The wait is finally over! Pi Network’s Open Mainnet launched on February 20, 2025, at 8:00 AM UTC, unlocking the ability for millions of “Pioneers” to trade their Pi Coins (PI) on external exchanges. As of today, February 21, 2025, Pi Coin has already made waves in the crypto market, with its price surging 36.8% within the first hour of trading yesterday, peaking at $1.97 according to CoinGecko. If you’re ready to cash in on this historic moment, this guide will walk you through the steps to sell your Pi Coins securely and efficiently.
Why Sell Pi Coins Now?
With the Mainnet launch, Pi Coin is now listed on exchanges like OKX, Bitget, HTX, Bybit, MEXC, Gate.io, and BitMart, and trading volumes exceeded $100 million on OKX alone yesterday. The initial hype has driven volatility—prices hit a high of $3.40 before settling around $1.78-$1.80 by midday February 20. Selling now lets you capitalize on this momentum, though prices may fluctuate as more miners unlock their coins and market dynamics stabilize.
Steps to Sell Your Pi Coin
Step 1: Verify Your KYC and Migration Status
Before selling, ensure your Pi Coins are ready. You must have completed the Know Your Customer (KYC) process in the Pi Network app and migrated your mined coins to the Open Mainnet wallet. Open the Pi app or Pi Browser, check your wallet, and confirm your balance is transferable. If not, follow the app’s prompts to finish KYC and migration—only migrated coins can be sold.
Note: As of now, only about 1 billion of the estimated 9.7 billion Pi tokens are circulating, with the rest still locked or pending migration.
Step 2: Set Up an Exchange Account
Choose a supported exchange like OKX, Bitget, or HTX where Pi Coin is actively traded. Sign up with your email, create a secure password, and complete the exchange’s KYC process (separate from Pi’s). Upload a government-issued ID and enable two-factor authentication (2FA) for security. This typically takes a few minutes to a few hours, depending on the platform.
Step 3: Transfer Pi Coins to the Exchange
In your exchange account, navigate to the “Deposit” or “Wallet” section, select “Pi” (PI), and copy the provided deposit address. Open your Pi Network wallet, select “Send,” paste the address, enter the amount you want to sell, and confirm. Double-check the address—blockchain transfers are irreversible. The deposit should reflect in your exchange wallet within minutes, though network congestion might delay it slightly.
Step 4: Sell Your Pi Coins
Go to the “Spot Trading” section on the exchange and find the PI/USDT trading pair (Pi Coin paired with Tether). You have two options:
- Market Order: Sell instantly at the current price (e.g., $1.80 as of midday yesterday). Ideal for quick sales.
- Limit Order: Set a target price (e.g., $2.00) and wait for the market to hit it. This offers more control but may take longer.
Enter the amount, review, and confirm. Your USDT will appear in your exchange wallet once the trade executes.
Step 5: Withdraw Your Funds
To cash out to fiat (e.g., USD, EUR), check if your exchange supports direct fiat withdrawals. If not, convert USDT to fiat on platforms like Binance or Coinbase by transferring your USDT there. Alternatively, use the exchange’s P2P marketplace to sell USDT to buyers via bank transfer or mobile payment. Link your bank account, request a withdrawal, and expect funds in 1-5 business days.
Tips for a Smooth Sale
– Track Prices: Use CoinGecko or exchange charts to monitor Pi’s value and time your sale.
– Beware Fees: Exchanges charge trading (e.g., 0.1%) and withdrawal fees—factor these in.
– Stay Safe: Avoid scams by using only official Pi channels and verified exchanges.
– Taxes: Selling Pi may be taxable in your country—keep transaction records.
What’s Next for Pi Coin?
The Mainnet launch is just the beginning. With over 100 ecosystem apps ready and potential Binance listing speculation, Pi’s utility and value could grow. However, a mass sell-off by early miners might pressure prices downward. Whether you sell now or hold, Pi Network’s journey is one to watch in 2025.
Disclaimer: This article is for informational purposes only and not financial advice. Cryptocurrency markets are volatile—research and consult professionals before trading.
