Turn the Instant Pot on to SAUTE mode. Once hot, add the bacon and cook for 2 minutes, then flip and continue cooking. Add the onion and stir, cooking for about 2 minutes. Pour in the broth and water. Add the garlic powder, salt, chili powder, cumin, coriander, paprika, black pepper, cayenne pepper, and pinto beans.
Place the lid on, and turn the Instant Pot to MANUAL mode with high pressure selected for 47 minutes.**
Once cooked, allow the pressure to release naturally, which usually takes about 15-20 minutes.
Open the Instant Pot, remove the bacon, and stir. Let rest for 5 minutes before serving. Garnish with cilantro if desired.
Video
Notes
*I used uncured applewood smoked bacon.**If using older beans, you may need to add up to 10 minutes of additional time.-2 tbsp. diced green chiles make a great addition to these beans.STORE the Instant Pot Pinto Beans in an airtight container in the refrigerator for 5-7 days. To FREEZE them, simply place them in freezer-safe bags or containers for up to 3 months.To REHEAT, thaw in the refrigerator if frozen, then warm them in a saucepan over medium heat or in the microwave, stirring occasionally, until heated through.