocurrency.
Automated Crypto Trading Bot
You can make money automatically with crypto by using an automated crypto trading bot that trades on your behalf. All you need to do is to select a profitable bot on the TradeSanta platform and let the computer trade for you.
An automated crypto trading bot uses advanced algorithms to trade the markets in ways that humans could never do. This is a new technology and something that is at the forefront of crypto trading.
This is not a 100% guaranteed method to make money and you may lose some money on the way, however, if you choose the right bot at the right time you stand to make free money from crypto trading by doing absolutely nothing.
How to make money with an automated crypto trading bot
- Sign up with TradeSanta.
- Purchase the Plan that suits your needs and wallet.
- Connect TradeSanta to your favorite exchange where you keep your coins.
- Choose a trading bot.
TradeSanta is a very user-friendly cloud-based automated crypto trading software that anyone can use and it doesn’t take an expert to get started. The platform has excellent customer support and video guides that help you along the way.
Copy Profitable Crypto Traders
Crypto copy trading is a way of making money from digital assets by copying other profitable traders and this is best done on Shrimpy, a social crypto trading platform for beginners and experienced traders.
When you copy other traders on Shrimpy you are free to choose from their leaderboard where all the best traders are promoted. If you copy a professional trader you will mirror all their trades while you copy them. If they buy, you buy, if they sell, you sell, and so on.
So, whenever these professionals make money, which is on average very often since they are profitable traders, you will profit as well. In return, you give them a small percentage of what you earned. This way you can make money from crypto trading by doing absolutely nothing, just pick the right trader and wait.
This also has its pitfalls. If you choose a couple of bad traders you might lose out on them, but it’s possible to stop following them until you find a profitable trader.
How to make money with crypto copy trading
- Create an account with Shrimpy.
- Buy a subscription plan that suits your needs.
- Connect your cryptocurrency exchange account to Shrimpy.
- Select between profitable traders.
- Start following.
This new trading technology is pretty amazing and it’s getting more and more popular every week that passes. If you are interested in looking at more platforms that offer copy trading I would recommend Gate.io and PrimeXBT.
Cryptocurrency Arbitrage Trade
Arbitrage exchange trading is not a new thing but still, it is not very common. Arbitrage can be a way of making money with crypto that is completely free of risks depending on the current market situation, and it is best done on Cryptohopper. Arbitrage trade is the action of sending cryptocurrencies from one exchange to another and make money from the difference in prices on both exchanges.
For example, on one exchange Ethereum might be priced at $3,000 and on another exchange, it might be priced at $3,200. If you then buy Ethereum on the cheaper exchange and send them to the more expensive exchange, you have made $200 for free.
This also has its risks as well. If the market is fluctuating a lot and the prices are experiencing high volatility it might be difficult to benefit from the arbitrage trade and on some occasions, you might even lose money on the exchange fee if you have bad timing.
How to make money from cryptocurrency arbitrade trading
- Sign up on Cryptohopper.
- Click the activation link that you receive to your email.
- In the main menu, click Features and then click Exchange Arbitrage.
- Click connect your exchange.
- Choose the exchange where you keep your cryptocurrencies.
- Follow the instructions on the platform.
This is another speculative way to profit from crypto trading and it should only be used if you accept the risks of possibly losing some of your capital. Arbitrage trading can be very profitable and sometimes completely risk-free.
Conclusion
In this guide, I will teach you how to make money with cryptocurrencies in several different strategies. Some of them require that you own crypto before you start making money and some require no crypto at all.
If you already own crypto you can make more money simply because you will be putting your digital assets to work. If you are without tokens you will have to do some extra work but it’s still possible.
The most profitable but also riskiest ways to make money from digital assets are covered at the end of the guide and I’ve chosen to name this part the speculative way. This should only be attempted by individuals that are willing to risk some of their investments.
Good luck!
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FAQ
One of the easiest ways to make money every day with crypto is either through cloud mining, yield farming, staking, and free crypto earnings platforms.
This is completely different for all traders but profitable traders can make anything from $200 – $20,000 in a day.
If you own a lot of digital assets such as Bitcoin and Ethereum you can use these coins to make a lot of money from staking, yield farming, and other investment-oriented products. If you don’t own coins you will not be able to make as much money.
The best way to make instant money with cryptocurrencies is either through deposit bonuses or arbitrage trading. These methods will give you instant crypto and depending on timing and platform the rewards will differ.
You can earn a daily income passively from cryptocurrency copy trading, yield farming, staking, cloud mining, interest accounts, and automated crypto trading bots.