Introduction

Pi Coin, as the first cryptocurrency that can be mined on a mobile phone, has attracted a large number of users since its launch. Although Pi Coin is now listed on multiple cryptocurrency exchanges, users need to go through some necessary steps, especially completing KYC verification, in order to convert it into legal tender or other cryptocurrencies. This article will provide you with a detailed introduction on how to sell Pi Coin, including completing verification, choosing an exchange, actual operations, and other aspects.

What is Pi Coin?

Pi Coin is a cryptocurrency launched by Pi Network. Unlike traditional cryptocurrencies, Pi Coin can be mined through mobile phones, allowing users to participate without expensive mining equipment. Pi Network aims to create a global and inclusive digital currency ecosystem through decentralized blockchain technology. Since its launch in 2019, Pi Network has attracted over 60 million active users worldwide. Pi Coin is currently in the Mainnet transition phase, and Pi Network is working to ensure network security and decentralization through the KYC verification process.

The uniqueness of Pi Coin lies in its issuance and mining methods, which are different from traditional cryptocurrencies such as Bitcoin. Pi Coin is distributed to users through ‘social mining,’ which also gives it a broader base in the user community. The goal of the Pi Network is to make Pi Coin a widely used cryptocurrency that can provide practical payment and transaction functions in multiple fields.

Image:https://minepi.com/

How to complete KYC verification

Before starting to sell Pi Coin, completing KYC certification is a crucial step. KYC certification is to verify the user’s identity, ensuring the security and legality of Pi Coin. After completing the certification, you can migrate Pi Coin to the Mainnet and proceed with subsequent transactions.

KYC verification steps:

1. Open the Pi app and go to the ‘My Page’.
2. Find the KYC verification entrance in the ‘Settings’.
3. Upload identification documents according to system requirements and undergo facial recognition verification.
4. Submit authentication application, wait for system review.
5. After the review, your Pi Coin will be successfully migrated to Mainnet, and you can start trading.

According to the announcement of Pi Network, all users must complete KYC certification and Mainnet migration before January 31, 2025. If users fail to complete these steps on time, most Pi Coins will be invalidated except for the Pi Coins mined in the last six months. To ensure the smooth migration of your Pi Coins, it is crucial to complete KYC certification as soon as possible.

Grace Period authentication process:

1. Enter the Pi applicationOpen the Pi mining application, click on ‘Mainnet Checklist’ at the top of the screen.
2. Check taskThe Mainnet listing lists all the steps to complete KYC and Mainnet migration, make sure to complete these tasks before January 31, 2025.
3. Verification completedAccording to the instructions in the checklist, gradually complete the KYC verification and Mainnet migration.

Image:https://minepi.com/blog/complete-grace-period/

Pi Network also sets a grace period for users to help expedite the Mainnet transition. If there is a delay in the system, the timer for the grace period will pause, giving you more time to complete the tasks.

For more specific operations, you can search for information on the Pi Network official website:https://minepi.com/

Choose the right exchange

Once your Pi Coin is KYC certified and transferred to Mainnet, you can choose an exchange to sell Pi Coin. Currently, multiple cryptocurrency exchanges support Pi Coin trading, but not all exchanges offer the same trading pairs and fees. Choosing the right exchange is crucial.

How to sell Pi Coin on the exchange

Once you have chosen the exchange, you can sell Pi Coin by following these steps:

1. Register an accountFirst, register an account on the exchange platform. If you already have an account, simply log in.
2. Complete KYC verificationMost exchanges also require users to complete identity verification. According to the platform’s requirements, provide identification documents and other necessary information.
3. Deposit Pi CoinTransfer your Pi Coin from the Pi app to the exchange account. This usually requires you to copy the Pi Coin deposit address provided by the exchange and transfer it in the Pi app.
4. Select Trading PairSelect the Pi Coin pair you want to trade on the exchange, such as Pi/USDT, Pi/BTC, etc.
5. Place OrderAccording to the market conditions, choose market order or limit order, enter the quantity of Pi Coin you want to sell, and submit the transaction.
6. Complete the transactionAfter the successful transaction, your Pi Coin will be exchanged for fiat currency or other digital currencies, and you can choose to withdraw or further trade.

Currently, the price of PI is around 1.65 US dollars, with a market value of around 10 billion US dollars (as of February 26, 2025). The token price fluctuates greatly, so please trade cautiously and be aware of the risks.

Notes on Pi Coin sale

When selling Pi Coin, the following points need special attention:

• Market volatilityThe cryptocurrency market prices fluctuate sharply, so it is recommended to closely monitor the market conditions when selling Pi Coin and choose the right time to trade.
• FeeThe fees vary among different exchanges, so you need to choose a trading platform with the most reasonable fees.
• SecurityMake sure your account has enabled security measures such as two-factor authentication (2FA) to protect your assets from being stolen.

Conclusion

Pi Coin, as an emerging digital currency, is gradually entering mainstream exchanges and providing trading opportunities for global users. By completing KYC authentication, selecting the right exchange, and following the correct operational steps, you can smoothly sell Pi Coin and convert it into other assets.