Pi Network Coin Launch: What is Pi Coin and How to Buy it

The cryptocurrency world is seeing huge opportunities with the recent launch of the Pi Network's Open Mainnet on February 20, 2025. This significant event transformed Pi Coin from a development project to a tradable cryptocurrency. Whether you're new to the crypto space or looking to expand your portfolio, understanding Pi Coin and how to acquire it is essential.​

What are Pi Network and Pi Coin?

Pi Network was created in 2019 by a team of Stanford graduates with a mission to make cryptocurrency mining accessible to everyone. Traditional cryptocurrencies like Bitcoin require powerful computers and significant energy consumption for mining.

In contrast, Pi Network allows users to mine Pi Coins directly from their smartphones through a simple app. It is energy-efficient and user-friendly so that every crypto miner can start mining quickly.​

The native cryptocurrency of this network is Pi Coin. During its initial phases, users, known as "Pioneers," could mine Pi Coins within a closed environment. These coins couldn't be traded or withdrawn but served as a record of early participation in the network.​

The Open Network Launch: A New Era for Pi Coin

On February 20, 2025, Pi Network transitioned to its Open Mainnet phase, removing previous restrictions and allowing Pi Coins to be traded on various cryptocurrency exchanges. This move has opened up new opportunities for Pi Coin holders and those interested in joining the network.​

The launch was a significant milestone, with over 19 million users completing the Know Your Customer (KYC) process and more than 10 million Pioneers migrating their tokens to the Mainnet. This strong community foundation has set the stage for Pi Coin's integration into the broader cryptocurrency market. ​

How to Buy Pi Coin Successfully?

With Pi Coin now available for trading, here's a straightforward guide to help you purchase it:

1. Select a Cryptocurrency Exchange

Several reputable crypto exchanges have listed Pi Coin following the Open Network launch. Platforms like OKX and Bitget support Pi trading. Choose an exchange that meets your security standards, offers reasonable fees, and provides an easy-to-use interface.​

2. Create and Verify Your Account

After selecting a crypto exchange platform, follow the steps:

• Sign Up: Provide your email address and create a secure password.​

• Complete KYC Verification: Most exchanges require identity verification to comply with regulations. This process usually involves submitting a government-issued ID and, in some cases, proof of address.​

3. Deposit Funds

Before purchasing Pi Coin, you'll need to add funds to your exchange account:

• Deposit Fiat Currency: Many exchanges accept deposits in major fiat currencies like USD or EUR. You can deposit funds via bank transfer, credit/debit card, or other supported payment methods.​

• Deposit Cryptocurrency: If you already own other cryptocurrencies such as BTC, ETH, and USDT, you can deposit them into your exchange wallet and trade them for Pi Coin.​

4. Purchase Pi Coin

With funds in your account, you can now proceed to purchase this digital cryptocurrency:

• Navigate to the Trading Section: Find the Pi Coin trading pair that matches your deposited currency (e.g., PI/USDT).​

• Place an Order:

- Market Order: Buy Pi Coin at the current market price.​

- Limit Order: Set a specific price at which you want to purchase Pi Coin. The order will execute once the market reaches your desired price.​

5. Secure Your Pi Coins

After purchasing Pi coins, it's important to protect your assets:

• Withdraw to a Personal Wallet: While keeping coins on an exchange is convenient for trading, it's safer to transfer them to a personal crypto wallet for long-term storage. Ensure you choose a wallet compatible with Pi Coin.​

• Enable Security Features: Activate two-factor authentication (2FA) on your exchange and wallet accounts to add an extra layer of protection.​

Important Considerations Before Buying Pi Coin

Before committing to buy Pi coins from the crypto exchange platforms, consider the following aspects:

• Market Volatility: Cryptocurrencies are known for their unwanted price fluctuations. Only invest what you can afford to lose.​ Don’t visualize yourself getting 100x returns overnight on investments.

• Official Announcements: Stay updated with information from Pi Network's official channels to avoid misinformation. You can visit their official website https://minepi.com.

• Scams and Phishing Attempts: Be cautious of unsolicited messages or websites claiming to sell Pi Coins at discounted rates. Always use reputable exchanges and official sources.​

Trillion Dollar Question: Can I Develop a Pi Network Mobile App Cost-effectively?

Yes, with the help of the Pi Network Flutter app template, you can develop a platform that allows users to mine the crypto on smartphones. After the app development, you have to integrate the app with backend systems. This is helpful to ensure the data is protected and free from vulnerabilities.

Talking about the Pi network app development cost ranges from $50k to $100k (approx.). The overall price depends on the complexity of the platform development and custom requirements.

It includes the following development cycle:

1. Front-end app development

2. Backend development

3. Smart contract integration

4. QA & Testing

5. Secure deployment on blockchain

For further assistance, you can find the crypto app development company online and tell them your requirements. But with All Clone Script, you will get your Pi Network clone app ready to use with minimum time and cost as well. Contact us today.

Conclusion

The Pi Network's approach to the Open Mainnet phase marks a significant milestone in its mission to make cryptocurrency accessible to all with external connectivity. With Pi Coin now tradable on various exchanges, users have the opportunity to participate in this growing ecosystem. As always, approach your investments with caution, stay informed, and prioritize the security of your assets.

FAQs

• What is the 1BTC compared to a 1 Pi coin?

The current price of 1 PI = 0.000006795 BTC, and it may change over time due to market fluctuations.

• What is the current price of Pi Coin?

As of February 21, 2025, Pi Coin traded at $0.68 and experienced significant volatility post-launch. It was initially traded at $1.97, but it has been fluctuating. Potential investors should check real-time prices on reputable exchanges before making any transactions.

• Where can I buy Pi Coin?

Pi Coin is available on several cryptocurrency exchanges, including OKX and Bitget. Ensure you use reputable platforms and complete the necessary verifications before trading.​

• How can I sell my Pi Coins?

To sell Pi Coins, transfer them from your Pi Network Wallet to a supported exchange. Once deposited, navigate to the trading section, select the appropriate trading pair (e.g., PI/USDT), and place a sell order. After the sale, you can withdraw the proceeds to your bank account or another cryptocurrency wallet.

• Is Pi Coin a good investment?

Investing in cryptocurrencies carries hidden and unpredictable risks due to market volatility. While Pi Network has a large user base and unique mining approach, its long-term value is uncertain. It's essential to conduct in-depth proper research and consult financial advisors before investing.​

• Can I still mine Pi Coin on my smartphone?

Yes, Pi Network allows users to mine Pi Coins through its mobile app. New users can start mining by downloading the app and creating an account. As per their official guidelines, new users have to be invited by the existing pioneers to start Pi coin mining. However, the mining rate may decrease as the network grows, so early participation is advantageous.​