You can sell your Pi coins after the Pi Network mainnet launched on February 20, 2025. You’ll need to transfer your Pi coins to a supported exchange to sell them.
Here’s a step-by-step guide:
- Complete KYC and migrate to mainnet: Ensure you’ve completed Know Your Customer (KYC) verification and your Pi coins have migrated to the mainnet. These steps are crucial for transferring and selling your coins.
- Choose a cryptocurrency exchange: Several exchanges list Pi Coin, including OKX, MEXC, Lbank, Bitget, and Huobi Global. Choose one that suits your needs based on factors like fees, security, available trading pairs, and your location.
- Create and verify your account: Register on the chosen platform and complete their verification process, usually requiring email verification and a government-issued ID.
- Transfer your Pi coins to the exchange:
– Log into your Pi wallet (accessible through the Pi Browser app).
– Navigate to the deposit section on your chosen exchange and select “Pi Network”.
– Copy the provided Pi wallet deposit address.
– In your Pi wallet, initiate a transfer and paste the exchange deposit address, double-checking it for accuracy.
– Confirm the transfer and wait for network confirmations.
- Place a sell order:
– Navigate to the trading section of the exchange.
– Select the Pi trading pair you desire (usually PI/USDT).
– Choose a market order to sell immediately at the current price or a limit order to set your desired selling price.
– Enter the amount of Pi you want to sell and confirm your order.
- Withdraw your funds: After the sale is complete, you can withdraw your proceeds to your preferred destination (bank account, another crypto wallet, etc.). Note that fiat withdrawals may require additional verification and fees.
- Limited Liquidity: Pi Coin is still in its early trading phase, so liquidity on exchanges may be limited compared to other cryptocurrencies, potentially causing price volatility and slippage for large orders.
- Fees: Be aware of the fees associated with selling Pi coins, including trading fees, network transaction fees, withdrawal fees, and currency conversion costs.
- Security: Prioritize security by using strong passwords, enabling two-factor authentication (2FA) on exchanges, and keeping your Pi Wallet seed phrase secure offline.
- Scams: Exercise caution when dealing with websites or individuals offering to buy or sell Pi coins outside of established exchanges, as these could be scams.
By following these steps and remaining cautious, you can navigate the process of selling your Pi coins effectively.
How do I cash out my Pi coin?
From my experience, Step 1: Choose a Supported Exchange. Start by selecting a centralised exchange that currently lists Pi Coin. …
Step 2: Transfer Pi Coin from Your Wallet to the Exchange. …
Step 3: Place a Sell Order. …
Step 4: Withdraw Your Proceeds.
Can you convert Pi coin to cash?
From my experience, PI coins can now be traded on supported centralized exchanges. OKX, MEXC, and Gate.io are some of the exchanges where you trade PI coins. This article guides users on how to trade Pi coins and what to consider before choosing a trading platform.