20 February means today finally Pi Community Mainnet Settingup Has been done, and now the listing of Pi Coin has been done on various Centralized and Dentralized exchanges. With this, the process of selling Pi Coin has also started. If you have mined PI and want to sell it now, you should understand its process, selection of exchange and other important aspects.
Here we will give you a wide guide on the process of selling Pi coin, so that you can sell your Pi Cash safely and correctly.
Selling Pi Coin on Centralized Exchanges (CEX)
Centralized exchanges (CEX) are those platforms that serve as a centralized intermediate to buy and sell cryptocurrency. This category consists of major exchanges like Coindcx, Binance, Kraken. Where Pi coin list on coindcx It has already been done and the exchange has been listed to Pi Coin. The process of using CEX to sell Pi Coin will be as follows:
Process:
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Create an account on exchange,
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First of all, you have to create an account on a major CEX. For example, binance, kraken, or any other major exchange can choose.
Deposit Pi Coin in exchange wallet,
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To transfer Pi Coin to your CEX account, you must first deposit your Pi Cash from Pi Community Wallet to exchange wallet.
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Send Pi Cash using the wallet ID of the exchange.
Put Promote Series,
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When you have deposits in PI Cash Exchange Wallet, you can put a promote form to sell the PI at your desired price.
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You can set it as ‘Marketplace Form’ or ‘Restrict Form’.
Get payment,
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On completion of the Promote Form you applied, you will receive payment. Payment you can find as cryptocurrency (such as bitcoin, atherium) or fiat (eg dollar, rupee), which will depend on the payment method you have chosen.
Important point:
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Trading fees: By transacting on CEX, you may have to pay a small fee.
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Price fluctuations: Cryptocurrency market changes rapidly, so you have to trading carefully.
Selling Pi Coin on DECENTRARALZED EXCHANGES (Dex)
Decentralized exchanges (Dex) are platforms where trading is directly between two users, without any media. The process of selling pi coin on Dex can be as follows:
Process:
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Connect Crypto Pockets,
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First, you have to connect a crypto wallet such as metamask to the Dex platform.
Add to pi coin wallet,
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Add Pi Coin to your wallet, so that you can see and sell it on the Dex platform.
Put Promote Series,
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Now you can determine your desired amount for the sale of Pi Coin on DEX and exchanged it in other cryptocurrency like USDT, Eth or BTC.
Get payment,
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As soon as your sales order is complete, you will receive another crypto (eg, USDT, eth etc.).
Important point:
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Gas fees: DEX costs a network fee (gas fee) for every transaction, which depends on the complexity of the network and the complexity of the transaction.
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Other security measures: When using Dex, take care to avoid scams and fraud.
Key things to keep in mind while selling pi coin
It is important to keep in mind the following points before selling Pi Coin:
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Market volatility: Price in Crypto market can change rapidly. Keeping in mind the fluctuations in the prices of Pi Coin, you should sell at the right time.
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Trading fees: Some CEX and DEX are charged some fees on the platform. This fee can vary, so select the right platform.
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Safety and fraud: As the Pi Community is becoming popular, cases of fraud and scam tokens may also increase. Always confirm wallet addresses and trading details from official sources.
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Time and Market Trends: Price fluctuations may occur after the launch of Obvious Mainnet of Pi Coin. Keep an eye on the market trends and updates of Pi Community to sell at the right time.
Conclusion
The Mainnet launch of Pi Community is an important milestone for Pi Coin. Now that the PI coin has been listed on major exchanges, the process of selling its selling has become quite simple. Whether you use CEX or Dex, the process of selling Pi coin on both platforms is clear and safe. However, keeping in mind the market volatility and safety measures, you should decide to sell Pi Coin at the right time.
