Where and How to Sell Pi Coin

How to Sell PI

You can sell PI on centralized crypto exchanges, including Gate.io, Bitget, OKX, and MEXC. PI is not supported on any decentralized exchange at the time of writing.

Key Takeaways

• PI is the native token of the Pi network, with its mainnet launched on February 20, 2025. 

• PI coins can now be traded on supported centralized exchanges. OKX, MEXC, and Gate.io are some of the exchanges where you trade PI coins.

• This article guides users on how to trade Pi coins and what to consider before choosing a trading platform.

Pi Network is a cryptocurrency project that allows anyone to join the network through a mobile phone-based mining system. This is meant to make crypto ‘mining’ accessible to anyone and improve mass adoption. With its Mainnet launch, the network now allows users to transfer their assets and sell these on supported centralized exchanges. At time of publication, PI is in the top 30 cryptocurrencies by market capitalization on CoinGecko. 

Requirements Before Selling PI

Before you can sell PI, you need to fulfill the following requirements.

A Pi Account: A Pi account allows you to mine Pi coins on your mobile device. According to announcements, Pi miners are required to verify their accounts and migrate to Mainnet before they can sell them. 

Download Pi Browser App: The Pi Browser app is needed to create a Pi Wallet, verify KYC, and more.

An Exchange Account: To sell PI on exchanges, holders are required to create an account and pass KYC checks.

Other Crypto Wallets (Optional): After selling your Pi Coin for another asset like USDT, you may opt to transfer this to a non-custodial wallet where you hold the private key. These can be hot or cold wallets.

Process to Sell Pi Coins

We are using MEXC exchange as an example in this guide. The process to sell PI is relatively similar for most exchanges.

How to Create a Trading Account

To create a trading account on an exchange:

1. Visit the official website of the exchange and click Sign Up from the landing page

2. Proceed to create an account by entering the required details.

3. Complete your KYC verification to start trading on the platform.

Now that your trading account is ready, you can deposit your PI coins to the platform.

Retrieve Deposit Address on the Exchange

1. Navigate to your profile section on the trading platform.

2. Click on Deposit.

3. Select Pi Network from the list of supported assets.

4. Copy your Pi Wallet Deposit Address for your trading account and proceed to make a deposit.

Also look out for a memo. You may be required to enter a memo alongside the wallet address while transferring to an exchange.

How to Transfer PI to Your Exchange Account

1. Open your Pi Network application.

2. Click on the Menu icon at the top left corner.

3. Select Mainnet to proceed.

4. Click View Wallet to navigate to your Pi wallet.

5. Click Pay/Request to continue.

6. On the next page, click Manually Add a Wallet.

7. Enter the Pi wallet address you copied from your trading account and the amount you wish to deposit.

8. Click Send to complete.

The transferred amount will be sent to your trading account after the transaction has been confirmed on the network and by the exchange.

How to Sell Your PI

Navigate to the Markets section on the trading platform.

1. Search for Pi and select a desired Pi trading pair.

2. Click Sell to continue.

3. Enter the amount you wish to sell. 

You can set a price (different from the presiding market price) for your order as well.

4. Click Sell PI to continue.

5. Review your order and click Sell PI again to confirm.

Things to Consider When Choosing an Exchange

Here are some considerations when you are choosing an exchange to sell PI.

Spread

Spread is the percentage difference between the highest price a buyer is willing to pay (bid price) and the lowest price a seller is willing to accept (ask price) for an asset. It represents the cost of trading due to the bid-ask gap, and slippage can incur when the current buy or sell order is not enough to fill their order.

Generally, choosing a tighter spread is better as it suggests a more liquid market with plenty of buyers and sellers, allowing for smoother and more cost-effective trading. CoinGecko lets you view the spread for tracked pairs in its Markets section, allowing you to easily compare options available. 

Depth

Depth is a measure of PI’s liquidity. Higher values suggest better liquidity, allowing for larger trades with minimal impact on PI’s price. Lower values suggest lower liquidity, where large trades can affect the price. 

CoinGecko uses the 2% depth metric, which measures the total value of buy and sell orders within 2% of market price. 

+2% Depth: The amount of PI that can be bought before the price rises by 2%.

-2% Depth: The amount of PI that can be sold before the price drops by 2%.

While this is more relevant for large trades, users should also consider depth when trading as greater depth offers better liquidity and in turn, better trading experiences while minimizing slippage and ensuring trades are executed as close as possible to the intended price.

Volume

On CoinGecko, you can view 24 hour trading volume, as well as the exchange’s % of total volume, both of which measure the level of activity on an exchange. Larger trading volumes and a higher percentage suggest that many traders are using the platform, which ensures a smoother trading experience with minimal slippage. 

Fees

Exchanges charge fees for trading crypto assets on their spot and/or derivatives trading platforms. Trading fees are usually charged in percentages and according to the trading volume, and can be anywhere between 0.05% to 1% of the traded amount or more. 

Before choosing a platform to sell your PI, it is important to research the fees that may apply. Exchanges could have fee waivers for certain assets or discounts for users who pass specific criteria. Besides trading fees, there may be other fees like withdrawal fees, deposit fees, and extra currency conversion fees if you wish to convert to fiat money. 

Where to Sell PI

Here are some of the most popular platforms to sell PI. As some of these exchanges may have region restrictions, users are advised to check which ones are available in their region.

Gate.io

Gate.io offers the PI/USDT pair. 

On Gate.io, spot traders are charged 0.1% of the volume per trade. There is a further 10% discount for users who opt to pay with GT. There are also withdrawal fees depending on the chain and cryptocurrency. For comparison purposes, Gate.io has no specified minimum withdrawal amount for USDT on Ethereum, but withdrawal fees are 4 USDT.

As Gate.io is a centralized exchange with KYC policies, users have to verify their accounts before they can trade PI. 

While the exchange is available in about 160 countries worldwide, it restricts access to users from 30 countries including the United States, Canada, China, Japan, Singapore, and several others like Cuba, Iran, North Korea, Syria, and Venezuela.

Bitget

Bitget offers the PI/USDT pair. 

On Bitget, spot fees for non VIPs are 0.1% of the volume per trade, although lower fees are available for higher VIP tiers. There are also withdrawal fees depending on the chain and cryptocurrency. For comparison purposes, USDT on Ethereum has a withdrawal fee of 3 USDT and a minimum withdrawal amount of 10 USDT.

According to recent reports, it serves over 40 million crypto traders in about 160 countries worldwide. It is one of the largest crypto trading platforms in terms of daily trading volume.

However, Bitget is not accessible to investors in over 25 countries, including the United States, Russia, Belarus, Ukraine, Venezuela, and Singapore. Bitget also requires users to pass KYC checks before they can trade PI and other cryptocurrencies on the exchange.

OKX

OKX offers multiple pairs, some with fiat currencies: PI/USDT, PI/TRY, PI/USD, PI/EUR, and  PI/BRL. OKX was also one of the first exchanges to support trading PI.

OKX fees for non-VIPs have a 0.1% maker and taker fee, with different withdrawal fees for individual chains and cryptocurrencies. For comparison purposes, USDT on Ethereum has a minimum withdrawal amount of 2.85 USDT, and a withdrawal fee of 0.85 USDT, although this might change depending on your region.

Like other centralized exchanges, users need to pass KYC checks before they can use OKX. 

MEXC

MEXC offers the PI/USDT, PI/USDC, and PI/EUR trading pairs.

MEXC maker fees are 0%, while takers have a 0.05% fee. As for withdrawal fees on MEXC, USDT on Ethereum has a minimum withdrawal fee of 10 USDT, and a withdrawal fee of 0.66 USDT. Users also need to pass KYC checks to use MEXC.

However, MEXX is not available for investors in regions including the United States, Canada, Mainland China, Hong Kong, Singapore, North Korea, Cuba, Iran, Sudan, Syria, and more. 

Risks of Selling PI

Before selling PI, here are some additional things users should look out for:

Unofficial Listings

The Pi Network team recommends users to ensure that any businesses they are engaging with are on Pi’s KYB verified business list, as only these businesses are eligible to create non-custodial Pi wallet addresses on the Pi Mainnet blockchain. 

While many exchanges may list PI, it does not necessarily mean that the listing is authorized or endorsed by the Pi Core team, and users are advised to confirm this against Pi’s KYB verified business list.

If users choose to transact with businesses that are not on the list, there is a risk of scams or frauds that will result in the loss of their assets.

IOU vs Real PI

Users should confirm that the exchange they are on are offering real Pi Coin, and not IOU (promissory tokens), as they may not be able to redeem their promissory tokens for PI in the future. Again, users are advised to check for exchanges listed on Pi’s KYB verified business list.

Final Thoughts

Pi Network makes it easy for anyone to mine cryptocurrencies, and with the launch of the Mainnet, users can sell their PI on supported centralized crypto exchanges. Do note that PI is not available on any decentralized exchange at time of writing, and users are advised to exercise caution around crypto assets with similar names and branding as PI.  

This article is only meant as an informational guide around selling PI, and should not be taken as financial advice. Exchanges mentioned in this article are only for illustration purposes and users should do their own research before choosing any crypto platform.