Despite their recent fluctuations in value, cryptocurrencies are here to stay. Probably the best way to make money in cryptocurrency is to start a blog and monetize it.
There are several solutions to make money with a crypto blog, and we’ll reveal the most effective ones in the following lines.
But, before we get to monetization, you need to start your blog, so let’s begin with that and continue step by step.
How to Start a Crypto Blog
Starting a crypto blog is no different than starting a blog in any other niche. The steps are the same ones described in our guide on how to start a blog, namely:
- Choosing your blogging platform and host – Click here for an in-depth comparison of the best hosting providers!
- Setting up your domain name and hosting – Follow this link to look up a suitable and available domain name with our Bluehost tool!
- Choosing your WordPress theme – Read a comprehensive review of Divi here and find out all you need to know about Avada here!
Click this link to read our step-by-step guide on how to start a blog!
Now that you know how to start your blog and maybe you’ve already done it, let’s see why blogging is the considered the best way to make money in cryptocurrency and how exactly you can make money with a crypto blog.
Blogging as the Best Way to Make Money in Cryptocurrency – 10 Monetization Opportunities
As mentioned above, a crypto coin blog is probably the best way to make money in cryptocurrency.
Why? It doesn’t require huge upfront investments.
In times when one bitcoin is worth several thousand dollars, and the bitcoin value sees huge fluctuations from one day to another, bitcoin blogs make much more sense than buying the cryptocoins and waiting for their value to grow.
They make it possible to earn crypto coins with minimum to no investments.
Of course, success will not happen overnight, and certainly not without effort and commitment. To succeed, you will need knowledge and willingness to keep learning and improve your skills in:
These will help you optimize your blog for the search engines,boost traffic to it, and turn it into an authority in its niche. The more traffic you get and the more authority you gain in your niche, the easier monetizing your blog will be.
As mentioned above, there are several ways to monetize a crypto coin blog, and we’ll review the most effective of them in the following lines:
1. Affiliate Marketing
Affiliate marketing is performance-based marketing whereby an affiliate or partner promotes a merchant’s products and/or services and receives remuneration for every transaction, website visit, or subscription they draw for the respective merchant.
Amazon has the most popular affiliate marketing program to date, but there are programs available in the cryptocurrency market as well.
The merchants in this niche are usually cryptocurrency trading or lending platforms that will pay you a commission for every new user that signs up through your referral link.
In order to make money with a crypto blog as an affiliate, you usually have to follow three easy steps:
- Register on the platform and get your referral link
- Encourage your blog readers and visitors to register through your referral link
- Receive your commission
Depending on the platform you affiliate yourself to, the commission can range from 20% to 50%. Here are some platforms with rewarding affiliate marketing programs:
- Binance – You can earn between 20% and 40% of the fees your referees pay for their transactions
- io – The rewards available through this program reach 30% of the fees your referees pay for their transactions
- Changelly – This platform will pay you up to 50% of the commissions on your referees’ transactions
- io – This bitcoin lending platform lets you earn 50% of the commissions paid by your referees, and 3% of the commissions paid by their own referees.
- Coinbase – Both you and your referees earn $10 as soon as they trade $100 on the platform
There are many more affiliate programs you can join in order to make money with your crypto blog. Now that you know the basics, it should be easy to identify them and join the ones that seem more rewarding and easier to promote.
2. Sponsored Posts
If your blogging skills live up to your desire to make money in cryptocurrency and you’ve earned yourself an audience, you could convince platforms to pay you in order to write about the services they offer.
You could post reviews on some of the platforms listed above, create YouTube videos teaching your audience how to use the platforms, or write how-to guides and educational articles.
You would act as a micro-influencer so it is important to keep in mind a few aspects:
- In order to find sponsors, you will need to have already built an audience or some level of social media following
- Your sponsors should be reliable platforms or service providers, otherwise you risk losing your audience’s trust and interest
- You will need to create killer content, to engage your audience and leave them wanting more, otherwise no one will want to sponsor your posts.
3. Displaying Paid Ads on Your Blog
Google AdSense is the most popular ad network, and they lifted their ban on crypto-ads a couple of months ago, following Facebook’s similar measures.
If these platforms are not good enough for you, another option worth considering is crypto advertising networks. You can join them as a publisher and earn cryptomoney by promoting their advertisers’ products and services on your crypto blog.
You will want to check TokenAd, A-Ads, Coinzilla, BitMedia.io, and CoinTraffic. Their offers and terms differ, so take the time to review each network and decide if it is worth joining.
4. Writing for Crypto Blogging Platforms
This is probably the best way to make money in cryptocurrency without initial investments. It means writing content for specific platforms and getting paid to do it. Although owning a crypto blog is not mandatory, it is definitely very helpful.
In order to get accepted as a contributor, you need to prove your expertise, and using your own blog as a portfolio is the easiest way to do that.
Moreover, some platforms will calculate their remuneration based on the traffic, followers, and engagements you draw.
If that is the case, you can use your own blog to draw traffic to your paid posts and make more money.
Just keep in mind that each platform has its own publishing rules that you should review and make sure you can meet before you actually start writing.
One of the most popular crypto blogging platforms to write for is SteemIt, through SteemCreate. Besides getting paid to blog, you could also make money by voting and curating other bloggers’ content.
5. Charging Your Readers
It seems fair to warn you that this method will only work if you know what you’re doing, how to pitch readers, and you have something really valuable to offer.
Just like some online publications started to charge their readers before giving them access to specific content, you too can do it. It can be a subscription fee, or a one-time access fee for a specific piece of content.
You can even ask to get paid in cryptocurrency if you wish. How well this method works for you will depend on several factors, such as:
- The specific of your audience and whether or not they can afford to pay your fee
- The quality of your content and whether or not it answers a real, burning need
- How well you pitch the content to your audience, whether or not you can convince them to pay for it
To see if this method to make money with a crypto blog works for you, you can test it on some of your most popular and valuable blog posts. Make part of them available for free, and charge readers or at least ask them to subscribe to your newsletter in order to gain access to the rest.
If they do it, you might be on to something. Any email addresses you obtain at this point could become useful later on.
6. Create Digital Products and Sell Them on Your Blog
Although the number of crypto blogs and platforms offering free advice has increased considerably, many internet users dream of getting rich in crypto coins and have no idea how to do it. You could cater to their needs by writing eBooks, creating video and audio materials, webinars, or courses.
You could use your blog as a business card, to prove your expertise and promote your digital products and skills. There are no limits to how much money you can make this way, other than the ones you set yourself.
7. Airdrops and Bounties
Whenever a new crypto coin is launched or a developer tries to expand their reach, they distribute coins or tokens for free. Many of them do it as part of more complex programs where they also reward users for getting their friends or followers to sign up and claim their share as well.
One of the latest airdrops, ongoing at the time this post was written came from InitiativeQ. New users receive an amount of Q upon signing up with their name and email address, and they can earn more by inviting friends and completing various tasks.
Signing up takes only seconds since you can do it with your Google, Facebook, or Twitter account directly. It will get you over Q1,750, namely ~$1,750 if the attempt of the ex-PayPal guys is successful.
You can then share your referral link on the social media with a single click from your dashboard and earn even more. Of course, there is no guarantee you will one day be able to trade your Qs for real cash
However, since you have nothing to lose, why not invest those couple of minutes in signing up and inviting a couple of friends, or, better yet, inviting your blog readers to sign up following your referral link?
8. Hosting Crypto Events
If your blog gets decent traffic and you’ve made a name for yourself, at least locally, you can organize and host crypto events.
Depending on the specific of the event and how well you market it, you could charge thousands of dollars from your attendants.
For example, after reaching some success as an affiliate marketer and authoring several books and courses, Geno Prussakov founded AM Days and Influencer Marketing Days.
An all-access pass at the AM Days exceeded $2,000 in 2018, and keep in mind that attendance to other events is even more expensive.
Of course, it does not have to be a national or international event. You can start hosting events in your city and expand later, if the opportunity presents itself.
For your event to be a success, you will need to find sponsors, great speakers, and invest some time and effort in marketing it. However, it should be worth it.
To see what others are doing and keep track of upcoming events, check the Coin Calendar here!
9. Speculating and Launching ICOs
Initial Coin Offerings are similar to airdrops. Before launching or expanding, some platforms will sell a set amount of tokens or crypto coins to finance their projects. Many will reward referrals as well.
Depending on your level of expertise, you can identify profitable ICOs and invest in them and/or promote them on your blog, or you can start your own project and launch an ICO to secure funding for it.
Although ICOs are a great way to make money in cryptocurrency, you should only consider them if you are an expert in the field and do everything with extreme caution.
10. Crypto Consultancy and Related Services
This is another way to make money in cryptocurrency that requires extensive knowledge and experience. There are a lot of people out there ready to invest big money in cryptocurrency even if they don’t know much about it.
They will pay for an expert’s advice, so, if you feel up to it, you could become the expert. You could cater to the needs of crypto trade platforms and lenders as well.
Your blog could be an excellent business card, an opportunity for you to prove your expertise and attract new customers.
Final Advice – Choosing the Best Way to Make Money in Cryptocurrency with Your Blog
As you can see, there are quite a few ways to make money with a crypto blog. It is up to you to choose the best one for you, taking into account your knowledge, experience, and skills, your resources, and the amount of time and effort you are willing to invest.
No matter what you decide, it should be obvious to you that your success will depend on several aspects that have more to do with the blog itself and less to do with your niche expertise.
You will need a blog that:
- Loads fast and without issues
- Looks professional, is easy to navigate, and can be accessed from any device
- Is optimized for the search engines and receives consistent traffic
- Publishes high-quality, original, useful, and interesting content
- Converts visitors into subscribers and paying customers effectively
While it is up to you to sharpen your niche-related skills and expertise, we’ve made it our mission to help you start the professional blog that can get you the crypto coins you are after.
To benefit from our advice, all you have to do is sign up to our free 5-day blogging e-course. Also, don’t hesitate to check our resources on starting a blog, blogging tools, monetization, and social media.
We know better than anyone how difficult and confusing starting a blog from scratch and turning it profitable can be. However, we did it, and we’re now making six-figure profits with ours.
Blogging, done right, can help you fulfill any dreams, no matter if they refer to buying a home, owning a stuffed crypto wallet, or visiting your favorite places while money keeps flowing into your account.
Click here and claim your free copy of our eBook, Blogging for Beginners!
You can do it too. All you need is commitment, patience, and some guidance, and you will see for yourself that blogging is the best way to make money in cryptocurrency.
We’re here to take care of this last aspect. If you allow us, we’ll help you build your blog, optimize it, draw traffic to it, convert traffic into money, and build yourself an awesome reputation.
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