Selling PI Coins: A Simple Guide for Beginners
Once PI is listed on Bitget, selling your PI tokens will be simple and seamless. If you're new to cryptocurrency trading, this step-by-step guide will help you prepare for selling Pi Coin on the Bitget exchange.
What Is Pi Network (PI)?
Pi Network (PI) is a cryptocurrency project aimed at allowing users to mine digital coins (Pi tokens) directly from their smartphones, making it one of the easiest ways to get started with mining. Unlike Bitcoin and other major cryptocurrencies, which require expensive hardware and a lot of energy to mine, Pi Network claims that users can mine its coin, Pi (π), simply by using their smartphones. This “mobile mining” concept is one of the key features that sets Pi apart from other blockchain projects.
Pi Network was co-founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, both of whom are Stanford graduates. Dr. Kokkalis holds a PhD in Computer Science, and Dr. Fan holds a PhD in Computational Biology.
How Pi Network (PI) Works
The Pi Network operates on a mobile-first platform, where users can earn Pi coins by simply downloading an app and pressing a button once every 24 hours. This daily action is what is referred to as "mining," but it’s important to note that this mining process doesn’t use traditional proof-of-work (PoW) algorithms like Bitcoin. Instead, Pi Network uses a unique consensus algorithm called the "Proof of Consensus" (PoC) model, which is designed to be energy-efficient and mobile-friendly. Here’s how it works in simple terms:
Mining Process: Users download the Pi Network app, sign up, and start “mining” by tapping a button once every 24 hours. This action supposedly helps secure the network and validate transactions.
KYC Verification: As users accumulate Pi coins, they are required to undergo Know Your Customer (KYC) verification. This process involves submitting personal data such as a passport photo and selfie to confirm their identity.
Mainnet Launch and Migration: Pi Network has been working on transitioning to its mainnet, where users will be able to transfer and trade their Pi coins. However, the launch has been delayed several times, and as of now, the mainnet is expected to go live in 2025.
Pi Network positions itself as a “people’s cryptocurrency.” One of its main selling points is that anyone, regardless of technical expertise or financial resources, can participate in its ecosystem. By allowing users to mine cryptocurrency using only their smartphones, Pi aims to democratize access to the world of digital currencies.
Moreover, Pi Network’s app allows users to earn coins passively, without the need for expensive mining rigs. Unlike Bitcoin, which uses a proof-of-work system that requires vast amounts of computational power and energy, Pi’s mobile mining is designed to use minimal resources. This feature makes Pi more accessible to a larger group of people, including those in developing countries where access to mining hardware and electricity might be limited.
While its user-friendly approach and growing community have gained attention, concerns about its transparency, delayed development, and reliance on ads have led to cautious skepticism.
How to sell PI coins once listed: A step-by-step guide
With Pi Network gaining momentum, many users are eager to trade their PI coins. We are excited to announce that Pi Network (PI) will be listed in the Innovation, Web3, and Public Chain Zone on Bitget. Here are the listing details:
Trading Available: 20 February 2025, 08:00 (UTC)
Withdrawal Available: 21 February 2025, 09:00 (UTC)
Trade PI on Bitget now!
Once PI is listed on Bitget, selling your PI tokens will be simple and seamless. If you're new, follow these steps below to sell PI on the Bitget exchange.
Step 1. Register a Bitget account
To sell your PI tokens, you first need a Bitget account. Follow these steps to register:
● For website users, [Click here] to register; For app users, download the Bitget App [here];
● Provide your email or phone number and set up your password;
● Verify your identity to enable trading and withdrawals.
More details: Bitget New User Registration Guide (2025)
Step 2: Transfer PI to Bitget
Before making withdrawals, you must complete the KYC/identity verification process. While deposits are unrestricted, transferring PI tokens to Bitget will only be possible once on-chain deposits for PI are enabled.
To transfer PI from your Pi Network wallet to Bitget:
● Open the Pi Network app and navigate to your wallet;
● Copy your Bitget deposit address for PI. This will be available in your Bitget account under the Deposit section;
● Paste the Bitget deposit address into the Pi Network app and confirm the transaction.
More details: How to fund your Bitget account
Step 3: Place a sell order
Once your PI tokens are deposited into your Bitget spot account, you can proceed to trade and sell them. Follow these steps:
● Navigate to the PIUSDT trading pair;
● Enter the amount of PI you want to sell, review the details and click Sell PI to complete.
Through this simple three-step process, you can easily buy and sell PI and other trending tokens on Bitget! Join us today!
PI Airdrop on Bitget: Deposit and trade to win a share of $60,000 PI
To celebrate the listing of PI, Bitget is hosting an airdrop event where participants can win a share of $60,000 in PI by completing simple tasks from February 14, 2025, to March 3, 2025 (UTC). View details!
Don’t miss out on this incredible opportunity to grow your PI holdings. Start depositing and trading today for a chance to win big!
(*) This campaign is exclusively for South Asian users and users who can register for the event successfully.
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 guidance. Qualified professionals should be consulted prior to making financial decisions.
