Mike Harry
Nov 2023
3 min to read
Fact checked
Summary: Investing in cryptocurrencies with PNC Bank is possible by connecting your bank to regulated cryptocurrency exchanges like eToro. This exchange is beginner-friendly and safe to use as it's regulated by FinCEN in the US. Signing up only takes a few minutes and once verified, you can make your first USDdeposit free of charge via bank transfer. Once your funds have arrived you can begin investing in cryptocurrencies like BTC, ETH, SOL and many others!
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Can I buy crypto with PNC Bank?
Investing in cryptocurrencies with PNC Bank is possible by connecting your bank account to regulated cryptocurrency exchanges like eToro. These exchanges are beginner-friendly and are regulated by FinCEN in the United States.
Signing up and making your first deposit only takes a few minutes and you can then make your first USD deposit to buy crypto.
How to buy crypto with PNC Bank
To invest in cryptocurrencies like Bitcoin and Ethereum via your PNC bank, you can easily deposit funds via bank transfer (or credit card)to a reputable exchange.
We recommend signing up to eToro as it's beginner friendly and regulated by FinCEN in the United States. This process is both simple and secure and bank deposits are free of charge.
The funds normally arrive within one business day can you can then begin investing in 100s of digital assets like BTC, ETH, SOL, ATOM, AVAX, ARB, OP and many others!
Signup in two minutes
1. Create Account: Signup and add your identity verification
2. DepositFunds: Via your PNC account or credit/debit card
3. Start Buying: Once your deposit has arrived in your account
Does PNC Bank support cryptocurrency?
PNC Bank does not provide any services related to cryptocurrencies and does not accept deposits of cryptocurrency.
You can however use your PNC account and card to connect to third-party exchanges in order to buy cryptocurrencies. PNC bank does not impose any restrictions in this regard.
Does PNC Bank deal with Bitcoin?
PNC Bank does not currently offer any services related to Bitcoin but does enable its customers to use third-party applications that does.
For example, customers can use eToro and Uphold to buy, sell, and store Bitcoin and other cryptocurrencies like ETH,SOL, ATOM and others.
How do I withdraw money from crypto to PNC?
In the case of PNC Bank, there are no restrictions for its customers to deposit or withdraw funds via bank or card transfer to a cryptocurrency exchange.
Having said that, we recommend using regulated cryptocurrency exchanges like eToro.
Does PNC Bank allow Coinbase?
Another common question tends to be about which exchange you can link to with your bank account.
PNC bank allows you to link your bank account or card to any regulated exchange in the US like Uphold, Coinbase and eToro.
The process are similar with most exchanges in that you have to signup, verify your account and then connect your PNC account or link your credit debit card.
Once you have done that, you can deposit US Dollars to your exchange account to buy cryptocurrencies.
PNC Bank and Blockchain
PNC Bank has joined the ranks of many other USbank who are entering the cryptocurrency space.
PNC Bank announced last year that they have partnered with Coinbase to eventually provide crypto investment services to their clients. From the CoinDesk article,
The service would give the Pittsburgh-based national bank more seamless access to cryptocurrency investments for its customers, the source said. It's just one facet of PNC’s broader digital assets and blockchain strategy.
About PNC Bank
PNC Bank is a financial services corporation based in Pittsburgh, Pennsylvania and is one of the largest regional banks in the United States. It is the 5th largest bank in the nation based on assets and has over 8 million customers.
PNC Bank offers a variety of banking products and services, including checking and savings accounts, credit cards, mortgages, and investments.
PNC Bank also provides services such as online banking, mobile banking and bill pay.
Additionally, PNC Bank offers a range of financial services, including wealth management, estate planning, and trust services.
The bank operates in 20 states with over 2,000 branches and provides nationwide access to over 9,000 ATMs.
It is one of the biggest banks in the United States in terms of the number of branches and ATMs. PNC bank has revenues of $20 billion and over $500 billion in total assets.
Diversify Your Portfolio
eToro
+3000 Cryptos, Stocks, ETFs
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30M Users & 140 Countries
FinCEN, FCA, CySec Regulated
eToro USA LLC: Investments are subject to market risk.
Including the possible loss of principal.
As an enthusiast with a deep understanding of the cryptocurrency landscape and financial services, it's clear that the article you've provided revolves around the intersection of traditional banking, specifically PNC Bank, and the world of cryptocurrencies. I'll break down the key concepts discussed in the article:
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Investing in Cryptocurrencies with PNC Bank:
- The article suggests that individuals can invest in cryptocurrencies using PNC Bank by connecting their bank accounts to regulated cryptocurrency exchanges like eToro.
- eToro is highlighted as a beginner-friendly and regulated platform in the United States, supervised by FinCEN.
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Process of Buying Crypto with PNC Bank:
- The process involves signing up on eToro, verifying identity, and making the first deposit, which can be done via bank transfer or credit card. The initial USD deposit is free of charge, and the funds typically arrive within one business day.
- The recommended cryptocurrencies for investment include BTC (Bitcoin), ETH (Ethereum), SOL (Solana), ATOM, AVAX, ARB, OP, and others.
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PNC Bank's Relationship with Cryptocurrencies:
- PNC Bank itself does not offer services related to cryptocurrencies nor accepts cryptocurrency deposits. Instead, it allows customers to connect their accounts to third-party exchanges to engage in cryptocurrency transactions.
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PNC Bank and Bitcoin:
- While PNC Bank does not directly offer Bitcoin-related services, it enables its customers to use third-party applications like eToro and Uphold for buying, selling, and storing Bitcoin and other cryptocurrencies.
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Withdrawal of Funds from Crypto to PNC:
- There are no apparent restrictions for PNC Bank customers to deposit or withdraw funds via bank or card transfer to a cryptocurrency exchange. However, the article recommends using regulated exchanges like eToro.
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PNC Bank's Support for Coinbase and Other Exchanges:
- PNC Bank allows users to link their accounts or cards to regulated exchanges in the US, such as Uphold, Coinbase, and eToro. The process is similar across most exchanges, involving signup, account verification, and connection to PNC accounts or credit/debit cards.
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PNC Bank and Blockchain:
- PNC Bank has entered the cryptocurrency space and announced a partnership with Coinbase to provide crypto investment services to its clients. This move is part of PNC's broader digital assets and blockchain strategy.
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About PNC Bank:
- PNC Bank is introduced as a significant financial services corporation based in Pittsburgh, Pennsylvania. It ranks as the 5th largest bank in the US based on assets, with over 8 million customers.
- The bank offers a range of traditional banking products and services, including checking and savings accounts, credit cards, mortgages, and investments.
- PNC Bank operates in 20 states with over 2,000 branches and provides nationwide access to over 9,000 ATMs.
In summary, the article explores how individuals can leverage PNC Bank to connect with regulated cryptocurrency exchanges like eToro, enabling them to invest in a variety of cryptocurrencies. PNC Bank's strategic entry into the cryptocurrency space, as well as its partnership with Coinbase, is also highlighted.
