How to Sell PI Coin? Where to Sell PI?

 

In this post I tell you how to sell your Pi coin and where you sell Pi coin all details if you like this post please comment।

Where and How to Sell Pi Coin

How to Sell PI

You can sell your PI coin on centralized crypto exchanges, like Gate.io, Bitget, OKX, and MEXC. PI doesn't supported any decentralized exchange, but you can buy or sell Pi coin.

Pi Coin is a cryptocurrency based on the PiNetwork. Everyone who has a phone, people download and enjoy free Picoin mining, Pi Coin promotes phone-based mining system. It aims to make crypto 'mining' accessible to everyone. With its mainnet launch, you can now transfer your assets and sell them on supported centralized exchanges. Pi Coin remains in the eyes of traders due to its being in the headlines.

Know the basic requirements before selling PI

Before you can sell your PI, you need to know all the details,

A Pi account: A Pi account allows you to mine Pi coins in your device. According to the announcements, if you want to sell your Pi you need to verify your Pi account and migrate to Mainnet before selling them.

Download the Pi browser app: Pi browser app is required and create a Pi wallet, complete KYC,

An exchange account: You need an exchange account to sell PI on the exchange, if you have then it is okay otherwise create an exchange account,

Other crypto wallets (optional): After selling your Pi coin for your USDT, you need to keep it safe. You can use crypto wallets, these can be hot or cold wallets.

The whole process of selling your Pi Coins

Selling Pi Coin is as easy as selling other coins, you just need to have a good exchange, we are using MEXC exchange here. The process is the same in all other exchanges

How to Create a Trading Account

1.learn create a trading account on an exchange:

2.Visit the official website of the exchange and click Sign Up from the landing page

3.Proceed to create an account by entering the required details.

5.Complete your KYC verification to start trading on the platform.

Now that your trading account is ready, you can also deposit your PI coins to the platform.

Retrieve Deposit Address on the Exchange

1.Navigate to your profile section on the trading platform.

2.Click on Deposit.

3.Select Pi Network from the list of supported assets.

4.Now Copy your Pi Wallet Deposit Address for your trading account and proceed to make a deposit.

5.Now look out for a memo. You may be required to enter a memo alongside the wallet address while transferring to an exchange.

How to Transfer PI to Your Exchange Account

1.Open your Pi Network application.

2.Click on the Menu icon at the top left corner.

Select Mainnet to proceed.

3.Click View Wallet to navigate to your Pi wallet.

4.Click Pay/Request to continue.

5.On the next page, click Manually Add a Wallet.

6.Enter the Pi wallet address you copied from your trading account and the amount you wish to deposit.

7.Click Send to complete.

Once the transaction has been confirmed by the network and the exchange, whatever amount is there will be credited to your trading account.

How to Sell Your PI

Navigate to the Markets section on the trading platform.

Search for Pi and select a desired Pi trading pair.

Click Sell to continue.

Enter the amount you wish to sell. 

You can set a price (different from the presiding market price) for your order as well.

Click Sell PI to continue.

Things to Consider When Choosing an Exchange

Here are some considerations when you are choosing an exchange to sell PI.

Spread  

The spread refers to the percentage difference between the bid price (the highest amount a buyer is willing to pay) and the ask price (the lowest amount a seller will accept) for an asset. This spread gives insight into trading costs due to the gap between bids and asks, and slippage can occur if orders can’t be fully executed at the desired price. A tighter spread usually means a more liquid market with plenty of buyers and sellers, making trading more cost-effective. You can check out the spreads for tracked pairs in CoinGecko’s Markets section, which helps with comparisons.

Depth  

Depth is a measure of an asset’s liquidity. When depth is higher, it indicates that larger trades can be made with minimal impact on the price. Conversely, lower depth suggests less liquidity, meaning that big trades might cause price fluctuations. CoinGecko uses a 2% depth metric:  

+2% Depth: This is the amount of PI you can buy before the price increases by 2%.  

-2% Depth: This is the amount of PI you can sell before the price decreases by 2%.  

Having greater depth helps reduce slippage, ensuring that trades are executed close to the intended price, which is especially important for larger transactions.

Volume  

CoinGecko provides information on 24-hour trading volume and the percentage of total volume for each exchange, reflecting how active the platform is. Higher trading volumes typically indicate a bustling trading environment, which can help minimize slippage and enhance the overall trading experience.

Fees  

Exchanges usually charge trading fees that range from 0.05% to 1% of the trade volume, and there may also be additional fees for withdrawals, deposits, or fiat conversions. Some platforms offer fee waivers or discounts based on specific assets or user criteria. It’s crucial to research these fees before choosing a platform to sell PI.

Where to Sell PI  

Here are some popular centralized exchanges where you can trade PI, but keep in mind that there may be regional restrictions and KYC requirements. Always double-check availability in your area.  

Gate.io  

Pairs: PI/USDT  

Fees: 0.1% per trade (you can get a 10% discount if you pay with GT); the USDT withdrawal fee is 4 USDT (with no minimum withdrawal on Ethereum).  

KYC: Required.  

Availability: Approximately 160 countries; however, it

OKX

Pairs: PI/USDT, PI/TRY, PI/USD, PI/EUR, PI/BRL  

Fees: 0.1% maker/taker for non-VIPs; withdrawing USDT will cost you 0.85 USDT (with a minimum of 2.85 USDT on Ethereum, and it can vary by region).  

KYC: Yes, it’s required.  

Note: This was one of the first exchanges to jump on the PI trading bandwagon.

MEXC

Pairs: PI/USDT, PI/USDC, PI/EUR  

Fees: 0% for makers, and 0.05% for takers; withdrawing USDT will set you back 0.66 USDT (with a minimum of 10 USDT on Ethereum).  

KYC:Yes, it’s required.  

Availability:Unfortunately, it’s restricted in the US, Canada, Mainland China, Hong Kong, Singapore, North Korea, Cuba, Iran, Sudan, Syria, and a few other places.

Risks of Selling PI

Unofficial Listings: Stick to businesses on Pi’s KYB verified list for transactions, as unverified platforms could lead to scams or fraud.  

IOU vs. Real PI:

Make sure the exchanges are offering real PI and not IOU tokens, which might not be redeemable. Always check against Pi’s KYB list.

Final Thoughts

Pi Network makes crypto mining easier, and with its Mainnet launch, you can now sell PI on centralized exchanges. Just a heads up, PI isn’t available on decentralized exchanges, and it’s wise to steer clear of assets that try to mimic PI’s branding. Remember, this guide is for informational purposes only and not financial advice. Do your homework before picking an exchange!

Follow for Crypto news today.

Finencepicks 

Ripple News today 

Crypto news 

How to sell Pi coin