Pi is getting more and more interesting and attracting the public’s attention. They want to buy or trade in Pi (PI) but might not know how to buy pi coin or where to buy pi crypto. Pi (PI) was released on the Blockchain Network. The number of apps that support PI has been slowly growing thanks to the work of the Pi development team and community members. This shows that the crypto industry has a lot of promise. We will tell you everything you need to know about buying Pi here.
How to buy Pi Coin?
You can’t trade Pi (PI) for cash or a spot on the Bitrue market. On the other hand, you can buy PI on decentralized markets (DEX). Just link your cryptocurrency wallet to a DEX, pick the PI trade pair, and finish the order process. Here is a step-by-step guide on how to buy PI:
Step 1: Choose a Crypto Wallet
Pick a crypto wallet to keep your coins safe. Choose the one that works well for you in your area, takes the payment method you prefer, and has the rules you like. Here are some well-known and trustworthy cryptocurrency wallets: Coinbase Wallet, MetaMask, TrustWallet, and more. Get the wallet add-on for Google Chrome or the app from Google Play or the iOS App Store.
Tip: Find out more about the different types of cryptocurrency wallets that work best for the way you trade. Hot wallets are good for beginners because they let you make quick payments online so that you can swap a lot. But if you want a safer wallet, consider looking into cold wallets, which aren’t tied to the internet. Cold wallets are good for keeping a lot of cryptocurrencies for a long time.
Step 2: Set up your Wallet
Start by making an account: Give information about yourself and choose a strong password. Afterward, you’ll be given a secret healing word called Seed Words. This has 12 words that were selected at random and is a safety step in case you lose this Wallet. Before going on to the next step, it’s important to write it down carefully.
Step 3: Buy your base currency
When you sell PI and other coins for this, you will get another coin. To do this, pick a coin market and buy your base cash. You can use several different base currencies to buy Pi (PI). Most of the time, these are the basic and well-known coins, like Bitcoin, Ethereum, and Tether.
Tip: If you’ve never traded, start with a small amount to keep yourself safe. Because the market is so volatile, you must know about the trends, trade fees, and crypto taxes.
Step 4: Add money to your Wallet
You can get your base currency from the exchange and put it in your crypto wallet once you’ve bought it. Sign in to your account on the exchange platform you picked in Step 3. Next, you need to give the address of your cryptocurrency wallet and the amount you want to send. You should see your money in your crypto wallet after a short wait.
Step 5: Choose a Decentralized Exchange (DEX)
A decentralized exchange (DEX) is a tool that lets people who want to buy or sell cryptocurrencies connect. There are many DEXs to choose from; in Step 2, you must ensure that the exchange works with the Wallet you picked. If you have a Binance wallet, you can finish the trade by going to Pancake Swap.
Tip: You should look at the exchange’s trading fees and compare how liquid the trading pairs are. Prices are usually better, and spreads are smaller when available.
Step 6: Buy Pi (PI) with your base currency
You need to link your DEX to your bank, and then you can start trading. Pick PI from the list and type in the trade amount.
Tip: Don’t forget to spread out your investments. Putting all or most of your money into a single coin can be risky. Watch out for market hype, and don’t trade out of fear of missing out (FOMO). Spreading out your risks and improving your chances of success are two benefits of diversifying your assets. Check out the coins below that look like this one.
Step 7: If you can’t find Pi (PI), look for its Smart Contracts
If the coin you want is not on the DEX, you can use bscscan or etherscan to find the smart contract address. After that, you can copy it and put it into Pancake Swap. Watch out for scams, and make sure you have the right location for the deal.
FAQs
To buy Pi Network with real money, you can first buy USDT on Kraken with real money and then move your USDT to an exchange that trades Pi Network. For example, HTX (Huobi) is the most popular place to trade with USDT.
The USDT can buy Pi Network on the HTX (Huobi) market. In the past 24 hours, HTX (Huobi) made trades worth $55,932 on the Pi Network.
Conclusion
In this guide we discussed how to buy Pi coin as a lot of people have showed their interest in buying Pi coin because of its mobile mining feature which is easy and less power consuming as you only need to tap the mine button on your phone and mining will start. But before buying please consider its all aspects as it’s not fully developed yet and major trustable exchanges hasn’t listed it yet.