Pi Network has been progressing towards its fully open mainnet and the ability to buy and sell Pi coins on centralized exchanges (CEXs) has become a reality. There are a number of places you can do that. This article provides a guide on how to purchase Pi coins on such platforms.
Where can you buy Pi Network (PI Coin)? – Centralized Exchanges Listing Pi Network
As of May 2025, Pi Network’s native token (PI) has been listed on several centralized cryptocurrency exchanges. These platforms provide a marketplace for users to trade PI against other cryptocurrencies or fiat currencies. Some of the prominent exchanges where PI is available include:
- OKX: Offers the PI/USDT, PI/TRY, PI/EUR, and PI/USD trading pairs.
- Bitget: Provides the PI/USDT trading pair.
- MEXC: Lists PI with USDT, USDC, and EUR trading pairs.
- Gate.io: Offers the PI/USDT trading pair.
- BitMart: Lists the PI/USDT pair.
- LBank: Provides the PI/USDT trading pair.
- XT.COM: Offers the PI/USDT trading pair.
It’s important to note that the availability of these trading pairs might vary based on your geographical location and the specific regulations of each exchange. Users are advised to check the respective platforms for the most up-to-date information regarding supported trading pairs and any regional restrictions.
Steps to Buy Pi on a Centralized Exchange
The general process for buying Pi Network coins on a centralized exchange typically involves the following steps:
- Choose a CEX: Select a reputable and trustworthy cryptocurrency exchange that supports Pi (PI) trading. Consider factors such as ease of use, fee structure, security measures, and available payment methods.
- Create an Account: Register for an account on your chosen exchange by providing the required information and setting a strong, secure password.
- Complete Identity Verification (KYC): Most regulated exchanges require users to complete a Know Your Customer (KYC) process to verify their identity. This usually involves submitting personal information and identification documents. Completing KYC often unlocks full access to the exchange’s features and services.
- Deposit Funds: Fund your exchange account using either fiat currency (e.g., USD, EUR) or other cryptocurrencies (e.g., BTC, ETH). The available deposit methods will depend on the exchange and your region.
- Navigate to the Trading Section: Once your account is funded, go to the trading section or spot market of the exchange.
- Search for Pi (PI): Look for the Pi trading pair you wish to use (e.g., PI/USDT).
- Place a Buy Order: Decide on the amount of Pi you want to purchase and the price at which you want to buy. You can typically choose between a market order (to buy at the current market price) or a limit order (to set a specific price you are willing to pay).
- Confirm the Transaction: Review the details of your order and confirm the transaction to complete your purchase.
- Secure Your Pi: After successfully buying Pi, it is generally recommended to transfer your coins to a secure Pi wallet for safekeeping, especially if you intend to hold them for an extended period. Ensure you are using a wallet that supports the Pi Network.
Important Considerations and Risks while Buying Pi Network
While buying Pi on centralized exchanges offers a convenient way to acquire the cryptocurrency, it’s crucial to be aware of potential risks:
- Market Volatility: The price of cryptocurrencies, including Pi, can be highly volatile and subject to significant fluctuations. Be prepared for potential price swings.
- Exchange Risks: Centralized exchanges are custodial platforms, meaning they hold your funds. There is always a risk of the exchange being hacked, experiencing technical issues, or facing regulatory challenges, which could potentially lead to the loss of your funds.
- Liquidity: The liquidity of the PI trading pairs on different exchanges can vary. Lower liquidity might result in slower order execution or price slippage.
- Scams and Counterfeit Tokens: Be cautious of potential scams and counterfeit Pi tokens, especially on less reputable or decentralized exchanges. Always verify that you are trading the official Pi Network coin. The Pi Network team has warned against trading Pi on unauthorized decentralized exchanges.
- Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is still evolving, and changes in regulations could impact the trading and availability of Pi on exchanges.
Buying Pi Network coins on centralized exchanges has become possible as the project moves closer to its open mainnet. By following the outlined steps and being mindful of the associated risks, users can participate in the Pi Network ecosystem through these platforms. It is always advisable to conduct thorough research, understand the risks involved in cryptocurrency trading, and choose reputable exchanges with strong security measures. Remember to secure your Pi holdings in a compatible wallet after purchase.