With years of waiting and debates going on whether Pi Network might launch or not, it has finally launched its Open Mainnet. Luckily, you can buy Pi Coin on exchanges provided you missed mining Pi from your phone. Here is an easy guide to help you get started.
What is Pi Coin?
Initially, Pi Coin started as a mobile crypto, which one could mine using his smartphone, letting his battery to drop just a bit, as well as the little power being consumed. At first, plenty of people were skeptical about the project, but now Pi moving to the mainnet is far from a gimmick.
Can You Still Buy Pi Coin?
Yes! If you didn’t mine Pi back in the day of mining it, you’re not too late. Some of the major exchanges, where Pi Coin is listed include:
- OKX
- Bitget
- Gate.io
- CoinDCX
People can easily sign up, do KYC with their identities, deposit funds, and trade Pi on these exchanges.
Steps to Buy Pi Coin
So, here is a simple guide of how to buy Pi Coin:
Sign Up on a Supported Exchange: Select any exchange that offers listing of Pi, for instance OKX. KYC (the requirement to show you’re who you say you are) is fast and easy to complete.
Deposit Funds: To trade Pi, however, you will require USDT (stablecoin). Transfer USDT from another wallet into your account or use INR via credit card, bank transfer, etc.
Place a Buy Order: There are two types of orders:
- It’s up to you how much you will pay.
- Pi can be bought instantly at the current market price.
Once you have purchased, Pi can be left in the exchange wallet or moved to a secure wallet once withdrawal opens (from 21st Feb 2025).
Why Are People Excited About Pi?
This is because of Pi Coin’s large community. It is engaged over 60 million users with over 10 million having already moved the mined Pi Coins to the mainnet. But for Pi holders, the launch of trading signals a huge shift from the Enclosed Mainnet phase where it was not possible to buy or sell their coins.
Be Cautious When Buying Pi
While it is possible to buy a Pi, it is still risky. Even so, the price of Pi is expected to have high volatility due to the many early miners who may sell all of their coins at once. Some of the issues that give rise to concern include:
- Delays with KYC verification.
- Some exchanges have speculative Pi IOUs (tokens that aren’t real Pi Coins).
It’s always good to research on your own and invest only if you can manage to afford to lose it.
Final Thoughts
Fortunately, Pi Coin hit the market but this means there is still enough time for you to be part of the Pi Network journey. However, we will just have to wait and see whether Pi will become the next big thing in crypto or not. Still, if you believe it has long term potential, you can jump right in by signing up and start trading on a listed exchange.
Stay smart and watch the prices and get into that trade carefully. The future of Pi Coin is only starting—are you ready to be a part of it?
Also read: Will Pi Coin Reach $100 After Recent 50% Drop and Mainnet Launch?
