If you wish to convert your cryptocurrency to fiat currency, you will first need to transfer your funds to a centralized exchange like OKX or Bitget. They will be alerted via an announcement and through their referral team members. Pioneers will be able to send a notification to members of their referral team and security circle to remind them to perform KYC. The core team will also make messages reminding users to submit their KYC documentation. Some users have said that when the coin launches on exchanges expected in 2021, it may reach a value close to that of Ethereum at 200 or possibly more.
How to Sell Pi Coin in 2025: Step-by-Step Guide to Cashing Out Safely
Verify which phase Pi Network is currently in; only during the Open Mainnet phase can you officially cash out Pi coins for fiat or other cryptocurrencies. In some instances, certain platforms or online communities may facilitate the use of Pi as a form of payment for goods or services. This isn’t a direct “cash out” how to buy and sell bitcoins 2021 in the traditional sense, but it allows users to convert their Pi into tangible value.
Liquidity and Market Price
For everyone who has been patiently mining on their phones and building the Pi community, the journey toward cashing out your PI tokens is finally picking up pace. Stay vigilant, leverage safe tools like Bitget Wallet, and be ready to act as the Pi Network opens up new frontiers in decentralized value exchange. Pie coin is a new cryptocurrency that attracted more than 10 million users to its network. The pi network is an intelligent contract network meant to offer public access to the use of cryptocurrencies. The pi network cryptocurrency project aims to keep crypto mining accessible to all users. It will solve the problem of inaccessibility introduced by the centralization of first-generation coins like the bitcoin digital coin.
How to avoid high ATM fees
Now, with its listing on popular exchanges like Binance, CoinDCX, OKX, and Bitget, Pi holders can engage in buying, selling, and exchanging their coins freely. As Pi Network matures, listing on reputable cryptocurrency exchanges will likely follow. Once available, users can deposit PI to a supported platform—such as the user-friendly Bitget Exchange, which is known for its simple interface and robust trading pairs. There, you can trade PI against USDT or other assets, then withdraw to fiat through built-in options. Most legitimate platforms require users to complete a Know Your Customer (KYC) is gusd safe process before transferring or selling Pi. This is implemented to ensure network security and regulatory compliance.
Community-Driven Marketplaces
While this doesn’t allow for direct cashing out, it offers another way for users to derive value from their Pi coins. Eventually, the marketplace may support direct conversion to fiat once Pi becomes more integrated with traditional financial systems. The direct P2P transaction process involves anagreement between two parties on the amount of Pi coins to be exchanged, theexchange rate, and the payment method. Once an agreement is reached, bothparties will complete the transaction by following mutually agreed verificationsteps to ensure security.
BTCC may offer various deposit methods such as bank transfers, cryptocurrency deposits, or other payment options. Choose the method that works best for you and follow the instructions provided to deposit funds into your account. A decentralized cryptocurrency project, Pi network makes mining available to everyone. Since the first cryptocurrencies failed to make cryptocurrency mining straightforward and accessible to everyone, the initiative launched in March 2019 with the goal of changing that.
How to Register and open the Pi network app ?
However, there are challenges toconsider, including the risk of fraud and the need to conduct due diligence onthe trading counterpart. Since the Pi Network is still in its confined mainnet phase, Pi coins cannot currently be exchanged for cash. However, Pi coins can be traded on outside exchanges after the network switches to the open mainnet, enabling users to exchange Pi for fiat money. In the interim, Pi can be applied to products and services that are part of the Pi ecosystem. Following years of development, Pi Network finally launched its Open Mainnet on February 20, 2025, allowing users to transfer and trade their mined Pi Coins on exchanges for the first time. Prior to this, Pi remained within a closed ecosystem where external transactions were restricted.
At the end of the day, the process of how to turn pi into money is not just about accessing your money—it’s about becoming part of the next chapter in decentralized finance. With the right approach and a little patience, you can turn your mined Pi into real-world value and begin using your crypto earnings however you see fit. If you’re just starting your crypto journey and want to explore flexible financial tools beyond trading, check out Jour Cards. While not a crypto exchange, Jour offers digital solutions that integrate modern financial tools, which could help you manage your earnings more wisely once you’ve cashed out.
As an alternative to cashing out Pi coins,pioneers can also consider investing in projects related to the Pi Networkecosystem. For example, they can use their Pi coins to support the developmentof new applications or services built on the Pi network. This can not onlyprovide long-term potential returns but also support the overall growth of thePi ecosystem. To comply with international regulations and prevent fraud, all major crypto exchanges will require you to complete a Know Your Customer (KYC) process. This usually involves uploading a valid ID, proof of address, and sometimes a selfie for identity verification. The process can take anywhere from a few minutes to a few days, so it’s best to do this step in advance before initiating the transfer from your Pi Wallet.
The exchange provides features such as spot trading, margin trading, and futures trading to accommodate various types of traders and investors. It gives consumers real-time access to market data, order books, and trading charts, allowing them to make informed trading decisions. BTCC allows users to trade over 300 crypto futures, including USDT-margined and coin-margined options.
- Prior to this, Pi remained within a closed ecosystem where external transactions were restricted.
- 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.
- At the end of the day, the process of how to turn pi into money is not just about accessing your money—it’s about becoming part of the next chapter in decentralized finance.
- Additionally, changes to any section of the network or new nodes will be delivered at regular intervals.
- You know you want to withdraw in case, later on, apply if the pie has a value.
Step 4: Select Your Platform and Input Details
- Cashing out Pi is not possible during the Enclosed Mainnet phase, but it is expected to become available once Pi Network transitions to the Open Mainnet.
- “Fewer and fewer people need to use cash for certain things, but there are some times when you have to have it,” said Kates.
- For the tech-savvy, the Linux Node allows greater participation in the ecosystem, even though it’s not directly linked to mining rewards.
Kates also encourages people to look at their banking app to see which ATMs are close to them. For its survey, Bankrate polled a total of 10 banks and financial institutions in 25 of the nation’s largest metro areas. Atlanta topped the list for how to buy on margin highest ATM costs, with an average out-of-network fee of $5.37.