This Man Tried Selling Pi Coin — What Happened Next Will Make You Question Crypto Reality

Key takeaways

Fasten your seatbelt: Acquire a Pi Wallet, swear a 24-word oath to secrecy, and prepare for a coin transfer more perilous than a Russian winter. ☃️
If you plan to sell, your face and paperwork will be required — KYC on CEXs and P2P alike. Smile for the crypto bureaucracy!
CEXs promise comfort and speed, P2P offers control and adventure — choose accordingly, depending on how much danger you crave.
Expert opinions on Pi’s fate are as reliable as old peasant superstitions. Do your own homework, unless you enjoy surprises.

Look at you, already a Pi Coin theorist, desperate not to recap its tragic origin. Still, for the forgetful or the optimistic, a short refresher: the project was born, it claims, to make crypto accessible, mined from the soft glow of your phone. Admirable, yes? But one suspects the villagers aren’t so easily fooled. 👀

Some peculiarities stick out as sorely as a bureaucrat in a vodka queue:

The census claims 60 million users — but only 9.11 million wallets appear in the public square, with a mere 20,000 daring to show up daily.
Six years and the mainnet is as enclosed as a temperamental landlady’s heart, every key held by the core team.
The inflation here outpaces even Tsarist ruble printing: the supply doubled within a year, and now groans under 5.56 billion tokens. (Tell the cows to hide their savings.)
KYC, once a dark riddle, is now mandatory and handled by regional validators — because privacy, like childhood, must end someday.
The in-app advertising is omnipresent, like distant relatives at a wedding, and the utility is mostly in keeping users busy till they forget why they came.

Now let’s talk price

There was a time — February 2024, a wistful spring — when Pi Coin strutted proudly at nearly $3. The world gasped. Since then, the price has mostly performed an elegant pirouette straight into the ground.

As of April 28, 2025, Pi Coin is perched at $0.62, already down 79% from its former glory. It now clings to that low like a nervous uncle at a wedding buffet, with few daring to catch it if it falls further.

With the faithful abandoning ship and the doubters feeling vindicated, the story now becomes not “should I sell” but “how do I leap from the wagon before the last wheel falls off?”

Did you know? In 2024, Pi’s proud Ad Network arrived, letting app developers fill their masterpieces with ads. Some say it is a “circular economy.” Others simply call it dizzying.

Setting up your Pi Wallet

You wish to sell? First you must create your Pi Wallet — a rite of passage akin to hunting a bear, if the bear were made of passphrases. Download the Pi Browser app, available to peasants and gentry alike, via Google Play or App Store. Navigate — stoically — to the “wallet.pi” page and begin.

You’ll receive a 24-word seed phrase. Write it down — not on your phone, not on your hand, and especially not on a napkin in a teahouse. Lose it, and you, like the great poets of Russia, shall know true loss.

For those terrified by instructions, the Pi Network offers support. Beware, it cannot cure you of existential dread.

Transferring your Pi Coins to your wallet

The journey is only half done. To move your noble Pi, one must complete the infamous KYC. Open your Pi Network app, find KYC, and offer up all identification short of a birth certificate (for now).

With your identity approved, follow the Mainnet Checklist to transfer your loot to the promised wallet. Delays may occur. Panic not: the wheels of progress grind slow, particularly in blockchains and municipal offices.

Did you know? Even after the supposed open mainnet of February 2025, everyone must still trudge through the official Pi Wallet and various checks. It’s for your own good, they say. In Chekhov’s day, this meant a stern lecture from your aunt.

Choosing where to sell your Pi Coin

Your treasures safely contained, the crossroads appear. Two paths beckon: the rigid order of centralized exchanges, or the mysterious excitement of peer-to-peer back alleys.

Selling Pi on centralized exchanges (CEXs)

CEXs are the railway stations of the crypto world: cleaner, efficient, and teeming with strangers demanding your passport. Some choices as of April 2025:

OKX: Multiple trading pairs and fees low enough to provoke philosophical debate (0.08%/0.10%). Withdrawal fees vary — as do the moods of the staff.
MEXC: If you enjoy 0% maker fees and tiny taker fees, this is your dacha. Pairs include PI/USDT, PI/USDC, and PI/EUR. If this excites you, congratulations: you are now a modern investor.
Gate.io: Single (PI/USDT) — 0.1% fees. But full KYC is required. The bots are merciless but never ask personal questions at family gatherings.
Bitget: Also PI/USDT; also 0.1% fees. Not allowed everywhere — sometimes people just don’t want your coins.

When picking a CEX, consider:

KYC — always. Bring ID and patience.
Trading pairs — check your favorite, lest you end up with digital rubles.
Fees matter if you’re offloading your life’s work.
Liquidity — the bustling market is your friend (but not the one who owes you money).

Step-by-step guide to selling Pi Coin on centralized exchanges

Sign up for your chosen exchange, offering ID photos and possibly a video. Once inside, deposit Pi using the wallet address they give you. Copy carefully; the blockchain is not forgiving.

Wait for the deposit, pondering the meaning of wealth. When the coins appear, sell them — quickly, slowly, with a market or limit order. Up to you and your nerves.

Afterward, you receive your digital payout, at which point you can withdraw to fiat or move your crypto elsewhere. Either way, you’re several steps closer to your next existential crisis.

Selling Pi P2P

If you disdain formality, P2P welcomes you to its shadowy embrace. Here you may negotiate directly with strangers, just as one might haggle for a goose or half a bottle of vodka in old Russia.

Popular options include:

Coinskro: The name is inscrutable, but it is built for Pi — you’ll find it through the Pi Browser.
Telegram and Discord: Where the wild things trade, and self-confidence must be high. But, remember: in every group chat, there is at least one person hoping to lighten your wallet.

P2P safety wisdom

Escrow is your friend. Like hiring a trustworthy aunt to hold the money till everyone’s satisfied.
Vet your partner — a little paranoia is healthier than losing your coins.
Your bank details are sacred. Share little, trust less, drink tea always.
Start small. The great fortunes of Russia started with patience, not recklessness.

Did you know? In 2022, Americans lost $1.7 billion to P2P fraud. Even Ivan the Terrible would have blushed at such numbers.

Step-by-step guide to selling Pi Coin P2P

Create your account, verify yourself if the fates demand it, and either list what you’re selling or browse the wares of strangers.

Spot a tempting offer? Reply. When terms are agreed upon, use escrow — it holds the buyer’s payment so neither side can do anything too regrettable.

In practice:

The buyer pays into escrow → you transfer the Pi → they confirm receipt → escrow releases your bounty. Simple as pelmeni, if nobody cheats.

If someone suggests skipping escrow because “they’re trustworthy” or “have a cousin in the police,” consider a different hobby.

Should you sell or hold your Pi Coin?

Your fate is in your trembling hands. The project wobbles under the weight of doubts: delayed launches, creeping inflation, privacy woes. Still, some say the sun will rise — analysts talk of $1.71 averages, maybe peaks at $2.94, should the stars align and cosmic bureaucracy relent. CoinDCX whispers $2.75–$2.80 by year’s end. These are predictions, not promises — the only thing certain in crypto, and in life, is that no prediction ever survives contact with reality.

So: do some research of your own. Double-check, doubt everything, talk to your dog if it helps. Remember, whatever you choose — to sell, to hold, to write sad songs about your coins — let it fit quietly into your grander dreams and your all-too-human peace of mind.

2025-04-30 12:33