Jon is a senior writer at CoinCodex, specializing in blockchain and traditional finance. With a background in Economics, he offers in-depth analysis and insights into cryptocurrency trends and the evolving financial landscape. Jon’s articles provide clarity on complex topics, making him a valuable resource for both crypto enthusiasts and finance professionals. The rising popularity of Pi coins will soon help establish a Pi network on major exchanges, and this will ensure a safe and secure deal with the coins. The latest reports about attracting new developers for Pi coins clearly indicate that the company is strongly committed to launching the mainnet as soon as possible.
Can Traders Mine PI Network Coins, and How?
The P2P transaction of Pi coins is possible, where individuals will exchange coins for an agreed amount, without the involvement of any bank or exchanges. Currently, the most popular Moonriver exchange is Binance, which handled $ 3.86M worth of MOVR trades in the last 24 hours. Even after selling, maintain security practices to safeguard your assets from potential threats.
Learn how to buy & sell Pi coin, and decide whether or not the project is the right choice for you!
If you have a bunch of Pi coins sitting in your wallet and you don’t like other selling methods, you might want to consider spending your PI directly on products and services at supported merchants. There are some businesses that accept PI for different products and services, from selling silver in exchange for PI to accepting PI in exchange for gaming items. There was even a case of a car that was sold for PI, according to the Pi Core team’s X (formerly Twitter) account. The main cryptocurrency of the Pi Network is its free coin, Pi coin, whose maximum supply is currently capped at 100 billion. Furthermore, the core team of Pi holds 25% of the total number of coins.
Await exchange listing
When Bitcoin was just starting out, and there were no crypto exchanges around, users would sell BTC via PayPal or some other payment service with no involvement of any third party. Being on the exchange platform ensures reliable trading of cryptocurrency. Although Pi Network open mainnet is still not officially out on the exchange list, it is highly anticipated to launch soon. As soon as that happens, users can trade Pi coins for fiat currency or cryptocurrencies on exchange platforms.
The secure gateway has yet to open, and the launch of the Pi Network mainnet is pending. This is the reason why you don’t find Pi coins on major crypto exchange platforms for trading. You can buy Moonriver with USDT on the Binance cryptocurrency exchange. Binance is one https://cryptolisting.org/ of the most popular cryptocurrency exchanges in the world, and handled $ 3.86M worth of Moonriver trading volume in the last 24 hours. Binance also lists a very large number of other cryptocurrencies, so you will have plenty of trading options in addition to Moonriver.
Here you can find list of all PI exchanges where you can buy and sell Pi Network, trade PI with other cryptocurrencies including stablecoins, and fiat currency. You can search by exchange name to find out if PI is available on your desired crypto exchange. While patience may not be the preferred route, it’s worth considering waiting for the official launch of Pi Network’s open mainnet. It is widely speculated that Pi coins will be listed on cryptocurrency exchanges once the mainnet goes live.
Look for an exchange with a user-friendly interface, high security standards, and reasonable fees. Exchanges like Binance, Coinbase, and Kraken are often reliable choices. In the meantime, you can check our list of the best cryptocurrencies to buy right now, which includes projects that are focusing on building and driving adoption.
That means that there’s very limited price discovery, and no one really knows how much a single PI coin is worth – it could be 1 cent, $1, or even $100. In the meantime, you can open an account on Binance, which will probably be among the first exchanges to list the Pi coin once it finally starts trading. At the moment, you cannot sell Pi coins on Binance or some other cryptocurrency exchange, like you would Bitcoin or Ethereum, for instance. However, that doesn’t mean that you are completely out of luck when it comes to selling your Pi coins.
- Research thoroughly and diversify your portfolio for potential growth.
- Alternative methods include peer-to-peer transactions, direct spending at Pi-accepting merchants, and more.
- When (if?) that happens, PI will be traded like any other coin or token, meaning that you won’t have to worry about potentially getting scammed or getting a bad deal on your coins.
- According to the most recent announcements, the Pi Network team is aiming to launch the open mainnet sometime in 2024.
Use strong passwords and consider hardware wallets for added protection. There are several ways that you can use in 2024 to sell your Pi coins. However, it is worth mentioning that Pi Network’s price may vary depending on the method you use. Pi coin is a coin founded by a team of why administration accounting is important for any business Stanford graduates and gained popularity due to its ease of mining using mobile devices. Just recently I finished my pi kyc and needed to withdraw the Pi coins. Consult a tax professional to understand your obligations and ensure compliance with tax laws in your jurisdiction.
Pi Network is trading on 2 cryptocurrency exchanges across 2 trading pairs.The most popular Pi Network pair isPI/USDTon BitMart,where it has a trading volume of $ 299,420. You can tradePi Network with many fiat currencies includingand many stablecoins such as USDT. Crypto exchanges are where users can buy, sell, and convert different cryptocurrencies.