How to sell pi coin in November (2024)

Pi Coin has gained significant attention since its introduction, offering a unique approach to cryptocurrency mining that sets it apart from traditional digital currencies. With an increasing user base, especially in Pakistan, many are eager to understand how to sell Pi Coin in 2024 and what the future holds for this emerging cryptocurrency.

We will explore updated details about Pi Network, how you can sell Pi Coin easily in the pre-market, and provide insight into the future of Pi Coin. Our goal is to address all the key questions Pakistani Pi Coin holders have and provide them with a clear guide on how to navigate this evolving market.

Pi Network coin’s main aim was to allow the general public to be a part of cryptocurrency mining. At the base of Pi is its mobile app, which creates mining as simple as a tap every 24 hours.

Note: Pi Coin cannot be officially sold on any crypto exchange yet. If you choose to sell it offline through peer-to-peer methods, be cautious of potential scams and unfairly low prices. Always verify the buyer’s credibility to avoid fraud.

Pi officially has 50+ million Engaged Users, known as Pioneers The app is free in the Google Play and Apple App stores.

Whereas popular cryptocurrencies such as Bitcoin and Ethereum have become more centralized over time, the Pi Network was designed to make financial tools accessible to every user. This network is entirely supported by mobile technologies.

Pi Coin is the native cryptocurrency of the Pi Network, which launched in 2019. Unlike Bitcoin or Ethereum, Pi Coin can be mined using a mobile app without the need for energy-intensive hardware. This feature makes it accessible to a broader audience, including users in Pakistan who may not have access to traditional mining equipment.

Key Developments in 2024

• Increased User Base: Pi Network has expanded to over 45 million engaged users globally.
• Enhanced Security Features: Improved verification processes and mobile app security.
• Ongoing Mainnet Migration: Users can now transfer their Pi to the Mainnet, a crucial step before Pi becomes tradable on external exchanges.
• KYC Implementation: The network continues to roll out its Know Your Customer (KYC) process, ensuring user verification before Pi Coin becomes accessible on open markets.

With these updates, many in Pakistan are eager to know how to sell Pi Coin, especially as the pre-market stage remains active.

Currently, Pi Coin is still in its pre-market phase, meaning it has not yet been listed on major cryptocurrency exchanges like Binance or Coinbase. This limits its tradability in traditional ways. However, the Pi Network offers Peer-to-Peer (P2P) trading, enabling users to sell Pi Coin directly to other individuals within the Pi ecosystem.

What is Pre-market Trading?

In simple terms, pre-market trading refers to the ability to exchange a currency or asset before it becomes publicly listed on mainstream platforms. Pi Coin operates within a closed ecosystem, allowing for transactions only among verified users through P2P trading.

How Pre-market Trading Works

• Users trade Pi Coin with others using platforms like Telegram or the Pi app’s internal marketplace.
• Trades are often conducted using local fiat currencies (e.g., Pakistani Rupees) or other cryptocurrencies.
• Until Pi Coin is listed on exchanges, these transactions remain private and unregulated by formal markets.

Important Note: Pre-market trading comes with risks due to the lack of liquidity and buyer/seller protections typically provided by exchanges.

Selling Pi Coin can be a straightforward process if you follow the right steps. Below is a step-by-step guide to help you sell Pi Coin in the pre-market phase.

Create a Secure Pi Wallet

To sell Pi Coin, you must first securely store it in a Pi Network wallet. You can create a wallet through the official Pi app. Follow these steps:

• Download the Pi Network app from Google Play or Apple Store.
• Complete the KYC process to verify your identity.
• Navigate to the Pi Wallet section within the app.
• Generate a wallet with a private key and backup your passphrase in a secure place.

Engage in Peer-to-Peer (P2P) Trading

Once your wallet is set up, you can start trading Pi Coin with other users. Here’s how to begin:

• Join Pi Communities: Many Pakistani Pi Coin traders are active on Telegram, Facebook groups, and the official Pi Network marketplace.
• Negotiate Terms: Reach out to potential buyers and agree on a price for your Pi Coins in Pakistani Rupees or other accepted currencies.
• Transfer Pi Coin: Once a buyer is secured, transfer your Pi Coins from your wallet to the buyer’s wallet.
• Complete the Trade: Receive payment in your preferred form (bank transfer, mobile payment apps like Easypaisa or JazzCash).

Selling via Pakistani Platforms

In addition to global P2P platforms, Pakistanis can utilize local platforms for a safer trading experience:

• Localbitcoins: Some users have begun accepting Pi Coin on Localbitcoins.
• Pakistani Pi Communities: Engage with verified sellers and buyers in Pi-specific forums.

While selling Pi Coin can be done, it’s not without its challenges. Below are some key issues to be aware of when trading Pi Coin in the pre-market.

Limited Exchange Listings

As of now, Pi Coin is not listed on any major exchanges. This means users have limited access to liquidity, making it harder to find buyers and sellers outside of the Pi ecosystem.

Risks in Pre-market Trading

Pre-market trading lacks the protections offered by formal exchanges. This increases the risk of fraud, as well as challenges in ensuring secure payment and delivery of the coins.

Potential for Scams

Due to the private nature of P2P transactions, scammers may try to take advantage of new users. It’s important to only trade with verified users and always check reviews and feedback.

Pros and Cons

You can also see the value here.

Nicolas Kokkalis and Chengdiao Fan founded the Pi Network. As of 1 April 2024, Pi Network claimed that there were more than 50 million Pioneers who mine the project’s native token.

By the end of 2019, the Pi network had more than 1 million subscribers, which later jumped to more than 14 million in March 2021. In  2020, Pi app started to generate revenue by advertisements. In 2022, the user base had 33 million members registered on its network. But now Pi has 50 million downloads on Play Store.

From 1.6 pi coins per hour, the mining rate dropped half when there were 1,00,000 subscribers. It dropped to 0.4 pi coins per hour at 1 million users and once more decreased to 0.2 tokens at 10 million. Till it hits 0 at 1 billion users, this halving will keep on.

As Pi Network continues to evolve, many in Pakistan and globally are curious about its potential future. Will Pi Coin become the next Bitcoin? Here’s what we know so far.

Predicted Growth of Pi Coin

Experts predict that Pi Coin could see significant growth once it becomes listed on exchanges. The Pi Network’s roadmap suggests future plans include opening up the Mainnet to external exchanges, where Pi Coin can be traded openly.

Opportunities for Pakistanis

For early adopters in Pakistan, Pi Coin offers the potential for substantial profits. As Pi’s value increases after listing, those holding Pi in the pre-market phase could benefit from its price appreciation.

Challenges for Pi Growth

Despite the excitement surrounding Pi Coin, there are challenges:

• Regulatory Uncertainty: It remains unclear how governments, including Pakistan’s, will regulate Pi Coin and whether it will face restrictions.
• Lack of Institutional Support: Unlike Bitcoin or Ethereum, Pi Coin is still not widely supported by institutional investors.

GExpected Pi Coin Value Growth (2024-2025)

For those interested in selling or holding Pi Coin, staying updated on the network’s progress is essential. Below are some ways to keep informed:

Follow Pi Network Updates

• Official Channels: Follow the Pi Network’s official Twitter, YouTube, and Medium pages for the latest updates.
• News Outlets: Check trusted cryptocurrency news platforms such as CoinTelegraph and CoinDesk for any updates on Pi’s listings or roadmap.

Join Pi Communities in Pakistan

Pakistani users can connect with others through Telegram, Facebook groups, and local crypto forums to share insights and experiences.

The legitimacy of Pi Cryptocurrency (Pi Coin) is debated due to some factors. Many pi communities discuss the same topic on the internet. Here’s a breakdown of the arguments for and against it:

• Arguments for Legitimacy: Free to Mine: Anyone can download the app and start mining Pi coins, removing barriers to entry.
• Earning Model: The emphasis on inviting new users to increase earnings resembles Multi-Level Marketing (MLM) structures.

Overall, the Pi Network contains aspects that raise questions about its legitimacy. It is wise to examine and be aware of the potential risks before investing time or resources.

 Peer-to-Peer (P2P) Platforms

Peer-to-peer (P2P) are platforms where two people may connect directly to sale and purchase.

Social Media

Here is the link of Pi Community.

On Social platforms, you can sell your coins to people but only trusted people because there are also scammers on social media platforms like Facebook, Instagram, and YouTube.

F2F Face-to-Face

Arrange meetup offline and make deal face to face.

Also read about More Networks

Selling Pi Coin in 2024 offers potential rewards but also comes with risks. The pre-market stage limits liquidity, and trades are often confined to private, peer-to-peer transactions. However, for those who believe in Pi Coin’s future and are willing to navigate the early challenges, the rewards could be substantial once Pi Coin becomes listed on major exchanges.

Staying informed, engaging with the Pi community, and trading cautiously are essential steps for anyone looking to sell Pi Coin in 2024.