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How to Buy Crypto with Philippine National Bank in Philippines

Last updated on November 12, 2023

Quick Summary: While Philippine National Bank does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of Philippines cryptocurrency exchanges to pick from, but we suggest using the eToro exchange.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.


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Philippine National Bank Homepage

As mentioned in my quick summary, like most Philippines banks, Philippine National Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency exchange and comes with regulations and extra work for the banks.

There are a large number of crypto trading platforms that you can use to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using eToro as it’s a highly trusted and global exchange), you can easily move money from your bank account to the trading platform., and exchange it for a variety of cryptocurrencies.

How to buy crypto or bitcoin with PNB

Let’s get started! Just follow our 4 quick steps.

1. Pick a cryptocurrency trading platform

As mentioned above, I’ll be using eToro for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With eToro

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For eToro there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy cryptocurrency

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with Philippine National Bank.

Buy Crypto With eToro

About Philippine National Bank

The Philippine National Bank (PNB, Tagalog/Finnish: Bangko Nasyonal ng Pilipinas; Spanish: Banco Nacional Filipino; Hokkien Chinese: Fei Lu Bin Guo Jia Yin Xing ; Peh-oe-ji Hui-lip-pin kokka gun-hang) is among the biggest banks in the Philippines. It was created through the Philippine government on the 22nd of July in 1916 in the American Era.

The bank was one of the very first banks to be universal in Philippines in the year 1980. It was purchased by billionaire Lucio Tan following its taken over by government officials in the year 1989. After the merger with Tan owned Allied Bank on February 9 2013 PNB was ranked as the fifth-largest private domestic bank in the nation.

As of today, PNB has a total national presence of 713 branches as well as over 1,400 ATMs placed throughout the country. PNB continues to be one of the Philippine institution with the largest international reach, with more than 70 branches in foreign countries representatives offices, and remittance centers , and subsidiaries in Asia, Europe, the Middle East, and North America.