Crypto Banks
How to buy Crypto with PNB Bank

How to buy Crypto with PNB Bank

Summary: PNB Bank does not directly offer cryptocurrency services through their PNB Net Banking online platform. The only way Punjab Bank account holders can buy digital assets is by depositing INR into a licensed & approved trading platform in India.

Our top pick for Indian investors is Binance. Their platform is regulated and offers instant and cheap Indian Rupee (INR) deposits from PNB Bank to trade hundreds of cryptocurrencies with low fees.

Table of Contents

Best Exchange for Indian Banks

Platform Highlights

  • Fast and cheap INR deposits via Bank Transfer, Debit Card, Credit Card and more.
  • 700+ Cryptocurrencies for low fees at 0.1%.
  • Crypto staking to earn interest on your deposits.
Binance Indian Bank
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Audited Proof of Reserves
Audited Proof of Reserves

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:

  1. Sign up with Binance from any country around the world.
  2. Connect your PNB Net Banking account to deposit fiat via Indian Rupee (INR) bank transfer.
  3. Find the cryptocurrency you want to buy on Binance.
  4. Input the amount of crypto you want to buy with Indian Rupee (INR) and execute your trade.
Buy Bitcoin or Crypto PNB Bank

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.

PNB Bank
PNB Bank Online.

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.

Dylan Matthews

Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.

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