You can sell your Pi Network (PI) coins on various platforms, though it’s important to understand the process and potential risks involved.
Here’s a breakdown of how to sell your Pi coins:
- Centralized exchanges (CEXs)
- Available Exchanges: Several centralized exchanges now support PI trading, including OKX, MEXC, Gate.io, and Bitget.
- Process:
– Create an Account: Register and complete the KYC (Know Your Customer) verification process on your chosen exchange.
– Deposit Pi Coins: Transfer your Pi coins from your Pi Network wallet to your exchange account’s deposit address.
– Place a Sell Order: Navigate to the trading section, select the desired PI trading pair (e.g., PI/USDT), choose your order type (market or limit), enter the amount, and confirm the sell order.
– Withdraw Funds: Once your order fills, you can withdraw your converted funds (e.g., USDT) to another wallet or convert them to fiat currency (like USD or EUR) and withdraw them to your bank account if the exchange supports fiat withdrawals.
- Peer-to-peer (P2P) platforms and communities
- Options: Platforms like Coinskro (accessible through the Pi Browser) and communities on Telegram and Discord allow for direct peer-to-peer trading of Pi.
- Process:
– Find a Buyer: Locate interested buyers within the chosen platform or community.
– Agree on Terms: Negotiate and agree on the price and payment method (e.g., PayPal, bank transfer) with the buyer.
– Use Escrow (Recommended): Employ an escrow service to hold the buyer’s payment until you transfer the Pi coins and they confirm receipt.
– Transfer Pi Coins: Use your Pi Network app to send the agreed amount of Pi to the buyer’s wallet address, double-checking the details before confirming the transfer.
– Confirm Payment: Verify that you have received the payment before considering the transaction complete.
Important considerations
- KYC and Mainnet Migration: Ensure you have completed KYC verification within the Pi Network app and migrated your Pi coins to the Open Mainnet, as these are prerequisites for transferring and selling them.
- Wallet Security: Securely store your Pi Wallet’s 24-word seed phrase offline and avoid sharing it with anyone.
- Low Liquidity: Pi Coin currently has lower trading volumes and limited exchange listings compared to major cryptocurrencies, which may affect the selling price and speed of transactions.
- Volatility: Expect price fluctuations as Pi Network and its ecosystem continue to develop and mature.
- Risks: P2P transactions can be risky due to potential scams and lack of escrow protection, so prioritize reputable platforms and always use escrow services when possible.
- Due Diligence: Always conduct thorough research and exercise caution when trading Pi coins, as with any cryptocurrency.
Note: Pi Network transitioned to its open mainnet on February 20, 2025, allowing for external connectivity and trading of Pi coins.
Can I sell my Pi network coins now?
From my experience, The launch of Mainnet Pi represents a major milestone for the Pi Network and its community. With mainnet activation, Pi coins can now be transferred and traded on supported cryptocurrency exchanges, opening up new possibilities for users who want to sell Pi coins or exchange them for other digital assets or fiat money.
Can I convert pi coin to cash?
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.
Can you turn pi coin into USD?
I can help with that. Bitget converter provides PI to USD real-time exchange rates, making it easy to convert Pi [IOU] (PI) to United States Dollar (USD). The conversion result is based on real-time data. The conversion result shows that 1 PI is currently valued at 0.4052 USD.