Summary: You won’t find crypto trading inside your PNB account; but that doesn’t mean you're out of options. PNB supports INR transfers to exchanges like Bybit, making it easy to step into the crypto world while staying compliant with RBI rules.
Bybit stands out for a reason: quick deposits, low fees, and a clean user experience. Whether you're trading or testing the waters with demo mode, it’s built for everyday users.
- Free Indian Rupee (INR) deposits from any Indian bank, debit or credit card.
- Buy 940+ cryptocurrencies with low fees (0.1%) through spot and futures trading.
- Regulated and trusted exchange with over 18 million users worldwide.
Can I Buy Bitcoin with PNB Bank?
Yes, PNB Bank allows customers to fund crypto purchases by transferring INR to regulated exchanges. It doesn’t offer trading itself but supports secure transfers.
This setup lets users access platforms like Bybit without friction. Since these platforms are registered and follow RBI guidelines, PNB users can invest safely and confidently.
How to Buy Crypto with PNB Bank
PNB Bank customers can buy Bitcoin and other cryptocurrencies by transferring INR to trusted exchanges like Bybit. These platforms follow Indian financial regulations and offer safe access to digital assets.
Bybit keeps things simple. It supports INR deposits via credit cards, net banking, and direct transfer; all through an easy-to-use interface with access to over 940 tokens.
Here’s how to get started:
- Create an Account: Sign up on Bybit and complete the KYC verification process.
- Select INR as Your Currency: Go to the ‘Buy Crypto’ section and choose INR for your transaction.
- Pick a Payment Method: Use net banking, debit card, or bank transfer; whatever works best for you.
- Buy Your Crypto: Select your preferred token, enter the amount, and confirm the purchase.
PNB Bank Cryptocurrency Policy
PNB Bank doesn’t offer direct crypto trading, but it supports INR transfers to exchanges that meet India’s regulatory standards. This allows customers to invest without violating RBI guidelines.
The bank encourages safe participation by working only with platforms that prioritize compliance and transparency. Bybit is a strong match for these requirements.
Known for its layered security, Bybit protects user funds with real-time monitoring, privacy safeguards, and proof-of-reserves systems. It’s built for reliability and trust.
Digital Asset Investing Fees
Understanding crypto fees is key when investing through your PNB Bank account. Here’s a quick breakdown of common charges on regulated platforms:
- Deposit Fees: INR deposits via UPI and bank transfer are usually free. Card payments may involve small processing charges depending on the provider.
- Trading Spreads: Most exchanges charge around 0.1% per trade. This fee covers the gap between buy and sell prices and affects overall returns.
- Withdrawal Fees: Crypto withdrawal costs vary by asset. For Bitcoin, the average fee is around 0.0005 BTC, updated in real time.
Bybit offers low-cost access for Indian investors, with free INR deposit options and competitive trading fees. Its transparent pricing makes it a strong choice for PNB Bank users entering the crypto market.
What is PNB Bank?
Punjab National Bank (PNB) was founded in 1894 and is one of India’s oldest and most trusted public sector banks. It is headquartered in New Delhi and has played a key role in the nation’s banking development.
With thousands of branches and ATMs across India, PNB is known for serving both urban and rural communities. It provides services like personal loans, business banking, agriculture finance, and global remittances.
PNB continues to invest in digital platforms, allowing customers to manage transactions securely online. These tools also make it easier to move INR to regulated crypto exchanges like Bybit, with full compliance.
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Best Alternative Crypto Exchanges for PNB Bank Users
While Bybit is the top choice for PNB Bank customers, other trusted platforms also support INR and meet Indian regulatory expectations.
Top alternatives include:
- CoinDCX: A popular Indian exchange offering fast INR deposits, localized KYC, and easy access to major tokens like BTC and ETH.
- WazirX: Known for its large user base in India, WazirX supports UPI payments and provides access to spot and P2P markets.
- Binance (via P2P): Although it doesn’t support direct INR bank transfers, Binance’s P2P network connects users with verified local sellers.
Each of these platforms gives PNB users safe access to crypto while supporting INR transfers. Choose the one that best fits your trading goals and compliance needs.
Final Thoughts
PNB Bank plays a key role in India’s financial landscape by enabling secure INR transfers to trusted, compliant crypto exchanges. This gives investors a safe, regulated entry into digital assets without stepping outside RBI guidelines.
Pairing Bybit with PNB offers a seamless experience for customers. Bybit provides quick INR deposits, low fees, and strong security, making it a perfect match for PNB users looking to navigate the crypto market.
With an easy-to-use platform and a wide selection of tokens, Bybit helps both beginners and seasoned investors access the crypto space with confidence.
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.
