After six years of waiting, Pi Network has finally announced the launch of its Mainnet, supported by multiple cryptocurrency exchanges, marking a pivotal moment for Pi coin liquidity.
To sell your Pi coins, you must first complete a 9-step KYC verification and Mainnet migration process.
Only Pi coins transferred through Pi Network's official Mainnet process are tradable assets.
Pi Network, the "mobile mining" cryptocurrency project, officially announced on February 12 that the Mainnet will launch on February 20 at 4 PM UTC+8. International exchanges like OKX have also confirmed Pi coin trading support on the same day.
How to sell Pi coins? To withdraw Pi coins from the mobile app to an exchange, you must complete KYC (Know Your Customer) verification—a 9-step process. This guide walks you through each step to unlock Pi coin liquidity.
Key Clarification: Pi Network Does Not Recognize HTX Exchange's Pi Coin
In late 2022, HTX (formerly Huobi) listed a Pi coin derivative, but this was an IOU (I Owe You) token, not the official Pi Network asset. Since HTX did not enable deposits/withdrawals, this "Pi coin" functioned as a futures contract without a settlement date.
Despite its unofficial status, HTX's Pi IOU surged to $100 post-Mainnet announcement, settling at $77 (70% daily gain). Investors should note this is not the authentic Pi Network token.
Pi Coin Withdrawal: 9-Step Verification Process (Actual Workflow)
The steps must be completed in this order: 1-2-3-4-5-7-8-6-9. Here’s the breakdown:
Step 1: Download Pi Browser App
Install Pi Browser from Google Play or Apple App Store—the gateway to Pi’s ecosystem.
Step 2: Create a Pi Wallet
Select "Create New Wallet" and securely note the 24-word recovery phrase (avoid digital storage).
Step 3: Verify Your Pi Wallet
Re-enter the 24-word phrase to confirm wallet ownership. Enable biometric authentication (e.g., Face ID) for added security.
Step 4: Set Lockup Commitment
Choose a lockup plan:
- Short-term/minimal amount: Ideal for immediate selling.
- Long-term/larger amount: Boosts mining rewards but restricts liquidity.
Step 5: Secure Your Account
Automatically marked complete if previous steps are done.
Step 7: Submit KYC Application
- Upload ID: Passport, driver’s license, or national ID.
- Enter personal details: Match the ID exactly.
- Face scan: Real-time biometric verification.
- Pay KYC fee (in Pi coins).
Step 8: Await KYC Approval
Processing times vary—some users report waiting over a month. An orange countdown timer appears post-submission.
Step 6: Initiate Mainnet Migration
Triggers automatically after KYC submission.
Step 9: Monitor Mainnet Migration Progress
Displays your queue status. Once complete, Pi coins appear in your wallet.
Post-Verification: Two Critical Waiting Periods
- Mainnet Migration Queue: Wait for Step 9 to turn green; wallet balance updates afterward.
- Lockup Period: Initial "Available Balance" may show only 0.01 Pi, with full access granted after ~1 month.
Conclusion
With all 9 steps completed, you can transfer Pi coins to supported exchanges like OKX and sell them. After six years, Pi coin faces its first real market test—will it thrive or fade? The market will decide!
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FAQs
Q: How long does Pi KYC take?
A: Varies widely—from days to over a month. Delays often occur due to high demand or documentation issues.
Q: Can I sell Pi coins immediately after KYC?
A: No. You must wait for Mainnet migration and lockup periods to end (typically ~1 month).
Q: Is HTX’s Pi coin the same as Pi Network’s?
A: No. HTX’s version is an IOU derivative lacking official backing or liquidity.