How To Sell Pi Coin: A Step-By-Step Guide

If you have been waiting to trade your Pi Coin, the time has finally come. Pi Network’s Open Mainnet launches on February 20, 2025, at 8:00 AM UTC. This marks a major milestone after six years of development.

With this launch, Pi Coin will become tradable on major exchanges like OKX. It will be available for trading against USDT. This listing is expected to boost liquidity and provide new opportunities for Pioneers who want to sell their mined Pi.

But before you can sell, it is important to understand how to sell Pi Coin the right way. The most important step is to complete the Know Your Customer (KYC) process. This step maintains compliance and allows you to transfer and trade your coins.

As of mid-February 2025, Pi Network has already verified over 19 million users. If you have not completed KYC yet, you cannot sell the token.

This guide will explain everything you need to know about selling Pi Coin. It covers KYC verification and making your first trade.

Whether you are reading this before or after the mainnet launch, now is the time to prepare and take advantage of this new chapter for Pi Network.

Key Takeaways

• Pi Coin is tradable on major exchanges like OKX after the mainnet launch on February 20, 2025.
• To sell Pi Coin, users must complete KYC verification. Without it, transferring Pi to an exchange is not allowed.
• After verification, users can transfer Pi Coin to a supported exchange and place a sell order. Always follow regional cryptocurrency regulations.

What is Pi Network?

Pi Network is a mobile-based cryptocurrency platform designed to make crypto mining accessible to everyone.

Unlike traditional mining, which requires expensive hardware and consumes high amounts of energy, Pi Network allows users to mine Pi coins directly from their smartphones with minimal resource usage.

This innovation aims to democratize cryptocurrency and enable global participation in the digital economy.

Mining Pi is simple and user-friendly. Users only need to open the Pi Network app daily and tap a button to mine. This makes it one of the easiest ways to earn cryptocurrency.

The network is built on a security model that relies on trust circles. This enhances decentralization and reduces fraud risks.

Moreover, Pi’s mining process is energy-efficient and aligns with the demand for sustainable blockchain applications.

Since its launch, Pi Network has gained massive traction by surpassing 70 million users worldwide.

This strong and engaged community plays a crucial role in the network’s security and future growth, which makes it one of the largest cryptocurrency projects in terms of participation.

A major milestone for Pi Network is its Open Mainnet launch on February 20, 2025.

This transition will open Pi Network to external blockchain networks and financial systems. Users will then be able to utilize Pi coins for real-world transactions.

Key Impacts of the Mainnet Launch:

• Trading Opportunities: Pi Coin will be listed on major exchanges like OKX and Bitget.
• Cross-Chain Interoperability: Pi will integrate with other blockchains.
• DeFi and NFT Integration: Developers can create decentralized applications.
• Real-World Use: Businesses may start accepting Pi as payment.

With over 10 million verified KYC users and increasing dApp integration, Pi Network is on its way to becoming a significant player in the crypto space.

How to Sell Pi Coin: A Step-by-Step Guide

If you’re looking to trade Pi Coin, follow these simple steps below:

• Step 1: Create an Account on OKX, BitGet, BitMartor another compatible exchange
• Step 2: Transfer Pi Coin to an Exchange
• Step 3: Place a Sell Order
• Step 4: Withdraw Funds

Let’s go through each step in detail!

Step 1: Create an Account on a Compatible Exchange

To start, visit the OKX website or another leading exchange such as BitGet or BitMart, and sign up for an account using your email or phone number.

Let’s explore the process for OKX, to illustrate the steps involved.

After registering, complete the Pi Coin KYC process, which involves verifying your identity by uploading a valid ID and following the platform’s guidelines. This step maintains security and compliance with regulations.

Lastly, enable two-factor authentication to protect your account from unauthorized access.

Step 2: Transfer Pi Coin to an Exchange

Once your account is set up, you need to transfer your Pi Coin from the Pi Network wallet to the exchange, such as OKX.

First, open your Pi Network wallet and copy your OKX Pi Coin deposit address.

Then, initiate the transfer by entering the deposit address and confirming the transaction.

It may take some time for the transfer to be completed, depending on network congestion.

Step 3: Place a Sell Order

Now that your Pi Coin is in your OKX trading wallet, it’s time to sell.

Choose the appropriate trading pair, such as PI/USDT or PI/BTC, to proceed.

You can either use a market order to sell immediately at the current price or a limit order to set your preferred selling price.

Using a limit order gives you more control over the price, while a market order provides a quicker transaction.

Follow these steps to sell Pi Coin on OKX and convert it into your desired currency.

Step 4: Withdraw Funds

After successfully selling your Pi Coin, you can withdraw your proceeds to a fiat account or another cryptocurrency wallet.

To do this, go to the withdrawal section on OKX, select your preferred method, and enter the necessary details.

If converting Pi Coin to fiat, you may need to transfer the funds to your bank account via supported withdrawal options.

Always double-check the transaction details before confirming to avoid errors.

History of Pi Coin

Pi Coin is the native cryptocurrency of the Pi Network. It was introduced in 2019 as an innovative digital currency designed to make cryptocurrency accessible to the masses.

Origin and Vision

• Launch Date: Pi Network was launched on March 14, 2019 (Pi Day) to reflect its mathematical inspiration.
• Founders: The project was co-founded by Dr. Nicolas Kokkalis, a Stanford PhD in computer science. Dr. Chengdiao Fan, a social scientist with expertise in decentralized applications, also played a key role.
• Objective: Pi Network aims to create a digital currency that anyone can access through a smartphone without needing expensive mining equipment.
• Decentralization Goal: The network seeks to give users control by enabling peer-to-peer transactions without depending on traditional banking systems.

Key Development Milestones

2019—Initial Development & Beta Phase

• Pi Network launched its mobile app. Users could mine Pi Coins through a simple “tap-to-mine” mechanism.
• The project gained traction quickly and reached millions of users within its first year.

2020—Growth and Community Building

• Pi Network continued expanding its user base and laid the foundation for a secure and decentralized ecosystem.
• The Pi Testnet was introduced to allow developers and users to interact with the blockchain before the official launch.

2021—Development of Utility and Ecosystem

• Pi Network introduced the Pi Browser to support decentralized applications .
• A KYC verification process was established to ensure legitimate participation in the network.

2022-2024—Enclosed Mainnet & Ecosystem Expansion

• The Enclosed Mainnet Phase was begun. Users could use Pi within the ecosystem, but external transfers were restricted.
• Marketplaces and utilities were developed within the network where users could exchange Pi for goods and services.
• KYC verification efforts continued to onboard legitimate users for future scalability.

February 2025—Mainnet Launch

• Pi Network transitions to an Open Mainnet that enables full decentralization and external transactions.
• This milestone will allow Pi Coin to become widely tradable on global exchanges and achieve the project’s long-term vision.

The history of Pi Coin highlights its steady evolution from a concept to a fully functional cryptocurrency. A strong community-driven approach has shaped its journey.

Key Features of Pi Coin

Pi Coin introduces a unique approach to cryptocurrency mining and consensus mechanisms. This makes it more accessible and energy-efficient compared to traditional cryptocurrencies like Bitcoin and Ethereum.

Below are the key features that define Pi Coin and its network.

Mobile-First Mining Model

Pi Network employs a mobile-first mining model. This sets it apart from traditional cryptocurrencies by improving accessibility and efficiency.

• Mining on Smartphones: Unlike Bitcoin and Ethereum, which require expensive hardware and high energy consumption, Pi Network allows users to mine directly from their smartphones. Users only need to tap a button every 24 hours.
• Low Energy Consumption: Pi’s mining process does not involve solving complex cryptographic puzzles. It uses a trust-based consensus mechanism that significantly reduces energy consumption.
• Greater Accessibility: Anyone with a smartphone can participate in Pi mining. This makes it an inclusive system for users without technical expertise or financial resources.
• Transaction Speed: Pi Network claims its transactions are about 120 times faster than Bitcoin. It has a block time of approximately 5 seconds compared to Bitcoin’s 10 minutes.
• Eco-Friendly: The mobile-based approach minimizes environmental impact. This makes it a more sustainable option compared to energy-intensive proof-of-work systems.

Stellar Consensus Protocol

Pi Network utilizes the Stellar Consensus Protocol as its consensus mechanism. This provides a decentralized and efficient way to validate transactions.

• Trust-Based Quorums: Instead of mining through computational power, Pi’s SCP model relies on trusted nodes that form quorum slices. This maintains security and consensus in a decentralized manner.
• Voting Mechanism: Transactions undergo validation through rounds of voting among trusted nodes. This eliminates the need for energy-intensive proof-of-work.
• Scalability: SCP enables Pi Network to handle high transaction volumes efficiently. It maintains both security and speed.
• Energy Efficiency: Unlike PoW-based systems, SCP consumes minimal energy. This allows for sustainable mobile mining without harming the environment.

New Features Unlocked with Mainnet Launch

The Open Mainnet introduces the following key features that improve the functionality and usability of Pi Coin:

• Removal of Restrictions: The mainnet removes operational limitations. This allows seamless integration with external platforms and real-world applications.
• Real Transactions: Users can convert Pi coins into fiat currencies and conduct real-world transactions. This increases Pi’s legitimacy as a cryptocurrency.
• Expanded Application Ecosystem: Over 100 mainnet-ready applications are accessible through the Pi Browser. This allows users to explore decentralized applications and services.
• Enhanced User Verification: Over 19 million Pioneers have completed KYC verification. This reinforces network security and trust.
• Lower Transaction Fees: The mainnet introduces significantly reduced fees. Transactions now cost just 0.0000099 Pi, which makes frequent transactions more affordable.
• Community Engagement: The open mainnet encourages collaboration among users, developers, and businesses. This supports innovation within the Pi ecosystem.
• Liquidity and Exchange Listings: The mainnet launch makes it possible for Pi Coin to be listed on major cryptocurrency exchanges. This increases liquidity and market adoption.

Pi Network’s mobile-first mining model, combined with its use of the Stellar Consensus Protocol and the new features introduced with the mainnet, positions it as a unique player in the cryptocurrency landscape.

Getting Started with Pi Coin

Entering the Pi Coin ecosystem is simple and accessible to anyone. Follow these steps to start mining and earning Pi Coin with ease.

• Step 1: Download the Pi Network App
• Step 2: Create a Pi Network Account
• Step 3: Start Mining Pi Coin

Check out the detailed steps below to get started the right way!

Step 1: Download the Pi Network App

To start mining Pi Coin, download the Pi Network app from the Google Play Store (for Android) or the Apple App Store (for iOS).

After downloading, install the app like any other mobile application.

Once installed, open the app and proceed to create your account.

Step 2: Create a Pi Network Account

Open the app and sign up using your phone number or a social media account.

After entering your details, set a strong password to secure your account.

The platform requires a referral code from an existing user, so you must enter one to proceed.

Once your account is created, you need to complete the KYC verification. This involves submitting a government-issued ID and, in some cases, using facial recognition for identity confirmation.

After submission, you will need to wait for approval.

KYC verification is essential because only verified users can fully participate in the Pi Network and secure their mined coins.

Step 3: Start Mining Pi Coin

Before the mainnet launch, mining Pi was simple. Users tapped a button daily in the app to earn coins.

This process followed the Proof of Consensus model, where users contributed to network security through social trust instead of computational power.

Users took on roles such as Pioneers (daily miners), Contributors (building trust), Ambassadors , and Nodes (running network software).

After the Open Mainnet, mining will continue but with changes:

• Real Transactions: Users can trade Pi on exchanges.
• External Connectivity: Pi can integrate with other crypto networks.
• Adjusted Mining Rates: Mining rewards will decline over time.
• KYC & Migration: Only verified users can transact.

Mining Pi remains accessible, but the evolving ecosystem will make it even more valuable.

Setting Up a Wallet for Pi Coin

To store and manage your Pi Coin, you can use the Pi Network Wallet or a third-party wallet after the mainnet launch.

Using the Pi Network Wallet

To store and manage your Pi Coin, you need to set up the Pi Network Wallet. Follow these steps to get started:

1. Download the Pi Network App – Install the app from the Apple App Store or Google Play Store.
2. Register an Account—Sign up using your phone number or email and complete the verification process.
3. Access the Pi Browser—Open the Pi Network app, tap the menu icon, and select “Pi Browser.” If you haven’t downloaded it yet, install the Pi Browser app.
4. Create Your Wallet—In the Pi Browser, navigate to the wallet section and follow the instructions to generate your wallet. You’ll need to set up a PIN or password.
5. Backup Your Wallet—Write down your recovery phrase (seed phrase) and store it securely. This phrase is essential for restoring access if you lose your device.
6. Verify Your Wallet—Check your wallet address and balance. Perform a small test transaction to confirm everything works correctly.

To protect your wallet and funds, follow these security measures:

• Secure Your Seed Phrase—Store it safely and never share it.
• Use a Strong Password—Combine letters, numbers, and special characters.
• Enable 2FA—Adds extra protection against unauthorized access.
• Utilize Biometric Authentication—Use fingerprint or facial recognition for added security.
• Keep Your Device Secure—Regularly update your OS and Pi app, and avoid public Wi-Fi without a VPN.
• Be Cautious of Phishing Attempts—Ignore suspicious messages asking for credentials.

Third-Party Wallets (Post-Mainnet)

After Pi Coin’s mainnet launch, external wallets will likely support it. While no official list exists yet, potential options include:

• Software Wallets—Apps like Trust Wallet, MetaMask, and Exodus for mobile or desktop.
• Hardware Wallets—Secure offline storage solutions like Ledger Nano S/X and Trezor.
• Web Wallets—Online wallets such as Coinbase Wallet and Binance Wallet.

Choosing a secure and reputable wallet will help protect your Pi Coin investments post-mainnet.

Understanding the Pi Network

Pi Network is a decentralized cryptocurrency that allows users to mine Pi coins directly from their smartphones.

Unlike Bitcoin and Ethereum, which rely on energy-intensive mining, Pi Network uses the SCP to secure transactions efficiently.

The network employs a unique structure where each node selects trusted nodes, known as Trust Slices, to validate transactions.

Users form Security Circles to verify transactions. This prevents fraud and strengthens network security.

Pi Network operates differently from PoW-based blockchains like Bitcoin. It offers a more accessible and energy-efficient mining model, such as:

• No Complex Calculations: Instead of solving mathematical puzzles, Pi Network’s consensus is based on trust and voting.
• Lower Energy Consumption: Unlike Bitcoin miners, Pi users don’t need expensive hardware or excessive electricity.
• Smartphone Mining: Users can mine Pi with minimal impact on their device’s battery.
• Scalability: The SCP model allows Pi Network to handle more transactions efficiently.

The Open Mainnet launch brings significant upgrades to Pi Network’s functionality and usability, including:

• Full blockchain connectivity
• Utility expansion
• Cross-chain compatibility
• Layer 2 integration
• Exchange listings
• Business adoption
• Security and scalability upgrades

With firewall restrictions removed, the network integrates seamlessly with other blockchains.

As a result, Pi tokens gain expanded utility and function within decentralized apps and peer-to-peer transactions.

Furthermore, Protocol Version 19 introduces cross-chain compatibility so Pi Network can connect with other blockchain ecosystems.

In addition, Layer 2 integration enhances scalability and boosts transaction speed.

Pi tokens are now available for trading on both centralized and decentralized exchanges, increasing accessibility.

Verified businesses accept Pi coins for goods and services so real-world adoption expands further.

Lastly, the v19 update strengthens security, enhances scalability, and optimizes overall network efficiency.

Understanding the Pi Network Mainnet Launch

The Pi Network Mainnet launch represents a significant transition for Pi holders. It will shift from an enclosed system to an open blockchain that introduces new functionalities and opportunities.

Transition from Enclosed Mainnet to Open Mainnet

This transition allows Pi Coin to move beyond its restricted ecosystem. Holders will gain greater freedom in how they use and exchange their assets.

• Direct Transactions: Users will send and receive Pi Coin without restrictions.
• Integration with Other Blockchains: The open mainnet will allow Pi Coin to interact with external platforms.
• Decentralized Applications : Developers will build and launch dApps on the Pi Network blockchain.
• Smart Contracts: The network will support smart contracts. These will enable automated agreements and improve usability.
• Security and Scalability Enhancements: Improved security protocols and network scalability will support increased user adoption and activity.

Impact on Pi Coin’s Trading and Liquidity

One of the most anticipated outcomes of the open mainnet launch is its effect on Pi Coin exchange opportunities.

Pi Coin will become available for trading on major cryptocurrency exchanges. This will provide liquidity and accessibility.

• Trading on Exchanges: OKX and Bitget have confirmed Pi Coin listings. Trading will begin on February 20, 2025.
• Market Valuation: The open market will determine the actual value of Pi Coin based on supply and demand.
• Increased Liquidity: Listing on exchanges like OKX, which has over 20 million users, will generate high trading volumes.
• Global Accessibility: Users worldwide will buy, sell, and use Pi Coin beyond the Pi Network ecosystem.
• Potential Binance Listing: While not confirmed, Binance is closely monitoring the launch. Strong community support could influence its decision.

In summary, the Pi Network Mainnet launch marks a turning point that will define Pi Coin’s future. Its role on Pi Coin trading platforms and in the broader cryptocurrency market will become more established.

 

Frequently Asked Questions

1. 01.

   Can Pi coin be sold?

   

   Currently, Pi Coin cannot be sold directly on major cryptocurrency exchanges because the Pi Network mainnet has not been officially launched yet. However, you can sell Pi Coin through peer-to-peer (P2P) transactions, either online or offline, but be cautious of scams.

2. 02.

   Can you convert Pi Coin to cash?

   

   Yes, you can convert Pi Coin to cash by trading it peer-to-peer or through Pi Coin IOUs on some exchanges. Another option is to use PayPal or similar payment platforms to convert Pi Coin to cash.

3. 03.

   How can I sell my PI for money?

   

   To sell your Pi Coin for money, you can use peer-to-peer transactions, trade Pi Coin IOUs on certain exchanges, or use payment platforms like PayPal to convert your Pi Coin to cash. Waiting for the official listing on major exchanges will also provide a straightforward way to sell.