With its 35+ million engaged user base and novel mining mechanism that allows anyone to mine Pi straight from their smartphones, Pi Network strives to bring real power back to the masses. Pi’s blockchain secures not only transactions via a mobile meritocracy system but also a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users. In the last 412 hours, PYTH/USDT recorded $ 142.26M https://www.coinbreakingnews.info/ in trading volume across 4 different cryptocurrency exchanges. You can buy Pi Network on cryptocurrency exchanges like BitMart and HTX (Huobi). However, it may be prudent to exercise patience and await the launch of the open mainnet for a more secure and conventional trading environment. Presently, the predominant peer-to-peer approach involves inherent risks, and delays in the mainnet launch have sparked concerns within the Pi community.
- However, this limitation doesn’t leave Pi coin holders without options for selling their coins.
- Before making financial investment decisions, do consult your financial advisor.
- Since I’m pretty sure I know what you’re going to say next, let me address the “I saw Pi listed on X exchange” comments.
- In other words, the goal is evidently quite abstract – to create a designated Web3 ecosystem, based completely on the new Pi blockchain network.
- These (and related) questions linger around everywhere the Pi coin is mentioned or talked about.
As of this writing in the first week of December 2021, the price of a single Pi coin is approximately $0.007 USD. If you’d rather mine Pi Coin on your mobile device or computer, you may do it with ease using their app. The program checks to see if you are a robot on a daily basis, and if you aren’t, you have to start mining again. Because of this, all you have to do to get your hands on as many Pi coins as you like is set up a mining rig on your device of choice and start earning Pi coins. The value of Pi, like the value of any other traded item, will fluctuate throughout the day. Compounding the issue is the fact that Pi is not a listed asset on any exchange at present.
Are all the top cryptocurrency exchanges based in the United States?
That’s actually not the case – even more so, Pi isn’t even available to be traded via DEXs, either. It’s essential to note that Pi coin IOUs do not equate to actual Pi coins. The price of Pi coin IOUs on platforms like Huobi and Bitmart has seen fluctuations, influenced by factors such as the anticipated release of Pi Network’s detailed roadmap, new features drop, and https://www.bitcoin-mining.biz/ more. According to the Pi Coin price prediction algorithm, the price of IOUs could rally by as much as +436% by next year, which could coincide with the opening of the Pi mainnet. It is necessary to have a verified Pi account before you can begin trading the Pi coin. That’s right, your Pi account has successfully completed the mandatory KYC verification process.
The steps required to sell Pi coins will be straightforward, regardless of the exchange platform used. Going to your crypto exchanges, for instance, and selecting “sell” from the menu is one option. Once you’ve decided on the order size and type, you may convert your cryptocurrency holdings into the fiat currency your platform uses with a single click https://www.cryptonews.wiki/ of the “put order” button. However, if you are using more than one bitcoin exchange, you will have additional choices. You may trade your Pi for other cryptocurrencies like Bitcoin, Ethereum, and Binance Coin, as well as a number of fiat currencies. Once you do that, the platform will automatically begin storing these coins in your digital wallet.
Await exchange listing
However, this limitation doesn’t leave Pi coin holders without options for selling their coins. Alternative methods include peer-to-peer transactions, direct spending at Pi-accepting merchants, and more. Pi Network is trading on 2 cryptocurrency exchanges across 2 trading pairs.The most popular Pi Network pair isPI/USDTon BitMart,where it has a trading volume of $ 148,461. You can tradePi Network with many fiat currencies includingand many stablecoins such as USDT. As a bit of a sidenote here, I do also want to point out on thing – there are A LOT of copycat projects and coins with similar names out there. Sometimes, exchange platforms get it wrong, themselves, and link users to unrelated assets.
The P2P transaction of Pi coins is possible, where individuals will exchange coins for a value amount, without the involvement of any bank or exchanges. Once PI starts trading with any fiat currency we will display the pairs here. Lastly, as you might have gathered up to this point in the “How to Buy & Sell Pi Coin”, the coin in question cannot be purchased or sold, just yet.
I’m not going to beat around the bush and tell you this straight away – if you’re looking at how to buy or sell Pi coins, you won’t be able to do so. Combine that with the fact that you have people asking, “will Pi crypto be worth anything? In recent developments, Pi Network has made efforts to attract new developers to its network, signaling potential preparations for the open mainnet launch. You could sell to “whales” and other significant holders of Pi Coins, to users in your inner circle of trust, or through a referral network of other merchants. In my experience, the Pi Whales make up the vast bulk of users who are willing to part with their Pi money.
How much do Pi Coins Cost to Buy?
To maximize the return on your Pi coin, you can either stake it or sell it.
“Phantom asset”, since it doesn’t exist yet, in a coin or token form. And yet, exchange platforms like HTX (and all the way to Binance) have articles talking about it, trackers tracking its “price”, listings of its IOUs, etc. A few Google searches might quickly form this idea that not only is Pi coin listed on a couple of major exchange platforms (HTX being one of them), but it also has a fluctuating price tag attached to it, as well. Once your Pi crypto has been deposited into your exchange account, you can now place a sell order. Go to the trading section of the exchange and select the Pi trading pair you wish to use (e.g., Pi/USD or Pi/BTC).
Additionally make sure your User-Agent is not empty and is something unique and descriptive and try again. If you’re supplying an alternate User-Agent string,try changing back to default as that can sometimes result in a block. Notably, there have been instances where even larger purchases, such as a car, were facilitated through Pi payments, as reported on the Pi Core team’s official social media. Those who have mined or otherwise amassed a large quantity of Pi Coins have two ways to turn a profit.
The only challenge in this process is to find a platform or merchant who agrees for Pi as a currency in exchange for their product. Currently, the best Pyth Network exchange to buy PYTH is Binance, which saw $ 50.88M worth of Pyth Network trading volume in the last 24 hours. However, you can also choose from other exchanges that list PYTH, such as KuCoin, Kraken, Bybit, OKX and gate.io. The majority of Pi Network trading with stablecoins is done on BitMart.
”, but rather whether the project is even worth looking into and trying out, in the first place. One last option is to trade your Pi coins for another asset, or vice versa, on a centralized exchange. Again, this process is straightforward and streamlined to be as simple to do for beginners as possible. Obviously, looking at how to buy & sell Pi coins via a centralized exchange, you’ll probably notice rather quickly that the process is far easier than it’d be doing it via a DEX. The current state of things is clear – you can’t buy Pi Network coin, and if you’re wondering, “can I sell my Pi coins? So, I’m here to set the scene for you – let me explain this as clearly and concisely as possible.
Fortunately, if you decide to sell your Pi coin, you can do so in the same ways as described above for purchasing Pi coins. The vast majority of Pi users plan to eventually liquidate their Pi Coin holdings. For the time being, all mined Pi exist solely on the Pi network, and Pi can only be sold to other Pi users. Pi is currently in the Enclosed Network period of Mainnet and is not approved by Pi Network for listing on any exchange or for trading, and Pi Network is not involved with any purported postings or listings. It is important to note that Pi coin IOUs are not actual Pi coins but are beneficial in providing a generalized picture of the Pi coin’s financial value. Currently, the most popular Pyth Network exchange is Binance, which handled $ 50.88M worth of PYTH trades in the last 24 hours.