Pi Network has long positioned itself as a mobile-first crypto project focused on accessibility. With millions of users mining Pi Coins from their smartphones, the long-awaited question for many has been: when and how can I actually cash out?
Although Pi Coin began as a closed-loop asset within the Pi app, its transition to open mainnet has brought new opportunities—and challenges—for those looking to sell. From navigating wallet compatibility and liquidity constraints to understanding which platforms genuinely support Pi transactions, selling Pi Coin isn't as straightforward as with more established cryptocurrencies.
In this guide, we’ll walk you through everything you need to know about selling Pi Coin, including the background of the network, known concerns, platform options and step-by-step instructions. Whether you're looking to convert Pi into fiat, swap it for other cryptocurrencies, or simply understand the risks involved, this article is here to help you make informed decisions.
Pi Network was launched in 2019 by a team of Stanford graduates with the goal of making cryptocurrency more accessible to everyday users. Unlike Bitcoin, which relies on energy-intensive proof-of-work mining, Pi introduced a novel approach: mobile mining. Under the hood, Pi Network runs on the Stellar Consensus Protocol (SCP), a federated system that achieves consensus without energy-hungry mining. Instead, transactions are validated through trusted groups of nodes, ensuring efficiency and security on the mainnet.
The idea was simple — users could tap a button once a day in the Pi app to simulate mining, earning Pi Coins with minimal battery use or technical know-how.
Initially, Pi operated within a closed ecosystem, where tokens held no real-world value and couldn’t be traded externally. Instead, users accumulated Pi Coins with the promise that, one day, the network would transition to an open mainnet, at which point tokens could potentially be transferred, traded, or converted into fiat currency.
Pi Network runs on the Stellar Consensus Protocol (SCP), a federated consensus system that secures transactions without energy-intensive mining. This underpins the stability of mainnet transfers once your coins are migrated.
If you'd rather watch a video, check out our full Pi Network review on YouTube below:
That transition is now underway. With the launch of Pi Network’s open mainnet, the project has taken its first steps toward broader adoption and utility. While not yet listed on some of the largest centralised exchanges, Pi has begun appearing on platforms such as OKX and Gate.io.
This shift has raised new questions around wallet compatibility, token liquidity, and how—and where—users can sell their Pi Coins.
Here are our top picks for best Pi Coin wallets.
Despite Pi Network’s massive user base and growing visibility, the project has not been without its share of scrutiny. From questions about decentralisation to uncertainty around token utility, several concerns remain that users should be aware of.
One of the most prominent issues has been the repeated delays to the mainnet launch. Initially slated for release in 2021, the open mainnet was postponed multiple times, with the team citing technical hurdles, regulatory challenges, and unfavourable market conditions. While the network is now technically live, many features are still under development.
Another point of contention is the lack of liquidity and exchange listings. While Pi Coin can be found on certain platforms like OKX and Gate, it remains absent from major exchanges like Binance and Coinbase. This limits the ability for users to access deep order books or competitive pricing, making selling Pi Coin a more complex process.
Looking to buy Pi Coin? Head over to our article for a step-by-step guide, platform options, and security tips.
There are also ongoing debates around the mining mechanism and token distribution model. Because mining Pi simply involves daily app engagement rather than computational work, an argument can be made that this process does not contribute meaningfully to network security or anything else, for that matter. Moreover, the project's referral-based growth model has drawn comparisons to multi-level marketing, raising further concerns about sustainability.
Lastly, there are questions about data privacy and KYC procedures. The Pi app requires users to complete identity verification in order to access mainnet features, which has led to apprehension around how personal data is handled, especially in jurisdictions with limited regulatory oversight.
Is Pi Coin the next big crypto or just a shiny pyramid scheme in disguise? We cut through the hype and expose the truth in our deep dive.
Before rushing to list your Pi Coins for sale, there are a few crucial elements worth understanding.
First things first: you’ll need a wallet that supports Pi Coin transactions on the open mainnet. The official Pi Network Wallet is still the default for many users, but alternatives like Bitget Wallet, Trust Wallet, and others are beginning to offer Pi integration, with varying levels of support.
When choosing a wallet, prioritise private key ownership. This ensures you—not a third party—have full control over your funds. It's also wise to keep your recovery phrase or seed phrase offline and stored securely.
Wallet Types to Consider:
We also have a detailed review of some of the best wallets to store your Pi coins, which can be found here.
Pi Network uses a lock-up incentive mechanism, allowing users to voluntarily lock a portion of their mined Pi to earn higher future rewards. While this encourages holding and reduces immediate sell pressure, it also means not all Pi is available for trading.
Even after the mainnet launch, a significant share of tokens remain unmigrated or locked, which impacts individual users’ ability to sell. If you’ve mined Pi but haven’t completed KYC or migrated your balance to the mainnet, you won’t be able to sell until that process is complete.
Even if your Pi is unlocked and held in a compatible wallet, the next hurdle is liquidity. At present, Pi is not listed on major exchanges like Binance or Coinbase, which means trading volumes are concentrated on smaller platforms like OKX and Gate.io.
Low liquidity environments mean:
Before you can even think about selling, your Pi needs to be migrated. Here's what that involves:
Before you can move your Pi Coins to the open mainnet, you’ll need to pass identity verification (KYC) through the Pi Browser app. This involves uploading a valid government-issued ID and completing a facial recognition check.
Once verified, the next step is to create a Pi-compatible wallet and connect it to your Pi account through the app. When your account becomes eligible, you can start the migration process, which transfers your balance onto the mainnet blockchain, unlocking the ability to send, receive, and eventually trade Pi outside the enclosed ecosystem.
Once KYC is approved, the next stage is moving your Pi to the open mainnet. This process ensures your coins leave the enclosed network and become usable for external transfers or trading.
1. Complete the Mainnet Checklist
Inside the Pi app, you’ll need to finish the official Mainnet Checklist before your coins can be migrated. This checklist ensures your account is fully ready and includes:
2. Link a Supported Wallet
You’ll need to connect your Pi account to a compatible wallet. The official Pi Wallet is the default option, though other supported wallets like Bitget Wallet may also work. Make sure the wallet you choose gives you control over your private keys.
3. Approve and Verify Migration
Once everything is set, confirm the migration request in the Pi app. The coins will then be transferred to your linked wallet on the Pi mainnet. Open the wallet to verify the balance has arrived before attempting any further transfers.
With your Pi now on the mainnet, keeping it secure is critical. Unlike the enclosed Pi app, you are now fully responsible for your funds.
1. Enable Two-Factor Authentication (2FA)
Turn on 2FA wherever possible—both in the Pi app and on any exchanges you plan to use. This adds an extra layer of protection against account breaches.
2. Safeguard Your Seed Phrase
When setting up your wallet, you’ll be given a recovery or seed phrase. Write this down and store it securely offline. Never share it with anyone or save it in unencrypted digital files. Losing this phrase means losing access to your coins permanently.
3. Run a Test Transfer
Before moving your entire balance, send a small test transaction from your wallet to ensure the process works correctly. Once confirmed, you can safely transfer the rest of your coins.
Even if you’ve submitted the right documents, many users run into hiccups during the Pi Network’s KYC process. Here are some of the most common problems and how to resolve them:
1. Name Mismatch
If the name on your Pi account doesn’t exactly match the name on your government ID, your application will likely be rejected. Make sure to update your Pi profile with the correct legal name before submitting. Avoid using nicknames or shortened versions.
2. Expired or Invalid ID
Submitting an ID that has expired, or one that isn’t accepted in your region (such as student cards or temporary passes), will result in automatic rejection. Always use a current passport, driver’s license, or national ID.
3. Photo Quality and Upload Errors
Blurry images, glare, or incomplete scans often cause delays. Retake the photo in good lighting and ensure all corners of the document are visible. If the app fails to upload, try again during off-peak hours when server traffic is lower.
4. Face Verification Failures
Sometimes the liveness check doesn’t pass due to poor lighting or camera issues. Make sure you’re in a well-lit environment, keep your face fully visible, and follow the on-screen instructions carefully.
5. Slow Processing Times
Depending on demand, reviews may take longer. If you’ve met all requirements, it’s usually just a matter of waiting; re-submitting prematurely can reset your place in the queue.
With the Pi Network’s open mainnet now live, users are understandably eager to convert their mined tokens into something tradable. However, Pi Coin’s availability across platforms remains limited. It’s not yet listed on major global exchanges, and as of writing, there are no verified decentralised exchange (DEX) listings or standalone P2P marketplaces dedicated to Pi.
That said, some centralised exchanges have begun listing Pi trading pairs.
If you're ready to trade PI, our guide to the best Pi Coin exchanges covers everything you need to know.
Currently, the only viable option for selling Pi Coin is through a handful of centralised exchanges.
Regional Options
Europe
Gate.com supports SEPA bank transfers for Euro deposits, offering a convenient fiat method. However, users may need to convert cryptocurrency (e.g., Pi to USDT) before withdrawals, depending on their location and Gate.io’s policies.
Asia
Bitget is based in Singapore and provides accessible fiat on-ramps and a user-friendly interface—popular among traders in Asia.
MEXC excels in altcoin availability and early project listings, but its fiat on-ramp features are limited or region-dependent and not well confirmed.
Africa
OKX stands out as it supports localized P2P marketplaces, allowing users to trade Pi/USDT and cash out through regional payment methods.
However, there are key points to consider:
If you choose this route, it’s essential to:
Despite Pi Network’s massive user base, Binance and Coinbase have not listed Pi Coin. The reasons include:
That could change in the future, but for now, sellers will need to rely on the exchanges mentioned above.
At the time of writing, Pi Coin is not supported on any reputable decentralised exchanges. This is largely due to the network’s current infrastructure and the fact that Pi operates on its own blockchain, rather than being an ERC-20 or BEP-20 token.
This means that:
Until Pi is bridged to another chain or integrated into the broader DeFi ecosystem, DEX access remains off the table.
Unlike Bitcoin or stablecoins, there are currently no established P2P marketplaces built specifically for Pi Coin. Some users may attempt to sell Pi informally via Telegram groups, Discord servers, or exchange-hosted P2P sections, but these methods carry significant risk.
Risks include:
Unless the platform offering P2P Pi sales is well-established and offers on-platform escrow with dispute resolution, it's generally best to avoid these channels, especially for larger amounts.
If you’ve completed KYC, migrated your Pi Coin to the open mainnet, and set up a compatible wallet, you’re ready to begin the process of selling. While the Pi ecosystem is still maturing, and trading options remain limited, selling Pi Coin through supported centralised exchanges can be done with relative ease.
Below is a step-by-step guide to help you navigate the process safely and efficiently.
Select an exchange that lists mainnet Pi (not IOUs/testnet): OKX, Gate.com, Bitget or MEXC.
Open the exchange’s Pi deposit page and copy the address. In your wallet, send to that address.
Choose Market (instant fill, possible slippage) or Limit (your price, may wait).
After selling to USDT (or base asset), withdraw to a bank (fiat), a stablecoin wallet, or swap to another crypto.
Select a centralized exchange that lists mainnet Pi (not testnet or IOU tokens). Popular choices include OKX, Gate.com, Bitget and MEXC.
Avoid using exchanges or websites that have not been officially recognised by the Pi Network community, as fraudulent Pi trading platforms do exist.
Once you’ve selected a platform, log in to your exchange account and navigate to the Pi deposit page. This will display a deposit address that is compatible with the Pi mainnet.
From your non-custodial Pi wallet (e.g., Pi Network Wallet or Bitget Wallet):
Pro Tip: Always start with a small test transfer before sending your full balance. Sending Pi to the wrong network or address could result in permanent loss.
Once your Pi has arrived in your exchange wallet:
Enter the amount of Pi you want to sell, review the estimated return, and confirm the transaction. Note that liquidity may be thin, so larger orders might be partially filled or result in slippage.
Once your order is filled, your balance will be updated, usually in USDT or the base pair currency. From here, you can choose to:
If converting to fiat, ensure that:
At the time of writing, Pi Coin trades below $1 with daily volumes topping $55 million, concentrated mainly on OKX, CoinUp.io, Gate.com and Bitget. The most active pair is PI/USDT, which consistently handles the bulk of trading activity.
Pi initially surged toward the $3 mark after its open mainnet launch, but prices have since stabilized at lower levels. You can track the real-time Pi Coin price and trading data in the live widget below.
Figures auto-update via CoinGecko; always verify on your chosen exchange before trading.
Timing your Pi Coin sale depends on your goals. Are you holding for profit, or just curious to cash out?
Just don’t wait forever. If you never have a plan, you’ll likely sell in panic or miss your window. Think ahead. What price would make you happy? What amount are you okay with holding long term?
There’s no perfect answer. But a smart sell is one you thought through before the price moved.
When it comes to cashing out Pi, your experience can vary widely depending on where you live. Tax treatment, KYC requirements, and fiat withdrawal options differ from country to country, and overlooking these factors can lead to delays, unexpected fees, or even compliance issues.
Tip: Tax rules change and vary by situation; log dates, amounts, cost basis, and fees for each transaction and consult a local tax professional.
Tip: Wherever you are, higher limits and fiat withdrawals usually require full KYC. If a platform offers to bypass KYC, treat it as a red flag.
Tip: Bank transfers (SEPA/wire) are often the lowest-cost route. Card/PayPal withdrawals can be faster but typically carry higher provider fees. It's important to compare options in your region before selling.
A few key factors decide whether PI holds long-term value or fades out.
First is exchange listings. If major platforms like Binance or Coinbase decide to support Pi, that alone could boost demand. Right now, access is limited. The more available it becomes, the more active trading you’ll see.
Then there's network adoption. If people actually use the Pi app for real payments or services, that’s a strong signal. A coin needs utility, not just a name, to survive in the market.
KYC progress also matters. The more users who complete verification, the more coins can move freely. That affects both liquidity and trust.
Don’t ignore supply and unlocks. Millions of users have mined Pi. If everyone dumps at once, prices will crash. But if the supply comes in gradually or is held by long-term believers, that helps stabilize things.
Finally, the project’s reputation will play a huge role. If Pi Network continues building and shows transparency, people will be more willing to value the coin seriously. But if it gets labeled a cash grab or loses momentum, value could vanish fast.
Selling Pi can be profitable, but without caution, it’s easy to lose money or even your entire balance. Before you hit “sell,” review these essential checklists to keep your coins and profits safe.
Selling Pi Coin isn’t as simple as logging into an app and cashing out. It requires an understanding of how Pi Network functions today. With the open mainnet now operational, the groundwork has been laid for broader utility, but the reality is that Pi Coin remains in a transitional phase, both technically and economically.
For those looking to sell, the pathway is narrow but navigable. A properly set-up mainnet wallet, access to a supported centralised exchange, and a cautious approach are the minimum requirements. The absence of Pi Coin on major platforms, and the lack of decentralised or widely trusted P2P marketplaces, means that users must take additional care when selecting where—and how—to sell their tokens.
From understanding token migration and liquidity risks to navigating platform fees and regulatory obligations, there’s more to this process than meets the eye. But for those willing to approach it methodically, it is possible to convert Pi Coin into something tangible—be that fiat, stablecoins, or another digital asset.
Yes. Only Pi Coins that have been migrated to the mainnet wallet are eligible for transfer or sale. Pi held inside the app (pre-mainnet) cannot be sold or moved until migration and KYC are completed.
No. Pi Coin is not currently available on any major DEXs like Uniswap or PancakeSwap. Claims of Pi listings on DEXs should be treated with caution.
Not at this time. Some informal trades may occur through P2P sections on exchanges or private groups, but there are no established, secure P2P marketplaces specifically built for Pi Coin.
You’ll need a Pi mainnet-compatible wallet. This could be the official Pi Network Wallet or a third-party wallet like Bitget Wallet, provided it supports sending and receiving mainnet Pi.
Expect trading fees, withdrawal charges, and potentially network fees depending on the platform. These can vary, so check the exchange’s fee structure before trading.
The Pi Network transitioned to the Open Network period of Mainnet on Feb. 20, 2025, allowing external connectivity to the Layer-1 Pi blockchain.
Pi Network’s legitimacy remains a divisive topic. Supporters point to its massive user base, mobile-first design, and recent moves toward Mainnet functionality. Critics highlight a disconnect between the project’s promises and its current reality.
You can read more in our article.
No, Pi Coin is not listed on Binance yet. While there has been some buzz recently about a potential Binance listing, nothing has materialized yet.
Andre entered the world of crypto in 2022, driven by a desire to understand why inflation, what some call a “hidden tax,” is so normalized in our financial system and whether there are viable alternatives that don’t involve one’s fiat wealth slowly being eroded.
Crypto provided those answers, and since then, he has been actively educating himself about the space.
He firmly believes that the decentralized solutions offered by crypto can address many of the economic challenges we face today, and he is committed to educating others on what true financial freedom is all about.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
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