How To Sell Pi Coin – Steps and Considerations

If you’re looking to sell your Pi Coin (PI) following the Open Mainnet launch on February 20, 2025, it’s essential to understand the necessary steps and considerations.

Preparing to Sell Pi Coin

Before initiating any transactions, ensure you’ve completed the following:

1. Complete KYC Verification (Deadline: March 14, 2025)

Pi Network mandates Know Your Customer (KYC) verification to confirm user identities and prevent fraudulent activities. Without completing KYC, you cannot transfer or sell your PI.

Steps to complete KYC:

• Install the Pi Network and Pi Browser apps.
• Set up your Pi Wallet within the Pi Browser.
• Navigate to the KYC section in the Pi Browser.
• Select your country and ID type (passport or national ID).
• Upload clear photos of your ID.
• Complete facial recognition verification.
• Submit the application and pay the 1 PI fee.

Note: The final deadline for KYC completion is March 14, 2025, at 8:00 AM UTC. Failure to complete KYC by this date may result in the loss of your mined PI, except for any earned within the last six months.

2. Migrate PI to the Mainnet

After KYC approval, migrate your PI from the testnet to the mainnet to enable trading.

Migration steps:

• Open the Pi Network app and access the Mainnet Checklist.
• Confirm KYC approval and enable migration.
• Link your Pi Wallet to the mainnet.
• Submit the migration request and await blockchain confirmation.

Note: Ensure migration is completed before the specified deadline to avoid losing untransferred coins.

3. Set Up and Secure Your Pi Wallet

A Pi Wallet is essential for storing and transferring your PI.

Setup steps:

• Download the Pi Browser app.
• Create a new wallet and generate a private key.
• Securely store your private key and recovery phrase.
• Enable multi-factor authentication for added security.

Important: Never share your private keys or store them online to prevent unauthorized access. If you lose your hardware wallet, consider this instruction.

Step-by-Step Guide to Selling Pi Coin

Step 1: Choose a Supported Exchange

As of February 20, 2025, several centralized exchanges (CEXs) have listed PI for trading:

• OKX: Trading starts at 8:00 AM UTC.
• Bitget: Offers PI/USDT trading.
• MEXC: Lists PI in its Innovation Zone.
• HTX (Huobi): Transitioned from IOU to full PI trading.
• BitMart: Known for speedy withdrawals (~5-10 minutes).

Note: Decentralized exchanges (DEXs) like Uniswap and PancakeSwap do not support PI as of now. Be cautious of scams claiming otherwise.

Step 2: Register and Verify Your Exchange Account

• Visit the chosen exchange’s website.
• Sign up using your email or phone number.
• Complete the exchange’s KYC process, which typically includes:
  • Submitting personal information.
  • Uploading a government-issued ID.
  • Providing proof of address.
  • Completing facial verification.

Note: Verification times may vary; some exchanges may take up to 24 hours.

Step 3: Transfer PI to the Exchange

• Log into your Pi Wallet.
• Copy your exchange’s PI deposit address.
• Initiate the transfer by entering the deposit address and confirming the transaction.
• Wait for the transfer to complete; times may vary based on network congestion.

Step 4: Place a Sell Order

• Navigate to the PI/USDT trading pair on the exchange.
• Choose between:
  • Market Order: Sells immediately at the current market price.
  • Limit Order: Sets a specific price at which to sell.
• Enter the amount of PI you wish to sell.
• Review and confirm the transaction details.

Note: OKX implements a call auction mechanism during the first hour before trading begins to ensure fair price discovery.

Step 5: Withdraw Funds

• After selling, navigate to the withdrawal section of the exchange.
• Choose your preferred withdrawal method (e.g., bank transfer, crypto wallet).
• Enter the necessary details and confirm the withdrawal.

Note: Withdrawal times and fees vary by exchange and method.

Alternative: Spend PI Directly

Instead of selling, consider using your PI to purchase goods and services:

• PiFest: An event encouraging users to spend PI at local businesses.
• Map of Pi: An app to locate merchants accepting PI.

Note: Availability of merchants accepting PI may vary by region.

Current Market Status

As of March 14, 2025, PI is trading at approximately $1.53, experiencing a decrease of 11.3% over the past 24 hours.

Important Reminders

• Beware of Scams: Only use official channels and verified exchanges to trade PI.
• Stay Informed: Regularly check official Pi Network announcements for updates.
• Security: Never share your private keys or personal information with unverified sources.

By following this guide, you can confidently navigate the process of selling your Pi Coin in 2025. Ensure all prerequisites are met, choose a reputable exchange, and stay informed to make the most of your PI holdings.