- Pi Coin is set to begin trading on OKX and Bitget on February 20, 2025, with expected high volatility as early miners sell and new investors drive demand.
- While buying now could be an opportunity, waiting for price stabilization may be a safer strategy for cautious investors.
After years of anticipation, Pi Network is launching its Open Mainnet, and Pi Coin (PI) is finally making its way to crypto exchanges. The wait is almost over, but with its listing comes a mix of excitement and uncertainty. Should you jump in and buy Pi Coin immediately, or would it be wiser to wait? Let’s break it down.
Where and How to Buy Pi Coin
Supported Exchanges
As of February 20, 2025, Pi Coin will officially start trading on OKX and Bitget. While Binance has not yet confirmed its listing, it may follow soon. Be cautious of platforms offering Pi IOUs, as these are not actual Pi Coins but rather speculative placeholders.
Step-by-Step Buying Guide
- Sign Up on a Supported Exchange: Create an account on OKX or Bitget and complete the KYC (Know Your Customer) verification process.
- Deposit Funds: Pi Coin will trade against USDT, so ensure you have USDT in your account. You can deposit USDT directly or convert from other cryptocurrencies.
- Wait for Trading to Go Live: Trading officially begins on February 20, 2025, at 8:00 AM UTC.
- Place a Buy Order: Initially, you can place limit orders; market orders will open five minutes after trading begins.
- Secure Your Pi Coins: Once withdrawals open on February 21, 2025, move your Pi Coins to a secure wallet for better security.
Do Pi Holders Already Own Pi Coins?
Yes! Millions of Pi Network users have been mining Pi Coins via mobile devices. Currently, over 60 million users are engaged with the network, and more than 19 million have completed KYC verification. Now that Pi is moving to Open Mainnet, holders will finally be able to trade their assets.
What to Expect When Pi Coin Goes Live
Potential Volatility
The initial days of trading may see significant price fluctuations. Early miners who have been holding Pi for years may start selling, leading to price swings. At the same time, new investors may drive up demand, creating a volatile market environment.
Speculative Risks
While Pi’s listing marks a major milestone, it’s crucial to approach it with caution. Some concerns include:
- High volatility in the first few weeks.
- Speculative pricing based on Pi IOUs, which do not reflect the real value.
- Potential market manipulation as early holders cash out.
Should You Buy Pi Coin Now or Wait?
If you believe in Pi Network’s long-term potential, buying now might be a good opportunity before the price stabilizes. However, if you’re unsure about the initial volatility, waiting for the market to settle could be a safer approach.
The best strategy? Stay informed, do your own research, and only invest what you can afford to lose.
