How To Sell PI Coin?

 How To Sell PI Coins

Pi Network is a well-known cryptocurrency initiative that enables consumers to utilize their mobile devices to mine Pi coins for free. Because of the nature of the project, millions of people have mined a sizable quantity of Pi coins and are presently unsure of where to sell them.

Currently, you are unable to sell Pi coins on Binance or any other cryptocurrency exchange, such as Ethereum or Bitcoin. That doesn't imply, though, that you have no chance at all of selling your Pi coins. Peer-to-peer techniques, direct spending of PI at PI-accepting shops, and other options are available.

We'll outline many ways to sell Pi coins in 2024 in this post, along with our assessment of which are the safest and which you should stay away from if you want to avoid falling victim to fraud. You may create an account on Binance in the interim since it is likely to be one of the first platforms to feature the Pi currency when it eventually begins trading.

How are Pi coins sold?

Both online and offline, you may find potential buyers for your Pi coins. When selling private information (PI), you can agree on the price and mode of payment via the peer-to-peer technique. It is important to remember that the P2P strategy is the most traditional way to trade cryptocurrencies. In the early days of Bitcoin, before there were any cryptocurrency exchanges, individuals would sell Bitcoin directly to one another using PayPal or another payment tool.

P2P is simply one way to sell PI, though. We will look at various approaches of selling Pi coins in the next sections.

Use Bitmart to trade PI coins.

Exchange Pi coins among peers Aside from PI IOUs, which we'll discuss later, Pi Network isn't presently trading on cryptocurrency exchanges since its mainnet is still closed—or rather, "enclosed"—and the precise launch date for its open mainnet is still unknown. This implies that there is very little price discovery and that the value of a single PI coin is unknown, ranging from one cent to one dollar or perhaps more. The thing is, nobody is certain.

Because of this, a plethora of individuals declare on social media sites that they are eager to purchase PI at various prices. Naturally, some people are also prepared to purchase PI in person. See how the two P2P techniques compare.

• Selling Pi coin P2P (online): The majority of users that advertise buying Pi coins are fraudsters, based on our experience and the testimonies of several people. They just prey on those who are eager to transfer them monies in the expectation of getting reimbursed; they have no intention of actually paying for PI.

• P2P (offline) selling of Pi coins: While doing business in person is far less easy than arranging a transaction online, it is also less convenient as a means of defrauding people. Although we are not familiar with in-person P2P Pi coin exchanges, we believe that they are far more likely to be legitimate than those conducted online.

Exchange IOUs for Pi coins.

Exchanging IOUs on exchanges that are supported is another approach to get exposure to the price of Pi Network. IOUs are basically unofficial contracts that admit debt. IOUs should be able to be exchanged for actual Pi currencies once Pi trades.

It is important to note that IOUs for Pi coins are not actual Pi coins. They can, however, be a very useful tool for revealing information about the price potential of the Pi currency. As of this writing, Pi coin IOUs are trading for over $65, up over 110% over the last three months on Huobi and Bitmart. The anticipated launch of the Pi Network open mainnet in 2024 is the cause of the price hike.

Please feel free to check our Pi Network price forecast if you would like to know how the price of Pi coin IOUs could fare in the future based on technical indicators and historical market data.

Directly spend your Pi pennies on goods and services.

Consider using your PI to pay for goods and services directly from approved merchants if you have a lot of money in your wallet and don't like alternative selling strategies. Some companies take PI in payment for various goods and services; for example, they will sell silver to you in return for PI or take PI in exchange for video game items. The X (formerly Twitter) account of the Pi Core team even mentioned an automobile that was sold for PI.

It's important to remember that the Pi Network team just announced a hackathon with the goal of creating an app that would pair Pi users with Pi-accepting retailers. The hackathon winner's software will be highlighted on Pi Day, March 14th, giving it global exposure to Pi's sizable user base.

Await the listing of Pi currency on an exchange.

You'd be better off waiting for the official launch of the Pi Network open mainnet, even though the last choice may not be what you want to hear. It's often assumed that when the mainnet opens, the Pi coin will be offered on a cryptocurrency exchange. PI will be exchanged like any other coin or token when (if?) that occurs, thus you won't have to worry about maybe falling victim to fraud or receiving a poor bargain on your currencies.

Some members of the community believe that the team's recent intensified attempts to draw new developers to the network indicate that the business is getting ready for the mainnet's public debut.