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How to Buy Crypto with PNC Financial Services in United States

Last updated on January 16, 2024

Quick Summary: While PNC Financial Services 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 United States 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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PNC Financial Services Homepage

As mentioned in my quick summary, like most United States banks, PNC Financial Services doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency trading platform and comes with regulations and extra work for the banks.

Thankfully there are many crypto trading platforms to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use eToro as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with PNC Bank

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

1. Pick a crypto exchange

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 PNC Financial Services.

Buy Crypto With eToro

About PNC Financial Services

Its name refers to the PNC Financial Services Group Inc. (stylized as PNC) is an American bank holding company and financial services corporation with its headquarters at Pittsburgh, Pennsylvania. Its bank division, PNC Bank, operates across 27 states and in the District of Columbia, with 2,629 branches and 953 ATMs. PNC Bank is on the list of the largest institutions across the United States by assets and is among the biggest banks in terms of branches as well as deposits and the amount of ATMs.

The company also offers financial services, including wealth management, asset management the planning of estates, loans servicing as well as information processing. PNC is among the biggest Small Business Administration lenders and one of the biggest creditors of credit cards. They also provide asset-based lending to private equity companies and middle market businesses. PNC is one of the biggest treasury management companies and is the second largest lead arranger of syndications of loans based on asset across the United States.

Harris Williams & Co. which is an affiliate of the company is one of the nation’s biggest consulting firms for mergers and acquisitions for middle-market businesses. Midland Loan Services, a part from PNC Real Estate with its headquarters at Overland Park, Kansas and was established in 1991. It is recognized by the Mortgage Bankers Association as the 2nd largest master and the primary lender of loans from commercial banks and institutions.

“PNC,” the title of “PNC” is derived from the initials of of the bank’s two previous businesses: Pittsburgh National Corporation and Provident National Corporation, which were merged in the year 1983. PNC Mortgage (formerly National City Mortgage) is believed to have been responsible for financing one of the very first mortgages in the United States and has offices throughout the United States.