i have recently bee uploading vines compilations onto youtube and am wondering what is the best way to monitize the traffic since i cant monitize through ads on youtube due to copyright
Depends. Are you talking about monetising it once the (potential) viewers are already watching it, or following links from another site? Because if it's the latter, something like AdFly might make sense for you.
Adsense and CPA offers would be your best bet.
Post the videos and in the comments use a few fake profiles and put up stuff like "Free iPhone 6 here *insert link* " . Insert link to CPA offers.
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