Here’s how you can sell your Pi Coin:
- Complete KYC and migrate tokens: Ensure your identity is verified through the Know Your Customer (KYC) process and your Pi tokens are migrated to the open mainnet of the Pi Network.
- Set up a Pi mainnet-compatible wallet: The official Pi wallet is commonly used, but third-party wallets that support mainnet Pi are also an option.
- Choose a cryptocurrency exchange: Several centralized exchanges support Pi trading, including OKX, MEXC, and Gate.io.
- Create an account and complete KYC verification: Register on the chosen exchange and complete the required identity verification, which typically involves submitting a government-issued ID and may also include facial verification.
- Transfer Pi to the exchange: Deposit your Pi coins from your wallet to the exchange’s wallet. Ensure the correct Pi mainnet deposit address is used to avoid errors.
- Place a sell order: Navigate to the trading section of the exchange and select the desired Pi trading pair, typically PI/USDT. You can choose a market order for an immediate sale at the current price or a limit order to specify your desired selling price.
- Withdraw funds: Once your Pi is sold, the proceeds will be in your exchange account. You can then withdraw them as fiat currency to your bank account or transfer the stablecoin (USDT) to another wallet.
Alternatively, you can consider Peer-to-Peer (P2P) selling:
- Find a reputable P2P platform: Coinskro is specifically built for Pi transactions and accessible through the Pi Browser.
- Find a buyer: List your Pi for sale or respond to existing buy offers on the platform.
- Agree on terms: Discuss and agree with the buyer on the price and payment method.
- Utilize escrow service: Whenever possible, use an escrow service to hold the buyer’s payment until you transfer the Pi coins, adding a layer of protection.
- Transfer Pi and confirm payment: Once the payment is secured by the escrow, transfer the Pi coins to the buyer’s wallet address. After the buyer confirms receipt, the escrow releases the payment to you.
Important considerations when selling Pi Coin include fees, platform security, liquidity, and KYC requirements. Remember to research thoroughly and proceed cautiously, especially with P2P transactions, as scams are prevalent. While Pi has transitioned to the open mainnet, a full global listing on major exchanges like Binance is still in progress.
How do I convert my Pi coins to cash?
From my experience, Secure Your Pi Wallet. Start by ensuring your Pi holdings are securely stored. …
Select a Cryptocurrency Exchange. Identify a reliable exchange like Bitget Exchange, which might list Pi Coin in the future. …
Verify Your Account. …
Transfer and Execute Trades.