How to Sell PI Coins

You can sell PI on centralized crypto exchanges, including Gate.io, Bitget, OKX, and MEXC. PI is not supported on any decentralized exchange at the time of writing.

The mainnet launch of the Pi Network marks a significant milestone for the project, enabling users to transfer their P coins and sell them on recognized exchanges. This article will provide a complete guide on how to sell PI on centralized exchanges, discussing the steps involved and key factors to consider.

At time of publication, PI is in the top 30 cryptocurrencies by market capitalization on CoinGecko. It is listed on several centralized exchanges, including Gate.io, Bitget, and MEXC.

Here are some of the exchanges where you can sell PI:

* Gate.io

* Bitget

* OKX

* MEXC

Here is a guide on how to sell PI on MEXC. The process is similar for most exchanges.

How to Create a Trading Account

To create a trading account on an exchange, follow these steps:

1. Visit the official website of the exchange and click Sign Up from the landing page

2. Complete the registration form by entering the required details.

3. After registering your account, you will need to complete your KYC (Know Your Customer) verification to start trading on the platform.

Now that your trading account is ready, you can deposit your PI coins to the platform.

How to Retrieve Deposit Address on the Exchange

1. Login to your trading account on the exchange.

2. Navigate to your profile section on the trading platform.

3. Click on Deposit.

4. Select Pi Network from the list of supported assets.

5. Copy your Pi Wallet Deposit Address for your trading account and proceed to make a deposit.

You may also need to add a memo for the transfer.

How to Transfer PI to Your Exchange Account

1. Open your Pi Network application.

2. Click on the Menu icon at the top left corner.

3_ Select Mainnet to proceed.

3. Click View Wallet to navigate to your Pi wallet.

4. Click Pay/Request to continue.

5. On the next page, click Manually Add a Wallet.

6. Enter the Pi wallet address you copied from your trading account and the amount you wish to deposit.

7. Click Send to complete.

The transferred amount will be credited to your trading account after the transaction has been confirmed on the network and by the exchange.

How to Sell Your PI

1. Navigate to the Markets section on the trading platform.

2. Search for Pi and select a desired Pi trading pair.

3. Click Sell to continue.

4. Enter the amount you wish to sell.

5. You can set a price (different from the presiding market price) for your order as well.

6. Click Sell PI to continue.

7. Review your order and click Sell PI again to confirm.

What to Consider When Choosing an Exchange

Here are some considerations when you are choosing an exchange to sell PI.

* Spread

Spread is the percentage difference between the highest price a buyer is willing to pay (bid price) and the lowest price a seller is willing to accept (ask price) for an asset. It represents the cost of trading due to the bid-ask gap, and slippage can incur when the current buy or sell order is not enough to fill their order.

Generally, choosing a tighter spread is better as it suggests a more liquid market with plenty of buyers and sellers, allowing for smoother and more cost-effective trading. CoinGecko lets you view the spread for tracked pairs in its Markets section, allowing you to easily compare options available.

* Depth

Depth is a measure of PI’s liquidity. Higher values suggest better liquidity, allowing for larger trades with minimal impact on PI’s price. Lower values suggest lower liquidity, where large trades can affect the price.

CoinGecko uses the 2% depth metric, which measures the total value of buy and sell orders within 2% of market price.

+2% Depth: The amount of PI that can be bought before the price rises by 2%.

-2% Depth: The amount of PI that can be sold before the price drops by 2%.

While this is more relevant for large trades, users should also consider depth when trading as greater depth offers better liquidity and in turn, better trading experiences while minimizing slippage and ensuring trades are executed as close as possible to the intended price.

* Volume

On CoinGecko, you can view 24 hour trading volume, as well as the exchange’s % of total volume, both of which measure the level of activity on an exchange. Larger trading volumes and a higher percentage suggest that many traders are using the platform, which ensures a smoother trading experience with minimal slippage.

* Fees

Exchanges charge fees for trading crypto assets on their spot and/or derivatives trading platforms. Trading fees are usually charged in percentages and according to the trading volume, and can be anywhere between 0.05% to 1% of the traded amount or more.

Before choosing a platform to sell your PI,