How to Sell Pi Coin at High Price?

How to Sell Pi Coin : Pi Coin is a cryptocurrency designed to be mined using mobile devices, making it accessible to a broader audience without the need for expensive hardware or complex setups. Launched in 2018, Pi operates on the Pi Network, a decentralized platform that allows users to earn coins by participating in a social network rather than depending on traditional mining methods.

Key Features of Pi Coin:

1. Mobile Mining: Users can mine Pi coins directly from their smartphones by simply tapping a button in the Pi Network app. This feature democratizes cryptocurrency mining, allowing anyone with a mobile device to participate.
2. Unique Ecosystem: The Pi Network creates a user-friendly environment where mining can be done without the need for powerful GPUs or mining rigs. This innovative approach opens up cryptocurrency to a larger audience.
3. Referral System: The Pi Network encourages growth through a referral system, rewarding users for inviting friends and family to join. This model fosters community engagement and accelerates network expansion.

1. How to Sell Pi Coin After Mainnet Launch

Once the Pi Network launches its mainnet (Expected in Phase 3), users will have the opportunity to sell Pi Coin. Here’s a step-by-step guide on how to sell Pi Coins:

Step 1: Choose a Reputable Cryptocurrency Exchange

• After the mainnet launch, Pi will be listed on various cryptocurrency exchanges. Research and select a trustworthy exchange that operates in your region and offers competitive trading fees.

Step 2: Set Up a Trading Account

• Create an account on the chosen exchange by providing your personal and financial information. Complete the KYC (Know Your Customer) verification process, which may require submitting identification documents. Enable two-factor authentication for added security.

Step 3: Transfer Pi Coins to Exchange Wallet

• Once Pi become tradable, transfer your coins from the Pi Network wallet to your exchange wallet. The exchange will provide a deposit address and instructions for the transfer process. Follow these instructions carefully to avoid issues.

Step 4: Place a Sell Order

• After transferring your Pi to the exchange, go to the trading interface and place a sell order and this is how to sell your pi coin you have.
• Market Order: Executes immediately at the current market price.
• Limit Order: Sets a specific price at which you’re willing to sell

Step 5: Withdraw Proceeds to Bank Account

• By successfully selling your Pi Coins, withdraw the proceeds to your linked bank account or e-wallet.

2. Trading IOUs

Before seeing how to sell pi coin, know that users can trade IOUs (Interest-Bearing Obligations) for fiat or other cryptocurrencies. Although IOUs are not actual Pi Coins, they provide insight into Pi’s financial value.

3. Exchange Listings

Once the Pi Network’s mainnet launches, Pi are expected to be listed on major exchanges, allowing for secure trading. Checkout our Best Crypto Exchanges for beginners and signup on it.

4. Direct Spending Options

You might also be able to use Pi directly for purchases, depending on whether merchants accept Pi as payment. While this option is less common, it could become viable as the network grows.

Essential Preparations for Selling

1. Complete KYC Verification: Ensure your KYC (Know Your Customer) verification is done within the Pi Network, as selling is not possible without it.
2. Migrate to Mainnet: Confirm that your Pi have been migrated to the mainnet for selling to be possible.
3. Stay Informed: Regularly check official Pi Network channels for updates on the mainnet launch and exchange listings.

Mining Pi Coins: A Step-by-Step Guide

While you prepare to sell, you can continue mining Pi Coins by following these steps:

1. Download the Pi Network App: Available on both Google Play and the App Store.
2. Sign Up: Create an account using your email or Facebook account and set a secure password.
3. Enter an Invitation Code: If you were referred by another user, enter their invitation code to join the network.
4. Begin Mining: Click the lightning button every 24 hours to mine Pi Coins. The app operates in the background, so it doesn’t need to be open while mining

Source : Coinmarketcap

It is important to be careful about any Pi Coin listings before the mainnet launches. Coins you see on exchanges now are probably fake and not the real Pi Coin. The real Pi Coin will be available only after the mainnet goes live, ensuring it’s secure and verified.

Conclusion

As Pi Coin is still in its testing phase, users can currently mine and accumulate Pi Coins through the Pi Network app. Once the mainnet launches, the process of selling Pi Coins will become accessible, providing opportunities for users to trade their earned coins on established cryptocurrency exchanges. Always prioritize safety and research before engaging in transactions to protect your investments.