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Can I buy Crypto on Hargreaves Lansdown?
In terms of buying cryptocurrencies directly on the Hargreaves Lansdown trading platform, it's not currently possible due to the lack of infrastructure to support features like an exchange or secure wallet. However, investors can purchase crypto-related stocks and ETFs that are available on open markets. It's important to note that historically, investing in these stocks has not performed as well as investing in the underlying assets like Bitcoin, Ethereum, and Solana.
Best Crypto Alternative to Hargreaves Lansdown
The best alternative to Hargreaves Lansdown to buy Crypto in the United Kingdom is the Uphold trading platform. They offer fast and cheap GBP deposits to trade Cryptocurrencies, Stocks, ETFs, Commodities, Currencies, CFDs, and more. Their platform is also regulated in the UK by the Financial Conduct Authority (FCA).
You can get started in minutes with our simple guide:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want deposit on the Uphold Platform (GBP + 30 more).
- Deposit Funds: Connect your UK Bank account to quickly deposit your selected fiat currency.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
When you complete your trade, your Cryptocurrency will be stored on your Uphold managed wallet. You can withdraw it onto a personal wallet, or keep it on their platform for secure custody.
Will Hargreaves Lansdown offer Cryptocurrencies?
The executive team of Hargreaves Lansdown has not made any comments concerning supporting digital assets on their platform. They believe that equity exposure to digital assets is sufficient for their customers, which our team personally disagrees with.
Investors are better off getting exposure to the underlying crypto assets because they have historically outperformed equities. There are also other risks with holding stock-related crypto assets, such as lack of self-custody or true ownership of assets. Buying cryptocurrencies directly is the only way to avoid centralization risks like we recently saw with the demise of FTX.
About Hargreaves Lansdown
Hargreaves Lansdown is a UK-based investment platform that offers stocks, ETFs, and other products to its clients. It was founded in 1981 by Peter Hargreaves and Stephen Lansdown. The company is headquartered in Bristol, England. As of 2020, it has over 1 million clients and £100 billion in assets under management.
Final Thoughts
To sum up, Hargreaves Lansdown does not offer direct crypto trading, but investors can purchase stocks and ETFs related to digital assets on their platform. However, for UK investors looking for a platform that offers a wide range of crypto assets, we recommend Uphold. Uphold is licensed and regulated by the Financial Conduct Authority and offers fast and cheap GBP deposits to trade over 220 cryptocurrencies, as well as stocks, ETFs, and more.
Investors can get started in minutes by signing up, connecting their account, depositing funds, and buying their chosen cryptocurrency. As of now, Hargreaves Lansdown has not made any comments on offering cryptocurrencies on their platform, but buying crypto directly is the only way to avoid centralization risks.
