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Buy Crypto or Bitcoin with Hargreaves Lansdown

Buy Crypto or Bitcoin with Hargreaves Lansdown

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March 15, 2023
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Summary: Hargreaves Lansdown does not directly offer Bitcoin and cryptocurrency trading on their platform. The only way to get exposure to digital assets on their platform is to buy stocks and ETFs related to cryptocurrencies. However, this is an expensive and inefficient method that typically underperforms assets like BTC and ETH.

If you are looking for a trusted broker in the UK for crypto assets, we recommend Uphold. They are a London-based and FCA-licensed crypto broker that offers over 220 cryptocurrencies with zero fees and instant GBP deposits from any UK bank account.

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Best Hargreaves Lansdown Crypto Alternative

Platform Highlights

  • Licensed by the Financial Conduct Authority (FCA) in the UK.
  • Offers 220+ Cryptocurrencies and a wide variety of Stocks, ETFs, Commodities and other assets.
  • Fast and cheap GBP and EUR deposits from any bank in the UK or Europe.
Hargreaves Lansdown - Uphold
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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:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (GBP + 30 more).
  3. Deposit Funds: Connect your UK Bank account to quickly deposit your selected fiat currency.
  4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Deposit GBP Hargreaves Lansdown

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.

Hargreaves Lansdown
The Hargreaves Lansdown Brokerage Platform.

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.

Dylan Matthews

Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.

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