How to Buy & Sell Pi Coin in 2024: An In-Depth Breakdown

how to sell pi coin

In fact, Bitcoin mining uses up enough energy to power an entire European nation. This has given critics a reason to avoid and prevent the widespread use of cryptocurrencies. Especially in a world that is attempting to move towards a more green and energy-efficient industry. The first step to mining Pi Network coins is to download and install the Pi Network app. The app is available for both Android and iOS devices and can be downloaded from the Google Play Store or the Apple App Store. 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.

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By following the steps outlined in this section, users can start mining Pi Network coins and become part of the growing community of Pi Network users. It is important to note that in order to sell your Pi Network coins, you must have completed the full 30-day mining cycle and be eligible for withdrawal. Once eligible, you can sell your Pi coins using peer-to-peer transactions or by using a cryptocurrency exchange.

how to sell pi coin

How to buy Pi Coin with Bitcoin

how to sell pi coin

For those who prefer not to engage in selling, Pi coins can be directly used to purchase goods and services from participating merchants. Some businesses accept Pi as payment for various products and services, expanding its practical utility. Just like buying products and services using fiat currency, Pi can be directly spent on goods and services. 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.

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  1. Before starting his career in finance, Nishit studied at the University of Warick where he was an active member of the Hedge Fund society.
  2. You can buy Pi Network on cryptocurrency exchanges like BitMart and HTX (Huobi).
  3. At the time of writing, selling Pi Coins through any cryptocurrency exchange is impossible.
  4. These include digital products such as e-books, online courses, and software, as well as physical products like clothing, accessories, and household items.

In-person meetings are less prone to scams and should be held in areas with security cameras. Pi is a crypto project enabling you to mine Pi Coins for free from your mobile device. Due to this accessibility, many users, potentially thousands or millions, have mined huge amounts of Pi Coins and are now looking to sell their assets. Since the only real way to sell PI is peer-to-peer, you’ll have to trust the person who is buying your Pi coins to keep their end of the deal.

No, crypto wallet isn’t needed if you choose to buy Pi coins through CFD platforms such as eToro. However, buying actual Pi coins through a wallet means that you will be able to transfer cryptocurrencies between platforms. However, it is worth noting that the platform was hacked in 2021 which should encourage traders to proceed with caution. Never the less, the platform has tightened its security since the attack. If you’re looking for a user-friendly platform to buy Pi Coin in 2024, BitMart offers a simple interface, intuitive charting tools and a range of helpful features.

The nature of the project means that millions of users have mined a considerable number of Pi coins and are now wondering where to sell them. At the moment, you cannot sell Pi coins on Binance or some other cryptocurrency exchange, like you would Bitcoin or Ethereum, for instance. However, that doesn’t mean that you are completely out of luck when it comes to selling your Pi coins.

These include staking to earn rewards, integration with other blockchains, decentralized finance (DeFi) borrowing against Pi coins, and ultimately exchange listings. However, it’s crucial to note that these IOUs are NOT actual Pi coins. The IOUs simply mirror future price movements, while carrying the risks of extreme volatility. Only deal with direct and indirect bills trusted buyers, never send coins first, and avoid deals that seem too good to be true. However, as Pi Network continues to expand, many users who have accumulated a sizeable amount of Pi coins are looking for ways to sell them. Unfortunately, selling Pi coins is currently not straightforward due to the project still being in development.

Once eligible, Pi coins can be sold using peer-to-peer transactions or through a cryptocurrency exchange. In the last 324 hours, AUCTION/USDT recorded $ 14.84M in trading volume across 2 different cryptocurrency exchanges. You can buy Bounce Token with a credit card on Binance and other exchanges like KuCoin, OKX and gate.io.

The team also released a V2 roadmap to finish all the preparation required under the first condition. Along with a target to achieve 15 million KYC-verified pioneers, the team has a vision to build one https://cryptolisting.org/ of the most inclusive P2P ecosystems. Although the team made promising claims about the open market launch, they remain skeptical about many other unfavorable global factors that may act as hindrances.

It is widely speculated that Pi coins will be listed on cryptocurrency exchanges once the mainnet goes live. The secure gateway has yet to open, and the launch of the Pi Network mainnet is pending. This is the reason why you don’t find Pi coins on major crypto exchange platforms for trading. While the final option might not be what you want to hear, the reality is that you’d probably be best served to wait for the official launch of the Pi Network open mainnet. It is widely believed that the Pi coin will be listed on cryptocurrency exchange once the mainnet is open. When (if?) that happens, PI will be traded like any other coin or token, meaning that you won’t have to worry about potentially getting scammed or getting a bad deal on your coins.

One of the most important factors to consider is the fees charged by the platform. Others may offer lower fees but have additional costs, such as withdrawal fees or deposit fees. Make sure to research the fees charged by each platform and choose one that offers a fair fee structure. It is important to note that the mining rate will decrease over time.

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