How To Buy Crypto with PNC Bank

    • James Page

James HeadshotAuthor: James Page - Last Updated on June 28, 2022

Summary: Banks generally don’t offer crypto trading as part of their platform due to the regulations and complexities that come with setting up a cryptocurrency trading platform. However, that doesn’t mean you can’t use your PNC Bank account to buy crypto.

All you need is a reliable and trusted crypto trading platform. We recommend using eToro as it’s a very well-known exchange (rated 4.2/5 with over 15000 reviews) with a good amount of cryptocurrencies to choose from and great support.

Buy Crypto with eToro

How to buy crypto or bitcoin with PNC Bank

As stated above, just like with the vast majority of banks, you can’t buy crypto with PNC Bank on their platform. At the time of writing, banks aren’t implementing crypto trading platforms yet, seemingly because of the extra regulations they need to adhere to, in addition to other complexities when it comes to setting up a cryptocurrency exchange.

However, luckily for us, there are plenty of crypto exchanges to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.

1. Choose a cryptocurrency exchange

While there are a lot of crypto trading platforms, it can get a bit tricky comparing them all as they all offer very similar features. The differentiating factors are mainly fees, the amount of digital assets to choose from, and any special features that the other exchanges don’t have.

The reason we recommend going with eToro is that they have a great combo of global reach (a lot of exchanges only work within specific GEOs), competitive fees, and a few very neat features (like “Copy Trading”, which allows you to copy the trades of other investors on the platform).

Let’s get into it!

etoro crypto

2. Create an account on the exchange

The first thing to do is to create an account on the exchange and go through the required verification processes, which should go very smoothly as they’ve got it all streamlined.

Sign Up with eToro

eToro sign up form

3. Transfer funds into the account

Transferring funds from your PNC Bank account is also pretty easy as eToro supports bank transfer, PayPal, credit/debit card, and a few more deposit methods.

4. Buy crypto

Once the funds are in the account, you can navigate to their markets section, choose your cryptocurrency and hit the buy/trade button.

And that’s it, you now have some crypto, congratulations!

Buy Crypto with eToro



About PNC Bank

PNC stands out because of its digital banking tools. It also offers competitive interest rates for some states. You may be able to get a better rate if you don’t live in one of these states.

PNC, a large bank, operates in parts Northeast, South and Midwest.

PNC was able to expand its presence by acquiring BBVA USA in 2021. This included parts of the West Coast.

PNC's High Yield Savings Account offers a competitive rate and doesn't need a minimum deposit. The account doesn't have tiered features, so the minimum amount to begin earning this APY rate is $1.

However, this account isn’t available in PNC’s branch banking footprint so not all will have access. Unfortunately, states located in PNC’s traditional market get a lower rate on their Standard Savings accounts.

PNC's traditional customers have access the Premiere Money Market Account which has tiered interest rates.

Examples of ways to earn a higher rate of return include receiving $2,000 in qualifying direct deposits within the last calendar month and making at least five debit cards transactions with your Performance Select checking account.

To open an account, you will need to deposit $100. To avoid the monthly service charge, however, you must keep at least $5,000 in the account.

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