Making money on cryptocurrency without investing - Method #1

Many people wonder how to make money on cryptocurrency without investing, especially when the world is in a difficult economic situation. There are several types of Bitcoin and altcoin earnings. They differ in the effort that will be required of you and the economic potential that you can count on. Below we will describe each method in detail, point out its pros and cons, and give examples and algorithms.

Is it possible to earn cryptocurrency without investing?

There is always an opportunity to earn passively. For example, staking programs with USDT can bring up to 12% per year. That is, investing 100 thousand dollars, you will get 12 thousand dollars in a year by doing nothing. But this is if you have some start-up capital. If you don't have it, earning on cryptocurrency is still available to you. Say, free NFT games with withdrawal. There are not many of them, but they are available.

Method 1. Cryptocurrency affiliate programs

Making money on Bitcoins without investing is available to customers of most cryptocurrency exchanges. Usually, such exchanges use several methods to attract new users. Among them - are affiliate (or referral) programs.

The essence of the affiliate program is that the registered and verified user receives a personal link. He can place it anywhere at his will. Every person who follows this link and starts trading at the site will bring bonuses to the owner of the link.

As a rule, bonuses are given out in a working token of the site or some cryptocurrency. Example: You invited an acquaintance to the Binance cryptocurrency exchange. Depending on your activity on the site, you can get up to 50% of all trading commissions for this referral, which he pays to the exchange. Of course, the more referrals, the bigger the payout.

When thinking about how to make money on cryptocurrency, consider a special kind of affiliate program available to authors of popular blogs. The author places a referral link on his blog and receives payments for each user who clicks on it and starts trading on a cryptocurrency exchange. Such programs are usually more profitable than standard affiliate programs because the payouts are larger and the potential reach is wider.

Pros and cons of affiliate programs

Main advantages: you don't need to trade on the platform to get bonuses. Affiliate programs do not require starting capital. You only need to place an affiliate link almost anywhere, inviting everyone in a row.

Main disadvantages: you have to be socially active to earn well. Bonus payments are usually made in working token, which needs to be converted to your convenient cryptocurrency, and this requires commission costs.

How much you can earn

Let's take the affiliate program of the cryptocurrency exchange Kraken as an example. Here, cryptocurrency earnings through referrals are 20% of their trading fees. Let's say your referral closes three trades a day and pays $1, $10, and $100 commissions for them. You receive 20% of each commission, i.e. $0.20, $2 and $20. In total, you will earn $22.2 per day from one active affiliate.

Best affiliate programs of 2022

With ByBit you earn 10% of sub-affiliate commissions + 30% trader commission bonus.

With Binance you get up to 50% of your referrals' trading commissions (the amount of the bonus depends on your activity).

With Huobi you receive 30%-40% of your referrals' commissions (the amount of the bonus depends on the status of your account).

In the next article, we will look at method #2.

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