With the development of Pi Network's mainnet, many users are exploring ways to monetize their mined Pi coins. OKX has emerged as the first major exchange to support Pi coin trading, making it the primary platform for converting Pi into cash. This guide provides a step-by-step breakdown of the monetization process to help you successfully trade Pi coins.
👉 Start trading Pi coins on OKX today
1. What Is Pi Network? Why Transfer to OKX?
Pi Network is a mobile-mining cryptocurrency project that has now entered its mainnet phase. Since Pi coin trading isn't fully open yet, most exchanges don't support it. OKX stands out as the first major exchange to enable Pi coin transactions, making it the go-to platform for users looking to cash out.
2. Monetization Process Overview
1. Set Up Your Pi Network Mainnet Wallet and Complete KYC
Before transferring Pi coins, ensure you’ve:
- Completed Pi Network’s Mainnet Task 5 to unlock your Pi coins.
- Passed KYC (identity verification), which is mandatory for transfers.
2. Register and Verify Your OKX Account
Steps:
- Sign up for OKX 👉 Register for OKX here
- Complete KYC verification (required for trading).
- Download the OKX app for easy Pi coin management.
3. Transfer Pi Coins to OKX
Steps:
- Locate your Pi coin deposit address in OKX.
- Send Pi coins from your Pi Network mainnet wallet to OKX.
4. Sell Pi Coins on OKX
Once Pi coins arrive in your OKX wallet:
- Check your balance in the OKX wallet.
- Navigate to the Pi spot trading market (e.g., Pi/USDT pair).
- Place an order (market order for instant execution or limit order for price-specific trades).
3. Handling Funds After Selling Pi Coins
1. Withdraw to Bank Account (Using Bitopro)
To cash out:
- Register and verify a Bitopro account.
- Transfer USDT from OKX to Bitopro.
- Exchange USDT for TWD (New Taiwan Dollar).
- Withdraw TWD to your bank account.
2. Reinvest in USDT or BTC
Convert proceeds into USDT, BTC, or other cryptocurrencies for further trading.
3. Join Pi Coin Communities
Engage with Pi investment groups for market insights and trading strategies.
4. Conclusion
With Pi Network’s mainnet live, OKX is the leading platform for Pi coin trading. By completing KYC, transferring Pi to OKX, and selling in the market, you can successfully monetize your Pi coins.
👉 Begin trading Pi coins on OKX now
For further crypto investment learning, join relevant communities to explore advanced strategies and trends!
FAQ
Q: How long does Pi coin transfer to OKX take?
A: Transfers typically complete within 30 minutes to a few hours, depending on network congestion.
Q: Is KYC mandatory for Pi coin withdrawals?
A: Yes, both Pi Network and OKX require KYC for security and compliance.
Q: Can I trade Pi coins peer-to-peer (P2P)?
A: Currently, OKX’s spot market is the most reliable Pi trading option.
Q: What’s the minimum Pi coin withdrawal amount?
A: OKX’s minimum Pi withdrawal is 1 Pi coin.
Q: Are there fees for selling Pi on OKX?
A: OKX charges a 0.1% spot trading fee (lower for high-volume traders).
Q: How do I track Pi coin price trends?
A: Use OKX’s price charts or third-party tools like CoinMarketCap/CoinGecko.