Pi Coin is finally launching its Open Mainnet. 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.
Pi has over 60 million engaged users with over 19 million identity-verified (through its native KYC solution) and over 10 million migrated to its Mainnet.
Total Supply：100,000,000,000 PI
What is a PI coin and what is all the hype about?
For those, who are new and have no clue - the Pi Network is a cryptocurrency project that aims to provide ease of access to crypto mining using a digital mining app. The network utilizes a cooperative consensus mechanism for its users, validating transactions through collaboration, rather than competition.
Project was launched in 2019 and after several months of nothing, users lost all hope of anything real coming out of it.
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.
Here’s a quick summary How to buy PI Coin?
Sign up on a supported exchange & 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 MEXC, where you can buy PI pre-market. Although the steps are similar on other exchanges.
If you don’t have an account yet, go to MEXC and register, complete KYC verification (upload ID, take a selfie), and once verified, you’re ready to deposit funds and trade.
2. Deposit funds (USDT or fiat)
PI will be traded against USDT, so you’ll need some in your 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).
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)
There is a countdown on every supported Exchange. Search for PI/USDT to find the dedicated page.
How to Claim PI coin if you’ve been mining all these years?
First of all, lot of us envy you right now. Here is a simple guideline on how to claim your PI balance to the exchange that supports deposits.
First, you need to move your Pi from your Pi Network Wallet to an exchange like OKX. You can't deposit it on MEXC due to the pre market launch there.
Open the Pi Browser, go to your Pi Network Wallet, and unlock it using your passphrase. From there, select “Pay / Request” and choose “Manually Add Wallet Address.”
Now, switch over to the exchange that supports PI deposits, like OKX. Open the exchange, go to the deposit section, and search for Pi Coin. Copy your unique Pi deposit address (it starts with “M”) and paste it into your Pi Wallet.
Double-check that everything is correct; blockchain transfers can’t be reversed. Once confirmed, hit send and wait for the deposit to reflect in your exchange account.
Pi transfers aren’t instant. While deposits usually take 10-30 minutes, heavy network traffic could delay it further. You may need to be patient.
After transferring your PI to the exchange, you can sell it in exchange USDT after the trading starts, or you can hold it - whatever strategy you like to pursue.
Disclaimer: This article is for informational purposes only and should not be considered legal, tax, investment, financial, or any other form of professional advice. Always do your own research before making any decisions.
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