Can I buy Crypto on Hargreaves Lansdown?
The Hargreaves Lansdown trading platform does allow investors to buy or sell cryptocurrencies like Bitcoin or Ethereum. This is because they do not have the infrastructure needed on their App to support Crypto features like an exchange or a secure wallet.
This means that you can only buy Crypto-related stocks and ETFs available on open markets. Crypto stocks have historically been a bad investment that has underperformed the underlying assets like Bitcoin, Ethereum and Solana.
Best ISA Crypto Alternative to Hargreaves Lansdown
The best alternative to Hargreaves Lansdown to buy Crypto in the United Kingdom is the eToro trading platform. They offer fast and cheap GBP deposits to trade Cryptocurrencies, Stocks, ETFs, Commodities, Currencies, CFDs, and more with up to 10x leverage. Their platform is also regulated in the UK by the Financial Conduct Authority (FCA)
You can get started in minutes with our simple guide:
- Step 1: Sign up to the eToro UK platform (GIA, ISA, Personal, Company, Pensions & Savings accounts available).
- Step 2: Select the 'Deposit Funds' button at the bottom of your eToro dashboard.
- Step 3: Select your preferred fiat currency and payment method to deposit from your Bank Account via Transfer, or Debit Card/Credit Card.
- Step 4: Once the fiat hits your account, you can buy any Crypto or other assets available on the platform.
When you complete your trade, your Cryptocurrency will be stored on your eToro 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.