It doesn’t matter if you’ve already invested your hard-earned money in your Pi coins or if you need to get rid of them-thanks to this guide, you can start even if you are just a beginner to crypto trading.
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What are Pi Coins?
What coins are those? Just simple digital assets directly received by the Pi Network mobile application. The type of network applied here is one that is based on Proof of Stake and supports mobile mining. And even though Pi Network is still in its very early days, buying or exchanging directly with Pi coins will still be tough, but, nevertheless, one of the most exciting projects with an enormous number of users.
How to Sell Pi Coin
Peer-to-Peer (P2P) Trade: You sell Pi coins directly to a particular person you’ve found online with the help of platforms on something like Craigslist. You bargain with your potential buyer and forward your coins to their Pi wallet.
- Safety precaution
Trade only with known contacts and also do some previous research about the people whom you’re planning to purchase from.
Keep that Pi wallet password like you do your bank PIN. Better yet, an escrow service, holding the Pi coins until the buyer pays. - Utilizing IOUs of Pi Coin On some exchanges, one can obtain IOUs of Pi coins. Perhaps this is an intermediate step to the full availability of Pi on an exchange. In that sense, it is also possible to place speculative interest in the future value of Pi coins even if there isn’t a direct coin exchange.
End.
How to Sell Pi Coins
- Use the Right Exchanges: If you can sell your Pi coins on Binance, Huobi, or OKEx, identify which exchange is safer and charges lower fees and is user-friendly.
Market timing. Observe market trends. High demand or increasing price in a given period is the correct time to sell your Pi coins. - Determine Realistic Prices: This is achieved by setting target prices according to the prevailing market condition, the prospect of Pi Network, and your target you have set for finance. This simply means you are avoiding impulse decisions.
FOOTNOTE: Future Developments of Pi Coin
There is the aspect of an open mainnet team that should be part of Pi Network, through which Pi is going to be tradable on mainstream exchanges. This will increase the price and the coin’s liquidation, respectively. So far, no timeline has been set for this by Pi Network.
Conclusion
It is a bit tough to sell Pi coins especially in India, and knowing what options are available will help make the right decision. One should, however be very cautious, particularly with P2P sales because value may change once it is fully launched.
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