How to Sell Pi Coins? A Comprehensive Guide

The world became interested in Pi when it introduced a new way for its community members to mine Pi coins. Their creative way of mining and strong feedback system helped them connect 47 million people. If you want to sell Pi coins for something of value, you need to know how to sell pi coins. In this post we will tell you how to sell pi coins.

Overview of Pi Network

The digital currency project Pi Network was launched in 2019 to make crypto mining open and easy for everyone. Chengdiao Fan and Nicolas Kokkalis, both of whom graduated from Stanford, started it to make a crypto coin that is durable, open, and not controlled by a single group.

According to the “Stellar Consensus Protocol,” the Pi Network works. This means that users can get benefits for taking part. It is now in the second step of testing. The Pi Network is different from other cryptocurrency projects because anyone can join and mine coins for free on their phones in an eco-friendly way without using expensive devices that use a lot of power.

The free Pi coin is the main cryptocurrency of the Pi Network. There are currently 100 billion of them in circulation. In addition, 25% of all the coins are held by the core team of Pi. The Pi coins can’t be bought or sold on any cryptocurrency market, so users can only get them by mining.

How to Sell Pi Coins? 4 Ways You Need to Know

Trading or selling Pi coins doesn’t have a set way. It hasn’t opened yet, and the mainnet of the Pi Network hasn’t gone live yet. You can’t use the big cryptocurrency exchanges to trade Pi coins because of this. Let’s look at the different ways that Pi coins can be sold.

1. Peer-to-Peer transactions

People can trade Pi coins with each other directly without going through a bank or market. This is called a peer-to-peer (P2P) deal. You can use P2P to sell Pi coins whether you’re online or not.

P2P via Online: Anyone who wants to buy or sell a Pi can do so through any P2P site. This process has no safety or deal approval, making it less real. The market is overwhelmed with so many reviews and comments about scams involving Pi and P2P internet.
P2P via Offline: It is possible to send Pi in return for real money when P2P is done offline. There’s no getting around the fact that meeting someone in person is less handy than doing business online. But if a person wants to ensure their exchange is safe, they should do it offline.

2. Trading

Pi coins are still not available on many well-known cryptocurrency exchanges. But you can always trade IOUs (Interest-Bearing Obligations) for cash or other coins. IOUs are illegal agreements that take debt. They can be sold on the Pi network or through secret agreements with other users.

It is important to remember that Pi coin IOUs are not real Pi coins, but they can help you get a general idea of how much a Pi coin is worth.

3. Exchange listing

By using the exchange site, you can be sure that selling cryptocurrencies will go smoothly. Even though Pi Network’s open mainnet isn’t yet on the exchange list, it will likely go live soon. Users can sell Pi coins for cash or other cryptocurrencies on exchanges as soon as that happens.

As Pi coins become more famous, a Pi network will soon be set up on big platforms. This will make sure that transactions with the coins are safe and secure. The most recent news about getting new workers to work on Pi coins clarifies that the company is determined to start the mainnet immediately.

4. Direct Spending

If you want to buy things with Pi, you can do the same with regular cash. In this process, the only hard part is finding a site or seller who will pay Pi for their goods.

Can Traders Mine PI Network Coins, and How?

With millions of users, it’s easy for anyone to mine Pi coins for free as soon as they sign up. However, the Pi community ensures every user’s KYC is real. Here is a step-by-step guide for people who have never mined Pi cryptocurrency before:

First, users must get the Pi Network app on both Google Play and the Apple App Store.
The person must sign up for the app using their email address or a Facebook account.
Next, users are asked to pick a strong password they feel comfortable with and follow the on-screen directions.
The user must now enter the request code sent to them by the person who told them about the site.
After finishing, users may press the lightning button once every 24 hours to begin mining. Also, users don’t have to keep the app open and running for the mining to keep going. The process keeps going in the background, and all users have to do to start it up after 24 hours is click the lightning button again.

One Pi is given to the person as a prize for properly signing up. There are four groups that all Pi Network users can be put into:

Pioneer: People who mine coins on the app are called pioneers.
Contributor: People who add others to the Pi Network to make a safety circle are called contributors.

According to their name, ambassadors are users who bring new people to the network and get them to sign up. A representative can get a 25% mining bonus for every new member they bring in.

Nodes: People who use the “Pi Node” program on their computers are called “Nodes.” Users are the group you’re put into based on your job.

When Will Pi Coins Trade in Open Markets?

The core team of Pi Network says that they want to start up in 2024. They did not give an exact date for the start, though. There are three things that this start depends on, and the team is asking everyone in the community to help make everything work.

The team also devised a V2 plan to finish all the preparations for the first case. The team wants to build one of the most open P2P communities and aims to get 15 million KYC-verified pioneers. The team said some good things about the open market start, but they are still unsure because of many other bad things happening worldwide that could make it hard.

FAQs

Since April 2024, the undisclosed price has been increasing at around $37. The real cost is unknown.

There is no doubt that the Pi Network is real. In 2024, its Pi open network will go live, and soon after, the Pi coin will be able to be bought and sold on the market.

To sell your Pi coins on Binance, you must first transfer them to Binance. You may visit the trading area, search for the Pi coin trading pair (PI/USDT, for example), and post a sell order at the desired price after your Pi coins are listed on the Binance market.

You can sell pi coin Pakistan by following the above describe method. However, you need to first transfer money in PayPal account and then buy digital currency in order to create an account on an exchange wallet.

Conclusion

The people who use Pi Coins believe them a lot, and society trusts them, too. In this article, you’ll learn how to sell Pi coins, but the token is not yet ready to buy. Even though the internet is full of juicy guesses about how much it will be worth, we still have to wait until it trades on open markets. All the answers are secret until they are officially launched on the mainnet. The value could be as high as the internet says it is or as low as it is.