It was conceived in 2019, as you might imagine, though, for the most part, it remained relatively obscure in its early years. Once you have USDT or USDC in your MEXC account, head over to the search bar and enter your preferred trading pair. Lastly, as you might have gathered up to this point in the “How to Buy & Sell Pi Coin”, you can now trade Pi on several exchanges.
If all seems in order, set the amount you want to trade, fill out the order information, and click the confirmation button. Choose the currency that you want to use and the asset you want to buy. Enter your desired amount to buy/sell or use the slider to determine it based on the percentage of your available USDT. That said, let me show you how you can buy and sell Pi coin on MEXC using the desktop platform. The semantics don’t really matter – what matters is that this is how you would go about earning Pi coins. People in crypto keep talking about Pi Network, the project that lets you mine crypto on your phone, especially when it comes to cashing out Pi Coin.
Remember, if you lose your private key, you will permanently lose access to your Pi Coins, as there is no recovery option. The Pi Wallet is where your Pi Coins will be stored once they are moved to the Mainnet. Since it is a non-custodial wallet, only you will have access to your private keys, meaning no one else can recover them for you if they are lost. The app is available for download on the iOS App Store and Google Play Store. Once installed, it will be the main platform for interacting with the Pi Mainnet and managing your coins.
For users looking for direct transactions, peer-to-peer (P2P) trading allows them to sell Pi proceeds for cash, PayPal, or other local payment methods. This involves trading directly with another buyer through an escrow-protected platform to minimize fraud risks. P2P transactions can sometimes offer better rates than centralized exchanges, but the 5 big problems with blockchain everyone should be aware of users must be cautious and choose trusted trading partners to avoid scams. One option is a bank transfer, which allows users to withdraw fiat currency directly to a linked bank account.
- The winning apps, Map of Pi and PyNook, are both designed in a similar fashion, allowing users to locate Pi accepting merchants via a Google Maps-like interface.
- “Phantom asset” used to mean it didn’t exist in a publicly-tradable coin or token form.
- Missing any of the steps below can delay or prevent your ability to trade Pi successfully.
- Despite Pi Network’s massive user base and growing visibility, the project has not been without its share of scrutiny.
- This allows users to mine Pi coins by simply opening an app and tapping a button daily.
- Sending Pi to the wrong network or address could result in permanent loss.
How To Sell Pi Coin (Pi Network Cryptocurrency): A Quick Guide
Pi Network has gained massive traction globally, attracting millions of users with its mobile-first mining model. Whether you’re looking to convert Pi into stablecoins or fiat, OKX offers the best platform with early support, deep liquidity, and an intuitive trading experience. Selling Pi Coin isn’t as simple as logging into an app and cashing out. A properly set-up mainnet wallet, access to a supported centralised exchange, and a cautious approach are the minimum requirements.
Facilitate easy and secure transactions:
Implement robust security measures to protect buyers’ personal and financial information. Utilize secure payment gateways and encryption technologies to ensure a safe transaction process. Utilize a mix of communication channels to reach potential buyers effectively. Implement email marketing campaigns to nurture leads and provide valuable information. Utilize direct messaging or live chat support to address inquiries promptly. Host webinars or online presentations to educate and engage potential buyers.
Understanding common fraud risks and secure transaction practices will help guard against scams while ensuring a safe selling process. In this article, I will discuss how to sell Pi Coin in India, considering the main steps to ensure your transactions go smoothly and safely. It’s important not to panic-sell during price dips because this can result in significant losses. One way around this is by placing multiple limit orders with different prices so that one would eventually hit while the others may not. The project was launched in 2019 by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, two Stanford PhDs, with the goal of creating a decentralized, user-friendly cryptocurrency.
Step-by-Step Guide to Selling Pi Coin
Before making financial investment decisions, do consult your financial advisor. Admittedly, the Pi Network is in a very unusual and interesting position, as far as everything surrounding the project is concerned, to be honest. It used to be the case that you couldn’t buy it or sell it, only “mine” it. And even now, that still applies to many users who haven’t yet completed KYC or migrated their tokens to the Open Mainnet. Another option is to trade your Pi coins for another asset, or vice versa.
Should You Sell Pi Coin via P2P? Risks and Precautions
During this Enclosed Mainnet time, a firewall guarded the live Mainnet. They did this so people could get through Know Your Customer (KYC) checks and move their mined Pi over to the Mainnet. If you passed KYC, you could send Pi to other verified users or use it in approved Pi apps using the Pi Browser.
Conduct market research:
Complete the form, and according to our testing, your KYC verification should become available within one week. Once logged in, locate and press the “Pay/Request” button at the center of the screen to begin the transfer process. Remember that you need to have 30 mining sessions completed before you’re eligible for KYC. The lockup feature allows you to set aside a portion of your Pi Coins for a fixed period, which may increase your mining rate in the future.
How do we solve the Pi KYC “Slot Are Not Available at This Time” problem?
This type of order is quick and easy, but it may not always fetch the best price as it depends on demand and supply at that particular moment. On the other hand, a limit sell order allows you to set a specific price at which you want to sell your Pi Coins. This article will provide a step-by-step guide on where to buy and sell Pi Coin.
Again, this process would be straightforward and streamlined to be as simple to is purevpn good for torrents/p2p here’s what they’re missing do for beginners as possible. Once you’re on Binance, you now need to either buy Pi network coins for fiat money, or check “how do I sell my Pi coins” via this exchange, for other crypto assets or fiat. To do that, all you need to do is navigate to the Buy Crypto tab on the exchange.
- But, what if it were, and you could buy Pi using fiat on the platform?
- Collaborating with reputable exchanges and wallet providers can enhance the accessibility and usability of Pi Coin.
- Use your Pi Wallet to send Pi Coins to a supported exchange by copying and pasting your deposit address.
- I put “mining” into quotes, since it’s not really the type of mining that you’d think of when you hear the term used in a crypto context.
- Some platforms may list unofficial versions or IOUs (promises to deliver Pi in the future).
Pi Coin Faces Market Turbulence as 1.4 Billion Tokens Set for Unlock in 2025
So, I’m here to set the scene for you – let me explain this as clearly and concisely as possible. SwapSpace project aims to provide a full spectrum of information for the exchange options. Use your Pi Wallet to send Pi Coins to a supported exchange by copying and pasting your deposit address. Most exchanges allow you to transfer your USDT, BTC, or ETH to external how to buy bitcoin for the first time wallets like Trust Wallet, MetaMask, or hardware wallets. In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only.
For those who want a smooth trading experience, MEXC provides a great alternative to larger platforms. The platform is secure and verified, with two-factor authentication (2FA) and cold wallet storage to protect user funds. Many traders prefer Gate.io because it is a major exchange with a strong reputation for reliability. If you cannot sell, check if your Pi Wallet is fully migrated to the Pi Network mainnet. The Pi Network team is gradually approving migrations, so some users may have to wait. Cryptocurrency is a modern digital asset and method of exchange that relies on blockchain technology and is protected by cryptography, ensuring the assets can’t be forged.