However, proceed with extreme caution and verify any platform’s legitimacy before transferring funds. When cryptocurrency first emerged, most people thought it was a complex world reserved for tech experts. But today, innovative platforms like Pi Network are changing that perception, making digital currency accessible to everyone. If you’ve been mining Pi and wondering how to transform those digital coins into real-world value, you’re in the right place.
BTCC contributed significantly to the early development of the Bitcoin and cryptocurrency ecosystems. This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and others. BTCC also offers products such as crypto, gold, and tokenized stocks to help investors rationally allocate their assets. Although the team launched an Enclosed Mainnet in December 2021, the network is still largely undergoing testnet changes. According to its team, the mainnet will prevent any unwanted external connectivity via the integration of KYC process. After full migration, Pioneers will be able to transfer or use their coin for whatever they want.
Step 3: Sell Pi for USDT or other cryptos
Meanwhile, there is also a testnet version of the Pi wallet that completes transactions in up to 8 seconds. One important perk of the Pi mining app is that it is eco and user-friendly. It doesn’t use much energy and therefore doesn’t heat up your phone like other mining apps.
The app is available for download on the iOS App Store and Google Play Store. Once installed, it will be the main platform for interacting with the Pi Mainnet and managing your coins. If you want to buy Pi or sell Pi Network, monitor the market and stay informed about updates from the Pi Network team. After starting at $1.97 on February 20, 2025, Pi Coin quickly dropped to $0.737 within the first 24 hours. However, it has since recovered as more traders and investors show interest. Users can mine Pi for the next 24 hours by opening the app and tapping the mining icon every hour.
Complete KYC Verification
This is because it works on people verifying and vouching for others to maintain the security of the network. In this guide, you’ll learn about the Pi network, its innovative blockchain technology, how to earn, and how to withdraw your assets from the network. Since Pi Network has now entered its Open Mainnet phase, you can move your tokens to external exchanges that support Pi trading like OKX and Bitget. Pi Network is still in its developmental phase, which means cashing out isn’t as straightforward as traditional cryptocurrencies. As of 2025, the network is working towards creating a robust ecosystem where Pi becomes a fully tradable currency.
Step 5. Secure Your Account
Pi Network is a decentralized, mobile-based cryptocurrency that allows users to earn rewards by contributing their computing power to a blockchain network. The app is designed to be easy to use, and anyone with a smartphone can participate. The Pi token is the native cryptocurrency of the Pi is it safe to keep my money on coinbase Network, and it can be used to make transactions, pay for goods and services, or held as an investment.
Two-factor authentication adds an extra step to the login process, helping keep online accounts safer than relying on just a username and password. That said, you still need to interact with the lockup settings—even if you choose to lock up 0%—as this step is required for migrating to the Mainnet. You will get a bonus worth 10 USDT when you deposit 200 USDT and above within 7 days of opening an account. Every new user gets a 10 USDT coupon after completing their registration. You will also get an additional 20 USDT coupon on completing your KYC verification. As for the final stage of the plan, users and miners on the Pi will be able to withdraw their money after the network switches to the mainnet.
Step 4. Go to the Pi Wallet and Press the “Pay/Request” Button
In March 2022, the network boasted a whopping 33 million users worldwide. Pi network is a decentralized cryptocurrency project that enables free access to mining. Launched in March 2019, the project aims to bring easy and open crypto mining to everyone since the earliest cryptocurrencies failed at doing that. Although the coin has not been listed for trading on any crypto exchange, it still remains well known since people can freely mine it right from their mobile phones. Cryptocurrency is a modern digital asset and method of exchange that relies on blockchain technology and is protected by cryptography, ensuring the assets can’t be forged. Essentially, cryptocurrencies serve as alternatives to traditional currencies like the euro, dollar, yen, and others.
- The timeline for cashing out Pi is subject to change as the network evolves.
- Meanwhile, there is also a testnet version of the Pi wallet that completes transactions in up to 8 seconds.
- The Pi Network team is working on further adoption, which could impact its future value.
- Cashing out Pi crypto is a straightforward process that can be completed in a few steps.
- According to its team, the mainnet will prevent any unwanted external connectivity via the integration of KYC process.
- The information provided in this blog is for informational purposes only and should not be considered as financial advice.
First, ensure your Bitget account is fully verified through their KYC process. Once logged in, navigate to the “Assets” tab at the screen’s bottom-right corner. Once your identity is confirmed, the migration process will start automatically. At first, you’ll see the task in the Mainnet Checklist turn orange until your tokens are delivered to your Pi Wallet. You will see a status message indicating “Not Confirmed.” The confirmation process must be completed before you can transfer your Pi Coins. A code that verifies ownership of a crypto wallet and grants access to the funds within.
This involves selecting the cashout option and following the instructions provided. This involves verifying your identity and ensuring that your account is secure. Make sure you complete your KYC process as soon as it becomes available to you. Before diving into the process of cashing out Pi, it’s important to understand what Pi Network is and how it operates. At the moment, there is a huge debate over the credibility of the project. In fact, some people still doubt if it is a scam or an innovative blockchain project.
Peer-to-Peer Trading
The ability to quickly convert a digital currency or token into another asset or cash without affecting its price. A device or application that securely holds a user’s public and private keys while allowing interaction with a blockchain network. If the deposit is 500 USDT and above, you will get a 20-trading fund. Furthermore, if you make a cumulative deposit of 2000 USDT within 30 days of opening an account, you will get a 30 USDT trading fund. Trading within 7 days of signing up will also earn you a 20 USDT coupon.
Step 1. Connect to Your Bitget Account and Access the “Assets” Tab
Although there is no disclosed supply or price tag to the coin, it undergoes halving to moderate supply and price. A type of derivative contract that outlines an agreement to buy or sell a specific asset at a predetermined price on a specified future date. In the newly opened window, tap on the “Trade” button to access the trading interface. Once the details are entered, tap the “Send” button at the bottom of the screen. A confirmation window will appear—carefully review all the details before confirming the transfer.
However, cryptocurrency legislation and availability may differ based on jurisdiction. 4) After choosing product, you can decide whther you would like to buy or sell it. That is to say you can sell BTCUSDT futures without owing any BTC Coin. The settlement time of these futures type is different, you can check the time for settlement for each product here. Developers and key team members of the network will submit additional features after the launch. Additionally, changes to any section of the network or new nodes will be delivered at regular intervals.
It allows users to trade Pi against multiple cryptocurrencies, including USDT and BTC. Gate.io is one of the longest-running centralized exchanges, supporting a wide range of cryptocurrencies, including Pi Coin. It has high liquidity, meaning you can sell without big price changes, and offers low fees for trading.
About BTCC
- Cashing out Pi crypto can be a straightforward process, but it’s essential to choose the right method for your needs.
- At the moment, there is a huge debate over the credibility of the project.
- To sell your Pi successfully, complete your KYC, transfer your Pi to an exchange, and follow the correct process.
- If there’s one reason for mining or accumulating Pi coins on the Pi Network, it will be to be able to withdraw and convert them to a spendable asset.
- Developed by graduates of Stanford University, the Pi Network allows its network of users to validate transactions and record Pi coins via mining.
- Trading within 7 days of signing up will also earn you a 20 USDT coupon.
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. Despite the team’s December 2021 launch of an Enclosed Mainnet, the network is now still heavily modified for test purposes. As far as the team is concerned, the mainnet will integrate a KYC process to block any unauthorized external connectivity. Once the migration is complete, Pioneers will have complete freedom to use or transfer their coin as they like.
If you’re having trouble selling, don’t worry—many users are in the same situation. how to buy bitcoins in easy steps Some coins are still locked, and not all exchanges support direct withdrawals. BitMart is a global exchange that supports Pi Coin trading with fast transactions and low trading fees.
Meanwhile, Pi miners and users will be able to withdraw their coins once the network upgrades to the mainnet in the third phase of its roadmap activities. However, unlike other cryptocurrencies, Pi coin is not available for withdrawal to other exchanges or wallets. Developed by graduates of Stanford University, how to buy bitcoin with cash at the atm the Pi Network allows its network of users to validate transactions and record Pi coins via mining. Mining the project’s native coin is available for free on phones or PC devices. Many new users imagine instant wealth, but cryptocurrency success requires understanding and patience.