Exciting Developments Surrounding Pi Network’s Mainnet Launch ?
The six-year adventure of Pi Network is approaching its conclusion with the official mainnet debut scheduled for February 20, 2025. As the launch date nears, many users are keen to learn how they can effectively manage and trade the Pi coins they’ve accrued throughout the years. Below are straightforward steps that guide you through the process!
Steps to Effectively Trade Your Pi Coins ?
Step 1: Move Your Pi Coins to an Exchange
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Once the mainnet is operational, your initial task is to transfer your Pi coins from the Pi Network Wallet to a platform that facilitates Pi trading, such as Bitget or OKX. To do this, you should:
- Access your wallet by entering your passphrase.
- Select the “Pay / Request” option.
- Choose “Manually Add Wallet Address.”
Then, visit Bitget or any other supported exchange. In the deposit section, locate Pi Coin, copy your unique deposit address, and paste it into your Pi Wallet to start the transfer process.
How to Sell Your Pi Coin ?
As per official notifications, Bitget will commence spot trading for Pi on February 20, 2025, starting at 8:00 AM UTC. After the market opens, access the Spot Trading area on Bitget and search for the PI/USDT trading pair. You can then place your sell order and exchange your Pi for USDT.
Extract Your Earnings to Your Bank Account ?
After selling your Pi coins, the next step is to withdraw your earnings. Most exchanges permit you to transfer your USDT, BTC, or ETH into external wallets such as Trust Wallet, MetaMask, or hardware wallets for safekeeping.
If you wish to access fiat currency, P2P trading helps you convert your USDT into currencies like USD, EUR, or INR and allows for direct withdrawals to your bank account.
Limitations on Selling Pi Coins ?
If you have been mining Pi and have moved your tokens to the Mainnet, you’re set to transfer and sell them. However, not everyone will be able to sell Pi Coin immediately - especially with the mainnet launch just around the corner.
If your Pi coins remain within the Enclosed Mainnet, selling or transferring them isn’t possible yet. To proceed, you must complete the KYC process and make the necessary migration to the Mainnet first.
With the Pi Coin valuation reportedly reaching $92 following the announcement of the Mainnet launch, there is great anticipation regarding market reactions once exchanges, including Bitget and OKX, commence trading.
Hot Take: Future Outlook for Pi Network ?
As we upon the mainnet launch of Pi Network, it is essential to stay informed about the developments and potential trading opportunities that arise. Keep a close watch on the market and be ready to adapt to changing dynamics as users engage with their Pi coins.
