Can I buy Bitcoin with PNC Bank?
Yes, PNC Bank customers can buy cryptocurrency through FINRA-regulated exchanges in the USA that accept ACH transfers and deposits from PNC accounts. To ensure the security and legitimacy of their investment, customers should choose a reputable exchange in the U.S. that complies regulations.
How to buy Crypto with PNC Bank
As outlined above, the safest and easiest way to buy crypto assets is with a FINRA-licensed exchange. Based on our review of the top brokers in the US, we found that eToro was the best option for PNC account holders thanks to their instant and free USD deposits to trade 70+ cryptocurrencies.
Here is a simple step-by-step guide to get started on the platform:
- Visit eToro to sign up and verify your identity.
- Select the 'Deposit Funds' button on the bottom left of your screen.
- Select the amount of USD you want to deposit and your preferred deposit method (e.g PNC Bank ACH Transfer or Debit/Credit Card).
- Complete the USD deposit and use the funds credited to your account to invest in cryptocurrencies.
Is PNC Crypto-friendly?
PNC Bank enables its clients to participate in the cryptocurrency market through exchanges that adhere to regulations stipulated by the Financial Crimes Enforcement Network (FinCEN). This ensures that the exchanges comply with federal laws and regulations that seek to prevent financial crimes, such as fraud and money laundering. When customers use a FinCEN regulated exchange, they can be confident that their cryptocurrency investments are both safe and legally compliant.
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.
In conclusion, while PNC Bank does not offer its customers direct access to buy and sell cryptocurrencies, they do allow clients to use FINRA & FinCEN licensed exchanges in the US. By choosing a reputable and regulated exchange, customers can invest in cryptocurrencies in a secure and compliant manner. Based on our evaluation, eToro is an excellent choice for PNC Bank clients to buy and trade over 70 cryptocurrencies with instant USD deposits and low fees.