Last update: Jun 16, 2022

How to Buy Crypto with PNC Bank

Marco velaAuthor: Marco Vela - Fact-checked ✓

Summary: While PNC Bank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party crypto exchange.

There are plenty of crypto exchanges to choose from, we recommend using eToro as the exchange to work with.

They have most of the popular cryptocurrencies available, are easy to work with, and have fantastic support!

Buy Crypto with eToro
[Rated 4.2/5 based on 15710 reviews on Trustpilot]

Pnc bank

As mentioned above, just like most banks, PNC Bank doesn’t offer cryptocurrency trading directly, as setting up a crypto trading platform is quite complex and comes with regulations and extra requirements for the banks.

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

You can sign up for an exchange (we will use eToro as our example because it is a trusted and worldwide exchange) and transfer funds to the exchange to trade crypto.

How to buy crypto or bitcoin with PNC Bank

There are only 4 steps involved, let’s get started!

1. Choose a cryptocurrency exchange

As mentioned above, we’ll be using eToro for this guide as they are a widely used exchange and have over 50 cryptocurrencies to choose from. They also have a few really neat features like “Copy Trading”, which enables users to copy the trades of popular investors on the platform.

Let’s get started!

Etoro crypto

2. Sign up with the trading platform

The first thing to do is to sign up with the platform.

Sign Up with eToro

Once you’ve completed the initial sign-up process, you’ll have to go through a quick verification process (also known as KYC).

Etoro sign up

3. Funding your account

Next up is funding your account. When it comes to depositing money to your eToro account, you have the option to use a bank transfer, PayPal, credit/debit card, and more.

4. Buy cryptocurrency

Finally, just go to the eToro Markets section, find the cryptocurrency you would like, and buy it.

And that’s it, it’s all pretty straightforward, now you know how to buy bitcoin or most other cryptocurrencies with PNC Bank.

About PNC Bank

PNC is known for its digital banking tools, and competitive interest rates in certain states. If you don't reside in these states, you might want to consider banking elsewhere to get a better rate.

PNC is a large bank which operates in the Northeast, South, and Midwest.

PNC expanded its presence to include West Coast areas with the 2021 acquisition by BBVA USA.

The High Yield Savings account from PNC offers a competitive yield. It doesn't require any minimum deposit. This account is not tiered so you don't need to have a minimum opening deposit in order to earn this APY.

The account is not available in PNC branches so it won't be accessible to everyone. The Standard Savings account earns a lower yield for states that are part of PNC's traditional markets.

PNC's traditional market residents have access to the Premiere Money Market Account, which offers tiered interest rates.

You can get a higher APY by making $2,000 in qualifying direct deposit in the past calendar month, or five debit card transactions using your Performance Select Checking Account.

This account can be opened for $100. To avoid paying the monthly service fee, you will need to maintain at least $5,000 in your account.

Premiere Money Market accounts come with a PNC Checking Card. The card cannot be used to make purchases.

Customers of PNC Bank have access to a variety of CDs.

According to PNC's website, however, only the three-month and three-year CDs can be opened online.

To open the 13-month CD (which is the CD term Bankrate scored), you only need $1,000. You can also find better CD rates at many other banks.

To open an account with PNC Bank Standard checking, you only need $25. To avoid the $7 monthly service charge, you will need to maintain at least $500 in your account.

The Virtual Wallet Checking Pro With Spend, Reserve, and Growth is another option. This account is interest-bearing. This account does not require a minimum deposit or a maintenance fee. To help you avoid overdraft fees, the account will alert you if your cash is low.

PNC Bank offers access to approximately 2,700 branches.

Digital banking doesn't mean you have to give up your digital banking experience. You can access a variety of features to help manage your money. You can use the bank app to pay Zelle to people. The app allows you to locate ATMs nearby and view visuals of where your money goes.

You can reach PNC customer service consultants 24 hours a day. Although they aren’t available 24/7, their hours can be adjusted. You can reach specialists between 7 a.m. and 10 p.m. Eastern on weekdays. You can reach them between 8 a.m. and 5 p.m. on weekends.

PNC Bank was founded in Pittsburgh Trust and Savings Co. and is one of the most important banks in the U.S. It offers a complete range of small-business, retail and commercial products.

It acquired the Cleveland-based National City Corp. in 2008. This transaction nearly doubled the bank’s size. PNC purchased BBVA USA in June 2021. PNC currently supports approximately 2,700 branches across the country.


author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.