
How to Deposit PI Token into Bitget in the EEA
Pi Network (PI) is a growing cryptocurrency that allows users to mine tokens using their smartphones. Unlike Bitcoin, which requires expensive mining hardware, Pi Network provides an energy-efficient way to earn digital currency. As Pi moves toward its mainnet launch, more users are looking for secure ways to store and trade their tokens.
Bitget is one of the few platforms that support PI deposits. If you live in the European Economic Area (EEA), you must follow specific security steps to comply with regulations in the region. This guide will explain everything you need to know about depositing PI into Bitget safely and securely.
What is Pi Network?
Pi Network (PI) is a unique cryptocurrency project created by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, both Stanford PhDs. The project’s goal is to make cryptocurrency mining accessible to everyone. Unlike traditional mining, Pi Network does not require expensive equipment or consume large amounts of electricity.
Instead, users can mine PI tokens by tapping a button on the Pi Network mobile app once every 24 hours. The network operates on a Proof of Consensus (PoC) model instead of Proof of Work (PoW) or Proof of Stake (PoS).
To increase security and prevent fraud, Pi Network requires users to complete a Know Your Customer (KYC) verification. This process involves submitting identity documents to prove your identity before you can withdraw and trade your Pi tokens.
Pi Network is currently transitioning to its mainnet, which is expected to launch in 2025. Once the transition is complete, users will be able to freely trade their Pi tokens on cryptocurrency exchanges, including Bitget.
What is Bitget?
Bitget is a cryptocurrency exchange that allows users to trade and store various digital assets, including PI. Bitget has completed Know Your Business (KYB) verification for Pi Network, making it a secure and reliable platform for trading PI tokens.
Users in the EEA who wish to deposit PI into Bitget must follow additional security measures due to financial regulations, which may require additional information about the source of funds.
Step-by-Step Guide: How to Deposit PI into Bitget in EEA
Find Your PI Deposit Address on Bitget
1. For Bitget website
1.1 Open the Bitget website and select "Deposit".
1.2 Then select "PI" in both the "Select a coin" and "Choose a network" fields. Copy your PI deposit address. It usually starts with the letter “M.” You may be prompted to provide additional information about the source of the funds.
2. For Bitget app
2.1 Go to "Assets" tab and choose "Add funds".
Then, choose "Deposit crypto".
2.2 Search for "PI" and choose "PI (Pi Network)"
Copy your PI deposit address. It usually starts with the letter “M.” You may be prompted to provide additional information about the source of the funds.
Transfer PI from Your Pi Wallet to Bitget
Once you have your Bitget deposit address, follow these steps to send PI from your Pi Wallet:
1. Open the Pi Browser app and click on "Wallet".
2. Enter your passphrase to access the Pi Wallet.
3. Click on "Pay / Request".
4. Select "Manually Add Wallet Address".
5. Paste your Bitget PI deposit address into the "Wallet Address" field.
6. Click "Send" then click "Confirm", and your PI will be transferred successfully.
After completing these steps, your PI tokens will be transferred to your Bitget account.
Security Measures for Depositing PI
1. Secure Your PI Wallet
Before transferring PI, make sure your Pi Wallet is secure. Here are some tips to protect your funds:
● Keep your passphrase private. Do not share it with anyone.
● Do not use public internet when accessing your Pi Wallet or Bitget account to avoid hacking risks.
● Double-check the deposit address before sending PI to avoid mistakes.
2. Verify Transaction Details
Always review your transaction details carefully before confirming the transfer. Mistakes can result in lost funds.
Check for the following:
● The correct PI deposit address.
● The correct amount of PI being transferred.
● Any additional information required by Bitget.
Why Choose Bitget for PI Transactions?
Bitget is one of the safest platforms for trading PI tokens. Here are some reasons to use Bitget:
Secure and Reliable
Bitget has completed KYB verification for Pi Network, meaning it is an officially recognized platform for trading PI. The exchange also uses advanced security measures to protect user funds.
Compliance
Bitget follows the latest financial regulations to ensure safe and legal transactions in the EEA.
Easy-to-Use Interface
Bitget offers a user-friendly platform, making it simple for both beginners and experienced traders to deposit and trade PI.
If you're looking for a secure and reliable platform to trade and store your PI, Bitget is a great choice!
For more details about Pi Network, check out our other articles:
Pi Network (PI): Mining On Smartphones
Pi Network Price Prediction 2025-2030: Will PI Reach $1,000?
Pi Coin (PI): Listing Date and Selling Guide on Bitget
Selling PI Coins: A Simple Guide for Beginners
How Much Is Pi Coin Worth Today? The Answer May Surprise You!
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.