How to Sell Pi Coin in 2023? Explore Some P2P Methods

Currently, the possibility to sell Pi coin on well-known cryptocurrency exchanges such as Binance, similar to trading Bitcoin or Ethereum, is not available. Nevertheless, this restriction does not leave Pi coin holders without choices for selling their coins. Other methods include peer-to-peer transactions, direct spending at merchants that accept Pi, and more.

The Pi Network cryptocurrency project has gained considerable attention for its ability to allow users to mine Pi coins using their mobile devices. As a result, many users have accumulated a significant number of Pi coins and are now wondering how to sell them.

In this article, we will provide an overview of different methods for selling Pi coins in 2023 and offer unbiased insights into the safety and potential risks associated with each approach.

Pi coin price today on Binance:

How to sell Pi coins? A comprehensive look at the options available to Pi holders in 2023 There are multiple ways you can sell your Pi coins in 2023.

However, it’s important to note that the price of Pi Network may vary depending on the method you choose.

1. Peer-to-peer transactions–

The only way to exchange Pi coins for real money is by using various peer-to-peer methods. These methods enable you to determine your own price for PI and sell coins to anyone interested in buying them. Generally, P2P transactions can be classified into two categories:

• Online: Although many social media users express their willingness to buy Pi coins, it is important to exercise caution. Numerous online offers are often fraudulent and aim to deceive users by tricking them into sending Pi coins without receiving any payment.
• Offline: In-person transactions, although less convenient, are generally less vulnerable to scams. Nevertheless, we possess limited information concerning the authenticity of in-person Pi coin transactions.

2. Direct Spending–

For those who choose not to sell, Pi coins can be directly utilized for purchasing goods and services from participating merchants. Certain businesses accept Pi as a form of payment for a range of products and services, thus enhancing its practical usefulness.

It is worth mentioning that there have been cases where even significant purchases, like a car, have been made using Pi payments, as reported on the official social media of the Pi Core team.

3. Trade Pi Coin IOUs

Another method to speculate on the price of Pi Network is by trading IOUs on supported exchanges. IOUs represent informal agreements of debt and can be later exchanged for actual Pi coins once the open mainnet is launched and trading commences.

It is important to understand that Pi coin IOUs do not hold the same value as actual Pi coins. The price of Pi coin IOUs on platforms like Huobi and Bitmart has experienced fluctuations, influenced by factors such as the expected release of Pi Network’s detailed roadmap, introduction of new features, and more. According to the Pi Coin price prediction algorithm, the price of IOUs could potentially surge by up to +436% next year, coinciding with the launch of the Pi mainnet.

4. Await exchange listing

While it may not be the preferred route, it is worth considering waiting for the official launch of Pi Network’s open mainnet. Speculation suggests that Pi coins will be listed on cryptocurrency exchanges once the mainnet is live.

Choosing this option eliminates the risks associated with peer-to-peer transactions and provides a more conventional trading experience similar to established cryptocurrencies.

Recent developments indicate that Pi Network is actively attracting new developers to its network, potentially signaling preparations for the open mainnet launch.

In summary, there are various methods available for selling Pi coins. However, it may be wise to exercise patience and await the launch of the open mainnet for a more secure and conventional trading environment. Currently, the predominant peer-to-peer approach involves inherent risks, and concerns have arisen within the Pi community due to delays in the mainnet launch.

In the meantime, you can refer to our list of the best cryptocurrencies to buy right now, which includes projects focused on building and driving adoption.

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