Pi coins are the native cryptocurrency of the Pi Network, a project aiming to make crypto mining accessible through mobile devices . Pi Network launched its Open Mainnet on February 20, 2025. This allows users to transfer their Pi coins and, in theory, trade them outside the Pi Network app.
- Complete KYC verification: You will need to verify your identity through the Pi Network’s KYC (Know Your Customer) process, [according to CoinMarketCap].
- Transfer Pi coins to your wallet: If your coins are currently in the Pi Network app, you’ll need to transfer them to your Pi Wallet, which you can set up through the Pi Browser app.
- Choose a platform to sell: You have two main options:
– Centralized Exchanges (CEXs): These platforms facilitate faster trades and generally have more buyer demand. Examples of exchanges that list Pi include OKX, MEXC, Gate.io, and Bitget. Note that [Binance] and Coinbase do not currently list Pi.
– Peer-to-Peer (P2P) platforms: These platforms allow you to sell directly to another individual. Examples include Coinskro and potentially certain Telegram and Discord communities. P2P offers more flexibility but also carries higher risks, [says Binance].
- Create an account and verify identity (if using CEX): Register on your chosen exchange and complete their KYC process.
- Deposit Pi coins into your exchange account (if using CEX): Obtain the deposit address from the exchange and send your Pi coins from your Pi Wallet.
- Place a sell order: Choose a trading pair (e.g., PI/USDT) and decide whether to sell at the current market price or set a limit order.
- Receive payment: Once your order is matched and executed, you will receive the corresponding currency in your exchange account. You can then withdraw these funds to your bank account or another wallet.
- Security: Always prioritize secure wallets and reputable platforms. Be cautious of scams, especially on unofficial P2P channels.
- Fees: Be aware of trading fees, withdrawal fees, and potential currency conversion costs that may be charged by exchanges.
- Liquidity: Platforms with high liquidity allow for smoother and faster trade execution at better prices.
- Market conditions: The price of Pi coin can be volatile and influenced by factors such as demand, network activity, token unlocks, and overall market sentiment.
- Regulatory compliance: Ensure you understand the regulatory landscape in your region regarding cryptocurrency trading and choose platforms that comply with applicable laws.
Disclaimer: This information is for general guidance and should not be taken as financial advice. Cryptocurrency trading carries risks, and you should always conduct thorough research and consider your financial situation before making any decisions.
Can you cash out Pi coin?
Great question! Once listed on an exchange, you can sell Pi using market or limit orders, then choose to withdraw as fiat, stablecoin, or swap into other crypto assets. Always consider liquidity, slippage, KYC requirements, and platform fees before executing a trade.
Will Pi coin ever be sellable?
The Pi Coin mainnet will launch on 20 February 2025 after 6 years in development. You’ll be able to sell Pi Coin on major crypto exchanges, including HTX, OKX, Bitget and MEXC – with the market value of Pi Coin finally revealed.
How do I convert my Pi coins to cash?
How do I convert Pi Coin to cash? You can convert Pi Coin to cash by selling it on supported cryptocurrency exchanges such as OKX, Bitget, or BitMart. After selling Pi Coin for a currency like USDT, you can withdraw the funds directly to your bank account or another cryptocurrency wallet.