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Can I buy Cryptocurrencies with PNB Bank?
There is no way to directly buy Cryptocurrencies like Bitcoin and Ethereum through your Punjab National Bank account. This is because PNB Bank does not support digital asset infrastructure such as crypto trading, or crypto custody.
Instead, customers will need to withdraw INR from their Punjab Bank account into a licensed and regulated digital asset exchange in India. It is important to use a licensed exchange so PNB Bank does not freeze your account or your Indian Rupee (INR) transfer.
How to buy Crypto or Bitcoin with PNB Bank Online
The easiest way to buy digital assets with PNB Bank online is with a Reserve Bank of India (RBI) approved exchange like Binance. Their platform accepts Indian Rupee (INR) deposits that are fast and cheap to trade over 600 different cryptocurrencies. You can also buy and sell NFTs, stake cryptocurrencies, and more on the Binance India platform.
Get started from your PNB Bank account with this simple guide:
- Sign up with Binance from any country around the world.
- Connect your PNB Net Banking account to deposit fiat via Indian Rupee (INR) bank transfer.
- Find the cryptocurrency you want to buy on Binance.
- Input the amount of crypto you want to buy with Indian Rupee (INR) and execute your trade.
Once you finalise your transaction and buy Crypto with your Icici Bank account on Binance, your assets will be automatically stored on your Binance managed wallet. You can then withdraw your coins, or leave them on Binance for secure custody.
About PNB Bank
PNB Bank is a leading bank in India that offers a wide range of banking and financial services to its customers. The bank is regulated and licensed by the Reserve Bank of India (RBI). PNB Bank offers a variety of banking products and services, including savings and current accounts, credit cards, loans, mortgages, investment products, and insurance products.
The bank also offers a wide range of digital banking services, such as online banking, mobile banking, and ATM services. PNB Bank was founded in 1894 and is headquartered in New Delhi, India.
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Final Thoughts
PNB Bank does not offer direct cryptocurrency services through its PNB Net Banking platform. Customers can use the bank’s online banking facility to deposit funds into a licensed and regulated digital asset exchange like Binance India, where they can buy and sell cryptocurrencies with Indian Rupee (INR).
It is important to use a licensed crypto trading platform to ensure your funds are secure and that you aren’t at risk of having your account frozen by PNB Bank. Once you buy cryptocurrencies with your PNB Bank online, you can securely store them in a wallet managed by Binance India.
