Buy Crypto with PNC Bank
Explore how to use your PNC Bank account to invest in Bitcoin, Ethereum, and more via regulated crypto exchanges.
Summary: PNC Bank does not offer any products or services for its customers to buy and sell Bitcoin and cryptocurrencies through its online banking platform. As a result, investors must sign up for a FinCEN licensed digital asset exchange in the USA to buy, sell, and stake cryptocurrencies.
After evaluating over 20 platforms, eToro was identified as the best exchange for PNC Bank customers. Their exchange offers instant USD deposits from PNC online banking to trade over 25 cryptocurrencies with industry-leading fees. eToro is a trusted broker with over 10 million investors and is a preferred alternative to expensive retail exchanges like Coinbase.
Can I Buy Crypto with PNC Bank?
Yes, investors can buy Bitcoin, Ethereum, and additional cryptocurrencies using their PNC Bank account, debit card, or credit card. To do this, individuals must register with a reputable U.S-based cryptocurrency exchange that permits deposits in USD through methods such as bank transfers, ACH, and other feasible options. As PNC Bank doesn't directly handle cryptocurrency transactions, it's crucial to select an exchange regulated by the Financial Crimes Enforcement Network (FinCEN) for secure investing.
How to Buy Bitcoin and Crypto with PNC
As outlined above, the safest and easiest way to buy crypto assets is with a FinCEN-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 a wide range of the top 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.

What are the Fees?
The expenses involved when buying cryptocurrency via a PNC Bank transfer in the United States can vary, depending on the chosen cryptocurrency exchange. Generally, investment costs comprise transaction fees, deposit fees, and withdrawal fees. These can vary depending on the exchange and the specific cryptocurrency involved.
We would recommend eToro because of its fair fee structure. eToro provides free deposits through PNC Bank transfers and only charges a 1% commission on trades, coupled with competitive spreads for trading crypto assets. This fee scheme tends to be more economical compared to other platforms, like Coinbase, which often charges both a transaction fee and a spread that typically hovers around 0.50%, making it a pricier option.
Is PNC Bank Crypto-Friendly?
Yes, PNC Bank permits customers to engage in transactions involving a range of cryptocurrencies, including Bitcoin, Ethereum, Solana, as well as numerous stablecoins. They also facilitate activities such as crypto staking, providing users the opportunity to earn returns on their digital assets.
PNC Bank enables these activities through exchanges that are accredited by regulatory bodies such as the U.S. Securities and Exchange Commission (SEC) or FinCEN. This guarantees that PNC's customers only transact with platforms that strictly adhere to U.S. regulations, thereby minimizing the risk of financial malpractice, including money laundering and other illegal operations.

Bottom Line
n conclusion, PNC Bank customers can safely invest in Bitcoin, Ethereum, and other cryptocurrencies through reputable U.S-based cryptocurrency exchanges like eToro. While PNC Bank itself does not handle cryptocurrency transactions directly, it permits and facilitates crypto investments via FinCEN-regulated platforms.
eToro, a top-rated exchange, offers free deposits for PNC Bank customers, coupled with a competitive fee structure. As always, it's crucial for investors to select a regulated platform to ensure secure transactions, minimizing the risk of financial malpractice. With PNC Bank's crypto-friendly stance, investing in digital assets has become more accessible, also opening up opportunities like crypto staking for earning returns.