Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market. That’s a fair question to ask – at this point in time, it’s impossible utility token vs security token to say whether or not the Pi coins will hold any tangible value. Even though there are numbers being thrown around, you should keep in mind that those are related to Pi IOUs – not the actual Pi coins themselves.
Step 3: Deposit Pi Crypto
To start mining, you’ll need an invitation from a network member and the Pi Network app for iOS or Android. The Pi Network blockchain is not yet publicly available on mainnet. Another alternative to selling Pi coin is spending Pi coins on goods and services. Pi Network has what are altcoins everything you need to know built an ecosystem of businesses and individuals willing to accept Pi as payment.
What Is the Best Time to Sell Pi Network Coins?
Go to the trading section of the exchange and select the Pi trading pair you wish to use (e.g., Pi/USD or Pi/BTC). Enter the amount of Pi you want to sell and set the desired price. You can choose to sell at the current market price or set a limit order if you want to sell at a specific price. This method allows you to use Pi as a currency rather than trading it for fiat or other crypto.
- The live Pi price today is $49.99 USD with a 24-hour trading volume of $67,198.50 USD.
- One of the reasons why Pi Network Coin has gained so much attention is its unique approach to mining.
- Pi is currently in the Enclosed Network period of Mainnet and is not approved by Pi Network for listing on any exchange or for trading, and Pi Network is not involved with any purported postings or listings.
Until the coin goes live, and is available to be publicly traded, the price is a complete mystery. So, what you see listed on Huobi and other exchanges isn’t Pi coin itself, but a sort of an IOU for that coin. In turn, the representing value (price tag) references that IOU, as well, and not the coin. As of today, no exchanges out there – neither CEXs, nor DEXs – list and / or support Pi coin. The listing info that you see is for something the community calls “Pi coin IOUs”. I’m not going to beat around the bush and tell you this straight away – if you’re looking at how to buy or sell Pi coins, you won’t be able to do so.
Just like with selling Pi Coins, you can try P2P trading or swapping IOUs. Although this crypto is not as widespread as Bitcoin or Ethereum, some merchants accept it. With P2P trading, you decide how much you want for your Pi Coins, and buyers decide if that is a fair value. Since the Pi Network isn’t tradeable everywhere, few price pointers exist. So, prices can go from as low as $0.01 to as high as $100 per coin.
Pi Price Live Data
Selling Pi coins in 2024 requires careful consideration, especially given the network’s evolving status. Whether you choose to sell peer-to-peer, trade IOUs, spend your Pi on goods and services, or wait for it to be listed on a major exchange, each option has its pros and cons. As the Pi mainnet will be launched and the Pi token will be getting listings on the exchanges, more opportunities to utilize and trade your Pi coins will appear. However, it may be prudent to exercise patience and await the launch of the open mainnet for a more secure and conventional trading environment.
Keep an eye on price trends and consider selling when the market is bullish. Pi Network Coin is a relatively new digital currency that has gained a lot of attention recently. As a result, many people are curious about its rating and whether it’s a good investment. Look for a platform that has a good reputation in the cryptocurrency community. Read reviews and ask for recommendations from other Pi Network coin sellers to find a platform that is trustworthy and reliable. It’s best to check the updates on ripple’s projected performance in 2021 and beyond the project’s roadmap on its website.
To mine Pi coins, simply open the Pi Network app and click on the lightning bolt icon at the bottom of the screen. After creating an account, you will be prompted to enter an invitation code. If you do not have one, you can use the code “pi4crypto” to get started. To start, download the Pi Network mobile app from the App Store or Google Play Store.
The only challenge in this process is to find a platform or merchant who agrees for Pi as a currency in exchange for their product. 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. You can sell Pi coins through P2P via both online or offline modes. You can withdraw your earnings from the exchange platform to your bank account or other supported payment methods.