Can I buy Bitcoin with PNC Bank?
No, PNC Bank does not currently support the investing of cryptocurrencies directly through its banking platform. Although, they have no issue with their customers using the funds in their accounts to invest in digital assets. If you want to buy crypto with PNC bank, you will need to use a cryptocurrency investing platform like eToro US.
How to buy Crypto with PNC Bank
The fastest and easiest way to buy cryptocurrencies with PNC bank is through eToro US. On eToro, PNC bank account holders can deposit funds via Bank Transfer, Credit Card, Debit Card and Skrill. Follow the below steps to buy crypto with PNC Bank.
- Sign Up: Open a free account on eToro and complete the KYC requirements.
- Deposit USD: Tap ‘Deposit Funds’ on your home screen, select a method and fund your eToro account with USD from PNC bank.
- Find Token: Go to the search bar and type in the token you want to buy, then click ‘Trade’.
- Buy Crypto: Enter the amount of USD you wish to invest and tap ‘Open Trade’.
Is PNC bank Crypto-friendly?
PNC Bank currently does not support any type of cryptocurrency transaction or custody services. In a statement released in January 2018, PNC affirmed their focus on regulated currencies and did not express interest in participating in the crypto market at that time.
However, they did acknowledge the potential benefits and future possibilities of digital assets. It is important to note that PNC's limited involvement with crypto may also be due to regulatory uncertainty surrounding the industry. As of now, the bank does allow its customers to invest in digital assets with their PNC bank accounts or credit/debit cards.
What is PNC Bank
PNC Bank is a financial services corporation based in Pittsburgh, Pennsylvania. Founded in 1845 as the Pittsburgh Trust and Savings Company, PNC has grown to become one of the largest banks in the United States with over 2,500 branches and 9,000 ATMs across 19 states and Washington D.C.
Along with traditional banking services such as checking and savings accounts, loans, mortgages, and investments, PNC also offers insurance options and wealth management services. The bank has received generally positive reviews from customers for its competitive rates and convenient mobile app features.