It provides a comprehensive educational program through the BTCC Academy, 24/7 customer support, and robust security to both novices and experts. BTCC is a top choice for digital asset investors due to its emphasis on user contentment, which fosters a secure and informed trading environment across a variety of cryptocurrencies. There are 2 cryptocurrency exchanges tracked by CoinCodex where you can convert PI to USD. You can quickly compare the Pi Network price USD rate between five popular exchanges in the table above. Currently, Huobi Global provides the best exchange rate for Pi Network (USD denominated). Nevertheless, there is no assurance that any exchange will list Pi.
– Stay Alert to Scams
Before anything else, make sure your Pi Wallet is properly set up and secure. You’ll need this wallet to hold your Pi Coins and initiate transfers. To access it, open the Pi Browser app and go to the Wallet section. Make sure you’ve backed up your 12-word passphrase and stored it safely—this is the only way to recover your wallet if you lose access. Also, ensure your Pi Wallet is KYC-verified to allow mainnet transactions.
Pi Network is a blockchain-based project that allows users to mine cryptocurrency on their smartphones with minimal energy consumption. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, Pi coins are earned through an app, making them accessible to a wider range of users. However, the Pi Network’s real-world value and its future have been a subject of debate, particularly with respect to how to cash out Pi coins and convert them into usable currency. If you’ve completed KYC, migrated your Pi Coin to the open mainnet, and set up a compatible wallet, you’re ready to begin the process of selling. While the Pi ecosystem is still maturing, and trading options remain limited, selling Pi Coin through supported centralised exchanges can be done with relative ease. There are also ongoing debates around the mining mechanism and token distribution model.
US securities regulator to drop lawsuit against Coinbase, firm says
Unlike other mining apps, it won’t cause your phone to overheat because of its low battery use. This is because its foundation rests on users confirming and endorsing one another in order to keep the network secure. Pi Network allows users to lock a percentage of their coins for a period (e.g., 6 months, 1 year, or 3 years) to support the network’s stability. If you’ve been mining Pi for years and are finally ready to withdraw and sell your Pi Coin, this guide will walk you through the exact steps. Check the current transaction fees for both the Pi blockchain and Bitget Exchange. Also, be aware that selling cryptocurrencies may trigger taxable events depending on your jurisdiction.
Current Pi Coin Price and Market Data (
The Pi Network team has been careful not to set precise deadlines, so the actual date of the open mainnet debut is still up in the air. But once this part is up, users can use exchange listings to trade their Pi coins for fiat money or other cryptocurrencies. Currently, Pi Network is not officially listed on most major exchanges. However, as the network advances, there are anticipated future listings where users will be able to trade Pi for other cryptocurrencies or fiat currencies. Once Pi Network is launched on cryptoexchanges, the coin’s value will be significantly influenced by marketdynamics, including supply and demand. Factors such as trading volume, marketsentiment, and news related to Pi Network will play crucial roles indetermining Pi’s initial price.
- Just be mindful of fees, market conditions, and potential scams along the way.
- Pioneers are advised to always verify the identity andreputation of the party they are transacting with and use secure and traceablepayment methods.
- The pi brainstorming mobile app in December 2020 allows users to join projects, propose app ideas, and engage other users.
- Whether you’re looking to convert Pi into fiat, swap it for other cryptocurrencies, or simply understand the risks involved, this article is here to help you make informed decisions.
- BTCC has undergone various alterations throughout the years in order to adapt to the changing regulatory landscape.
- By following secure procedures—verifying KYC, utilizing wallets like Bitget Wallet, and favoring trusted exchanges such as Bitget Exchange—you can maximize your returns and minimize risks.
Once verified, users can migrate their mined Pi Coins from the Pi Network app to an external crypto exchange where Pi is listed. Exchanges that currently support Pi trading include OKX, Bitget, Bitrue, HTX, and BitMart. As the Pi Network continues to grow and attract new users, one of the most frequently asked questions is, “When can I cash out my Pi? ” Pi Network has been praised for making cryptocurrency mining accessible to the masses, but the process of turning Pi coins into real-world currency is still a mystery to many. This post will explore the timeline, requirements, and steps for cashing out Pi coins, along with the potential future of Pi as a tradable cryptocurrency.
Ripple, Stellar, and even early Dogecoin all started in this bracket before capturing mainstream attention. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of web programming on a chromebook any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.
How do you set up your Pi Network account to mining?
So you submit that invitation code, and there you go now you’re in, you just hit get started. Now I’m going to tell you how to install the PI Network app on your mobile. So first, you need to go to the weather app store or play store. If you want to make money from pi, You have an only way is Pi mining. If you want to do extra mining, you can share your referral code with friends and family to generate extra mining.
Regional and Legal Considerations When Selling Pi
When it comes to cashing out Pi, your experience can vary widely depending on where you live. Tax treatment, KYC requirements, and fiat withdrawal options differ from country to country, and overlooking these factors can lead to delays, unexpected fees, or even compliance issues. Currently, the only viable option for selling Pi Coin is through a handful of centralised exchanges. If you’re ready to trade PI, our guide to the best Pi Coin exchanges covers everything you need to know. When setting up your wallet, you’ll be given a recovery or seed phrase. Never share it with anyone or save it in unencrypted digital files.
The biggest catalyst on the horizon is its ETF application, which analysts believe has up to an 87% chance of approval. Recall that the asset plunged to a new all-time low on August 26 of $0.33 (on CoinGecko) but has recovered 10% of value since then. However, it could face some enhanced selling pressure in the following days due to the large number of token unlocks scheduled for September 2 and September 6. After that, though, the unlocks should reduce the pressure, at least in theory. The value of PI may fluctuate aggressively upon listing or within P2P markets. Monitor trends, community news, and network announcements before making a major move.
Since Pi Network is still in its early stages of Open Mainnet, transaction volumes may fluctuate, affecting the ease of withdrawals. Some believe that the large-scale selling pressure is temporary and that as demand stabilizes, the price could recover. Others caution that without substantial investment from institutional players, Pi Coin may struggle to regain its initial highs. Adding MAGACOIN FINANCE to this mix as a high-upside Ethereum-based opportunity completes a compelling picture of hidden gems poised for potential breakout. Together, these tokens highlight how undervaluation today can translate into outsized ROI tomorrow. MAGACOIN FINANCE is playing a different game—positioning itself as an altcoin that moves in step with Ethereum’s infrastructure while keeping its own identity.
As of now, Pi remains in an enclosed Mainnet, where transactions mostly happen within the Pi ecosystem and between KYC-verified members. There is no public listing on major exchanges; however, active peer-to-peer marketplaces and certain platform features offer ways to unlock PI’s value. Before discussing cashing out, it’s key to know that Pi Network is still in transition between its closed and open mainnet phases.
- It is crucial to approach these methods with caution due to varying levels of risk and legitimacy.
- Avoid using exchanges or websites that have not been officially recognised by the Pi Network community, as fraudulent Pi trading platforms do exist.
- You cannot directly withdraw Pi from the Pi Network app unless you’ve passed KYC (Know Your Customer) verification, migrated your Pi to the Mainnet, and unlocked your transferable balance.
- By following the step-by-step guide in this article, you can safely withdraw Pi coins and convert them into USD or USDT.
How to Convert Pi Into Money After It Can Be Traded?
You can see at the top generating the pi that you currently have. When you receive the text message, you enter the verification code that you received. While there has been some buzz recently about a potential Binance listing, nothing has materialized yet. The Pi Network transitioned to the Open Network period of Mainnet on Feb. 20, 2025, allowing external connectivity to the Layer-1 Pi blockchain.
Step 6: Sell Your Pi for USDT or Fiat
Behind Atlanta are Phoenix and San Diego, where ATM charges average $5.35 and $5.31, respectively. According to the survey, the average fee from cash machine providers is $3.22. Banks charge $1.64 on average, up 3.8% from 2024 — the highest since 2018. As a result, Americans in certain metro areas could how to buy option see average combined fees of more than $5.
The Athene P2P platform works by connectingbuyers and sellers of Pi coins in a secure and verified ecosystem. Users cancreate sell or buy offers, and the is gyen a stable coin system will match these offers with otherusers who have compatible needs. Once a match is found, both parties arerequired to complete the transaction by following strict verification steps toensure security and transparency. You cannot withdraw or cash-out your Pi token directly to a bank account. Pi Network Mainnet does not allow users to swap cryptocurrency for fiat currency or provide the option to link their funds to a bank account.
