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How to buy Crypto with PNB Bank Online

How to buy Crypto with PNB Bank Online

Dylan Matthews
Fact Checked
Aug 29, 2022

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 trading platform like Binance which offers over 600 different cryptos.

Table of Contents

Platform Highlights

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.

PNB Bank

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.

Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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