Pi Network is finally launching its Open Mainnet. So, how can you buy Pi coin? After years of speculation, mining from a phone, and heated debates on whether it’s real or just hype, Pi is about to hit exchanges. But here’s the catch — not all platforms will list it immediately. So, where can you actually buy it? Let’s break it down.
KEY TAKEAWAYS
➤ Pi Coin trading starts Feb. 20, 2025. OKX and Bitget have both confirmed listings.
➤ Existing Pi miners may sell, creating high levels of volatility early on.
➤ Pi IOUs aren’t real Pi; true value will emerge post-listing.
How to buy the Pi coin?
As Pi Network moves to Open Mainnet, exchanges are preparing to launch Pi trading. Deposits are already live, and trading starts on Feb. 20, 2025.
Here’s a quick summary of what you need to do.
- Sign up on OKX & complete KYC (identity verification is required).
- Deposit funds (preferably USDT, as Pi will trade against USDT).
- Wait for trading to go live on Feb. 20, 2025.
- Place a buy order for PI/USDT (limit order first, market order after five minutes).
- Withdraw Pi to a secure wallet once withdrawals open on Feb. 21, 2025.
Let’s take a closer look at each step.
1. Sign up on & complete KYC
Before you can buy Pi, you need an account on a supported exchange. This example uses OKX, although the steps are similar on Bitget. Go to OKX.com and register, complete KYC verification (upload ID, take a selfie), and once verified, you’re ready to deposit funds and trade.
Note: No KYC = No Pi trading. Make sure you verify your identity in advance!
2. Deposit funds (USDT or fiat) into OKX
Pi will be traded against USDT, so you’ll need some in your OKX account. You can deposit USDT from another wallet (the quickest method), or you can buy USDT using fiat (credit card, bank transfer, or P2P trading).
If you already own crypto on OKX, swapping for USDT is an option.
3. Wait for Pi trading to go live
Pi isn’t available for trading yet, but the timeline is set at follows:
- Deposits opened: Feb. 12, 2025 (2:45 AM UTC)
- Call auction period: Feb. 20, 2025 (7:00 – 8:00 AM UTC)
- Spot trading begins: Feb. 20, 2025 (8:00 AM UTC)
- Withdrawals available: Feb. 21, 2025 (8:00 AM UTC)
Did you know? Call auction is a one hour period where you can place buy/sell orders, but trades don’t execute until 8:00 AM UTC. This helps prevent price manipulation and sudden volatility.
4. Place a buy order for Pi Coin (PI/USDT)
Once Pi trading opens on, you’ll be able to buy Pi in two ways — as a limit order or as a market order. Limit orders can be placed in the first five minutes. After that, you can place market orders.
As Pi Coin is likely to gain a lot of attention, be ready for a few initial trading restrictions:
- Maximum limit order value: $10,000 per user.
- Maximum net position size: $10,000 per user.
Once you’ve bought Pi, you can leave your assets on OKX or move them to a wallet when withdrawals open.
Where to buy Pi coin?
Several crypto exchanges will initially list Pi Coin (PI) on Feb. 20, 2025. OKX has detailed its listing schedule. Additionally, Bitget has announced plans to list Pi Coin on the same date. Do note that some trading moves can be different depending on the exchange you are looking at.
Do note that Binance might also not be far behind in this exchange listing race.
In addition to these confirmed listings, some exchanges have been trading Pi IOUs, which are not actual Pi Coins but speculative derivatives representing a future claim to the real token.
Exchanges trading Pi IOUs (not real Pi Coin yet):
Note: Pi IOUs are NOT actual Pi assets.
Pi IOUs are speculative assets traded on some exchanges as a placeholder for Pi Coin, but they do not represent the actual value of Pi once it is officially listed. The real price of Pi Coin will only be determined after trading begins on verified exchanges like OKX and Bitget.
Note: Concerns around OKX’s Pi Coin listing include its referral-driven model, KYC issues, and centralization risks. There may be issues around delayed verifications, speculative IOU pricing, and Pi’s long development cycle. Some fear early investors may exploit new traders. We advise you proceed with caution until the real market value emerges.
Do holders have Pi Coins already?
Yes, millions of people already hold Pi Coins, as Pi Network was mineable via mobile devices long before the exchange listings were announced. Since its early days, Pi has been distributed through a unique mining process that allowed users to accumulate Pi Coins without expensive mining rigs.
Based on current data, Pi Network has over 60 million engaged users, and more than 19 million people have completed KYC (identity verification). Additionally, over 10 million users have already migrated their Pi Coins to the Mainnet.
For years, these Pi holders could not trade their coins externally due to the Enclosed Mainnet phase, but now, with exchanges listing Pi, the wait is over — holders can finally move their Pi to exchanges and trade it for other assets.
What might happen when Pi Coin hits exchanges?
Once exchange listings start, a large supply of Pi could hit the market. Demand from new buyers could drive volatility due to FOMO. It will likely take a while for speculation to settle down and the price to stabilize.
Should you buy Pi coin now or wait?
With Pi Coin finally hitting exchanges, the market is shifting from speculation to real trading. However, as mentioned previously, prices could see high volatility due to early miners planning to offload their assets. Therefore, we would recommend to start buying only if you are a long-term Pi believer. The smarter mover here would be to do your own research while waiting and watching for the prices and holding patterns to settle.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Buying Pi Coins does not guarantee profit. Never invest more than you can afford to lose.
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