Buy and Sell Pi Coin In India for the Lowest Price

Discover how to buy and sell Pi coin in India for a lower cost. Pi coin is one of the first cryptocurrencies that can be mined from your smartphone. Learn about the Pi Network, its features, and the step-by-step process to acquire and trade Pi coins at a lower cost.

What is Pi Coin?

Pi coin is a digital currency that can be mined directly from your smartphone, eliminating the need for expensive hardware and GPUs. Launched in 2018, Pi coin operates on the Pi Network, a decentralized platform managed by a social community rather than a government. This advanced technology has disrupted the traditional cryptocurrency mining method, making it accessible to anyone with a mobile device.

Source: X Key Features of the Pi Network

Pi Network boasts several unique features explained as follows:

  • Mobile Mining

One of the standout features of the Pi Network is its ability to allow users to mine Pi coins directly from their mobile devices. This technology makes cryptocurrency mining accessible to anyone with a smartphone, democratizing the process and reducing barriers to entry. With just a few taps on the Pi Network app, users can participate in mining and earn Pi coins.

  • Unique Ecosystem

The Pi Network has a unique ecosystem that enables non-GPU users to participate in mining through their smartphones. This ecosystem is powered by an array of technologies operated by various social communities. Traditional cryptocurrencies require expensive mining rigs and specialized hardware, whereas the Pi Network’s ecosystem enables mining with just a mobile device.

  • Strong Referral System

The Pi Network runs a referral system that encourages users to invite others to join the network. By referring new users, existing participants can earn additional Pi coins. This system creates a self-sustaining growth model, not only encouraging user engagement but also facilitating the expansion of the Pi Network’s user base.

How to Buy Pi Coin in India at a Lower Price

Currently, no one can purchase Pi coins directly from any exchange as they are not listed yet. However, users in India can mine Pi coins through the Pi Network mobile app and earn them over time. After mainnet launch, Pi coin will serve as digital legal tender which you can use to buy goods and services.

Source: X

Here’s how you can buy Pi coin in India:

Related post: Pi Network Mainnet Launch Related News Propels PI Coin Price Higher

Step 1: Download the Pi Network App

The first step to earning a Pi coin is downloading the Pi Network app from the iOS App Store or Google Play Store for Android devices. The app is free to download and install.

Step 2: Sign Up and Start Mining

Once the app is installed, create an account on the app by providing the necessary personal information and creating a secure password. After completing the registration process, you can start mining Pi coins by tapping the “lightning” button every 24 hours. The mining process is simple and can be done with just a few clicks.

The more consistent you are with mining, the more Pi coins you can accumulate. The Pi Network encourages users to maintain a regular mining routine by implementing a 24-hour countdown timer. Once the timer expires, users must tap the button again to continue mining and earning Pi coins.

Step 3: Refer Friends and Earn More

If you want to maximize your earnings, you can use the network’s referral system. It asks you to invite friends and family to join the network and rewards you with more Pi coins. The more people you refer, the higher your potential Pi coin earnings.

You can refer people to the Pi Network app by sharing your unique referral code with others. When your friends and family download the app and use your referral code during the sign-up process, you will receive the referral bonus.

How to Sell Pi Coin in India 

Currently, Pi coins cannot be sold or exchanged for other cryptocurrencies or fiat currencies as the Pi Network is still in its testing phase. However, once the mainnet is launched (expected in Phase 3), users can withdraw and trade their Pi coins. Here’s how you can sell your Pi coin in India:

Related Post: Pi Network Mainnet Launch Delays Cast Doubt on Pi Coin’s Intrinsic Value

Step 1: Choose a Reputable Cryptocurrency Exchange

When Pi coins become available for trading, research and select a trusted cryptocurrency exchange that operates in India and offers low trading fees. Popular options include WazirX, CoinDCX, and BuyUcoin. These exchanges are well-established in the Indian market and provide a secure platform for trading cryptocurrencies.

When evaluating exchanges, consider factors such as trading fees, liquidity, user interface, and customer support. Lower trading fees will allow you to maximize your profits when selling Pi coins. Also, a user-friendly interface and responsive customer support can enhance your overall trading experience.

Step 2: Set Up a Trading Account

Once you’ve chosen your preferred exchange, create an account by providing the necessary personal and financial information. Complete the KYC (Know Your Customer) verification process, which typically involves submitting identification documents and proof of address. Additionally, enable two-factor authentication for enhanced security and to protect your account from unauthorized access.

Step 3: Transfer Pi Coins to Exchange Wallet

Once trading is enabled for Pi coins, transfer your Pi coins from the Pi Network wallet to your exchange wallet. The exchange will provide you with the necessary deposit address and instructions for the transfer process. Ensure that you follow the instructions carefully to avoid any potential issues or delays.

Step 4: Place a Sell Order

After your Pi coins are in your exchange wallet, navigate to the trading interface and place a sell order for Pi coins at your desired price. Monitor the order book and market conditions to ensure you sell at a favorable rate. Moreover, you can choose to sell your Pi coins through a market order, which executes immediately at the current market price. Or you can place a limit order which allows you to set a specific price at which you’re willing to sell.

Additionally, to maximize profits, consider placing limit orders slightly below the current market price. This strategy can help you attract buyers looking for discounted prices. This way, you will be able to sell your Pi coin quickly which will ultimately make your overall costs lower.

Step 5: Withdraw Proceeds to Bank Account

Upon successfully selling your Pi coins, you can withdraw the proceeds to your linked Indian bank account or e-wallet. Many Indian cryptocurrency exchanges offer direct bank transfer options where you receive your funds directly into your bank account.

Moreover, when withdrawing proceeds, be mindful of the exchange’s withdrawal fees and any potential bank transfer charges. Compare the fees across different exchanges and choose the option that offers the lowest fees. This way, your overall cost becomes lower and you can maximize your profits from selling Pi coins.

As mentioned earlier, you can not directly buy or sell Pi coin on an exchange but users in India can readily mine and accumulate Pi coins through the Pi Network app. Notably, Since the Pi blockchain is still in its testing phase and has not yet announced a firm mainnet launch date, trading Pi coins is not possible at the moment. However, users can get choose to invest their time and effort and get started mining Pi coins now.

Related Post: Pi Coin Price Jumped from $0.7 to $47 – What the Heck?

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