How To Buy Bitcoin & Crypto with LHV Bank Securely
Mike Harry
Feb 2024
5 min read
Fact checked
LHV bank customers wanting to buy cryptocurrencies like Bitcoin and Ethereum can easily and safely do so via eToro and Uphold. These platforms are regulated in Europe and really easy for total beginners to use. Signing up only takes 2 minutes, is free of charge and you can then buy 100s of different digital assets. Once you have registered, you can safely deposit funds from your LHV account via bank transfers or by using your credit/debit card.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Can I Buy Crypto With LHV Bank?
Although it is not possible to make direct purchases of cryptocurrencies through LHV Bank, customers can still acquire digital assets indirectly by using their LHV Bank account.
To do so, customers can connect their LHV Bank account to a regulated cryptocurrency exchange such as eToro or Uphold in order to deposit fiat currencies like EUR, USD and many others.
How To Buy Crypto With LHV Bank?
The first step to safely and securely engage in cryptocurrency trading is to create an account with a regulated exchange.
We recommend you sign up for eToro or Uphold, both of which are user-friendly, and offer a diverse range of cryptocurrency options to buy and sell.
With eToro and Uphold, the signup process is free and quick to complete. After completing the sign up, you can link your LHV Bank account and make a deposit.
Bank deposits are free of charge while credit/debit card transfers have a small fee.
The benefit of card transfers is that funds arrive instantly whereas bank transfers can takes 1 business day before they arrive.
Once you have deposited funds into your account, you can start buying and selling 100s of digital assets like BTC, ETH, SOL, DOGE, ATOM, DOT, ADA, ARB and many others.
How to sign up
1. Create Account: Signup and add your identity verification. 2. Deposit Funds: Via your LHV account or credit card/debit card. 3. Start Buying: Once your deposit has arrived in your account.
Does LHV Bank allow crypto purchases?
LHV Bank offers its customers convenient and hassle-free access to conventional banking services but does currently not offer any access to the cryptocurrency market.
This is why the best way for LHV customers to get exposure to the crypto landscape is by using regulated third-party exchanges that are easy and safe to use.
Buy crypto with LHV Bank Credit Card?
As a customer of LHV Bank, you have the benefit of using your debit or credit cards to deposit fiat currencies to regulated cryptocurrency exchanges.
This means that you can easily buy and sell cryptocurrencies without having to worry about the hassle of going through a physical bank or exchange. We highly recommend that you use regulated exchanges to avoid any potential issues that may arise when depositing or withdrawing funds.
Is LHV Bank crypto friendly?
Although LHV Bank does not currently provide any services related to cryptocurrencies, it is still considered to be a friendly bank towards crypto enthusiasts and investors.
LHV Bank allows its customers to seamlessly connect their bank accounts or debit cards to licenserd third-party while not being known for being a bank that imposes any limitations in this regard.
About LHV Bank
LHV Bank is an Estonian banking and financial services company that was founded back in 1999. It started off as an investment banking firm but quickly expanded to become a full-fledged bank offering a range of products and services to its customers.
The bank has grown consistently over the years and is now one of the largest banks in Estonia. LHV Bank serves both individual and corporate clients and offers a range of services that include personal and business banking, investment management, and financial advisory services.
LHV Bank's customer base has grown to over 215,000, which is a solid achievement for a bank that is primarily focused on providing banking services within Estonia.
LHV Bank's services are primarily available in Estonia, but the bank has also expanded its footprint into other countries such as Latvia, Lithuania, and Finland.
Today, LHV Bank offers a range of products and services to its customers that include savings accounts, credit cards, loans, and online banking solutions.
The bank also offers investment management services through its subsidiary, LHV Asset Management, and financial advisory services through LHV Pank Wealth Management.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.